IC Markets Review

Review

IC Markets is an Australian CFD broker. The company has been operational since 2007, and is one of the premier choices for high-frequency traders, as well as those who prefer automated trading solutions. The IC Markets Raw Spread Connectivity bridge offers retail traders access to an institutional pricing and liquidity environment. Over 500,000 trades are executed daily, with 60% of those from automated trading solutions. With an average execution time of 40 milliseconds, maximum leverage of 1:500 for all clients, and spreads as low as 0.0 pips, IC Markets has carved out a prominent place in today’s ultra-competitive brokerage industry.

IC Markets Review

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Regulation and Security

The Australian Securities and Investment Commission (ASIC) and the Seychelles Financial Services Authority (FSA) provide an excellent regulatory framework for IC Markets clients. IC Markets also operates a subsidiary under the authorization of Cyprus Securities and Exchange Commission (CySEC), but trading conditions are significantly less favorable, as is common with European regulatory requirements. Professional Indemnity Insurance is maintained with Lloyd’s of London and H Savy Insurance in Seychelles. Client deposits are segregated and held at National Australia Bank and Westpac Banking Corporation. IC Markets is a member of the Australian Financial Complaints Authority (AFCA), contracts two independent auditors, and deploys policies according to the Australian Anti-Money Laundering and Counter-Terrorism Financial Act 2006.

IC Markets' Regulatory Framework

IC Markets Review regulatory framework

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Fees

IC Markets traders have access to a fair pricing environment. The EUR/USD averages just 0.1 pips for a commission of $7 per round lot in the Raw Spread Account. A commission-free account is available, where the lowest spread is listed at 1.0 pips, and the EUR/USD averages 1.1 pips. Short-sellers are levied a stock borrow fee only if the hedge counter-party charges IC Markets. Swap charges on leveraged overnight positions apply while corporate actions impact equity positions. Bank wires fees or additional payment processor charges from third-party vendors may exist. Overall, the broker's pricing structure remains sufficiently competitive.

The Raw Spread Account provides exceptional spreads, while the Standard Account carries fair ones.

IC Markets Review Raw Spread Account

 

Commission charges will depend on the base currency of the account.

IC Markets Review Commissions

cTrader fees apply per transaction, unlike the fixed approach in MT4.

IC Markets Review cTrader Fees

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What Can I Trade

IC Markets focuses on the most liquid assets across seven asset classes, in line with its appeal to scalpers and automated trading solutions. The result is outstanding, and suitable for the majority of traders. Given the overall exceptional trading environment, any future enhancements will simply add to this broker's value. Enhancing the appeal of this broker is the deep liquidity, making it a top choice for asset management firms and high-frequency traders.

Pure Forex traders will find the 60 currency pairs with a maximum leverage of 1:500 an outstanding offer.

IC Markets Review Forex CFD list

The 17 indices is an ample introduction to this asset class, though it could be widened.

IC Markets Review Indices CFD list

With 19 commodities, adequate coverage and trading opportunities are available.

IC Markets Review Commodities CFD list

Over 120 equity CFDs cover the most traded companies across multiple exchanges.

IC Markets Review Stocks CFD list

More than six bonds make another asset class available to clients.

IC Markets Review Bonds CFD list

IC Markets provides ten cryptocurrency pairs, but trading is only available 24/5.

IC Markets Review Crypto CFD list

Completing the asset selection are four futures CFDs.

IC Markets Review Futures CFD list

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Account Types

During our IC Markets review we found that three different accounts are available. The commission-free Standard Account carries the highest spreads. The Raw Spread Account is available on the MT4 and proprietary cTrader platforms. Traders have access to spreads as low as 0.0 pips, but realistic ones are 0.1 pips and higher. While the MT4 carries a fixed commission of $7.00 per lot, cTrader has a flexible one with a minimum of $6 per lot. The minimum deposit, regardless of account type, is $200. Islamic accounts are available.

The Raw Spread Account for the MT4 trading platform offers the most superior trading environment.

IC Markets Review Raw Spread Account types

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Trading Platforms

IC Markets offers the full suite of MT4/MT5 and cTrader platforms; they include desktop versions, web traders, and mobile applications. The MT4 platform is supported through 20 plug-ins available exclusively for live account holders as part of the Advanced Trading Tools suite. cTrader, the market leader for the ECN execution model, offers another excellent choice. cAlgo allows for the addition of automated trading solutions using the C# language, while MT4 applications are coded in MQ4. All platforms fully support algorithmic trading, but the MT5 is by far the least suited option. Islamic accounts are equally supported.

Traders have the best trading environment in the MT4 trading platform, upgraded with the IC Markets Advanced Trading Tools suite.

IC Markets Review MT4 platform

The MT5 trading platform is available; however, the MT5 represents the least favorable trading environment.

