21^st October - 6^th November

On IC Markets, the account opening process is quite easy and follows the same procedure as most brokers. IC Markets live account accepts clients from anywhere in the world. Our IC Markets review shows that the broker outstanding, except that they do not have investor compensation funds for clients with accounts overseen by FSA and ASIC regulation. In addition to the fast execution speed, traders who want to learn more about the market can integrate with ZuluTrade and MyFXbook. Offers a vast range of trading instruments from 64 currency pairs, 15 major equities, and indices among others.

We can recommend this broker to any trader who wants to trade with large or small capital. The fast-growing area of the world is the Asian and African markets. They accept traders from China, India, the Philippines, Indonesia, South Africa, Ghana, and more.

All UK residents are eligible to open an account at IC Markets as long as they meet the minimum deposit requirement of 200 USD for each account. The minimum deposit required to open an account with IC Markets is $200. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. They have a great platform and competitive costs/fees overall. Thank you for providing your feedback, and we are greatly saddened to hear of your negative experience within our trading community.

I definitely recommend this broker even for newly beginning traders. IC Markets says that it is suited to news trading, high volume trading, automated trading, scalping and high frequency trading. We recommend the free IC Markets demo for new traders who doesn’t have much experience. With it, you will be able to access the markets in real-time and virtual currency to train yourself and hone your strategies.

Best Forex Brokers By Countries – 2023

This is done by use of virtual funds that the client can trade in in a simulated trading environment. IC Markets trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some IC Markets training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using IC Markets to trade live financial markets.

Credit/debit card withdrawals – No withdrawal fees, but it can take up to five days to reach your account. Although IC Markets is not regulated by the UK’s FCA, it has an excellent reputation and is regulated by some top-tier authorities, including ASIC of Australia. However, British traders will be onboarded through IC Markets’ Seychelles-based entity, regulated by the Financial Services Authority of the Seychelles, which provides little regulatory oversight. Although IC Markets is well-regulated, British traders will be trading under the Seychelles-based entity, which provides less regulatory oversight than regulators of the EU or Australia. IC Markets offers 24/7 customer support via phone and email, and they have an online chat feature available during trading hours.

Is this broker good for new traders?

These are both top international banks that have high liquidity. In addition, IC Markets uses external and independent auditors who control the broker. You can open an account in your choice of several currencies. When it comes to withdrawal, you can use only those payment systems from which the account was replenished.

• The commission you will pay on the cTrader platform is $3 per 100,000 USD traded.
• To learn how to trade better or compare your strategy with that of your favourite traders, you can use the integration for social trading or copy trading, through ZuluTrade and MyFXbook.
• IC Markets says that pricing providers send Executable Streaming Prices to IC Markets which then offers them to traders without dealing desk intervention, requotes or price manipulation.
• As Sharia law prohibits the accumulation of interest, traders with IC Markets Islamic accounts do not pay or receive interest rates.

The IC Markets account registration process is simple, user-friendly, and quick. Within 1 most IC Markets trading accounts are ready for live trades. Whilst I think it is a good tool for analysing my own manual and automated trading systems, I wouldn’t rely on it for trading signals. There are just too many poor strategies out there that use dangerous money management and have been provided by people looking to make a quick gain from others. No doubt, there may be some gems if you dig around but I would much rather master my own trading strategies. Aside from signals, Myfxbook does have some great free tools for market analysis, especially the sentiment outlook and price action tool.

Author of this review

The trading platforms are evidence of high security and have been in use for many years. The MetaTrader is the world’s most popular trading platform for private traders. The MetaTrader works flawlessly and gives you direct access to the markets. – With more than 9 years of experience in the financial markets, we tested the company for you with real money. Read our experiences and get a detailed overview of the conditions, advantages, and disadvantages for traders.

Between 74-89ic markets forex broker review investor accounts lose money when trading CFDs. Once IC Markets have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days. IC Markets live chat support is a way for customers to obtain help from IC Markets through an instant messaging platform. It happens at a one-to-one level, often via the company’s website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Livechat is great if you require a reponse to your support request withing 15 minutes.

