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IC Markets Review: Best Broker Hands Down for your Trading

IC Markets Review: Best Broker Hands Down for your Trading

IC Markets is one of the most recognizable brokerages or trading platforms the forex industry has seen.

For those new to forex trading, icmarkets.com is one of the best trading platforms for newbies looking to get a footing in the online world.

The brokerage offers low spreads starting from 0.0 pips and is one of the fairest and most transparent trading platforms.

Our IC Markets review will open your eyes to the pros and drawbacks of dealing with one of the greatest trading platforms.

PS: Find out the best trading brokers according to experts who have tested each of these trading platforms for years.

Want to learn more about IC Markets and what the brokerage brings to the table? Fasten your safety belt and here we go;

About IC Markets

Background and history of IC Markets

Apart from being one of the most established online forex trading platforms, IC Markets is also revolutionizing the way we trade.

The platform offers trading solutions for active day traders and scalpers as well as introducing others to forex trading.

With an experienced management team behind IC Markets, investors and traders alike have enjoyed the fruits of a successful work relationship.

IC Markets was founded by a group of professionals and traders in the financial service industry. And these founders were instrumental in the platform’s success.

Why was icmarkets.com founded?

The idea behind this platform was to bridge the gap between retail and institutional clients and offer transparent trading solutions.

These services were previously available to investment banks and other high-end net-worth individuals.

Core Values of IC Markets

Let’s dive into the core values that make icmarkets.com stands out from the crowd. These are the ideologies and goals of this wonderful online forex trading platform.

  • Commitment and Responsibility

IC Markets is entirely committed to ensuring there’s growth in the forex industry by furnishing traders with the necessary skill set.

The platform offers some of the best and fair trading environments for both newbies and skilled traders.

  • Constant Innovation

We have seen a platform that has over the years presented itself as a professional trading platform with world-class services.

In addition to offering a safe trading environment, the platform also offers innovative trading solutions to all parties involved.

  • Flexibility

One of the most notable key elements of icmarkets.com is flexibility. The platform is flexible enough to cater for all classes of investors.

You get a platform offering a range of trading instruments and several other potential money-making opportunities in one shop.

  • Honesty and Fairness

To grasp the attention of all online forex traders, the platform has to be honest in its dealings and fair to traders.

It means all your trading moves are on record including your funding amounts and pending payments such as withdrawals.

  • Integrity and Trust

What most forex platforms lack is what IC Markets has made its goal during its tenure as the best online trading platform.

You get a platform you can trust and doesn’t delay in any manner the withdrawal options. Integrity is key as traders want fairness in every aspect of trading.

  • Reliability

There’s 24/7 support which makes icmarkets.com one of the best online trading platforms that’s there to help.

You also get a platform that runs 24/7 making it possible for traders in every time zone to gain access to the market.

  • Strong Corporate Governance

You would want to trade with a platform that’s ideal and has the right people who are qualified to meet the set goals.

In a nutshell, IC Markets offers a well-oiled machine that helps traders all over the world get the best out of trading.

  • Transparency

Every trader wants a transparent trading platform that helps its users get the right information all the time.

With icmarkets.com, everything you need is made available making trading on the platform seem flawless.

Accounts IC Markets

Available Trading Accounts IC Markets

There are three accounts to choose from with IC Markets, let’s take a closer look at what each of these accounts brings to the table;

cTrader

As the name suggests, this is a special trading account that uses the cTrader platform. Members get a platform with a commission per lot of 3.0.

Spreads start from 0.0 pips with the minimum acceptable deposit set at $200. The leverage set for this account is 1:500.

Traders get a maximum number of positions orders at 2000 with the servers located in London. Micro Lot trading is 0.01 with over 60 available currency pairs.

The account allows index CFD trading and a stop-out level of 50 percent with one-click trading available on the platform.

There are Islamic accounts available for the cTrader version with all trading styles allowed. You won’t face any order distance restrictions with this platform.

The platform even sets this account as one suitable for day traders and scalpers.

Raw Spread Account

Traders using this platform use the world-class MT4 or MT5 terminal. Commissions per lot are set at $3.5 with the spreads set at 0.0 pips.

The minimum allowed deposit with this account remains at $200 with the leverage set at 1:500 and a 200 possible maximum number of open positions.

With the server located in New York, micro lot trading is 0.01 and over 60 available currency pairs.

All the other features remain the same as that of the cTrader account.

The raw spread account is best suited for EAs and Scalpers.

Standard Account

You also get to use MT4 or MT5 trading terminals with the standard account. There are no commissions per lot with spreads starting from 0.6 pips.

Traders deposit a minimum of $200 with leverage remaining the same at 1:500. The maximum open order positions is 200, just as with the raw account.

Servers are located in New York with the account sharing all other features as the first two accounts.

The broker sets this account for Discretionary traders. There’s also a free demo account for users to test the set conditions.

Note: Want to trade and don’t have funds? Take a look at the best forex-funded account programs with no challenges.

Become a trader with IC Markets by opening an account

Opening an account with IC Markets is one of the easiest tasks. Just fill in the details and upload the necessary documents for verification.

After opening an account, you can get started with trading and start enjoying the benefits of trading with an ideal broker.

