Read our In-Depth 2022 IC Markets Review at IC Markets Guide.
Top-tier online trading platform and broker IC Markets is well-known among active traders for offering some of the most affordable commissions and spreads. 0 pip is when the raw IC market spreads start. IC Markets takes pride in its lightning-quick order execution times of 40 milliseconds, which enable them to conduct daily deals worth over $15 billion USD or over £10 billion GBP. One of the few brokers who can claim to provide an institutional-grade trading platform is IC Markets.
With over 20 years of financial experience in Forex, CFDs, Spread Betting, Share Dealing, and crypto currencies, this IC Markets review was produced by specialists in the field.
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Describe IC Markets.
A multi-asset broker and global online financial trading platform, IC Markets was established in 2007.
After more than 15 years, IC Markets has expanded to provide retail customers trading in Forex, CFDs, Spread Betting, Share Dealing, and Cryptocurrencies.
A worldwide broker is IC Markets. Australia serves as the headquarters of IC Markets.
Finding a broker who can suit your demands when trading on the financial markets might take a lot of time.
In this IC Markets review, we will go in-depth and evaluate how well the IC Markets platform serves as an international platform for traders to trade numerous financial assets in 2022.
You frequently have to visit and read numerous broker websites, all of which use various linguistic constructions. The language might be highly ambiguous. It can be challenging to select an online broker like IC Markets. The first few obstacles for a newcomer may be what looks to be a complicated mobile or online trading platform, difficult-to-understand financial jargon, and perplexing cost structures. In our evaluation of IC Markets, we list the benefits and drawbacks. What IC Markets can provide and in which countries they are accessible. Who regulates IC Markets and more?
Your success in online trading depends on having a trustworthy and competent broker. To prevent losing your cash, be sure your broker is genuine and trustworthy. Check to see whether your needs and your broker’s profile match in order for you to have a successful working relationship.
For this reason, we took the time to examine only the top brokerage firms, their procedures, their fee structure, and all other crucial factors. We urge you to weigh the pros and cons of each broker before entrusting your hard-earned money to them. This IC Markets review is meant to be helpful.
This IC Markets platform assessment is pretty thorough. Please take the time to read and thoroughly research the entire IC Markets review if you are considering dealing with them in any way.
We have made an effort to be as clear as we can in our explanations of the ins and outs of financial trading on the IC Markets platform so that you, the trader, are as well-informed as possible prior to using the IC Markets trading tools and depositing and withdrawing money from IC Markets.
Online investing carries the same risk as any other offline investment. As with any investment, it’s crucial to understand and thoroughly study the business you’re working with. When trading financial instruments with IC Markets, such as trading forex, CFDs, spread betting, shares, and cryptocurrencies. You should have faith in IC Markets and be assured that your financial investments on the IC Markets platform are being managed by professionals.
You can read about other respectable IC Markets alternatives at the bottom of this review.
We hope that this IC Markets review will assist you in determining whether IC Markets is a good fit for you.
The idea that trading online is simple is a prevalent one. Trading online is challenging, and traders need to do their own research and understand exactly what they are doing. You may gain vital details about IC Markets in this post that will give you a head start in the world of online trading.
With more than 232 different assets, IC Markets is a multi-asset trading platform.
With more than 232 tradeable assets, IC Markets is a multi-asset marketplace. On IC Markets, you can trade in currencies, CFDs, spread bets, shares, and cryptocurrencies.
Multiple sorts of financial asset are traded through IC Markets. Any security or anything, tangible or intangible, with a monetary value attached is considered a financial asset. This implies that financial assets such as Forex, CFDs, Spread Betting, Share Trading, and Cryptocurrencies are included.
IC Markets’ characteristics
• Virtual Portfolio, also referred to as a Demo Account.
• Trading API
Social trading is possible.
• Copy Trading is possible.
• StopLoss
• Trajectory Stops
• Orders for TakeProfit
• IC Markets provides comparative tools for Advanced Financial Charts.
• Top analysts at IC Markets provide research-backed analysis on financial markets and investing.
• Users of Windows PCs, Apple Mac computers, iOS devices including iPhones and iPads, Android devices, and online through a Web Browser can all use the IC Markets platform.
• IC Markets provides a user-friendly trading platform with capabilities for both novice and experienced traders.
Why Using the IC Markets platform in more than 8 different languages benefits users of IC Markets.
IC Markets evaluation
What you must understand
Five trading options are available with IC Markets: Forex, CFDs, Spread Betting, Share Dealing, and Cryptocurrencies. The items and assets you can access on the IC Markets trading platform vary depending on where in the world you are and with whom you have an account.
You must make a $200 minimum deposit with IC Markets. You can open a demo account to get familiar with the IC Markets platform.
Whether you are a seasoned trader or a novice, IC Markets can accommodate traders of all skill levels.
How safe are IC Markets?
The administrative structure and regulatory standing of the broker are crucial factors to consider when selecting a broker like IC Markets. Brokers that work independently from a regulating body do so at their own discretion. Your investment capital is at danger.
IC Markets, which was founded in 2007 and has been in business for 15 years, has a headquarters in Australia.
It is legal to use IC Markets. This indicates that the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), and Cyprus Securities and Exchange Commission (CySEC) regulatory agencies regulate IC Markets and check its behavior.
Three different entities that make up IC Markets are subject to three different types of regulation: IC Markets AU (ACN 123 289 109) (trading as IC Markets) is licensed to conduct financial services activity in Australia under the terms of its AFSL (AFSL No. 335692). Under the terms of CIF Licence No. 362/18, IC Markets (EU) is governed by the Cyprus Securities and Exchange Commission (CySEC). The Financial Services Authority of Seychelles regulates “IC Markets SC,” which has the Securities Dealer Licence number SD018.
