FPA Rating (3.5/5)MT4, MT5, cTrader
1:500 (varies by regulator/account)
ASIC, CySec
Domiciled in Sydney, Australia, IC Markets has solidified its status as a preeminent worldwide purveyor of forex CFDs, orchestrating a daily trade volume that surges past $15 billion via the execution of over 500,000 orders on a daily basis. Enforcing regulatory vigilance under the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission, IC Markets stands as a proud server to patrons hailing from 140-plus nations, rendering services to a thriving community of over 100,000 engaged traders.
Distinguishing itself resolutely within the market, IC Markets extends an invitation to users with highly competitive variable spreads, commencing at a staggeringly low 0.0 pips on significant FX pairs. The broker's renowned repute for lightning-quick order execution, processing trades in under 40 milliseconds, positions it as the quintessential platform for high-frequency trading, algorithmic strategies, and institutional investors.
IC Markets emerges as the sound choice for traders in pursuit of a well-established, credible broker endowed with a vast spectrum of market instruments and a panoply of trading platforms. With a string of financial authorities regulating its operations, the company engenders a reassurance amongst traders, safeguarding their financial stakes.
IC Markets impresses with its diverse selection of market instruments, offering over 2,200 CFD options across various asset classes. This extensive array caters to traders seeking exposure to different markets and trading opportunities.
One of IC Markets' standout features is its exceptional order execution speed, processing trades in under 40 milliseconds. This ultra-low latency is especially advantageous for high-frequency trading and algorithmic strategies, enhancing the overall trading experience.
IC Markets shines in customer service, providing round-the-clock assistance. Their highly responsive support team, available through multiple communication channels, ensures that clients' concerns and inquiries are promptly addressed, contributing to a positive client experience.
While IC Markets excels in the CFD trading realm, it lacks access to non-CFD assets such as mutual funds, real shares, and ETFs. Expanding their offerings to include these investment options could attract a broader range of traders with diverse preferences.
While IC Markets offers a variety of deposit and withdrawal methods, the processing time for withdrawals could be improved. The current 3-5 day processing window, which can extend to 10 days in some cases, might deter traders who require quicker access to their funds.
While IC Markets boasts no fees for deposits, there could be more transparency around potential withdrawal fees, especially those related to bank transfers. Clear communication regarding any applicable fees would enhance trust and prevent any unexpected financial surprises for clients.
IC Markets is a prominent global provider of forex CFDs (Contracts for Difference), facilitating trading in a wide range of financial instruments. Headquartered in Sydney, Australia, IC Markets has gained recognition for its competitive spreads and fast order execution.
5/5IC Markets offers competitive fees for both forex and commodities trading. However, the fees for trading commodities are generally higher than forex trading fees.
IC Markets offers a Raw Spread forex trading account with ECN pricing, where commission-free Forex fees start from 0.6 pips on the major currency pairs or $6.00 per 1.0 standard round lot.
The spread on forex pairs starts from 0 pips with any Raw spread account, although commission is charged on these trades ($3 per lot with cTrader, $3.50 per lot).
On the other hand, IC Markets' fees for trading commodities are higher. For example, the commission for trading gold is $3.50 per lot per trade plus spread cost.
Overall, IC Markets' fees are ultra-competitive, especially for high-volume traders who can achieve a cost structure as low as $3.50 per 1.0 standard round lot via volume.
4/5IC Markets offers a variety of trading tools that are highly rated by traders. Here are some of the most popular trading tools offered by IC Markets:
Depth of Market (DoM): This tool allows traders to see the current market depth and liquidity for a particular instrument.
Inbuilt Spread Monitoring: This tool allows traders to monitor the spread of an instrument in real-time.
Ladder Trading: This tool allows traders to view the order book and place orders at different price levels.
Automated Close of Trades with Custom Order Templates: This tool allows traders to set custom order templates to automatically close trades based on specific criteria.
Advanced Trading Tools: IC Markets offers 20 exclusive trading tools on MetaTrader 4, including the Correlation Matrix, Market Manager, and Sentiment Trader.
Trading Servers: IC Markets' trading servers are located in the NY4 data center in New York and the LD5 data center in London, providing low latency and fast execution speeds for traders.
Mobile Trading: IC Markets offers a mobile app for traders who want to trade on-the-go.
Research and Education: IC Markets offers a range of research and educational tools, including webinars, trading platform videos, and educational articles.
Overall, IC Markets' trading tools are highly rated by traders, and they offer a variety of tools for traders to use. 4.5/5IC Markets offers a wide range of markets for traders to choose from, including forex, commodities, indices, and cryptocurrencies. Here is a breakdown of the available markets offered by IC Markets:
Forex: IC Markets offers over 60 currency pairs, including majors, minors, and exotics.
Commodities: IC Markets offers trading in gold, silver, crude oil, and other commodities.
Indices: IC Markets offers trading in a variety of global indices, including the S&P 500, NASDAQ, and FTSE 100.
Cryptocurrencies: IC Markets offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Bonds: IC Markets offers trading in government bonds.
Overall, IC Markets offers a diverse range of markets for traders to choose from, including popular markets like forex and commodities, as well as emerging markets like cryptocurrencies.We help answer some common questions traders asked about IC Markets
IC Markets is a leading global provider of forex Contracts for Difference (CFDs), facilitating trading activities for investors worldwide. Headquartered in Sydney, Australia, IC Markets offers a wide range of trading instruments, including currency pairs, company shares, commodities, and more.
IC Markets distinguishes itself through its ultra-swift order execution, processing trades in under 40 milliseconds. Additionally, the broker offers highly competitive variable spreads, including an impressive low of 0.0 pips on major FX pairs, making it an attractive choice for high-frequency trading and algorithmic strategies.
IC Markets offers three prominent trading platforms: cTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). These platforms are accessible through desktop applications, web browsers, and mobile devices. Dedicated mobile apps for Android and iOS devices ensure convenient trading on the go.
IC Markets provides three types of trading accounts: Standard Account, Raw Spread Account, and cTrader Account. Each account type offers distinct features, including variable spreads, commission structures, and trading platforms, catering to traders with diverse preferences and strategies.
Yes, IC Markets is regulated by both the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that the broker adheres to industry standards and practices, providing a level of security and transparency to traders.
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