IC Markets Review
IC Markets is a leading broker and aims to offer an exclusive trading experience. The sole aim of the entity is to provide traders with the lowest spreads possible during all market conditions. With the platform, the individuals experience tight spreads and trading conditions; a live support team is always there for its clients, committed to solving the queries.
Merits and Demerits
- Minor spreads
- Quick execution
- Excellent technology
- Best trading conditions
- Superior fills
- Leading customer assistance
- Progressive trading tools
- 1:500 leverage
- The cumbersome verification process for new traders
IC Markets Company Information
IC Markets is on a mission to develop an excellent trading experience for retail and institutional clients. It permits traders to focus more on their trading. Traders design the platform to satisfy the needs and demands of other traders. IC Markets is dedicated to offering the best spreads, execution and service.
IC Markets is available for its clients globally. IC Markets does not render its services in the nations where trading is regarded as illegal or where trading is not permitted.
IC Markets Trading Platforms
IC Markets is among the superior choices for automated traders. The entity undergoes over 500,000 trades every day, with over two-thirds of transactions coming from computerized trading systems.
IC Markets provides its customers with the opportunity to trade on the award-winning MT4 platform. It is regarded as the world’s most popular and preferred trading platform for forex traders because it is rich in multiple features and computerized trading ability. The entity has partnerships with numerous technology providers and proudly offers the next generation MT4 platform, developed to upgrade your trading experience. Both IC Markets Standard and Raw Spread accounts are available on the MT4 trading platform.
IC Markets proudly presents the next generation MT5 platform. The MT5 platform is an updated version of MT4. The platform provides a core trading experience and includes everything a trader needs to trade the markets. MT5’s advanced charting technology involves sophisticated order management and execution tools that ultimately help traders monitor their positions efficiently. It is a dynamic platform loaded with exclusive features to improve the comprehensive trading experience. It is available on both IC Markets account types, i.e. Raw Pricing and Standard.
The traders can access their MT4 and MT5 trading accounts from any web browser across the globe using IC Markets MetaTrader WebTrader. MetaTrader WebTrader provides swift order execution and management. Additionally, it is easy to use and offers maximum convenience of being a web-based application. The platform is user friendly and allows traders to enjoy trading in the IC Markets trading environment.
IC Markets- Trading Accounts
IC Markets Raw Pricing provides an extensive product range included across all account types. The accounts are well-suited for both inexperienced and professional traders; simply select your preferred trading platform and pricing model to begin.
cTrader Raw Spread Account
cTrader is designed for excellent performance. When coupled with IC Markets Raw pricing and the best order execution speeds, cTrader makes a significant addition to your trading bucket and enhances the comprehensive trading level.
Raw Spread Account
The Raw Spread account provides some of the lowest possible spreads available. The entity’s average EUR/USD spread is 0.1 pips, with only a small commission of $3.50 per lot payable per side. The account is designed for better liquidity and rapid execution. The account is best suited for day traders, scalpers and expert advisors.
IC Markets Standard account is a simple trading account. With the standard account, the traders can experience all the advantages of the entity’s raw pricing, excluding commissions; however, spreads are included.
Traders of Islamic faith can opt for a Raw Pricing trading account with zero interest fees.
IC Markets Payment Options
The entity accepts multiple payment options. Therefore, the traders can select from the wide range of payment options and choose the one that best suits them and their needs. Additionally, the entity also accepts payment in cryptocurrencies. The traders are allotted crypto wallets, and every transaction is end-to -end encrypted. Hence, utmost significance is given to safety and security.
IC Markets Trading Tools
While MT platforms are enough to satisfy the demands of numerous retail traders, IC Markers goes a step further and provides extra tools that upgrade the trading experience. Forex Calculators and Economic Calendars are also significant features of the entity.
Virtual Private Server
A Virtual Private Server (VPS) permits traders to run computerized trading strategies 24 hours a day, seven days a week, with the possible swift connectivity to the IC Markets trading servers.
The trading servers offer the best and fast order management and execution speed. Additionally, a reliable information network is also developed.
IC Markets Trading Instruments
The worldwide market remains at the fingertips as the IC Markets offer various trading instruments. The traders can lay their hands-on 61 forex market products, 25 indices, 22 commodities, 11 bonds, 1897 stocks, and 21 digital currencies.
IC Markets contact and customer support
The platform is available for its clients 24 hours a day and seven days a week. Besides, the traders can contact them through their website, email address, and social media handles. Additionally, the entity supports live chat, where all the queries are answered in real-time.
Account Opening with IC Markets
The potential traders can create a demo or real accounts depending on their needs and demands. The budding traders need to click on ‘open an account’ in the down-right corner of the main website. The account is created in three simple steps. The primary step is to fill in the personal details. After that, the location has to be selected. The next step involves configuring a trading account. Once the verification and confirmation are met, the traders can start trading by depositing a minimum amount.
IC Markets is an excellent broker that provides excellent services worldwide. Traders looking for a fantastic trading experience must consider creating an account on IC Markets.
IC Markets FAQ
What are IC Markets trading platforms?
MT WebTrader, MT4, and MT5 are the trading platforms offered by IC Markets.
Where can I download the IC Market’s platform?
Individuals can download the IC Market’s trading platforms MT4, MT5, and Web Trader from the broker’s website or smartphone app store.
How do I open an account with IC Markets?
To open an account on IC Market, go to its website, and click the ‘Open an account’ button located at the down-right corner of the webpage.
How do I verify my IC Markets account?
Individuals can verify their account by giving ID proof and the recent address proof, which shouldn’t be older than six months.
What are the IC Markets account types?
Raw Spread, Islamic Account, cTrader Spread Account, and Standard are the account types offered by the IC Markets.
Is there an IC Market demo account?
Yes, you can open a free demo account on IC Market. The account allows inexperienced traders to trade and learn risk management.
What is the IC Markets leverage?
1:500 is the leverage provided by the IC Markets.
What are IC Markets trading instruments?
The primary trading instruments are Forex, commodities, indices, bonds, digital currencies, stocks, and futures.
Where is IC Markets located?
IC Markets is situated in Mahe, Seychelles.
How can I contact IC Markets customer support?
Individuals can contact IC Markets customer support via telephone, live chat, email, and social media.