There are plenty of Australian Brokers for beginners, but which one is the best? What qualifications they should have? This article will answer your questions.

Choosing a good broker can be daunting if you are a new trader. After all, you don't fully understand what you should be looking for in a broker. Luckily for Australian traders, there are a lot of great choices for beginners. But, they still have to evaluate them carefully and make sure the brokers can support them in terms of trading specifications and financial capacity.

Australian broker for beginner

 

What Makes a Broker Newbie Friendly?

There are some factors that make a broker perfect for new traders. Recognizing those things can help you choose the most suitable brokers for beginner-level trading activities.

 

1. Low Spread

Spread is a very important matter to consider since it refers to the difference between the bid and ask price in a broker. A high spread means traders must pay higher fees per transaction to the broker. Therefore, it's better to choose brokers with low spreads to minimize your trading expenses. After all, newbies are still trying to gain a foothold in the market so a low chance of winning is to be expected. When the outcome is mostly unpredictable, why add the risk with high spread if you can help it?

 

2. Low Deposit

When you use a broker, usually they will ask you to deposit some funds in order to start trading. The amount of money is varied from one broker to another. Some brokers even offer no deposit bonuses to cater to new traders. For rookies, it is preferable to trade with small deposits as you don't want to spend too much money when you don't have enough knowledge to overcome risks in the forex market.

 

3. Support for Trading Education

In order to broaden your knowledge, brokers provide educational materials on their official websites. Through this feature, you can learn a lot of things regarding trading, investing, and other related topics. Apart from articles, there are also webinars for interactive sessions so beginners can learn better with the help of experts.

 

4. Demo Account

A demo account is a type of account offered by trading platforms or brokers that allows potential clients to experiment with their service before they start trading in real markets. You don't have to use actual money in a demo account, so you can't realize any profit from it. Think of it as a trial account where you can practice with virtual money. This account also works great for professional traders who want to try out new strategies.

Hare are some of the best Australian brokers for beginners you can choose from.

 

1. IC Markets

IC Markets was founded by a team of professionals in the financial services industry. This broker took customer service seriously, and promise to offer the best possible supports for their clients. With only a $200 minimum capital, you can start trading with this broker. Additionally, this ASIC-regulated broker aims to provide traders with the lowest possible spread in all market conditions. They offer a raw spread account starting from 0.0 pips, available from their trading platforms.

For new traders, IC Markets features plenty of educational materials in addition to a demo account. You can learn general concepts about the forex market, how to analyze the market, and how to put it in your strategy. There are also a lot of educational videos to help you get started in forex.

Spread
Variable
Regulation
ASIC, ACN 123 289 109
Min Deposit
$200
Established
2007

Interest rate on funds
Free education
PAMM accounts
MAM accounts
Segregated accounts
Managed accounts
Payment
Bitcoin
BPAY
Credit/debit cards
FasaPay
Neteller
PayPal
Skrill
UnionPay
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

2. AvaTrade

AvaTrade proves to be one of the best brokers for beginners by allowing a minimum deposit of $100 and no deposit required for opening a demo account. This ASIC-regulated broker takes online trading seriously and provides you with the best trading applications that are also available for iOS and Android devices. To help newbies, they provide various types of trading content that include articles, eBooks, and tutorial videos.

Spread
Fixed and Variable
Regulation
ASIC, 406668
Min Deposit
$100
Established
2006

Bonus offers
Trading contests
Free education
Personal manager
PAMM accounts
Segregated accounts
Managed accounts
Islamic accounts available
Requires sending documents via postal mail
Payment
Credit/debit cards
Neteller
Skrill
UnionPay
WebMoney
Wire transfer

Avatrade can be called one of the most well-rounded brokers that support almost all trading styles. Not only allowing hedging, scalping, and expert advisor (EA), Avatrade also completes their service with One-cancels-the-other order (OCO) and AutoTrading in many variants of automated trading systems.

AvaTrade was founded in 2006, with the primary mission to empower people to trade with confidence. If traders are still confused about what is the best broker for supporting trader's trading, AvaTrade perchance option of traders, because it has been evaluated and honored for some of the industry's most remarkable financial and technological achievements that it provided to clients.

