Ic Markets review: IC Markets is an Australian-based online forex and CFD trading platform that was founded in 2007. It is known for providing traders with low spreads, fast execution speeds, and a wide range of trading instruments. The platform is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA).
IC Markets also offers a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, and stocks. This allows traders to diversify their portfolios and trade different markets using the same platform.
In terms of trading platforms, IC Markets offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as cTrader. These platforms are known for their user-friendly interface and advanced charting capabilities. IC Markets also provides traders with a range of tools and resources, including educational materials and market analysis, to help them make informed trading decisions.
Trading Terminals:
| 💵 Currency: | USD, EUR |
| 💰 Min deposit | From $200 |
| ⚖️ Leverage | 1:500 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Seychelles |
Overall IC Markets Review
In conclusion, IC Markets is a reputable online trading platform that offers low spreads, fast execution speeds, and a wide range of trading instruments. While there are some potential drawbacks, such as the lack of proprietary trading platforms and restrictions on certain countries, IC Markets is still a popular choice for traders looking for a reliable and efficient trading platform.
Go to IC Markets website
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Top Reviews
Best customer reviews of Ic Markets
The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.
The first thing that caught my attention was their low spreads. It's nice to be able to trade with minimal costs, and the True ECN environment ensures that I'm getting the best prices available. The platform is very user friendly and I appreciate the available set of trading tools. I can trade forex, stocks, indices and even cryptocurrencies all in one place. The charting tools are excellent and I can customize them to my liking.
Brazil
One thing I like about IC Markets is their trade copying feature. I'm not confident enough yet to consistently make my own trades, so being able to copy trades of more experienced traders helps me a lot. It's easy to set up and I've seen good profits from this feature. I also appreciate the fact that they offer a demo account. It's a great way to try out the platform and test trading strategies without risking any real money. The demo account is very similar to a real account, so I was able to study the platform well before trading with real money.
Argentina
Overall, my experience with the platform has been satisfactory. The low spreads offered by the platform are definitely a plus, and the True ECN environment ensures that I get the best prices available. On the other hand, I have had occasional problems connecting to the platform, which can be annoying when trying to make trades. Although the execution speed is usually very fast, there have been instances of slippage, which can be a concern. Also, the fact that IC Markets offers several different types of brokers can be confusing to some traders who are not sure which one to choose.
Mexico
Expert Review
Expert Review of “IC Markets”
As a financial expert, I have thoroughly reviewed IC Markets and am confident in its reliability as a trading platform.
One of the most important factors in determining a platform's reliability is the execution speeds, and IC Markets consistently delivers fast execution with minimal slippage. This is largely due to their use of advanced technology and a True ECN environment which ensures the best available prices.
Another indicator of reliability is the range of trading instruments available, and IC Markets offers an extensive range of markets including forex, stocks, indices, and cryptocurrencies. This allows traders to diversify their portfolios and reduces the risk of overexposure to any one market.
Financial expert and analyst at TradersHero.com
Risk Warning! Trading on IC Markets, like any financial investment, comes with inherent risks. It's important to be aware of these risks before making any trades on the platform.
Copy Trading
Investment Programs
IC Markets offers a copy trading feature, which allows traders to automatically copy the trades of more experienced traders. This is a popular feature among new and inexperienced traders who may not yet feel confident in making their own trades.
The Social Trading feature allows users to automatically copy trades of more experienced traders on the platform.
Copy trading on IC Markets is simple to set up, and traders can choose from a range of experienced traders to follow. Once a trader is selected, their trades are automatically copied onto the follower's account, with the same trade size and entry/exit points.
There are several benefits to copy trading on IC Markets. Firstly, it allows traders to learn from more experienced traders and potentially make profits while they are still developing their own trading strategies. It's also a convenient way to diversify one's portfolio and minimize risk.
IHowever, it's important to keep in mind that copy trading is not without risks. The performance of the trader being copied will directly impact the follower's profits or losses. Additionally, there is a risk of slippage and other technical issues that may arise during the copy trading process.
Remember, copy trading involves risks, and past performance does not guarantee future results. It's crucial to conduct thorough research, diversify your copy trading portfolio, and consider your own risk tolerance before engaging in copy trading on IC Markets or any similar platform.
Remember, it's essential to conduct your own research, assess your risk tolerance, and carefully consider the suitability of copy trading on IC Markets or any similar platform before engaging in it.
One of the key differences between Social Trading on IC Markets and other trade copying platforms is that on IC Markets Social Trading is based on real traders' accounts. This means that traders who can be copied must have real active accounts on the platform that are used to copy trades. In this way, users can be sure that they are copying real trades and not trades that have been artificially created to test a strategy. This can be especially important for traders who want to copy trades of other traders to make money in a real account.
