IC Markets – A Fair, Transparent Broker

IC Markets logoWhy trade with IC Markets?

  • 60+ Currency pairs
  • Tight spreads
  • Quality trade fills
  • Fast execution
  • Exceptional customer service
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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.

About IC Markets

Regulation

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.

Fund Safety

IC Markets complies with all local regulation relating to client fund management and client fund protection. It keeps 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.

Platforms

IC Markets has MT4, MT5, and cTrader. No matter which platform you choose, you’ll get great connectivity, fast execution, and excellent trading conditions.

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.

Account Types

IC Markets offers three accounts types: their Raw Spread Account, their Raw Spread (cTrader) Account , and their Standard Account. The platforms, commissions, and spreads available very depending on which account type you choose. As such, you need to check which account would best suit your trading style.

Minimum Deposits

The minimum deposit is $200 USD.

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.

Trading Tools

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 stop of data releases and upcoming events that might affect market prices.

Education

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.

Documents

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 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.

Support Number:
‎+357 (25) 123 504 (Cyprus)

Email Address:
[email protected]

Conclusion

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.

We hope you enjoyed our IC Markets review. If you’d like to sign up, click here to open an account.

This article has 24 Comments

  1. What is your deposit rate and withdrawal rate, can I bank wire to your account without me have domiciliary account here in Nigeria?

    1. You can withdraw and deposit to any account with IBAN/BIC/SWIFT as long as the account is in your name, regardless of country.
      Also NUBAN is accepted.

  2. how long does it take for an account to be approved?
    I signed up and what is showing is temporary account
    due to this i have not funded

    1. Hello Paul,
      the account will say approved when all the documents have been finally checked and approved.
      This usually takes less than 1 working day.
      If you opened the account during weekend, this might be approved during Monday.
      It’s perfectly fine to fund accounts before though.

  3. Hello,

    My name is McDuff from Nigeria, Please I want to ask Can I send and receive money from a savings account in Nigeria, or do I have to open a Domiciliary Account.

    Thank you

    1. Hello McDuff, as long as your account enables banktransfers you can use it for funding the account. Best way is simply to try it =)

  4. As a Nigerian can I open account with icMarket and fund it with Bitcoin and do my normal trading?

    1. Yes you can deposit via Bitcoin. However, withdrawals are done via bankwire/banktransfer due to AML laws.

  5. Great company my friend introduce me to this company there are good i’m from Nigeria, but am confuse somewhere can’t i make withdraw without IBAN and BIC through my Visa card or internet banking?

    1. In some regions, only IBAN/BIC is available as withdraw method, it could also depend on the type of VISA/BANK used when depositing.
      The best way is to go to livechat and ask ICMarkets support directly for your specific case.

  6. if i deposit in ic market with my visa card; for withdrawing my profits, do i need a domiciliary account or money can be sent to my local bank account.

    1. Yes, you can withdraw via bankwire to an account in your name, where you have IBAN and BIC. You can obtain this from your bank.

  7. Samuel from Nigeria
    Can withdrawal be made directly into clients local bank account here in Nigeria?

    1. Thanks for the question Samuel.
      You can withdraw to any bank and bank account, as long as your bank provides you with an IBAN and BIC. (International Bank Account Number, Bank Identifier Code)
      If you have an online login to your bank account, in most cases you will find this information there, otherwise it can be retrieved at a bank office.

  8. Can I fund my account using my credit card. I am in Nigeria. What are the available deposit and withdrawal methods available to those in Nigeria.

    1. Yes Marilyn, you can deposit via regular VISA / Mastercard.
      Most of the time, withdrawals can be made to the same card as you made deposit to, however in some cases withdrawals are only available with bankwire (depending on sum).

  9. Please, how exactly can I fund my account in icmarkets from here in Nigeria?
    Is there a better or the best way to do that from Nigeria and what makes it better or best.

    thanks.

    1. The easiest way is with a regular VISA/Mastercard, or via bankwire.

      Most of the time, withdrawals can be made to the same card as you made deposit to, however in some cases withdrawals are only available with bankwire (depending on sum).

  10. Hello Henry, did you open an account with IC. Am a Nigerian too,and was hoping there is a Nigerian office.

    1. IC Markets does not have an office in Nigeria, but funding is easy with VISA/Mastercard or banktransfer.

    1. Hello Henry, IC Markets do not have an office in Nigeria, however the support is amazing, and 24/7. Fast response times and always a delight to deal with, so please give IC a try.

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