IC Markets Review 2024

What is IC Markets?

IC Markets Global is a renowned multi-asset trading platform that offers a wide range of trading services. It is one of the largest Forex CFD providers in the world by trading volume. Key Features:. Raw Spreads: IC Markets Global offers raw spreads from 0.0 pips. This means that traders can benefit from tight spreads, which are available 24/5. Fast Order Execution: The platform boasts average execution speeds of under 40ms. This is facilitated by low latency fibre optic connections and Equinix NY4 servers. Wide Range of Tradable Instruments: Traders have access to over 2250 tradable instruments. These include Forex CFDs, commodities, stocks, indices, bonds, and cryptocurrencies. 24/7 Dedicated Support: IC Markets Global provides round-the-clock support to its users. Trading Volume and Client Base: As of June 2023, IC Markets Global reported a trading volume of US$1.39 trillion. The platform has over 200,000 active clients worldwide. Automated Trading: IC Markets Global is a preferred choice for automated traders. Its order matching engine, located in the New York Equinix NY4 data centre, processes over 500,000 trades per day. Over two-thirds of all trades come from automated trading systems. Reputation: IC Markets Global has an excellent rating of 4.8/5 on TrustPilot. In the context of Forex, IC Markets Global provides a robust platform for trading Forex CFDs. It offers raw spreads from 0.0 pips, ensuring the best possible prices with no requotes. This makes it a reliable choice for high volume traders, scalpers, and robots.

What is the Review Rating of IC Markets?

What are the Pros of IC Markets?

IC Markets is a forex and CFD broker that offers a range of trading platforms, instruments, and features for traders of different levels and preferences. Here are some of the pros of trading with IC Markets:. Low fees: IC Markets charges low spreads on forex, ranging from 0 pips on some major pairs. It also offers a commission of $3.50 per lot per trade on its Raw ECN account, which is competitive in the industry. Additionally, deposits and withdrawals are free of charge, and there are no inactivity or withdrawal fees. High speed of execution: IC Markets uses the MetaTrader 4 and MetaTrader 5 platforms, which are known for their fast and reliable order execution. The broker also supports algorithmic trading with its NinjaTrader platform, which allows traders to create and run their own trading strategies. Large choice of instruments: IC Markets offers over 3,500 trading instruments across various asset classes, including forex, indices, commodities, cryptocurrencies, shares, ETFs, and more. Traders can access a wide range of markets from one platform and diversify their portfolio. Favorable trading conditions: IC Markets provides various account types to suit different trading styles and preferences. The standard account has no commission but higher spreads, while the Raw ECN account has lower spreads but a commission fee. Both accounts have negative balance protection and leverage up to 1:500. The broker also offers Islamic accounts that comply with Sharia law. Advanced trading tools: IC Markets enhances its MetaTrader offering with third-party plugins that provide additional functionality and features. For example, ZuluTrade is a social copy-trading platform that allows traders to follow and copy the trades of other successful traders. Other plugins include Trading Central, Autochartist, PsyQuation Strategy Builder, and more. Excellent customer support: IC Markets has a dedicated customer support team that is available via phone, email, live chat, or social media. The support team is responsive and professional, and can assist traders with any issues or queries they may have. Quality research and education: IC Markets provides various resources for traders to improve their skills and knowledge. The broker publishes daily market analysis reports on its website. , as well as weekly webinars. that cover various topics related to forex trading. The broker also offers video tutorials. , blog articles. , ebooks. , glossary. , FAQs, and more. . These are some of the pros of trading with IC Markets that make it an attractive option for forex traders who are looking for low-cost trading conditions with a large selection of instruments and tools.

What are the Cons of IC Markets?

IC Markets is a well-known forex broker with many advantages, but like all brokers, it also has its downsides. Here are some of the cons associated with IC Markets:. Limited Market Research and Educational Content: Compared to other top forex brokers, IC Markets falls short in terms of the scope of its market research and the quality of its educational content. This could be a disadvantage for traders who rely on these resources for making informed trading decisions. Absence of a Proprietary Trading App: IC Markets does not offer a proprietary trading app. This means that traders are limited to using third-party platforms, which may not offer the same level of integration or features as a dedicated app. No Additional Bonuses and Contests for Traders: Unlike some brokers, IC Markets does not offer additional bonuses or contests for traders. This could be a drawback for traders who appreciate these extra incentives. Delays in Payments: Some traders have reported experiencing delays in payments for a couple of days. While this is not uncommon in the industry, it can be inconvenient for traders who need timely access to their funds. No Weekend Trading: IC Markets does not offer weekend trading. This limits the trading opportunities for those who prefer to trade during the weekend. Limited Product Selection: IC Markets is not recommended for long-term investors, as you can’t trade stocks, ETFs or funds. This restricts the options for traders looking to diversify their portfolio. Slow Live Chat Support: Some users have reported slow responses from the live chat support. Timely and efficient customer service is crucial in the fast-paced world of forex trading. No Investor Protection for Non-EU Clients: IC Markets does not provide investor protection for non-EU clients. This could be a significant risk for traders outside the European Union. Please note that while these points highlight some of the potential downsides of trading with IC Markets, it’s important to consider your individual trading needs and goals when choosing a forex broker. It’s always recommended to do thorough research and consider multiple sources before making a decision.

What are the IC Markets Current Promos?

IC Markets, a leading player in the forex trading industry, is currently offering a limited-time promotion to welcome new clients. The promotion, which runs from August 1st, 2023 to August 31st, 2023, offers a 10% deposit bonus, allowing traders to earn up to $200. This bonus is both withdrawable and tradable, providing added flexibility for clients. Here’s how it works: Traders create a live trading account and deposit a minimum of $200. They then make a minimum of 2 qualifying trades. Once these steps are completed, traders can opt into the promotion by filling out a registration form between August 1st and August 31st. The bonus is then automatically credited to their trading account. . The bonus amount varies depending on the deposit and the number of qualifying trades. For instance: A $200 deposit with 2 qualifying trades earns a $20 bonus. A $500 deposit with 5 qualifying trades earns a $50 bonus. A $1000 deposit with 10 qualifying trades earns a $100 bonus. A $2000 deposit with 20 qualifying trades earns a $200 bonus. . It’s important to note that qualifying trades are defined as trades with an opening time of 5 minutes or more, and hedging trades do not count as effective trades. IC Markets offers a range of features that make it an attractive choice for traders, including 0.0 pip spreads, 1:1000 leverage, micro lot trading, and access to over 2250 tradable instruments. They also offer 24/7 dedicated support to assist clients with their trading needs. However, it’s worth noting that some sources suggest IC Markets does not currently offer any bonuses for new traders or rewards for loyal customers. Therefore, it’s always a good idea to check the official IC Markets website for the most accurate and up-to-date information.