Due to the regulations put in place, regulated brokers are very unlikely to manipulate market pricing. Your withdrawal request will be honored when you submit it to IC Markets. If IC Markets break any regulations, they risk losing their regulated status.
Deposits may not cover losses.
Is IC Markets a safe place for my money?
Any funds added by traders to their IC Markets accounts are kept in a separate bank account.
IC Markets uses tier-1 banks for this as an added layer of security. The standard metric for assessing a bank’s financial health and soundness is Tier 1.
Why should IC Markets use Tier 1 banks? What are they?
Regarding customer capital, a Tier 1 bank is regarded as the safest and most secure. The phrase “tier 1” actually refers to a bank’s financial stability. A Tier 1 bank often has substantial core capital reserves and is able to sustain unforeseen losses.
What does it imply if your money is put in a Tier 1 bank through IC Markets?
Any money you deposit with IC Markets is maintained in a bank with sufficient capital to handle your withdrawal requests even in the event that IC Markets is forced to close its doors for some reason.
As a result, we can say with confidence that IC Markets is both safe and reasonably secure.
Please keep in mind, though, that trading in financial assets carries some risk. Accounts may face losses as a result of insufficient market research, a lack of competence, or a failure to utilize the brokerage platform’s resources.
Losing money quickly while trading financial investments such as Forex, CFDs, Spread Betting, Share Dealing, and Cryptocurrencies is not unusual. Only engage in trading when you are aware that there is always a chance that your invested money could be lost due to market volatility. Losses may exceed deposits is another point that IC Markets makes very clear on their platform.
Now that several crucial inquiries about IC Markets have been addressed. Let’s take a closer look at IC Markets’ features.
When working with IC Markets, consider opening two accounts. The first is your genuine account with real money, and the second is your practice account. Your test account is the demo account.
Full disclosure: If you join a broker via one of our links, we might get paid.
Pros and Cons of IC Markets
Why we prefer IC Markets
• Employed by more than 180,000 traders and users of IC Markets
• Founded in 2007
• Controlled by the Cyprus Securities and Exchange Commission, the Financial Services Authority, and the Australian Securities and Investments Commission (ASIC) (CySEC)
• Minimum deposit is $200
What we see to be lacking in IC Markets
Not governed by the FCA (See alternatives)
More information on IC Markets Regulation and Licensing
We confirmed that IC Markets is overseen and regulated by credible organizations. You may look up each regulatory and supervisory body for IC Markets listed below. In the event that you encounter problems with IC Markets, regulation provides you with some remedy. Regulating bodies safeguard investors with programs like reimbursement plans that allow clients to get their money back in the event that a broker goes bankrupt.
In order to maintain their licenses and carry on business in such jurisdictions, brokerage firms must adhere to a variety of regulations and standards set by those regulatory bodies. The goal of regulation is to safeguard traders on IC Markets and create a more secure trading environment. It is crucial to have financial regulation and license clearance.
• Commission for Australian Securities and Investments (ASIC)
Authority for Financial Services (FSA)
Commission for Securities and Exchange in Cyprus (CySEC)
Reputable financial regulatory organizations oversee, control, and regulate IC Markets. Regulatory organizations keep an eye on the brokers’ actions, and if something goes wrong, they will take the appropriate action. Make sure an online broker is a legitimate internet agency before trading with them, such as IC Markets.
IC Markets: Is It Global?
Yes, IC Markets is international because it is accessible in over 162 nations.
In the sense that it operates in 162 countries, including those in Africa, Asia, Oceania, and Europe, IC Markets is a truly worldwide trading platform. The UK, Germany, Australia, South Africa, Thailand, the United States, and China are among the major nations that IC Markets serves. According to its Wikipedia article, IC Markets has more than 180,000 active users overall. Excellent numbers from IC Markets.
Awards from IC Markets
Over the 15 years that IC Markets has been a financial broker, they have garnered numerous industry accolades. The most noteworthy honors and mentions for IC Markets are mentioned here.
• Best ECN Broker 2019 – ADVFN International Financial Awards
• 2013 Best Retail Broker Execution Winner at the Forex Magnates Awards
• 2012 Financial Institution of the Year, Asia-Pacific Financial Investment Association
The Charges for IC Markets
• Withdrawal costs are not assessed by IC Markets.
• Inactive accounts are not subject to any fees at IC Markets.
• Deposit fees are assessed by IC Markets.
Modern internet trading platforms, mobile trading applications, financial research tools, and instructional resources are all provided by brokers. For a brokerage to continue offering these services and generate income as a business. You should be informed of the numerous trading fees that brokers may charge their consumers because they could have an impact on your bottom line.
Minimum Deposit IC Markets
When opening an IC Markets trading account, a minimum deposit of 200 GBP/USD/EUR is required.
The minimal sum of money needed by IC Markets to start a new online brokerage account with them is known as a minimum deposit.
Do not be put off by brokers who require a minimum deposit to create a trading account, such as IC Markets. Higher minimum deposit brokers frequently provide extra premium features on their platforms that are not offered for free on other platforms.
Brokers with smaller minimum deposits typically target a more general market that doesn’t need some of the more sophisticated features and research tools.
Brokers that don’t require minimum deposits typically do so to draw in new clients. Transaction commissions and other trading fees could be greater with a low minimum deposit account since they need to generate returns in some other way.
Brokers with higher minimum deposit requirements typically have a wider selection of trading features available on their platforms. These brokers frequently have superior risk management features and more thorough technical analysis and research capabilities.
