Forex Trading with IC Markets: Broker Review

Foundation	2007
Trading platforms	МТ4, МТ5, cTrader
Accounts	Demo, Raw Spread, cTrader, Standard, Islamic
Account Currencies	USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC
Instruments	60 currency pairs, futures, CFDs on indices, commodities, metals, stocks, and bonds.
Deposit and Withdrawal	Cards and bank transfers, transfers from the broker’s account and electronic wallets PayPal, Neteller, Skrill, Union Pay, FasaPay, POLI, Rapidpay, BPay, Klarna, Bitcoin Wallet, and Vietnamese internet banking.
Leverage	1:30 for EU countries (1:500 for other countries)
Minimum deposit	USD 200
Minimum order	0,01
Automated trading	Yes
Affiliate Program	Yes
Mobile trading	Yes
PAMM Accounts	Yes

Benefits of Using Icmarkets for Forex Trading

1. Low spread (from 0 pips) due to partnership agreements with major price providers.
2. Optimal trading conditions that make the trader’s work more comfortable.
3. Use of high technologies. ICMarkets offers the highest quality service and the best tools for trading.
4. Optimized order execution: minimal delay and high execution speed.
5. Convenient closing of trades thanks to the technology that organizes and sends closed orders directly to price providers. 
6. One-click trading. Add-ons for ICMarkets MT4 that make trading more efficient. These include the ability to track spreads, calculate possible risks using a special calculator, and many other features that appeared after the founding of IC Markets.
7. Availability of Islamic accounts. The swap deactivation feature is available on all trading accounts of the broker.
8. Absence of requotes, manipulations, and other restrictions.

Types of accounts

Account type	Commission (minimum value)	Withdrawal fee
Standard	USD 0	No
cTrader	USD 3	No
Raw Spread	USD 3.50	No

Standard

Instant execution of orders. Works on MetaTrader 4 and MetaTrader 5 platforms. The best option for reliable trading.

cTrader

Using services of more than 50 providers allows for creating a liquidity fund and guarantees minimum spread at any volatility. The account is suitable for active traders and scalpers. A commission of 3 USD is charged for a trading volume of 100,000 USD. Indicators spread is the lowest on the market: 0 pips.

Raw Spread

Trading is conducted on MetaTrader 4 and MetaTrader 5 platforms. The account is suitable for both scalpers and active users of Expert Advisors. The average spread on the EUR/USD currency pair is 0.1 pips. The commission charged for 1 lot is 3.5 USD. 

Demo account

ICMarkets demo account can simulate the same trading conditions as real accounts offered by the broker. You can open a free demo account with IC Markets in a few minutes. Moreover, in the case of this broker (something important that many do not offer on their demo accounts), it is possible to configure several parameters such as leverage, account deposit, platform type, and even what type of account we want to simulate. Balances on this account type can be selected from $200 to $500,000. In case of leverage, you can choose values from 1:1 to 500:1. This account can be used indefinitely as long as you have not logged in for 30 days or more; in this case, ICMarkets will close the account and you will have to create another one if necessary

Islamic account

While this is not an account, customers can request to convert their standard or Raw Spread account to an Islamic account to suit their beliefs. These accounts are subject to the same general conditions as non-Islamic accounts, except for the payment of night rates; in this case, they do not pay or receive swaps or interest on any transactions in currencies, metals, and CFDs, except for exotic currency pairs.

Brokerage trading platforms IC Markets

ICMarkets webtrader chose the most famous and used trading terminals in the world:

• Meta Trader 4
• Meta Trader 5
• cTrader

These platforms have a long history of development and undeniable reliability, as well as the integration of professional tools, a market of advisors, and much more.

Trading conditions

ICMarkets allows traders to use MT4, MT5, and cTrader trading platforms, as well as a mobile application. In particular, there is a wide range of trading instruments: more than 60 currency pairs, futures, and CFDs on indices, stocks, commodities, and metals.

In ICMarkets reviews, clients often note fast order execution and low spreads – from 0.0 point. The average ICMarkets spread on the EUR/USD currency pair is 0.1 pip, which is the lowest value for this currency pair in the world. The minimum order size of 0.01 lots makes trading accessible for traders of any level of training.

Investment programs

The trading company ICMarkets has several investment programs that offer its clients the possibility to earn passive income. The following programs are the most popular among them.

Investment Manager

This program is for MAM and PAMM account clients. It allows participants to obtain exclusive access to the Raw Pricing program, which offers high liquidity and low spreads. It also facilitates access to this program by providing technical ICMarkets support to its clients.