What are the IC Markets Highlights?

IC Markets is a well-established forex broker that offers a wide range of services and features. Here are some of the highlights:. Trading Platforms: IC Markets offers cutting-edge trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are available on various devices, including web browsers, desktops, and mobile devices. This allows traders to access the markets from anywhere, at any time. Range of Products: Traders have access to a wide range of products, including Forex CFDs, Commodity CFDs, Index CFDs, Bond CFDs, Cryptocurrency CFDs, Stock CFDs, and Futures CFDs. This diverse product offering allows traders to diversify their portfolios and take advantage of different market conditions. Competitive Spreads: IC Markets offers competitive spreads across all of its cash Indices. For example, the E-mini S&P 500 Index starts from 0.4 points, the FTSE 100 Index from 1 point, the Xetra DAX Index from 1 point, and the S&P 200 Index from 1 point. Fast Order Execution: IC Markets prides itself on its fast order execution. This is crucial for high volume traders, scalpers, and robots. Institutional Grade Liquidity: IC Markets provides institutional grade liquidity. This ensures that traders can execute their trades at the best possible prices. Flexible Funding and Withdrawal Options: IC Markets offers a variety of funding and withdrawal options. This makes it easy for traders to manage their accounts. Regulation: IC Markets is regulated by the top-tier financial authority Australian Securities and Investment Commission (ASIC). This provides traders with the assurance that they are dealing with a reputable and reliable broker. In conclusion, IC Markets offers a comprehensive trading solution for both new and experienced traders. Its advanced trading platforms, wide range of products, competitive spreads, fast order execution, institutional grade liquidity, flexible funding and withdrawal options, and strong regulatory oversight make it a top choice for forex traders.

Is IC Markets Legit and Trustworthy?

IC Markets is a well-known and reputable forex broker that has been in the market for years. It is considered reliable as it is regulated by the top-tier Australian Securities and Investments Commission (ASIC) in Australia. This regulation provides a level of assurance to traders about the legitimacy of IC Markets. The company has received several licenses, further reinforcing its legitimacy. However, it is recommended to open an account not in an offshore branch. IC Markets has an excellent reputation among its users. It has a high rating of 4.8 out of 5 points on Trustpilot, with more than 28,000 reviews. Users have praised IC Markets for its customer service, trade execution speed, user-friendly platform, and transparent fee structure. Several users have shared their positive experiences with IC Markets. They have highlighted the company’s dedication to customer satisfaction, efficient customer support, and smooth trading experience. Some users have even recommended IC Markets to others based on their experiences. However, it’s important to note that while many users have had positive experiences with IC Markets, there have been some reports of difficulties with withdrawals. This serves as a reminder that while IC Markets is generally considered trustworthy, it’s always important for traders to do their own due diligence. In conclusion, IC Markets is generally considered a legitimate and trustworthy forex broker. It is regulated by a top-tier authority, has received several licenses, and has a strong reputation among its users. However, potential traders should always conduct their own research and consider their individual trading needs when choosing a forex broker.

Is IC Markets Regulated and who are the Regulators?

IC Markets is indeed a regulated entity. It is overseen by multiple regulatory bodies across the globe, ensuring that it adheres to strict financial standards. This provides traders with peace of mind, knowing that they are dealing with a broker that operates under stringent regulatory oversight. The regulators of IC Markets include:. Australian Securities and Investments Commission (ASIC). : ASIC is one of the strictest financial regulatory bodies in the world. IC Markets is authorized and regulated by ASIC, which monitors its operations closely. Cyprus Securities and Exchange Commission (CySEC). : IC Markets is also regulated by CySEC. The broker complies with CySEC’s regulatory requirements and is required to meet strict financial standards, including capital adequacy and audit requirements. Seychelles Financial Supervisory Authority (FSA). : IC Markets Global complies with the FSA regulatory requirements and has in place internal risk management controls to ensure that it is sufficiently capitalized to support its operations. In addition to these regulatory bodies, IC Markets also adheres to various financial laws and regulations. For instance, it complies with the Securities Act and the Securities (Conduct of Business) Regulations. It also has strict policies and procedures in place to prevent money laundering activities, in accordance with the FSA Anti-Money Laundering and Counter Terrorism Financial Act. Furthermore, when funding your trading account, your funds are held in client segregated accounts with top-tier banking institutions. This ensures the safety and security of your funds. In conclusion, IC Markets is a well-regulated forex broker that operates under the watchful eyes of some of the world’s strictest financial regulatory bodies. This makes it a reliable and trustworthy choice for forex traders globally.

Did IC Markets win any Awards?

IC Markets, a renowned Forex CFD provider, has indeed been recognized for its excellence in the industry. The company, which was incorporated in Sydney, Australia in 2007, offers cutting-edge trading platforms, low latency connectivity, and superior liquidity. IC Markets has been instrumental in revolutionizing online forex trading, providing traders with access to pricing previously only available to investment banks and high net worth individuals. The company’s management team has significant experience in the Forex, CFD, and Equity markets in Asia, Europe, and North America. In terms of awards, IC Markets has been recognized as the Best Forex Broker. This award is a testament to the company’s commitment to offering a high-performance trading platform and its dedication to innovation, constant improvement, and utilizing cutting-edge technology. It’s also worth noting that IC Markets’ trading information for 2023 indicates a strong focus on customer service and education. This commitment to customer service and education, along with their superior trading platform, likely contributed to their recognition as the Best Forex Broker. In conclusion, IC Markets has made significant strides in the Forex industry and their recognition as the Best Forex Broker is a testament to their commitment to providing superior service and an exceptional trading platform. Their ongoing dedication to innovation and improvement suggests that they will continue to be a leader in the industry.