In 2019, the Dublin-based broker got achievement from Daytrading.com as The Best Forex Broker 2019. Besides, the company is honored as Best Forex Broker, Best Bitcoin CFD Trading Provider of the year, and Best Affiliation Programme in the European area.

Furthermore, for traders who have high mobility, AvaTrade provides many platforms that allow traders to trade using laptops and mobile phones. The availability of the free Autochartist tool in the platforms is the best support for both novice and experienced traders because it makes it easier for them to find trading opportunities without the need to glance at charts all day.

The Autochartist free signal is provided in Gold Account, Platinum Account, and AVA Select. By opening an account in AvaTrade, traders don't have to pay for getting a full Autochartist service. Autochartist itself is a market scanner tool that can detect trading signals from various technical perspectives.

Traders can access AvaTrade in many variants of platforms, such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading, and AvaOptions.

In terms of regulation, AvaTrade is regarded as a superior broker because it has a lot of credible licenses. That way, even with deposits of up to ten thousand dollars, security can be guaranteed. Applying the Segregated Account system, AvaTrade is regulated by the Central Bank of Ireland (No.C53877), ASIC Australia (No.406684), JFSA Japan (No.1662), and South Africa (FSP 45984).

Can traders lose more than their deposit abruptly in the event of high volatility? AvaTrade explicitly answers no, as traders have negative balance protection.

With a minimum deposit of USD100, AvaTrade offers various leverage depending on the trading instruments; whether it is forex (starts from 30:1), indices (starts from 20:1), commodities (starts from 5:1), ETFs (starts from 5:1), or cryptocurrencies (starts from 2:1).

AvaTrade has committed to a set of values in relation to customers. Therefore, the company provides the best trading experience, offering multilingual customer service and the most sophisticated and user-friendly trading platform.

New traders can also learn forex trading in the Education tab on AvaTrade's official website. Traders will find a wide collection of articles, video tutorials, and more tools that will assist them every step of the way. It is an important requirement as the forex market might be a bit overwhelming and even scary at times, so traders need to make sure that they are fully prepared to begin trading in the real account.

There are many types of account types provided by AvaTrade. There is also an Islamic Trading Account, which is uniquely provided for Muslim Traders. Islamic account type is similar to a regular one with one key difference; it is not subject to any special fees or interests (swap-free), which sits well with the finance principles of Sharia Law.

If traders have felt confident for forex trading, traders can choose AvaTrade as an ideal choice. The minimum deposit and various platforms offered to make it a suitable destination for even beginners who would like to try forex trading for the first time.

 

3. FP Markets

With a minimum deposit of $100, FP Markets is one of the best Australian brokers suitable for beginners. This broker allows you to trade on consistently low spreads from 0.0 pips. They also promise no dealing desk and no requotes, ever. Besides a demo account, new traders can learn from FP Academy, where they can take courses about trading in general. The courses are divided into different skill levels starting from beginner to advance.

Spread
Variable
Regulation
ASIC, 286354
Min Deposit
$100
Established
2005

Bonus offers
Free education
Personal manager
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Payment
Bitcoin
Credit/debit cards
Dash
Dragonpay
Ethereum
FasaPay
Litecoin
Local bank transfer
Neteller
Ripple
Skrill
Tether (USDT)
USD Coin (USDC)
Wire transfer

 

4. FXCM

There are several reasons why FXCM is a great broker for beginners. For a start, they offer a low minimum deposit of $50, perfect for new traders with small funds. FXCM also claims that most of its traders receive positive slippage or zero slippage. That means, most of their trades possibly get executed at prices better than displayed spreads. Not to mention, their educational materials include a forex video library, as well as a free online forex classroom you can access almost every weekday. Of course, a demo account is also provided.

Website
www.fxcm.com
Spread
Fixed
Regulation
ASIC, 309763
Min Deposit
$1
Established
1999

Interest rate on funds
Free education
Trading by telephone
PAMM accounts
LAMM accounts
Segregated accounts
Managed accounts
Requires sending documents via postal mail
Payment
Credit/debit cards
Neteller
Skrill
Wire transfer

Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.

During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).

This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.

The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.

Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.

Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.

Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.

This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.

Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.

For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.

Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.

All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.

