IC Markets Review – Online Platforms, Commission, Leverage, Account Types, Features & more

IC Markets is a fast and user-friendly platform for all traders looking for a one-stop solution for instant and secure online trading.

This Australia-based platform keeps the entire requirements of the traders in mind. A user can start trading with no deposit fee.

Also, as a trader, you don’t need to feel afraid of emerging threats in the market. Thanks to the top-tier regulatory bodies.

They make sure that none of the users ends up losing their hard-earned money without any reason.

About IC Markets & Accepted Countries

‘IC markets’ is a global forex broker, originally founded in Sydney, Australia, in 2007.

Currently, the company is regulated by top-tier ASIC (Australian Securities and Investments Commission) alongside several other regulated branches.

Headquartered at level 6-309 Kent Street Sydney, NSW 2000, IC markets are prestigious online trading brokers available in the market.

This online trading brokerage has brought retail clients and big investors together in one place, especially in Australia. Beyond doubt, it provides the best investment solution to all.

Thus, it’s eliminating the needs of high net worth individuals or banks. Here, you can get multiple options to select for trade, such as forex trading, indices, futures, and commodities.

The Forex Broker accepts traders from the United Kingdom, Australia, Thailand, South Africa, Hong Kong, Singapore, India, France, Norway, Germany, Sweden, Italy, United Arab Emirates, Kuwait, Saudi Arabia, Luxembourg, Qatar, Denmark, and most other countries.

Traders from the United States, Zimbabwe, Canada, Iraq, Iran, Ghana, Cuba, Cote D’Ivoire, Liberia, Niger, and Togo can’t use the IC market trading platform.

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IC Markets Trading Platforms

If you’re looking for an automated trading solution, IC Markets can be the best option for you. It’s the premier choice that high-frequency traders prefer a lot.

The company is renowned specifically for CFDs over Forex, Bonds, Indices, Commodities, and equity markets in the European or Asian countries.

Traders that are new to the forex market, this trading platform can be a cutting-edge solution for your entire burning needs.

After all, they offer their clients superior liquidity, low latency connectivity, and much more. Find the best price providers in the market.

This single platform can assist traders in numerous ways. Therefore, in this review, we’ll cover the IC-markets various advantageous functionalities.

IC Markets Mobile App

For smartphone users, IC-markets can be used through MetaTrader 4- a fantastic mobile trading platform.

Install the MetaTrader 4 on both iOS and Android devices and have a seamless mobile trading experience.

Download the MT4 trading platform on your mobile devices and enjoy the ICMarkets-Live server.

You can also choose your language from multiple language options, which you also get in the web-based platform. The overall look of this mobile trading platform is quite incredible.

The user-friendliness and design of this ‘app’ amplify your trading experience. The rest of the features are seamless and fast.

Simply log in and get access to some tremendous trading functions. Use search bars to search a product, place your order, set order limits, and stay active with alerts and notifications options.

Check out Mobile Apps of more Forex Brokers

IC Markets Commission or Brokerage or Fees

Typical online trading brokers charge high fees and commissions. But IC markets charge comparatively low or almost no trading fees.

Also, you don’t pay a single penny on withdrawal or inactivity. Owing to all such major benefits, traders are finding it the cheapest way for trading online.

Although, alongside minimal or low fees pattern, they become a little unfavorable option due to its High CFDs financing rates.

Nevertheless, it’s the cheapest alternative. Make sure you keep an eye on two essential things, trading fees or non-trading fees. For instance-

• Trading Fees refer to the commissions, financial rates, conversion fees, spreads when you trade.
• Non-trading fee refers to the fee you pay on the inactivity or withdrawal.

IC Markets Exposure or Leverage

Make sure that IC-markets is primarily recognized as a Forex broker. But apart from that, it also provides traders with some CFDs.

‘CFDs’ are one of the most complex instruments, where the risk of losing money remains high.

Therefore, not just in IC markets but on every trading platform, make sure you first gather knowledge over CFDs. However, the crypto selection in the IC market’s CFD is more comprehensive.

Nevertheless, its forex product lineup is relatively smaller, making it the best option as compared to its competitors.

However, most of the options you can choose here are available only at ‘MetaTrader 5 Platform.’

Along with that, you can also change the leverage manually, making it quite a useful feature among traders. Similarly, you lower the risk of trading.

Payment Methods provided by IC Markets

You can add or withdraw money from the IC markets from the following payment methods. For example- Bank Transfer, Debit/Credit Card, Electronic Wallets, or BPay for only AUD payments.

However, the Deposits are free of charge. In most instances, it can easily take several business days for a bank transfer.

Therefore, you can choose a credit/debit card for instant payments.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by IC Markets

IC markets offer their clients the following range of asset classes to invest in, such as Forex, Commodities, Bonds, Indices, stocks, Digital Currencies, futures, and so on.

IC Markets Virtual Trading Account or Demo Account

At IC Markets, you can also amplify your knowledge through a demo account or virtual trading account.

If you aren’t confident in your trading skills right now, try out this demo account. Without paying a single penny, the demo account allows you to put your strategies into the virtual trading environment.

Apart from this, you can also get an instant answer to that burning question. View relevant content as per your requirement in the ‘Education’ section to maximize your knowledge.

The blog section well-structured topics amp up your understanding of risk management and the market’s technical analysis.

IC Markets Offers or Deals

IC markets do offer special deals and discounts to its clients. Check below all of them:

IC Markets Regulation or Licensing

The IC markets brokerage is licensed and regulated by top-tier regulatory entities.