How do I get in Contact with IC Markets?

IC Markets, a renowned forex trading platform, provides multiple channels for customers to get in touch with them. Here are the details:. Phone Support: IC Markets offers phone support to its customers. The general contact number is +248 467 19 76. Please note that international charges may apply. They also provide dedicated phone lines for specific countries, including Brazil, Thailand, Indonesia, Colombia, Vietnam, and South Africa. Email Support: For email enquiries, IC Markets has different email addresses based on the nature of your query. Here are the details: Client Relations: clientrelations@icmarkets.com Support: support@icmarkets.com Accounts: accounts@icmarkets.com Marketing: marketing@icmarkets.com . These email addresses cater to different needs of the customers, ensuring that your query reaches the right department. Office Location: IC Markets’ office is located at Eden Plaza, Office 222, Eden Island, Mahe, Seychelles. Office Hours: The office hours are from Monday to Saturday (AEDT) 07:00 - 07:00 and Sunday to Friday (GMT) 22:00 - 22:00. Online Contact Form: If you prefer to send a message online, you can fill in the contact form on their website. You will need to provide your first name, last name, email address, phone number, and the details of your query. IC Markets is committed to providing excellent customer service and is available 24/7 to assist you. Whether you are new to IC Markets or have a question about your existing account, their dedicated customer service team is ready to help.

Where are the Headquarters from IC Markets based?

IC Markets, also known as International Capital Markets, is a renowned player in the forex and CFD brokerage space. The company has multiple locations worldwide, reflecting its global reach and diverse client base. The primary headquarters of IC Markets is located in Sydney, Australia. The exact address is Level 4, 50 Carrington St, Sydney, New South Wales 2000. This strategic location in one of the world’s leading financial hubs enables IC Markets to provide top-tier services to its clients in the Asia-Pacific region. In addition to its Sydney headquarters, IC Markets also has a significant presence in Limassol, Cyprus. The Cyprus office is situated at Omonoias 141. This European base allows IC Markets to cater to its clients in Europe and surrounding regions effectively. Moreover, IC Markets has established an office in the Seychelles. Located at Eden Plaza, Office 222, Eden Island, Mahe, this office further extends IC Markets’ global footprint. In the context of forex trading, these multiple locations enable IC Markets to offer round-the-clock services, aligning with the 24/7 nature of the forex market. The company provides a high-performance trading platform, offering access to global markets with a multi-asset trading platform. It’s worth noting that IC Markets is regulated, ensuring a secure and reliable trading environment for its clients. In conclusion, IC Markets, with its headquarters in Sydney and additional offices in Limassol and the Seychelles, is well-positioned to serve forex traders worldwide with its robust trading platform and comprehensive services.

What kind of Customer Support is offered by IC Markets?

IC Markets offers a comprehensive customer support system to cater to the needs of its clients. This includes a dedicated customer service team available 24/7. to assist with any queries or issues. The customer support team can be reached through various channels. For general inquiries, clients can reach out to them at +248 467 19 76. They also offer dedicated support lines for clients in Brazil, Thailand, Indonesia, Colombia, Vietnam, and South Africa. In addition to phone support, IC Markets provides email support for different departments. Clients can send their queries to clientrelations@icmarkets.com for client relations, support@icmarkets.com for support, accounts@icmarkets.com for account-related issues, and marketing@icmarkets.com for marketing inquiries. IC Markets also offers a live chat feature for instant assistance. This feature is particularly useful for traders who need immediate help while navigating the platform or executing trades. Furthermore, IC Markets has office locations in Seychelles and Cyprus, where clients can visit for face-to-face assistance. The Seychelles office operates from Monday to Saturday (AEDT) 07:00 - 07:00 and Sunday to Friday (GMT) 22:00 - 22:00. In the context of forex trading, this robust customer support system ensures that traders can get the help they need at any time. Whether it’s a question about the trading platform, a technical issue, or a query about a specific forex trade, IC Markets’ dedicated customer service team is ready to assist. This level of support is crucial in the fast-paced world of forex trading, where timely assistance can make a significant difference in trading outcomes. In conclusion, IC Markets’ customer support system is designed to provide timely and effective assistance to its clients, ensuring a smooth and efficient trading experience. Whether it’s through phone, email, live chat, or in-person assistance, IC Markets is committed to supporting its clients every step of the way in their forex trading journey.

Which Educational and Learning Materials are offered by IC Markets?

IC Markets offers a comprehensive suite of educational and learning materials to help both novice and experienced traders understand the nuances of Forex trading. Here’s a detailed overview:. Forex Basics: IC Markets provides resources to learn general concepts about the Forex (foreign exchange) market. Traders can become familiar with the basics of forex, understand the way in which the forex market operates, the basics of technical and fundamental analysis, and what influences the forex market. Advantages of Forex: The platform offers materials that explain the many benefits of trading the forex market. It helps traders discover why the forex market is one of the last true arenas of fair market competition and genuine price discovery. Video Tutorials: IC Markets Global offers a number of educational videos to help forex traders who are new to using the MetaTrader 4 platform. These instructional videos provide an overview of how to install MetaTrader 4, use the market watch, navigator, trade terminal and place different order types. Webinars: IC Markets also hosts webinars covering a range of topics, from beginners to advanced level. These webinars are free of charge and are conducted by industry experts, providing an opportunity for traders to learn new skills and apply them in real-time. Overall, IC Markets’ educational resources are designed to provide traders with the knowledge and skills they need to trade confidently and successfully in the forex market.

Can anyone join IC Markets?