Risk Warning
Best Copy Trading Platforms
Conditions
Trading Conditions for Ic Markets Traders
Trading Terminals:
IC Markets is a leading forex and CFD trading platform that offers competitive trading conditions for traders. One of the key features that makes IC Markets stand out is its low spreads, which start from 0 pips for some currency pairs. This makes it a cost-effective platform for traders who are looking to minimize their trading costs.
RIn addition to low spreads, IC Markets offers high leverage of up to 1:500. Leverage is a powerful tool that can amplify potential profits, but it's important to use it responsibly and to understand the associated risks. Traders should always keep in mind that higher leverage can also magnify potential losses.
One of the standout features of IC Markets is its fast execution speeds. The platform uses advanced technology to ensure that orders are executed almost instantly, with minimal slippage. This is particularly important for traders who rely on fast execution speeds to take advantage of market movements and opportunities.
| 💵 Currency | USD, EUR |
| 💰 Min deposit | From $200 |
| ⚖️ Leverage | 1:500 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank payments, Electronic payments (Skrill, AstroPay, Neteller, AdvCash) |
| 🏦 Broker Type: | ECN, Market Maker, Dealing |
| 📞 Customer Service | Forums, Call Back, Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Seychelles |
Risk Warning
Comparison
Comparison of Ic Markets with other FOREX Brokers
MT5
WebTrader
Broker comparison table of trading instruments
Commissions
Ic Markets Accounts, Commissions & Fees
IC Markets offers a range of accounts to cater to the needs of different types of traders. Each account has its own features and benefits, and traders can choose the one that best suits their trading style and objectives.
The most popular account type on IC Markets is the “Raw Spread” account. This account offers spreads starting from 0 pips, which means that traders can access the interbank spreads directly. The “Raw Spread” account also has a commission of $3.5 per side, making it a cost-effective option for traders who value low spreads.
Another popular account type is the Standard account, which offers spreads starting from 1 pip. This account has no commissions, but the spreads are marked up slightly compared to the “Raw Spread” account. The Standard account is a good option for traders who prefer a simpler pricing structure and don't require the lowest spreads available.
| Account type | cTrader | Raw Spread | Standart |
|---|---|---|---|
| Commission (per lot) | $3.0($6.0 per lot roundturn) | $3.5($7.0 per lot roundturn) | $0.0 |
| Spread from (pt) | 0.0 | 0.0 | 0.6 |
| Minimum deposit (USD) | $200 | $200 | $200 |
| Leverage | 1:500 | 1:500 | 1:500 |
| Maximum number of position orders per account | 2000 | 200 | 200 |
| Server location | London | New York | New York |
| Microlot trading (0.01) | ✅ | ✅ | ✅ |
| Currency pairs | 61 | 61 | 61 |
| CFD on indices trading | ✅ | ✅ | ✅ |
| Stop Out level | 50% | 50% | 50% |
| Single Slice Trading | ✅ | ✅ | ✅ |
| Islamic account | ✅ | ✅ | ✅ |
| Allowed trading styles | all | all | all |
| Restrictions on order distance | |||
| Programming Language | C# | MQL4 | MQL4 |
| Target audience | Day Traders and Spalpers | Scalpers and Expert Advisors Users | Trust traders |
Overall, IC Markets offers a range of accounts and pricing options to cater to the needs of different types of traders. From low spreads and commissions on the “Raw Spread” account to a simpler pricing structure on the Standard account, traders can choose the account that best suits their needs and objectives. It's important for traders to carefully review the fee schedule and understand the costs associated with trading on IC Markets.
Risk Warning
Final review
Detailed review of “Ic Markets”
IC Markets is a popular trading platform that offers a range of trading products and features for traders around the world. There are a number of unique and important points that set IC Markets apart from other trading platforms, which we will explore in this overview.
Another important point to note about IC Markets is its True ECN environment. This ensures that traders have access to the best available prices and a transparent trading experience. Orders are matched with the best available prices from multiple liquidity providers, which helps to ensure that traders receive the best possible price for their trades.
Funding options at IC Markets include bank transfers, credit/debit cards, and popular online payment methods like Skrill, Neteller, and PayPal. This variety allows clients to choose the most convenient and suitable method for deposits and withdrawals.
The broker provides customer support 24/7 via live chat, email, and phone. Their support team is knowledgeable and can assist with technical issues, account-related queries, and general trading inquiries.
Another important point to note about IC Markets is its low fees and commissions. The Raw Spread account has a commission of $3.5 per side, which is lower than many other trading platforms. The Standard account has no commissions, but the spreads are marked up slightly compared to the Raw Spread account. The cTrader account offers spreads starting from 0 pips, with a commission of $3.0 per side. These low fees and commissions make IC Markets an attractive platform for cost-conscious traders.
