|Support Number||+61 (0)2 8014 4280|
|Support Types||Phone, Live Chat, E-mail|
|Languages||English, Chinese, Japanese, Russian|
|Minimum Trade Amount||0.01 lots|
|Maximum Trade Amount||200 lots|
|Free Demo Account|
|Regulation||Australian Securities and Investments Commission (ASIC)|
|Account Types||Standard, True ECN, cTrader ECN|
|Deposit Methods||Visa, MasterCard, Skrill, Wire Transfer, Neteller VIP, Local Bank Transfer (outside Australia), WebMoney, BPAY Deposit (Australia Only), Branch Cash Deposit (Australia Only), China UnionPay, Neteller, Broker to Broker Transfer, Fasapay, Qiwi|
|Withdrawal Methods||Visa, MasterCard, Skrill, Wire Transfer, Neteller VIP, Local Bank Transfer (outside Australia), WebMoney, BPAY Deposit (Australia Only), Branch Cash Deposit (Australia Only), China UnionPay, Neteller, Broker to Broker Transfer, Fasapay, Qiwi|
|Types of Assets||Forex, Metals, CFDs, Indices, Futures, Bitcoin, Commodities, Commodities, Bonds|
|Account Currency||AUD, USD, EUR, CAD, GBP, SGD, NZD, CHF, JPY, HKD|
|Forex Demo Contests|
|Forex Live Contests|
|US Traders Allowed|
As one of the true ECN Forex brokerages on a global scale, IC Markets, launched in 2007 in Sydney, offers trading solutions for keen day scalpers and investors, as well as traders that make their first strides on the competitive Forex market. Clients of IC Markets benefit from ground-breaking trading platforms, superb liquidity, and low-latency connectivity. Thanks to the revolutionising approach of IC Markets, traders are now capable of obtaining access to liquidity and pricing that was previously available only to individuals with high net worth and to investment banks.
The professional management of IC Markets boasts considerable expertise on the Equity, CFD, and Forex markets in Europe, Asia, and North America. This knowledge has allowed the company to craft the best technology solutions and to carefully pick the best market liquidity out there. Open Account icmarkets
The Forex enterprise was incepted in an effort to narrow the gap between institutional and retail customers by providing a trading solution previously unavailable to the normal investors. As a result of that was born the True ECN account, allowing for a superior execution technology, unparalleled liquidity, and super low spreads. IC Markets’ constant improvement, innovation, and leading-edge technology are unmatched.
The Australian Securities and Investments Commission is charged with regulating IC Markets.
Three (3) trading accounts, as well as an Islamic swap-free account, are accessible to the keen traders of IC Markets.
First comes the Standard account whose minimum deposit is $200 and its spreads begin at 1.0 pips. The maximum leverage of this account is up to 500:1. It also acquires access to micro lot trading (0.01), one-click trading, index CFD trading, and CNS VPS Cross Connect. The Standard account is appropriate for discretionary traders.
The True ECN account also has a $200 min deposit and a maximum leverage of 500:1. The spreads for this account commence at 0.0 pips and there is a commission of $3.50 per lot. Micro lot trading, CNS VPS Cross Connect, index CFD trading, and one-click trading are the other perks for the True ECN account which is designed for EAs and scalpers.
The cTrader account is devised for scalpers and day traders. Its minimum deposit is $200 and 500:1 is its maximum leverage. Spreads start from as low as -0.3 pips and the commission is $3.00 per $100,000. The additional bonuses for the cTrader account are index CFD trading and one-click trading.
The first two accounts use the MetaTrader 4 platform while the cTrader uses the cTrader. From this, it is logical that the programming language for the cTrader account is C# while for the other two, it is MQL4.
All accounts can be turned into an Islamic account. In addition, they all derive benefit from 64 currency pairs, all trading styles are allowed, and there are no order distance restrictions. A demonstration account, excellent for new-fangled traders, is also accessible at the Forex broker.
IC Markets offers an excellent range of trading platforms, including MetaTrader 4 (Apple mac, iOS, and Android), cTrader (Web, Mobile Web, cAlgo, FIX API, iOS, and Android), MAM/PAMM, ZuluTrade, and MetaTrader 5.
MetaTrader 4 (MT4) is indubitably the most popular platform for online trading. The IC Markets’ MT4 punches above rivals’ weight as it offers a True ECN connectivity which lets clients engage into trading on institutional grade liquidity provided by leading hedge funds, investment banking institutions, and execution venues with dark pool liquidity.
IC Markets’ liquidity providers kindly send Executable Streaming Prices (ESP) to the company’s ECN environment where no dealing desk exists and there are no re-quotes or price manipulation. IC Markets’ MT4, owing to the varied liquidity mix of around 50 liquidity providers, is the preferred choice for high-volume traders, scalpers, as well as robots who demand the best execution and the tightest spreads.
The MT5, in addition to Forex, offers options, futures, and trade stocks. Moreover, there are viewable level II prices (market depth) and the ability to aggregate open positions. MT5 utilises the programming language MQL5.
With a licence number 335692, the Australian Securities and Investments Commission is responsible for overseeing International Capital Markets Pty Ltd (IC Markets). ASIC also obliges licence holders to possess staff training procedures and internal risk management, and urges them to abide by the requirements for capital adequacy. In this regard, IC Markets’ accounting and operational processes are further supplemented by external audits to guarantee regulatory compliance.
Further punching towards a mightier security, client funds are maintained in trust accounts that are segregated at the National Australia Bank (NAB), other Australian banks, as well as at Westpac. Two more things ensure the good sleep of IC Markets’ investors:
We should not neglect customer support when reviewing IC Markets. The company has a very elaborate FAQ section in this regard. In addition to a couple of Australian telephone lines, there is also a global line, several e-mail addresses for different issues, and the handy “Call Back” option.
IC Markets’ website is accessible in over 90 languages which is probably the most comprehensive Forex broker site globally.
Credit and Debit cards (MasterCard, VISA), Skrill, Bank Wires, NETELLER VIP, BPAY, Branch Cash Deposits, NETELLER, WebMoney, China UnionPay, FasaPay, Qiwi, as well as Broker-to-Broker Transfers are the available deposit options at IC Markets. The company does not charge any extra deposit and withdrawal fees, but your bank may incur some, and IC Markets does not accept any responsibility for that.
Withdrawing at IC Markets is pretty simple. International Telegraphic Transfers incur a AUD$20 fee and necessitate between 3 and 5 working days.
IC Markets’ base currencies include AUD, HKD, SGD, CAD, CHF, GBP, JPY, USD, NZD, and EUR – these can all be used only for Wire or Bank transfers, which require between 12 and 48 hours for processing. For all other methods, the currencies vary from 4 to 8.
Since IC Markets is a True ECN broker, it does not any offer any bonuses to initial deposits, which some investors might find a bit disappointing.
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