These include- the Australian Securities & Investment Commission (ASIC), which is also a part of the Financial Ombudsman Service (FOS).

Similarly, it gives assurance to the traders that they are investing through a safe trading platform. Owing to these regulatory bodies, IC markets get an additional layer of protection.

Similarly, it leads to customer satisfaction. Feel free to invest in your favorite market without worrying about threats.

Find out Regulations & Licensing of more Forex Brokers

IC Markets Features

The overall features of IC markets are quite helpful for any trader. Even though you’re a professional or amateur trader, these features assist you numerously.

For instance- cTrader, Meta Trader suite, and Copy-Trading Platform are some of this online trading platform’s most notable offerings.

Let’s discuss more briefly about the features –

MetaTrader Suite

The forex broker, for its web or desktop users, offers MT4 and MT5 for an elevated trading experience. The desktop version is packed with advanced trading tools.

Along with add-ons, plugins, trading central, and AutoChartist, it becomes a one-stop solution for traders.

cTrader Suite

It’s another amazing offer for web-based and desktop users. Under the cTrader, a user gets access to some mind-blowing trading application.

For example- cTradery copy and cAglo that has their own benefits to the user. In brief, cAglo is helpful for automated trading.

On the other hand, ‘cTrade copy’ allows the user to copy expert or professional trading.

MetaTrader Tools

Reap the benefits of Advanced Trading tools and add-on by FX Blue LLP. You can also install additional plugins right from Auto Chartist and Trading Central.

VPS Services

IC markets also offer third-party VPS (Virtual Private Servers) services that most international traders demand from their trading platform.

Social Copy Trading

‘IC-markets’ is truly amazing because, alongside cTrader Copy, it also offers you a ZuluTrade and Myfxbook platform for effective copy trading.

Market Analysis

Through its blogs and varying content types, the IC markets ensure that a user goes through a comprehensive knowledge of market analysis.

Alongside quality video content and new headlines, a user feels up to date with every market segment.

IC Markets Account Types

The IC Market offers three different types of accounts to the traders. Each account satisfies the varying needs of the traders.

You can choose “Raw Spread,” “Standard,” or a “cTrader ECN” account in IC markets. As said, every account is different from each other: nevertheless, they offer similar features.

In our IC market review, we’ve found True ECN account at lower spreads. However, ‘spreads’ are lower in the rest of the ‘accounts,’ but True ECN’s spread is lower than that.

Traders can also use a demo account before they start using these accounts for practicing.

IC Markets Account Opening Process

The IC Markets Account Opening Process is fast and easy. It’ll hardly take few hours to sign in and start trading using the App entirely.

Follow the steps below-

Sign in through your e-mail address. The broker can use it as a contact mode with you in the future.

Provide further Personal information, e.g., address and date of birth

Choose from account types as stated above.

Provide some information about your trading experience

Verify your account using residency proof or identity proof. (Documents required- a copy of your ID proof or passport, utility bill defining your home address, and bank statement)

IC Markets Trading Account Features

Check below all the trading account features under various account types:

IC Markets – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

IC Markets Benefits or Pros

• Trading Platform Tutorial Available
• Educational Videos available
• Low forex fees
• Free withdrawal and deposits
• Fast account opening
• Credit and debit card payment facility available
• No deposit fee
• Feel free to use different currencies
• Good Customizability

IC Markets Cons or Drawbacks

• Slow live chat support
• Non-EU clients get no investor protection.
• AUD 20 Fee charged for international withdrawal
• Old-standard design
• No price alert

IC Markets Trading Hours

Throughout five days a week, and 24 hours a day, the broker is ready to serve you with its reliable and fast online trading broker services.

However, most of the markets’ time may vary in IC markets.

Trading hours are subject to change because varying instruments’ original market opens and closes with different timing in different countries.

IC Markets Customer Care or Contact Details

IC markets’ customer care facility is very cooperative. But make sure for contact, you use the phone or e-mail support, instead of ‘live chat.’ The poor live chat is a little shortcoming.

Overall, if you’re willing to connect with customer care representatives, you can get instant support within a few minutes.

On the other hand, if you want to use live chat services, so you can have to wait for 10 minutes. But the rest of the services by the IC market’s customer service representatives are good.

They are active 24×7 to assist you.

• General: +61 (0)2 8014 4280
• Fax: +61 (0)2 8072 2120
• Australia: +1300 600 644
• Support: enquiries@icmarkets.com

IC Markets Safety & Security

IC Markets are trustworthy, beyond doubt. This online trading platform is neither ‘publically traded,’ nor does any bank operate it.

Besides, the complete system of IC markets is regulated by top-tier regulators.

For example- one tier-1 regulator (which makes it very trusted), alongside one tier-1 regulator, and zero-tier-3 regulators.

Under tier-1 regulator, this whole online trading platform is authorized by ASIC (Australian Securities & Investment Commission).

Therefore, traders can never encounter any problem while trading through this platform.

IC Markets Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

IC Markets Trading – Conclusion

In this IC market review, we went through every pros and cons section. Few things were probably not so good about IC Markets.

Nevertheless, they are ignorable because the rest of this online trading platform’s features and functionalities were excellent.

There’re plenty of features that ensure easiness to the trader. However, the forex broker has no deposit fee, and the rest of the fees and commissions are relatively minimal.

Therefore, it’s a significant advantage to all those new traders who’re new in the trading sector.

For Forex trading, IC Markets is one of the best ways, to begin with, beyond doubt. Ultimately, everything is excellent about the company.

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