IC Market Reviews 2024
Searching for an honest and comprehensive IC Market review? You’ve come to the right place.
This article is a deep dive into the features, pros, and cons of IC Markets, a leading player in the forex trading industry as per forex brokers reviews. Whether you’re a novice or a seasoned trader, choosing the right broker is vital for your success.
IC Markets, also known as icmarkets, has gained popularity worldwide for its reputation for tight spreads, low fees, and advanced trading platforms. But is it the right fit for you?
We will explore everything you need to know, from account types and trading conditions to customer support and regulation. Stay tuned to this research to discover whether IC Markets lives up to its hype and find out if it’s the right broker to enhance your trading journey.
In This Review:
- Features of IC Markets
- IC Markets Deposits and Withdrawals
- Trading Instruments offered by IC Markets
- Pros and Cons of trading with IC Markets
- IC Markets Account Types
- Trading Platforms available at IC Markets
- IC Markets Regulations and Safety
- IC Markets Education
- IC Markets Fees and Spreads
- IC Markets Customer support
- IC Markets Reddit Review
- IC Markets FAQ’s
- Conclusion: Is IC Markets the right choice for you?
Other IC Market Stats
| Website | https://www.icmarkets.com/ |
| Live Chat | YES: Available 24/7 |
| Telephone | YES: Available 24/7 |
| Broker Type | ECN Pricing |
| Regulations | Australian Securities & Investment Commission (ASIC), Seychelles Financial Services Authority (FSA), Cyprus Securities & Exchange Commission (CySEC), Securities Commission of The Bahamas (SCB) |
| Min Deposit | $200.00 |
| Account Base Currency | USD, AUD, EUR, GBP, CAD, JPY, NZD,CHF, SGD, HKD |
| Max Leverage | 1:1000 (Seychelles) |
| Trading Platforms | MetaTrader 4 & MetaTrader 5, cTrader, WebTrader, FIX API Trading, MAM / PAMM |
| Markets | Forex & CFDs (precious metals, indices, stocks, commodities, bonds, futures & cryptocurrencies) |
| Bonus Offered | None |
| Funding Options | Credit / Debit Card, PayPal, China Union Pay, Bank Transfer, Bpay, Klarna, Rapidpay, Skrill, Neteller, Qiwi, Fasapay, Poli, Webmoney, Fasapay, Broker to Broker |
Features of IC Markets
IC Markets, also known as icmarkets, stands out in the forex trading industry due to its impressive range of features. Let’s delve deeper into what sets this broker apart in this research.
First and foremost, IC Markets, also known as icmarkets, offers a wide selection of investment products.
Whether you’re interested in forex, commodities, indices, or cryptocurrency trading, you’ll find a comprehensive range of options to trade. This diversity allows you to diversify your portfolio and take advantage of different market conditions. Stay tuned to this research for more.
Another notable feature of IC Markets, also known as icmarkets, is its lightning-fast execution speed. With an average execution time of under 40 milliseconds, this broker ensures that your trades are processed quickly and efficiently.
This can be a significant advantage, especially when trading volatile markets or during economic events. More details will be provided in this research.
IC Markets, also known as icmarkets, provides access to advanced trading platforms. Their MetaTrader 4 (MT4 platform) and MetaTrader 5 (MT5) platforms are widely recognized as industry-leading platforms, offering a range of technical analysis tools, customizable charts, and expert advisors for algorithmic trading.
Additionally, IC Markets provides cTrader, a platform known for its ECN (Electronic Communication Network) capabilities, which allows for direct market access and enhances transparency in pricing. Stay tuned to this research for more.
In terms of account types, IC Markets, also known as icmarkets, offers flexibility to accommodate different trading styles and preferences.
From the standard Raw Spread real account for experienced traders to the True ECN account for those seeking institutional-grade trading conditions, IC Markets caters to traders of all levels. The broker also provides Islamic accounts for clients who require compliance with Sharia law. More details will be provided in this research.
In summary, the features offered by IC Markets, also known as icmarkets, make it a competitive broker in the forex trading industry. The wide range of trading instruments, fast execution speed, advanced trading platforms, and flexible account types are some of the key factors that distinguish IC Markets from its competitors. Stay tuned to this research for more.
