Broker Reviews

IC Markets Review 2019

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IC Markets is a trustworthy and recognized online trading broker based on Sydney Australia (Regulated by ASIC). The business was established in 2007 and can be owned and run by International Capital Markets PTY, using their headquarters finds at Level 6 309 Kent Street Sydney, NSW 2000. The internet broker is well-known in Australia and is regarded as the greatest internet broker readily available from the Nation as it features the greatest accessible leverage in Australia, low spreads and spreads, plus even more. The trading broker attempts to bridge the gap between retail customers and large institutional investors by providing investment options that were once only provided by investment banks and high net-worth individuals. IC Markets primarily provides their dealer’s currency trading but also delves into a few options of futures indices and commodities.

Regulation & Reputation:

The IC Exchange broker became licensed and regulated by the Australian Securities & Investments Commission (ASIC) in 2009 under license number 335692. IC Markets is known as one of the most reliable online trading brokers on the market. ASIC is a trustworthy and strict regulatory agency that imposes stringent guidelines and procedures for IC Markets to follow.
Also, in addition to IC Markets ASIC regulation, the brokerage is a part of the Financial Ombudsman Service (FOS). This service allows clients of IC Markets to resolve any complaints that they have promptly and professionally. This gives traders an extra layer of protection and client satisfaction by understanding they will be protected if any other issues were to arise.

IC Markets also operates via two other brands that are regulated:

  • IC Exchange (SC) is possessed by True ECN Trading Ltd. And regulated by the FSA from the Seychelles.
  • IC Markets (EU) is provided for European traders and is regulated by CySec (and adheres to recent ESMA limitations on leverage etc).

These brands provide dealers to ability to move between each, Letting Them choose the level of regulatory supervision and protection they are comfortable with

Trading Platforms:

IC Markets offers its dealers none, but three high excellent trading platforms to select from. By providing three different trading platforms, traders get a myriad of tools and analysis methods to execute their transactions. Watch the available platforms below.

MetaTrader4:

The most popular trading platform with IC Dollar is MetaTrader 4. The MetaTrader 4 platform provides traders using 1-click trading solutions and includes customisations for market thickness evaluation. The platform comes with numerous technical indicators, advanced charting tools, a wide assortment of Expert Advisers and extensive back-testing options. Additionally, traders may trade on the go using MetaTrader4’s mobile apps for the Android and Apple, and also from any desktop through the web-based MetaTrader platform.

MetaTrader5:

This stage has become the most recent of the MetaTrader series, and basically is an updated and enlarged version of the MetaTrader4 platform.

CTrader:

This includes automated trading software and is available on cellular desktop and the web. Traders who want to use auto-trading have three alternatives to select from; ZuluTrade, Myfxbook’s AutoTrade and Signal Trader’s mirroring technology.

Trading Accounts Offered:

IC Markets provides their traders with 3 different account types tailored made to accommodate each trader’s requirements. Traders can select from a”Standard”,”Authentic ECN”, or a”cTrader ECN” account. The accounts have their differences, but basically all provide the same capabilities.

The legitimate ECN account offers slightly lower spreads — but they’re very low across all the accounts. In addition to these accounts, traders can also practice trading on with IC Markets through their live demo accounts. This account allows the trader to clinic using virtual money in a live market environment.

Bonus & Promotion:

Unfortunately, IC Markets don’t offer their dealers any type of bonuses. Nevertheless, this should not be regarded as a terrible thing. The brokerage has built a strong reputation and are proud of the own offering. They do not wish to encourage overtrading, or misrepresent their products via incentives.

Assets:

The IC Markets trading broker doesn’t fall short in providing their clients a vast assortment of trading tools and resources. The brokerage offers over 80 instruments including currency pairs, CFDs on indices, stocks, commodities and futures, precious metals, and even the most popular cryptocurrencies, including Bitcoin and Ethereum.

Forex is a huge part of the IC market offering. Nearly all the 90+ resources accessible to trade are currency pairs. This can be backed up by leverage of up to 500:1, lot dimensions from only 0.01 (maximum lot size is 1, but dealers may exchange a number of lots). On the cTrader stage, spreads can be reduced to 0.0, minimising commission and spread prices for frequent traders. Average spreads are extremely low, only 0.1 pips for EUR/USD for example. This could have a huge impact on day trading profits.

Customer Support:

IC Markets excels in the area of consumer support. They offering their clients multilingual support 24 hrs per day, 5 days per week via live chat, email, or through their worldwide phone support hotline. In addition to this, there is an educational support center where consumer can find the answers to most of their questions.

Deposits:

IC Markets offers their traders a wide variety of deposit options in 10 different currencies. These include AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF. In Terms of deposit options, they comprise Credit and Debit Cards, Bank Wire Transfers, Broker to Broker transfer, Branch Cash Deposit, BPay Deposit, PayPal, Skrill, Neteller, WebMoney, QIWI, China Union Pay, and FasaPay.

Most of these deposit procedures are instantaneous and can be carried out with many currencies.

Withdrawals:

Withdrawals can be reached via many of the same methods as residue. Domestic bank transfers and e-wallet withdrawals could be processed in precisely the same working day and are at no cost.

Are IC Markets Greatest for Day Trading?

IC Markets Is an Excellent broker for day trading thanks to several factors:

With typical spreads of only 0.1 on EUR/USD by way of instance, day traders don’t have profits payable by large commission or trading expenses. IC Markets are a fantastic alternative for trading.

Instruction — The broker features numerous video tutorials together with the attention to educating traders about the several facets of daily trading. At the same time, they supply many guides and articles to assist their traders.

Trading Applications — The agent features innovative charting and analysis tools and calculators. In addition to a wide range of technical indicators used for specialized evaluation.

An assortment of resources — There’s a huge variety of resources to pick from, making this brokerage ideal for day traders that are only beginning or experienced veterans.

IC Markets Trading Hours?

IC Markets operate alongside international markets. So trading will probably be available as an when markets across the world are available, therefore trading hours reflect markets hours. Concerning opening hours, the IC Support desk is available 24 hours a day, for 5 days a week.

Issues or Complaints:

IC Markets don’t generate many complaints. As a controlled brand, their policies are transparent and trader funds isolate by business funds.

One criticism frequently made against agents is that of a dealer being”stopped out”. Stop outs occur when an asset price hits a trader’s stop out level. Just the transaction will close to move favorably again. That is a criticism of nearly every broker and is much more an issue of setting stop-loss amounts too close to the market.

Other issues of this site being unavailable (“no connection” error for example) are largely more questions of this dealer connectivity in contrast to the broker. In our experience, it’s very uncommon for the platform to be not working but might happen.

Accepted Nations:

IC Markets accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.

Dealers can not use IC Trade from United States, Canada, Zimbabwe, Iran, Iraq, Ghana, Cote D’Ivoire, Cuba, Liberia, Niger, Togo.


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