IC Markets is a global forex broker that offers CFD trading on various markets, including forex, commodities, stocks, indices, bonds, and cryptocurrencies. IC Markets is authorised and regulated by multiple regulators across the globe, such as the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, and the Dubai Financial Services Authority (DFSA) in the UAE. To join IC Markets as a client, you need to meet certain eligibility criteria depending on your location and account type. For example, if you are a resident of Saudi Arabia and you want to open a live account with IC Markets Global, you need to be a sophisticated investor who meets the definition of such an investor as per the Capital Market Authority (CMA) of Saudi Arabia. This means that you must have:. A net worth of at least SAR 1 million. A minimum annual income of at least SAR 500,000. A minimum investment amount of SAR 100,000. If you do not meet these criteria, you can still open an Islamic account with IC Markets Global that complies with Sharia law and does not involve interest or speculation. If you are interested in trading with IC Markets EU, which is a separate entity from IC Markets Global that operates under the European Union’s Markets in Financial Instruments Directive (MiFID II), you need to be a professional trader who meets the definition of such a trader as per MiFID II. This means that you must:. Have access to professional advice or guidance on trading activities. Have access to significant resources or financial instruments. Have access to significant risk exposure or leverage. If you do not meet these criteria, you can still open a demo account with IC Markets EU that allows you to practice trading with virtual funds and real market conditions. To join IC Markets as a client, you also need to provide some personal information and documents for verification purposes. You can find more details about how to register and fund your account on their website. You can also contact their customer support team via phone, email, or live chat if you have any questions or issues. IC Markets is one of the leading forex brokers in the world that offers competitive pricing, fast execution, high-quality liquidity, and advanced trading platforms. By joining IC Markets as a client, you can access over 2,100 instruments across various markets and enjoy trading with peace of mind knowing that they are regulated by reputable authorities.

Who should sign up with IC Markets?

IC Markets Global is a multi-asset trading platform that offers a wide range of trading opportunities. It is particularly suitable for the following types of traders:. 1. High Volume Traders: IC Markets Global is a preferred choice for high volume traders due to its raw spreads starting from 0.0 pips. This means that traders can benefit from the best possible prices with no restrictions. 2. Scalpers: Scalpers, who make numerous trades each day, can take advantage of the fast order execution provided by IC Markets Global. The platform boasts average execution speeds of under 40ms. , which is crucial for scalpers who need to enter and exit trades quickly. 3. Automated Trading System Users: IC Markets Global is one of the top choices for automated traders. Their order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. 4. Diverse Asset Traders: Traders looking to diversify their portfolio would find IC Markets Global appealing due to the wide range of tradable instruments. The platform offers over 2250 tradable instruments, including Forex CFDs, commodities, stocks, indices, bonds, and cryptocurrencies. In conclusion, IC Markets Global is a robust and versatile platform that caters to a variety of trading styles and preferences. Whether you’re a high volume trader, a scalper, an automated trading enthusiast, or a trader looking for diverse asset options, IC Markets Global has something to offer.

Who should NOT sign up with IC Markets?

IC Markets is a well-regarded forex broker, known for its competitive pricing, scalable execution, and an impressive range of social copy-trading platforms. However, it may not be the right choice for everyone. Here are some types of traders who might want to consider other options:. Beginners: IC Markets’ offerings are geared towards experienced traders, particularly those interested in algorithmic strategies. Beginners may find the platform’s advanced features overwhelming and the lack of educational content a drawback. Traders who prefer proprietary platforms: IC Markets does not offer a proprietary trading app. Traders who prefer proprietary platforms for their unique features and user interfaces might not find IC Markets suitable. Traders who require negative balance protection: Some traders have expressed concerns over the lack of negative balance protection. This feature, offered by some brokers, protects traders from losing more money than they have deposited in their account. Traders from certain countries: IC Markets maintains regulatory status in two Tier-1 jurisdictions and two Tier-4 jurisdictions. However, traders from certain countries, such as the United States, are not allowed to open an account with this broker. Traders interested in copy trading: While IC Markets offers a range of social copy-trading platforms, they do not support copy trading due to their regulations. Traders who are specifically interested in this feature might need to look elsewhere. Inactive traders: IC Markets charges an inactivity fee. Traders who do not plan to trade regularly might find this fee burdensome. In conclusion, while IC Markets offers a host of benefits for experienced, active traders, it might not be the best fit for beginners, infrequent traders, or those who prefer proprietary platforms or require specific features like negative balance protection or copy trading. As always, potential traders should carefully consider their individual needs and circumstances before choosing a forex broker.

Does IC Markets offer Discounts, Coupons, or Promo Codes?

IC Markets, a major player in the personal investing and trading industry, does offer promotional deals, although these are issued very rarely. The company is highly sought-after when it comes to discount codes and promotional deals, with thousands of consumer web searches for IC Markets codes and deals each month. Promo Codes In the past, IC Markets has offered promo codes that provided significant savings. For instance, they had a promo code that offered a $200 discount in December 2023. However, it’s important to note that these codes are not always available. Discounts IC Markets has been known to offer discounts to their customers. In one instance, they offered a whopping 40% bonus to all their new customers. This bonus was given to customers who deposited the minimum required amount. Coupons IC Markets has also offered coupons that provide savings on deposits. For example, they had coupons like ‘GET10’ or ‘FALL10’ which provided a 10% discount during deposit. Sign-Up Offers IC Markets has exclusive discounts for customers who sign up on their platform. These offers are curated and can provide significant savings. It’s important to note that the availability of these discounts, coupons, and promo codes can vary and they might not always be available. Therefore, it’s recommended to check their website or reliable coupon sites regularly for the latest deals. Please note that while these offers can provide financial benefits, it’s crucial to understand the terms and conditions associated with each offer. Investing in forex markets involves risk, and it’s important to make informed decisions. Always consider seeking advice from a financial advisor or conducting thorough research before making any investment decisions.

Which Account Types are offered by IC Markets?

IC Markets offers a variety of account types to cater to the diverse needs of traders. Here are the details:. Raw Spread Account (MetaTrader). : This account type offers some of the lowest possible spreads available. The average EUR/USD spread is 0.1 pips, with only a small commission of $3.50 per lot payable per side. This account type is built for day traders, scalpers, and expert advisors. The MetaTrader 4 and 5 platforms are the preferred choice for active day traders and scalpers globally. Raw Spread Account (cTrader). : This account type is similar to the Raw Spread account for MetaTrader, but it uses the cTrader platform instead. The commission per USD 100k is $3.0. Standard Account. : This account type is commission-free and offers spreads from 0.8 pips. It’s a good choice for those who prefer a simple pricing structure. In addition to these, IC Markets also offers Islamic accounts and demo accounts. The Islamic account is swap-free and complies with the Sharia law. The demo account allows traders to practice their trading strategies online and become familiar with the forex trading platforms in a risk-free environment. All of IC Markets’ platforms take advantage of their low latency trading environment. This means that traders can expect minimal delays in their trades, which can be crucial in the fast-paced world of forex trading. Please note that each account type has its own set of conditions. Therefore, traders should carefully consider their trading style and requirements before choosing an account type.