White Label

This product is designed for accomplished financial management and brokerage firms that have a well-established client base and a monthly turnover of at least $500,000. It can also be used by traders with large trades and corporate clients.

Affiliate Program

Any client, regardless of experience and transaction volume, can participate in the program. The participant’s task is to attract new clients. Payments are made on the principle of “percentage of profit”. Commissions are paid in real-time to the participant’s trading account.

Introducing Broker

A participant in the program earns profit by attracting new clients. Remuneration is accrued irrespective of the trading volume of the invited clients and their profit.

Advantages and Disadvantages

Advantages

• Favorable trading conditions;
• Wide range of working instruments (more than 90);
• Low spreads (from 0 pips);
• High speed of order execution;
• 3 types of accounts
• 2250+ assets traded
• Wide range of trading tools
• 0 commissions on the standard account
• Availability of many analytical training materials;
• Possibility of trading from a mobile device;
• The use of expert advisors is allowed;
• Comes with other useful resources: spread monitoring, risk level, risk calculator, and others;
• Ability to perform scalping and hedging;
• Availability of Islamic accounts;
• Superior access to real-time trading with an ICMarkets VPS (virtual private server);
• High-quality customer service.

Disadvantages

• Does not offer bonuses or additional contests for traders;
• May experience delays of a couple of days in some payments;
• Does not offer weekend trading.

Trust and security

Security is critical when it comes to financial services because it is our money that will be in the hands of the brokers, although we will be the ones managing it virtually. Various regulatory bodies ensure the safety of investors by protecting them from any fraud or bankruptcy of any of these brokers. Let’s see what rules ICMarkets webtrader operates under and how its clients’ funds are protected.

Broker Rules

ICMarkets is regulated by the most rigorous and prestigious organizations in the world:

• Australian Securities and Investments Commission (ASIC);
• CySEC;
• FSA;
• SKB.

Protecting funds

Today, ICMarkets fully complies with ASIC requirements and has an impeccable reputation. It complies with KYC protocols and adheres to anti-money laundering best practices set out in the Australian Anti-Money Laundering and Anti-Terrorism Act 2006 regulations.

The broker has negative balance protection which ensures that traders never lose more money than their balance. Overall, we can confidently say that ICMarkets is one of the safest brokers operating today.

Tools of the Trade

ICMarkets provides traders with a wide range of investment instruments, including more than 2,250 products to suit a variety of strategies and preferences.

Currencies

Forex Trading is the flagship and offers over 60 currency pairs including major, minor, and exotic options. This rich selection meets the needs of both new and experienced traders.

Commodities

ICMarkets offers access to a wide range of commodities, including precious metals such as gold and silver, energy products such as crude oil and natural gas, and agricultural commodities. This variety allows traders to explore more commodity markets.

Cryptocurrencies

The broker responds to the growing interest in cryptocurrencies by providing trading options for the most popular digital assets such as Bitcoin, Ethereum, and Ripple (XRP). This inclusion reflects the evolving financial situation.

Indices

ICMarkets provides access to a range of global indices, allowing traders to speculate on the performance of major stock indices around the world.

Stocks, Futures, Bonds and Options

The broker specializes primarily in the Forex and CFD markets and does not offer trading options for futures, bonds, or options contracts. However, ICMarkets AU offers the opportunity to buy real shares and shares through IC Shares exclusively for Australian clients, who are currently limited to Australian shares. Please note that this service is only available to Australian residents.

Educational Materials

The platform provides several training materials for both beginners and experienced traders. To consolidate your knowledge, you can use an ICMarkets demo account to gain experience and reduce the risk of losses. The following training materials are available:

• Forex basics for beginners;
• Benefits of CFD Trading;
• Benefits of Forex Trading ;
• Tutorials with detailed information on how to work and frequently asked questions;
• Section with explanations of trading terminology.

Account registration process

To register on Icmarkets, follow the steps below:

1. Access your account from the main page of the IC Markets website, by clicking on the ICMarkets Login button.
2. Choose from the following: to open a demo or a real account.
3. Choose the platform you will use (MetaTrader 4, 5, or cTrader), the type of account, and the currency in which you will trade.
4. Fill out the questionnaire on knowledge of finance and derivatives trading.
5. Check your email, they have sent you a username and password to account ICMarkets log in.
6. Fill out your economic-financial information.
7. Verify your identity by uploading a copy of your ID and an invoice that corroborates your current address.
8. Feel free to download mt4 icmarkets or mt5 icmarkets platform.

In your Icmarkets client area, you can change account settings, open a trading account, and apply for withdrawals.