IC Markets is now providing you more than 65 currency pairs as of now (2020) and 41 CFDs. IC Markets Broker is one of a few traders that provides you the opportunity of “Social Trading” as well with the help of the “Myfxbook” and “Zulu Trade” platforms. Read the complete IC Markets Review now.
Regulated by ASIC, CySEC, FSA
Fabricated back in 2007, IC Market is considered a "CLASSIC " Foreign exchange brokerage of modern time which is mainly based in Sydney, Australia. IC is a well-reputed and HIGHLY regulated ( by ASIC ) brokerage committed to providing the possible BEST trading experience to the market traders.
The brokerage company is conducted by the International Capital Markets PTY and the headquarters are situated at level 6 of 309 kent street in Sydney.
IC market is widely known for providing the maximum number of leverage along with low spreads and fees compared to all the other brokers of Australia. Besides, IC is also providing Futures, Commodities, and Indices.
Bank Wire, VISA, MasterCard, BPAY, ePayments, FasaPay, Klarna, Local Bank Transfers, Neteller, PayPal, Poli, Rapid Pay, Skrill, Transfer from Existing Broker, UnionPay
Bank Wire, VISA, MasterCard, Local Bank Transfers, Neteller, PayPal, Skrill
IC Markets is one of the most popular brokers whether it's in the Australian residence or out of it. Besides, they prove 3 types of trading accounts that are currently considered a wise choice among the traders. Here are they:
So, choose one which suits you BEST!
The standard trading accounts are best suited for Forex beginners as it was specially designed for them. The account offers large spreads and charges ZERO commissions.
On the other hand, the raw trading accounts are made for the professional figures of the Forex industry. Besides, the account offers low spreads but you'll have to pay a commission of $3.50 per lot.
Moving on, the cTrader accounts are also made for expert traders so that they can enjoy trading even more. The cTrader offers very low spreads but charges a commission of $3 per lot. Moreover, C# language is being used in these accounts.
And the minimum deposit amount of IC is $200 or equivalent to that amount and the average spreads are EUR/USD is 0.1 pips, GBP/USD 0.5 pips, EUR/GBP 0.5 pips.
Note: Though IC Markets haven't disclosed anything about their leverage specifically but you can count them using the following formula:
Margin = trade size/account leverage
But as per multiple sources, the leverage is approximately 500:1 where the lot size is 0.01 pips.
Besides, IC offers market executions to its users, and sorry to disappoint you all but they don't offer any instant execution.
This is probably a drawback
IC Markets doesn't hold back while providing an ULTRA wide range of trading assets or instruments to its clients. Though IC is primarily known for providing a wide range of trading instruments for Forex, they also provide CFDs, Indices, Stocks, Futures, metals, gold, crypto, etc.
Here are the products provided by IC at a glance:
Forex: IC provides you access to 90+ trading currencies which is probably the most compared to other brokers.
Commodities: IC lets you trade on commodities along with Futures.
Metal: You'll be able to trade on precious metals with IC Markets.
Indices: You'll be eligible to trade on more than 12 international indices including FTSE 100 and NASDAQ.
Gold: You'll be able to trade XAU with any other preferred currency.
Crypto: You'll be given access to trade on BTC, ETH, LTC, XRP, and more!
CFDs: Over 10,000 CFDs are available to trade with IC.
And that's not even it!
To experience the ULTRA advantages of IC markets, join them from this very moment.
IC Markets is one of the brokerages that are considered properly regulated and that too with the possible highest regulatory bodies out in Australia.
Which is none other than ASIC ( Australian Securities & Investments Commission ) under the license number of 335692.
Despite being regulated with ASIC, IC is also a member of the FOS which stands for the Financial Ombudsman Service. As a reason, the traders are given another layer of security through the FOS.
Moving on, the true owner of IC Markets is True ECN Trading Ltd and which is regulated by FSA.
In the Australian region, IC Market is widely known for providing both smart and innovative trading platforms. And just to be cleared, not only in Australia even in other regions, traders feel more than comfortable using their trading platform as their GO-TO.
