IC Markets is one of the leading brokerage platforms in the industry, providing trading solutions to active traders, scalpers, and new entrants to the market. IC Markets has been around since 2007, offering traders top-notch CFD and forex brokerage services. IC Markets is well-known for providing traders access to the financial markets via cutting-edge trading platforms, with low latency connectivity and superior liquidity. Thanks to IC Markets, retail traders can access pricing that was previously available only to institutional banks and high-end clients. Similar to the other leading brokers, IC Markets offers users access to a wide range of trading tools and educational materials. Orders are executed faster than what is obtainable on other platforms and IC Markets supports various safe and secure payment systems. Thanks to the excellent banking and security system, the professional customer support and the wide range of effective trading tools, traders can comfortably carry out CFD and forex trading with IC Markets.
IC Markets Review
License and Regulation
IC Markets is a fully regulated and authorized forex broker. The company is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with a license (AFSL) No. 335692. This license grants IC Markets the right to carry on a financial services business in Australia.
It is also regulated by The Seychelles Financial Services Authority (FSA), with a Securities Dealer License No SD018. It is authorized to carry out financial services business in Seychelles, with its services covered by the Securities Dealer License. These entities ensure that IC Markets complies with the international and local regulations guiding financial markets service providers.
As a regulated broker, IC Markets fully complies with the Australian Anti-Money Laundering and Counter-Terrorism Financial Act 2006, as well as the Know Your Customer (KYC) process. These regulations are put in place to curb vices in the financial markets, and traders on IC Markets are also required to comply with these rules. IC Markets segregates user funds, undergoes external audits at regular intervals, and is fully insured. Thanks to all these security processes, clients can rest assured that their funds are safe at all times.
IC Markets Scam – Is This Broker Legit?
IC Markets is a legit forex and CFD brokerage platform that is regulated by both the Australian Securities and Investments Commission (ASIC) and The Seychelles Financial Services Authority (FSA). IC Markets comply with the AML, KYC, and the Counter-Terrorism Financing Act, to help curb crimes in the financial markets. IC Markets is fully insured by Lloyd’s of London and H. Savy Insurance Co Ltd in Seychelles. The platform has also put in place independent external auditors to ensure compliance with the regulatory guidelines of both the ASIC and the FSA. With all these regulations in place, you can be confident that IC Markets is not a scam, and your funds are safe and secure with them.
IC Markets Login – Account Types
IC Markets offers three account types to clients. Depending on their trading preferences, the cTrader, Raw Spread, and Standard accounts available on IC Markets, will serve the trader’s needs, both new and advanced traders. Each of the account types has the Islamic account option for Muslim traders that wish to trade and comply with Shariah law. The commissions and spreads differ on each of the account type, while the minimum deposit sum of $200 applies to all three. Each account type gets access to 64 currency pairs, leverage of 500:1, and a wide range of other trading tools and educational materials. The cTrader account type is suited for day traders and scalpers, Raw Spread is for EAs and scalpers, and the Standard account is for discretionary traders.
IC Markets Demo
IC Markets has free demo accounts for its traders. The demo account is an excellent opportunity for traders to try out different trading strategies before staking real money on their trades. You can use the demo account to learn more about your trading strategy as it has similar tools to the real live trading account.
IC Markets Trading Platforms
IC Markets operates the MetaTrader 4, MetaTrader5, and the cTrader trading platforms. The cTrader platform is specially designed for high-speed order execution. It has a unique design, elegant user interface and advanced trading tools. The minimum lot size, high leverage, and no restrictions on trading are some of the excellent features of the cTrader platform. It can only be accessed via a computer. Users have access to trading tools and can instantly contact the customer support team using this platform.