IC Markets Deposits and Withdrawals
IC Markets, also known as icmarkets, offers a variety of convenient and secure deposit and withdrawal options to cater to the needs of its clients. Let’s take a closer look at the funding methods available in this research:
Deposits:
- Bank Wire Transfer: This traditional method allows you to transfer funds directly from your bank account to your IC Markets trading account. It is a widely accepted and secure way to deposit funds.
- Credit/Debit Cards: IC Markets accepts major credit and debit cards, including Visa and Mastercard. Simply enter your card details and the desired deposit amount, and the funds will be instantly credited to your trading account.
- Electronic Wallets: IC Markets supports popular electronic wallets such as Skrill, Neteller, and WebMoney. These wallets provide a quick and easy way to deposit funds.
Withdrawals:
- Bank Wire Transfer: You can withdraw funds from your IC Markets trading account by initiating a bank wire transfer. The funds will be transferred directly to your bank account. It is important to note that bank wire transfers may take a few business days to process.
- Credit/Debit Cards: If you initially deposited funds using a credit or debit card, you can withdraw funds back to the same card. The withdrawal will be processed as a refund to your card.
- Electronic Wallets: Withdrawals to electronic wallets such as Skrill, Neteller, and WebMoney are also supported. The funds will be credited to your wallet account.
It’s worth mentioning that IC Markets, also known as icmarkets, may require additional verification documents to process withdrawals, ensuring the security and compliance of the transactions. More details will be provided in this research.
Before making any deposits or withdrawals, it is recommended to review the specific terms and conditions provided by IC Markets, also known as icmarkets, as they may vary depending on your location and the chosen payment method. Stay tuned to this research for more.
Trading Instruments offered by IC Markets
IC Markets, a popular choice for cryptocurrency trading, provides traders with an extensive range of investment products. This allows you to diversify your portfolio and take advantage of various market opportunities. Let’s explore the different instruments available through our research.
- Forex: IC Markets offers a vast selection of currency pairs, including major, minor, and exotic pairs. Whether you prefer to trade EUR/USD, GBP/JPY, or AUD/CAD, you’ll find a wide range of options to choose from. The forex market is the largest and most liquid market globally, offering ample trading opportunities.
- Commodities: If you’re interested in trading commodities, IC Markets has you covered. You can trade popular commodities such as gold, silver, oil, and natural gas. Commodities can be a good addition to your portfolio, as they can act as a hedge against inflation and diversify your risk.
- Indices: IC Markets allows you to trade a variety of global stock indices, including the S&P 500, NASDAQ 100, and FTSE 100. Trading indices provides exposure to a basket of stocks, allowing you to take a position on the overall performance of a specific market.
- Cryptocurrencies: For those looking to trade digital assets, IC Markets offers a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Cryptocurrencies have gained significant popularity in recent years, and trading them can offer high volatility and potential returns.
Overall, IC Markets provides a diverse range of trading instruments, enabling you to explore different markets and capitalize on various trading opportunities through our research. Whether you prefer forex, commodities, indices, or cryptocurrencies, IC Markets has something for everyone.
IC Markets Range of Markets Summary
Pros and Cons of trading with IC Markets
As with any broker, there are both pros and cons to consider when trading with IC Markets. Through our research, let’s take a closer look at the advantages and disadvantages of choosing this broker.
Pros:
- Tight Spreads: IC Markets is known for its competitive spreads, which are among the tightest in the industry. This can significantly reduce your trading costs and increase your potential profits.
- Low Fees: In addition to tight spreads, IC Markets charges low commissions, especially for their True ECN account. This makes it an attractive choice for traders who want to keep their trading costs to a minimum.
- Advanced Trading Platforms: IC Markets offers a range of advanced trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are well-known for their user-friendly interface, advanced charting capabilities, and extensive range of technical analysis tools.
- Fast Execution Speed: IC Markets boasts ultra-fast execution speeds, thanks to their robust infrastructure and direct market access. This ensures that your orders are executed without delays, reducing the risk of slippage.
- Multiple Account Types: IC Markets provides a variety of account types to suit different trading styles and preferences. Whether you’re a scalper, swing trader, or long-term investor, you can find an account type that meets your needs.
Cons:
- Limited Educational Resources: While IC Markets offers basic educational resources, some traders may find the educational materials to be lacking. If you’re a beginner looking for in-depth educational content, you may need to seek additional resources elsewhere.