The minimum amount needed to start a live trading account has decreased as more online trading platforms have joined the market and as more brokers compete for new customers.
Some brokers demand a minimum deposit as high as 6500 GBP/USD depending on the type of trading account you choose. Some brokers provide exchange rates up to 10,000 GBP/USD.
Withdrawal fees for IC Markets
Withdrawal costs are not assessed by IC Markets.
Each broker has its own unique withdrawal policies that govern how money can be taken out of trading accounts.
This is due to the fact that every brokerage house will have a distinct withdrawal process, and every payment provider may have various transfer processing costs, processing delays, and potential currency conversion fees. Your base currency, your receiving currency, and your payment provider all affect the conversion fee.
For instance, IC Markets enables you to withdraw money using credit cards, debit cards, VISA, MasterCard, bank transfers, PayPal, Neteller, Neteller VIP, Skrill, Poli, checks, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, electronic wallets (eWallets), broker to broker transfers, Thai internet banking, and Vietnamese internet banking.
Processing of Withdrawal Requests from IC Markets
The deadline for withdrawal requests is 12:00 AEST/AEDT. Your withdrawal will be processed the day it is received if it is submitted before this deadline. Your withdrawal will be processed the following business day if it is submitted after this time.
Bank Fees for Withdrawals from IC Markets
For deposits or withdrawals, IC Markets doesn’t impose any additional costs. However, you should be aware that payments to and from a number of international banking institutions may be subject to fees. Such bank costs are not the responsibility of IC Markets.
International Fees for Withdrawing from IC Markets
Our banking institution charges a processing fee of 20 AUD, or its equivalent, for international bank wire transfers. This fee will be subtracted from your withdrawal proceeds. However, this could change according on your authority and the bank you use, and it could take up to 14 days in addition to costing more for intermediaries.
Pay with Paypal, Neteller, or a credit card at IC Markets.
Withdrawals from PayPal, Neteller, and Skrill must be made using the same account that sent the money in the first place. These transactions are performed without any fees and are completed instantly.
Inactivity Charges at IC Markets
There are no fees associated with inactive accounts at IC Markets.
A fee is assessed to the registered brokerage client known as an account inactivity fee.
According to the terms and conditions of the accounts, clients may be required to comply with certain trading activity requirements set forth by brokers.
An inactivity fee could be owed if a client’s trading account doesn’t engage in any buying and selling for the predetermined amount of time set by the broker.
Online trading accounts are not the only ones that incur inactivity penalties. There may be inactivity fees levied by several financial service providers. Make sure you are informed of and satisfied with all the services and costs you can be charged by visiting the broker’s website.
Close your trading account if you are no longer using it by contacting the broker’s customer service. A certification that any outstanding fees are not owed should also be obtained.
You may only be assessed an inactivity fee under specific conditions, depending on the type of account you have opened. A broker is required by regulation to disclose any inactivity costs in full.
Some brokerage firms may levy inactivity fees as compensation for retaining your account on their expensive trading platforms, in an attempt to claw back money for the lack of commission fees from your trading.
Deposit Fees at IC Markets
Deposit fees are paid to IC Markets.
As some brokers may charge a fee when you deposit money from your payment method to your trading account, you should constantly verify the deposit fees. This is due to the possibility of fees associated with the payment method you use to fill your account.
When you add a certain type of fiat currency to your account, a fixed fee can apply. For instance, it is well knowledge that costs are high when making a credit card deposit. If your broker permits credit card funding of your account, then this will apply.
Commissions from IC Markets
On CFD instruments, IC Markets does levy a commission.
In exchange for enabling the purchase and sale of financial assets through your trading account, a broker may charge a commission fee.
The majority of a brokerage’s income can come from commission fees levied on customer transactions to registered traders.
Depending on the type of trading you do, the type of financial asset you are using, and the size of your trading account, commission costs can vary.
If the brokerage completes, cancels, or alters an order on your behalf, broker commissions will be assessed.
Typically, no commission is assessed if your brokerage does not fulfill a market order.
Be advised that your brokerage may impose a commission fee if your order is changed or canceled.
With IC Markets, what can you trade?
Due to legal limitations, different organizations operating under the IC Markets Brand may provide various trading instruments. Depending on the entity holding the customer account and the client’s country of residence, several trading instruments may be available. The trading instruments that IC Markets offers can also change depending on the trading platform you use.
With IC Markets, you can trade a huge selection of instruments—more than 232 instruments in all.
If you are seeking for Forex brokers to trade currency pairs on global Forex exchanges IC Markets provide over 65 currency pairs.
Trading via the web platforms and other applications of IC Markets
One of the few brokers, IC Markets, provides both the MT4 and MT5 MetaTrader platforms. You can read our MT4 vs. MT5 comparison here to see how the two platforms stack up against one another.
One of the few brokers that offers the cTrader platform designed for traders is IC Markets. See our comparison of MT4 brokers for a list of forex brokers that provide the cTrader platform.
Your phone or tablet will work faster with an IC Markets iOS or Android native app than it will with the Avatrade website.
In order to make it simpler for you to monitor and complete your trades while you’re on the go, IC Markets also provides mobile apps for Android and iOS.
Is the trading platform for IC Markets secure?
With SSL encryption on its PC and mobile platforms, IC Markets protects the private information of its customers. Through its web platform, IC Markets also exhorts its users to always check for the SSL security sign (a lock sign) on the browser when using IC Markets.
Options for the IC Markets trading platform
You will have access to the trading platforms listed below after you log into your IC Markets account.
the MetaTrader 4 (MT4)
The MetaTrader 5 (MT5)
• cTrader
Let’s take a closer look at each of these trading platforms and the possibilities that IC Markets offers.
