IC Markets Broker

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ic markets

IC Markets Broker

5.00/5(4)

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Worlds Largest Platform

With 180,000+ solid clients, IC Markets is now providing you with more than 65 currency pairs as of now (2020) and 41 CFDs. IC Markets Broker is one of a few traders that provides you the opportunity of “Social Trading” as well with the help of the “Myfxbook” and “Zulu Trade” platforms.

IC MARKETS REVIEW - KNOW BASICS

IC Markets Broker is considered as the “gem” of the trading market because of many good reasons.

The Company was founded in 2007 and received its licenses from the (AFSL) Australian Financial Services Licenses and (ASIC) Australian Securities and Investment Commission back in 2009. No doubt, IC Markets Broker is one of the prestigious platforms for trading that you ever come across.


"They are dealing with Meta Quotes Software
 Corporation, 

MetaTrader 4 and 5, and C Traders platform as well"

So that’s enough of the introduction, right? Let’s get started with the “Account Types, Regulations, and Trading Platforms” of IC Markets.

Here we go!

#IC MARKETS BROKER REGULATION

Before you get started with the biggest giant, it’s important to know the regulations of the Company. Yes, the IC Market is regulated by (FSA) Financial Services Authority of Seychelles. This means you can trade with the IC Markets without any problem because they are being “Watched and Analyzed” by the best regulatory body in the world.

No then, you must be wondering about the account type of IC Markets Broker, right? Let’s break them down and talk briefly.

#ACCOUNT TYPES OF IC MARKETS BROKER

There are three types of account types that IC Markets Broker is dealing with:

  • Standard Account
  • Raw Spread Account
  • cTrader Raw Account

STANDARD ACCOUNT
  • It is specially designed for the beginners
  • You’ll enjoy the Meta Traders 4 platform for the trading purposes
  • There are large spreads, and you’ll have to pay no commission at all
RAW SPREAD ACCOUNT
  • This account is specially made for the professionals
  • You can use the MetaTrader 4 platform for the “Forex Trading Purposes.”
  • There will be a low spread, but you’ll have to pay $3.50 per lot commission
  • MLQ4 programming language is used for this account
CTRADER RAW ACCOUNT
  • If you’re expert of the Forex trading, then this account is for you
  • You’ll have cTrader Forex Trading Platform
  • The spread is low, and you should have to pay $3 per lot commission
  • They are using the C# language for this account

So, these are the account types that IC Markets Broker is providing to you, and you can choose one “According” to your requirements, needs, and wants.

It’s time to discuss the “trading platforms” that this broker is dealing with:

#TRADING PLATFORMS OF IC MARKETS BROKER

ICMarkets-TradingPlatforms-DailyForexTrading.Net

They are dealing with three platforms for trading:

  • Meta Trader 4 (Web and Mobile Devices)
  • Meta Trader 5 (Web and Mobile Devices)
  • cTrader Platform
METATRADER 4
  • It is the most popular and amazing platform for beginners
  • Interface and management system are easy to handle
  • Experts and Advisors are available for the scalping traders
METATRADER 5
  • It has built-in functions to “Automate” the trading
  • It has Forex VPS (Virtual Private Hosting Service) to maximize the executions
  • With the free trading robots, you’ve got the permission to reach MQL5 Community
CTRADER PLATFORM
  • It has so many charting options, and you can customize everything from your android phones as well
  • You have the authority to enjoy the direct access to liquidity pools
  • You can also have a “Back-Testing” facility where you can test things on the basis of “Past Market Data.”


TRADING PLATFORM PROS AND CONS


Pros


Cons


Free Reports


No-two steps verification


Customization (For Charts and Workspace)


Poor design


Confirmation of the order


No price alerts

IMPORTANT THINGS OF IC MARKETS

As we are done with the basics of “IC Markets Broker,” it’s time to discuss the important and in-depth details. 

Let’s enlighten our audience!

#SPREAD OF “IC MARKETS BROKER”

ICMarkets-Spread-DailyForexTrading.Net

IC Markets accounts are considered as one the best in the world when it comes to providing “Best Value” for your money. Here’s what the spread of “IC Markets Broker” is based on:

  • The average spread is very low for all the accounts when compared with other brokers
  • The commission lot is competitive ($3 per lot)
  • They won’t charge you for any deposit or withdrawal

That’s why the spread of this “Company” is considered one of the best in the world.

Now, let’s move to the execution time of the “IC Market” and let us know about this topic:


#EXECUTION TIME

There are basically two types of executions that “every broker” works with:

  • Instant Execution
  • Market Execution

Instant Execution: Unfortunately, you won’t be able to enjoy the Instant Execution with IC Markets because they don’t offer it. You can have the market execution and if you don’t know what market execution is, then here’s the definition:

Market Execution: 
In Forex Trading, the market execution, the client only specifies the volume only while placing the order. The asking price of your asset is generated during the process of execution, and you don’t have to deal with any kind of loss if the value of the asset changes during the execution process.


