IC Markets Review – is IC Markets Scam or Legit Broker?

ICMarkets

3.7

Rating

3.7/5

Pros

  • 64 currency pairs
  • MT4, MT5 along with multi-account direction
  • Scalping and Hedging Are Allowed
  • ASIC law
  • Islamic accounts accessible

Cons

  • No Fixed Spreads
  • No Guaranteed Limit Orders
  • Does Not Guarantee Stop Losses

ICMarkets is an entirely regulated online brokerage which affirms balances in 10-base monies, and contains completely authenticated account with Australian banks. Traders may delight in the cTrader ECN account and also the MetaTrader 4 True ECN account. ICMarkets is accredited by both the Australian Securities and Investments Commission (ASIC).

Overview/ desktop

ICMarkets is a top Forex and CFD trading platform situated in Sydney, Australia. It was instituted in 2007 whilst the go-to destination for traders that operate within institutional retail and trading. IC Markets comes with a True ECN accounts with higher liquidity, high-tech implementation of trades and low spreads. Traders at ICMarkets have lots of money pairs available, for example a vast selection of day trading options and scalping. This Internet trading brokerage is fully controlled by ASIC (Australian Securities and Investments Commission) using all the next permit #335692

Account Types

There are just two primary kinds of accounts accessible to traders in ICMarkets: A Live Account and also a Demo Account. The normal accounts contain $0.0 commission and also spreads out as few as 1.0 pip. It functions on the MT4 stage and also the host location is currently in New York. Traders will need to produce a starting deposit of 200 and the most leverage is 500:1. It’s likely to relish micro money trading using some 6 4 money pairs . Other characteristics of this typical account comprise CFD trading using indices, 1-click trading, CNS VPS cross join, Islamic Accounts and trading fashions. This trading platform would be ideal for optional traders. One other trading account type is True ECN. This trading accounts will be $3.50 a lot, using spreads as little as 0.0 pips. It works on the MT4 stage and also the host is found in New York. The start deposit for this account can also be $200 and optimum leverage of 500:1 is acquired. Additionally, it supports micro Currency trading and 6 4 money pairs. Index CFD trading, 1-click trading, CNS VPS cross join and Islamic Accounts will also be encouraged. This trading platform would work to EA’s along with scalpers.

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Trading Platform/ applications

IC Markets operates on MT4. MetaTrader4 could be your entire world ‘s top trading applications, also it has a userfriendly interface along with rich capabilities. It’s totally customized to a own trading ecosystem, and so is aimed at optimized trades. MT4 also has full charting capabilities using the complete assortment of management tools that are supported. Traders may also make use of electronic communication system called cTrader. That is well suited for commodity trading like silver, gold, platinum and money pairs trading. IC Markets platform includes added functionality, accelerated implementation of trades and up to date pricing. The trading platform additionally conducts an MAM feature. This could be actually the multi-account manager also additionally assists with commissions and performance. After you conduct the multi-manager account, just trades at the MT4 master accounts are considered. A user-friendly interface and feature-rich trading is currently available. Other options include things like highspeed fix API solutions for traders. These features is found the trading platforms in IC Markets.

Deposit options

Funding options is found in 10 specific base monies. These include GBP, SGD, NZD, JPY, HKD, CHF, AUD, USD, EUR, and CAD. ICMarkets urges that traders utilize their dwelling money to reevaluate the processing of withdrawals and deposits. The subsequent withdrawal and deposit techniques is obtained: bank cards and bank cards, including Skrill, Neteller VIP, wire transfer, bank transfer, local banking transfer, WebMoney, cash deposit in Australia, BPAY, China UnionPay, Neteller, broker to broker transport, FasaPay, along with Qiwi. All client funds are retained in segregated accounts in Westpac Banking Corporation and National Australia Bank (NAB).

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Markets

The assortment of available stores in ICMarkets covers the complete spectrum. Forex, indices, futures, and commodities would be the most significant stores readily available to traders.

Forex – money pairs add a vast selection of major, exotic and small pairs. Spreads can average approximately 0.1 pips. Popular FX pairs Incorporate both the USD/JPY, USD/CHF, EUR/USD, GBP/USD, USD/CAD along with AUD/USD.

Indices – indices incorporate the AUS200, US30, US 500, UK100, DE 30, HK50, USTC, F 40, Stoxx50, IT 40, JP 225, ES 3-5, US 2, 000, China 50 yet others. Spreads include 0.3 to 1 3 over the aforementioned indices.

Futures – stocks are CFD trades plus so they have been popular options at ICMarkets. They comprise ICE dollar index stocks contract, CBOE VIX index stocks contract, Brent crude oil stocks contract, WTI crude oil futures

Commodities – products incorporate palladium, gold, platinum and silver, location energy contracts, sugar, wheat, corn, soybean, and java etc.. These products can easily be traded in the MT4 and cTrader trading platform.

Bonuses

ICMarkets doesn’t offer you some bonuses. It considers itself an authentic ECN brokerage and doesn’t try to lock on your benefits from assuring bonuses.

Customer Support

Traders may reach customer service agents in lots of ways. These generally include email ([emailprotected]), the postal speech in Sydney, New South Wales Australia, along with telephone number. The Australian cell phone number is 130-060-0644, and also the overall phone number is 61 (0) 280144280. The facsimile number is 61 (0) 280722120. Office hours operate from Monday through Saturday 7 AM during 9 AM and out of Sunday through Friday from 10 PM to 10 PM. A Chinese Support Center is available, for example Chinese cell phone number and email support.

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Safety

ICMarkets keeps all client funds in segregated accounts. All these are preserved in Westpac Banking Corporation and National Australia Bank. Further, this brokerage is totally governed by ASIC to offer Forex and CFD trading on financial devices. Secure socket layer technology and also the maximum encryption protocols make sure that the ethics of trader balances is shielded by third-party interception.

Ease of Use

this Forex and CFD brokerage would go to amazing lengths to create it as simple as you can trade financial tools on the web. The design is userfriendly and also you may readily switch in the middle an accounts and also a presentation accounts. The Forex trading programs involve MT5, MT4, multi-account direction, auto trading, Fix API, ZuluTrade and much more. The education centre is exceptional and carries the complete assortment of advice on CFD trading and Forex Currency trading, video lessons and much more. In terms of client activities, you may readily find advice on financing (withdrawals and deposits ) downloads and support.

Final Thoughts

ICMarkets is one of those higher Forex and CFD brokerages from the land right here. It’s fully licensed and managed to provide real currency trading on a vast selection of instruments. Customer care is on the amount of money, also you can find several techniques to obtain in touch with professional service agents across the clock.

Internet Site:
www.icmarkets.com/
Telephone:
61 (0)2 8014 4280
Legislation:
ASIC (Australia)
Pairs provided:
56 money pairs and 4 alloys
Minimum Deposit:
$200
Spreads From:
0.0 PIPs
Max Leverage:
500:1
Markets:
Forex, Indices, Commodities, CFDs