IC Markets Review 2022

IC Markets Review 2022

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IC Markets Review 2022

IC Markets, an established and trusted online trading brokerage based in Sydney Australia (Regulated under ASIC). International Capital Markets PTY founded the company in 2007. Their headquarters are located at Level 6 309 Kent Street Sydney NSW 2000.

Online brokerage is well-known in Australia. It is highly regarded for offering the highest leverage available in Australia, low spreads, fees and many other benefits.

Trading brokerages aim to bridge the gap between institutional investors and retail clients by providing investment solutions previously only available by high-net worth individuals and investment banks.

IC Markets offers forex trading to its traders, but also explores some options for futures, indices, and commodities.

Regulation & Reputation

The Australian Securities & Investments Commission (ASIC), licensed the IC Markets brokerage in 2009 under licence number 3355692.

This brand is known for being one of the most trusted online trading brokers. ASIC is a trusted and strict regulatory agency that imposes strict guidelines and procedures on the platform.

ASIC regulation is not the only thing that the brokerage has. The brokerage is also a member the Financial Ombudsman Service. This service allows clients to lodge complaints with IC Markets in a professional and prompt manner.

This provides traders with an extra layer of protection and customer satisfaction, knowing that they will be covered in the event of any problems.

IC Markets also has two other regulated brands.

  • IC Markets is owned and regulated in the Seychelles by True ECN Trading Ltd.

  • IC Markets is available for European traders. It is regulated and supervised by CySec (and is in compliance with recent ESMA restrictions regarding leverage etc).

These brands allow traders to seamlessly switch between them, which allows them to select the level of regulatory oversight or protection that they prefer.

Trade Platforms

IC Markets provides traders with three trading platforms. Three trading platforms give traders the opportunity to use a variety of analysis tools and tools to execute trades forex bonus.

Below are the available platforms.

MetaTrader 4 is the most popular trading platform for IC Markets. MetaTrader 4 offers traders 1-click trading and customisations for market analysis.

It features many technical indicators, advanced charting tools and extensive back-testing options.

Traders can also trade from their mobile devices with MetaTrader4's apps for Android and Apple. They can also trade via the web-based MetaTrader platform from any computer.

This platform is the latest in the MetaTrader series and is basically an enhanced and expanded version the MetaTrader4 platform.

This trading platform was designed for ECN trading environments. This platform includes automated trading software, and it is available on both mobile desktops and the web.

Traders who wish to use auto-trading can choose from ZuluTrade or Myfxbook's AutoTrade. Signal Trader's mirroring technology is also available.

Trading accounts available

IC Markets offers three types of account to suit the needs of traders. You can choose between a Standard, True ECN, or cTrader ECN account. Although each account has its own unique features, they all have the same basic features.

The spreads on the True ECN account are slightly lower than other accounts, but they are still very low. These accounts allow traders to practice trading with IC Markets through their demo account.

This account allows traders to practice trading with virtual money in a live environment.

Bonuses & Promotions

Unfortunately, IC Markets does not offer any kind of bonus to their traders. This should not be considered a negative thing. They are proud to have built a solid reputation and are well-known for their offerings.

They don't want to encourage overtrading or misrepresent their products through incentives.

Assets

The IC Markets trading brokerage offers a broad range of trading assets and instruments to their clients. Over 80 instruments are offered by the brokerage, including currency pairs, CFDs for indices and stocks, commodities, futures and precious metals, as well as CFDs on cryptocurrencies such Bitcoin and Ethereum.

Forex is a large part of the IC Markets offering. Currency pairs make up the majority of the assets that can be traded. This can be backed up by leverage up to 500:1, lot sizes starting at 0.01 (maximum lot is 1, but traders may trade multiple lots).

Spreads can be reduced to 0.0 on the cTrader platform. This reduces commissions and spread costs for frequent traders. Spreads for EUR/USD are very low at 0.1 pip for an example. This can have a significant impact on day trading profits.

Customer Support

IC Markets is a leader in customer service. Their clients can get multilingual support via email, live chat or by calling their global hotline. You can also access an informative support center to find answers to many of your questions.

Deposit and Withdrawal

IC Markets offers traders a variety of deposit options in 10 currencies. They offer a wide range of currencies, including USD, EUR and CAD as well as GBP, CAD, GBP. SGD, NZD. JPY. HKD and CHF.  IC Markets Minimum Deposit They include Credit and Debit Cards and Bank Wire Transfers. Broker to broker transfer. Branch Cash Deposit. BPay Deposit. Skrill. Neteller. WebMoney. QIWI. China Union Pay. FasaPay.

These deposit methods can be used with multiple currencies and are usually instant.

You can withdraw money using many of the same options as deposits. You can withdraw domestic bank funds and e-wallet money within one business day. They are also free. International withdrawals can take up to 3 business days and are $25 AUD.

Is IC Markets the best for day trading?

IC Markets is a top brokerage for day trading because of several factors:

  • Low Spreads Active traders who trade regularly understand the importance of reducing trading costs. Day traders don't lose out on trading commissions or high trading costs, with average spreads of 0.1 EUR/USD. High frequency trading is possible with IC Markets.

  • Education The brokerage offers many video tutorials that focus on teaching traders about the different aspects of day trading. They also offer many guides and articles to assist their traders.

  • Trading tools - This broker offers advanced charting, analysis tools and calculators. A variety of technical indicators are available for technical analysis.

  • A wide range of assets This brokerage is great for day traders, whether they are newbies or veterans.

Accepted countries

IC Markets allows traders from Australia and Thailand to trade with us.

Traders cannot use IC Markets from the United States, Canada Zimbabwe, Iran, Iraq and Ghana.

Alternatives to IC Markets

Below is a list of top 5 brokers similar to IC Markets. This list of brokers similar to IC Markets is arranged in an order of similarity. It only includes companies that allow traders from your area.

 

IC Markets work alongside global markets. Trading will be open when all markets are open around the globe, and trading hours will reflect market hours. The IC Support Desk is open 24/7, 5 days a semaine, and is available for assistance.

IC Markets are not subject to many complaints. Their policies as a regulated brand are transparent. Trader funds are kept separate from company funds.

Brokers are often accused of being "stopped out" by traders. When an asset price reaches a stop-out level, it means that the trade closes and the asset price moves in a favorable manner again. This is a common criticism of brokers, but it is more about setting stop loss levels that are too close to market.

Other issues such as website not connecting (e.g. "no connection") are more of a broker connectivity problem than a broker. The server's 'uptime' is recorded and monitored. It is rare that the platform does not work, but it can happen.

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