The MetaTrader 4 platform is the most popular trading platform used by global forex and CFD traders. The MT4 platform on IC Markets has ultra-fast execution speeds and flexible trading conditions. The MT4 platform can be accessed on a computer or via a mobile device. The spreads here start from 0.0, and there are no restrictions on trading. This implies that you can execute as many trades as you wish to. The availability of trading tools, such as daily reviews, market analysis, economic calendar, and more, makes it easier for traders to use the MT4 platform. The Raw Pricing feature on IC Markets MT4 makes it possible for users to trade on an institutional grade level. You will get fair pricing to the world’s leading execution venues.
The MetaTrader 5 is another trading platform you can use on IC Markets. The MT5 is an all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies, and commodities. With the Raw Pricing feature on IC Markets, MT5 is perhaps the best trading platform for active traders. The MT5 comes with a vast array of trading tools such as economic calendar, market news, daily reviews, technical analysis, and more. The low latency and competitive spreads also make the MT5 an exciting platform for day traders and scalpers. You can access the MT5 via a computer, iPhone, and Android devices.
You can access the different asset classes on IC Markets when you choose any of the three trading platforms.
IC Markets has several trading resources available to its users. Starting with educational resources, IC Markets dedicates an entire section of its site to learning materials. They have a blog section where users can learn about forex and CFD trading. The glossary is also available to help out with trading terms, making it easier for traders to understand what words and terminologies mean. Clients can also watch educational videos to help them get started in forex. The instructional videos available are designed for virtually all traders, regardless of their experience level. The videos provide a step by step guide on how to use the different trading platforms on IC Markets. Some common questions are also answered in the video tutorials. IC Markets organizes webinars to teach traders better strategies and how to use the platforms.
The trading tools on IC Markets are all geared towards helping traders make better decisions. The economic calendar gives users insight into upcoming relevant events in the markets. These events could be significant deciders on how the market moves. The market analysis blog contains daily analysis, both fundamental and technical. The charts indicate real-time prices of the assets, allowing traders to follow the price movement of these assets with ease.
One of the best features of IC Markets is that it supports multiple, safe and secure payment options. The payment system has been streamlined to make it easy for traders to deposit and withdraw their funds. The payment options you can use here include; MasterCard, Visa, RapidPay, PayPal, Klaran, Bitcoin Wallet, Poli, bank transfer, FasaPay, Bpay, Skrill, Neteller, and UnionPay. The SSL security protocol on the site makes it safe to deposit and withdraw funds on IC Markets whenever you wish to.
The minimum deposit amount on IC Markets is $200 for all three account types. As a regulated entity, you have to verify your account details before you can withdraw funds on the platform. For credit/debit cards, PayPal, and web money options, transactions take less than 24 hours to be completed. However, those using the bank transfer option will have to wait for 3-5 days before transactions are completed. IC Markets does not charge fees for deposits or withdrawals. However, your financial institution could charge you for the transactions so check this directly with your bank. There is no transaction limit on IC Markets. However, conditions apply when you wish to make higher withdrawals than what you deposited.
IC Markets – Customer Service
The customer service on IC Markets is exceptional. The support team is available 24/5, in multiple languages, making it easy for traders all over the globe to reach them. You can quickly contact them via chat support (which is available 24/7), phone calls, or email. The glossary and FAQ sections are also available for those who wish to get quick answers to their questions.
Final Word – IC Markets Is A Leading Broker
IC Markets has been a leading forex and CFD broker for over a decade. The company is reputable as it is currently authorized and regulated by two financial regulatory bodies. They provide users access to the stock, crypto, forex, indices, and the commodities markets. Traders have access to various trading tools and a wide range of payment options on IC Markets. As a regulated broker, IC Markets complies with the KYC, AML processes, and the Counter-Terrorism Financing Act. The developers have put in place stringent security measures to help keep user funds and personal data safe and secure at all times.
Want to enjoy a fantastic crypto, forex, and CFD trading experience? Then IC Markets is the perfect place for you. Sign up with IC Markets today and start trading various financial assets.
Overall Rating: 9/10
Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on CoinRevolution and across the web.