MetaTrader 4 for IC Markets (MT4)
One of the most well-liked trading platforms out there is MetaTrader 4, sometimes referred to as MT4, which has been utilized on the financial markets since 2005. To meet all of your trading demands and improve your trading success, the MetaTrader 4 platform offers a feature-rich, approachable user interface and a highly customizable trading environment. tools for extensive order management and charting functionality.
Recognize that although the MetaTrader 4 (MT4) trading platform was created primarily for trading Forex, you may trade various financial instruments through CFDs and Spread Betting. Any MetaTrader 4 (MT4) platform will not allow you to trade Stocks, Indices, Commodities, ETFs, or Futures unless they are CFD contracts or Spread bets. Because you are speculating on price movements with IC Markets, you will not own any underlying assets when you use CFDs or Spread bets.
With IC Markets, the MetaTrader 4 platform is available in a variety of versions, including an online web platform, a downloaded application for Windows PCs, and an application for Apple Macintosh computers. The newest version of macOS, Mojave, is compatible with IC Markets MetaTrader 4. Trading on mobile devices is possible through IC Markets using iPhones and Android phones.
IC Markets’ Metatrader 4 Webtrader
As more and more traders start trading online, MetaTrader 4 is the most widely used trading platform worldwide. You can access MetaTrader 4 through your web browser. With powerful charting, a highly customizable trading environment, simple access to online trading tools, and a variety of indicators, MetaTrader 4 web software offers the same user-friendly performance as the desktop version. Without a Dealing Desk, you can take advantage of our Raw Pricing trading environment from anywhere in the world.
Utilize iOS devices to trade IC Markets MetaTrader 4
You can trade with IC Markets through the MetaTrader 4 app on the Apple app store, or you can download the IC Markets app.
The Metaquotes MetaTrader 4 Program is available for free download from the Apple App Store. Customers of IC Markets have immediate access to these financial markets and the option to fully manage a Portfolio while on the road.
Use Android devices to trade with IC Markets MetaTrader 4
Millions of people across the world utilize tablets and mobile devices made by Android. Customers can watch the financial market and conduct trades directly from their Android-based smartphones and tablets thanks to IC Markets’ access to the MetaTrader 4 platform on devices that support Android. The IC Markets MetaTrader 4 Android application allows traders to take use of a number of cutting-edge trading tools that let them monitor and trade Forex fast, easily, and safely while on the go.
MetaTrader 4 Trading Central for Trading IC Markets
Three major indicators are included in Trading Central’s Alpha Generation Indicators bundle, including:
A go-to resource for leadership and key levels is Analyst Perspectives.
• Adaptive Candlesticks – Recognizes chart patterns that highlight significant shifts in supply and demand.
• Adaptive Divergence Convergence (ADC): Similar to MACD, but helpful for shorter periods of time and offering more timely signals.
Advanced Trading Tools for MetaTrader 4 by IC Markets
The enhanced trading features from IC Markets for MetaTrader 4 are intended to enhance the overall trading experience and provide traders a competitive edge. 20 special products are available through IC Markets, including feature-rich trade execution and administration software, intelligent notification alarms, communications capabilities, cutting-edge market data, and more.
MetaTrader 4 MultiTerminal Trade IC Markets
A user-friendly dashboard is provided by MetaTrader 4 MultiTerminal so that traders can manage and keep an eye on multiple trading accounts. You may manage more than 100 Accounts at once with MultiTerminal, enabling you to make market orders, monitor pending orders, examine real-time market pricing, and keep track of all accounts and equity. The same MetaTrader server must host all trading accounts. Expert Advisor-type automated trading scripts are not supported by MultiTerminal.
Types of IC Markets MetaTrader 4 Charts
Line charts, open high low close charts, bar charts, and candlestick charts are just a few of the common chart styles offered by IC Markets. Charts can be exhibited in a variety of ways, including Black on White, Green on Black, and Yellow on Black. Other display settings include showing the chart in the foreground, shifting the chart, having the chart auto-scroll, showing the OHLC, the ask line, the period separators, the grid, the volumes, and showing the object descriptions. Also available are 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly timeframes for the chart.
MetaTrader 4 Charting Tools & Indicators from IC Markets
There is a good assortment of charting tools and indicators available on IC Markets MetaTrader 4.
Indicators for MetaTrader 4 charts
Bolinger Bands, Accelerator Oscillator, Awesome Oscillator, Average True Range, Accumulation/ Distribution, and Alligator are several chart indicators.
Trend indicators for charts on MetaTrader 4
The Bollinger Bands, Envelopes, Average Directional Movement Index, Parabolic SAR, Moving Average, Ichimoku Kinko Hyo, and Standard Deviation are some of the chart trend indicators.
Chart oscillator indicators for MetaTrader 4
The Tripple Exponential Average, Average True Range, Commodity Channel Index, DeMarker, Bulls Power, Force Index, MACD, Relative Strength Index, Relative Vigor Index, Momentum, Moving Average of Oscillator, Stochastic Oscillator, and Williams Percent Range are some oscillator charting indicators.
Indicators for MetaTrader 4 Chart Volume
Accumulation/Distribution, the Money Flow Index, and On Balance Volumes are some volume indicators.
Chart Bill Williams Indicators for MetaTrader 4
The Market Facilitation Index, Gator Oscillator Alligator, Fractals, Accelerator Oscillator, and the aptly called Awesome Oscillator are some of Bill Williams’ indicators.
