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IC Markets Review & Rating [yyyy]

IC Markets Review & Rating 2022

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Looking for IC Markets review? Keep reading! IC Markets is an online forex broker that offers trading in a wide range of financial instruments, including currency pairs, commodities, indices, and CFDs. The company is headquartered in Sydney, Australia and is regulated by reputable regulatory authorities.

One of the major attractions of IC Markets for traders is the low spreads that the company offers. IC Markets offers floating spreads from as low as 0.0 pips on the MetaTrader 4 and cTrader platforms. This is significantly lower than the average spread of 1-2 pips that is offered by other forex brokers.

Another advantage of IC Markets is the high leverage that the company offers. traders can get up to 500:1 leverage on currency pairs and up to 200:1 leverage on other instruments. This is significantly higher than the industry average of 30:1. 

It's going to be an unbiased IC Markets Review. We have done extensive research to write this review of IC Markets. It would help you to make your broker decision. 

Overview

Company
8/10
Trust
8/10
Trading Platform
9/10
Account Types
8/10
Costs
8/10
Customer Support
8/10
Regulation
8/10
Cryptocurrency
8/10

IC Markets Review

Company

8 /10

International Capital Markets Pty Ltd (IC Markets) is based in Sydney, Australia. IC Markets is a privately held company. IC Markets' management team includes individuals who have more than 20 years of experience in derivative products. IC Markets founders played a key role in the success of one the largest CFD providers.

IC Markets is one of the most reputable Forex CFD providers in the world. The company was founded with the goal of offering transparent and fair Forex trading to active traders. IC Markets is committed to bringing solutions that were previously only available to professionals, large investment banks around the globe to retail traders and investors around the world.

IC Markets doesn't provide its services to U.S., Canada, Israel, New Zealand, Japan 

IC Markets Products

IC Markets offers a wide range of financial instruments for trading, including currency pairs, commodities, indices, Cryptocurrencies, Futures, Bonds and CFDs.

Currency Pairs: IC Markets offers over 61 currency pairs for trading with spreads starting from zero pip. For forex trading, they provide up to 1:500 leverage. 

Commodities: IC Markets offers a good selection of commodities for trading, including gold, silver, oil, natural gas, and agricultural commodities. They offer 22 Commodities with 1:500 leverage. Spreads for commodities trading start from zero pip.

Indices: IC Markets offers a good selection of indices for trading, including the Dow Jones Industrial Average (DJIA), S&P 500, and Nasdaq Composite. They offer 25 Indices to trade with leverage up to 1:200 and spreads start from 0.4 pips.

Bonds: IC Markets offers 9+ Bonds to trade. MetaTrader 4 and 5 allow you to trade the most liquid and popular fixed income securities in the world from the United States, UK, Europe, Japan, and Europe.

Cryptocurrencies CFD: IC Markets offers Cryptocurrencies CFD trading for 24/7. They offer 23 Crypto CFDs. On MT4 and MT5 Leverage for Crypto CFDs is 1:200 but on cTrader leverage is 1:5. Crypto CFD of IC Markets is regulated by FSA. Crypto CFD is commission free.

Stocks: IC Markets single stock CFD gives traders the opportunity to trade some of the most well-known companies in the world, such as Apple, Facebook and BHP Billiton.

You can trade more than 1800 large-cap Stocks CFDs across ASX, NYSE, and NASDAQ stock exchanges exclusively on the IC Markets MetaTrader 5.

CFDs: IC Markets offers CFDs on a wide range of financial instruments, including currency pairs, commodities, indices, and shares.

Futures: IC Markets offers a variety of Futures, including ICE Dollar Index or CBOE VIX Index. Only IC Markets' MetaTrader4 Platform offers online Futures-based CFDs.

How to open an account with IC Markets?

Step 1: Go to the IC Markets website and click on the "Open Account" button.

Step 2: Enter your personal details and click on the "Next" button.

Step 3: Select your account type and deposit method.

Step 4: Complete the KYC (Know Your Customer) process.

Step 5: You will receive an email from IC Markets with your account login details.

Step 6: Login to your account and start trading!

