IC Markets Review 2025

IC Markets review
IC Markets Awards

IC Markets have won numerious industry awards over the 17 years they have been operating as a financial broker. We have listed the most notable awards and mentions for IC Markets below.

• IC Your Trade (ICYT) Branded Business Show - Singal Awards
• Most Reliable Trading Solutions Provider Australia 2023 - World Business Outlook
• Best MT4 And MT5 Broker 2023 - Day Trading
• Best Trading Tools 2022 - FX Scouts
• Best Forex Broker 2020 - Day Trading
• Best Trading App 2020 - Day Trading
• ADVFN International Financial Awards Best ECN Broker 2019

IC Markets review
IC Markets Fees Explained

• IC Markets doesn't charge withdrawal fees.
• IC Markets does not charge a fee for inactive accounts.
• IC Markets doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from IC Markets are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

IC Markets Costs To Check

Modern brokers like IC Markets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, IC Markets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall IC Markets trading profitability.

How IC Markets Fees Compare Against Other Brokers

IC Markets Minimum Deposit

IC Markets requires a minimum deposit of 200 GBP/USD/EUR when opening an IC Markets trading account.

A minimum deposit is the minimum amount of money required by IC Markets to open a new online brokerage account with them.

Don't be scared off by brokers like IC Markets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like IC Markets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

IC Markets Withdrawal Fees

IC Markets doesn't charge withdrawal fees.

IC Markets Withdrawal rules may vary across different brokers when it comes to transferring funds from your IC Markets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with IC Markets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the IC Markets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from IC Markets. Researching and comparing IC Markets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing IC Markets funds frequently or dealing with large sums of money. Awareness of these IC Markets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your IC Markets funds.

For example, IC Markets allows you to withdraw your funds to Credit Cards, Debit Cards, MasterCard, VISA, PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking.

IC Markets Withdrawal Requests Processing

As a trader with IC Markets, its important to plan your withdrawal requests carefully to avoid delays. Submitting your request before 12:00 AEST/AEDT ensures same-day processing. Any requests made after this time will be handled on the next business day. Remember, additional processing times may vary based on your chosen withdrawal method and the currency you use. This proactive approach helps avoid unnecessary waiting periods.

IC Markets Withdrawal Bank Charges

One of IC Markets appealing features is that they do not impose extra fees for deposits or withdrawals. However, traders should be cautious of fees charged by their own banks for transactions to or from IC Markets accounts. These external charges are not controlled by IC Markets, so checking with your bank beforehand is advisable to avoid surprises.

IC Markets Withdrawal International Charges

If you plan to use international bank wire transfers for withdrawals, be aware that a standard processing fee of 20 AUD or equivalent will be deducted from your withdrawal. While this is a fair industry standard, processing can take up to 14 days and may incur additional fees from intermediary banks. Keep this in mind when planning withdrawals, especially for time-sensitive transactions.

IC Markets PayPal, Neteller, and Skrill Withdrawals

For traders preferring online wallets like PayPal, Neteller, or Skrill, IC Markets processes withdrawals without additional charges. However, funds must be sent to the same account used for the initial deposit. The best part? These transactions are typically instant once processed, making them a convenient option for fast access to your funds.

IC Markets Inactivity Fees

IC Markets does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by IC Markets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all IC Markets fees and services. It's recommended that you check the IC Markets website before signing up. If you decide to close your IC Markets account, it's important to do so with the IC Markets broker customer support and obtain confirmation that no remaining IC Markets fees are due.

Brokers like IC Markets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

IC Markets Deposit Fees

IC Markets does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

IC Markets Commission Fees

IC Markets does charge commission on CFD instruments.

Brokerage firms like IC Markets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the IC Markets trading account level held by the trader.

IC Markets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing IC Markets terms and conditions to understand the commission fees and any other charges that may apply is essential.

IC Markets review
Trading on IC Markets web platforms and other applications

IC Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

IC Markets is one of a handful of brokers that offer the cTrader platform developed for traders. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

A IC Markets iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

IC Markets also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See IC Markets's platforms

Is the IC Markets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the IC Markets trading platform to protect you on PC and mobile IC Markets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using IC Markets web trading platforms.

IC Markets Trading Platform Options

After logging into your IC Markets account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader

Let's explore each of these trading platforms in detail and what options IC Markets gives you.

