IC Markets Guide – Read our In-Depth IC Markets Review
This IC Markets review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this IC Markets review does not apply to US users.
If you are a new entrant in the world of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who will be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will create hefty returns. IC Markets is just one such stage which will take you and your investment into great heights. It's crucial to know about IC Markets before you trust them with your cash.
Our entire IC Markets Review covers all you need to learn about trading with IC Markets. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
IC Markets is a broker which has paved its way successfully into the brokerage world. Within this review, we've attempted to collate a number of the important aspects of IC Markets. This review can help you to know whether IC Markets is a good match for your own investments or not. We have attempted to breakdown all of the features and fees for your convenience.
IC Markets Review, Table Of Contents
- Who are IC Markets?
- Benefits Of Trading With IC Markets
- Everything you should know about trading with IC Markets
- Is IC Markets Safe To Trade With?
- Pro's & Con's Of Trading With IC Markets?
- Compare Brokers Similar To IC Markets
- Regulation And Licencing In More Detail
- IC Markets Awards
- Minimum Deposit Required For A Live Account With IC Markets
- IC Markets Commission And Fees Explained
- Compare broker fees against IC Markets
- IC Markets Withdrawal Fees Explained
- IC Markets Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With IC Markets?
- Alternatives To IC Markets
- Frequently Asked Questions About IC Markets
Who are IC Markets?
IC Markets is a forex broker headquartered in Australia and provides a range of instruments for online trading. Since its inception in 2007, IC Markets has emerged as a top player in the field of online broker. IC Markets has an extremely competitive and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 14 years, IC Markets has grown into one of the leading online brokers.
After launching in 2007, their consumer base has become as large as 60,000+ clients.
IC Markets is the favorite of many traders because of its negative balance protection. Our IC Markets review discovered that they're an excellent choice for automated trading options. They're best suited for investors who are looking for a variety of assets. Social and automated trading solutions are the core at IC Markets.
Technology plays a significant role in IC Markets. IC Markets features trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac. IC Markets is fair, transparent, and a well-regulated agent by the Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house research.
The educational section at IC Markets is very enlightening for new dealers since it allows them to get a closer look at the financial markets. IC Markets caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
Who Founded IC Markets?
The founders of IC Markets are Andrew Budzinski
The founders of IC Markets are known for their expertise in the sphere of online trading. However, there are a lot of other important people in IC Markets who have a significant contribution to it's success.
If you feel that IC Markets is not right for you then at the bottom of this IC Markets review you wil find a lot of alternatives to IC Markets.
What you should know about trading with IC Markets
IC Markets is a dynamic platform that provides various procedures of trading. These tools cover the financial markets substantially. Most of the brokerage platforms provide fewer approaches than IC Markets
If you want to exchange with IC Markets, you'll require a minimum deposit of $200. This deposit is required if you want to start trading using IC Markets. This 2021 IC Markets review will direct you safely about trading with them.
IC Markets is as versatile as any other broker platform. IC Markets is excellent for traders that want a manageable selection of cheap services. The platforms provided by IC Markets are third party, white-label offerings. All traders can select from MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac.
Along with everything, IC Markets has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a trade has to be kept open. The brokers offer premium client service that rewards clients with advantages.
Many less reputable brokers attempt to pressurise customers into larger funding for superior services. IC Markets, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
IC Markets accounts are available all over the world and provides excellent service everywhere they have clients. There are a few countries where IC Markets accounts are not available. Traders in the following countries cannot open or use a IC Markets account:
US, CA, IL, NZ, JP, IR
Is IC Markets Safe To Trade With?
Launched in 2007, IC Markets has been open for 14 years, they have a head office in Australia.
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). These figures have rules that make sure that trading platforms have steps in place to maintain investor's assets secured. This usually means that IC Markets users do not need to worry about their money since it is segregated and safely stored in established banks. SSL encryption simplifies each user's private information also.
You can make use of an option for 2 Factor Authentications (2FA) with IC Markets for increased security. An SMS for the verification code will be sent to a phone. You will be asked to input this code to log into your account.
Another concern with fiscal brokers with respect to safety might be manipulation of trading. This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more prevalent in the case of Market Maker agents who compete with users on the platform.