IC Markets Educational Resources

IC Markets offers a wide range of educational resources to help you learn about forex trading and CFDs. These resources include an extensive video library, webinars, eBooks, and articles.

In addition to these resources, IC Markets also offer a demo account so you can practice your trading strategies before risking real money. Demo accounts are a great way to learn about forex trading without any risk.

IC Markets Pros and Cons

Pros

√ IC Markets is a reliable and regulated broker. 

√ The company offers very low spreads and fast executions.

√ Social Trading Facilities 

√ The company also offers a wide range of deposit and withdrawal methods.

Cons

- IC Markets Commission on Raw account is a bit high.

- Not available in U.S., Canada, Israel, New Zealand, Japan

Trust

8 /10

Is IC Markets Trusted?

Yes, IC Markets is a trusted CFD Forex broker. IC Markets is a regulated broker by the Australian Securities and Investments Commission (ASIC), CySEC, FSA and SCB. They have a very good reputation for providing good service.

IC Markets Fund Security

Clients funds are kept in client segregated accounts at Australian Banks. IC Markets adheres to the Australian Client Money Handling Rules. They have strict policies regarding the operation and maintenance of these accounts.

IC Markets EU keeps Client Money in segregated trust accounts at top-tier European banks. All Client money is held in segregated trust accounts with top-tier European banks and managed according to the MiFID II.

IC Markets Global keeps clients money in segregated accounts at top tier banks and follow securities law and regulations.

IC Markets SCB held clients funds in segregated accounts at top-tier banks.

Trading Platform

9 /10

IC Markets Trading Platforms

IC Markets offers the following trading platforms:

MetaTrader 4 (MT4): MT4 is a popular trading platform that is available for Windows, Mac, and mobile devices. The platform offers a wide range of features, including live quotes, charting tools, market news, and a built-in economic calendar.

MetaTrader 5 (MT5): IC Markets MT5 platform offers all the features that traders need to take advantage of the opportunities in the financial markets. With IC Markets MT5 platform, traders can trade multiple asset classes including forex, CFDs, indices, metals and energies all from one account.

cTrader: cTrader is a trading platform that is available for Windows, Mac, and mobile devices. The platform offers a wide range of features, including live quotes, charting tools, market news, and an advanced order management system.

MT Web Trader:  Web Trader is a web-based trading platform that is available for all devices. The platform offers live quotes, charting tools, market news, and a built-in economic calendar.

IC Markets app: The IC Markets app is available for Android and iOS devices. The app offers live quotes, charting tools, market news, and an advanced order management system.

IC Markets Trading Tools

IC Markets offers a wide range of trading tools, including market news, economic calendar, and live quotes. IC Markets offers Virtual Trading Server, Trading Server and MT4 Advance Tool. 

IC Markets Virtual Trading Server (VTS)

The IC Markets VTS is a virtual private server that is designed for traders who want to trade with high frequency and low latency. The VTS provides traders with access to the MetaTrader 4 trading platform and the company's proprietary cTrader platform.

IC Markets trading server 

IC Markets MT4 trade servers and cTrader trade server are located in New York's LD5 IBX Equinix data centres in London and New York. Clients can get the fastest execution speeds. Equinix data centers are well-known for their reliable and secure infrastructure.

What are Equinix NY4 & LD5?

Equinix NY4 & LD5 IBX Data Centres are located in New York and London. They house 60+ trading platforms, 400+ buy-side firms, 150+ financial services providers, and 675+ network bandwidth options.

IC Markets' MT4 Advance Trading tools

The MetaTrader 4 advance tools  provided by IC Markets is a powerful trading tool that gives you access to a range of advanced trading features. These features include:

- Customisable charts and indicators

- Advanced order types

- Expert Advisors (EAs)

- One-click trading

IC Markets Copy Trading

IC Markets copy trading is a feature that allows traders to copy the trades of other traders. The company's copy trading service is available on AutoTrade Powered by myfxbook and ZuluTrade.

AutoTrade Powered by myfxbook

AutoTrade is a social trading platform that allows traders to copy the trades of other traders. IC Markets is partnered with AutoTrade Powered by myfxbook , which is a social trading platform that allows you to copy the trades of successful traders.

