IC Markets Review for 2019

IC Markets Rated 4/5

IC Markets Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of IC Markets we break down the pros and cons. What IC Markets are able to offer, what countries IC Markets are available in. Who IC Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open IC Markets's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to IC Markets

With this review we hope to help you see if IC Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding IC Markets that will help you get off to a good start in the world of online trading.

IC Markets what you should know

IC Markets offer two ways to trade: Forex, Social Trading.

With IC Markets you will need a minimum deposit of $200. You can sign up for a demo account to acquaint yourself with IC Markets platform.

IC Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are IC Markets safe?

When choosing a broker like IC Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.

IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by the ASiC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IC Markets, this will be honored. If IC Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to IC Markets accounts by traders are held in a segregated bank account.

For added security IC Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with IC Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit IC Markets

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2007
  • Regulated by ASiC
  • Min. deposit from $200

What we don't like

IC Markets General Fees

  • IC Markets doesn't charge withdrawal fees
  • IC Markets doesn't charge inactivity fees

IC Markets Commissions

  • IC Markets does charge commission on CFD shares

What can you trade with IC Markets?

You can trade a wide variety of instruments with IC Markets over 100 instruments infact.

If you are looking at trading currency pairs IC Markets offer over 15 currency pairs.

Compare IC Markets with Interactive Brokers and XTB below.

FX / Currencies IC Markets IB XTB
# of forex pairs offered 15 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes
Exotic forex pairs Yes
Cryptocurrencies No No Yes
Commodity CFDs IC Markets Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs IC Markets Interactive Brokers XTB
# of Stocks offered 0 1500
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
IC Markets's
Instruments
IB's
Instruments
XTB's
Instruments

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 looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

IC Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See IC Markets's platforms

IC Markets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

IC Markets Trading Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account

Can I try IC Markets before I buy?

IC Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do IC Markets accept?

IC Markets offer the below funding payment methods. learn more about IC Markets

  • Credit cards
  • Bank Transfer
  • Neteller

How can I start trading with IC Markets?

When opening a trading account with IC Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IC Markets trading platforms here.

Performing trades with IC Markets

IC Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As IC Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, IC Markets are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, IC Markets offer margin up to 1% on currencies.

Support at IC Markets

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

IC Markets have a A grade support rating because IC Markets offer over three languages and email support.

What you will need to open an account with IC Markets

As IC Markets is regulated by ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore IC Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with IC Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from http://www.icmarkets.com/ on 12th August 2018.

IC MARKETS Frequently Asked Questions

Can I try IC Markets before I buy?

IC Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do IC Markets accept?

IC Markets offer the below funding payment methods accept Credit cards, Bank Transfers, Neteller, among other payment methods. Learn more here

How can I start trading with IC Markets?

When opening a trading account with IC Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IC Markets trading platforms here.

Is my money safe with IC Markets?

IC Markets is regulated by ASiC. One of the most important criteria for traders when choosing a broker like IC Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IC Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.