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.
This IC Markets review contains the latest information about IC Markets.
If you're a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will acquire adept at all of the concepts of broker since you keep trading. For starters, you have to choose the ideal agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will create hefty returns. IC Markets is just one such platform that will take you and your investment to great heights. It's crucial that you know about IC Markets before you trust them with your cash.
Our full IC Markets Review covers all you will need to know about trading using IC Markets. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to guarantee profits; thus, you must carefully analyze your agent before you choose them. It is a common misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets is a broker which has found its way successfully to the broker world. In this review, we have tried to collate a number of the vital facets of IC Markets. This review can allow you to know whether IC Markets is a good fit for your own investments or not. We've tried to breakdown all of the qualities 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 variety of tools for trading. Since its beginning in 2007, IC Markets has emerged as a top player in the industry of online brokerage. IC Markets has an extremely competitive and full-featured trading site that is focused on currency, indices, metals, sharesand commodities.
Over the past 14 years, IC Markets has grown into one of the leading online brokers.
After launching in 2007, their client base has become as big as 60,000+ clients.
IC Markets is a favorite for many traders because of its negative balance protection. Our IC Markets review discovered that they're an excellent choice for automated trading solutions. It's most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the heart at IC Markets.
Technology plays a substantial role in IC Markets. IC Markets offers trading on MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac. IC Markets is honest, transparent, and a well-regulated broker 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 the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at IC Markets is quite insightful for new traders since it permits them to get a closer look at the financial markets. IC Markets caters to all sorts 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 creators of IC Markets are famous for their experience in the sphere of internet trading. However, there are a lot of other key people at IC Markets who have a substantial impact on it's success.
Benefits of doing online trading with IC Markets?
Trading with IC Markets comes with many benefits. These benefits are what sets IC Markets ahead of the rest of the online agents. You need to check all of the benefits listed so you have a better understanding of IC Markets.
The agent goes to great lengths to understand what traders need. Consequently, the service price is low, fast, and convenient. The broker also provides a number of platforms for all types of traders. IC Markets helps to ensure that the individual needs of all traders are duly met.
IC Markets also features excellent trading conditions that are readily available to just an elite group of institutional clients. The tight spreads and fast executions are a great advantage for the traders. The technology embraced by IC Markets is among the highest caliber, making sure that it is fast, reliable, and efficient.
IC Markets acknowledges the significance of owning a quick order execution. A quick implementation will allow users to exchange without worrying about slippage safely. It is going to also aid the traders to grab the utmost profitable opportunities.
Automated trading is another major facet of IC Markets. A new dealer can learn from industry experts using the automatic trading option. The tight spread starts from as low as 0.0 pips, though they are offered for just razor balances.
IC Markets has over 232 trading tools to support all types of traders. These instruments are lively and suitable for both the new and seasoned traders. The traders can set aside all their concerns when trading with IC Markets.
IC Markets overview
Year Founded: 2007
Regulated By: Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Hedquarters: Australia
Minimum Deposit: $200
Number Of Clients: 60,000+
Losses can exceed deposits
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 using IC Markets
IC Markets is a dynamic platform that offers various methods of trading online. These tools cover the financial markets considerably. Most of the broker platforms provide less procedures than IC Markets
If you want to trade with IC Markets, you'll require a minimum deposit of $200. This deposit is required if you wish to start trading with IC Markets. This 2021 IC Markets review will direct you clearly about trading with them.
IC Markets is as versatile as any other brokerage platform. IC Markets is ideal for traders who want a manageable assortment of low-cost services. The programs offered by IC Markets are third-party, white-label offerings. All traders can pick out of 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 over which a trade has to be kept available. The agents provide premium client service that rewards clients with advantages.
Many unprofessional brokers try to pressurise customers into larger funding for premium services. IC Markets, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the further benefits will become available.
IC Markets accounts are available globally and provides excellent service everywhere they have customers. There are only a select 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 2006, IC Markets has been operating for 14 years, they are headquarted in Australia.
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC). These bodies have rules that mandate that trading platforms have steps in place to maintain investor's resources procured. This usually means that IC Markets users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with IC Markets for heightened security. An SMS with the verification code will be sent to your phone. You will be asked to input this code to log in to your accounts.
Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is much more widespread in the example of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With IC Markets
Every online trading platform will have 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 | Wealthfront | Bitfinex | HDFC Securities | |
|---|---|---|---|---|
| Rating | 4/5 | 4/5 | 4/5 | 4/5 |
| Minimum Deposit | $200 | $500 | $100 | $0 |
| Year Founded | 2007 | 2008 | 2015 | 2000 |
| Headquarters | Australia | USA | New Zealand | India |
| Regulated By | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Unregulated | Financial Services Provider (FSP) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Clients | 60,000+ | 10,000+ | 10,000+ | 2,000,000+ |
| Find Out More | ||||
| Risk Warning | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk |
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 business, has a powerful collection of rules for ensuring fair trading on its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with some other institutions or individuals. This includes credit history and other financial details.
IC Markets Review - Awards
- At the time of writing this IC Markets review, they had not received any awards.
