IC Markets Review 2023 – Pros and Cons

UPDATED ON :

IC Markets is an Australian-based online Forex and CFD broker. The company was founded in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers trading services in a variety of financial instruments, including Forex, commodities, indices, stocks, and cryptocurrencies.

One of the main features of IC Markets is its low spreads, which are advertised as starting from 0.0 pips. The company offers several trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, as well as mobile trading applications for iOS and Android.

IC Markets offers a range of account types to suit the needs of different traders, including standard accounts, Raw Spread accounts, and Islamic accounts. The company also offers a demo account for traders to practice trading strategies and test out the platform without risking real money.

Overall, IC Markets is a well-regarded broker in the industry, known for its low spreads, fast execution speeds, and robust trading platform offerings. However, as with any broker, traders should carefully consider their individual needs and trading objectives before choosing a broker and opening an account.

IC Markets

Brokers Name

IC Markets

Regulation

ASIC, Cyprus CySEC, FSA

Established

2007

Headquarters

Australia

Trading Desk

ECN

USA Clients

No

24H Support

Yes

Weekend Support

No

Website Language

Arabic, Chinese, English, French, German, Indonesian, Italian, Korean, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech

Account Details

Accounts

Min. Deposit

$200

Base Currencies

USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, EUR

Leverage

1:500

Spreads

0.0 pips

Fixed Spread

Yes

Margin Call / Stop Out

100% / 50%

Trading Platform

MT4, MT5, cTrader

Trading Instruments

60+ currency pairs, CFDs on futures, indices, commodities, metals, 2,100+ stocks, bonds, cryptocurrencies. A total of 2,100+ instruments

Pros

  • Low trading fee
  • Ultra-low spreads
  • Low commission
  • Fast Execution

Cons

  • Does not accept US clients
  • No weekend support

Trading Features

Commission

Yes

Mini Accounts

No

Standard Accounts

Yes

VIP Accounts

No

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

Yes

Managed Accounts

No

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

No

Educational Service

Yes

Copy Trading

Yes

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Funding

Deposit

Credit and Debit Cards, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, Thai Internet Banking, POLI, Rapidpay, Klarna, Vietnamese Internet Banking

Withdrawal

Credit and Debit Cards, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, Thai Internet Banking, POLI, Rapidpay, Klarna, Vietnamese Internet Banking

Contacts

Phone

+248 467 19 76

Email

support@icmarkets.com

Address

Eden Plaza, Office 222, Eden Island, Mahe, Seychelles

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *