IC Markets Rated 4/5

IC Markets Guide - Read our In Depth 2024 IC Markets Review

IC Markets is a world-renowned trading platform and broker known for its exceptional features and services. With a massive Forex volume, IC Markets is one of the highest volume trading platforms in the world. Traders can trade Forex, CFDs, stocks, indices, bonds and cryptocurrencies 24/7, with leverage up to 1:1000 on certain financial instruments in certain regions. The brokerage offers reduced slippage and high trading liquidity, with over 29 billion USD executed in buy and sell trades daily. IC Markets is known for having some of the most competitive spreads, with raw spreads starting at 0.0 pips and averaging 0.1. IC Markets liquidity maintains tight spreads 5 days a week, 24 hours a day, and fast order execution speeds are ensured using fibre optics and Equinix NY4 servers with low latency. IC Markets offers free and paid low-latency VPS systems for traders wanting to customize their trading setup with custom scripts using MT4, MT5, or cTrader. IC Markets provides unparalleled access to its trading platforms with support for modern web browsers, Microsoft Windows, Apple Mac, Apple iOS, and Android devices through the MT4, MT5, and cTrader platforms. IC Markets is a top choice for traders using automation, executing over 500,000 automated trades daily at their Equinix NY4 trading hub in New York. The brokerage also offers weekly webinars in multiple languages, offering trading insights to more active traders. With fast withdrawals and support for popular funding and withdrawal methods, such as PayPal, bank transfer, debit cards, credit cards, Skrill, and Neteller, IC Markets ensures a seamless customer trading experience. Overall, IC Markets is a high-tier institutional-grade online trading platform and broker, providing traders worldwide with the trading tools they need to succeed.

This detailed IC Markets review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies.
*This content does not apply to US users.

Learn more about IC Markets.

Benefits of Trading with IC Markets

IC Markets Review 2024 Quick Summary
๐Ÿ’ฐ Min Deposit 200
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 180,000 IC Markets users and traders
๐Ÿ“† Founded 2007
๐ŸŒ HQ Australia
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries IC Markets is not available in the following countries : US, IR, CA, NZ, JP

Open IC Markets's Website

Losses can exceed deposits

Learn more about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is IC Markets?

IC Markets are a worldwide financial trading platform and broker. founded in 2007

Over 16 years later IC Markets now serves over 180,000 retail investors Forex trading, CFDs trading, Spread Betting trading, Share dealing trading, and Cryptocurrencies trading.

IC Markets are a global broker. IC Markets have a head office in Australia.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this IC Markets review and assess how well the IC Markets platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like IC Markets. Choosing or shortlisting a trading platform like IC Markets can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like IC Markets.

As a result, selecting the right trading platform like IC Markets requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like IC Markets available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like IC Markets requires thorough due diligence and careful consideration. Some IC Markets trading features can be complex when trading on mobile or using the IC Markets online trading platform. Beginners and inexperienced traders must take the time to learn how to use the IC Markets trading tools properly. In our review of IC Markets we explain the pros and cons. What IC Markets offer, countries IC Markets are available in. Who IC Markets are regulated by and more.

IC Markets Review Screenshot

When it comes to online trading with brokers like IC Markets, carefully review IC Markets as your broker can make or break your success. Choosing the right broker is essential to ensure your IC Markets investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your IC Markets review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of IC Markets. You must also ensure the IC Markets broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, IC Markets needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with IC Markets into easily digestible information in this IC Markets review. We want to ensure you have all the knowledge necessary to use the IC Markets trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with IC Markets are the key to successful trading, so we've provided this detailed IC Markets review. So, take a seat, grab a cup of coffee, and dive in to learn about IC Markets and how it can benefit you or if IC Markets is not for you.

The fact that IC Markets has a Wikipedia page is a testament to its reputation and credibility in online trading. It's worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to IC Markets speaks to its legitimacy and significance.

Creating a IC Markets Wikipedia page is challenging, as it requires meeting strict criteria and providing accurate, verifiable information regarding IC Markets. Wikipedia must include reliable sources that support the IC Markets content on the page.

If you want to learn more about IC Markets and its history, its Wikipedia page is an excellent resource. You can find valuable information about the IC Markets founders, services, and industry reputation. Open the IC Markets Wikipedia page.

Online investing with IC Markets can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with IC Markets, evaluating the IC Markets platform is important. Evaluation includes researching the IC Markets management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with IC Markets. That's why it's essential to understand the IC Markets company policies and practices before making any investment decisions. By doing your due diligence and understanding IC Markets platform, you can make informed investment choices that align with your financial goals. So take the time to research IC Markets thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this IC Markets review you need to determine if IC Markets is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to IC Markets, so you can make a more informed decision and compare other brokers against IC Markets.

If you want to look at some IC Markets alternatives that might better fit your needs, we list and compare some of the best IC Markets alternatives further down this IC Markets review.

Trading online with IC Markets requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the IC Markets trading tools and features. You must know what you are doing when trading with IC Markets. That's why we've compiled this detailed IC Markets review with some important information that will hopefully make you more informed when online trading with IC Markets.

IC Markets Review Table of Contents

IC Markets review
IC Markets is a Multi-Assets Trading Platform with over 2250+ Assets

Learn more about IC Markets. IC Markets is a multi asset platform with 2250+ tradable Assets. Assets available on IC Markets include Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies.

IC Markets trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies are considered financial assets.

Features of IC Markets

  • Virtual Portfolio, or what is commonly known as a Demo Account
  • API Trading
  • Social Trading available
  • Copy Trading available
  • StopLoss
  • Trailing Stops
  • TakeProfit Orders
  • IC Markets offers Advanced Financial Chart comparison tools
  • IC Markets offers Research-backed analysis on financial markets and investments from top analysts
  • The IC Markets platform is available to use on multiple devices including Windows PC, Apple Mac computers, iOS devices like iPhones and iPads, Android devices and online through a Web Browser.
  • IC Markets offers a trading platform with tools for both New Traders and Seasoned Experts
  • IC Markets users benefit from using the IC Markets platform in over 8 different languages

IC Markets review
What you should know

IC Markets offer five ways to trade: Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. The assets and products available to you on the IC Markets trading platform depends on the region of the world, you are in and the IC Markets entity you have an account.

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 considering IC Markets for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as IC Markets, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2007, and in operation for 16 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 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

IC Markets has 3 entities which are regulated by 3 regulatory authorities: IC Markets AU (ACN 123 289 109) (trading as IC Markets) holds an Australian Financial Services Licence (AFSL No. 335692) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. IC Markets (EU ) - regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence No 362/18. "IC Markets SC" - regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence number: SD018

IC Markets withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like IC Markets are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. IC Markets are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of IC Markets and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. IC Markets has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, IC Markets will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like IC Markets, you can enjoy peace of mind and focus on your trading activities. If IC Markets violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with IC Markets?

All payments made to IC Markets by traders are securely held in a segregated bank account.

IC Markets uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should IC Markets use them?

IC Markets partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their IC Markets clients' funds.

IC Markets clients can have greater confidence in their financial security when working with a Tier 1 bank because IC Markets are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in IC Markets deposited in a Tier 1 bank?

Depositing funds with IC Markets ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if IC Markets were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that IC Markets is a secure and safe platform.

Please be aware that trading in financial assets with IC Markets carries a risk of loss. IC Markets trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

IC Markets emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about IC Markets, let's closely examine its features.

To better understand the IC Markets trading platform, you can create two separate accounts - one with real money and the other a IC Markets demo account. A IC Markets demo account provides a risk-free environment for experimenting with the IC Markets platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in IC Markets trading decisions.

Open a demo account Visit IC Markets

Losses can exceed deposits

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

How IC Markets as a Company Compare Against Other Brokers

Broker IC Markets Roboforex eToro XM
Year Established 2007 2009 2007 2009
Head Office Australia Belize Cyprus, UK Cyprus
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Used By 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users 3,500,000+ XM users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XM
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IC Markets review
IC Markets Pros and Cons

What we like about IC Markets

  • Used by over 180,000 IC Markets users and traders
  • Established in 2007
  • Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $200

What we don't like about IC Markets

IC Markets review
IC Markets Regulation and Licensing in more detail

IC Markets is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of IC Markets going into insolvency. IC Markets compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like IC Markets to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for IC Markets traders.

IC Markets is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like IC Markets you should be sure they're legitimate online agent.

Is IC Markets Global?

Yes, IC Markets is global as IC Markets is available in over 190 countries.

IC Markets is a global trading platform in the sense that it operates in 190 countries including nations in Africa, Asia, Oceania, and Europe. Major countries IC Markets covers include the UK, Germany, South Africa, Thailand, China and Australia. As per its Wikipedia page, IC Markets has a total of more than 180,000 users. Commendable figures from IC Markets.

