What is IC Markets?
IC Markets is a broker, based in Australia, whose good work is making it popular all over the world. It specialises in Forex and CFDs, but also offers the option to trade commodities or indices.
In the following paragraphs, we will go deeper into the main characteristics of this broker, looking into its positive aspects and also showing the negative ones.
Is IC Markets a reliable broker?
The Australian Securities and Investments Commission (ASIC) covers the broker IC Markets under licence number 335692. The money entrusted to it by its clients is deposited with various Australian banks such as Westpac and National Australia Bank (NAB).
As we said at the beginning, IC Markets is becoming well known beyond Australia’s borders, which is a clear indication that it is an entity that can be trusted. It operates in CFD markets in Europe, North America and Asia and works with investors in countries such as Spain, Argentina, Mexico and Colombia.
The fact that it is registered with ASIC, together with the large number of clients and partners around the world is enough to affirm that IC Markets is absolutely safe and reliable. In addition, there are no complaints of fraud against this broker. Enough to corroborate, once again, the above opinion.
IC Markets Commissions
The tables below provide detailed information on many of the instruments available at IC Markets as well as their spreads and commissions.
Trading platforms at IC Markets
IC Markets works with different trading platforms, allowing clients to trade on the platform of their choice, making the trading experience much more convenient and personalised.
Probably the most popular trading platform on the market. It is available for trading directly on the web and also has a download option and versions for tablets and smartphones compatible with Windows, iOS and Android.
It offers a fast, simple and highly intuitive service. Ideal for Forex trading, with a wide range of analysis tools and spectacular charts.
It is the improved version of the previous one, therefore, it includes all the functionalities of its predecessor and adds to them the possibility of accessing a greater diversity of markets and investment options.
Developed by Spotware Systems Ltd., there are web, iOS and Android versions. Available in 14 languages and with a very powerful charting system. Allows working with NDD (Non Dealing Desk) brokers and ECN/STP execution.
More than adequate in terms of the indicators offered for technical analysis and with almost instant order execution. It allows automatic trading, but does not have charts. It is a common trading platform among traders with some experience or those who manage several accounts.
Platforms in IC Markets
IC Markets offers its clients various types of trading accounts:
This account is operated on the MetaTrader platform, requires an initial deposit of $200, has no commissions and spreads are as low as 1.0 pip. It offers reasonable leverage and allows you to work with 64 currency pairs.
The star of the house and the most popular. It is operated with MetaTrader, the spreads are lower than in the previous case, the initial deposit is also $200, the leverage is standard and the available currency pairs are 64. The negative point is that it has a commission of $3.50 per lot.
Logically, it uses the cTrader platform. Again, very low pips, initial deposit $200, high leverage, 64 currency pairs and commission of $3 per lot.
One of the most important features for people who are just starting out. A demo trading account to learn and practice before investing for real.
Advantages of trading with IC Markets
- Low initial deposit.
- Very low (in some cases non-existent) spreads and commissions.
- Wide variety of payment and withdrawal methods, including Paypal (not very common with other online brokers).
- Possibility of social trading and the existence of PAMM/MAM accounts.
IC Markets’ summary and opinion
Those who want to trade on ECN with a reputable broker that is absolutely safe and reliable have a great option with this Australian broker.
FREQUENTLY ASKED QUESTIONS
WHO IS IC MARKETS?
This is an Australian-based online broker specialising in Forex and CFD trading.
For an in-depth look at IC Markets you can read our full analysis.
IS IT A REGULATED BROKER?
Yes it is. IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), where the broker’s head office is located.
IC Markets currently accepts clients from various regions such as Europe, America, Asia and Australia. See the regulation section on our website for more details.
WHAT PLATFORMS DOES IC MARKETS OFFER?
This broker offers a comprehensive range of trading platforms to suit the needs of all types of traders, from beginners to advanced traders.
You will be able to make use of the famous Metatrader and also the popular cTrader. You will find more information at the top of our page.