MT4 Buying and Selling on IC Markets
MT4 News Feeds from IC Markets
With access to news feeds from prominent financial market news websites like DailyFX, RTTNews, FXStreet, Reuters, Oanda, The Telegraph, and MarketWatch, IC Markets provides access to the most recent financial market news. To read the article in full, just click the newsfeed item.
MT4 Language Support by IC Markets
English, Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Malay, Mongolian, Persian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Tajik, Thai, Traditional Chinese, Turkish, Ukranian, Uzbek, and Vietnamese are among the 40 languages supported by IC Market
MetaTrader 4 and MetaTrader 5 AutoChartist from IC Markets
The first Market Scanner accessible for MT4 and MT5 is offered by IC Markets Autochartist using a non-trading Expert Advisor script. View all symbols and time intervals from a single graph to search markets for trading opportunities. The days of opening numerous graphs on which you couldn’t recall which currency you were viewing are long gone. Autochartist provides a straightforward user interface that may be adjusted to fit your trading style.
IC Markets evaluation
MetaTrader 5 for IC Markets (MT5)
MetaTrader 5, usually referred to as MT5, is a multi-asset trading platform that offers a variety of trading capabilities, financial research tools, and the ability to use automated trading systems (trading robots) and copy trading. In the financial markets, new features like more periods and sophisticated charting tools might provide you an advantage.
The upgraded version of MetaTrader 4 is called MetaTrader 5, and it was introduced in 2010.
While MetaTrader 5 enables trading in forex, futures, stocks, algorithmic trading, ETFs, and indices, MetaTrader 4 was created exclusively to trade forex and CFDs.
MetaTrader 5 WebTrader Trade IC Markets
You can use any web browser to access your IC Markets MetaTrader 5 accounts. It includes a wide range of tools to give you all the trading resources you require to trade on and analyze the financial markets, such as different timeframes and the most recent technical indicators.
IC Markets evaluation
MT5 Buying and Selling on IC Markets
iOS Devices Support for IC Markets MetaTrader 5
The iPhone and iPad, as well as later iOS devices, can run IC Markets MetaTrader 5. A mobile internet connection or a Wi-Fi connection are necessary to use MetaTrader 5. It is advised that you frequently update the iOS MetaTrader 5 app. New versions offer more stable and functionally advanced architectures. Market statistics for financial instruments traded in market execution mode are viewable by traders using IC Markets MetaTrader 5.
MetaTrader 5 for Android Devices from IC Markets
On an Android smartphone or tablet running Android 5.0 or a higher operating system, MetaTrader 5 for Android can be utilized. to establish a connection to the trading server for IC Markets Spend some time learning how to use every feature of Android MetaTrader 5. You can trade a variety of financial instruments anytime, anywhere with Metatrader 5 for Android.
Features of the IC Markets Metatrader mobile application
The creators of Metatrader, MetaQuotes, took their millions of customers’ opinions into consideration when creating the most well-liked mobile trading platform in the entire globe. Features of MetaTrader include:
• Quotes for financial instruments
• Check out detailed price charts for financial products.
• Control open positions and trades
• Examine your trading record
• Look at market news
• Internal messaging in MetaTrader
• Examine and learn about the financial products offered by IC Markets.
• Opening and closing of positions
• Search the quotations section for symbols.
• Deals are displayed on graphs
• Choosing a time window for graphs and charts
• Additional vertical graph scaling
• The ability to use QR codes to move accounts to other devices
• Only information provided by IC Markets is available.
• Utilize your fingerprint or FaceID to access the OTP generator.
MetaTrader 5 Advanced Trading Tools from IC Markets
For more experienced users, IC Markets MetaTrader 5 offers a variety of sophisticated trading tools. Your ability to use these tools effectively can provide you an advantage.
• Market depth bids and asks
Cost Information
• Margin calculations for forex and futures
• Advanced Techincal Analysis
• One-button trading
• Spreads
• Futures
• Trading News
•
IC Markets evaluation
cTrader for IC Markets
For Forex and CFD brokerages to offer to their traders, CTrader is a complete trading platform solution. The platform offers a wide range of features to satisfy even the most specialized investment preferences.
The IC Markets’ cTrader Premium Charting and Manual Trading Platform
The best multi-asset trading platform for forex and CFDs is cTrader. Advanced order types, charting features, amount II pricing, and rapid entry and execution are all provided by cTrader. It connects to cutting-edge infrastructure and has a stunning style and dashboard that can be accessed from a variety of devices.
On IC Markets, cTrader Copy is accessible.
Everyone using CTrader Copy has the ability to share their trading and investing strategies for a charge or commission. Other dealers can look over the accessible strategies, copy them, and enjoy risk-free investing. Additionally, traders are free to utilize their own risk management setups.
On IC Markets, cTrader Automate is accessible.
Using CTrader Automate, traders may build algorithmic trading bots to automate their financial trading strategies. Developers may test and optimize their financial robots using the IDE, which dealers can utilize to build code using the modern C# API provided by cTrader.
IC Markets offers the cTrader Open API.
Build your own applications with the help of the free, safe, and widely accessible cTraders Open API. The established infrastructure of cTraders can be used by developers to build desktop, mobile, and web services. Developers may communicate and interface with any cTrader account thanks to the open API.
More information on the cTrader Platform is available here.
Benefits of IC Markets Trading
• Permits scalping
• Permits hedging
• Minimal deposit
• Provides Negative Balance Defense
Offerings for IC Markets Trading Accounts
The several account types that IC Markets offers are summarized here. Whatever you are wanting to trade, one of the many account types offered by IC Markets will be able to meet your needs.
Standard accounts and the industry standard Raw Spread accounts are the two types of accounts offered by IC Markets.