IC Markets review
IC Markets Awards

IC Markets have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for IC Markets below.

  • 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 does 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

Broker IC Markets Roboforex eToro XM
Min Deposit 200 10 50 5
Withdrawal Fees No Yes Yes No
Inactivity Fees No No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees Yes No Yes No

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, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether).

IC Markets Review Withdrawal of Funds

IC Markets Withdrawal Requests Processing

To ensure fast processing of your IC Markets payment withdrawal request, submit it before noon AEST/AEDT. Ensure that your funds are transferred promptly. Be aware of additional processing times and fees associated with your payment method and currency to avoid delays or unexpected costs.

IC Markets Withdrawal Bank Charges

IC Markets does not impose any additional charges for depositing or withdrawing funds. However, it's important to note that some global banking institutions may apply penalties for payments made to or from your IC Markets account. These fees are not the responsibility of IC Markets, and it's recommended that you check with your bank for any potential charges that may apply.

IC Markets Withdrawal International Charges

For International Bank Wire Transfers, a processing fee of 20 AUD or money equivalent is billed by our banking institution. We'll deduct this fee from your withdrawal amount. But this may vary depending upon your authority and the bank you use, and it might take up to 14 days and incur extra intermediary fees.

IC Markets Paypal, Neteller, and Skill Withdrawals

The same account must make Paypal, Neteller, and Skrill withdrawals from where funds are initially sent. These transactions are processed at no charge and are instantaneous once processed.

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 do charge deposit fees.

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
What can you trade with IC Markets?

It's essential to note that the trading instruments offered under the IC Markets brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the IC Markets trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade a wide variety of instruments with IC Markets over 2250 instruments in fact.

If you want to trade currency pairs on global Forex markets, IC Markets offer over 61 currency pairs.

IC Markets Compared To Other Brokers

Compare IC Markets with Roboforex and eToro below.

Losses can exceed deposits

How IC Markets Trading Options Compare Against Other Brokers

Broker IC Markets Roboforex eToro XM
Instruments Available 2250 100 5000 1000
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 61 35 50 Yes
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes No Yes No
Commodity CFDs        
Commodities Offered 20 21 31 Yes
Metals Yes Yes Yes Yes
Energies Yes No Yes Yes
Agricultural Yes No Yes No
Indiced & Stock CFDs        
Stocks Offered 2100 0 2042 Yes
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
76% of retail investor accounts lose money when trading CFDs with this provider.
Visit XM
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

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.

IC Markets MetaTrader 4 tradable Instruments

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 MetaTrader 4 Charting

IC Markets offers all of the main chart types online traders use, including line charts, open high/low close charts or bar charts, and candlestick charts. You can change how the charts are displayed, including Black on White, Green on Black, and Yellow on Black. You have a few other display options like the chart in the foreground, chart shift, Chart auto-scroll, Show OHLC, Show ask line, Show period separators, Show grid, Show volumes, and show object descriptions. You can also change the chart timeframe to 1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, daily, weekly, and monthly.

IC Markets MetaTrader 4 Chart Options

IC Markets MetaTrader 4 Charting Tools and Indicators

IC Markets MetaTrader 4 offers a good selection of Charting tools and indicators.

MetaTrader 4 Chart Indicators for Technical Analysis

Regarding technical analysis, the MetaTrader 4 platform offers a wide range of chart indicators that traders can use to analyze and predict market trends. These indicators can be grouped into different categories based on their functions and characteristics.

MetaTrader 4 Chart 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, Parabolic SAR, Moving Averages, Ichimoku Kinko Hyo, and Standard Deviation.

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 Include:

  • MACD
  • Stochastic Oscillator
  • Relative Strength Index
  • Moving Average of Oscillator
  • Commodity Channel Index
  • Average True Range
  • Momentum
  • DeMarker
  • Bulls Power
  • Bears Power
  • Williams Percent Range
  • Triple Exponential Average
  • Relative Vigor Index
  • Force Index

By using these volume indicators, traders can gain insight into market trends and analyze the strength of buying or selling pressure. Understanding the volume of trades can also help traders identify potential price reversals or confirm the continuation of a trend.

Volume indicators are used with other technical analysis tools to understand market trends and price action comprehensively.