Moving on, IC Markets is currently providing the MT4, MT5, and the reclusive cTrader. The cTrader trading platform is only provided by IC and it is known as one of the most innovative trading platforms of all time.
Let's get a BETTER overview of the trading platforms of IC:
MetaTrader 4
The MT4 is a must-have feature that every brokerage tends to own as there is no possible alternative for it. Besides, the MT4 provided by IC is pretty decent, customizable and it comes with charting tools, EA's along with strategy back-testing. More importantly, it offers multi-language support for clients across the globe.
MetaTrader 5
The MT5 is more of an innovative as well as a tech-based trading platform that is created to perform and can be referred to as a true successor of the classic MT4. Besides, it offers advanced trading charts, 10+ timeframes, EA's availability, and much more!
cTrader
The cTrader is an innovative and smart trading platform that is exclusively available on IC's trading platforms. The cTrader also supports automated trading and is available for both desktop and mobile devices.
Wait a sec, There's more!
With the help of the cTrader platform, traders are eligible to choose from ZuluTrade or Myfxbook’s while using Forex EA's.
Apart from that, the cTrader platform offers:
IC Markets is now providing mobile trading opportunities to traders across the globe. As for mobile trading, it's the MetaTrader4 which is quite identical to the web version of MT4.
And... it gets even BETTER!
Because the mobile trading platform is available for both android and ios devices. Besides, to use the platform, you've to first download it from the google play store or app store and then access it with the Live server of IC.
Also, similar to the web version of MT4, you'll also be given access to use the multi-language option in your mobile trading app. Though, it can be a hassle sometimes as you'll also have to change the default language of your device.
Source: brokerchooser.com
IC Market undoubtedly is one of the tightest and strictly regulated Australian Forex brokerages and they've proved their worth by showing consistent results.
Besides, IC doesn't offer you any sort of bonus or promotions but what could be the reason?
Well, from our frank perspectives, the possible reason maybe they don't want to offer anything which can cause the defame. As we all know, bonuses are probably the center of every spamming act.
And we all can relate to that!
Therefore, if you're a trader who opts for trading bonuses then IC might not be the right pick for you.
While depositing your money in your trading account, IC has got your back as they provide various deposit options as well as accept a lot of currencies which includes, USD, CAD, AUD, GBP, NZD, SGD, JPY, CHF, and HKD.
And… it does not happen quite often!
And as for the deposit methods, they accept Debit and Credit cards, Broker to Broker transfer, BPay Deposit, Neteller, Skrill, Branch Cash Deposit, QIWI, WebMoney, FasaPay, and China Union Pay.
Note: The same transaction methods can also be used for withdrawals.
Moving on, The withdrawal process of IC usually takes about one day or sometimes more than one day depending on the political and economical circumstances. The cost per withdrawal is 25 AUD or equivalent to that amount.
IC Market ensures its client with a reliable and committed customer support program that is ready 24/7 for serving the needs of every single user across the globe.
Besides, you can contact them via +248 467 19 76 (where international charges may apply) or mail them at support@icmarkets.com. Also, you'll be able to talk directly with their customer support representative through live chat.
IC Markets provide diverse educational materials for the traders so that the traders can learn the fundamentals of the Foreign exchange industry. And to execute the sole purpose, they provide:
Let's start a combing camparison between Two brokers' widely used tools, mobile apps, platforms, spreads, and more.
IC Markets does not offer negative balance protection. Should you have a negative balance on your account, we suggest you contact us as soon as possible.
You can withdraw funds from your trading account by submitting a withdrawal request from your Client Area. There are a number of withdrawal methods available; however, the methods available depend on the deposit method that you used to initially fund your account.
However, this may vary depending on your jurisdiction and the bank you use, and it may take up to 14 days and incur additional intermediary fees. Credit / Debit Card withdrawals* are processed free of charge. Once processed, Credit / Debit Card withdrawals may take 3-5 business days to reach your credit card.
