IC Markets

IC Markets presents itself as the best and biggest ECN broker in the market. It is regulated by CySEC and ASIC, offering the MT4, MT5 and cTrader platforms.

IC Markets broker review, account types, fees, platforms, regulation and more.

IC Markets is highly recommended for both new traders and also experienced traders looking for faster execution and lower spreads.

The broker's address is: International Capital Markets Pty Ltd, Level 6 309 Kent Street, Sydney NSW, 2000 Australia

Created in 2007, the company has a good history in the market Forex . The broker's secret is that it provides true access to the ECN market and better trading rates for the best trading technology.

Newbies will find the account structure welcoming and simple to understand.

IC Markets understands that attracting more customers involves a combination of low spreads, state-of-the-art technology, fast transaction execution and high quality customer service.

IC Markets Broker Valuation

Regulation by an official body is very important for online trading. A license gives the broker a secure relationship with the customer. To obtain such a license, IC Markets must comply with certain rules and requirements. Violation of these requirements will mean the immediate loss of the license.

ASIC (license number 335692)

ASIC (license number 335692)

 The company has been regulated by ASIC (license number 335692) since 2009 and by CySEC (Registration number: 362/18) since 2018, as these are the two most trusted regulators in the world.

CySEC (Registration number: 362/18)

CySEC (Registration number: 362/18)

We know that IC Markets is a safe and reliable broker. In addition, it uses trusted Australian banks NAB and Westpac to keep client funds segregated and, in the unlikely event of an IC Markets bankruptcy, client funds are safe as IC Markets has Professional Indemnity Insurance through Lloyds London.

IC Markets gives us a very serious impression and we can assume that this is not a fraud:

  • ASIC Regulation in Australia
  • Regulated by FSA in Seychelles
  • Regulated by CySEC in Cyprus
  • Separate accounts with major banks
  • The external auditor of the broker

Some IC Markets Facts:

  • Australian Forex ECN broker established in 2007
  • Direct market access through major liquidity providers (Goldman Sachs, HSBC, etc.)
  • One of the first ECN brokers
  • Better business terms and low business rates
  • Specialized in negotiation forex

IC Markets Trading Conditions

The company's main objective is to create the best possible commercial conditions, this is achieved by concentrating on finding the best conditions from a network of stock and technology suppliers that provide a quick commercial execution.

IC Markets works with a large number of stock providers in order to present the best terms and the lowest spreads to its clients.

State-of-the-art technology is internally developed to enable the search for the best conditions and provide customers better control of transactions.

IC Markets has servers in both London and New York, providing clients with low latency and fast transaction execution, leading to less slippage and better trading results.

Types of Accounts

IC Markets offers clients two real accounts and a demo account. Each of the live accounts has a minimum deposit of 200 USD, a maximum leverage of 500:1 and over 60 currency pairs to trade.

  • Demonstration Account - TO demo account of IC Markets does not expire unless it has been inactive for 30 days. The demo account gives you a virtual $100.000 starting balance, but if your account runs out of these virtual funds, a customer support agent can top it up again.
  • Standard Account: This type of account is commission free but has the highest spreads.

 

  • Raw Spread Account: This account is available on MT4 and cTrader platforms. Users have access to spreads as low as 0,0 pips, but realistically these are 0,1 pips and higher. While MT4 has a fixed commission of $7,00 per lot, cTrader has a flexible one with a minimum of $6 per lot.

The minimum deposit, regardless of account type, is $200. Islamic accounts are available.

 

IC Markets Account Types

CFD Trading in Cryptocurrencies

IC Markets offers a reasonably wide range of Cryptocurrencies. Many brokers only provide a minimal set of cryptocurrency pairs and limit them to less attractive account types, but this is not a concern for IC Markets.

Available Cryptocurrencies IC Markets:

  • Bitcoin
  • Bitcoin Cash
  • Ethereum
  • dash coin
  • Ripple
  • Litecoin

These pairs are available for all types of accounts, and the trading conditions allow for short-term trading in Cryptocurrencies.