By combining these chart indicators, traders can gain insight into market trends and make more informed trading decisions. However, it is important to remember that no indicator is foolproof. Traders should use multiple indicators and technical analysis tools to confirm their findings and reduce the risk of error.

IC Markets MetaTrader 4 Chart Indicators

IC Markets review
IC Markets MT4 Buying and Selling

IC Markets MetaTrader 4 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

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.

IC Markets MetaTrader 5 Instruments

IC Markets MetaTrader 5 Charting

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 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

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.

IC Markets cTrader

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.

IC Markets cTrader Copy Trading

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 Zero spread 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 PayPal
  • IC Markets accepts Wire Transfer
  • IC Markets accepts Neteller
  • IC Markets accepts Neteller VIP
  • IC Markets accepts Skrill
  • IC Markets accepts UnionPay
  • IC Markets accepts Bpay
  • IC Markets accepts FasaPay
  • 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
  • IC Markets accepts Online Digital Wallets
  • IC Markets accepts USDT (Tether)
Broker IC Markets Roboforex eToro XM
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes No Yes No
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

*please note available IC Markets and other broker payment methods depend on the clients country of residence.

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 180,000 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.

IC Markets, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like IC Markets can be useful for traders starting or with limited capital.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

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

Broker IC Markets Roboforex eToro XM
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Learn More Visit IC Markets Visit Roboforex Visit eToro Visit XM
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What you will need to open an account with IC Markets

As IC Markets is regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

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 28, 2023.

Watch this IC Markets Explainer Video

Is IC Markets A Good Broker?

We have spent over 5 years examining IC Markets in depth. Although IC Markets are not perfect; we found many really useful aspects with the overall offering from IC Markets. Our personal experience of trading with IC Markets was very good. Weighing up many points,IC Markets is a good broker.

  • IC Markets have a good track record of offering Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies.
  • IC Markets has a history of over 16 years.
  • IC Markets has a reasonable sized customer support of at least 10.
  • IC Markets are regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). IC Markets is subject to strict regulatory oversight from its respective jurisdiction, which holds IC Markets (the broker) accountable for misconduct. This regulatory framework helps ensure that IC Markets operates fairly and transparently and provides IC Markets customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and IC Markets.
  • IC Markets have regulation from reputable regulators.
  • One of the advantages of using IC Markets is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from IC Markets are particularly important as IC Markets traders want to receive their money quickly. With the efficient IC Markets payment processing system, traders can enjoy faster access to their IC Markets funds.
  • IC Markets have an international presence in multiple countries. Including local IC Markets seminars and training.
  • IC Markets can hire people from various locations in the world who can better communicate in your local language.

More IC Markets Guides and Research

If you are researching IC Markets, make sure to read through the below IC Markets related guides. You will find something useful.

IC Markets Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

IC Markets not quite right?

If after reading this IC Markets review, IC Markets does not fulfill your needs check out these IC Markets Alternatives.

Click here to view the best IC Markets Alternatives

We have spent years researching the best alternatives to IC Markets. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective IC Markets alternatives available today. If you are unsatisfied with IC Markets or want to explore other options, we recommend checking out our carefully curated list of highly-rated IC Markets alternatives. Follow the links below to learn more about these IC Markets broker alternatives and choose the one that best suits your trading needs.

Related IC Markets Vs Comparisons

Throughout our comprehensive IC Markets review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing IC Markets against other popular brokers in the industry, check out our IC Markets Vs pages. Our team has compiled a series of detailed IC Markets comparison articles, pitting the IC Markets platform against some of the best-rated IC Markets competitors in the market. Dive into our informative IC Markets Vs pages below to find out how IC Markets stacks up against other leading brokers.

IC Markets review
IC MARKETS Frequently Asked Questions

Read our detailed IC Markets FAQ Section updated for 2024.

Can I try IC Markets?

IC Markets offer a demo account so you can try the IC Markets platform with virtual trading before you put down a payment. Virtual trading with IC Markets is zero risk. Learn more here

What funding methods do IC Markets accept?

Please note that the list of payment methods below depends on the IC Markets Entity and the client's Country of Residence.

IC Markets offer the following funding payment methods Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether), among other payment methods.
Learn more here

Losses can exceed deposits

Is IC Markets safe?

IC Markets have over 180,000 users. IC Markets are considered reliable as they are regulated by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with IC Markets is risky, and because the market is so volatile, losses could happen at any time. Do not invest with IC Markets unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Losses can exceed deposits

Is IC Markets trading good?