Trading – Scalping Allowed. IC Markets MetaTrader 4 and 5 platforms have no restrictions on trading. We have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0.
IC Markets is authorized and regulated by the Australian Securities and Investments Commission (ASIC) and The Seychelles Financial Services Authority (FSA). Trade with peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory bodies in the world.
IC Markets is an Australian forex broker that was founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC). Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
IC Markets holds client money in segregated client trust accounts with a number of AA-rated Australian banks. We diversify the client money in segregated client trust accounts across multiple banks to reduce the credit risk and counterparty exposure. How does IC Markets use my personal information?
IC Markets is authorized and regulated by the Financial Services Authority (FSA) of Seychelles. Trade with peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory bodies in the world.
Over the two years of trading with LiteFinance, I've found their support team and dealing department to be respectful and responsive to all my questions. Withdrawal requests are processed swiftly as well!
Trading with Litefinance since 2014 has been a satisfying experience. Their fast automatic fund withdrawal, convenient web terminal and mobile app, low spreads on ECN accounts, and good trade performance have impressed me. Even during problematic situations, Litefinance has quickly resolved issues in my favor. I highly recommend trading with this broker.
A great and safe broker with transparent live chat for sharing trading ideas. Keep it up, Litefinance!
Litefinance's daily transaction receipts help me track my account effectively. I recommend them.
I'm a recent user, and though I can't comment on profits yet, their customer service has been impressive.
I recently joined FPMarkets, and I can already say that I highly recommend it. The withdrawal process took less than 2 days, and I'm very pleased with FP Markets.
Fast withdrawal and excellent service! The Customer Support team is not responsive.
I've explored FP MARKETS, and I must say it's pretty cool with high-quality tools and features. With a rating of about 4.7 points and being a regulated company, I consider it trustworthy. Keep up the good work, FP MARKETS!
The interface is excellent, and I've always found their customer support to be responsive. Deposits and withdrawals are fast and smooth. I've been using Exness for a year now and couldn't be happier with their service.
I have had a great experience with this broker, and their market analysis tools are easy to use. Thanks, AssetsFX!
I really wish they offered a cent account on the mt5 platform; it would make them the best broker out there. That's why just putting a star off the rating.
This broker is incredibly user-friendly, and their withdrawal process is straightforward and hassle-free.
It’s all a scam , I invested 90,750 US dollars with scam broker FXG trade and never got my money back and they kept asking for more which I couldn’t meet up with their demands, so they never got back to me anymore and i was so desperately in need of help to recover all the money back to me, fortunately I came across a colleague that introduced me to a binary options trade funds recovery expert who goes by the name Mr Maxwell Devine when i met him i did not believe that he could get back my money because i have been scammed a lot already and didn’t know what to do, but my spirit told me to give it a try and i did, feel free to contact him via his email address:{devinemaxwell28 (@) gmail.com}. and he will help you to recover all your lost investment that was denied from you by your scam broker.
My experience with AssetsFX has been positive. For EAs, scalpers, and auto-trading, provide outstanding virtual private server (VPS) solutions. This is a terrific chance for the trader. I have a special place in my heart for this broker. For a long time, I want to trade with them.
AssetsFX is a simple-to-use broker, to put it simply. AssetsFX is a fantastic place to start if you are new to this industry because they feature upper-edge customer service, a live chat option that promptly resolves your issue, blogs, and instructional seasons. Additionally, new users can benefit from their Demo account setup too. In short, it's an amazing broker.
The main obstacles to trade are middlemen and an absence of dealer control. The broker without a tracking desk to oversee traders is AssetsFX. Traders are able to use their own trading methods. My interest in collaborating with them is mostly motivated by this. Thanks for the best service.
I'm a U.S user, and while exploring brokers heard about AssetsFX. But unfortunately, like so many brokers, AssetsFX doesn’t accept US clients. For me, It's the most disappointing thing. Why you don't accept the U.S client.
I chose AssetsFX because it offers to trade on consistently low spreads from 0.0 pips, and it's authentic. Along with that, they don't prefer any kinds of hidden fees.
Multi traders like me who want to keep an eye on all trading platforms can choose AssetsFX because you can easily control Forex, Crypto, Indices & Commodities from here. Thanks! Team for the best service.
The main thing that attracts me to trade with AssetsFX is the multilingual customer support. I think it is essential for a broker because all clients are not comfortable with a fixed language, and it is beneficial to find out the problems and solve them quickly.
The extensive Liquidity supported by 20 central banks and hedge funds is covered by AssetsFX. The trade is made simple for me by this feature. But the mobile trading app ought to be bilingual.
Recently I learned about Assetsfx. This broker offers so many facilities to their clients. They provide a 20% Deposit bonus. I like their approach.
Assetsfx provides a wide range of trading options. There is also excellent customer service and an Instant Cash Back option.
I've traded with various well-known brokers, and I can tell that Assetsfx is a trustworthy broker, especially their Web Trading system. You should DEFINITELY check that out!
I heard that AssetsFX pays a $1 reward for each lot traded when you register a new live account with a minimum deposit of $500, which is real. Thanks, team for providing the best service!
AssetsFX accepts a wide range of trading techniques and assures that you can trade as you choose. In my opinion, trading should be done according to one's preferences. It comes highly recommended from me.
PerfectMoney, Bitcoin, Ether/Ethereum, Ripple, Tether (USDT), and Other Crypto Currencies, as well as Local Transfer alternatives, are all available for deposit and withdrawal at AssetsFX. This is huge for a trader, in my opinion.
AssetsFX does not offer the MetaTrader 5 trading platform. I'd want it to be here, though. I think adding this broker will bring extra facilities.
Many brokers have limitations, but AssetsFX has none. You can make as many payments per month or per client as you want. For me, it is the most visible aspect of this broker.
I have been trading on this platform for just a few months. I'm very pleased with their online service and quick customer feedback.
I've been using this platform for a long. And in this time, I have seen remarkable changes in their system. FBS uplifted its platform to another level. Looking forward to their further progress.
It's an average broker.
I've only collected positive ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM Trading is straightforward. However, it is simple to use. It has simplified my trading experience. The customer service personnel is friendly and helpful. They provide outstanding service.
Their Customer Service is effective and efficient in general. They delivered my verified account in a quick period of time, which is impressive. I'd like to stick with it.
Avatrade broker, in my opinion, is a hassle-free way to purchase and sell. After using it, I am completely satisfied and would recommend it to friends.
I noticed that OctaFX, a forex broker, had won 35 awards! It is also Asia's best broker. It demonstrates that it is a reliable Forex Trading Broker. OctaFX is something I use frequently, which is why I strongly suggest it to everyone.
It's a fantastic platform. The best thing is that withdrawals and deposits are processed quickly with no charge. Exness deserves praise.
The best product on the market is provided by FP Market. It's both unusual and smooth. It's my favorite.
Litefinance was a good experience because they offer a wide range of trading options, which caught my curiosity. In addition, compared to other places, admission fees are low.
The best thing about IC Market is that there are no trading restrictions and the spread is global. A minimal amount can be traded. As a result, anyone can effortlessly select this broker.
One of the greatest sites for newbies, especially those looking for quick results. It's safe and well-suited to trade.
This platform is ideal for anyone wishing to grow their Forex trading network. It also has collaboration programs.
JustForex is an excellent site to invest in overall, although the interface should be improved.
I've only collected useful ideas during my nearly two years on Tradersway. I've had great customer service and a simple withdrawal and deposit process.
XM trading platform is easy and the deposit and withdrawal process is fast. Traded with their bonus and it was easy without encumbrances. I will recommend XM to anyone any day and their customer service is efficient.
Tickmill is, in my opinion, the better option, but it will be even better if ECN introduces a $50 minimum credit requirement.
AVA Trade provides poor service. They only told me to put down more and more money. Withdrawal is destructive. Do not waste your time with an ineffective agent.