Pro's & Con's Of Trading With IC Markets
Every online trading platform has some pros and cons IC Markets review would be complete without having a balanced approach. This IC Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
IC Markets Pro's
- IC Markets is trusted by 60,000+ clients
- IC Markets offers Negative Balance Protection
- IC Markets doesn't charge withdrawal fees
- IC Markets doesn't charge inactivity fees
- IC Markets offer trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
- IC Markets offer 232 trading instruments
- IC Markets trades major forex pairs
- IC Markets trades minor forex pairs
- IC Markets trades exotic forex pairs
- IC Markets offers trading on cryptocurrencies
- IC Markets can communicate in English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
IC Markets Con's
- IC Markets does not offer Guaranteed Stop Loss
- IC Markets charge deposit fees
- IC Markets charge CFD fees
IC Markets Review - Compare Brokers Similar To IC Markets
|IC Markets||Capital Index||Robinhood||Swissquote|
|Regulated By||Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), FCA FRN 709693||Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)||Financial Conduct Authority (FCA)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Losses can exceed deposits|
IC Markets Review - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
IC Markets, as a company, has a powerful set of rules for ensuring fair trading on its platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
IC Markets Review - Awards
- In 2012 IC Markets was awarded Asia-Pacific Financial Investment Association Financial Institution of the Year.
- In 2013 IC Markets was awarded Forex Magnates Awards Best Retail Broker Execution.
- In 2019 IC Markets was awarded ADVFN International Financial Awards Best ECN Broker .
IC Markets Review - Minimum Deposit Required
The minimum deposit that you need to get started on IC Markets is $200. This is a decent amount for people just starting out. It's possible to create more complex residue as you go along. But, ensure that you understand how to make the most of your money before investing larger sums.
IC Markets Review - Commission And Fees Explained
IC Markets is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you are paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, IC Markets does not charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets are relatively lower. As a result, you are charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This IC Markets review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against IC Markets
|IC Markets||Capital Index||Robinhood||Swissquote|
IC Markets Review - Withdrawal Fees ExplainedIC Markets doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the IC Markets account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always need to have any cash in your account.
In addition, the withdrawn money will be transferred directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash will be sent to the card. IC Markets will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you are choosing to draw in.
IC Markets Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while open an account with IC Markets. An inactivity fee is an amount charged to registered traders who haven't participated in buying or selling for some time. The period considered inactive is decided by the agent.
The inactivity fee differs from one agent to another and isn't standardized. If a traders account doesn't have a buying or selling transaction, it's maintained by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions they had agreed while registering.
IC Markets doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by IC Markets, it's better for you to close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.
IC Markets Review - Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most agents do not charge an excessive amount of money for this operation.
IC Markets charges a deposit fee for transferring money into your trading account.
Depositing money on the IC Markets trading platform is easy. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to provide an identity evidence and evidence of residency to deposit substantial sums.
IC Markets Review - Compare Broker Deposit Methods
|IC Markets||Capital Index||Robinhood||Swissquote|
What Can You trade With IC Markets?
Note: IC Markets offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may be different based on the country of residence of the client.
IC Markets has a wide variety of over 232 instruments available for you to trade with.
If trading forex pairs is of interest to you then IC Markets offer over 65 forex pairs.
Compare IC Markets, Capital Index, Robinhood & Swissquote below.
Alternatives To IC Markets
If, after studying this IC Markets review, IC Markets does not quite fulfill your needs check out these IC Markets alternatives.
We have scoured the web to find the best alternatives to IC Markets. Click on the hyperlinks below to learn more.
Frequently Asked Questions about IC Markets
Can I try IC Markets before I buy?
Yes, you can most certainly try IC Markets before you buy. IC Markets provides demo accounts for the ease of new traders. You may use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account on IC Markets, you may set out with a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you choose to invest your own money.
With this virtual IC Marketsdemo account, you can experiment in any way, to whatever length you desire. You might also open positions, test different trading approaches, and much more.
IC Markets specifies on its official website which you are able to exchange real time stocks with your demo account.
Is IC Markets safe?
It is possible to drop all of your worries since we believe that IC Markets is perfectly safe to use. It is in compliance with all the principles of Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Nevertheless, IC Markets does not provide assured stop-loss protection.
Why does IC Markets ask for my passport?
The reason that IC Markets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, IC Markets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, IC Markets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with IC Markets?
The process to start trading withIC Markets is perhaps simple enough to be a cakewalk. You need to begin by signing up on the IC Markets website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with IC Markets is $200. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with IC Markets.
The best way to kickstart your trading career with IC Markets is to open a demo account facility before risking any real money
What funding methods do IC Markets accept?
There are multiple ways to fund your account with IC Markets. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal is not available in every country. The monies IC Markets
Is my money safe with IC Markets?
Yes, your money is safe and secure with IC Markets. As you already know, IC Markets operates with proper conformation to. It's established plenty of measures to protect all its investors.
IC Markets protects its customers' private and sensitive information under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification as well. It takes an SMS confirmation for you to access your accounts.
Is IC Markets trading good?
Yes, trading via IC Markets is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your ease. In addition, you can even gain access to a huge collection of educational resources and assistive substance to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform for yourself.