Available Cryptocurrencies IC Markets

Available Cryptocurrencies IC Markets

Leverage is limited to 1:5 for cryptocurrencies, which is standard for these products as volatility can sometimes be extreme. The spreads on these currencies are variable and are significantly higher than Fiat currencies, but in line with other brokers competing in the forex market.

IC Markets Deposits and Withdrawals

Credit & debit card deposit, Paypal, Neteller, Skrill, Qiwi, Webmoney, Union Pay, FasaPay, Moneybookers, bank transfer, Bpay and branch deposits. Most deposits are completed immediately, and a large portion within 12 hours.

IC markets Payment Methods

IC markets Payment Methods

All withdrawal requests received before noon AEDT/AEST are processed on the same day, but please note that additional time is required before receiving funds.

The time until you receive your funds varies depending on the withdrawal method you use. Depending on the method, there may be fees or restrictions from the provider. The platform does not charge any additional withdrawal fees. The total costs are:

  • Paypal, Skrill and Neteller Withdrawals - No Fees
  • Credit & Debit Card Withdrawals — No Fees
  • Australian Domestic Bank Transfers — No Fees
  • International Bank Transfers — AUD 20

IC Markets has no downtime fee. However, customer accounts will be archived if there is no balance and the account has not been used for more than six months.

IC Markets Markets For New Traders

IC Markets is one of the few ECN brokers accessible to newbies. Where many other ECN brokers fail is education and analytics, often forcing users to seek knowledge from third-party material.

IC Markets For New Traders

IC Markets For New Traders

 

IC Markets, com has a complete library of educational materials, independent market analysis, and webinars with comprehensive Forex trading education. IC Markets also supports all three major software options and 24/5 customer support.

Training Material

The broker has a large free education center open to everyone, whether or not they have an account on the platform. Unlike other brokers, where educational material is often structured, IC Markets has a selection of blog posts that are linked by topic.

And unlike other ECN brokers, it's obvious that IC Markets have invested heavily in educating users of all experience levels. The main elements in the field of education are:

  • Forex Market Basics
  • Technical Analysis
  • Risk Management
  • Psychology in Trading
  • Fundamental Analysis
  • Trading Plan

Videos are also available to help new users create trading software. The videos cover topics how to download a demo account, how to use the one-click trade manager, how to cover an order on MT4, and how to use the Trading Terminal.

A set of webinars previously recorded by forex market experts, available on video and also for reading. The webinars mainly cover technical analysis areas such as candle patterns, Fibonacci, fading and scalping, but there are additional sessions on market structure, market dynamics and the psychology of a professional trader.

IC Markets Analysis Material

IC Markets provides market analytics on its blog, and customers who register for an account will also have access to Trading Central's analytics.

Trading Central is an independent company and this tool is recommended for new users who want to learn technical analysis or for those who want an independent opinion about their trades.

Customer Support

IC Markets has a dedicated customer support department that operates 24 hours, 5 days a week. Contact them via live chat, email and telephone.

Live chat and phone support can help with any general questions and queries, however queries directed to specific departments, such as the accounts department, are via email only.

We often have suggestions on how customer service can be improved, but we never had a problem contacting the support team and got direct answers quickly.

The languages ​​available on the platform are:

  • Arab
  • Ukrainian
  • Russian
  • Spanish
  • urdu
  • English
  • Greek
  • Rumanian
  • Italian
  • Portuguese
  • Chinês
  • Korean
  • Vietnamese
  • Czech

IC Markets Commercial Platforms

IC Markets offers MetaTrader 4, 5 and cTrader customers. MetaTrader 4 and 5 are downloadable platforms, while cTrader works in a browser, 'web'. All three are available on 'smartphones'.

The software a trader uses is a personal choice as they all offer the same fast trading tools and advanced charting. According to Finance Magnates Intelligence, IC Markets was the broker with the highest trading volume through MetaTrader 4, reaching nearly $500 million in Q4 2018.