IC Markets review
IC Markets MetaTrader 4 (MT4)

IC Markets MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on IC Markets offers traders comprehensive features and tools to enhance their trading performance. The IC Markets MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the IC Markets platform to their needs. One of the standout features of MT4 is its charting functionality, which allows IC Markets traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give IC Markets traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 IC Markets trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the IC Markets MetaTrader 4 (MT4) trading platform. MT4 is a platform available with IC Markets, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The IC Markets MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. IC Markets allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with IC Markets in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. IC Markets MetaTrader 4 is compatible with the latest macOS. IC Markets allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on IC Markets

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade IC Markets MetaTrader 4 on iOS Devices

You can download the IC Markets app or trade with IC Markets through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. IC Markets customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade IC Markets MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and IC Markets offers its clients access to the MetaTrader 4 platform on these devices. With the IC Markets MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing IC Markets traders to stay on top of their trades and react quickly to changes in the market. With the IC Markets MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade IC Markets MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on IC Markets are a powerful bundle of three major indicators designed to help traders make informed decisions. IC Markets MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help IC Markets traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing IC Markets traders to potentially stay one step ahead.

IC Markets MetaTrader 4 Advanced Trading Tools

The IC Markets MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give IC Markets traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, IC Markets provides traders with everything they need to succeed. The IC Markets MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing IC Markets traders to analyze the market at any level of complexity.

Trade IC Markets MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

IC Markets review
IC Markets MetaTrader 4 Charting

IC Markets MetaTrader 4 Charting Types

IC Markets offers all of the main chart types online traders use, including line charts, open high/low close charts (bar charts), and candlestick charts. You can customize the chart appearance with color schemes such as Black on White, Green on Black, and Yellow on Black. Additional display options include:

• Chart in the foreground
• Chart shift
• Chart auto-scroll
• Show OHLC (Open, High, Low, Close)
• Show ask line
• Show period separators
• Show grid
• Show volumes
• Show object descriptions

You can also adjust the chart timeframe to 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly intervals.

IC Markets MetaTrader 4 Charting Tools and Indicators

IC Markets' MetaTrader 4 platform offers a comprehensive selection of charting tools and indicators to enhance your trading experience.

MetaTrader 4 Chart Indicators for Technical Analysis

The MetaTrader 4 platform provides a wide range of chart indicators that traders can use to analyze and predict market trends. These indicators are categorized based on their functions and characteristics.

MetaTrader 4 Trend Indicators

Trend indicators help traders identify the direction of the market trend. Some of the trend indicators available on the MetaTrader 4 platform include:

• Bollinger Bands
• Envelopes
• Average Directional Movement Index (ADX)
• Parabolic SAR
• Moving Averages
• Ichimoku Kinko Hyo
• Standard Deviation

These tools available with IC Markets are integral to technical analysis and are standard features in MetaTrader 4, providing traders with the necessary resources to make informed decisions.

MetaTrader 4 Chart Volume Indicators for Trading Analysis

Volume indicators are crucial for traders to analyze the market trend's strength by examining trading volume. MetaTrader 4 platform offers several volume indicators, including Accumulation/Distribution, Money Flow Index, and On Balance Volumes, to help traders make more informed trading decisions.

IC Markets MT4 Chart Indicators for Traders

IC Markets, known for its trader-friendly MetaTrader 4 (MT4) platform, provides a robust selection of chart indicators designed to support both novice and experienced traders. If you're considering IC Markets as your broker, the following indicators are available on their MT4 platform to enhance your trading experience:

• MACD (Moving Average Convergence Divergence): A popular trend-following momentum indicator that reveals changes in strength, direction, momentum, and duration of a trend.
• Stochastic Oscillator: Helps identify overbought or oversold market conditions, enabling traders to predict potential reversals.
• Relative Strength Index (RSI): A versatile indicator that measures the speed and change of price movements to determine if an asset is overbought or oversold.
• Moving Average of Oscillator (OsMA): Assists in identifying price trends and potential reversals by smoothing oscillatory signals.
• Commodity Channel Index (CCI): Useful for spotting cyclical trends and identifying overbought or oversold conditions.
• Average True Range (ATR): Measures market volatility, helping traders assess the potential risk or reward in a trade.
• Momentum: Evaluates the speed of price changes to detect bullish or bearish market momentum.
• DeMarker: A unique indicator that gauges the demand for an asset and identifies potential entry and exit points.
• Bulls Power: Indicates the strength of bullish forces in the market.
• Bears Power: Reflects the strength of bearish forces in the market.
• Williams Percent Range (Williams %R): A momentum indicator that measures overbought or oversold levels relative to the high-low range over a specified period.
• Triple Exponential Average (TRIX): Designed to filter out insignificant price movements to provide a clearer trend signal.
• Relative Vigor Index (RVI): Highlights bullish or bearish conditions by comparing the closing price to the trading range.
• Force Index: Combines price and volume to gauge the strength behind a price movement.