Which Countries does IC Markets support?
IC Markets operates across the world. However, due to regulations there are some countries that IC Markets can't accept clients from US, CA, IL, NZ, JP, IR
Is IC Markets legit?
IC Markets is a legit company headquarted in Australia since 2007. They are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). IC Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is IC Markets a good broker?
IC Markets is a great broker, and its users can vouch for this. The highlight of the platform is its quick order execution on transactions.
You will find the clean layout of this platform and the admirable features a pleasure to work with.
Is IC Markets a trustworthy broker?
Yes, IC Markets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 60,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for IC Markets?
The minimum deposit to open a live account with IC Markets is $200
How long do IC Markets withdrawals take?
Normally, withdrawal of money from IC Markets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from IC Markets to show in your bank account.
Are IC Markets regulated?
IC Markets are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Is IC Markets a market leading broker?
IC Markets is indisputably one of the industry leaders. It has over 60,000+ registered users and over 14 years of expertise on its record. They're one of the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this standing to its incredible platform and wide selection of tools plus resources so you can put money into capital markets.
Is IC Markets a con?
No, IC Markets is not a con. They are regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) and must adhere to their rules. Thus, it is safe to say that IC Markets is not a scam.
Can you make money with IC Markets?
Using IC Markets, many traders make a great deal of money. But typically, through consistent trading, you can create between 2% - 10% profit a month.
This may seem like a little number, but within the entire year, this adds to a significant amount of gains. Even though IC Markets provide you all of the tools to earn money, they cannot guarantee that you will gain.
Does IC Markets have fees?
Yes. To begin trading with IC Markets, you have to deposit $200. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was IC Markets founded?
IC Markets was founded in 2007 in Australia. IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
How many people use IC Markets?
IC Markets is a worldwide recognised agent with 60,000+ clients.
Where is the IC Markets head office?
IC Markets has its head office in Australia
Does IC Markets offer negative balance protection?
Yes, IC Markets has Negative Balance Protection. It's especially offered when the market volatility keeps customers from letting their accounts go in the red. In such a scenario, IC Markets provides the ability to reset a clients account balance to zero.
You can go through the critical stipulations on IC Markets's website to comprehend their policies.
Does IC Markets offer guaranteed stop loss?IC Markets unfortunately, does not provide guaranteed stop loss. IC Markets provides an opportunity for its dealers to close their trade in their specified price. Aside from that, IC Markets does not offer guaranteed stop loss.
Does IC Markets allow scalping?Yes, IC Markets do allow scalping. Several traders throughout the world choose IC Markets due to their services that are trading. They offer trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac which let this.
Does IC Markets allow hedging?
Yes, IC Markets does allow hedging.
Can you trade energies with IC Markets?
Yes, you can trade energy stocks with IC Markets
Can you trade agricultural shares with IC Markets?
Yes, you can trade agricultural stocks with IC Markets
Can you trade cryptocurrency with IC Markets?
Yes, you can trade cryptocurrency with IC Markets
Can you trade metals with IC Markets?
Yes, you can trade metals with IC Markets
Can you trade UK Shares with IC Markets?
No, unfortunately you cannot trade UK shares with IC Markets
Can you trade US Shares with IC Markets?
Yes, you can trade US shares with IC Markets
Can you trade Japanese Shares with IC Markets?
Yes, you can trade Japanese shares with IC Markets
Can you trade German Shares with IC Markets?
No, unfortunately you cannot trade German shares with IC Markets
Does IC Markets accept bank transfers?
Yes, IC Markets accepts bank transfers for depositing money.
Does IC Markets accept credit cards?
Yes, IC Markets accepts credit cards for depositing money.
Does IC Markets accept PayPal?
Yes, IC Markets accepts PayPal for depositing money.
Does IC Markets accept Skrill?
Yes, IC Markets accepts Skrill for depositing money.
Does IC Markets accept Payoneer?
No, IC Markets does not accept Payoneer.
Does IC Markets accept Neteller?
Yes, IC Markets accepts Neteller for depositing money.
Does IC Markets offer Live Chat customer support?
Yes, IC Markets offers customer support through live chat.
Does IC Markets offer phone customer support?
Yes, IC Markets offers customer support over the telephone.
Does IC Markets offer email customer support?
Yes, IC Markets offers customer support through email.
What languages can IC Markets communicate in?
IC Markets has the ability to communicate and support customers who speak: English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Does IC Markets have a wikipedia page?
Yes, IC Markets does have a wikipedia page. It can be found at https://en.wikipedia.org/wiki/IC_Markets
Does IC Markets offer demo accounts?
Yes, IC Markets offers demo accounts so you can learn their systems before risking any real money.