IC Markets is amongst the best multi-asset trading platforms. It specializes in CFDs over forex and other financial derivates. Brokers can experience low fees, low commissions, and tight spreads.
- Three leading forex trading platforms
- Low forex fees
- No deposit or withdrawal fees
- Excellent customer support
- Non-EU clients do not receive investor protection
- Minimum deposit requirements of $200
IC Markets is an award-winning trading platform, particularly for forex traders. Credit and debit cards can be used for deposit by all customers when opening a trading account.
In the last year, this site has had a high trading volume of US $646 billion. Traders appreciate that spreads can be reduced down to 0.0, which makes it ideal to trade frequently.
Through interactions with the customer support and the resources, traders can improve their chances of successful trades.
IC Markets – Who Are They?
IC Markets is based in Australia, though it operates as a global forex broker. It was founded in 2007, owned and operated by International Capital Markets PTY. It is regulated in Australia (ASIC) and Cyprus (CySec).
IC Markets has more than 1750 tradable instruments. Multiple assets make it ideal for high-volume traders who are seeking the best possible prices. In addition, traders will also find 61 Forex Market products, 22 commodities, 25 indices, 11 bonds, and 13 digital currencies in the global markets. By forex volume, IC Markets is one of the largest trading platforms that traders can experience. In the month of January 2022, this platform had more than 200,000 clients from around the world.
Compare IC Markets Features With Other Brokers
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Commissions for Account Type
| Type | Account cTrader | Account Raw Spread | Account Standard |
|---|---|---|---|
| Trading platform | cTrader | MetaTrader | MetaTrader |
| Commission (per lot) | $3.0 ($6.0 per lot roundturn) | $3.5 ($7.0 per lot roundturn) | $0 |
| Spreads from (pips) | 0.0 | 0.0 | 0.6 |
| Starting deposit | $200 | $200 | $200 |
| Leverage | 1:500 | 1:500 | 1:500 |
Our Opinion About IC Markets
As our experts deep dive into the IC Markets site, we have explored the available platforms. These include MetaTrader4, MetaTrader5 and cTrader trading platforms.
Key features that make IC Markets stand out from similar offerings are low commissions and tight spreads. There are no deposit or withdrawal fees charged. There is a minimum deposit requirement which is $200.
There are three different types of trading accounts that traders can choose from. These include the Standard Account, Raw Spread Account, and CTrader Raw Account. In addition, if you are Islamic and wish to follow Sharia law, there is also the Islamic Account to choose from.
IC Markets is an exceptional site, recently receiving the Compare Forex Brokers 2020 award for Lowest Spread Forex Broker.
FAQs
Absolutely. IC Markets has made a name for itself in the financial industry by offering its users some of the best trading services globally. The broker is also highly regulated by top-tier authorities, including the FCA and ASIC. Plus, its platform is highly encrypted and offers a dedicated and reliable support service to help you cater to your trading needs or challenges.
Yes. IC Markets is still a good forex and CFD broker with competitive trading conditions, a wide range of trading instruments, and excellent customer support. In addition, the broker has received many positive reviews from its clients and has won multiple industry awards.
IC Markets strives to ensure that all payouts are made within the shortest time possible. Making withdrawals via credit/debit cards and e-wallets takes up to 24 hours to be completed. However, bank transfers may take 3-5 business days, depending on the bank you partner with. The good news is that there are no transaction charges when making withdrawals at IC Markets.
Yes. IC Markets is a global forex and CFD broker with hundreds of thousands of registered clients across diverse regions globally. However, there are some countries where IC Markets is not authorised to offer its services due to regulatory restrictions.
No. IC Markets is a legal forex and CFD broker that is regulated by World-renowned authorities, including ASIC and FCA. It operates in compliance with regulatory requirements and has a good reputation among its clients.
IC Markets Review Details
Be careful! If a broker has been penalized by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
I am not aware of any penalties or fines imposed by regulators on IC Markets in the past five years. It is a good broker.
IC Markets is good broker. I opened demo account and am learning to trade currency pairs on Metatrader4. Get some profit already. If you ask me about downsides, they are not very big, but they do exist. It offers the only one trading account and offers MetaTrader 4, MetaTrader 5, cTrader only. I would like to see more platforms and account types here to apply various strategies.
IC Markets is the best broker I've been with so far. Fast and easy withdrawals and deposits on accounts. best place for traders
The best broker in the forex market!
Great live chat support 24/7
Very low commission and spread
Easy withdrawal of funds
Customer support was knowledgeable
Easy to navigate and great features on the website
IC Markets is fantastic! Every time I go on Chat help, they are quick to jump on and sort my stuff straight away, very polite and fast. Highly recommended!
I absolutely love IC Markets. The most professional broker I've ever used. Everything is legit, the support service is responsive, and their withdrawal and deposit procedure are easy and secure. I have zero complaints! Used them for four years now and will continue to.
IC markets are the best broker I ever see. Thank you for the good and fast support service and professional and friendly team. I have never had any problems with deposits or withdrawals.
Great broker, good service: fast and accurate assistance. My questions were answered in just a couple of minutes. All information is clear. In my opinion, the best.
IC Markets is an online forex and CFD broker based in Sydney, Australia. The company offers traders access to a wide range of financial markets, including foreign exchange (FX), indices, commodities and cryptocurrencies. IC Markets is probably the best Forex broker.
Happy to be working with IC markets. Customer service responds quickly to every question and complaint, they work 24/7. Low spread, good for scalping.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal