IC Markets is a renowned Australian forex and CFD broker that was established in 2007. The company boasts an outstanding reputation in the industry and offers traders access to more than 90 currency pairs, as well as various financial instruments such as stocks, indices, futures, and commodities. The broker provides traders with a choice of different trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
– It is ideal for automated trading thanks to the Equinix NY4 order matching engine
– Accounts with raw spreads that start at 0.0 pip
– Trial account
– EUR/USD spreads on average start at 0
– Fast transaction completion times, with trades taking just 40 milliseconds on average
– Primarily serves the Australian market
– No notable honours
– Only a few rare currency combinations
IC Markets is one of the most respected forex brokers in the industry, with a solid track record of regulatory compliance and competitive offerings. The broker’s low variable spreads, fast execution speeds, and excellent customer support make it a top choice among both beginner and experienced traders. The broker has also won multiple industry awards for its services.
IC Markets main highlights
|💰 Minimum deposit||£200|
|💸 Payment methods||Bank / wire transfer, Paypal, Credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay, Poli|
IC Markets offers one of the most competitive pricing models in the industry, with very low spreads and reasonable commissions. The broker charges no deposit fees, and withdrawals are generally free, save for a few exceptions. Traders should note, however, that there are additional charges for some particular products, such as swaps or inactivity fees.
IC Markets makes it easy for traders to open an account, with the entire process available online via an intuitive interface. The broker offers three account types, Standard, Raw Spread, and cTrader, depending on traders’ needs and level of experience. All accounts require a minimum initial deposit, with various payment methods – such as credit/debit cards, bank wire transfer, and different e-wallets – supported for making deposits.
IC Markets allows traders to make deposits via credit/debit cards, bank wire transfer, and various e-wallets. The time taken for deposits to show up in your account depends on the payment method you choose. The withdrawal process is also straightforward, with traders able to withdraw funds easily back to the initial deposit method used.
IC Markets offers traders a choice of the most widely used platforms worldwide; MetaTrader 4, MetaTrader 5, and cTrader. Through these platforms, traders can enjoy sophisticated charting coupled with fast execution and a seamless trading experience that extends across any device.
IC Markets’ mobile trading platform enables traders to keep track of their trading activities at any time and from any location. The broker provides access to all features and capabilities available on its desktop platform, making trading on the mobile platform just as convenient.
5. Fusion Markets
In this IC Markets review, we will explore one of the top brokers in the UK for trading and investing in various financial markets. IC Markets has gained significant popularity due to its user-friendly platform, competitive spreads, and advanced trading features. Whether you are a beginner or an experienced trader, IC Markets offers a range of benefits that make it a preferred choice. Let’s dive deeper into what IC Markets has to offer and why it stands out from other brokers in the market.
An established online broker, IC Markets, gives customers access to a variety of financial products, including FX, commodities, indices, and cryptocurrencies. With its headquarters in Australia, IC Markets has expanded its services globally, including the United Kingdom. The broker provides access to the comprehensive and feature-rich MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for both individual and institutional clients.
Before delving further, let’s examine the pros and cons of choosing IC Markets as your broker:
– Competitive Spreads: IC Markets offers tight spreads, ensuring that traders can enter and exit positions at favourable prices.
– Multiple Trading Platforms: With access to MT4 and MT5, IC Markets caters to traders with different preferences and strategies.
– Wide Range of Financial Instruments: From major currency pairs to cryptocurrencies, IC Markets provides a diverse set of trading options.
– High Liquidity: IC Markets has connections with top liquidity providers, ensuring fast and reliable trade execution.
– Advanced Trading Tools: Traders can benefit from various technical indicators, charting tools, and automated trading systems available on the platforms.
–Inactivity Fee: If an account is inactive for a predetermined amount of time, IC Markets assesses an inactivity fee.
– Limited Research and Education Resources: While IC Markets offers essential research materials, some traders may prefer more extensive educational resources.
IC Markets sets itself apart from other brokers in several ways, offering unique advantages that attract traders:
Safety is a top concern when choosing a broker, and IC Markets prioritises the security of its client’s funds and personal information. The following elements help to make dealing with IC Markets safe:
– Financial regulators of note, such as the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, oversee IC Markets. These oversight organisations make sure that the broker abides by rigid operational and financial regulations.
– Client Fund Protection: According to the IC Markets broker review, they segregated client funds from its operational funds, keeping them in separate bank accounts. This practice safeguards clients’ funds in the event of the broker’s insolvency.
– Negative Balance Protection: IC Markets implements negative balance protection, ensuring that clients do not lose more than their initial investment. In volatile market conditions, this feature shields traders from significant losses.
– Secure Technology: IC Markets employs state-of-the-art security measures to protect its platforms and clients’ personal information. These measures include encryption, firewalls, and advanced authentication protocols.
– Reputation: With a lot of positive feedback and a sizable customer base, IC Markets has established a solid reputation in the market over the years. This further instils confidence in the broker’s reliability and trustworthiness.
IC Markets mobile app is for both iOS and Android phones and tablets. Investors have a handy method to access their accounts and trade while on the go with the IC Markets mobile app. The app includes essential features, such as real-time price quotes, charting tools, order placement, and account management. With the IC Markets mobile app, traders can monitor their positions, execute trades, and stay updated with market news and events, all from the palm of their hand.
IC Markets emerges as a top broker choice for traders in the UK, offering a range of benefits that cater to both beginners and professionals. With competitive spreads, advanced trading platforms, high liquidity, and strong safety measures, IC Markets provides a reliable and secure environment for trading various financial instruments. Additionally, the availability of a mobile app adds convenience and flexibility to traders’ experiences.
IC Markets is a regulated broker authorized by reputable financial authorities such as ASIC and the FCA. It follows strict regulatory standards, ensuring the safety of client funds and adherence to legal requirements.
Yes, IC Markets is highly regarded in the trading community due to its competitive spreads, advanced platforms, and reliable trade execution.
Trading success depends on various factors, including skill, strategy, and market conditions. While IC Markets provides favourable trading conditions, profitability is subjective and varies for each trader.
Yes, IC Markets caters to both beginners and experienced traders. The user-friendly platforms and educational resources make it accessible for beginners to start their trading journey.
Yes, IC Markets operates under the regulation of the FCA in the UK, ensuring compliance with local laws and providing a secure trading environment.
IC Markets offers various withdrawal options, including bank wire transfers, credit/debit card withdrawals, and electronic wallets. Traders can initiate withdrawal requests through their account portals.
IC Markets does not impose specific limitations on withdrawal amounts. However, the availability of funds for withdrawal depends on the trader’s account balance and any applicable margin requirements.
IC Markets requires a minimum initial deposit of $200 or equivalent currency for most account types. However, it is a good idea to check the IC Markets website for the most recent deposit requirements.
IC Markets has provided me with exceptional trading conditions. Their tight spreads, fast execution, and deep liquidity have greatly enhanced my trading experience. The customer support is responsive and helpful, addressing my concerns promptly. IC Markets is a reliable choice for traders seeking competitive and transparent trading conditions.
IC Markets has earned my trust as a reliable and trustworthy broker. They prioritise transparency by providing detailed information on fees, spreads, and market conditions. The platform is stable and user-friendly, making trading a seamless experience. With IC Markets, I feel confident that my trades are executed efficiently and securely.
IC Markets caters to serious traders like me. Their professional approach and advanced trading tools, including MetaTrader platforms, offer a seamless trading experience. The low-latency execution and competitive pricing make IC Markets an excellent choice for active traders. With their commitment to professionalism, IC Markets is my preferred broker.