IC Markets Review MT5 platform

cTrader offers traders a genuine and viable alternative to MT4.

IC Markets Review cTrader Platform

cAlgo allows for the development of automated trading solutions.

IC Markets Review cAlgo

 

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Unique Features

MAM/PAMM solutions support portfolio managers since 2012, and VPS servers are available with three providers. Myfxbook Autotrade and market-leader ZuluTrade cater to the needs of social traders. The Advanced Trading Tools suite upgrades the sub-standard basic version of the MT4 and turns it into a competitive trading platform.

IC Market's excellent trading conditions offer portfolio managers a competitive advantage.

IC Markets Review MAM PAMM features

VPS servers may be obtained free of charge if the trader's monthly trading volume exceeds 15 lots.

IC Markets Review VPS servers

Myfxbook Autotrade allows traders to follow strategies.

IC Markets Review Myfxbook Autotrade

ZuluTrade further enhances social trading opportunities.

IC Markets Review zulutrade

The Advanced Trading Tools suite features 20 exclusive trading tools for the MT4 trading platform.

IC Markets Review advanced trading tools suite

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Research and Education

Enhancing the core trading environment are auxiliary services provided on the IC Markets blog. Research is divided into fundamental and technical analyses. New traders have access to a broad educational suite, where a combination of written content and video tutorials mirror the overall quality of services provided by this broker.

The IC Markets blog features quality content and research.

IC Markets Review market blog

A well-presented educational suite is also maintained.

IC Markets Review education overview

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Customer Support

Traders have access to multilingual support 24/7. Live chat provides the most convenient form of communication. Additional options include e-mail and toll-free numbers. The Help Center attempts to answer the most common questions.

 IC Markets Review customer support

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Bonuses and Promotions

At the time of this IC Markets review, the brokerage did not offer deposit bonuses or host promotions.

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Opening an Account

A four-step online application form processes new account applications. Alternatively, this task can be completed through PayPal. Verification of new accounts, as required by regulators, is accomplished by sending a copy of the trader's ID, together with one proof of residency document.

IC Markets Review account opening process

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Deposits and Withdrawals

IC Markets supports a wide range of deposit and withdrawal methods. Besides bank wires, credit/debit cards, and popular online payment processors like Skrill and PayPal, traders have access to a number of regional choices. The inclusion of Bitcoin is another statement to this broker's innovative spirit. Third-party fees are dependent on the preferred payment option.

Over 15 options, including Bitcoin, offer traders numerous choices to fund their account.

IC Markets Review account funding

Withdrawal requests must match the name on the trading account and payment processor, satisfying AML stipulations.

IC Markets Review account withdrawals

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General Information

Company Information

  • Headquarter : Australia
  • Regulation : CySEC, FSA, ASIC

Account Information

  • Type of Broker : 35,139
  • U.S. Clients Allowed :
  • Minimum Deposit : $200
  • Maximum Leverage : 1:500
  • Commissions / Spreads : Both
  • Account 1 : Standard
  • Account 2 : Raw Spread
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, cTrader, Web-based
    • Platform Languages :
      • English
    • OS Compatibility :
      • Mac
      • Windows
      • Linux
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Spanish
      • Italian
      • French
      • German
      • Chinese
      • Russian
      • Portuguese
      • Malay
      • Thai
      • Other
  • Support Hours : 24/7
  • E-mail Support :
  • SMS Support :
  • Chat :

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FAQ

Is IC Markets Reliable?

This broker is one of the most reliable Forex brokers in operation. It remains fully compliant with its regulators, processes trades without a dealing desk, and provides a competitive trading environment.

How long does a withdrawal take?

Withdrawals are processed instantly but may take several days to arrive in the trader account; that is dependent on the selected payment option and the location of the trader. In the majority of cases, it will take only a few hours to be credited.

What is the minimum deposit?

All account types have a minimum deposit of $200 or an account currency equivalent.

Is IC Markets regulated?

The Australian Securities and Investment Commission (ASIC) and the Seychelles Financial Services Authority (FSA) are the primary regulators. IC Markets also operates a subsidiary under the authorization of the Cyprus Securities and Exchange Commission (CySEC).

Does IC Markets have NASDAQ listed equities?

Yes. This broker's offering of more than 120 of the world's most liquid equities available for trade include several listed on the NASDAQ exchange.

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Summary

IC Markets is a great choice for all types of traders, from retail traders through high-frequency operations to asset management firms. It established itself as the top choice for automated trading solutions, which accounts for over 60% of all processed orders. A competitive pricing environment combined with a sound asset selection allows for proper cross-asset diversification, all from an enhanced MT4 trading platform. In-house research is published on the broker’s blog, an outstanding educational section is maintained, and popular social trading options are additionally available. Simply put, IC Markets ticks all the boxes and deserves a prime portfolio from dedicated traders.

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User Reviews

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