- No US Clients: IC Markets does not accept clients from the United States. If you’re based in the US, you’ll need to explore other brokers that cater to US residents.
- Inactivity Fee: IC Markets charges an inactivity fee of $20 per month if you don’t trade for a period of 6 months or more. This fee can be a concern for traders who are not actively trading or testing new strategies.
Despite these drawbacks, the overall advantages of trading with IC Markets outweigh the disadvantages. The raw spreads, low fees, advanced trading platforms, and fast execution speed make IC Markets a reputable choice for traders worldwide. Our research shows that the average spread is competitive.
IC Markets Account Types
IC Markets offers a range of real account types to cater to the diverse needs of traders. Let’s explore the different account types available and their key features through our research.
- Raw Spread Account: The Raw Spread account is designed for experienced traders who require tight spreads and low commissions. With this account, you can access deep liquidity from leading banks and enjoy ultra-fast execution speeds. The minimum deposit for the Raw Spread account is $200.
- True ECN Account: The True ECN account is ideal for traders who prioritize institutional-grade trading conditions. This account type offers spreads as low as zero pips, direct market access, and no dealing desk intervention. The True ECN account requires a minimum deposit of $200.
- Standard Account: The Standard account is suitable for beginners or traders who prefer simpler trading conditions. It offers competitive spreads and no commissions, making it a cost-effective option. IC market minimum deposit for the Standard account is $200.
- Islamic Account: IC Markets also provides Islamic accounts for clients who require compliance with Sharia law. Islamic accounts operate based on the principles of Islamic finance, with no interest charges or swaps. IC markets minimum deposit for an Islamic account is $200.
Each real account type offered by IC Markets comes with a different set of features and trading conditions, allowing you to choose the one that aligns with your trading style and preferences. Whether you’re an experienced trader seeking tight spreads or a beginner looking for simplicity, IC Markets has an account type for you.
Account Type Summary:
Trading Platforms available at IC Markets
IC Markets offers a selection of advanced trading platforms, including the popular MT4 platform, providing traders with a seamless and efficient algorithmic trading experience. Let’s explore the different trading platforms available through our research.
- MetaTrader 4 (MT4): MetaTrader 4 is a widely recognized platform known for its user-friendly interface and extensive range of features. It offers a range of technical analysis tools, customizable charts, and the ability to automate trading strategies using expert advisors. MT4 is suitable for traders of all levels, from beginners to experienced professionals.
- MetaTrader 5 (MT5): MetaTrader 5 is the successor to MT4, offering enhanced features and improved performance. It provides an expanded range of order types, additional timeframes, and a built-in economic calendar. MT5 is particularly popular among advanced traders and those looking for more advanced analytical capabilities.
- cTrader: IC Markets also offers the cTrader platform, which is known for its ECN capabilities. cTrader provides direct market access, allowing traders to interact with liquidity providers and access transparent pricing. The platform offers advanced charting features, a wide range of order types, and a user-friendly interface.
These trading platforms, including the mobile trading app available for both Android and iOS, are available for desktop, web, and mobile devices, allowing you to trade anytime, anywhere. Whether you prefer the simplicity of MT4, the advanced features of MT5, or the ECN capabilities of cTrader, IC Markets has a platform to suit your trading needs.
IC Markets Regulations and Safety
Regulation and safety are essential considerations when choosing a broker. IC Markets, with a high trust score, is regulated by two reputable authorities, ensuring a high level of trust and transparency. Our research confirms this.
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), one of the strictest financial regulatory bodies globally. ASIC imposes stringent regulations on brokers to protect investors’ interests and maintain the integrity of the financial markets. This regulation ensures that IC Markets, with its high trust score, complies with strict standards of transparency, capital adequacy, and client fund segregation.
In addition to ASIC regulation, IC Markets, which has a high trust score according to our research, also operates under the Seychelles Financial Services Authority (FSA) license. While the Seychelles FSA is not as well-known as ASIC, it still provides a level of oversight and protection for traders.
In terms of safety, IC Markets, as per our research, takes several measures to safeguard client funds. Client funds are held in segregated accounts with reputable banks, ensuring that they are separate from the broker’s operational funds. This segregation protects client funds in the event of the broker’s insolvency.
Overall, IC Markets’ regulation by ASIC and safety measures provide a level of confidence and trust for traders. The strict regulatory oversight and client fund segregation, as highlighted in our research, contribute to the overall safety and security of trading with IC Markets.
IC Markets Education
Education are crucial aspects of any broker’s offering. Let’s explore how IC Markets caters to its clients in terms of support and education.
The broker, IC Markets, also offers a comprehensive knowledge base on its website, covering a wide range of topics related to trading, platforms, and account management. This knowledge base, as per our research, serves as a valuable resource for both beginner and experienced traders.
Additionally, IC Markets conducts regular webinars and educational events to help traders improve their skills and knowledge. These webinars, a significant part of our research, cover a range of topics, including technical analysis, risk management, and trading psychology. Participating in these educational events can enhance your understanding of the markets and improve your trading strategies.
Overall, IC Markets provides a wealth of educational resources to assist traders at every stage of their trading journey
IC Markets Fees and Spreads
Understanding the fees and spreads charged by a broker is essential for evaluating the cost of trading. Let’s take a closer look at the fees, raw spreads, and average spread associated with trading at IC Markets, as per our research.
IC Markets operates on a transparent pricing model, with competitive spreads and low commissions. The spreads offered, including raw spreads, vary depending on the account type and the trading instrument. For the Raw Spread and True ECN accounts, spreads can be as low as zero pips for major currency pairs. This ensures that you can enter and exit trades at the best possible prices, as highlighted in our average spread research.
In terms of commissions, IC Markets’ True ECN account charges a commission of $3.50 per standard lot traded. This commission is competitive, as per our research, compared to other brokers in the industry. The Raw Spread account, on the other hand, charges a slightly higher commission of $3.50 per side per lot traded.
In terms of deposit and withdrawal fees, IC Markets does not charge any fees for deposits. However, for withdrawals, a fee of $3.50 is charged per withdrawal for international bank transfers. It’s worth noting that some third-party payment providers may charge additional fees for deposits or withdrawals. Our research on IC Markets’ funding methods revealed this information.
Overall, IC Markets’ fees and raw spreads are competitive, particularly for their True ECN and Raw Spread accounts. The low spreads and reasonable commissions contribute to the overall affordability of trading with IC Markets. The average spread, as per our research, is quite reasonable.
IC Markets Customer Support
IC Markets is a renowned forex broker that provides top-notch customer service to its clients. The company understands the importance of efficient and reliable customer support in the trading industry and strives to offer the best assistance to its customers, as per our research.
IC Markets’ customer service team is available 24/7 to address any queries or concerns that traders may have. Whether it’s a technical issue, account-related question, or general inquiry, the support team is ready to assist through various communication channels such as email, live chat, and phone.
The customer service representatives at IC Markets are well-trained professionals with in-depth knowledge of the forex market and the company’s trading platforms. They are equipped to provide prompt and accurate solutions to customer issues, ensuring a smooth trading experience.
In addition to resolving customer queries, IC Markets’ customer service team also assists with account setup, verification, and funding processes. They guide clients through the necessary steps to start trading on the platform and help troubleshoot any issues that may arise during the process.
IC Markets’ commitment to customer support extends beyond merely addressing concerns. The company also provides educational resources and tutorials to help traders enhance their trading skills and knowledge. This includes webinars, video tutorials, and an extensive knowledge base that covers various trading topics, as per our research.
Furthermore, IC Markets has a strong presence on social media platforms where traders can connect with the company and its customer service team. This allows for quick and convenient communication, making it easier for customers to get their questions answered and issues resolved.
Overall, IC Markets’ customer service is highly regarded in the forex trading community. The company’s dedication to providing excellent service, combined with its reliable and knowledgeable support team, ensures that traders receive the assistance they need, when they need it, as per our research.
IC Markets Reddit Review
IC Markets, often referred to as icmarket reviews on Reddit, is a popular forex and CFD broker that has gained attention. Users often discuss their experiences with icmarkets, sharing both positive and negative feedback.
Some Reddit users praise IC Markets for its low spreads, fast execution, and reliable customer support. They appreciate the wide range of tradable instruments and the user-friendly trading platform.