IC Markets ensures that these indicators are optimized for seamless integration with their MT4 platform, allowing traders to conduct in-depth technical analysis. For example, volume indicators like the Average True Range or Force Index provide critical insights into buying or selling pressure, helping traders confirm trends or spot potential reversals.

Traders using IC Markets' MT4 platform can benefit from combining these indicators with other tools such as support and resistance levels, Fibonacci retracements, or price action strategies. This approach ensures a well-rounded analysis for more informed trading decisions. However, as with any technical analysis tool, no single indicator can guarantee success. Using multiple indicators and cross-referencing results is key to minimizing risk and increasing accuracy.

IC Markets have been around for a while and have been used among experienced traders to providing comprehensive charting tools and indicators, traders have everything they need to make data-driven decisions in dynamic market conditions. Whether you're trading forex, commodities, or indices, IC Markets' MT4 platform ensures you have the right tools at your fingertips.

IC Markets review
IC Markets MT4 Buying and Selling

IC Markets review
IC Markets MT4 News Feeds

Stay Up-to-Date on Financial Market News with IC Markets

IC Markets is committed to providing its traders with the latest financial market news. With access to news feeds from the top financial market news sites, including Reuters, DailyFX, FXStreet, Oanda, The Telegraph, MarketWatch, and RTTNews, IC Markets traders can stay informed about global economic events that impact the markets.

By clicking on any news feed item, IC Markets traders can access detailed articles and analyses, providing insights into market trends and potential trading opportunities. With access to up-to-date news, IC Markets traders can make informed trading decisions based on real-time market data and analysis.

At IC Markets, traders can also access a range of other resources, including economic calendars, market analysis, and educational materials, to help them stay ahead of the curve and make informed trading decisions.

IC Markets review
IC Markets MT4 Language Support

IC Markets MetaTrader 4 Supports the following 40 languages: 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, Ukrainian, Uzbek and Vietnamese.

IC Markets MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the IC Markets platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for IC Markets MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, IC Markets traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save IC Markets users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. IC Markets traders can navigate the platform and find the information they need to make informed trading decisions.

IC Markets Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for IC Markets traders of all experience levels.

IC Markets review
IC Markets MetaTrader 5 (MT5)

IC Markets MetaTrader 5 (MT5) In Detail

IC Markets MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, IC Markets MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on IC Markets provides the convenience of using automated trading systems and copy trading, giving IC Markets traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade IC Markets MetaTrader 5 WebTrader

Access your IC Markets MetaTrader 5 accounts from any web browser. MT5 on IC Markets features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

IC Markets review
IC Markets MT5 Buying and Selling

IC Markets MetaTrader 5 on iOS Devices

IC Markets MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. IC Markets MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

IC Markets MetaTrader 5 on Android Devices

The IC Markets MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the IC Markets trading server. Take the time to understand all of the IC Markets Android MetaTrader 5 features. With IC Markets MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

IC Markets Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• IC Markets Financial instrument quotes
• View in-depth price charts of financial instruments with IC Markets MetaTrader
• Manage trades and open positions on IC Markets MT4 & MT5
• View your IC Markets trading history
• View market news
• MetaTrader internal messaging on IC Markets
• View and research market statics of IC Markets financial instruments
• IC Markets Position opening and closing
• Lookup symbols in the IC Markets MetaTrader quotes section
• Display of deals on IC Markets graphs
• IC Markets Timeframe selection for graphs and charts
• Additional vertical scaling of IC Markets graphs
• Capability to transfer IC Markets accounts to other devices using QR codes
• Information is available only if it's supplied by IC Markets
• Access the OTP generator through FaceID or fingerprint with IC Markets

IC Markets MetaTrader 5 Advanced Trading Tools

IC Markets MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• IC Markets MT5 Depth of market bids and asks
• Financial Price Data on IC Markets
• Margin Calculation, Futures, Forex on IC Markets
• Advanced Techincal Analysis on IC Markets MT5
• One click trading on IC Markets MT5
• IC Markets Spreads
• IC Markets Futures
• IC Markets Trading Reports

IC Markets review
IC Markets cTrader

IC Markets cTrader In Detail

IC Markets cTrader is a versatile trading platform supporting Forex and CFD brokerages. With various features, it caters to every investment taste.

