IC Markets is a well-established broker since 2007. IC Markets has headquarters in Australia, Hong Kong and Viet Nam. They are generally well-suited for IC Markets to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC ACN 123 289 109, CySEC 362/18 and Securities Commission of The Bahamas SIA-F214.


Company Information

Website
www.icmarkets.com

Established
2007

Country
Australia, Hong Kong and Viet Nam

Regulation
ASIC ACN 123 289 109
CySEC, 362/18
Securities Commission of The Bahamas, SIA-F214

Features

Interest rate on funds

Free education

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Account Information

Apart from the forex demo account , this broker offers Standard and Raw Spread. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by IC Markets is up to 1:500. Meanwhile, you can open an account with a starting capital of $200

IC Markets offers the following trading accounts:

  • Standard: Standard account requires a minimum deposit of $200 and a minimum lot size of 0.01. To offer traders the best prices, this account type uses variable spread. Overall, the account is offering a multitude of tools, such as trailing stop, pending orders, one-click trading, browser-based platform, and trading via API. However, you don’t have the Expert Advisor nor scalping strategy options.
  • Raw Spread: The minimum deposit is $200  and the minimum lot size is 0.01. Raw Spread promises straightforward market access via one-click trading, automated trading, and mobile trading with a variety of tools including trailing stop and pending orders. Expert Advisor and scalping are allowed.

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


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Minimum Deposit

$200

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Maximum Leverage

1:500

pin

Spread

Variable

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Commission

$3.50


Minimum Deposit $200

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

Instruments Traded

Besides lots of currency pair, IC Markets also offers some instruments you would like to trade on, such as Forex, CFD, Bonds and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Available trading markets on IC Markets include:

  • 17 indices.
  • 19 commodities.
  • Over 120 equity CFDs.
  • More than 6 bonds.
  • 10 cryptocurrency pairs.
  • 4 futures CFDs.

As for Standard account, IC Markets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Bonds

Bonds
1:500

Cryptocurrencies

Cryptocurrencies
1:20


Minimum Deposit $200

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, IC Markets also offers some instruments you would like to trade on, such as Forex, CFD, Bonds and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Available trading markets on IC Markets include:

  • 17 indices.
  • 19 commodities.
  • Over 120 equity CFDs.
  • More than 6 bonds.
  • 10 cryptocurrency pairs.
  • 4 futures CFDs.

As for Raw Spread account, IC Markets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Bonds

Bonds
1:500

Cryptocurrencies

Cryptocurrencies
1:20

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

IC Markets also provides payment with BPAY, Credit/debit cards and UnionPay




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, IC Markets offers you MetaTrader 4, MetaTrader 5, cTrader, webIRESS and ProDeal.

Customer Support

Do you have any question or find any trouble related to IC Markets? If you do, you should reach IC Markets's support to get the information that you need. Here is the detail of the broker's customer support:

IC Markets  support is available as follows:

  • Access to multilingual support
  • Live chat  24/7.
  • Additional options include e-mail and toll-free numbers.
  • The Help Center attempts to answer the most common questions.

Website Languages

Chinese
English
Japanese
Russian

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

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.




FAQ About IC Markets


Is IC Markets a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if IC Markets is a good broker for you or not by reviewing the criteria. In general, IC Markets provides trading service in Forex , CFD , Bonds and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer. The customer support is available via Email, Office and Phone.


What is the minimum deposit for IC Markets?

The starting capital in IC Markets is $200.


Is IC Markets regulated?

IC Markets is regulated by ASIC ACN 123 289 109, CySEC 362/18 and Securities Commission of The Bahamas SIA-F214. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is IC Markets legit?

IC Markets is a brokerage company offering trading services for clients since 2007 with offices in Australia, Hong Kong and Viet Nam.


Give Your Review and Rate This Broker


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6 Reviews

Liam Addington
This review is not supported by evidence

Jul 24 2020

It's been a month using ICMarket demo, and I compared it with other brokers, relatively smaller commissions and spreads. hopefully it's the same as with the Real Account ... thank U ICMarket, keep Good Service ...

Garret Ng
This review is not supported by evidence

Jul 24 2020

It's been 10 times to register a live account at icmarket.com but there's no confirmation via email too ... even though it's been 2 days :(

Sarah Michaelson
This review is not supported by evidence

Jul 24 2020

Recommended for those looking for ECN brokers, regulated & affordable deposits

Nadeem Juliano
This review is not supported by evidence

Jul 24 2020

Just check on icmarkets.com, the commission is quite affordable, the max is 3.50 USD / lot. It's reasonable since the minimal deposit is quite high.  If compared to other brokers, trading cost in icmarkets relatively cheap cz I've seen an ECN account that commissions like 20 USD / lot.

Pedro Vienna
This review is not supported by evidence

Jul 24 2020

IC Markets real ECN broker. Can be checked from the quality of the regulation, also the platform can use cTrader who can access directly to the market.

Janeta
This review is not supported by evidence

Jul 24 2020

IC Markets Brokers are really great, the spreads are very good ... starting from 0.0 for ECN accounts ... depo and WD smoothly ...