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About IC Markets
IC Markets is one of the world’s leading forex brokers. It is an ECN broker that offers great account options, excellent trading conditions, and top-notch trading technology. It has a large number of trading instruments, including currencies, commodities, indices, bonds, stocks, and cryptocurrencies. It also offers the ideal trading environment, complete with tight spreads, low commissions, and fast execution.
Key Benefits
Regulation
IC Markets is a regulated forex broker. It is licensed by some of the strictest and most well-respected regulated bodies in the world, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). It therefore a reliable and trustworthy broker.
Fund Safety
This broker offers a high level of client fund management and client fund protection. It holds its clients’ funds in segregated trust accounts at Australian Banks, National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). This means that client funds are held separately from company funds. It also means that it does not use client funds for its own business purposes.
Trading Platforms
IC Markets offers three online trading platforms. These are MT4, MT5, and cTrader.
Trading Instruments
It offers a wide range of 80+ trading instruments. You can choose from currency pairs, commodities, indices, bonds, stocks, and cryptocurrencies.
IC Markets Account Types
This broker has three main accounts types. These are the Raw Spread Account, the Raw Spread (cTrader) Account , and the Standard Account. Each account types offers slightly different trading conditions.
Spreads | Instruments | Minimum Deposit | Max. Leverage | Commission | |
Raw Spread (cTrader) | From 0.0 pip | All Available | $200 | 1:30 | $6 per lot |
Raw Spread (Meta Trader) | From 0.0 pip | All Available | $200 | 1:30 | $7 per lot |
Standard | From 0.6 pips | All Available | $200 | 1:30 | $0 |
Deposits & Withdrawals
IC Markets has several different payment options. You can deposit money using credit cards, debit cards, bank transfers, Paypal, Skrill, Neteller, Qiwi, Webmoney, and also FasaPay. You can also withdraw money using the same payment methods.
Trading Tools
This broker has a number of helpful online trading tools. For example, it offers a free pip calculator and a free economic calendar.
Forex Education
This broker offers great educational support. It provides useful fundamental market analysis, technical market analysis, and trading data – all via one information hub. It also offers a free webinar series and free educational videos.
Extra Trading Services
In addition to world-class educational support, IC Markets also has a free Web TV service. Offered in partnership with Trading Central, this service provides you with in-depth video market commentary and useful trade ideas.
Documents
To open a trading account you need to provide IC Markets with certain documents. This is to help them verify your identity. You will need to send them a proof of ID. This could be a copy of your passport or a copy of another form of government ID, such as your driver’s license or a national identity card. You also need to provide a proof of address. This could be a utility bill, a bank statement, or a government issued tax document.
IC Markets Support
This broker offers round-the-clock support. Their customer support team is very helpful. You can contact via phone, email, or live chat.
Conclusion
IC Markets is a great forex broker. It offers excellent trading conditions and fantastic trading support. As such, IC Markets is suitable for both new and experienced forex traders.
We hope you enjoyed our IC Markets review. If you’d like to sign up, click here to open an account.