A Full Review of the IC Markets Broker

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

About the broker

The IC Markets company was established in 2007 in Sydney. The main mission of the broker is to provide quality services for small and institutional clients. The main feature of the company is the world’s first True ECN trading environment with a direct access to interbank liquidity. The company is trying to emphasize its reputation by showing its suppliers. Liquidity is provided by 50 banks, among which there are such giant suppliers as UBS, JPMorgan, Morgan Stanley, Goldman Sachs, Citi, HSBS, Bank of America and others.

Localization. The resource is fully translated into 4 languages. In addition to native English, there are Chinese, Japanese and Russian. Also directly on the site, there is a service from Google Translate, which translates the portal into almost any language of the world.

Regulation. The full name of the company sounds like International Capital Markets Pty Ltd (IC Markets). It is regulated by the Australian Securities and Investments Commission (ASIC). The main office of the company is also registered in Australia.

Trading accounts IC Markets

Standard. The minimum deposit for opening an account is 200 USD. Leverage is up to 1:500. There are following trading instruments on the Standard account: currency pairs (64), indices (13), futures (4), commodity CFDs (2), metals (4). Spread starts from 1 point. The minimum lot size is 0.01. High-speed execution of orders. Scalping and hedging are allowed. No commission fee. Trading platform – MetaTrader4/5. The opening of a training account is not provided.

True ECN. The minimum deposit for opening an account is 200 USD. Leverage is up to 1:500. There are following trading instruments on the True ECN account: currency pairs (64), indices (13), futures (4), commodity CFDs (2), metals (4). Spread starts from 0.1 point. The minimum lot size is 0.01. Commission starts from 3.50 USD for one lot. Ultra high-speed execution of orders. Scalping, trading advisors are allowed. Trading without DealingDesk and requotes. A direct access to high liquidity. Trading platform – MetaTrader4/5. The opening of a training account is not provided.

cTrader ECN. The minimum deposit for opening an account is 1000 USD. Leverage is up to 1:500. There are following trading instruments on the cTrader ECN account: currency pairs (64), indices (13), futures (4), commodity CFDs (2), metals (4). Spread starts from 0.3 point. The minimum lot size is 0.01. Commission starts from 3 USD for one lot. Ultra high-speed execution of orders. Scalping, trading advisors are allowed. Trading platform – cTrader. The opening of a training account is not provided.

Investment tools from IC Markets

IC Markets offers investors to use a special service called MAM. This service is a kind of version of the PAMM accounts, which allows traders to receive a stable income without taking a direct part in trading.

Using this service, you can entrust your own capital to a professional manager who will carry out trades on a special MAM account. The main feature of such accounts is that in order for the manager to start trading, five investors must invest in this account. The profit received will be divided between the manager and investors in proportion to the amount of the capital invested in.

Deposit and withdrawal of funds

IC Markets offers its clients various ways of deposit/withdrawal: via credit/debit card, bank transfer, BPAY, Neteller, Skrill, Webmoney, China UnionPay, FasaPay, PayPal and Qiwi.

Moreover, this broker offers 10 flexible financing options in 10 different base currencies: AUD, USD, SGD, CHF, GBP, CAD, HKD, JPY, EUR and NZD.

Additional features

Client support works 24/5. There are several types of the affiliate programs that are aimed at attracting new customers. And also a training section in which a novice trader can learn a variety of lessons, read articles on the tools provided for trading on the IC Markets site. In the same section, each user has the opportunity to follow the latest market trends with the help of the economic calendar, as well as to use two kinds of the Forex calculator.

Conclusion

IC Markets is a reliable NDD broker, offering competitive conditions for trading with a wide range of tools on two platforms. To summarize, here are the advantages of the broker: ECN low spreads, a wide range of trading platforms and automated trading solutions, the ASIC regulation.

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