About IC Markets
IC Markets is one of Australia’s largest CFD and forex brokers. It prides itself on being a True ECN broker with great trading conditions and cutting-edge trading technology. It offers a wide range of instruments including currencies, commodities, indices, bonds, stocks, and cryptocurrencies. The company also offers a transparent trading environment complete with easy market access, low latency trading, and excellent trading conditions.
IC Markets holds an Australian Financial Services Licence (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL.
IC Markets complies with all local regulations relating to client fund management and client fund protection. The company keeps its clients’ funds in segregated trust accounts at Australian Banks, National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). This means that it keeps client funds separate from company funds. It also means that it does not use client funds for any purpose other than to maintain margin needed to cover positions opened by clients.
Spreads – From 0.0 pips
Leverage – 1:30
Volume – From 0.01 lots
Currencies – AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF.
It offers a wide range of 80+ trading instruments. You can choose from currency pairs, commodities, indices, bonds, stocks, and cryptocurrencies.
IC Markets offers three account types: their Raw Spread Account, their Raw Spread (cTrader) Account , and their Standard Account. The platforms, commissions, and spreads available vary depending on which account type you choose. As such, you need to check which account would best suit your trading style.
Raw Spread (cTrader)
From 0.0 pip
$6 per lot
Raw Spread (Meta Trader)
From 0.0 pip
$7 per lot
From 0.6 pips
Deposits & Withdrawals
IC Markets has a wide selection of payment options. You can deposit and withdraw money using credit cards, debit cards, bank transfers, Paypal, Skrill, Neteller, Qiwi, Webmoney, and also FasaPay. The company doesn’t charge any additional fees for deposits or withdrawals. However, you can still incur fees on payments to or from international banks. As such, you need to check with your bank as well to find out if, and what fees they charge.
IC Markets offers a small selection of helpful trading tools. For example, it has a free trading calculator that you can use to calculate the current pip values in your account. It also has a free economic calendar that you can use to stay on top of data releases and upcoming events that might affect market prices.
IC Markets offers excellent educational support. For example, it has a dedicated information hub that provides you with educational materials, fundamental market analysis, technical market analysis, and trading data. It also has a free webinar series and a free educational video series. These are designed to help you improve your trading knowledge skills.
Extra Trading Services
In addition to its excellent education support, IC Markets also provides a free Web TV service. Presented in partnership with Trading Central, the Web TV service offers you in-depth video market commentary and useful trade ideas.
In order to open a trading account you need to provide a primary form of Photo ID. This could be a copy of your passport or a copy of another form of government ID, such as your driver’s license or a national identity card. You also need to provide a secondary form of ID showing your name, residential address, and a provision of services such as money owed or paid. For example, you could provide a copy of a utility bill, a bank statement, or a government issued tax document.
IC Markets Customer Support
IC Markets does not keep their clients waiting. They are available via their website live chat application, over email and over the phone. Unlike a lot of brokers, IC Markets offers round-the-clock support. When you get in contact with this broker, they are very friendly and very quick to reply. If further help is needed they will escalate the issue and get back to you quickly, instead of leaving it so long that you forget what you wanted.
To conclude, IC Markets is a reliable and trustworthy forex broker. It offers great trading conditions, high quality education resources, and excellent trading technology. As such, IC Markets is an excellent option for all forex traders.
Ready to start trading? Register for an online trading account with IC Markets here.