 

5. eToro

eToro is an ASIC-regulated broker that is mostly known for its social trading feature. With a starting capital of $50, you can start trading with them. To make things even easier, eToro offers competitive spreads as low as 1 pip for leading forex pairs. If you want to broaden your trading knowledge, simply check on eToro's online trading academy that is available on their website. You can read guides about investing and trading, as well as learn how to manage risk as a trader or investor. They also have a lot of interesting educational materials about cryptocurrency.

Spread
Fixed
Regulation
ASIC, 491139
Min Deposit
$200
Established
2007

Trading contests
Free education
Personal manager
Segregated accounts
Affiliate program
Islamic accounts available
US traders are welcome
Payment
Credit/debit cards
Neteller
PayPal
Skrill
UnionPay
WebMoney
Wire transfer
YooMoney

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

 

6. CMC Markets

As one of the best brokers for beginners, CMC Markets aims to provide tight spreads regardless of market volatility. Their lowest spread starts from 0.7 pips, which is one of the lowest in Australia. There is no minimum deposit in CMC Markets, so you can start trading immediately without having to prepare a certain amount of funds. Plus, you can trade on over 11,000 markets including forex, indices, commodities, and shares.

New traders can benefit from educational materials on CMC Market's official websites. Also, you can develop your trading skills with their free tools and resources, as well as join webinars to take insight from their market analysts. If you want to practice what you learn, this ASIC-regulated broker also offers a demo account.

Spread
Fixed
Regulation
BaFin, 154814
Min Deposit
$1
Established
1989

Free education
Segregated accounts
Payment
Credit/debit cards
Wire transfer

 

7. XM

XM is an ASIC-regulated broker that is built by more than 600 professionals with years of experience in the financial industry. There is a minimum deposit of $5 in XM, and the spread is as low as 0.6 pips, making XM a good choice for beginners. There are plenty of educational materials on their websites as well, like live webinars, Q&As with their experts, and trading articles.

Website
www.xm.com
Spread
Variable
Regulation
ASIC, 443670
Min Deposit
$5
Established
2009

Interest rate on funds
Bonus offers
Free education
Personal manager
Trading by telephone
Segregated accounts
Affiliate program
Islamic accounts available
Requires sending documents via postal mail
Payment
CashU
Credit/debit cards
FasaPay
giropay
iDEAL
Moneta.Ru
Neteller
paysafecard
QIWI
Skrill
SOFORT
UnionPay
WebMoney
Western Union
Wire transfer

Established in 2009, XM is a member of an online brokerage company called Trading Point of Financial Instruments Ltd. In providing clients on a global scale, the company has branched into XM Australia and XM Global, and XM Cyprus. Each member has different headquarters and licenses, with XM Australia registered under the Australian Securities and Investment Commission (reference number: 443670), XM Global under the IFSC (60/354/TS/19), and XM Cyprus under the Cyprus Securities and Exchange Commission (reference number: 120/10).

XM is one of the more experienced brokers in the world of online forex trading today. Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and Webinar feature that is accommodated in 19 different languages with 35 native instructors for each language.

In terms of trading instruments, XM is a well-known diverse class assets provider, varying from Forex, Commodities, Equity Indices in CFDs, Precious Metals, Energies, to Shares. XM prides itself to be the ideal broker in trading execution, offering a stat of 99.35% orders to be executed in less than 1 second. Trading in XM would be also provided with a strict no requotes policy, no virtual dealer plug-in, no rejection of orders, real-time market execution, and the choice for traders to place orders online or by phone.

Spreads on all majors can reach as low as 0.6 pips in Ultra-Low Account, while spreads on other accounts usually start from 1 pip. Instead of providing maximum leverage on the scale of 1:500 or 1:1000 (round numbers), XM chooses to limit their leverage on a 1:888 scale, a unique number that is now widely recognized as XM's trademark.

To protect the client's fund in the event of extreme volatility, XM presents each account type with Negative Balance Protection. The deposit starts from $5 in Micro and Standard Account, while Ultra-Low Account requires a minimum deposit of $50. Traders who open accounts in XM are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade.

For the deposit, XM applies zero-fee deposits in most of its available payment methods. Traders can choose to fund or withdraw their accounts via wire transfer, credit card, as well as the most favorable e-payment choices like Skrill, Neteller, and FasaPay.

XM also provides an Islamic Account for Muslim Traders obligated to Sharia Law that prohibits the use of interest generated by overnight swaps for each currency pairs. To give their clients the best experiment in trading, XM has given access to both MT4 and MT5 platforms, each is available for more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android, and Android Tablet).