How to Open a IC Markets LIVE Account?

How to Open a IC Markets LIVE Account? If you are looking for a reliable and regulated forex broker that offers a range of trading platforms, products, and tools, you might want to consider opening a live account with IC Markets. IC Markets is one of the leading forex CFD providers in the world, covering six asset classes and over 2000 products. In this article, we will explain how to open a live account with IC Markets in a few simple steps. Step 1: Fill the online registration form The first step to open a live account with IC Markets is to fill the online registration form on their website. You will need to provide some personal details, such as your name, email address, phone number, country of residence, and preferred trading platform. You will also need to tell them more about yourself, such as your trading experience, risk appetite, investment goals, and preferred trading style. This information will help them assess your suitability for their services and products. Step 2: Verify your email address After you submit the online registration form, you will receive an email from IC Markets containing a link to verify your email address. You need to click on the link and confirm that you own the email address. This is a mandatory step to ensure that you are not a robot or a spammer. Step 3: Complete the application and submit your documents The next step is to complete the application and submit your documents for verification. You can do this by logging into your secure Client Area on their website and clicking on the “Open Live Account” button. You will need to provide some additional information about your identity, such as your full name, date of birth, nationality, passport number or driver’s license number. You will also need to upload some documents that prove your identity and address, such as a copy of your passport or driver’s license and a utility bill or bank statement. Step 4: Get approved and receive your login details The final step is to wait for approval from their accounts team. This usually takes less than 24 hours if everything is in order. Once you get approved, you will receive an email from IC Markets with your login details for accessing your live account and Client Area. You can then start trading with MetaTrader 4. , cTrader. , or MetaTrader 5. , depending on which platform you prefer. Conclusion Opening a live account with IC Markets is easy and fast if you follow these four simple steps. By opening a live account with IC Markets, you can enjoy competitive spreads. , low commissions. , high leverage. , fast execution. , multiple payment methods. , free education resources. , customer support. , and more. If you are interested in opening a live account with IC Markets today, visit their website and start trading now!.

How to Open a IC Markets DEMO account?

Opening a demo account with IC Markets is a straightforward process that allows you to practice trading in a risk-free environment. Here’s a step-by-step guide on how to do it:. Visit the IC Markets’ website: The first step is to navigate to the IC Markets’ website. This is where you’ll find all the information you need about their trading platforms and account types. Fill the registration form: Once you’re on the website, look for the option to open a demo account. You’ll be asked to fill out a registration form with your personal details. Make sure to provide accurate information to ensure a smooth account setup process. Customize the demo account: After filling out the registration form, you’ll have the opportunity to customize your demo account. This includes selecting your preferred trading platform (MetaTrader 4, cTrader, or MetaTrader 5) and setting your initial account balance. Login into the demo account: Once your account is set up, you can log in and start trading. Remember, since it’s a demo account, you’re trading with virtual money, so it’s a great opportunity to test out different strategies and get comfortable with the platform before trading with real money. Remember, a demo account is a powerful tool for both beginner and experienced traders. It allows you to gain trading experience without risking real money, test your trading strategies, and get familiar with the trading platform. Happy trading.

How Are You Protected as a Client at IC Markets?

How Are You Protected as a Client at IC Markets? IC Markets is a leading global provider of online trading services, offering a wide range of products and platforms to suit the needs of different traders. As a client of IC Markets, you can enjoy various levels of protection depending on the type of account you choose and the jurisdiction you trade from. Types of Accounts IC Markets offers three main types of accounts: Standard, Raw Spread, and cTrader. Each account has different features, fees, and benefits that may affect your trading experience and risk exposure. Here is a brief overview of each account type: Standard Account: This is the most popular account type among retail clients. It offers competitive spreads starting from 1 pip, no commission fees, and access to over 80 currency pairs, as well as CFDs on commodities, indices, bonds, digital currencies, stocks, futures, and more. The minimum deposit for this account is $100 USD or equivalent. Raw Spread Account: This is an account type designed for professional traders who prefer lower spreads and higher leverage. It offers spreads starting from 0 pips on selected currency pairs and CFDs on commodities and indices, with commission fees starting from $3 USD per lot round turn. The minimum deposit for this account is $500 USD or equivalent. cTrader Account: This is an account type that allows you to trade directly with the interbank market using the cTrader platform. It offers tight spreads starting from 0 pips on selected currency pairs and CFDs on commodities and indices, with no commission fees. The minimum deposit for this account is $10 USD or equivalent. Jurisdictional Protection IC Markets operates in multiple jurisdictions around the world, including Australia. , Europe. , Asia-Pacific, Africa, and more. Depending on where you trade from, you may be subject to different regulatory frameworks and investor protection schemes that aim to safeguard your funds and interests in case of broker insolvency or misconduct. Australian Clients If you are an Australian client trading with IC Markets Australia Pty Ltd (ACN: 123 456 789), you are protected by the Australian Securities and Investments Commission (ASIC) under Chapter 7 of the Corporations Act 2001 (Cth). This means that if IC Markets Australia Pty Ltd goes bankrupt or becomes insolvent, your funds are held in segregated accounts at reputable banks that are covered by the Financial Claims Scheme (FCS). The FCS provides compensation up to $1 million AUD per claimant in case your broker fails to meet its obligations to you.

Which Funding methods or Deposit Options are available at IC Markets?

