Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
||Regulated by CYSEC & ASIC
||CFDs on forex, indices, commodities, stocks, bonds, cryptocurrencies, and futures
||Raw Spread (cTrader), Raw Spread, and Standard
||Vary on the account type
||Vary on the account type
||MT4, MT5, cTrader
|Deposit & Withdrawal Method
||credit/debit cards (Visa, Skrill), PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, and Vietnamese Internet Banking
IC Markets is a leading forex broker around the globe, offering various solutions for active traders, day traders, scalpers and more. IC Markets allows its clients access to a massive market with diversified types of trading instruments. To give its clients an excellent trading experience, this brokerage offers tight spreads, as low as 0.0 pips, and generous leverage up to 1:1000, both top-notch MT4 & MT5 trading platforms available, as well as 24/7 customer support service. Here is the home page of this brokers official site:
Two entities of this brokerage are regulated in their jurisdictions respectively:
IC Markets (EU) Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CYSEC) with License No. 362/18.
INTERNATIONAL CAPITAL MARKETS PTY. LTD., authorized and regulated by the Australia Securities and Investment Commission (ASIC), with Regulatory License No. 335692.
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
IC Markets offers investors 2250+ tradable instruments, including CFDs on forex, indices, commodities, stocks, bonds, cryptocurrencies, and futures.
To meet different investors' investment needs and trading experience, IC Markets offers three different types of accounts, namely Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for all account types is $200. It also offers free demo accounts.
The leverage provided by IC Markets is capped at 1:1000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
Spreads and commissions with IC Markets are scaled with the accounts offered.
The spreads on the Raw Spread Accounts (cTrader) start from 0.0 pips, and the commission is $3 per 100K USD traded.
The spreads on the Raw Spread Accounts start from 0.0 pips, and the commission is $3.5 per 100K USD.
The Standard Accounts have spreads from 0.6 pips but no commission charged.
Trading Platform Available
IC Markets offers traders the MT4, MT5, and cTrader trading platforms, available for Windows, Mac, Android, Web browser and iOS.
MT4 is currently the most popular trading platform with a highly customizable, user-friendly interface with several technical indicators and data analysis tools to help traders develop different trading strategies.
MT5 is the latest version of MT4 and has all the positive features of MT4 with more powerful trading capabilities.
cTrader is a platform specifically designed for high-speed execution through which traders can trade global markets. cTrader's independent design, elegant interface, and advanced features make it a favourite among freelance traders.
Deposit & Withdrawal
When depositing funds, IC Markets offers 14 funding options, consisting of credit/debit cards (Visa, Skrill), PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, and Vietnamese Internet Banking.
Withdrawals from the funding account must be done by filling out and submitting a withdrawal form, which can be obtained from the website's relevant area.
The withdrawal request must be submitted by 12:00 AEST/AEDT. If the request is filed before this time, it will be handled the same day. If the request is submitted after the deadline, it will be handled the following working day.
Although IC Markets does not impose any fees for deposits or withdrawals, traders should be aware that they may incur fees for International banking transactions.
Paypal, Neteller and Skrill withdrawals are instant. Credit/debit card withdrawals can be processed within 3-5 business days. International Bank Wire Transfers may take up to 14 days.
IC Markets offers 24/7 customer support via a range of contact methods: Telephone: +248 467 19 76, Email: firstname.lastname@example.org, or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram and LinkedIn. Company address: Eden Plaza, Office 222, Eden Island, Mahe, Seychelles.
Pros & Cons
|• Regulated by ASIC & CYSEC
||• not accept clients from specified countries
|• Multiple trading assets and funding options
|• Low trading cost
|• Both MT4 & MT5 supported
Frequently Asked Questions (FAQs)
||Is IC Markets regulated？
||Yes. IC Markets is regulated by ASIC and CYSEC.
||At IC Markets, are there any regional restrictions for traders？
||Yes. The information on IC Markets site is not intended for residents of the U.S., Canada, Israel, New Zealand, Iran and North Korea, officially the Democratic People's Republic of Korea or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
||Does IC Markets offer demo accounts？
||Does IC Markets offer the industry-standard MT4 & MT5？
||Yes. Both MT4 and MT5 are available at IC Markets.
||What is the minimum deposit for IC Markets？
||The minimum initial deposit at IC Markets to open an account is $200.
||Does IC Marketscharge a fee？
||Like every forex broker, IC Markets charges a fee when you trade - either in the form of a commission fee or spread fee. But no deposit or withdrawal fees are charged.
||Is IC Markets a good broker for beginners？
||Yes. IC Markets is a good choice for beginners because it is regulated well and offers a wide variety of trading instruments with competitive trading conditions on the MT4, MT5 and cTrader platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.