IC Markets offers cTrader Premium Charting and Manual Trading Platform

IC Markets cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, IC Markets level II pricing, and fast execution. The IC Markets cTrader platform's intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for IC Markets traders.

cTrader Copy available on IC Markets

IC Markets cTrader Copy empowers everyone on the IC Markets platform to share their investment and trading strategies for a fee or commission. IC Markets cTrader users can search and replicate the approaches available when investing. Furthermore, IC Markets traders can use their risk management configurations.

cTrader Automate available on IC Markets

cTrader Automate allows IC Markets traders to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IC Markets cTrader IDE, which allows developers to optimize and test their financial robots.

cTrader Open API available on IC Markets

Build your IC Markets trading software using cTraders Open API. It is a free, secure and publicly available API for all. IC Markets developers can use cTrader's mature infrastructure to construct desktop, mobile and online software. The open API allows IC Markets trading developers to interact and interface with any IC Markets cTrader account.

You can learn more about the cTrader Platform Here.

IC Markets Trading benefits

• IC Markets Allows scalping
• IC Markets Allows hedging
• IC Markets Low min deposit
• IC Markets Offers Negative Balance Protection

IC Markets Trading Accounts Offered

Below we give an overview of the account types that IC Markets offer. Whatever you are looking to trade, the varying IC Markets account types will be able to provide you with what you need.

IC Markets offers two types of accounts: Standard and their market-leading Raw Spread accounts.

Raw Spread Account: This account shows the Raw inter-bank spread received from our liquidity providers. The IC Markets Raw Spread account offers some of the lowest possible spreads available. Our average EUR/USD spread is 0.1 pips, with only a small commission of $3.50 per lot payable per side. With Deep liquidity and fast execution, IC Markets Raw Spread account was built for day traders, scalpers and expert advisors.

Standard Account: IC Markets do not charge a commission on Standard accounts, but instead, there is a markup applied to the spread of 1 pip above the raw Inter-bank rate received from our Liquidity providers.

• IC Markets Demo account
• IC Markets Mini account
• IC Markets Standard account
• IC Markets Swap-Free account
• IC Markets ECN account
• IC Markets Raw Spread account
• IC Markets Islamic account

Can I try IC Markets?

IC Markets provides a demo account that enables individuals to explore trading before investing their funds. By creating a IC Markets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the IC Markets demo account can help individuals to make informed decisions before investing their money.

Open a demo IC Markets account to practice and trade.

Losses can exceed deposits

IC Markets withdrawal and funding methods

It's essential to remember that the payment methods provided by IC Markets vary based on the IC Markets entity and the IC Markets client's country of residence. To view the IC Markets payment options available, you can log into your IC Markets member's area.

IC Markets offers various funding payment methods listed in your IC Markets dashboard if available in your region. To learn more about the IC Markets funding and withdrawal options available in your area, you can explore the IC Markets website.

IC Markets provides several payment methods for funding your IC Markets account. You may utilize any of these deposit options if they are available in your region. IC Markets ensures that users have multiple payment methods to choose from, making it more convenient for verified IC Markets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the IC Markets user's location. learn more about IC Markets funding and withdrawal methods.

IC Markets Payment Methods

Some IC Markets payment methods are local and are available only to specific regions. IC Markets account holders should check which payment methods are provided in your region.

• IC Markets accepts Credit Cards
• IC Markets accepts Debit Cards
• IC Markets accepts MasterCard
• IC Markets accepts VISA
• IC Markets accepts PayPal
• IC Markets accepts Neteller
• IC Markets accepts Neteller VIP
• IC Markets accepts Skrill
• IC Markets accepts UnionPay
• IC Markets accepts Wire Transfer
• IC Markets accepts Bpay
• IC Markets accepts Broker to Broker
• IC Markets accepts POLI
• IC Markets accepts Thai Internet Banking
• IC Markets accepts Rapidpay
• IC Markets accepts Klarna
• IC Markets accepts Vietnamese Internet Banking

How can I start trading with IC Markets?

To open a trading account with IC Markets, individuals can sign up on the IC Markets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for IC Markets account validation and making a deposit. Once completed, IC Markets users can download the trading platform of their choice.

It's important to note that IC Markets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps IC Markets maintain a trustworthy financial environment for its 200,000 users. Detailed information on the IC Markets trading platforms is available on their website.

