Table of Content
Table of Content
IC Markets Review 2023
Staying ahead in online trading requires finding an accommodating broker, like ic markets leverage. It is one of the more well-known choices among traders looking for low spreads and fast execution speeds. But what sets them apart?
In the 2023 review of IC Markets, we will delve deep into their features and services so you can decide whether IC Markets is truly right for you!
Introduction to IC Markets
IC markets leverage is an online forex broker located in Sydney, Australia, that provides trading in numerous currency pairs and CFDs. The company, regulated by the Australian Securities and Investments Commission(ASIC), was founded in 2007 by a team of experienced financial market professionals.
IC Markets provides traders with an innovative trading platform, low spreads, and rapid execution times – creating an equitable trading experience and earning multiple awards, such as “Best Standard Forex Broker” at the UK Forex Awards 2018.
Are You Searching For a Reliable Forex Broker with Low Spreads and Fast Executions? IC Markets could be Your Perfect Choice.
What Is IC Markets?
IC Markets is an online brokerage firm that offers trading on various financial instruments, including forex, CFDs, and cryptocurrencies.
Based out of Sydney, Australia, and regulated by ASIC, clients of IC Markets have two trading platforms to choose from – MetaTrader 4 (MT4) or cTrader (the latter of which they may prefer for more technical trading options).
IC Markets was established in 2007 by a team of financial markets professionals with extensive expertise. Their mission is to offer traders reliable trading platforms at highly competitive conditions with superior trading experiences for each trader.
Overview of Platform Features
The ic markets leverage platform is feature-rich and user-friendly. Some of the key features include:
- Trade over 500 instruments, including currency pairs, metals, indices, and CFDs
- Ultra-low spreads from 0.0 pips
- No commission on forex trading
- Leverage up to 500:1
- Negative Balance Protection
- EA Lab with 11 pre-installed EAs
- Segregated client accounts with leading banks
- ASIC regulated
Pros and Cons of IC Markets
- Phenomenal Order Execution Speeds
- Support For All Trading Strategies & Styles
- Intuitive Trading Platforms With Value-Added Tools
- Ultra-Tight Variable Spreads & Low Commissions
- 24/7 Customer Service Availability
- No Fees For Deposits Or Withdrawals
- Higher Minimum Deposit
- Does Not Accept US Clients
Account Types Offered by IC Markets
IC Markets offers three live trading accounts: Standard, True ECN, and cTrader. Each type has unique features and benefits for the optimal trading experience; choose wisely according to your trading requirements.
For newcomers or those wanting a low minimum deposit, the Standard account offers spreads from just one pip and ic markets leverage of up to 500:1. You can even trade micro-lots (0.01 of a standard lot).
True ECN Account:
For experienced traders looking for tight spreads and no requotes, this account type offers spreads from zero pips with ic markets leverage up to 500:1. Micro lots (0.1 of a standard lot) trading capabilities make this account type ideal.
Account Type for CTrader Platform:
cTrader accounts have been specifically tailored for use with the CTrader trading platform, and feature spreads as low as zero pips with up to 500:1 ic markets leverage available.
Trading Instruments Provided by IC Markets
IC Markets offers various tradable assets across asset classes, including forex, indices, and commodities. Shares and cryptocurrencies are also available for trading on IC Markets platforms.
IC Markets has a highly competitive fee structure across all its services and products, with forex spreads as low as 0.0 pips for major currency pairs and no commissions on trading forex.
Furthermore, we provide CFDs on Indices, Commodities, Shares, and Cryptocurrencies with ic markets leverage up to 400:1 with spreads beginning from just 0.1 points for maximum profits!
Trading Instruments Offered by IC Markets
1. IC Markets also provides access to an impressive collection of trading resources designed to assist traders when trading the markets.
2. Our trading platforms are feature-packed and intuitively designed, enabling easy customization options and offering mobile trading apps for iPhone, iPad, and Android devices.