IC Markets is a leading global provider of online trading services, offering a wide range of products and platforms for forex and CFD traders. If you are interested in opening an account with IC Markets, you might be wondering what funding methods or deposit options are available to you. In this article, we will answer this question and provide you with some useful information about the different ways you can fund your account with IC Markets. Funding Methods and Deposit Options at IC Markets. IC Markets offers its customers several ways of depositing funds into their trading account. Common deposit methods include bank / wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli. These methods are available in 10 different base currencies: AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD and CHF. You can choose the method that suits your preferences and needs. Bank / Wire Transfer. Bank / wire transfer is one of the most popular and secure ways of funding your account with IC Markets. You can use this method to deposit funds from your bank account or from another bank account. The minimum deposit amount is $100 for AUD and USD accounts. The processing time may vary depending on your bank or intermediary banks. Paypal. Paypal is a widely used online payment service that allows you to send and receive money online. You can use this method to fund your account with IC Markets by linking your Paypal account to your trading account. The minimum deposit amount is $100 for AUD and USD accounts. The processing time is instant for most currencies. Credit Card. Credit card is another convenient way of funding your account with IC Markets. You can use this method to fund your account by entering your card details on the IC Markets website or app. The minimum deposit amount is $100 for AUD and USD accounts. The processing time may vary depending on your card issuer. Skrill. Skrill is an online e-wallet service that allows you to store and transfer money online. You can use this method to fund your account with IC Markets by linking your Skrill account to your trading account. The minimum deposit amount is $100 for AUD and USD accounts. The processing time is instant for most currencies. Neteller. Neteller is another online e-wallet service that allows you to store and transfer money online. You can use this method to fund your account with IC Markets by linking your Neteller account to your trading account. The minimum deposit amount is $100 for AUD and USD accounts. The processing time is instant for most currencies. UnionPay. UnionPay is a global payment network that supports various payment methods such as cards, e-wallets and bank transfers. You can use this method to fund your account with IC Markets by selecting UnionPay as one of the funding options on the IC Markets website or app. The minimum deposit amount is $100 for AUD and USD accounts. The processing time may vary depending on the payment gateway. Bpay. Bpay is an Australian online payment service that allows you to pay bills, shop online and send money via mobile phone or internet banking. You can use.

What is the Minimum Deposit Amount at IC Markets?

The minimum deposit amount at IC Markets is $200 in Australia and US, £200 in the UK, and €200 in Europe. This requirement is set by the base currency when funding a Raw Spread (true ECN account) or Standard account. Here are the details of the ‘top 5’ base currencies, traders choose when opening an account and their respective funding requirements. Pound Sterling (GBP): The minimum deposit in the UK at IC Markets is £200. When using the Standard or Raw Spread account with Pound sterling as the base currency, you can select a credit/debit card, NETELLER, Skrill, Klarna, or a wire transfer to fund your account. Euro (EUR): The minimum deposit for European traders with IC Markets is €200. Funding options for European traders are the same as in the UK. US Dollar (USD), Australian Dollar (AUD), and Singapore Dollar (SGD): The minimum deposit requirement for these three base currencies is $200. All three base currencies allow deposits with a credit card, debit card, PayPal, NETELLER, Skrill, and wire transfer. If you are using AUD as the base currency you can also choose BPAY or POLi. USD traders have the option of FasaPay and Thai/Vietnamese Internet Banking. IC Markets does not charge any payment fees. However, it is worth noting that international transactions can result in a $20 charge from the bank itself which is forwarded to the client. In comparison to other leading forex brokers based on the four major currency pairs, IC Markets’ minimum deposit requirement of $200 is around the ideal mark for decent trading. Some brokers such as Saxo Markets have a higher deposit requirement to discourage small traders. Other brokers such as Axi offer no minimum deposit to reduce the barriers to signing up for accounts. Please note that this information is accurate as of the time of writing and may be subject to change. Always check the latest information on the IC Markets website or contact their customer service for the most accurate information.

Which Withdrawal methods are available at IC Markets?

IC Markets, a renowned player in the forex trading industry, offers a variety of withdrawal methods to cater to the diverse needs of its global clientele. Here’s a detailed look at these options:. Bank Transfer: This traditional method of fund transfer is available to all IC Markets clients. However, international bank wire transfers may take up to 14 days and may incur additional intermediary and/or beneficiary fees. Credit/Debit Cards: IC Markets allows withdrawals to be processed free of charge to the credit/debit card used for deposit. The processing time for these transactions can range from 3-5 business days, but in some rare cases, it may take up to 10 business days. E-Wallets: IC Markets supports several e-wallet platforms for withdrawals. These include PayPal, Skrill, and Neteller. These methods are generally quicker and may be more convenient for many users. Other Methods: IC Markets also supports a range of other withdrawal methods such as Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, and Klarna. It’s important to note that the availability of these withdrawal methods may depend on the deposit method initially used to fund the account. Also, IC Markets does not charge additional fees for deposits and/or withdrawals, but additional fees may occur at some banking institutions. Please remember that the rules and conditions for these withdrawal methods are subject to change from time to time. For the most accurate and up-to-date information, it’s always best to check directly with IC Markets.

Which Fees are charged by IC Markets?

IC Markets, a leading forex trading platform, charges various types of fees. Here’s a detailed breakdown:. Spreads: IC Markets offers variable spreads on their Meta Trader 4, Meta Trader 5, and cTrader forex trading platforms. They are able to offer tight spreads in each of these platforms by providing them with Raw Pricing connectivity. Over 25 liquidity sources are pricing into their network at any given time to ensure the spreads remain tight and liquidity deep 24/7. Spreads can go as low as 0.0 pips on their MetaTrader and cTrader Raw Spread platforms. The Raw Spread Account offers spreads as low as 0.0 pips, while the Standard Account offers spreads starting from 0.8 pips. Commissions: IC Markets applies commissions in Forex and Precious Metals, and the rates vary by trading account type. Trading with IC Markets will involve fees from $3 USD. Trading Costs: IC Markets’ spreads are among the lowest across all major and minor currency pairs. In particular, their average EUR/USD spread of 0.1 pips is one of the lowest in the world. No Deposit or Withdrawal Fees: IC Markets does not charge any deposit fees or withdrawal fees on any of the payment methods that are supported when traders fund their accounts or remove funds. Please note that the most accurate details are those displayed in your account through the electronic trading system. It’s always a good idea to check the latest information on the IC Markets website.

What can I trade with IC Markets?