Losses can exceed deposits

Performing trades with IC Markets

When using IC Markets, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. By offering ECN execution, IC Markets provides traders with tighter spreads and increased transparency regarding trade pricing. It's worth noting that ECN accounts typically come with a commission fee and tend to be favoured by traders who use high-volume strategies, such as scalpers and those utilizing automated trading.IC Markets is one of the world's largest and most successful Forex CFD providers with its Tight and Low Spread.

One of the IC Markets platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide IC Markets traders with greater confidence and peace of mind when trading on the IC Markets platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of IC Markets trades.

Like other brokers, IC Markets margin requirements can differ depending on the traded instrument.

IC Markets offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about IC Markets, and see all of the IC Markets account features on the official IC Markets website.

CFD Trading on IC Markets

We will show you an example of the basics of using IC Markets leverage.

CFD trading on IC Markets allows traders to speculate on the price movements of various financial instruments against the broker IC Markets, without actually owning real assets. With CFDs, IC Markets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

IC Markets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, IC Markets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the IC Markets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, IC Markets leverage magnifies both profits and losses in trading.

Trading CFD trades on the IC Markets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced IC Markets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with IC Markets Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like IC Markets. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a IC Markets trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, IC Markets trading losses are always limited to the current balance of funds in the trader's account.

Even if an IC Markets trader experiences a significant loss, they will never owe more money than what is available in their IC Markets account balance.

It's important for IC Markets traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that IC Markets losses are limited to the funds available in your IC Markets account when negative balance protection is in place.

Limit Risk When Trading with IC Markets Stop Loss, IC Markets Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as IC Markets . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for IC Markets traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an IC Markets trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide IC Markets traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with IC Markets, you must actively monitor your live trading portfolio and financial exposure on IC Markets.

Education Resources at IC Markets

IC Markets offer educational resources which include Webinars, Podcasts, Video Tutorials, Help Centre Articles, Blogs. Please bear in mind that these resources provided by IC Markets do not guarantee any results when trading. When we checked on the IC Markets website, these educational resources were not available in every language. Also some financial instruments mentioned in any IC Markets educational resources may not be available in your region.

To trade effectively with IC Markets, it's important to have a good understanding of the IC Markets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with IC Markets and externally.

IC Markets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with IC Markets. Familiarizing yourself with the IC Markets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using IC Markets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with IC Markets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like IC Markets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with IC Markets. Explore the IC Markets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with IC Markets, before live trading.

Customer Support at IC Markets

As part of our IC Markets review, we review customer service options, response times and problem resolution effectiveness on the IC Markets trading platform. The IC Markets trading platform supports multiple languages, which includes English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more.

IC Markets Available Support Types

IC Markets has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

IC Markets customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with IC Markets has to be positive for you to effectively trade the financial markets on the IC Markets platform. IC Markets should answer all of your questions and your IC Markets platform issues are solved. When an IC Markets customer has any queries regarding IC Markets, the IC Markets customer support team should take these issues seriously and offer a quick and effective solution. IC Markets has a great client support team, so we have rated their customer service highly.

Livechat Support at IC Markets

We experienced fast and responsive support from IC Markets

At IC Markets, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from IC Markets should be a positive support experience for all IC Markets users, saving you from waiting days for an email response.

We also tested communicating with IC Markets support in various languages and countries. The IC Markets help centre quickly resolved our customer issues.

Email Support at IC Markets

As part of our review process, we wanted to test the email support offered by IC Markets. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows IC Markets has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by IC Markets. If you're looking for a broker with reliable email support, IC Markets is worth considering.

Phone Support at IC Markets

IC Markets does not offer Phone Support.

See how IC Markets Support Compares Against Other Brokers

What you will need to open an account with IC Markets

As IC Markets is regulated by Seychelles Financial Services Authority (FSA) (SD018).

As a new client of IC Markets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with IC Markets in your region. During the IC Markets account opening process, you will be asked to provide IC Markets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with IC Markets have the following documents available.

• IC Markets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for IC Markets compliance. This must be dated within the last six months.
• If you plan to fund your IC Markets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the IC Markets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under IC Markets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring IC Markets's platform.

However, remember that you won't be able to make trades on IC Markets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the IC Markets KYC compliance process as soon as possible to avoid any delays in accessing the IC Markets platform's features.

It is important to note that IC Markets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the IC Markets platform and features immediately. However, you must pass the verification process to start live trading with IC Markets, which can take up to a few business days.

To start the process of opening an account with IC Markets you can visit the IC Markets trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from http://www.icmarkets.com/ on November 19, 2024.

Watch this IC Markets Explainer Video

IC Markets review written by Andrew Blumer and Mark Hansen