IC Markets is based in Australia and has a global presence that makes it one of the best forex and CFD trading brokers in the world.
- Raw spreads starting from 0.0 pips.
- Powerful trading platforms, including the MT4 and MT5.
- No transaction charges.
- Unrivalled 24/7 customer service.
- Over 850 instruments to trade, which we consider limited compared to its peers.
- Investor protection favours EU clients.
It was founded in 2007 and has offices across various regions globally. This also means that it has tier-one regulators overseeing its activities, including the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the Financial Services Authority (FSA) in Seychelles.
IC Markets – Who Are They?
IC Markets is a forex CFD broker that has created one of the best trading platforms for traders globally. This includes having great customizability features and supporting various global languages.
The broker has cutting-edge trading platforms, including the cTrader, MT4 and MT5. These platforms are perfect for traders looking for advanced trading tools and features for their skill development and market analysis. It also has a mobile app that performs exceptionally well with fast trade order execution speed on all mobile devices.
IC Markets has two account types, both which have seamless account opening procedures. Its demo account has virtual funds for experimenting how trading is conducted until you are ready to trade in the real financial markets. This means that the demo account has no expiry date.
The live trading account requires extra focus since you will be trading with real money. You need to deposit at least $200 in your trading account to enjoy the incredible features of this broker. Making deposits is also allowed in 10 major currencies free of charge. Withdrawal and Inactivity fees are also not applied, allowing you to trade at a low budget.
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Our Opinion About IC Markets
From our multiple tests and reviews, we believe that IC Markets is safe to trade with since it has global authorities regulating it. Trader's funds are also kept in a segregated account, guaranteeing money back if the broker becomes insolvent.
We like the availability of research tools on IC Markets. This includes excellent technical and charting tools, quality news flow, and trading ideas to help you create the best strategy. Additionally, newbies will love the learning content found on this broker, including recorded videos, articles, live tutorials, webinars, and more.
It’s worth noting that IC Markets also has outstanding customer service. With a highly experienced team, you are guaranteed fast response and relevant answers or solutions if you encounter trading issues. What’s more, the support service is reachable across three communication channels — phone, email, and live chat.
Lastly, The broker allows automated trading, hence fast order execution speed on trades. Scalping and hedging are also allowed at low spreads. Therefore, while it is primarily recommended to advanced traders, newbies can also try it since it doesn’t have high trading charges.