Company Profile
IC Markets is a trusted broker regulated by ASIC and CYSEC, registered in Australia. Since its establishment in 2007, it has offered over 2,250 trading instruments, with minimum spreads starting from 0.0 pip. New users can experience trading through a Demo Account, with a minimum deposit of just $200 to open a real account. Additionally, IC Markets supports an Islamic Account and offers leverage of up to 1:1000.
IC Markets offers trading tools including Forex, commodities, stocks, cryptocurrencies, indices, bonds, and futures, and supports advanced trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. There are various deposit and withdrawal methods available, including Neteller, Skrill, bank transfer, VISA, and Mastercard, with customer service providing 24/7 support through email and phone assistance.
Is IC Markets a market maker?
IC Markets is a market maker (MM) broker, which means it acts as the counterparty to clients in trades. Although it does not connect directly to the market, it can provide faster order execution, tighter spreads, and more flexible leverage. However, since its profits come from the bid-ask spread, there may be potential conflicts of interest with clients in certain situations.
Is IC Markets legal?
IC Markets is regulated and compliant in Australia and Cyprus, adhering to the regulatory standards of ASIC and CYSEC. The company provides a secure trading environment for clients under the supervision of these two agencies.
Regulatory Information Link
- In Australia, the regulatory authority for IC Markets is ASIC, and the regulatory entity is International Capital Markets Pty. Ltd., with license number 335692.
- In Cyprus, IC Markets is regulated by CYSEC, and the regulatory entity is IC Markets (EU) Ltd, with license number 362/18.
The regulation by ASIC and CYSEC provides customers with additional protection, ensuring that IC Markets operates in compliance and safeguards the interests of traders.
Market Tools Link
IC Markets offers over 2,250 tradable instruments, covering Forex, commodities, stocks, cryptocurrencies, indices, bonds, and futures. This diversified product portfolio provides traders with a wide range of investment options, and the company offers highly competitive spreads and low commissions across all instruments.
Minimum Deposit Requirement Link
The minimum deposit for IC Markets is $200, which is at a mid-level compared to other brokers.
Account Type Link
IC Markets offers a variety of account types to meet the needs of different traders, including the Raw Account with zero spreads and the Standard Account with no commission. Additionally, the company provides a Demo Account and an Islamic Account, allowing users to choose the appropriate account based on their needs.
IC Markets' various account types offer competitive spreads; the Demo Account allows traders to flexibly utilize high leverage; the Islamic account is an interest-free account suitable for users with specific needs. The company is also equipped with advanced trading platforms that support EA and automated strategies, making trading more convenient.
Although the minimum deposit is $200, the flexibility of IC Markets accounts and competitive spreads complement this requirement, especially for experienced traders.
Demo Account Link
IC Markets offers beginners a free Demo Account to simulate a real market environment, allowing traders to practice trading on the MT4, MT5, and cTrader platforms.
Trading leverage Link
IC Markets offers leverage of up to 1:500, which can amplify profit potential for experienced traders. However, high leverage also comes with greater risks, and it is advised to use it cautiously.
Spreads and Commissions Link
IC Markets is known for its low spreads and low commissions. The Raw Account has spreads starting from 0.0 pip, with a commission of $3.5 per lot, while the Standard Account has no commission but spreads start from 0.6 pip. The cTrader account also has spreads starting from 0.0 pip, with a commission of $3 per lot.
Trading Platform Link
IC Markets supports three major trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. Each platform offers a wealth of trading tools, indicators, and charting features, and supports automated trading strategies.
| Platform | Advantages |
| MetaTrader | Supports EA and automated trading |
| cTrader | Provides advanced charting features |
| All platforms | Provides mobile trading applications |
Deposits and Withdrawals Link
IC Markets offers various deposit and withdrawal methods, including Neteller, Skrill, bank transfer, VISA, Mastercard, etc. All deposits and most withdrawals are free of charge.
| Deposit and Withdrawal Methods | Advantages |
| Free deposits and withdrawals | Instant processing with options like Paypal |
| Multiple payment options | Supports credit cards and electronic payment platforms. |
Educational Resources Link
IC Markets provides a wealth of educational resources, including an economic calendar, market reports, video tutorials, glossaries, and blogs. Traders can use these resources to gain a deeper understanding of the Forex market and improve their trading skills.
Customer Service Link
IC Markets provides 24/7 customer support, and users can get assistance via phone and email. Although there is no live chat option, email response times are relatively quick.
Conclusion
IC Markets is a trustworthy broker that offers a variety of trading tools, account types, and platform options. Its low spreads, high leverage, and 24/7 customer service provide traders with a flexible and comprehensive trading experience. Whether you are a beginner or an experienced trader, IC Markets offers comprehensive support and resources for them.
- 1,000 times leverage
- Low spreads, high trading volume
- Holds ASIC license and has been established for over 15 years.
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