IC MARKETS REVIEW: Best Broker Review 2023

What is the IC Markets?

IC Markets is a renowned online forex and CFD (Contract for Difference) broker that provides a comprehensive trading platform for individuals and institutional clients. Founded in 2007 and headquartered in Australia, IC Markets has established itself as one of the leading brokers in the industry, catering to traders from around the world. Open an Account right now – Click Here

One of the key strengths of IC Markets is its extensive range of financial instruments available for trading. Traders can access various currency pairs, commodities, indices, and cryptocurrencies, allowing them to diversify their investment portfolios and take advantage of various market opportunities. The broker offers competitive spreads, low latency execution, and deep liquidity, ensuring traders can execute their trades quickly and efficiently.

IC Markets operates as a true ECN (Electronic Communication Network) broker, providing direct market access by connecting traders to a network of liquidity providers, including banks, financial institutions, and other traders. This model enables IC Markets to offer tight spreads and avoid conflicts of interest with their clients.

The trading platforms provided by IC Markets (ICM) are among the most popular and widely used in the industry. The broker supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their advanced charting tools, customizable interface, and automated trading capabilities. Traders can access their accounts from desktop, web, and mobile devices, ensuring flexibility and convenience in their trading activities.

In terms of regulation, IC Markets is authorized and regulated by the Australian Securities and Investments Commission (ASIC). This regulatory oversight ensures the broker complies with stringent financial standards, providing traders with a secure and transparent trading environment. Client funds are held in segregated accounts with top-tier banks, further enhancing the safety of traders’ investments.

IC Markets also offers various educational resources and tools to assist traders in improving their knowledge and skills. These include trading guides, video tutorials, market analysis, and a demo account for practice trading. Additionally, the broker provides 24/7 customer support, allowing traders to receive assistance whenever needed.

Overall, IC Markets is a well-established and reputable broker offering its clients a comprehensive trading experience. With its wide range of financial instruments, competitive trading conditions, robust platforms, and strong regulatory oversight, IC Markets remains a popular choice for traders seeking a reliable and feature-rich brokerage service. Open an ECN Account right now – Click Here

IC Markets Latest Reviews of Users for 2023

IC MARKETS REVIEW

Michal
Michal
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I recently received excellent support through the chat from one of the assistants. They assisted me in linking my IC Markets account with the MT5 Android application. I was given step-by-step instructions on selecting an appropriate server name and how to proceed with the setup. I am grateful for the exceptional support provided. Thank you very much!
Mr Davey
Mr Davey
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I have consistently returned to ICM as my preferred choice. My earliest email from them dates back to 2016. Over the past month, I have experimented with several MT4 platforms for my new bot, but I have found that ICM's Raw account yields the most profitable results. I am sharing my review as I recently engaged with their customer service through live chat. Initially, I interacted with the ChatBot, but it quickly offered me the option of speaking with a live assistant, to which I agreed. Within approximately two minutes, I was connected with a representative who stayed with me until my issue with the Investors Password was resolved. Although there was a standard 60-second wait between chats, it provided ample Time to examine the specific section of the MT4 that I needed.
Sibusiso Malindisa
Sibusiso Malindisa
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IC Markets is a prime brokerage overall. I recently joined their platform and received top-notch customer service from Jalna. I am excited about the prospects of achieving significant profits with them.
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Overall Reatting
4.8/5

Is IC Markets safe?

Yes, IC Markets is undoubtedly one of the best Forex trading platforms for Bangladeshi people.

As of my knowledge cutoff in September 2022, IC Markets is generally considered a reputable and reliable broker. It is regulated by the Australian Securities and Investments Commission (ASIC), which imposes certain rules and requirements on financial service providers to protect investors. ASIC regulation generally provides a level of oversight and accountability, enhancing the safety of the brokerage firm. Open an ECN Account right now – Click Here

IC Markets also claims to segregate client funds, which means that client funds are held in separate accounts from the company’s operational funds. This segregation protects clients’ funds during the broker’s insolvency.

However, it’s important to note that even with regulation and segregation of funds, there are risks associated with trading forex and CFDs. These products are complex and come with a high level of risk, including the potential for losing your invested capital. Understanding the risks involved is crucial, as educating yourself about the products and markets and only trading with funds you can afford to lose.

To assess the current safety and reputation of IC Markets, I recommend conducting independent research, checking for any recent developments or regulatory changes, and reading reviews from other traders. Additionally, consider consulting with a financial advisor or professional before making investment decisions.

Advantages of IC Markets:

  • IC Markets maintains its regulatory status in both a tier-1 jurisdiction and a tier-2 jurisdiction, ensuring that it operates as a secure broker for trading forex and CFDs. This regulatory compliance positions IC Markets as a broker with a moderate level of risk, providing traders with a reliable and trustworthy trading environment.  Open an ECN Account right now – Click Here
  • Opening an IC Markets trading account from Bangladesh is straightforward and efficient, allowing traders to access the global financial markets quickly. IC Markets has designed its account opening procedure to be user-friendly and convenient, ensuring that traders from Bangladesh can begin their trading journey without unnecessary delays or complications.
  • IC Markets offers a wide range of leverage options, ranging from 1:1 to 1:500, for traders in Bangladesh and worldwide. Leverage allows traders to amplify their trading positions, potentially increasing their profit potential. However, it’s important to note that leverage also carries a higher level of risk, as losses can be magnified.
  • Traders from Bangladesh interested in running algorithmic strategies will find IC Markets an excellent match. The broker’s execution capabilities are cost-effective and scalable, making it an ideal choice for implementing automated trading systems and algorithms. With its competitive pricing and scalability, IC Markets provides a well-suited platform for traders in Bangladesh to execute their algorithmic strategies successfully. Open an ECN Account right now – Click Here
  • IC Markets provide Research and educational content and regular update with the addition of new video series and blog articles.
  • IC Markets provides mobile trading platforms compatible with iOS and Android devices. Traders can download the dedicated mobile trading apps from the respective app stores or access the web-based mobile platform through their device’s browser.

Disadvantage of IC Markets

  • Slow live chat support: One potential disadvantage of IC Markets is that its live chat support may sometimes need to be faster. This can frustrate clients who require immediate assistance or have urgent inquiries. Delayed response times can hinder efficient communication and problem resolution. 
  • No investor protection for Bangladesh clients: IC Markets may not provide investor protection for clients from Bangladesh. Investor protection typically refers to measures taken by regulatory bodies or compensation schemes to safeguard clients’ investments in case of broker insolvency or fraud. Without such protection, clients may face increased risks and potential loss of funds. Open an ECN Account right now – Click Here

IC Markets Top highlights:

🗺️ Country of regulation: Cyprus, Australia, Seychelles

💰 Trading fees: Low

💰 Withdrawal fee amount: $0

⚖️ Leverage: From 1:1 to 1:500

💰 Inactivity fee charged: No

💰 Minimum deposit: $200 or currency equivalent.

🕖 Time to open an account: 1 day

🎮 Instruments: 61+ currency pairs

💳 Deposit with a bank card: Available

👛 Islamic Account: Available

💱 Number of base currencies: 10

🎮 Demo account provided: Yes

🛍️ Products offered: Forex, CFD, Crypto

IC Markets summary

IC Markets Overall Rating

Customers’ reviews of Trustpilot say 4.8 out of 5. So, we can understand how much this forex trading platform is trusted by its customers. Open an ECN Account right now – Click Here

Fees

IC Markets has low forex trading and non-trading fees. There is no inactivity or withdrawal fee. On the negative side of IC Markets, financing rates for CFDs are high.

Pros

  • Low Forex trading fees
  • Low non-trading fees
  • No inactive or withdrawal fees

Cons

  • The high financial rate for CFDs

IC markets payment methods

IC Markets offers its customers several ways of depositing funds into their Forex trading account. Common deposit methods include Bangladeshi bank/wire transfer, Payoneer, Paypal, Bangladeshi credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay, and Poli.

Pros

  • Allow payment from Bangladesh

Cons

  • You can’t make payment with BD TK

IC markets leverage

IC Markets Global offers flexible leverage options ranging from 1:1 to 1:500. You can change the leverage on your trading account via your Client Area.