IC Markets is considered good and reputable to trade with IC Markets. IC Markets is used by over 180,000 traders and IC Markets users. IC Markets offers Forex trading, CFDs trading, Spread Betting trading, Share dealing trading, and Cryptocurrencies trading. Minimum deposit with IC Markets is 200.

Is IC Markets trading Legit?

IC Markets was founded in Australia in 2007. IC Markets has been facilitating trade on the financial markets for over 16 years. IC Markets offers clients Forex trading, CFDs trading, Spread Betting trading, Share dealing trading, and Cryptocurrencies trading. All funds deposited to IC Markets are held in segregated bank accounts for security. IC Markets is regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is IC Markets a good broker?

IC Markets allows Forex trading, CFDs trading, Spread Betting trading, Share dealing trading, and Cryptocurrencies trading. IC Markets is overseen by the top tier financial regulators Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker.

Is IC Markets trustworthy broker?

IC Markets is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to IC Markets, money is in a segregated bank account that is separate from IC Markets company's funds. As a regulated broker, IC Markets cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by IC Markets. Instead, your IC Markets funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with IC Markets. Also IC Markets is regulated in its local jurisdictions including major financial regulators like Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for IC Markets?

The minimum deposit to trade with IC Markets is 200.

How long do IC Markets withdrawals take?

Withdrawing money from IC Markets processing time varies depending on the method but averages 1-5 days.

Is IC Markets regulated?

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of IC Markets maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is IC Markets a market maker?

IC Markets is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by IC Markets even if no buyer or seller is lined up.

How can I start trading with IC Markets?

When opening a trading account with IC Markets, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on IC Markets trading platforms, you can follow the link provided below: Learn more about signing up with the IC Markets trading platform here. This will provide useful information and insights into the various trading platforms offered by IC Markets, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with IC Markets?

Yes your money is safe with IC Markets.

Overall, strict financial regulation is essential for ensuring that trading platforms like IC Markets operate fairly, transparently, and responsibly, which ultimately benefits all IC Markets stakeholders involved.

Trading platforms like IC Markets must have strict financial regulation for several reasons:

  • Protecting IC Markets Investors: Strict financial regulation ensures that investors who use the IC Markets trading platform are protected against fraudulent or unethical behavior by the IC Markets platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the IC Markets platform.
  • Maintaining IC Markets Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the IC Markets trading platform. Regulatory procedures reduce the likelihood of the IC Markets platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing IC Markets Transparency: Regulations require trading platforms like IC Markets to maintain detailed records and disclose IC Markets client information. Financial regulatory requirements enhances transparency and helps to build trust between the IC Markets platform and its investors.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). When selecting a broker such as IC Markets, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, IC Markets ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like IC Markets.

Is IC Markets a con?

IC Markets is regulated and well established, having been in business for over 16 years. IC Markets is not a con.

Can you make money with IC Markets?

Although traders have had great success with IC Markets, trading on the financial markets with IC Markets is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does IC Markets have fees?

IC Markets doesn't charge withdrawal fees. IC Markets doesn't charge inactivity fees. IC Markets do charge deposit fees.

When was IC Markets founded?

IC Markets was founded in 2007.

How many people use IC Markets?

IC Markets is used by over 180,000 registered IC Markets users.

What is IC Markets Headquarters country?

IC Markets has its head quarters office in Australia .

Does IC Markets offer negative balance protection?

IC Markets offers negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does IC Markets offer guaranteed stop loss?

IC Markets does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does IC Markets allow scalping?

IC Markets offers scalping.

Does IC Markets allow hedging?

IC Markets offers hedging.

Does IC Markets offer CFD trading?

IC Markets offers CFD trading.

Does IC Markets offer STP?

IC Markets does not offer STP trading.

How many people use IC Markets?

IC Markets is used by over 180000 IC Markets users and traders.

Is IC Markets an ECN broker?

IC Markets does not offer ECN trading.

Does IC Markets offer a demo account?

IC Markets offers a demo account.

Does IC Markets offer an Islamic account?

IC Markets offers an Islamic account.

What are the funding methods for IC Markets?

Please note that funding methods and options available with IC Markets can be found in the IC Markets Members area and depend on the IC Markets clientโ€™s country of residence. Please check your specific available payment methods on the IC Markets website. IC Markets accept the following funding methods : Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether).

IC Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the IC Markets brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

IC Markets review written by Mark Hansen of Comparebrokers.co