IC Markets Review – Truth About ICMarkets.Com Broker

Whether you are a beginner or an experienced trader, you need a trustworthy broker with state-of-the-art technology, a favorable trading environment, and valid licenses and regulations. All of this is found in the IC Markets broker that is globally regulated and consists of several entities worldwide. 

Aside from funds safety, this brokerage company offers plenty of educational resources and second-to-none customer service. Please continue reading this IC Markets review to see all reasons why this forex provider is one of the best choices for online financial trading.

We also advise reading the analyses of these registered brokers like Trade Republic, Benchmark Finance and FxPro.

IC Markets License and Regulation

Is IC Markets Legit? Sure, one hundred percent. It is part of the group holding several trading credentials worldwide, including the following entities.

• IC Markets International (registered in the Bahamas and authorized by SCB)
• IC Markets Global/Raw Trading Ltd (formed in Seychelles and licensed under FSA)
• IC Markets EU (based in Cyprus and certified by CySEC)
• IC Markets AU (headquartered in Australia and accredited by ASIC/ASFL).  

Speaking of licensing, you will appreciate indemnification programs run by CySEC and ASIC, protecting you from negative events. Coverage ranges from 20,000 EUR (CySEC) to 100,000 AUD (ASIC) per trader. 

Other than this, by strictly complying with legislation, IC Markets keeps your funds safe. It implements negative balance protection and segregated accounts with tier-one banks (Westpac and National Australia Bank).

Trading Instruments Available

When it comes to trading instruments, IC Markets provides access to a broad spectrum of products. The list includes over 2,250 tradable assets across the following financial markets.

• Forex: more than 61 currency pairs (EUR/USD, AUD/CAD, GBP/CHF);
• Commodities: metals, energies, and agricultural products (gold, crude oil, cocoa);
• Indices: 25 indices (Australia S&P ASX 200 Index, US Wall Street 30 Index, Japan 225 Index);
• Crypto: 21 of the most popular digital currencies (Bitcoin, Litecoin, Ethereum);
• Stocks: ASX, NYSE, NASDAQ, EURONEXT Amsterdam, Xetra Germany, London Stock Exchange, EURONEXT Paris, and Bolsa Madrid (Rio Tinto, Boeing, Etsy, TomTom, Adidas);
• Bonds: over 9 bonds (Euro Bund, BTP Italian Bonds, UK Long Gilt);
• Futures: 4 global futures (ICE Dollar Index Futures, CBOE VIX Index Futures, Brent Crude Oil Futures, WTI Crude Oil Futures).

This extraordinary offer is even better since you can trade on cutting-edge platforms safely (MetaTrader 4, MetaTrader 5, cTrader, and others) under profitable conditions.

Account Types Offered at IC Markets

Regarding account types, IC Markets stands out with its offer. The IC Markets login enables you to access several options. First, there is a demo account allowing you to test trading conditions and strategies for free and without risk. Also, it is crucial to point out that a demo account option includes all real account types, platforms, and products.

Besides that, this FX broker provides an Islamic account for Muslim traders. This option is swap-free (a fixed fee instead of a swap) and comes with over 90 trading instruments, 1:500 leverage, low spreads (starting from 0.0 pips), and MT4/MT5 platforms.

Lastly, the live trading account versions are as follows.

• Raw spread (cTrader): commission per lot 3.0 USD and spreads from 0.0 pips;
• Raw spread (MetaTrader): commission per lot 3.5 USD and spreads from 0.0 pips;
• Standard: commission per lot 0.0 USD and spreads from 0.6 pips.

Each account has a leverage of 1:500 and a minimum deposit of 200 USD. The main difference between accounts is how you are charged for trading, viz., commission-based (raw spread accounts) or spread-based (the standard account). Likewise, two raw spread accounts differentiate in the base platform, i.e., cTrader or MetaTrader.

Trading Platform Overview

If you examine IC Markets broker reviews on the internet, you will discover that users praise the availability of modern trading platforms at IC Markets. So, let’s have a look at this top-notch offer.

• cTrader: a multilingual program (15+ languages), available as a browser-based platform and mobile trading app (Android and iPhone), and includes advanced functions (copy trading and algorithmic trading).
• MetaTrader 4 (MT4): award-winning and most used software with lots of innovative features (e.g., automated trading) and accessible from different devices (desktops, smartphones, tablets).
• MetaTrader 5 (MT5): a next-gen and comprehensive trading platform, an enhanced version of its successor (MT4).

In addition, there are other useful programs such as ZuluTrade and Myfxbook AutoTrade. The former is a social trading platform comprising some handy tools (Zulu Rank, Zulu Guard, and Simulation). The latter is a service that enables mirroring—copying the trades of any system without installing any trading software.

Deposits and Withdrawals

Concerning the deposit and withdrawal method, IC Markets is transparent about it. This multi-asset broker accepts numerous means of payment for deposits, including credit and debit cards (VISA and Mastercard), bank transfers, and digital wallets (PayPal, Neteller, Skrill, UnionPay, Klarna, BPay, Rapidpay, Poli). 

Funding is safe, convenient, free of charge, available in ten major currencies, and takes from instant to five business days. In addition, the IC Markets minimum deposit is 200 USD, which is justified by outstanding service. 

The broker withdrawal is made through a secure client area, ensuring safe payoffs. Also, you can draw funds out via the same methods as depositing them, which complies with the anti-money laundering policy. Keep in mind that withdrawals are against the AEDT time zone. They are at no cost, and the processing time is from immediately to 14 days, depending on a preferred payment method.

Education and Resources

As for education, IC Markets excels by providing lots of learning materials. This includes technical and fundamental analysis that introduces traders to the forex market. Also, a range of video tutorials explains how to use trading platforms, verify accounts, and upload credit/debit cards. 

Web TV consists of world news about the stock exchange in video format. Other helpful tools and resources are the availability of a demo account, an economic calendar, forex calculators, a blog, a forex glossary, webinars, and podcasts.

Customer Service 

On point of customer support, it is available 24/7 at IC Markets. The company can be reached via live online chat, email, phone, and web form. Its help center includes a comprehensive FAQ section answering a large number of questions. On top of this, the IC Markets website is available in 16 languages.

Overall Summary

In summary of our review, let’s go through the key takeaways. IC Markets is an international brokerage company with offices across the world, including Seychelles, the Bahamas, Australia, and Cyprus. 

Is IC Markets regulated? Yes, it is a fully licensed broker and not just authorized by one but by several financial authorities such as tier-one (ASIC) and tier-two (CySEC) regulators. All of this contributes to the security of your funds, bolstered by negative balance protection, segregation of accounts, and insurance.

IC Markets renders unrivaled services embodied in a vast array of the latest trading platforms (MT4, MT5, cTrader), guaranteeing successful trading. Likewise, a good deal of trading instruments and the proper selection of trading accounts enhance the overall experience. 

Not only that, the broker takes care of both beginners and experienced traders by providing basic to advanced learning materials. Last but not least, its customer support is as excellent as its other features.

In general, we highly recommend IC Markets for forex trading, regardless of your level of trading experience.

FAQs About IC Markets Broker