IC markets Deposit and withdrawal fees

The minimum deposit amount for IC Markets is $200 from Bangladesh. There is no minimum withdrawal amount for forex trading. However, the company encourages clients to be mindful of bank fees when withdrawing.

IC Markets account opening process:

The IC Markets account opening process is easy and fully digital.  The online application takes roughly 10-15 minutes and our account was approved within one business day. 

The first step to open an IC Markets account is to head to their official website. Once you head there, you will see two buttons. If you want to open a new account, click the top button. The one that says ‘Start Trading’.

Can you open an account in Bangladesh?

Yes, you can open a forex trading account at IC Markets if you live in Bangladesh!

Easy five steps of the IC Markets forex trading account opening:
  1. Provide contact information, such as your name, phone, and email address.
  2. Enter your personal information, i.e. account type, date of birth, and address.
  3. Choose the trading platform, account type, and base currency.
  4. Complete a short survey about your trading experience.
  5. Verify your identity and residency by uploading a copy of your passport or NID, and a bank statement or utility bill.

IC Markets Account opening process

IC Markets Account opening process

 

Account types

There are three account types at IC Markets, which differ in their fee structure and the available trading platform:

IC Markets account types

IC Markets account types

 

IC markets mt5 Demo Account Review

What is the IC markets demo account?

Please note that trading CFDs with this provider involves a risk to your capital, as 75.93% of retail investor accounts tend to lose money. However, IC Markets offers a demo account with several advantages. The demo account does not charge any fees, provides market-based spreads, and enables you to utilize all three trading platforms without the need to risk your funds.

How to Open IC Markets mt5 Demo Account?

If you are interested in opening a demo account with IC Markets, you have two options: the standard version and the true ECN account. Additionally, IC Markets provides indices and a standard account.

Here’s a step-by-step guide on how to open an IC Markets demo account:

Step 1: Select “Try Demo Account”

Visit the IC Markets website and click on the “Try A Free Demo” button, as shown on the page.

Step 2: Complete the information

After clicking on “Try A Free Demo,” you will be directed to the information page. Fill in all the required details on the form. Once you’ve provided the necessary information, click on the “Register” button to submit your information for verification.

Step 3: Verification

Your submitted information and documents will be reviewed and verified. Once the verification process is complete, you will receive confirmation as an IC Markets Demo Account holder. Finally, you can log in to your IC Markets practice account and start trading.

This is how you can proceed with opening an IC Markets demo account.

 

Overview and General Information

As a globally recognized forex broker, IC Markets has established itself as a trusted platform for traders worldwide. The company was founded in [PROMPT1] and has since gained a reputation for its commitment to transparency, integrity, and competitive trading conditions. With a user-friendly interface and advanced trading tools, IC Markets caters to both retail and institutional traders. Open an ECN Account right now – Click Here

Contact Details

When it comes to communication, IC Markets ensures that their clients can easily reach out for assistance. The broker provides multiple channels for contacting their support team, including:

Other Means of Communication

Apart from traditional contact methods, IC Markets embraces modern communication platforms. Traders can stay connected and receive updates through their social media channels, including Facebook, Twitter, and LinkedIn. Additionally, the broker offers a comprehensive FAQ section on their website, addressing common queries and providing valuable information. Open an ECN Account right now – Click Here

Licenses and Regulations

IC Markets is regulated by regulatory bodies, ensuring a secure and transparent trading environment for its clients. The broker adheres to strict regulatory standards and maintains segregated client funds, providing an extra layer of protection.

Broker Type: What sets IC Markets apart?

IC Markets stands out as an ECN (Electronic Communication Network) broker, offering direct access to liquidity providers. This allows traders to benefit from tight spreads, fast execution, and competitive pricing. Moreover, IC Markets utilizes cutting-edge technology, including the MetaTrader 4 and MetaTrader 5 platforms, providing a seamless trading experience.