IC Markets offers a wide range of trading options for its users. Here are the key offerings:. Forex CFDs: IC Markets offers trading in Forex CFDs with spreads from 0.0 pips. They provide access to 60 currency pairs. Commodities CFDs: You can trade CFDs on 24 different commodities, including metals. Stocks CFDs: IC Markets offers more than 2100 Stocks CFDs. Index CFDs: You can trade CFDs on 25 major indices, including the FTSE 100, S&P/ASX 200, and Dow Jones Index. Bond CFDs: IC Markets offers trading in 9 different Bond CFDs. Cryptocurrency CFDs: You can trade CFDs on 21 different cryptocurrencies. Please note that IC Markets does not offer options trading. Also, it’s important to mention that IC Markets is one of the largest Forex CFD providers in the world by trading volume. Remember, trading involves risk and it’s important to understand the products you are trading and the associated risks. Always consider your financial situation and risk tolerance before trading. Happy trading!.

Which Trading Platforms are offered by IC Markets?

IC Markets offers a variety of trading platforms to cater to the diverse needs of traders worldwide. Here are the key platforms:. MetaTrader 4 (MT4). : This is an award-winning platform that is extremely popular among forex traders due to its ease of use, feature-rich environment, and automated trading ability. It offers market-leading spreads, low commissions, leverage up to 1:500, a minimum lot size of 0.01, and lightning-fast order execution. The MT4 Client Terminal requires Windows 7 or higher, but it can also run on Mac OSX. MetaTrader 5 (MT5). : This is an upgraded version of MT4, offering additional features and capabilities. Like MT4, it also comes standard for iOS and Android. cTrader. : This platform is designed for CFD and forex trading. It offers a clear, intuitive user interface and a range of sophisticated features. All these platforms are available on various devices, including web browsers, desktop computers, and mobile devices. They offer raw pricing, allowing traders to trade on institutional-grade levels. The platforms are connected to a diverse mix of up to 25 different pricing providers at any one time, making IC Markets the provider of choice for high volume traders, scalpers, and robots. IC Markets’ servers are located in the Equinix NY4 data centre in New York, ensuring ultra-low latency and fast execution of trades. The average latency is less than 1 millisecond to major VPS providers. In addition to these platforms, IC Markets also offers a range of other services such as IC Social, Signal Start, and ZuluTrade. These additional services provide social trading capabilities, allowing traders to follow and copy the trades of successful traders. Please note that trading involves risk and isn’t suitable for everyone. Always consider your financial situation and risk tolerance before trading forex.

Which Trading Instruments are offered by IC Markets?

IC Markets offers a wide range of trading instruments, providing traders with access to the most popular and liquid markets across the world for the best trading opportunities. Here are the details:. Forex CFDs: The Forex market provides traders with the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of the tightest spreads, superior execution, and deep interbank liquidity across 61 currency pairs. Indices CFDs: Gain exposure to the world’s largest equity markets through IC Markets’ offering of global Index CFDs. With spreads from 0.5 points on 25 indices, traders can take a wider view of the performance of the equity markets whilst enjoying commission-free and 24/5 trading across major markets. Commodities CFDs: Trade energy, agriculture, and metals contracts in the same way you trade currency pairs against the USD or as a Futures CFD. Stocks CFDs: Access over 2100 stocks from American and European Exchanges. Bonds CFDs: Bonds offer traders the opportunity to speculate on interest rates and global risk on/risk-off sentiment, hedging or balancing exposure on equities and diversify their strategy. Crypto CFDs: Go long or short across a range of the world’s largest and most popular Cryptocurrencies. Please note that trading involves risk and losses can exceed deposits.

Can I trade Crypto with IC Markets? Which crypto currencies are supported by IC Markets?

IC Markets and Crypto Trading. IC Markets offers the opportunity to trade cryptocurrencies, but not directly. Instead, they offer trading via Contracts for Difference (CFDs), which allow you to speculate on the price movements of cryptocurrencies without owning the actual assets. This means that you can take advantage of price fluctuations to potentially profit, regardless of whether the market is rising or falling. Supported Cryptocurrencies. IC Markets supports a range of popular cryptocurrencies for CFD trading. These include:. Bitcoin (BTC): The first and largest cryptocurrency, Bitcoin has a market cap of over $100 billion. Ethereum (ETH): Often labelled as ‘the next Bitcoin’, Ethereum is the world’s second-largest cryptocurrency. Litecoin (LTC). Bitcoin Cash (BCH). Dash (DASH): Known for its focus on instant transactions and owner privacy. Ripple (XRP). NameCoin (NMC). EmerCoin (EMC). EOS (EOS). PeerCoin (PPC). In addition to these, IC Markets expanded its crypto offering to include Binance Coin, Cardano, Dogecoin, Tezos, and Uniswap from October 15th, 2021. Trading Conditions. IC Markets allows cryptocurrency CFD trading seven days a week. The leverage available on cryptocurrency pairs such as BTCUSD, ETHUSD, LTCUSD, and BCHUSD is 1:200 for clients registered with Raw Trading (not UK clients). Please note that trading involves risk and it’s possible to lose your invested capital. Conclusion. In conclusion, while you cannot directly trade cryptocurrencies on IC Markets, you can trade crypto CFDs. This allows you to speculate on price movements of a variety of popular cryptocurrencies. As always, it’s important to remember that trading involves risk and you should only trade with money that you can afford to lose.

What is the Leverage on my IC Markets Trading Account?

IC Markets offers flexible leverage options ranging from 1:1 to 1:500. This means that for every dollar in your account, you can trade up to $500. This leverage ratio essentially governs the margin required in an account to trade. For example, a 1:100 leverage means for every $100 traded, $1 margin is required (or 1%). A 1:200 leverage, therefore, means for every $200 traded, $1 margin is required (or 0.5%). Here, a trader can effectively control 200 times more money than what is in the account. In the context of forex trading, leverage is vitally important, yet it remains a misunderstood concept for many traders. It’s not a loan from your broker as derivatives are based on agreements. If you enter long GBP/USD at $1.2000, you agree to buy GBP and sell USD. Remember, spot FX trades in agreements. Margin is a percentage of your equity put aside by your broker to execute trades. This is to cover the possibility of loss in your account. Margin is not a cost or a fee. As long as the equity level remains above margin, the account will not hit the broker’s stop-out level. You can change the leverage on your trading account via your Client Area. This flexibility allows traders to use higher leverage to suit their trading style and get the best out of their manual and automated trading strategies. Please note that while leverage can magnify profits, it also magnifies losses. It’s important to understand the risks involved and manage your trades accordingly. Always trade responsibly and consider your risk tolerance and financial situation.