Account

Use your mobile device at any time to access the portfolio. The MetaTrader is from my experience one of the best trading platforms with countless possibilities to realize his trading. The trading platforms testify to high security and have been in use for many years. Metatrader is the world’s most famous platform for trading private traders. You can make any settings yourself and create your own strategies. Metatrader works flawlessly and gives you direct access to the markets.

TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The demo account is an account type that is suitable for new clients with little or no experience in trading. This account type will allow a client to train himself or herself on the basics of trading.

IC Markets Financial Regulation

This service allows you to copy the trades of any system you select directly into your IC Markets MetaTrader 4 account. Autotrade charges a 0.6 pip spread mark up on all account options, which is relatively expensive. Beginner traders will benefit from IC Markets’ exceptional customer support, available 24/7 to help with any account or technical queries. While its education section is more comprehensive than most other brokers, it offers a fairly limited selection of market analysis materials.

You should carefully consider whether https://traderoom.info/ is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The minimum withdrawal amount from IC Markets is unrestricted, allowing traders to withdraw any amount they choose. In conclusion, IC Markets is one of the few top brokers worldwide that can be recommended with a clear conscience.

• Because it is an international online broker, they provide clients with multilingual assistance 24 hours a day, five days a week.
• So for some instruments on the Raw Spread accounts , there will not be a commission charge.
• On the other hand, MetaTrader is a much more widely used platform.
• On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
• TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.

When registering with IC Markets you must check with regulatory body your IC Markets trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your IC Markets account is over seen by. IC Markets client funds are stored in segregated 3rd party bank account in accordance with IC Markets financial regulators. A IC Markets futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on IC Markets.

The IC Markets true ECN model means that they provide some of the best possible trading conditions available to all levels of traders worldwide, including low spreads and fast execution. I find this to be especially true when using automated trading systems or scalping. If you are a frequent trader, IC Markets are one of my top picks. IC Markets have a vast selection of educational materials including basic and advanced trading guides and video tutorials. IC Markets MT4 traders have access to 20 exclusive institutional quality trading tools to assist with their trading.

Tools

All you need to know about the IC Markets customer service. Our ultimate guide to the IC Markets minimum deposit is updated regularly. Feel free to try IC Markets as you can open an account within a day and there is no inactivity fee. If you are intoAPI trading, IC Markets offers cAlgo, which uses the C# language.

I am always open to learning more from those who have the experience and feel these webinars will help provide guidance to traders who need it. The IC Markets Multi Account Manager allows you to manage clients’ money with flexible allocation methods and real-time reporting of performance and commissions. The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server. This means a money manager only has to worry about trading through the MetaTrader 4 Master Account, all other processes are handled seamlessly by the MAM software. Don’t worry if that seems overwhelming, you can also simply fire up a chart and place/manage trades without any complications.

Trading involves risks and you may lose more than you originally invested. You should understand and be aware that by its nature, trading financial products involves risk and requires considerable knowledge and experience. IC Markets has a dedicated support department operating 24/7 via live chat, email, and phone. Live chat and phone support can assist with any general questions and queries, however, queries addressed to specific departments such as the accounts department are only available via email. Additionally, it provides a comprehensive FAQ section providing relevant answers to the most commonly asked questions.

Traders can follow the markets and make wise investment decisions on IC Markets by using the news to help form a strategy when it comes to choosing investments. A IC Markets news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result. The volatility of cryptocurrencies is the biggest source of risk when trading them with IC Markets. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with IC Markets. Apple Macs and MacBooks can easily handle the most important requirements when using the IC Markets trading platform.

IC Markets allows traders to withdraw their funds for free with their preferred payment method. When choosing to make withdrawals with IC Markets, we found it easy and fast. But first, we were required to submit a ‘withdrawal request’ from our Secure Client Area while platform review. Thereafter, the profits were transferred to our bank account within 48 hours.