Spreads and Commissions for Trading with IC Markets

IC Markets offers competitive spreads across a wide range of financial instruments, including major currency pairs, commodities, indices, and cryptocurrencies. The broker implements a transparent pricing model, with variable spreads starting from pips, depending on the account type and market conditions. In terms of commissions, IC Markets charges a low commission per lot traded, making it attractive for frequent traders. Open an ECN Account right now – Click Here

Pros and Cons of IC Markets

Pros:

  • Wide range of trading instruments
  • Competitive spreads and low commissions
  • Fast execution and minimal slippage
  • Multiple account types to suit different trading styles
  • Advanced trading platforms and tools
  • Excellent customer support and educational resources

Cons:

  • Limited deposit and withdrawal options
  • Inactivity fee for dormant accounts

IC Markets Risk Disclaimer

Before engaging in forex trading, it is crucial to understand the associated risks. IC Markets provides a comprehensive risk disclaimer on their website, highlighting the volatility and potential losses involved in trading financial markets. Traders are encouraged to educate themselves and seek professional advice if needed.

Competitive Analysis: IC Markets vs. Other Brokers

To give you a better perspective, let’s compare IC Markets with some of its competitors. IC Markets outshines many other brokers in terms of tight spreads, low commissions, and advanced trading tools. Its dedication to transparency and regulatory compliance further strengthens its position as a reliable forex broker.

Overall Summary and Evaluation

In conclusion, IC Markets emerges as a top-tier forex broker, providing a secure and feature-rich trading environment. With its competitive trading conditions, advanced technology, and commitment to customer satisfaction, IC Markets stands as an excellent choice for traders seeking reliable and efficient brokerage services.

Is IC Markets Safe?

Safety is a paramount concern when choosing a forex broker. It is essential to ensure that your funds and personal information are well-protected. In the case of IC Markets, rest assured that the broker prioritizes the security of its clients. The company employs robust security measures, including encryption technology, to safeguard sensitive data. Furthermore, as a regulated broker, IC Markets adheres to strict compliance standards, ensuring fair practices and transparency. Open an ECN Account right now – Click Here

Identifying Scam and Fraudulent Brokerages

While IC Markets is a reputable and trustworthy broker, it is crucial to be cautious and aware of potential scams in the forex industry. Here are some tips to identify scam and fraudulent brokerages:

  1. Regulatory Compliance: Always verify if the broker is regulated by reputable financial authorities. Check for licensing and registration details on the broker’s website.

  2. Transparency: Legitimate brokers are transparent about their offerings, trading conditions, and fees. Be wary of brokers that withhold essential information or provide unrealistic promises.

  3. Client Feedback: Research and read reviews from multiple sources to gauge the reputation and experiences of other traders with the broker in question.

  4. Secure Payment Methods: Scammers often use unregulated payment methods or obscure financial institutions. Ensure that the broker supports reputable and secure payment options.

  5. Unrealistic Promises: Be cautious of brokers that promise guaranteed profits or high returns with little risk. Forex trading involves inherent risks, and no legitimate broker can guarantee consistent profits.

By following these guidelines, you can protect yourself from potential scams and make informed decisions when selecting a forex broker.

In conclusion, IC Markets excels as a reliable and competitive forex broker. With its robust regulatory framework, advanced trading technology, and client-oriented services, IC Markets stands out as a top choice for traders worldwide. Remember to exercise due diligence and stay informed to make the most of your trading journey. Open an ECN Account right now – Click Here

Best Forex Brokers By Countries - 2023

Top 10 Forex Brokers List
5/5

Name

Details

Rating

Max. Leverage: 1:100 | 1:2000 | Unlimited
Trading Platforms: MT4, MT5, Web Trader

Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation:  CySEC #183/12,  FSC Mauritius #C110008214 ,  SVGFSA #22747 IBC 2015,  FSA S #SD015,  FSCA #46632,  DFSA #F004885,  FCA #801701
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Min. Deposit: 10US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: ASIC #426359, FSC #IFSC/60/230/TS/18, CySEC #331/17, FSCA #50885
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT
 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Most Visited Forex Brokers
5/5

Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.

Some Reliable & Popular Online Trading Deposit Payment Methods
5/5

Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.

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Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience.
Disclaimer : Forexbd.ltd is not encouraging anyone to do forex/stock trading, as there are investments and financial risks involved. ForexBD channel or videos are educational and informative. Before deciding to invest in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.

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