Hello Wootfi.com Visitors Today We Covered Icmarkets Review . Please Read Our All review to know more about Icmarkets Broker .
About Icmarkets
IC Markets is a regulated forex CFD broker based in Australia and one of the best forex brokers Australia. It is known for offering online trading solutions through its top-notch platforms for all types of traders. Apart from forex trading, it allows traders to trade futures, stock indices, and commodities. IC Markets attract traders with its high leverage, low spreads, & low commission fees.
IC Markets is an Australian forex broker established in 2007 and regulated by ASIC, CySEC, SCB (Bahamas), FSA (Seychelles), and FSCA (South Africa). IC Market offers popular MT4, MT5, and cTrader trading platforms; all are available for desktops, web browsers, and mobile devices. ICM Trading instruments include over 60 currencies, 10+ Cryptocurrencies, and over 1,600 CFDs including Gold, Silver, Stocks, Indexes, Bonds, and more.
Icmarkets at a glance
| Minimum Balance | $200 |
| Accept Currency | USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
| Regulated | ASIC, FSA, & CYSEC |
| Year Founded | 2007 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Mobile App | Available |
| Customer Support | Phone, email and live chat support 24/7. In person at local branches. Support also available via text, Facebook Messenger, Twitter direct message, Apple Business Chat and Amazon Alexa. |
| Leverage | From 1:1 to 1:500 |
| Official Website | Click Here To Visit |
How To Create Account At Icmarkets
Icmarkets offers many different account types with no minimum deposit requirements, which means US citizens of all financial backgrounds can sign up.
Deposit and withdrawal function of Icmarkets
The account funding for this account is straightforward and user-friendly. There’s no deposit fee, but only USD is supported as a base currency. Wire transfers have a high fee.
Icmarkets withdrawal fees
TD Ameritrade charges no fees for withdrawals in most instances. The exception we found was bank/wire transfer, at a cost of $25.
Spreads and Commission Fees
Traders get a big relief from IC Markets as it charges zero or relatively low commission fees in the form of spreads on trading with bonds, indices, cryptocurrencies, and futures on all accounts. Our IC Markets review also shows that traders need not pay any commission fees on deposits or withdrawals.
However, some accounts have relatively low commission fees with the lowest spreads. For example, the Raw spread account holders get lower spreads but need to pay a commission fee, while those having the standard account get higher spreads without paying any commission fees. The variability in the spreads is observed due to market liquidity.
Trading Platforms
IC Markets offers a suite of three trading platforms suitable for web-based and mobile trading that can be used across all devices. While none of them is a proprietary trading platform, traders are left with the choice of trading with third-party platforms. The following details of these platforms will give you an idea of how you can get the best desktop and mobile trading experience.
1. MetaTrader 4 (MT4)
For its ease of use and algorithmic trading, MT4 is the most popular trading platform among seasoned investors and traders. MT4 hosts useful trading features such as automated trading, customized trade settings, technical indicators, and charting tools.
2. MetaTrader 5 (MT5)
An industry standard for traders, the next generation MT5 is designed to improve your trading experience with your account and its automated forex trading feature. The platform integrates advanced order management and charting tools that let you execute trades quickly and efficiently.
High Grade Features Which Offer By IC Markets
MetaTrader 4 & 5 platforms –
IC Markets offers access to the MetaTrader 4 and MetaTrader 5 trading platforms, which are widely recognized as the industry standard for online trading. These platforms provide a range of advanced trading tools and charting capabilities to help traders make informed decisions.
True ECN execution
IC Markets operates as a true ECN broker, meaning that clients are connected directly to interbank liquidity providers for optimal execution and pricing. This allows for low latency, fast trade execution and access to institutional-grade trading conditions.
No dealing desk intervention
IC Markets operates as a non-dealing desk (NDD) broker, meaning that there is no conflict of interest between the broker and its clients. Trades are executed directly with market liquidity providers, ensuring transparent and fair trading conditions.
Lowest spreads in the industry
IC Markets offers some of the lowest spreads in the industry, starting from 0 pips on some currency pairs. This provides clients with a competitive edge, enabling them to trade with greater precision and cost-effectiveness.
Customizable trading environment
The MetaTrader platforms offered by IC Markets are highly customizable, allowing clients to tailor their trading environment to suit their individual needs. This includes the ability to install custom indicators and automated trading systems.
Access to multiple financial markets
IC Markets provides access to multiple financial markets, including forex, indices, commodities, and cryptocurrencies. This allows clients to diversify their portfolios and trade a wide range of markets from a single account.
Negative balance protection
IC Markets implements negative balance protection to ensure that clients never lose more than their account balance. This provides peace of mind for clients, ensuring that they are protected from any potential market losses.
24/5 customer support
IC Markets provides 24/5 customer support to assist clients with any questions or concerns they may have. This includes live chat, email, and telephone support, ensuring that clients are able to receive the assistance they need, whenever they need it.
Pros & Cons Of IC Markets
| PRO | CONS |
|---|---|
| Straightforward registration process | Customer support not up to the mark |
| Low spreads and commission fees | No negative balance protection for traders outside the European Union |
| Raw spread and standard account | Limited assets to trade with |
| No commission fees on deposits and withdrawals | |
| Institutional grade liquidity |
IC Markets Review Conclusion
IC Markets ranks highly in every category that we measured. They are undoubtedly one of the best brokers in the industry, and they only briefly touched on certain categories in this article. There is much more that could be said about the positives of IC Markets, and not that much to be said about the negatives. We hope You Like IC Markets Review
Frequently Asked Questions
Is IC Markets a reliable broker?
Yes. IC Markets is well-regulated by financial authorities like ASIC, FSA, and CySec that provides a competitive trading environment.
How can I deposit at IC Markets?
The minimum deposit amount is $200 that you can deposit through various means, including credit or debit cards, net banking, wire transfer, or other electronic payment modes.
Can I Use IC Markets in UK?
IC Markets is an Australian-based broker which allows you to fund and hold your account in Pound Sterling and other currencies. It is also regulated in Cyprus, Australia, & Seychelles. And IC Markets also allows you to sign-up from the UK but not regulated in the UK.
