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IC Markets Forex Brokers Reviews

IC Markets is a broker for Australian CFDs. Since 2007 , the company has been operational and is one of the leading options for high-frequency traders and those who prefer automated trading solutions. The IC Markets Raw Spread Connectivity bridge provides access to an institutional pricing and liquidity environment for retail traders. Over 500,000 trades, with 60 percent of those from automated trading solutions, are executed daily. IC Markets has achieved a prominent place in today’s ultra-competitive brokerage industry, with an average execution time of 40 milliseconds, a maximum leverage of 1:500 for all customers, and spreads as low as 0.0 pips.

Sydney Australia (Regulated by ASIC) is a reputable and established online trading brokerage based on IC Markets. Founded in 2007, the company is owned and operated by International Capital Markets PTY, headquartered at Level 6, 309 Kent Street, Sydney, NSW 2000.

In Australia, the online broker is well known and is considered the best online brokerage available in the country as it offers Australia’s highest available leverage, low spreads and fees, and much more.

By offering investment solutions that were once only offered by investment banks and high net worth individuals, the trading brokerage seeks to bridge the gap between retail customers and big institutional investors. IC Markets mainly offers forex trading to its traders, but also delves into certain futures, indices and commodities choices.

What is IC Markets?

In 2007, in Sydney , Australia, the business was incorporated by a team of financial professionals who aimed to bridge the gap between retail and institutional customers offering trading solutions. The broker has recently become one of Australia’s leading trading providers and is also expanding beyond serving as an international and European entity, setting up a Chinese Support Center, and proposing truly competitive trading conditions.

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What type of broker is IC Markets?

IC Markets is an ECN trading environment supplier that provides true spreads of 0.0 pips from liquidity suppliers across 60 forex pairs from over 50 different banks and dark pool liquidity sources. For high volume traders, scalpers, EA traders and robots that can enjoy no dealer desk without price manipulation, IC Markets is a choice.

  • The execution brings speeds and low latency through fibre optic connects server orders in the NY4 & LD5 IBX Equinox Data Center in New York and London to the market by traders.

Is IC Markets legal?

The broker is incorporated in Australia in the case of IC Markets and performs its service under the licence of the Australian Securities and Investments Commission (ASIC) (read more why trade with ASIC Brokers). In addition, in Cyprus, IC Markets operates a regulated entity, thus officially and legally operating trading services for European customers.

IC Market traders can feel totally confident with a license and regulation from ASIC, which is one of the strictest and most demanding financial regulators. The money protection provided by several regulated methods includes the segregation of customer money while accounts are accessed only by the customer and used for the purpose of facilitating their own trading.

How long does IC markets withdrawal take?

Withdrawals from Credit / Debit Cards * are processed free of charge. Credit / Debit Card withdrawals may take 3-5 business days to reach you with your credit card once processed. However, you should be aware that this may sometimes take up to 10 business days depending on the end of the banks on some rare occasions.

What is the minimum deposit for IC markets?

200 dollars
At IC Markets, the minimum deposit is $200.

Does IC markets give bonus?

While some bonuses provide a match deposit bonus or a welcome bonus to encourage you to open an account, with IC Markets, there is no such bonus. Since many brokers don’t offer rewards, this is not so unusual now.

Can I use IC market in US?

Are US clients accepted by IC Markets? No, IC Markets does not accept customers from the US. US regulation of the CTFC prevents US customers from trading outside the US with brokers.

Does IC markets accept UK clients?

IC Markets, based in Sydney, Australia, is a global broker that allows you to fund and hold your Pound Sterling account and other basic currencies. IC Markets are currently allowing UK sign-ups.

Are IC markets regulated?

The Financial Services Authority (FSA) of Seychelles is authorised and regulated by IC Markets. Knowing IC Markets, trade with a peace of mind is monitored by one of the world’s strictest financial regulatory agencies.

Platforms & Tools

IC Markets, thanks to its execution methods ( i.e. no requotes) and allowing orders to be placed within the spread, caters exceptionally well to algorithmic traders. Both the platform suites for MetaTrader and cTrader are available, and copy-trading platforms help to round out its offering. Overall, this year, IC Markets is a top contender in our finest category of MetaTrader brokers.

MetaTrader suite: For the web and desktop, IC Markets offers MT4 and MT5. Together with plugins from AutoChartist and Trading Central, the desktop versions feature the Advanced Trading Tools package offered as an available add-on. While these plugins must be installed separately, the effort to improve the default MetaTrader experience is worth the effort.

CTrader suite: Both web-based and desktop versions are included in the IC Markets cTrader platform offering. Multiple trading applications such as cAlgo-used for automated trading-and cTrader Copy for social copy trading are part of the cTrader suite. Note: cTrader is not available through IC Markets EU, the broker’s European brand.

MetaTrader Tools: IC Markets provides the FX Blue LLP-developed Advanced Trading Tools add-on, as well as Trading Central and AutoChartist installable plugins.

VPS services: The broker offers several third-party Virtual Private Servers (VPS) services to host client algorithms for traders making at least 15 standard lots.

Social copy trading: In addition to MetaTrader’s cTrader Copy and the native Signals market, IC Markets also provides copy trading platforms for Myfxbook and Zulu Trade across all its global brands.

Customer Support

Traders are given 24/7 access to multilingual support. The most convenient form of communication is provided by live chat. E-mail and toll-free numbers are additional options. The Help Center tries to answer the questions that are most common.