IC Markets Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on IC Markets is $200. This is an adequate amount for those just beginning. It's possible to make more complex deposits as you cooperate. But, make certain that you understand how to make the most of your cash before investing in larger amounts.
IC Markets Review - Commission And Fees Explained
IC Markets is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the amount of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you are spending a spread, financing speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, IC Markets does not charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by IC Markets are relatively lower. Consequently, you're charged more for non-trading activities in your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against IC Markets
| IC Markets | Wealthfront | Bitfinex | HDFC Securities | |
|---|---|---|---|---|
| Minimum Deposit | $200 | $500 | $100 | $0 |
| Withdrawal Fees | No | variable | $10 | No |
| Inactivity Fees | No | No | ||
| Deposit Fees | variable | No | ||
| CFD Fees | Yes | No |
IC Markets Review - Withdrawal Fees Explained
IC Markets doesn't charge withdrawal feesWithdrawal of cash is possible at any time from your IC Markets account. You can draw up sums to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't necessarily need to have any money in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent into 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 the event you're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're choosing to withdraw 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 mind while open an account with IC Markets. An inactivity fee is an amount charged to registered dealers who haven't participated in buying or selling for a while. The period considered inactive is determined by the agent.
The inactivity fee also differs from 1 broker to another and isn't generalized. If a dealers account does not have a buying or selling transaction, it is maintained by the broker as an inactivity fee. The traders need to pay this commission under terms and conditions that they had consented while registering.
IC Markets doesn't charge inactivity fees so you are free to use your account as needed
Even if no fees have been indicated by IC Markets, it is better for you to close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to a lot of conditions and should be revealed clearly by the broker beforehand.
IC Markets Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this operation.
IC Markets charges a deposit fee for transferring money into your trading account.
Depositing cash on the IC Markets trading platform is easy. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit large amounts.
IC Markets Review - Compare Broker Deposit Methods
| IC Markets | Wealthfront | Bitfinex | HDFC Securities | |
|---|---|---|---|---|
| Minimum Deposit | $200 | $500 | $100 | $0 |
| Credit Card | Yes | No | ||
| PayPal | Yes | No | ||
| Neteller | Yes | No | ||
| Skrill | Yes | No | ||
| Payoneer | No | No |
What Can You trade With IC Markets?
Note: IC Markets provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will differ depending 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 currency pairs is of interest to you then IC Markets offer over 65 currency pairs.
Compare IC Markets, Wealthfront, Bitfinex & HDFC Securities below.
Alternatives To IC Markets
If, after reading this IC Markets review, IC Markets does not quite fulfill your needs check out these IC Markets alternatives.
We have scoured the internet to find the best alternatives to IC Markets. Click the links 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 offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you sign up to get a demo account on IC Markets, you will set out using a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you before you choose to invest your own money.
With this digital IC Marketsdemo account, you are able to experiment in any way, to whatever length you wish. You can even open positions, test different trading approaches, and much more.
IC Markets specifies on its official site that you can trade real time stocks with your demo account.
Is IC Markets safe?
It is possible to drop all of your worries because we believe that IC Markets is perfectly safe to use. It's 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 a number of ways to fund your accounts with IC Markets. The process is effortless and quick, with various payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all place. The monies IC Markets
Is my money safe with IC Markets?
Yes, your cash is safe and secure with IC Markets. As you already know, IC Markets operates with proper conformation to. It has established plenty of measures to guard all its investors.
IC Markets safeguards its customers' private and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your account, you can empower Two-Step Verification also. It requires an SMS confirmation that you access your account.
Is IC Markets trading good?
Yes, trading via IC Markets is a pleasant and decent experience indeed. It's a great and intuitive platform with useful features for your ease. Moreover, you can even gain access to a vast collection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness 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 does not accept clients resident in 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 own users can vouch for this. The highlight of this platform is its fast order execution on trades.
You'll find the clean design of the platform and the admirable features that 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 currently among the business 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 a dominant figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and broad selection of tools plus resources so you may invest in 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, several traders make a lot of cash. However, on average, through continual trading, you also can make between 2% - 10% profit a month.
This may seem to be a little number, but within the entire year, this adds to a significant amount of gains. While IC Markets provide you all the tools to make money, they can't guarantee you will gain.
Does IC Markets have fees?
Yes. To begin trading using IC Markets, you need to deposit $200. Certain commissions while trading also applies. Any processing fees from your bank might 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 globally recognised agent with 60,000+ customers.
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 is specially offered when the industry volatility keeps customers from letting their accounts go in the red. In a situation like this, IC Markets provides the ability to reset a clients account balance to zero.
You should go through the critical terms and conditions on IC Markets's website to comprehend their policies.
Does IC Markets offer guaranteed stop loss?
IC Markets unfortunately, does not offer guaranteed stop loss. IC Markets provides a chance to its dealers to close their trade at their given price. Aside from this, IC Markets does not offer guaranteed stop loss.Does IC Markets allow scalping?
No, the terms and conditions of IC Markets don't allow scalping. It's a trading technique that isn't allowed on the agent's platform. You must consult with IC Markets's provisions and conditions to read more about its own policies.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.