All in all, there is no doubt that XM has gone global with its deep commitment to providing trading services in more than 15 languages around the world. Aside from easing traders' experience with mainstream trading platforms and high-quality trading execution, XM is open to various types of traders, from small capital traders to the more experienced ones with big deposits at the ready. Traders are even provided with a Cent Trading environment should they choose to register under Micro Account.

Forex trading can be complicated and difficult, but if you found the right broker to support your activity as a beginner, then you are already on the right track. There are several factors that make a broker perfect for newbie traders. Most of them focus on low deposits, low spreads, demo account availability, and educational materials. For Australian traders, the abovementioned brokers have what it takes to provide the best condition for traders. Here is a side-by-side comparison of some of the brokers:

Feature Go to IC Markets Go to eToro Go to XM

Rating

General Rating 4.23/5
3.87/5
3.42/5
Trustpilot 4.9/5

rated by 22094 users
2.2/5

rated by 2 users
2.7/5

rated by 238 users

General Information

Office(s) Australia, Hong Kong and Viet Nam China, Cyprus and United Kingdom Australia, Cyprus, Greece and Hungary
Regulation ASIC ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas, SIA-F214
The Financial Commission, 25.11.2021
ASIC, 491139
CySEC 109/10
FCA (UK), FRN 583263
FINRA, 298361/SEC#: 8-70212
ASIC, 443670
BaFin 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand), FSP235905
ESMA
Established 2007 2007 2009
Minimum Deposit $200 $200 $5
Maximum Leverage 1:500 1:400 1:888
Spread Variable Fixed Variable
Commissions $3.50 $3.50
Minimum Position 0.01 lot 0.1 lot 0.01 lot
Payment Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union and Wire transfer
Official Website Visit IC Markets Visit eToro Visit XM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Soft Commodities
Spread Betting
Bonds

Customer Support

Website Languages Chinese, English, Japanese, Russian Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish
Email Support
Call Support
Chat Support

Reviews

Traders Reviews

Millard Donnelly

May 26 2022

I am honestly interested in IC Markets because of a lot of things, including:

- low spreads

- CFD trading

- multiple deposit and withdrawal methods

I also understand that IC Market has plenty of trading platforms ranging from MT4, MT5, and cTrader. Does any of their platform available for customization? If yes, does it utilize MLQ4 programming language or C# programming language?

Arletta Bolton

May 26 2022

Do IC Markets accept deposits and withdrawals from credit cards? I have actually visited their websites and I have already checked their payment methods and I have realized that they have a lot. I've seen that they offer bank transfers as well, but I am not sure if they can accept payment through credit card as it is the most convenient for me now.

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Rivka Schilling

Feb 9 2018

I keep having problems with them. My withdrawal has been canceled and I can't withdraw, no refund was made, and despite follow-up inquiries from me, no one has replied to me. In my opinion, whoever handles the customer service training is doing a pretty bad job. I can understand if there are some technical problems but it doesn't seem to be the case.

Tera Schulz

Feb 9 2022

I think that eToro has one of the best educational materials out of every broker I have ever been with. However, there are some tips for you before you choose any of their classes. First ask them about the course program, how long it will last, and who will teach it. Most importantly, check the history of the real account of this super, who will lead this training. The best part, the educational materials were all available for free. This is a really great support for new traders.

More Reviews

Wayne Finnie

Feb 18 2020

Vincent Howlett: 

Open real accounts with CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA regulated brokers.

The brokers below are good because they have strict regulations and have a long history of forex trading.

IG (min deposit $300), Forex.com (min deposit $1,000), Oanda (no minimum deposit), Saxobank (min deposit $5,000), XTB (min deposit $250), Dukascopy (min deposit $1,000)

Those brokers are different from offshore regulations such as Cyprus, British Virgin Island, Vanuatu, Grendlines, Belize, etc. You can also check the detail of each broker above, including regulatory aspects, company history, to liquidity providers.

Vincent Howlett

Feb 17 2020

Wayne Finnie: What I don't like is how sneaky brokers are. When I chat with CS, they just ask me to follow the policy on client agreement, but then when I read, it's already newly updated. Things like this make me scared to deposit in huge amounts.

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