IC Markets offers IC Social and ZuluTrade for social trading. But ZuluTrade excels as a social trading platform compared to IC Social. Let's see the reason in this article.

social trading

Social trading is like being part of a group where you share your trading ideas and learn from others. It's like studying with your classmates and helping each other understand the material.

In social trading, you're part of a trading community where you can chat with others. You can also see how they make choices and maybe even copy some of their moves. It's like studying with your classmates and seeing who's doing great in the subject. Skilled traders often get rewards, and there's a leaderboard to show who's the most successful.

On the other hand, copy trading is more like having a leader you trust to make good decisions. Instead of discussing ideas, you simply follow their lead and do exactly what they do. It's like having a really smart friend who always knows the right answers, so you copy their work to do well in class.

So, social trading is about working together, learning, and being part of a friendly community of traders. On the other hand, copy trading is about following one expert and doing exactly what they do.

In this article, we'll explore social trading in IC Markets. There are two social trading apps available in IC Markets, IC Social and Zulu Trade. Signal Start is a bit different because it's more about copying what others do than social trading. Let's get started!

🌐 Website
www.icmarkets.com
Leverage
1:1000
💼 Regulation
💲 Min Deposit
$200
Year Established
2007

Interest rate on funds
Free education
PAMM
MAM
Segregated accounts
Managed accounts
Islamic accounts available
Compensation scheme
Swap
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
PayPal
Skrill
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.

 

IC Social

ic markets social trading

IC Social is a new social trading app offered by IC Markets in the form of an all-in-one mobile application that allows traders to execute trades, copy professional traders, and seamlessly interact with other users.

The app itself is powered by Pelican Trading, a London-based social trading platform provider. To begin with, we must take into account that this app is still fresh (released on Oct 28, 2022), so it may have some flaws and the base of signal providers is still in its early stage.

As more traders discover the benefits and features of IC Social, its user base will likely continue to expand, creating a more robust and diverse trading community.

IC Social's key features are:

  • Copy Trading: You can follow and copy the smart moves of experienced traders. This means you can automatically do what they do in markets worldwide, 24/7.
  • Interactive Profiles: Traders on IC Social have profiles that show how they trade, how well they're doing, and how they manage risks. This helps you decide who you want to follow or copy.
  • Activity and Feed: Stay in the loop with a live feed that shows you what your followed traders are up to. This keeps you informed about what's happening in the market so you can make timely decisions.
  • Instant Messaging and Sharing: You can chat and share stuff with other traders. This makes it easy to learn from each other and have discussions.
  • Inverse Trading: Try the reverse trading idea. It lets you do the opposite of what a signal provider does. This is handy when you think a different strategy might work better.
  • Risk Copy Management: You get tools to control your risks. You can set things like how much you're willing to risk and when to stop a trade, so it fits your risk plan.

To use the app, you need to open an MT4 trading account, and it can be either a Standard or Raw account. Many regular traders prefer Raw accounts because they usually have lower commissions.

After looking into it, we found that IC Social doesn't have many special advantages compared to other social trading apps. It offers pretty much the same features as similar apps from different brokers and providers.

One big downside is that not many people are using this app. On Google Play, it has been downloaded just a little over 10,000 times, which is much less than popular apps like ZuluTrade.

 

Zulu Trade

ic markets social trading

ZuluTrade is a top-notch social trading platform. It lets regular folks follow and copy what smart traders do in the foreign exchange (Forex) and cryptocurrency markets.

ZuluTrade also has a bunch of tools to help you figure out which traders to follow. You can see how well they've done in the past, so you know who's good at this stuff.

And it's not just about making money. ZuluTrade is like a friendly hangout where traders chat, share ideas, and talk about what's happening in the markets. It's a fun way to learn and be a part of a cool community.

Here are some of its key features:

  • Trading Platforms: ZuluTrade lets you link your MetaTrader 4 (MT4) trading account to your ZuluTrade account. This way, you can access all the info you need and use tools to manage your investments.
  • Trading Instruments: You can trade all sorts of instruments on ZuluTrade. Like forex, stocks, indices, commodities, and cryptocurrencies.
  • Copy Trading: ZuluTrade has a big crowd of 90,000+ traders across different markets. You can copy what they do and follow their strategies.
  • Risk Management Tools: ZuluTrade gives you tools to manage risks. You can also see real-time analysis to make better decisions.
  • Mobile App: There's a mobile app for ZuluTrade. With this app, you can trade and take care of your investments quickly and easily, right from your phone.

The platform itself is super user-friendly and works smoothly with other tools like MT4 and VPS. It's a great pick if you're into social trading or copying others because it offers both of these options. Plus, it has a special area just for crypto copy trading.

Here's the cool part: You can link your broker account to over 70 different top brokers through your ZuluTrade account. This is available for both regular investors and traders.

But there's a catch. The features for social trading on ZuluTrade are quite basic, and the minimum deposit, fees, and available assets depend on the broker you use with ZuluTrade.

 

Signal Start

ic markets social trading

Signal Start by IC Markets is a top-notch copy trading service. It lets traders mimic the trades of expert signal providers.

As mentioned above, the IC Markets Signal Start is a copy trade, not a social trade. You can only copy accounts of successful traders, without community or communication like social trading platforms.

Here are some of its key features:

  • Account Analysis: You can check out how well signal providers have performed in the past. This analysis gives you a bunch of info, like their history, how much they've lost at times, and other important stats. This helps you decide if you want to copy their trades.
  • Great Support: If you need help or have questions, Signal Start has your back 24/7. You can reach out to their support team through email or chat.
  • Superior Technology: Signal Start uses smart technology to copy trades accurately and without any hiccups. You won't have to worry about delays or mistakes.
  • Mobile Compatibility: Signal Start works on different devices, including phones and tablets. You can keep an eye on your copy trading even when you're on the move.
  • Fully Hosted: Your account is always linked to the platform, so your trades get copied smoothly without any interruptions. It's hassle-free.
  • Multi-Platform: Signal Start can connect with different trading platforms like MetaTrader 4 and 5. This means you can copy signals from providers who use either of these, giving you a wide range of options to match your style.

When compared to other copy trading apps, the facilities of Signal Start are the same as other platforms. It offers features that are found in most other copy trading platforms.

 

Which One Is Better? IC Social vs Zulu Trade vs Signal Start?

Deciding which of these three options is the best - IC Social, Zulu Trade, or Signal Start - isn't a one-size-fits-all kind of deal. They each have their good points and not-so-good points.

To figure out which one's right for you, you need to think about what you like and what you need. If you want things to be simple and don't want to spend too much time keeping an eye on the traders you follow, Signal Start is a smart choice.

But, if you want to chat with other traders and see how the people you're following make their decisions, ZuluTrade might be a better fit. It's a bit more hands-on, and you can learn a bunch about trading from the community.

So, it all comes down to what you're into and what works best for you. Give them a look and see which one feels like the right fit for your style of trading.