IC Markets is an Australian based mostly ECN forex broker that’s regulated by the ASIC. Traders have access to a good type of instruments in many markets like currencies, whereas artefact traders square measure offered a variety of energies, metals and agricultural.
Operating since 2007, IC Markets bills itself together of the well-liked selections for automatic traders, with quite 2 thirds of the five hundred,000 daily trades created through its New York Equinix NY4 data information centre returning from automatic trading systems. These information centres, within the NY4 & LD5 data centre in New York & London. Additionally as dedicated fibre optic cross connects to its ECN and liquidity suppliers facilitate to supply traders one in all rock bottom latency and quickest attainable trade executions.
Some of the trading tools out there at IC markets embrace Depth of Market, constitutional spread watching, ladder trading, automatic shut of trades with custom order templates, and more. There also are Android and iPhone trading apps out there that are optimised to produce an increased mobile trading expertise.
To open a live account, you’ll want a minimum deposit of a minimum of $200. Instead, IC Markets offers a demo account that you simply will use to apply and familiarize yourself with their platform.
Regulated by ASIC, IC Markets puts all consumer funds during a divided checking account and uses tier-1 banks for this. The company has been established since 2007, and have a head workplace in Australia.
Before we tend to dive into a number of the additional careful aspects of IC Markets’s spreads, fees, platforms and trading options, you’ll wish to open IC Markets’s web site during a new tab by clicking the button below so as to envision the most recent info directly from them.
IC Markets’ spreads & fees
Like most brokers, IC Markets takes a fee from the spread in forex that is that the distinction between the buying and selling value of an instrument.
The spreads displayed below square measure supported the minimum spreads listed on IC Markets’s web site. The color bars show however competitive IC Markets’ spreads square measure as compared to different fashionable brokers featured on BrokerNotes.
As you’ll be able to see, IC Markets’s minimum spread for trading EUR/USD is one.0 pips – that is comparatively high compared to average EUR/USD spread of zero.82 pips. Below may be a breakdown of what proportion it might price you to trade one heap of EUR/USD with IC Markets vs. similar brokers.
Things to trade via IC Markets
IC Markets offers over totally different instruments to trade, as well as over currency pairs. We’ve summarised all of the various varieties of instruments offered by them below, beside the instruments offered by their competition.
Trading with IC Markets experience
1) Platforms and apps
IC Markets is one in all the few brokers that supply each of the MetaTrader platforms; MT4 and MT5. To envision however the 2 platforms compare, you’ll be able to scan our comparison of MT4 vs MT5 here. This broker is one in all one or two of brokers that supply the cTrader platform developed for traders trying to find a STP/ECN answer. For an inventory of forex brokers that supply the cTrader platform, examine our comparison of cTrader brokers.
2) Making trades
IC Markets permits you to execute a minimum trade of zero.01 Lot. This could vary looking on the account you open. The utmost trade necessities vary looking on the monger and also the instrument. IC Markets provide ECN and standard atmosphere execution, you’ll be able to expect terribly tight spreads with additional transparency over the worth you’re paying to execute your trades.
As a pleasant bonus, the company square measure one in all only a few brokers that claim to possess no re-quotes, therefore you don’t have to worry concerning slippage. With most brokers, margin necessities do vary looking on the monger, accounts and instruments. You’ll be able to see the most recent margin necessities on their website.
Finally, we’ve listed a number of the favoured funding ways that IC Markets offers its traders on the proper.
- Credit cards
- Bank Transfer
3) Consumer support
IC Markets support a good varies of languages as well as English, Japanese, Chinese, Polish, Afrikaans, Danish, Dutch, and German. IC Markets provide over 3 languages and email support and live chat support.
4) How to open a trading account with IC Markets
Since IC Markets is regulated by ASIC , each new trader should pass many basic compliance checks to make sure that you simply perceive the risks of trading and square measure allowed to trade. Once you open a trading account, you’ll seemingly be asked for the subsequent; therefore it’s smart to possess these handy:
- Copy of your ID, passport or driver’s licence
- Utility bill or financial statement from the past 3 months reflecting your physical or residential address
You’ll additionally have to be compelled to answer many basic compliance inquiries to make sure what proportion trading expertise you’ve got, therefore it’s best to place aside a minimum of ten minutes close to complete the account gap method.
While you would possibly be ready to explore IC Markets’ platform instantaneously, it’s necessary to notice that you simply won’t be ready to create any trades till you pass compliance, which may take up to many days, looking on your state of affairs.