The Raw Inter-Bank Spread received from our liquidity sources is shown in the Raw Spread Account. A commission fee of $7 is applied to each round turn of a regular lot.
Standard Account: IC Markets does not impose a commission on Standard Accounts; instead, a markup of 1 pip is added to the spread above the interbank rate that we get directly from our liquidity sources.
• Trial account
• A small account
• Regular account
• Account with no spread
• Account for Raw Spread
• A Muslim account
Can I check out IC Markets?
Before making funding contributions, you can test out IC Markets’ demo account. Open a demo account to practice trading.
Deposits may not cover losses.
IC Markets funding and withdrawal procedures
Please take note that the IC Markets Entity and the Client’s Country of Residence will determine which payment options are available to you.
You can check your IC Markets members area or the IC Markets website to see all the payment options you have access to.
The funding payment options below are provided by IC Markets. If they are accessible in your area, you can utilize any of the deposit options listed below.
Payment Options for IC Markets
Credit Cards are accepted by IC Markets.
VISA is accepted by IC Markets.
MasterCard is accepted by IC Markets.
Debit cards are accepted by IC Markets.
Visa is accepted by IC Markets.
MasterCard is accepted by IC Markets.
• Bank Transfer is accepted by IC Markets.
PayPal is accepted by IC Markets.
• Neteller is accepted by IC Markets
• Neteller VIP is accepted by IC Markets.
• Skrill is accepted by IC Markets.
• IC Markets recognizes Poli
• IC Markets takes checks.
• IC Markets will take BPAY.
UnionPay is accepted by IC Markets.
FasaPay is accepted by IC Markets.
• QIWI is accepted by IC Markets.
RapidPay is accepted by IC Markets.
Klarna is accepted by IC Markets.
• Electronic wallets are accepted by IC Markets (eWallets)
• IC Markets accepts broker-to-broker transactions.
• Thai Internet Banking is accepted at IC Markets.
• Vietnamese Internet Banking is accepted by IC Markets
*Please note that the payment options for IC Markets and other brokers depend on the client’s place of residency.
How can I get started trading on IC Markets?
You must register here before opening a trading account with IC Markets. The next step is to download the trading platform of your choosing after you have submitted your identification documents for account validation, received your login information through email, and made a deposit. Here, you may find comprehensive instructions on IC Markets’ trading platforms. As part of the onboarding process and routine KYC identification checks at IC Markets, you will be required to present some basic evidence to support your identity. These routine inspections assist IC Markets in providing a secure financial setting for their 180,000 users.
Deposits may not cover losses.
Carrying out transactions with IC Markets
You can execute a trade with IC Markets for as little as 0.01 Lot. Depending on the account you open, this can change. Depending on the trader and the instrument, different maximum trade requirements apply.
In comparison to an ECN broker, who benefits from a higher number of trades and often has larger capital and minimum trading requirements, IC Markets may have lower entrance criteria because it is a market maker. Market makers often have lower minimum deposit requirements, lower minimum trade requirements, and no commission requirements for trades. With its tight and low spread, IC Markets is one of the biggest and most successful Forex CFD providers in the world.
You don’t have to be concerned about slippage because IC Markets is one of the few brokers that claims to have no requotes (your trades being ordered at a different price to what you executed them at).
The amount of margin needed varies based on the instruments, as with most brokers.
Additionally, IC Markets provides a variety of helpful risk management tools, including limit orders, stop losses (including trailing stops), negative balance protection, price alerts, and much more. Here, you can get a list of all the account features that IC Markets provides.
Trading CFDs on the IC Markets
Let’s look at some of the fundamentals of leveraging with IC Markets.
For this example, we’ll use CFDs from IC Markets, which give 10 times leverage.
You have a $10,000 position, but you only tie up $1,000, or one-tenth of the value, on your account. A modest amount of money is in charge of a significantly larger financial predicament. Your leverage is this.
Leverage simply increases your gains and losses in both directions, which is how it affects your business.
When trading, IC Markets leverage amplifies gains and losses.
Let’s imagine, for instance, that you use the IC Markets trading platform to buy or sell 10,000 dollars’ worth of General Electric (GE) using contracts for difference (CFDs).
If General Electric (GE) gains 10% as a result of strong performance, your position, which was worth $10,000, is now worth $11,000.
Its value has increased by $1000 (10%), which is a 100% increase over the money you initially invested in your leveraged CFD trade.
Because the price increased by 10%, the initial $10,000 investment we made in the deal resulted in a $1,000 profit.
Leverage at IC Markets works both ways. If General Electric (GE) Experiences a 10% Drop in Week Results, your stock, which was once worth $10,000, is now only worth $9,000. Its value has decreased by $1,000.
Short- to medium-term trades are the norm for IC Markets CFDs. Consider the intraday CFD trading at IC Markets. A CFD trade can be more flexible than a regular market trade where you hold the underlying asset, despite the fact that it carries a high level of risk due to its separation from the financial markets. Short selling, overseas markets, and CFD fractional shares are all accessible through CFD trading. CFDs can also be used to hedge by more experienced traders.
Always be conscious of the fact that CFDs are complicated financial instruments with a high risk of losing money quickly owing to leverage. Deposits may not cover losses.
Trading using IC Markets’ Negative Balance Protection: Reducing Your Risk
We ought to talk about IC Markets’ negative balance protection. When trading with leverage, a bad move could cause you to lose more money than the balance in your IC Markets trading account. Negative Balance Protection ought to be established by your broker as usual practice if your broker is governed by the FCA. It’s possible for your IC Markets account to lose money. The usage of negative balance protection is advised. By employing negative balance protection, you may be certain that your losses will never exceed the amount of money that is currently in your account.