IC Markets offers educational resources and research materials to help traders improve their trading knowledge and skills. These resources include trading guides, video tutorials, market analysis, and economic calendars. However, it's worth noting that the educational offerings may not be as extensive as those provided by some other brokers.
Overall, IC Markets is a well-regulated broker that offers competitive trading conditions, advanced platforms, and reliable customer support. With tight spreads, fast execution speeds, and a wide range of tradable instruments, it is a popular choice among traders looking to access the forex and CFD markets. As with any broker, it's important to conduct thorough research, review terms and conditions, and consider your trading requirements before opening an account.
Advantages:
“Ic Markets” Regulator
Financial Services Authority (FSA)
Ic Markets is regulated by the Financial Services Authority (FSA), which adds an additional layer of credibility and trustworthiness to their operations. Being regulated by the FSA means that Ic Markets must adhere to strict financial and operational guidelines set forth by the regulatory authority. This oversight helps ensure that the broker follows industry best practices and maintains transparency in their dealings with clients.
Regulation by the FSA provides several benefits for traders. Firstly, it helps protect customer funds by requiring the broker to segregate client funds from their own operational funds. This segregation of funds helps safeguard clients' investments and reduces the risk of misappropriation.
Additionally, regulation by the FSA requires Ic Markets to maintain robust risk management systems and procedures. This includes measures to monitor and mitigate risks associated with market volatility, liquidity, and counterparty exposure. As a result, traders can have more confidence in the stability and security of their trading activities on the platform.
Furthermore, the FSA's regulatory oversight ensures that Ic Markets operates in a fair and transparent manner. The broker is obligated to provide accurate and up-to-date information to clients, including pricing, fees, and terms of service. This transparency fosters a trustworthy trading environment and helps traders make informed decisions.
It's worth noting that traders should always verify the regulatory status of a broker and conduct their own due diligence. While regulation by the FSA is a positive factor, it is important to consider other aspects such as trading conditions, customer support, and the broker's reputation in the industry before making a decision.
Risk Warning
Promotions
Bonuses Paid by the “Ic Markets”
IC Markets does not offer bonuses or promotions to its clients. This is in accordance with the rules established by the regulatory authorities, which prohibit financial service providers from offering bonuses or other incentives to attract clients.
The broker operates as a transparent and regulated trading platform and therefore focuses on providing competitive trading conditions and high quality services to its clients. Traders can take advantage of the low spreads, high leverage, high execution speed and variety of markets that IC Markets offers without being distracted by bonuses or promotions.
In addition, IC Markets' compliance with the rules set by regulators helps to ensure that the company operates in an honest and transparent manner, with adequate risk management measures to protect its clients' funds. By focusing on its core business model of providing a reliable and transparent trading platform, IC Markets has established itself as a reputable and reliable financial services provider in the industry.
Education
Review of the “Ic Markets” Education Program
Traders who use IC Markets have access to an education program that is designed to help them become better traders. The program is accessible to traders of all levels, and the resources available are high-quality and comprehensive. The educational resources provided by IC Markets are regularly updated to ensure that traders have access to the most up-to-date information and tools.
One of the key benefits of the IC Markets education program is the range of resources available. From video tutorials to trading guides and webinars, traders have access to a wealth of information that can help them develop their trading skills and knowledge. In addition, the program is designed to be accessible, with resources tailored to traders of all levels.
Tools for dividing learning into multiple categories:
Overall, the IC Markets education program is a comprehensive resource that offers traders a range of tools and resources to improve their trading skills and knowledge. With a focus on quality and accessibility, traders of all levels can benefit from the educational tools and support that IC Markets offers.
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Rating and Comments
Ic Markets Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
I have mixed feelings about IC Markets. On one hand, the platform is reliable and easy to use, and the spreads are competitive. However, I have had some issues with slippage and requotes during volatile market conditions. The customer service is also hit or miss, with some reps being very helpful and others not so much. Overall, I would say IC Markets is worth considering, but do your own research and proceed with caution.
I have been trading with IC Markets for a while now and I must say their platform is one of the best in the market. The spreads are very tight and execution is lightning fast. The customer support is excellent and always available to help. I have made good profits with them and I would definitely recommend them to any trader.
IC Markets is hands down the best broker I have ever used. The spreads are incredibly low and the execution is lightning fast, even during high volatility. Their customer support is top notch and always available to help with any issues. The platform is also very easy to use and customizable to suit my trading style. I have been consistently profitable with IC Markets and would highly recommend them to any trader looking for a reliable and transparent broker.
I had a terrible experience with IC Markets. I deposited a significant amount of money into my account, but when I tried to withdraw my funds, they made the process extremely difficult and kept delaying it. I had to go through multiple rounds of verification and their customer support was unhelpful and rude. Eventually, I was able to get my money back, but it was a frustrating and time-consuming experience. I would not recommend IC Markets to anyone.