3. Our market analysis team offers real-time market commentary, analysis, and daily and weekly reports for major markets.
4. comprehensive educational centre offers webinars, eBooks, and videos on trading strategies, risk management, and more.
5. Our customer support team is available 24/5 to address any inquiries that you might have about trading the markets with our platform or your account.
Pricing & Fee Structure at IC Markets
IC Markets offers highly competitive pricing and fee structures across its products and services, from its forex spreads starting at just 0.0 pips on major currency pairs to no commission fees on forex trading.
CFD and share trading fees offered by MarketsWorld are extremely cost-competitive; for example, they charge a flat commission of just $3 per trade on CFDs on shares (or $7 if your account balance falls under $20,000) without requiring any minimum deposits upfront to open an account.
IC Markets is an economic broker providing affordable pricing and excellent value.
Regulation & Safety of Funds at IC Markets
IC Markets must abide by certain standards set out by regulatory bodies to protect investors and keep funds secure. These standards aim at offering investors peace of mind.
IC Markets is an independent dispute resolution body affiliate of the Financial Commission. If you wish to file a grievance against them, filing with this body allows for a swift resolution, as they will investigate on your behalf.
IC Markets is also a proud member of the Investor Compensation Fund (ICF), protecting investors should any broker go bankrupt or be unable to meet its financial obligations.
Additionally, IC Markets adheres to regulatory requirements by segregating client funds from company funds following regulatory standards. Your funds are held in separate accounts from IC Market’s money, so they may only be used for trading activities related specifically to you and not vice versa.
All these measures have been implemented to protect your funds and give you peace of mind when trading with IC Markets.
Customer Support Services of IC Markets
IC Markets offers customer support via live chat, phone call, and email 24/7, with a team of customer care agents available around the clock to answer any inquiries about their trading services.
IC Markets provides various services to its customers, such as assistance in opening an account, withdrawing funds, and depositing money and issues relating to the platform.
If additional assistance is required, you may schedule a callback with one of their customer service team members – for further help, you may even call one directly!
IC Markets is committed to providing exceptional service to all its customers to have a pleasant experience.
If any problems or queries need to be addressed, don’t hesitate to contact the support team, who are on standby 24/7.
Who Is IC Markets Recommended for?
IC Markets is an online forex broker recommended for experienced and professional traders, boasting many features and services designed to offer reliable trading platforms.
Top Features at IC Markets
IC Markets is one of the premier forex brokers worldwide and offers an impressive set of features that makes them stand out as an option for online traders. Here are a few top features provided by IC Markets:
Great Trading Conditions:
At IC Markets, trade execution is one of its chief strengths. When coupled with advanced features such as multiple order types, detachable charts, and market depth, as well as low latency execution speeds and matching speeds with deep liquidity levels and narrow spreads, it becomes apparent why so many traders enjoy doing business here.
All Strategies Are Welcome:
At IC Markets, traders who employ all strategies – scalping, hedging, and automated algorithmic trading – are invited to use its platform. Thanks to ultrafast Equinix server support in both London and New York, clients of platform clients can take advantage of superfast colocation execution as well as virtual private servers (VPSs) offering superior reliability and security for colocation solutions and virtual private servers (VPSs).
Strong Selection Of Securities Supported:
Investors seeking to diversify their portfolio will appreciate having over 230 financial instruments from which to select, such as bonds, futures, and cryptocurrencies, that provide greater diversification options than are commonly available today.
Customer Support at IC Markets Is Always Accessible:
IC Markets has a customer service staff available to assist users 24 hours a day, seven days a week, with any questions or issues. Furthermore, their multilingual customer service team offers assistance through various channels.
IC Markets Compliance & Regulation
Regulation & Compliance of IC Markets IC Markets, at present, is regulated by three different authorities: the Cyprus Securities and Exchange Commission and Investments.