When trading, limit risk by using IC Markets Stop Loss and IC Markets Stop Limit Orders.
A stop-loss order is a request made to a broker, such as IC Markets, to purchase or sell a stock at a specific price. A stop-loss is intended to reduce a trader’s loss on a position in a security.
Unless the trade is hedged against another trade or the trader is not utilizing leverage, most traders need to utilize stop losses to protect themselves from significant risk. Depending on the commerce and the marketplace, circumstances change.
Resources for Education at IC Markets
Understanding the markets and the trading tools offered by IC Markets is crucial for successful trading with them. Make careful to utilize all available educational resources. This also refers to outside and using IC Markets’ educational resources.
A wide range of instructional resources are available at IC Markets. Learn how the financial markets operate slowly. Spend some time learning how to use your trading platform. Make buy/sell trades, get knowledge about how to profit from global trading opportunities, and, most importantly, discover how to reduce and manage investing risk.
It might be a good idea to approach trading with IC Markets analytically.
Spend some time exploring the IC Markets platforms to develop your ability to reason rationally and systematically about the markets. Many people lack these skills, but the market needs them from you.
Service to customers at IC Markets
The customer service choices, response times, and efficiency of the trading platform problem resolution are all examined as part of our IC Markets review. IC Markets supports a large number of languages, including English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, German, and more.
Because IC Markets offers more than three languages, IC Markets has an A grade support rating.
Support for live chat at IC Markets
The IC Markets live chat passed our tests and is effective. Through their app and website, we messaged IC Markets livechat, and we got a response within 8 minutes.
We tried contacting IC Markets support in various languages and locations. Our customers’ problems were solved by IC Markets.
Email assistance from IC Markets
The majority of the emails we sent to IC Markets received prompt responses. The response time from IC Markets varied from less than 40 minutes and 9 hours. Although IC Markets support response times may differ for you, this was our experience after sending 10 emails at various times.
Our questions were answered and resolved by the team. Overall, IC Markets provides good email support.
Call Center at IC Markets
Phone Support is not available from IC Markets.
Compare IC Markets Support to That of Other Brokers.
What is required in order to open an account with IC Markets
Every new client of IC Markets must pass a few straightforward compliance checks to confirm that they understand the risks of trading and are authorized to do so because IC Markets is governed by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), and Cyprus Securities and Exchange Commission (CySEC). You’ll probably be asked for the following information when opening an account, so it’s a good idea to have it on hand:
• Keep in mind that the Proof of Address expiration dates for various IC Markets Brand entities may vary.
• A color scan of your passport, driver’s license, or government-issued identification
• A recent three-month bank or utility statement that includes your address
It’s best to allot at least 5 minutes to finish the account opening procedure because you’ll also need to respond to some basic compliance questions to verify your level of trading experience.
Despite the fact that you might be able to browse the IC Markets platform right away, it’s vital to remember that you won’t be able to do any transactions until you pass compliance, which could take several days depending on your circumstances.
Visit the IC Markets trading site here to begin the process of creating an account with them.
CFDs are leveraged products that carry a risk that exceeds your initial investment. Trading always entails risk. Just risk money you’re willing to lose. Performance in the past does not ensure success in the future.
IC Markets: A Reputable Broker
We thoroughly investigated IC Markets for more than three months. We discovered a lot of incredibly helpful things with IC Markets’ overall offering, despite the fact that it is not flawless. Our own trading experience with IC Markets was excellent. When several factors are considered, IC Markets is a good broker.
• IC Markets has a solid reputation for providing services in the areas of Forex, CFDs, Spread Betting, Share Dealing, and Cryptocurrencies.
• IC Markets has been around for more than 15 years.
• IC Markets has at least 10 reasonable-sized customer service representatives.
• The Cyprus Securities and Exchange Commission, the Financial Services Authority, and the Australian Securities and Investments Commission (ASIC) all regulate IC Markets (CySEC). This means that IC Markets is governed by a jurisdiction that has the authority to hold a broker accountable for their mistakes or, at the very least, act as an arbitrator in the event of more serious disagreements.
• Reputable regulators oversee IC Markets’ regulation.
• Deposits and withdrawals can be processed by IC Markets in 2 to 3 days. When taking money out, keep this in mind.
• IC Markets is present abroad in a number of nations. This covers nearby seminars and training for IC Markets.
• IC Markets has the ability to hire individuals from all over the world who are more fluent in your native tongue.
IC Markets Disclosure of Risk
Deposits may not cover losses.
Warning about Trading Risk
There is a very high amount of risk involved in trading financial assets, including cryptocurrencies and foreign exchange markets. You run a greater risk of losing money if you trade on margin or with leverage. Off-exchange financial products and derivatives may offer varied degrees of leverage, little legal protection, and substantial market volatility. It should never be assumed that any investing tools, methods, metrics, or other resources would be profitable. You need to be informed that investing could lead to monetary loss.
Not nearly right, IC Markets?
Check out these IC Markets alternatives if, after reading this IC Markets evaluation, IC Markets does not meet your demands.
View the top IC Markets alternatives here.
Years have been invested in our search for the top IC Markets alternatives. To find out more, click on the links below.
Frequently Asked Questions for IC Markets
Read our comprehensive, 2022-revised IC Markets FAQ Section.
Can I check out IC Markets?
Before making a deposit, you can test the IC Markets platform by trading virtually using a demo account from IC Markets. Trading virtually with IC Markets carries no risk. DISCOVER MORE HERE
What forms of payment does IC Markets accept?
The list of payment options below is subject to change depending on the IC Markets Entity and the client’s country of residence.