#COMMISSION AND FEE OF IC MARKETS BROKER

There are around ten currencies that “IC Markets Broker” is offering to you, and your commission and fee shall be decided upon selecting the specific currency pair for your trading.

If you want to open the AUD Base account then you need to look at the graph given below:

ICMarkets-Commission&Fee-DailyForexTrading.Net

You should keep one thing in your mind, and that is, “If you want to enjoy no interest fees, then they have an Islamic account too. You can have the Islamic account on the cTrader account type.

FEES PROS AND CONS


Pros


Cons


Low Trading Fee


High Financing Rate for CFDs


Low Non-Trading Fee

 


Low Forex Fee

 


#LEVERAGE/MARGINS OF “IC MARKETS BROKER”

There are different leverage and margins for every account type, and they haven’t mentioned them anywhere, but there’s still good news. We have extracted the “Formula” for calculating the Leverage/Margins of IC Markets Broker:

Margin = trade size/account leverage


#CUSTOMER SERVICE

The customer service of “IC Markets Broker” is extremely great, and they are available to help you 24/7. You can send them an email, call (+61 (0)2 8014 4280) or live to chat with them to get your queries done.

Additionally, they have a help page where you can get “Different answers to different questions” related to your problem.

Are you satisfied with the above-given information regarding IC Markets? It’s time to open the account and get started with Forex trading.

main features

  • Established 2007
  • ECN Broker
  • Max Leverage 1:500

extra features

  • Customer Support 24/7
  • Low Trading Fee
  • Trust Lebel 95 out of 100
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  • Overall Rating

    • 5.00/5

Michael M. Hoskins

Overall Rating

A complete broker

I've had nothing but positive experiences with the IC Market. And my withdrawals were always processed quickly. Among all brokers, I prefer it. The only item you can add to the list is some stocks. That would be a huge step forward.

Thomas Pugh

Overall Rating

A broker with different kinds of features

I'm not a regular user of IC Market Trader, but it astounded me when I came across it. It offers a lot of cool features, such as different chart types, views, and illustrations, to name a few. I made the decision to go over this regularly.

Naftali Erdem

Overall Rating

Quick working broker

I've had nothing but positive experiences with the IC Markets. And my withdrawals were always processed quickly. Among all brokers, I prefer it.

Luan Pereira Melo

Overall Rating

Trusted broker with no hidden fees

IC Market provides raw spreads without any hidden fees which means it really goes through 0.0 pips. That's why it won my trust.

HOW TO OPEN AN ACCOUNT ON IC MARKETS BROKER

To open the account, you don’t have to deal with the complications because it’s super easy to open it. Follow the steps given below, and you’re done:

  1. The first thing we need to do is to head towards the official website by Clicking Here
  2. Once the page is open, You’ll be shown the front page containing different information like in the picture given below:

    ICMarkets-OpeningAccount-DailyForexTrading.Net
  3. You need to scroll down a little bit, and you’ll end up getting the information regarding opening the account. Just enter the information as given below and click on the Next button:

    ICMarkets-OpeningAccount2-DailyForexTrading.Net
  4. Once entering the basic information, they will ask you for more information about you, and that will lead by the “Trading Account Information, Declaration and Fund Account,” and you’re done:

    ICMarkets-OpeningAccount3-DailyForexTrading.Net
  5. Click on the Next button, and you’ll be asked to verify the account by heading towards your email and confirming the account. You can sign up via “PayPal” as well.

  6. Once the account is verified, they will ask you for information like; Your CNIC, Home Address, Bank Account Detail and Possibly as Selfie.

  7. After they verify your identity, they will declare your account as “Opened,” and you can use it accordingly.

That’s how simple it is to open an account, but the main question that comes up is “How to withdraw the profited money.” Scroll down to check the process!


HOW TO WITHDRAW THE MONEY

ICMarkets-WithdrawMoney-DailyForexTrading.Net

 

To withdraw the money from your account, you need to log in to your account and then head toward the Withdrawal form. Following are the payment gateways you can use to withdraw your money:

  • Credit Card/Debit Card Withdrawal-No transaction fee (But Credit/Debit card may not be available for all the countries)
  • Bank Transfer: You can send the funds directly to the bank, and there’s no transaction fee
  • PayPal, Skrill, and Neteller: The transaction fee is 0%, and you will receive the funds instantly once executed

 

Note* You need to execute the payment request in the business days otherwise; you’ll have to wait for the business days to come and process your money.