You can copy trades from any system directly into your IC Markets MetaTrader4 account. AutoTrade doesn't require you to pay volume-based fees, or to install any complicated software. It is as simple as connecting to Myfxbook, and then selecting the system to copy.

ZuluTrade

ZuluTrade is a social trading platform that allows traders to copy the trades of other traders. IC Markets is also partnered with ZuluTrade to provide copy trading services. 

With ZuluTrade, you can select trader to copy from 100000 ZuluTrade traders. For this, you don't have to pay any fees. It's free. 

ZuluTrade offers a variety of features and options to help traders succeed. A demo account is available to novice users, which allows them to test the platform before they commit to using it.

Account Types

8 /10

IC Markets offers three account types: Standard, Raw Spreads, and cTrader Raw Spreads.

The Standard account is a commission-free account that offers spreads from 1.0 pips. The minimum deposit for this account is $200.

The Raw Spreads account is an ECN account that offers spreads from 0.0 pips. The minimum deposit for this account is $200. Commissions are $3 per 100,000 traded per side.

The cTrader Raw Spreads account is a commission-free ECN account that offers spreads from 0.0 pips. The minimum deposit for this account is $200.

IC Markets also offers an Islamic account for traders who are of the Muslim faith. This account is swap-free and compliant with Sharia law.

Cryptocurrency

8 /10

IC Markets offers Cryptocurrencies CFD trading for 24/7. They offer 23 Crypto CFDs. On MT4 and MT5 Leverage for Crypto CFDs is 1:200 but on cTrader leverage is 1:5. Crypto CFD of IC Markets is regulated by FSA. Crypto CFD is commission free.

Costs

8 /10

IC Markets Fees and Commissions

IC Markets offers very low spreads and commissions. The company charges a commission of $3 per 100,000 traded on the Raw Spreads account and a commission of $0.0035 per share on the cTrader account. There are no deposit or withdrawal fees charged by IC Markets.

IC Markets Leverage

IC Markets offers leverage of up to 500:1 on currency pairs and CFDs. Leverage is a double-edged sword, as it can lead to large profits, but it can also lead to large losses.

IC Markets Spreads

IC Markets offers very low spreads. The average spread on the EUR/USD currency pair is 0.0 pips on the Raw Spreads account and 0.1 pips on the Standard account.

IC Markets Margin Requirements

The margin requirements for trading with IC Markets vary depending on the financial instrument being traded. For example, the margin requirements for currency pairs range from 0.20% to 2.00%.

IC Markets Deposit and Withdrawal Methods

IC Markets offers a wide range of deposit and withdrawal methods, including credit/debit cards, bank wire transfer, and e-wallets. The minimum deposit for trading with IC Markets is $200.

You can compare fees and commissions of IC Markets by reading Pepperstone, VT Markets and Eightcap reviews.

Customer Support

8 /10

IC Markets offers customer service 24 hours a day, 5 days a week via live chat, email, and telephone. The company's customer service representatives are polite and helpful. I have checked their live support. It's very responsive and helpful.

Regulation

8 /10

IC Markets is a regulated broker by the Australian Securities and Investments Commission (ASIC). ASIC is a respected regulator that imposes strict requirements on its regulated brokers. For example, brokers regulated by ASIC must maintain segregated client accounts and must comply with the Financial Services Reform Act 2001.

IC Markets EU complies to CySEC (Cyprus Securities and Exchange Commission) regulatory requirements. It is required to adhere strict financial standards including capital adequacy requirements and audit requirements.

IC Markets EU is committed in ensuring a strict management system and high-quality controls within our compliance environment.

Raw Trading Ltd is authorised by Seychelles Financial Services Authority (FSA) to act as a Security Dealer under License No SD018 for the provision financial services.

IC Markets Ltd registered in The Bahamas, trading as IC Markets International, is regulated by the Securities Commission of The Bahamas (SCB).

Conclusion

IC Markets is a good choice for traders who are looking for low spreads and high leverage. The company also has a good selection of deposit and withdrawal methods. However, the broker does not offer any bonuses or promotions.

Overall, we would recommend IC Markets for traders who are looking for a reliable and regulated broker.

Reviewed By

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