However, there are also complaints regarding occasional slippage and requotes during high volatility periods. Overall, IC Markets seems to have a positive reputation on Reddit, but it’s important for traders to do their research and consider their individual needs before choosing a broker.
IC Markets FAQ's
IC Markets, also known as icmarket broker in the online community, is a popular online forex and CFD broker known for its competitive spreads, fast execution speeds, and advanced trading platforms. Here are some frequently asked questions (FAQs) about IC Markets, which can aid in your research:
- What is IC Markets?
IC Markets is an Australian-based financial services company that provides online trading services in forex, commodities, indices, and cryptocurrencies. It offers traders access to a wide range of financial markets through its user-friendly trading platforms. - Is IC Markets regulated?
Yes, IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), one of the most reputable financial regulatory bodies in the world. This ensures that the broker operates in compliance with strict regulations and provides a safe and secure trading environment for its clients. - What trading platforms does IC Markets offer?
IC Markets offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms are widely recognized in the industry for their advanced charting capabilities, technical analysis tools, and automated trading options. - What are the account types available at IC Markets?
IC Markets offers three main types of trading accounts: Standard Account, Raw Spread Account, and cTrader Account. The Standard Account has no commission but higher spreads, while the Raw Spread Account offers lower spreads with a small commission per trade. The cTrader Account provides access to the cTrader platform with competitive spreads and commissions. - What are the deposit and withdrawal options?
IC Markets provides various deposit and withdrawal options, including bank wire transfer, credit/debit cards, and popular e-wallets such as Skrill, Neteller, and PayPal. The availability of these options may depend on your country of residence. - What are the trading instruments available at IC Markets?
IC Markets offers a wide range of trading instruments, including more than 60 currency pairs, commodities like gold and oil, global stock indices, and popular cryptocurrencies like Bitcoin and Ethereum. This allows traders to diversify their portfolios and take advantage of different market opportunities. - Does IC Markets offer demo accounts?
Yes, IC Markets offers demo accounts for traders who wish to practice their trading strategies or test the broker’s trading platforms without risking real money. Demo accounts are a great way for beginners to get familiar with the trading environment before opening a live account. - What are the trading costs at IC Markets?
IC Markets is known for its competitive pricing. The broker offers tight spreads starting from 0.0 pips on major currency pairs, low commissions on certain account types, and no additional fees for deposits or withdrawals. - Does IC Markets provide educational resources?
Yes, IC Markets provides educational resources such as trading guides, video tutorials, and webinars to help traders improve their knowledge and skills. Additionally, the broker offers a range of analytical tools, economic calendars, and market research to assist traders in making informed trading decisions. - Is IC Markets suitable for beginners?
Yes, IC Markets is suitable for beginners as well as experienced traders. The broker offers a user-friendly interface, educational resources, and a demo account to help beginners learn the basics of trading. Furthermore, IC Markets provides excellent customer support and responsive client services to assist traders at any stage of their trading journey.
Conclusion: Is IC Markets the right choice for you?
After exploring the features, pros, and cons of IC Markets, also known as icmarkets, you now have a comprehensive understanding of what this broker offers. IC Markets has established itself as a reputable broker in the forex trading industry, thanks to its tight spreads, low fees, advanced trading platforms, and strong regulation. This research should help you make an informed decision.
If you’re a trader looking for a broker with competitive trading conditions, diverse trading instruments, and reliable customer support, IC Markets, often referred to as icmarkets or IC market broker, could be an excellent choice for you. Their range of account types, including the real account, caters to traders of all levels, ensuring that you can find an account that aligns with your trading style and preferences. However, it’s crucial to conduct thorough research before making a decision.
However, it’s essential to remember that choosing a broker like icmarkets is a highly personal decision. Every trader has different needs, goals, and preferences. Therefore, before selecting IC Markets or any other broker, it’s crucial to consider your individual requirements and conduct thorough research.
Ultimately, IC Markets, also known as icmarkets, has proven itself as a trusted broker with a solid reputation. If their features and offerings align with your trading objectives, IC Markets could be the right broker to enhance your trading journey. However, it’s always advisable to conduct your own research before making a final decision.
About This Review
Author: Stephen Masters – is a serial entrepreneur and international businessman, with a love for teaching the ways of wise investment.
Reviewed and edited by: Mark Prosz
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