You have a chance to trade with one of the best trading platforms with experience being the backbone of the entire operation.

There’s the option of testing out some of these accounts features thanks to the demo account. It means the platform has you covered.

Available Trading Instruments

It’s ideal to know the available trading assets or instruments available on the platform. Let’s dive into the available trading instruments on icmarkets.com

1. Bonds CFD

With bond trading, traders get the chance to hedge and speculate on interest rates with global risk and off sentiments.

Traders get to hedge on several equities including exposure and are able to diversify their strategy according to each specified trading style.

These bonds are mainly issued by governments around the world which include those from Japan, the UK, and the United States among others.

2. CFDs on Commodities

With CFD trading, there are several assets to trade with which increases your chance of spreading risks.

These assets are mainly paired against leading currencies such as AUD, GBP, JPY, or USD.

CFD trading assets include agricultural products, energies, and metals.

3. Crypto CFD

It’s now possible to go long and short across a wide range of leading digital assets in the cryptocurrency sphere.

You get to trade with the world’s most popular trading currencies where volatility is the name of the game.

Leverage for crypto assets is set at 1:200 which is one of the fairest we have seen. You get to trade cryptos paired against each other or with leading major currencies.

4. Forex CFD

With the forex market providing 24/5 access to trading, here’s an opportunity to make informative trades and make reasonable profit margins.

The forex market is the world’s most liquid financial market with traders taking advantage of deep liquidity, spreads, and superior execution.

Leverage for some of the forex assets and pairs goes as high as 1:1000.

5. Futures CFD

These are one of the most popular forms of CFDs. Traders gain access to some of the world’s leading futures including ICE Dollar, VIX Index, etc.

The above are exclusively offered on the MT4 trading terminal and there are no commissions earned.

IC Markets offers 4 global futures available to trade with deep liquidity.

6. Stocks CFD

Traders on the icmarkets.com platform get access to over 2,000+ large-cap stocks and CFDs from across different stock exchanges.

You get to earn dividends with traders using the MT5 trading terminal. The leverage on these assets is set at 1:20.

Find out why icmarkets.com has a wide range of financial trading instruments

Also Read: Find out some of the top-rated funded account programs.

License and Regulation IC Markets

IC Markets is a reputable trading platform regulated by multiple regulators across the globe. Members trade with peace of mind knowing their funds are safe.

The Financial Services Authority is the main body that gave the platform the green light to operate and offer liquidity services.

With the license under the parent company Raw Trading Ltd, IC Markets has passed regulatory guidelines.

Safety of client funds with icmarkets.com

Your funds are safe as the platform segregates funds with the funds held in top-tier banking institutions.

The platform also offers DDoS security and SSL Encryption making the entire platform a secure trading environment.

You don’t have to worry about third-party attacks or even your personal information falling into the wrong hands.

Note: For those unfortunate to have lost funds through unscrupulous brokers or online investment platforms, recover your funds now.

IC Markets has you covered when it comes to matters of security.

What Features make IC Markets a favorite trading platform?

Let’s take a closer look at some of the features that make icmarkets.com stand out from the rest of the pack.

  • Low Spreads

One of the most enticing features of trading with IC Markets is the low spreads offered. These are some of the best low spreads in the industry.

And this means you don’t have to risk much or lose it all at once in case of a losing trade. The platform covers you in such aspects.

That means traders enjoy the best possible conditions with the platform tweaking technological advancement to suit this step.

  • Fast Execution

With the platform utilizing enterprise-grade software for traders to ensure they use versatile and fast servers, this is an ideal situation for traders.

The platform has data servers in London and New York making it one of the best-suited brokers with fast-time server response.

That’s why most pundits see icmarkets.com as the best when it comes to one-click instant trading.

  • Superior technology

By partnering with some of the world’s best technology firms, IC Markets ensures members enjoy a memorable trading experience.

You won’t face any lag issues with all the platforms being stable all the time. Traders also get access to cutting-edge trading tools compatible with any device.

There are automated tools available to help newbies and even the more experienced traders make the best out of trading.

  • Unrivaled customer support

With a team of multilingual support that’s available 24/7, traders can now rest easy knowing the best is yet to come.

Traders place trades with confidence knowing a team is ready and there to help with any rising issues or cases.

  • Advanced trading tools

There are a handful of trading platforms that engage members with advanced trading tools such as world-class trading terminals.

Three of the world’s best trading platforms are available on this platform, cTrader, MT4, and MT5 trading terminals.

Several different funding methods on IC Markets

There are several different funding methods available on the platform. These include bank and wire transfers.

We counted six different funding channels including MasterCard, Neteller, PayPal, Skrill, and Visa.

Enjoy instant deposits and fast withdrawals, unlike no other platform in class. And that’s what makes IC Markets different from other platforms.

Verdict on IC Markets

After gauging the user experience and testing the platform ourselves, we are delighted with the results.

IC Markets is one of the best trading platforms the industry has to offer. You can start with the demo account to familiarize yourself with trading.

The platform offers the best in terms of favorable and transparent trading conditions. What are you waiting for, sign up today!

Do leave a comment or email us with any queries.

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