OctaFX offers so many opportunities that anyone can benefit from them, which is its best feature.
Exness is one of the most outstanding online trading platforms I've seen. However, I believe that some things should be added.
When trading with any currency, the FP Marketing broker is simple to use. Withdrawals and deposits continue to flow unabated. This is the broker I like.
The most important aspect of forex trading is order processing speed, which this broker provides in spades. As a result, I give it a thumbs up.
The market sentiment indicator on the IC Markets broker displays how other people are trading. It is very beneficial to new traders in terms of developing strategies. So far, it's been a fantastic broker.
As a Muslim trader, I prefer FBC because they provide swap-free accounts (known as Islamic accounts) which don't contradict the teaching of Islam. It is the best part of this broker I think.
From my side, Robo Forex is a great place to earn profit by promoting the materials they provide on other websites. Good to have knowledge about them.
My overall perception of Just Forex is good. I didn't need that much time to verify my account, also my every deposit and withdrawal experience was smooth. They offered broad resources to explore.
It's been a year since I'm using this trading platform. TradersWay provides the best rates and low spreads, and fast execution. Happy with service.
The motive of XM brokers is to provide the best service to its clients. Trust me they do what they say. I am fully satisfied with their ministry.
Tickmill brokers are very professional and sincere. I have been using Tickmill since 2019 and with time, their services are getting better and better.
First time using this site. Everything is working smoothly. But some features need to be improved. Above all, it’s the best broker.
OctaFX is an official forex trading platform. Settings helped me to manage my profile and deposits. It also has a demo option for beginners.
Exness a perfect brokerage platform for a good investment. I've tested the platform with a demo version and had a good experience. Now I'm about to start with a real account.
On its YouTube channel, FP Market has a number of educational videos that serve as a guide for its users. In my opinion, it is the best aspect of this broker.
Using LiteFinance as a day-to-day FX broker was indeed a worthy experience as they provide a lot of trading opportunities. Also my funds have grown in this broker platform. Finally, after a lot of hassle, I've succeeded in getting a trusted company that pays instantly. This is the best place at the right moment everyone must invest.
Excellent broker for both Forex and CFD trading. Its fast functionality and easy navigation amazed me most.
The best thing about FBS that amazed me most is its diversity. They value all clients, understand them, and fulfill their different demands. In a word, they have good management.
Robo Forex has a great reputation for providing 24/5 currency exchange service and customer care, which nobody can deny. They keep their customers happy by giving them access to their forecasts and educational materials.
Truly satisfied with Just Forex's leverage for deposit and its fastest withdrawal process. Looking forward to building my career as a trader with Just Forex.
Tradersway is a great platform for trading, I started my trading journey with them and there is no looking back since then.
Trust me XM is really a good Forex broker. This broker is trustworthy. Withdrawals are always fast and smooth. But it needs to be updated. Hopefully, they update it soon and ensure the best version.
Tickmill has very professional brokers. I have worked with many brokers, but they are the best. And their fast deposit and withdrawal process is very convenient.
Avatrade has many options to explore not only buying and selling shares. I can choose the perfect platform to invest in by comparing the industry. Worthy to use.
For beginners, it's a great platform to start their forex journey since OctaFX offers comprehensive video tutorials and articles. They also have manuals, traders' tools, and many more features.
I started my forex journey with Exness, and it's very user-friendly. It provides Fast-paced transactions and instant withdrawals, which I appreciate.
FP Markets is most known for its Forex trading, but it also offers CFD trading in equities, metals, commodities, and indices. It is equipped with cutting-edge online trading software designed exclusively for CFD trading. Consider it to be an excellent trading option.
LiteFinance is a really good Foreign exchange broker. This broker is trustworthy. Withdrawals are always fast and without any additional checks. I would also like to note the fast execution of trade orders. Hopefully, in the future, their market analysis app will get better.
IC Market ensures the best and the most transparent trading experience. For a long time, I've been with IC and wish to be with them.