What kind of Spreads are offered by IC Markets?

IC Markets offers a variety of spreads across different trading platforms and products. Here’s a detailed overview:. Forex Trading Spreads. IC Markets is known for its low spreads in Forex trading. They offer variable spreads on their MetaTrader 4, MetaTrader 5, and cTrader forex trading platforms. The pricing consists of over 25 different liquidity providers, ensuring that spreads remain tight and liquidity deep 24/5. The average EUR/USD spread of 0.1 pips is one of the lowest in the world. Spreads can go as low as 0.0 pips on their MetaTrader and cTrader Raw Spread platforms. Commission Rates. Commission rates vary based on the account base currency and the lot size. For a standard lot (1 or 100,000 base currency), the commission rates are as follows. AUD Account: AUD 3.50 (AUD 7.0 round turn). USD Account: USD 3.50 (USD 7.0 round turn). For a micro lot (0.01 or 1,000 base currency), the commission rates are as follows. AUD Account: AUD 0.035 (AUD 0.07 round turn). USD Account: USD 0.035 (USD 0.07 round turn). Indices Trading Spreads. IC Markets also offers competitive spreads across all of their cash Indices. For example:. E-mini S&P 500 Index: from 0.4 points. FTSE 100 Index: from 1 point. Xetra DAX Index: from 1 point. S&P 200 Index: from 1 point. Please note that instrument specifications are subject to change. The most accurate details are those displayed in your account through the electronic trading system.

Does IC Markets offer MAM Accounts or PAMM Accounts?

Yes, IC Markets does offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts. These accounts are designed to allow professional account managers to oversee and conduct trading on behalf of multiple clients. IC Markets MAM Accounts. The IC Markets MAM account offers an easy-to-use interface with real-time reporting of performance and commissions. The MAM software connects directly with the IC Markets MT4 server, which means that block orders can be executed with the click of a button from the master account without additional latency. The MAM account supports 10 allocation methods, including allocations by volume (such as lot allocation, percent allocation, equity percent, proportional by balance, proportional by equity, allocation of equal risk, lot multiplier, and lot multiplier with volume fix) and allocations by P/L (such as percent allocation by P/L and proportional allocation by P/L). IC Markets PAMM Accounts. The IC Markets PAMM accounts provide an automated trading interface that allows account managers to focus on successful trades rather than account administration. This account type is simple to operate and provides real-time reporting. Features of IC Markets MAM/PAMM Accounts. Both MAM and PAMM accounts at IC Markets offer several features, including:. Automated Trading (Expert Advisors). Trading as little as 0.01 lots. Market, Stop, and Limit Trade Orders. STP on Money Manager’s master account. Real-time performance reporting and trading parameter adjustment. Live order management including P&L. Requirements for Managers. Managers must meet certain requirements to use MAM/PAMM accounts at IC Markets. They must have at least five clients with over $20,000 equity. They must also have a financial services license or legal opinion in the operating jurisdiction. All trader accounts must complete a Power of Attorney and Fee Disclosure Form. In conclusion, IC Markets offers both MAM and PAMM accounts, providing professional account managers with the tools they need to effectively manage multiple clients’ accounts in the forex market. These accounts come with a range of features and requirements designed to facilitate successful trading and efficient account administration.

Does IC Markets allow Expert Advisors?

Yes, IC Markets does allow the use of Expert Advisors (EAs). IC Markets is a well-known forex broker that provides a platform for traders to automate their trades using Expert Advisors. This feature is particularly beneficial for traders who use trading as a part-time job, as it eliminates the need to constantly monitor the market. The Raw Spread account offered by IC Markets is specifically designed for day traders, scalpers, and Expert Advisors. This account offers some of the lowest possible spreads available, with an average EUR/USD spread of 0.1 pips. A small commission of $3.50 per lot is payable per side. IC Markets’ MetaTrader 4 and 5 servers are located in the Equinix NY4 data center in New York, which brings traders closer to the liquidity partners, eliminating any unnecessary latency. This setup is preferred by active day traders and scalpers globally. Before transitioning to a live trading environment, forex traders can practice placing trades and test their Expert Advisors on IC Markets’ platform. This allows traders to familiarize themselves with the system and optimize their trading strategies. In conclusion, IC Markets provides a conducive environment for the use of Expert Advisors in forex trading, making it a suitable choice for traders looking to automate their trading processes.

Does IC Markets offer Copytrading?

IC Markets indeed offers Copytrading. This feature is provided through the cTrader platform. , which is designed for easy and transparent copy trading. The cTrader Copy Trading platform allows investors and strategy providers to interact in a unique way. It offers a range of features including automating top trading strategies, complete transparency and control, intelligent risk management tools, analytics and insights, comprehensive strategy profiles, and multiple platforms for web, desktop, and mobile. The precise copying is defined according to both the strategy provider’s and the investor’s equities. A complete strategy profile with historical performance of the strategy provider is viewed. The platform automatically calculates equity and adjusts current open positions when funds are added or removed from the Copy Trading account. In addition to cTrader, IC Markets also supports other copy trading options such as the Signals market from MetaTrader, Myfxbook (AutoTrade), ZuluTrade, and the IC Social mobile app powered by Pelican Exchange. However, the availability of these platforms will depend on the user’s country of residence. It’s worth noting that IC Markets is a competitive broker that demonstrates a strong commitment to improvements. For active traders who want to trade easily, IC Markets is one of the suitable options. Opening an account with IC Markets is quick and easy. It’s completely digital so it doesn’t take much time. In conclusion, IC Markets provides a robust platform for copy trading, offering a range of tools and features to help both investors and strategy providers. Whether you’re an experienced trader looking to diversify your strategies, or a new trader seeking to learn from the best, IC Markets’ copy trading options can be a valuable resource.