Next on the list was the Pepperstone platform with $210,4 million during the same period.

Social Trading

IC Markets clients can integrate their accounts with popular social trading platforms ZuluTrade and MyFXbook.

Social Trading

Social Trading

Metatrader 4 and 5

Trading platforms are highly secure and have been in use for many years. Metatrader is the most famous trading platform in the world. You can make any customization of your choice and create your own strategies. Metatrader works flawlessly and gives you direct access to markets.

IC Markets MT5

IC Markets MT5 Broker Valuation

MetaTrader is the most popular trading platform in the world, because it offers an unrivaled and easy-to-use trading interface and settings, plus free indicators, automated trading, multi-tender, MetaTrader is customizable for any trading style.

IC Markets statistics states that most of the order volume comes from automated systems. The broker supports the use of an automated system. You can rent a virtual private server from IC Market and manage the system 24 hours a day.

You can program such systems using the editor built into the trading platform. But of course it takes a proper trading strategy.

The MetaTrader trading platform offers a wide range of analysis and charting tools. Choose from different types of graphics and customize them as you wish. Indicators and technical drawing tools are free.

More than 50 different indicators are available on the platform. For advanced users, there is an option to insert external indicators downloaded online, each indicator is customizable. There are many features that we cannot mention all here. In addition, technical technical analysis tools are available.

cTrader

cTrader

Ctrader IC Markets Broker Valuation

It should be noted that both trading platforms are available for free, and you will not have to pay any account maintenance fees. Through CTrader, you get a direct view of market liquidity without intermediaries.

Mobile Trading Applications

IC Markets has the MT 4 and MT5 applications, as well as its own cTrader IC Markets application for smartphones. IC Markets cTrader supports 26 timeframes, 50+ indicators, 4 chart types, symbol watch lists, price alert and more.

Mobile Trading Applications

Mobile Trading Applications

  • Real-time Forex and CFD quotes
  • Complete set of trading orders, including pending ones.
  • Trading directly from the chart
  • All types of execution modes support
  • View your complete business history
  • Live interactive graphics with zoom and scroll
  • 30+ of the most popular technical indicators
  • Multiple timeframes for price action and pattern analysis
  • 3 types of charts: bar, candlestick and line charts
  • Adjustable Technical Indicator Definitions

Advantages of Mobile Phone

  • User-friendly interface
  • Trading levels and volumes on the chart
  • Offline mode (instrument and chart prices)
  • Free and easy to download directly from the Apple App Store

Assessment Method

We value transparency and openness in the way we review partners. To bring transparency, we publish our review process which includes a detailed description of the IC Markets platform offering.

A central aspect of this process is the assessment of the broker's reliability, trading platforms and the trading conditions offered to clients, which are summarized in this assessment. Each of these is ranked, and an overall score is calculated and assigned to the trading platform.

Summarizing About IC Markets Broker

IC Markets is a leading-edge ECN broker that uses a combination of technology to deliver the best trading conditions to clients and fast execution technology.

IC Markets has leading ASIC and Cysec regulation, high quality customer support and a comprehensive educational area. All of this is available on the three main CFD trading platforms.

If you are new to trading, IC Markets offers one of the best services to help you get started. If you are a seasoned trader looking for an ECN broker with the best trading conditions and fast execution, IC Markets is a great choice.

Pros / Cons
  • Regulated and safe forex broker
  • real ECN trading
  • Better trading conditions for users (0,0 pips spread and commission)
  • Metatrader 4 and 5
  • Social Trading
  • Fast customer support
  • No hidden fees
  • Best broker to trade larger volumes through large liquidity providers
  • Free demo account
  • Minimum deposit $ 200
  • Many educational materials
  • Does not accept USA Customers
  • Unfixed spreads
IC-Markets-Logo

$ 100.000
Free Demo

IC Markets presents itself as the best and biggest ECN broker in the market. It is regulated by CySEC and ASIC, offering the MT4, MT5 and cTrader platforms. ECN broker with the best trading conditions and fast execution.