Among other funding options, IC Markets accepts the following payment processors: BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Thai Internet Banking, and Vietnamese Internet Banking. Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, and Cheque.
DISCOVER MORE HERE
Deposits may not cover losses.
How safe is IC Markets?
Because of its regulation and oversight by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), and Cyprus Securities and Exchange Commission, IC Markets are regarded as being secure (CySEC). Any funds added by traders to their IC Markets accounts are kept in a separate bank account. For added security IC Markets use tier-1 banks for this. The standard metric for assessing a bank’s financial health and soundness is Tier 1.
Deposits may not cover losses.
Are IC Markets trades profitable?
Trading with IC Markets is regarded as safe and respectable. Over 180,000 traders and users of IC Markets use it. Forex trading, CFD trading, spread betting trading, share dealing trading, and cryptocurrency trading are all available through IC Markets. 200 is the minimum deposit amount at IC Markets.
Is trading on IC Markets legal?
In 2007, IC Markets was established in Australia. For more than 15 years, IC Markets has facilitated trade on the financial markets. Customers can trade in Forex, CFDs, Spread Betting, Share Dealing, and Cryptocurrencies through IC Markets. For security reasons, IC Markets holds all deposited money in separate bank accounts. The Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC) all supervise IC Markets, making it legitimate.
Is IC Markets a trustworthy broker?
The Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC) monitor IC Markets, making it a top-tier broker. Forex trading, CFD trading, spread betting trading, share dealing trading, and cryptocurrency trading are all permitted by IC Markets.
Is IC Markets a dependable broker?
Trustworthiness can be attributed to IC Markets. The entire sum of funds provided to IC Markets is deposited into a separate bank account. This indicates that IC Markets does not hold your money directly. Since the broker does not have access to your money directly, they cannot steal it. Additionally, the Cyprus Securities and Exchange Commission, the Financial Services Authority, and the Australian Securities and Investments Commission (ASIC) all regulate IC Markets (CySEC).
What is the IC Markets minimum deposit amount?
To start trading with IC Markets, you must make a 200 deposit.
How long do withdrawals from IC Markets take?
The processing period for IC Markets withdrawals varies based on the method but often takes 2 to 5 days.
IC Markets is it governed?
Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), and Cyprus Securities and Exchange Commission all regulate IC Markets (CySEC). As part of IC Markets maintaining its regulatory status, regulatory organizations perform routine assessments and audits. The websites of the regulatory bodies include more information about these reviews.
Is market manufacturer IC Markets?
Market makers include IC Markets. IC Markets will buy stocks, money, and other commodities and instruments even if a buyer is not already set up.
How can I get started trading on IC Markets?
When opening a trading account with IC Markets, you will need to sign up here. The next step is to download the trading platform of your choosing after you have submitted your identification documents for account validation, received your login information through email, and made a deposit.
Is IC Markets a safe place for my money?
Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), and Cyprus Securities and Exchange Commission all regulate IC Markets (CySEC). When picking a broker like IC Markets, one of the most crucial factors for traders to consider is the broker’s regulatory status and regulating body. Brokers that operate their businesses unrestrictedly do so at their own discretion and run a direct danger to the safety of the money of their clients.
Due to the regulations put in place, regulated brokers are very unlikely to manipulate market pricing. Your withdrawal request will be honored when you submit it to IC Markets. They risk losing their regulated status if they break any regulations.
Are IC Markets scams?
IC Markets is regulated and well established having been in operation for over 15 years. A scam, IC Markets is not.
Can you profit from IC Markets?
Despite the fact that IC Markets has helped traders succeed greatly. Trading with IC Markets on the financial markets is not a quick-money program. Your chances of success will significantly rise if you educate yourself, practice with a demo account, and carefully plan your trading. Never invest money that you cannot afford to lose in a trade. Deposits may not cover losses.
Has IC Markets got any charges?
Withdrawal costs are not assessed by IC Markets. Inactivity fees are not levied by IC Markets. Deposit fees are paid to IC Markets.
When did IC Markets get its start?
In 2007, IC Markets was established.
How big is the IC Markets user base?
Over 180,000 users who have registered on IC Markets use it.
What nation is home to IC Markets?
Australia serves as the headquarters of IC Markets.
Does IC Markets provide protection against negative balances?
IC Markets provides insurance against negative balances. Traders are protected against losing more money than they have placed thanks to negative balance protection.
Can I get a guaranteed stop loss with IC Markets?
The stop loss is not guaranteed at IC Markets. Risk is handled with assured stop loss protection. Your trade will be closed at the price you specify, guaranteed. Only during market hours and regular trading conditions are stop loss orders guaranteed.
Can I scalp on IC Markets?
With IC Markets, you can scalp.
Is hedging permitted on IC Markets?
Hedging is offered by IC Markets.
IC Markets does it provide CFD trading?
CFD trading is offered by IC Markets.
Offers STP IC Markets?
STP trading is not available at IC Markets.
How big is the IC Markets user base?
Over 180000 traders and consumers of IC Markets use it.
Is IC Markets a broker with an ECN?
ECN trading is not available on IC Markets.
A demo account is offered by IC Markets?
A demo account is available through IC Markets.
Does IC Markets provide an account for Muslims?
A Muslim account is available from IC Markets.
What are the IC Markets’ funding strategies?
Please be aware that the funding alternatives and methods offered by IC Markets depend on the nation where the client is located and may be discovered in the IC Markets Members area. Please check the IC Markets website to see your exact available payment options. BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, and Vietnamese Internet Banking are just a few of the funding options accepted by IC Markets. Credit Cards, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, and Cheque are also acceptable options.
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