This broker has adhered strictly to all AML regulations and counter-financial terrorism laws at each point globally.
IC Markets also ensures that all funds held in clients’ accounts are fully insured and segregated through separate accounts.
Finally, all requirements regarding internal risk management and sufficient capital have been fulfilled. At the same time, operations undergo regular external auditing to guarantee full compliance and full client protection are upheld by this broker. Overall, its highly regulated operations promote transparency to protect client interests.
Pricing at IC Markets
IC Markets provides some of the tightest spreads in the industry, starting at zero pip spreads for its cTrader Account and Raw Spread Account, with Standard Account spreads beginning in one pip. Furthermore, commission charges vary by account type; those using either of those two accounts pay either $3 per trade (cTrader Raw Spread Account or Raw Spread Account), $3.5 (Raw Spread Account or Raw Spread Account), or none (Standard Account). No commission is charged when trading Standard Account.)
Overall, IC Markets stands out in its pricing and fee schedule by offering tight spreads at extremely reasonable commission rates; its commissions are particularly cost-effective considering two account types offer especially narrow raw spreads with extremely cost-efficient commission rates; furthermore, it supports 500:1 ic markets leverage to allow users to maximize capital used to fund accounts while it also charges no deposits/withdrawals fees, along with no inactivity fees either!
Reliability & Security for IC Markets
IC Markets provides three trading platforms to its users – cTrader, MetaTrader 4, and MetaTrader 5 – which can all be accessed using desktop computers, web browsers, and internet-connected mobile devices; additionally, IC Markets also provides mobile apps on Android and iOS operating systems for convenient trading experience.
In particular, IC Markets’ platforms are known for their ultra-low latency order execution. The broker is connected to Equinix’s data centres in London and New York, ensuring secure connectivity. It uses fibre optic networks dedicated to executing orders instantly with minimal slippage.
Overall, IC Markets’ trading platforms were highly reliable and intuitive during our testing phase. Furthermore, these advanced features include built-in spread monitoring capabilities and automated close of trades with custom order templates and ladder trading functionality. Again, real-time pricing updates provided real user visibility. No issues with any trading platform were experienced during our evaluation.
What are the Benefits of Trading with IC Markets?
There are many advantages of trading with IC Markets, including:
Trading on tight spreads begins at 0.0 pips, and traders can access leverage up to 1 to 500.
IC Markets provides traders access to various tradable instruments, including forex, metals, indices, and cryptocurrencies. Their powerful MetaTrader 4 and cTrader trading platforms can also help facilitate trade. Their operations are overseen by the Australian Securities and Investments Commission (ASIC).
IC Markets has established itself as an accessible, secure broker. Its user-friendly interface and affordable trading fees, its low trading fees make IC Markets ideal for both novice and seasoned traders alike. IC Markets will be one of the leading online brokers in 2023. It will remain so because it offers features such as automated trading, tight margins, quick execution, and negative balance protection.
What Is IC Markets?
IC Markets is an online broker offering trading in numerous financial instruments such as foreign exchange (forex), contracts for difference (CFDs), and metals.
How Does IC Markets Work?
Once an account has been opened and funded, traders can gain access to the IC Markets platform and begin trading.
MetaTrader 5 is a trading platform that offers traders the option of MetaTrader 4, which includes advanced charts, economic calendars, and newsfeed updates.
What fees does IC Markets Charge for Trades?
IC Markets will charge a fee for trades executed through their platform. The commission is based on what instrument was traded. It costs $3 per lot when trading forex or CFDs and $0.01 per share. Overnight financing fees may also be charged.
What Assets Can Be Traded Through IC Markets?
IC Markets CFDs are not limited to forex. They also offer CFDs on index futures and commodities, stock shares, cryptocurrency, metals trading, and futures options.
Is IC Markets Regulated?
Yes, IC Markets operates under the strict regulations of ASIC (Australian Securities & Investments Commission), which is responsible for ensuring investor safety.