IC Markets

Our Review Method

• Forex BD leading financial experts with over 10 years experience in Forex Trading check trading offering in detail including fees, platforms, verified licenses, contacted customer service and placed traders to see trading conditions and give expert opinion about IC Markets.

What is IC Markets?

IC Markets is a leading forex trading broker that offers traders access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The broker was founded in 2007 and is headquartered in Sydney, Australia, with additional offices in several other countries.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), which is a respected regulatory body in the financial industry. This regulatory oversight ensures that the broker adheres to strict rules and regulations, and provides traders with a level of protection against fraud, manipulation, and other unethical practices.

• One of the key advantages of IC Markets is its low spreads and fast execution speeds. The broker offers three types of trading accounts: Standard, Raw Spread, and cTrader. Each account type has its own pricing model and features to cater to different trading styles and needs.
• The Standard account has no commissions and features variable spreads, while the Raw Spread account offers raw spreads with a small commission per lot. The cTrader account is designed for ECN trading and offers tight spreads and fast execution speeds with a commission per lot. All three account types provide traders with access to the MetaTrader 4 and 5 platforms, which are widely used in the forex industry.
• IC Markets also offers traders a range of advanced trading tools and features, including the MetaTrader Supreme Edition, which is a plugin that adds over 60 additional features to the MetaTrader platform. The broker also offers VPS hosting, which allows traders to run their trading strategies 24/7 without interruptions.

Overall, IC Markets is a well-regarded forex trading broker that provides traders with competitive pricing, fast execution speeds, and advanced trading tools. With its range of account types and educational resources, IC Markets is a suitable option for traders of different skill levels and trading preferences.

IC Markets Pros and Cons

IC Markets is a leading forex trading broker that offers traders a range of advantages and disadvantages, including:

Pros:

1. Tight Spreads: IC Markets offers some of the tightest spreads in the industry, which makes it an attractive option for traders looking to minimize trading costs.

2. Fast Execution Speeds: The broker has fast order execution speeds, which ensures that traders can enter and exit trades quickly and efficiently.

3. Advanced Trading Tools: IC Markets provides traders with a range of advanced trading tools and features, including the MetaTrader Supreme Edition plugin and VPS hosting.

4. Educational Resources: The broker offers a range of educational resources, including trading guides, webinars, and video tutorials, to help traders improve their trading skills.

5. Regulation: IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), which provides traders with a level of protection and ensures that the broker adheres to strict rules and regulations.

   Cons:

   1. Limited Funding Options: IC Markets offers limited funding options, which may be a disadvantage for traders who prefer to fund their accounts using alternative payment methods.

   2. No Fixed Spread Accounts: IC Markets does not offer fixed spread accounts, which may be a disadvantage for traders who prefer the stability of fixed spreads over variable spreads.

   3. Inactivity Fee: The broker charges an inactivity fee of $15 per month if a trading account is inactive for a period of 12 months or more, which may be a disadvantage for traders who do not trade frequently.

   4. No Negative Balance Protection: IC Markets does not offer negative balance protection, which means that traders may lose more than their account balance in the event of a market gap or slippage.

   5. Limited Trading Instruments: Although IC Markets offers a range of financial instruments, the broker’s selection is somewhat limited compared to other brokers.

IC Markets Review Summary in 10 Points

Headquarters	Sydney, Australia
Regulation	CySEC, FCA, DFSA, FSCA, FSA
Platforms	MT4, MT5, cTrader, Web Trader
Instruments	170+ trading tools with Forex, Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and Cryptocurrencies
Demo Account	Available
Minimum deposit	5 US$
EUR/USD Spread	0.0 pips
Base currencies	Several currencies available
Education	Trading Academy, Webinars Seminars, Numerous Tools
Customer Support	24/5

Overall ICM Ranking

Based on our Expert finds, ICM provides good trading conditions that might be some of the best for Forex trading and CFDs trading, also available in a global scale for international trading. ICM is suitable for various traders including European clients, Africa and Asia traders, also beginning traders and experienced looking for good technical trading solutions.

• ICM Overall Ranking is 9.4 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

 

Ranking	IC Markets	ForexPixel	Tickmill
Our Ranking
Advantages	Education	Spreads	Platforms

Why ICM??

• There are several reasons why traders may choose IC Markets as their preferred forex broker:

  1. Tight Spreads: IC Markets offers some of the tightest spreads in the industry, particularly on its Raw Spread and cTrader accounts, which can help traders reduce trading costs.

  2. True ECN Trading: IC Markets offers true ECN trading on the cTrader platform, which allows traders to access deep liquidity from multiple providers and enjoy fast order execution without any dealing desk intervention.

  3. Advanced Trading Tools: IC Markets provides traders with a range of advanced trading tools, including custom indicators, automated trading strategies, and order management tools, which can help improve trading performance.

  4. Multiple Trading Platforms: IC Markets offers multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and its proprietary WebTrader platform, giving traders a range of options to choose from.

  5. 24/7 Customer Support: IC Markets provides 24/7 customer support in multiple languages, including English, Chinese, and Spanish, which can help traders get the help they need when they need it.

  6. Regulated Broker: IC Markets is a well-regulated forex broker that is authorized and licensed by the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) in Seychelles.

  7. Low Latency Trading: IC Markets’ trading servers are located in the Equinix data centers in New York, London, and Tokyo, which allows traders to benefit from low latency trading and fast order execution.
     
     Overall, IC Markets is a reputable forex broker that provides traders with access to advanced trading technology, low trading costs, and a range of educational resources and tools. However, as with any form of trading, it is important to remember that forex trading carries a high level of risk, and traders should only trade with funds they can afford to lose.

Leverage

While trading with IC Markets we fount availability of fixed or floating leverage, which is indeed a very useful tool, especially for traders of smaller size. Leverage brings an opportunity to increase your potential gains through its possibility to multiply balance in a particular number of times. Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly.

• Icmarkest.com offers various leverage levels from the “modest” one as determined by European regulations allowing 1:30 for Forex instruments, and up to very high ratios of 1:500 available via international branch. Yet, again always make sure to learn about high risks of leverage, as retail trading accounts lose money rapidly due to high leverage.

Therefore, your leverage levels are firstly settled according to the regulatory requirement in the region or another also your prof level in finance, so make sure to verify with the customer support team which one you entitled to.

Account types

IC Markets provides an variety of account options with 5 different accounts based on specific requirements. The range offers ECN, Zero spread, Standard, VIP Accounts also you can select the Islamic Account suitable for traders.

• From the very beginning, you may sign in for Demo Account and then transfer it to a Live one just by depositing money.
• Each of the account types brings good flexibility and allowing to choose based on your trading strategy, allowing either beginning traders, investors or professionals to find its own way in trading.
• Another good point we admit is the opportunity to trade Micro lots, use Cent or Nano account, or specify account for Copy Trading. You may see below in our HICM Review snapshot below details of each, also negative and positive points to consider:

How to open IC MARKETS Demo Account?

To open a Demo account is pretty easy since there is no verification is needed at this step, we were able to open demo account in minutes. While you should simply follow the process of risk-free account opening on ICM website and get access to either MT4 or MT5 platforms with unlimited demo funds. So here is the step by step process of Demo Account opening:

Opening Trading Account step by step:

1.       Go into ICM Demo Account Sign In page

2.       If you are a new client enter your personal data First and Last Name, Country of residence, email, phone, etc. Or in case you’re existing client follow sign in

3.       Fill in all required information for the first register of ICmarkets

4.       An account will be approved almost immediately, where through your client area you can get access to New Demo Account, next you can follow with Live Account submit to manage your funds

How to open IC Markets Live account?

Once you ready or decided to start Live Trading you can submit for a Live account where HFM may ask you for confirmation of your documents including identity, residency and other proof before you start. In both cases, you will get access to ICM client area where you can manage all your accounts and finances.

What Instruments I can trade in IC markets?

One of the HFM Pros also is offered market range that includes 25 trading tools and 200+ trading products with access to global markets. These include Indices, Metals, Energies, Shares, Commodities, Bonds, ETFs, DMA Stocks, and included for last years offering to trade Cryptocurrencies with Bitcoin, Ethereum, Litecoin, Ripple and more.

IC Markets Fees

HFM trading costs mainstays at the tight spread offering in general andl bringing some of the most attractive spread opportunities among the industry as we conclude based on our research, also proposing spreads from 0 pips on some accounts. However, is good to check on the additional, non trading fees and charges for deposits or withdrawals all in all concluding your trading costs, see fee table below:

• ICM Fees are ranked average, low with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Fees are different based on entity, yet traders can use free deposits and withdrawals mainly worldwide

Overview of the Non Trading Fees

Important to consider, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ IC Market inactivity fee per month.

Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our IC Markets review further.

Spreads

IC Markets fees are built in a transparent manner while the only charge is variable spread, which is a difference between bid and ask price, also HFM does not offer fixed spread (Find fixed spread brokers list here). ICM does not charge additional fees or commission, thus your calculation of the position is quite seamless and easy despite the level of trader you are, see our spread finds below:

Overnight Fee

As well always consider overnight or rollover fees as trading costs in case you holding an open position longer than a day. This fee is defined by each instrument separately and you will see it directly from the platform or upon the opening of the trade, see below example with Cryptocurrencies.

However and unless you trading through swap-free accounts designed to traders following Sharia rules, as these accounts restricted from any interest rates or swaps.

Deposits and Withdrawals

There are multiple ways to fund trading accounts supported by HFM. Besides broker issue its very own IC Market MasterCard Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto for a straight transaction and the ability to make safe online payments.

• ICM Funding Methods we ranked Excellent with overall rating 10 out of 10. Minimum deposit is among lowest in industry, also Fees are either 0 or very small, besides range of supported funding methods is good, but be sure to verify conditions with entity you trade

Here are some good and negative points on IC Markets funding methods found:

Deposit Methods

One of the great points in we found is that HFM offers over 14 methods to deposit or withdraw money, also along the time adding more methods based either on new offerings like Crypto Deposits or enlarging accessibility to local transfers or payment methods available at the regions. Those methods include:

• major credit and debit cards
• wire transfers and domestic transfers available at some regions
• vast of e-wallets, including Cryptocurrency Deposit, fasapay, WebMoney, and more.

How do I deposit money on IC Markets?

So in order to deposit money on IC Markets you simply need to select the payment provider of your preference, as well as the one that is available in your region, and proceed with the payment. ICM will process your withdrawal within a short time and is available 24/5.

What is the minimum deposit for ICmarkets?

ICmarkets minimum deposits start from 5$, yet, if you just make a first deposit check out preferences on a minimum requirement according to the account type as well, also determined by the payment method you would choose.

ICmarkets Withdrawal Review

IC Markets withdrawal options including cards, bank transfer by far most used option and various ewallets. And the last point withdrawal fee, which is actually 0$ is amazing news that allows you not to worry about extra fees. However, Wire Transfer may involve some correspondent fees according to your bank and international policies.

How do I withdraw money from ICM?

In order to proceed with the Withdrawal, you should access your IC Markets area and submit a Fund Withdrawal request.

ICmarkets.com Broker Review Withdrawal step by step

1.       Access your ICmarket page and account area

2.       Select ‘Fund Withdrawal’

3.       Chose the appropriate withdraw method and amount

4.       Confirm necessary data and processing time/ fees

5.       Submit

6.       Follow up and check on the process or confirmations through your page

How long does it take to withdraw money from IC markets?

Various payment methods will process withdraw money in slightly different time. ICmarket.com accounting team confirms transactions quite quickly as we had on our trade test, yet the matter might take longer due to payment providers. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant.

Web Trading Platform

MT4 and MT5 ICmarkets terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously, however desktop version still remains the most complete with all features and add-ons available there.

Mobile Trading Platform

Of course, there is a mobile trading platform as well a IC markets Mobile Application with an option to trade “on the go”. MT4 and MT5 mobile trading are actually known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great, and we enjoyed testing it too.

IC Markets Platform Look and Feel:

Does IC Markets allow scalping?

Yes, ICM allows scalping and places no restrictions on the strategies, however various entities and regulations may apply some conditions so you better always check terms and conditions.

Particularly about scalping, there is no restriction and ICM range of accounts alike with Zero spread may assist you even better to trade this strategy.

How do I manage my risk?

While placing an order you should manage your risks smartly while tools like Limit Order and Stop loss orders will assist you, since they are the most basic risk management toos. Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define. Also, IC Markets provides good calculators and trading journal to keep track on your performance and is highly advised by us for use too.

Customer Service

Another important point while choosing the broker and within our ICmarkets.com Review is customer service. Eventually, the broker provides support in 27 languages which is an impressive number that covers almost all world most used languages, and allowing traders from almost any country to join trading and get quality support.

• Customer Support in HFM is ranked Good with overall rating 9 out of 10 based on our testing. As we check the traders’ reviews and tried ICM Customer Service Live Chat for our tests too, the satisfaction statistics is good, and ICM provides a good level of customer support along with support materials, see our Ranking breakdown below:

ICmarkets Research and Education

Education is another strong point of HFM since the broker concentrates and puts efforts on Europe, Africa and Asia regions so its allows various traders to join in.

• We found very well-designed and explained Trading courses, Live Webinars, Video Tutorials, Daily Analysis and Market Outlooks along with News Feeds all provided in impressive number of languages, so with icmarkets you have all potential to become a better trader whether you’re a beginner or a professional one.

For Research Icmarket provides an excellent range of analytical and research tools. This includes Analytical Objects, Economic Calendar, Autochartist and Trader’s Board for comprehensive analysis, as well as additional Premium Trading Tools. In addition, there is a VPS Hosting available, while free VPS packages provided to those who deposit from 5,000$

• IC Markets Education ranked with overall rating 10 out of 10 based on our research. IC Markets Trading Academy, Webinarsm Video and Analytics are at very very good level, we might rank with our over 10 years of Trading experience as one of the best education Brokers among the industry

ICM Review Conclusion

Overall, IC markets is a well-established customer-oriented broker with secure, regulated trading environment suitable for almost every trader. The services and products are tailored to specific requirements and bring very good range of choices including accounts, platforms, tools, and instruments with the ability to choose a suitable strategy with almost no restrictions.

Based on Our findings and Financial Expert Opinion ICmarkets is Good for:

• Beginning Traders
• Trading Education
• Traders who prefer MT4 and MT5 platforms
• Currency Trading and CFD Trading
• Running various Strategies
• EAs trading
• PAMM Trading
• Excellent Research

So in our financial review though either you wish to join copy traders or to use EAs, perform scalping or become a partner etc. there is an option for all. As well, icmarkets pricing is one of the lowest rates in the industry.FSA

IC Markets is an online forex and CFD broker that was founded in 2007 and is based in Sydney, Australia. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority (FSA) in Seychelles.

One of the key features of IC Markets is its focus on providing traders with access to institutional-grade trading technology and liquidity. The broker offers a range of trading instruments, including forex, metals, energies, indices, and cryptocurrencies, and provides traders with a choice of three main trading accounts: Raw Spread, Standard, and cTrader.

The Raw Spread account is designed for traders who require the tightest spreads and lowest trading costs, with spreads starting from 0.0 pips and a commission charged per trade. The Standard account offers variable spreads, while the cTrader account provides traders with a true ECN trading environment, with spreads starting from -0.3 pips and a commission charged per trade.

IC Markets also offers traders access to a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, as well as its proprietary WebTrader platform. These platforms provide traders with advanced charting tools, technical indicators, and automated trading capabilities, including Expert Advisors (EAs).

In addition to its trading accounts and platforms, IC Markets provides traders with a range of educational resources and tools, including webinars, video tutorials, and trading guides, to help them improve their trading skills and knowledge. The broker also offers 24/7 customer support in multiple languages, including English, Chinese, and Spanish.

IC Markets provides traders with a range of deposit and withdrawal options, including bank transfers, credit cards, and online payment systems, such as Skrill, Neteller, and PayPal. The broker also offers negative balance protection, which ensures that traders cannot lose more than their account balance

IC Markets has several additional features that make it stand out as a forex broker:

1. 1. True ECN Trading: IC Markets offers true ECN trading on the cTrader platform, which means that traders can access deep liquidity from multiple providers and enjoy ultra-fast order execution with no dealing desk intervention.

1. 1. Low Latency Trading: IC Markets’ trading servers are located in the Equinix data centers in New York, London, and Tokyo, which allows traders to benefit from low latency trading and fast order execution.

1. 1. VPS Hosting: The broker offers free VPS hosting for traders who maintain a minimum balance of $5000, which can help improve trading performance by ensuring that EAs and other trading algorithms run smoothly.

1. 1. Advanced Trading Tools: IC Markets provides traders with a range of advanced trading tools, including the Smart Order 2 (SO2) tool, which allows traders to execute complex orders, and the IC Markets MetaTrader 4 Advanced Trading Tools, which include a range of custom indicators and automated trading strategies.

1. 1. Social Trading: IC Markets offers social trading through its partnership with Myfxbook, which allows traders to follow and copy the trades of successful traders.

1. 1. Partnership Programs: The broker offers a range of partnership programs, including Introducing Broker (IB) and Affiliate programs, which allow traders to earn commissions by referring new clients to IC Markets.

1. 1. Transparent Pricing: IC Markets provides transparent pricing with no hidden fees or markups. The broker’s pricing is based on raw spreads from liquidity providers, and a small commission is charged per trade.

Overall, IC Markets is a well-established and reputable forex broker that provides traders with access to advanced trading technology, low trading costs, and a range of educational resources and tools. However, as with any form of trading, it is important to remember that forex trading carries a high level of risk, and traders should only trade with funds they can afford to lose.