IC Markets

IC Markets has one of the finest websites we’ve had the pleasure to browse through. Every type of information is laid out, and all important details are displayed within reach. Do our impressions expand to IC Markets’ services? Find out below.

IC Markets holds a license from ASIC. The aim of this establishment is to promote a safe and secure environment for traders. What’s more are the segregated bank accounts that guarantee the safety of trader’s funds. Unlike CySEC or the FCA, ASIC does not arrange for a reimbursement fund. The leverage here can go above 1:30, since this domain is outside the jurisdiction of ESMA.
The leverage reaches the outstanding 1:500, which might be risky for rookies. However, traders are free to choose their leverage level. The spread fluctuates between 0.0-0.1 pips for the EUR/USD currency pair for the True ECN Account, and 1.1 pips for the Standard Account.

IC Markets offers a very satisfactory trading asset choice that even avid traders will appreciate: Forex pairs, Indices, Commodities, Stocks, Bonds, Futures, Crypto.

The broker is available in a colorful bundle of languages: English, Chinese, Thai, Indonesian, Korean, German, French, Portuguese, Spanish, Vietnamese, Russian, Arabic, Czech, Malay and Italian.

IC MARKETS LOGIN

This is by far one of the largest choices of trading platforms we have ever encountered: MT4, MT5, cTrader, ZuluTrade. The only other broker that can boast of the same accomplishment is RoboForex. Having such a choice opens up many opportunities for all sorts of traders.

METATRADER 4

As one of the leading platforms in the world, even surpassing its successor at times, MetaTrader4 offers its full services to the traders who have chosen IC Markets as their broker. MetaTrader’s design and interface is by now well known. The platform is abundant in trading options and possibilities, and attractive to users both rookie and pro. The platform also allows for Expert Advisors and VPS’s hosted by IC Markets. The point of the VPS is to let the auto trading bots trade, without worrying that his job will be interrupted by a power failure or net crash. There is the inclusion of Myfxbook Auto Trade which can be linked to your MT4. By utilizing this, clients will be able to monitor and duplicate the trading patterns and strategies of more established traders.

Furthermore, IC Markets allows for PAMM (Percentage Allocation Money Management) accounts to be utilized. The essence of this is that inexperienced traders, or those without the time, can allocate a sum of their money to a qualified trader they chose before hand. From there on these adept traders will trade with their and your money with the sole purpose of generating as much profit as possible.

Moreover, IC Markets have included 20 Advanced Trading Tools such as the Correlation Trader that serves to compare the differences in markets in real-time, and 19 more! Simply put, at IC Markets the Metatrader 4 platform has been optimize to its full potential, more than any other broker we’ve reviewed before.

The leverage reaches its maximum potential at 1:500, while the EUR/USD spread is 0.0-0.1 pips for the True ECN Account, and 1.1 pips for the Standard Account.

However, there is a commission attached to the True ECN account type (Meta Trader). The commission is $7 ($3.5 per side) per 100 000 units (1 lot). Thus raising the 0.0-0.1 pips True ECN Account spread to an actual cost of trading of 0.7-0.8 pips.

Metatrader 4 is available on iPhone/iPads, Android devices, as a webtrader, and can be downloaded as a standalone Desktop software.

METATRADER 5

Offering more in pure quantity than MT4, MT5 has still a hard time replacing its predecessor mostly due to the fact that MT4 is universal, and essentially used by every online broker.

Nevertheless, MT5 allows for full Expert Advisor support, has a built in economic calendar, more pending orders are available, has increased time frames and much more. Virtual Private Servers can be utilized, as well all the tools and features that were mentioned for the MT4: 20 Advanced Trading Tools, PAMM, Myfxbook Auto Trade.

The EUR/USD spread is 0.0-0.1 pips for the True ECN Account, and 1.1 pips for the Standard Account. The leverage reaches its maximum potential at 1:500.

The commission of $7 ($3.5 per side) per lot attached to the True ECN account type (Meta Trader) raises the 0.0-0.1 pips True ECN Account spread to an actual cost of trading of 0.7-0.8 pips.

Metatrader 5 is available on iPhone/iPads, Android devices, as a webtrader, and can be downloaded as a standalone Desktop software.

CTRADER

cTrader handles with ease and possesses a much better visual style than both MT4/5. The interface is highly customizable, giving users a much needed aesthetic touch of their own.

One of the main features of cTrader is the ability for traders to access provider’s liquidity making room for better pricing and lower spreads. There is also automated trading, PAMM and VPS.
The unique feature of cTrader comes in the shape of a supplementary component called cAlgo. Users can write their own trading algorithms using a set of C# instruments, and can have bots to do trading in their place. However, cTrader does not come with the foregoing advanced tools.

The EUR/USD spread is 0.0-0.1 pips for the True ECN Account, and 1.1 pips for the Standard Account. The leverage reaches its maximum potential at 1:500.

The commission differs slightly from the one imposed on MT4/MT5 users. The fee of $6 ($3 per side) per standard lot attached to the True ECN account type (Meta Trader) raises the 0.0-0.1 pips True ECN Account spread to an actual cost of trading of 0.6-0.7 pips.

CTrader is available on iPhone/iPads, Android devices, as a webtrader. There is no desktop software version.

ZULUTRADE

ZuluTrader is essentially an online platform for copying the strategies of more advanced traders, and in so doing traders can build their own trading portfolios. With hundreds of different signal providers, ZuluTrade has introduced a sorting feature that will make things easier when the time for choosing and expert has come. At their end, signal providers get compensated by 0.5 pips when a lot is traded using their strategy, i.e they are motivated to provide good strategies.

ZuluTrade can be reached on iPhones/iPads, Android devices, on any web browser, and can be downloaded as a standalone desktop software.

IC MARKETS MINIMUM DEPOSIT

The minimum deposit is $200, nothing out of the ordinary.

The payments methods are varied: Credit/Debit Cards, PayPal, Neteller, Neteller VIP, Skrill, Union Pay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLi, Thai Internet Banking, Rapidpay, Klarna, Bitcoin Wallet, Vietnamese Internet Banking.

IC Markets allows traders to open accounts in these base currencies: AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB, BTC.

Wire Transfer and Bpay and Broker to Broker process payments between 2-5 days. Bpay takes from 12-48 hours. All other methods should process you funds immediately.

There are no deposit fees. This is always a blast to come across, same as with FXDD and Exness.

IC MARKETS WITHDRAWAL TIME AND FEES

The methods of withdrawal are the same as the ones used for account funding: Credit/Debit Cards, PayPal, Neteller, Neteller VIP, Skrill, Union Pay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLi, Thai Internet Banking, Rapidpay, Klarna, Bitcoin Wallet, Vietnamese Internet Banking

However, each withdrawal method is predetermined by the way you deposited.

If a withdrawal is submitted before 12:00 AEST/AEDT it will be processed on the same day as the request. The process time differs from the arrival time of your money. Once processed by the broker, the money will be send to you from the appropriate payment system. This can take from 2-5 working days.

The broker does not charge any fees on withdrawals, save for International Wire Transfer’s fee of approximately AUD $20.

The minimum withdrawal amount at IC Markets is $1.

BOTTOM LINE

IC Markets creates a bang, and the shock waves keep on traversing… The ASIC license guarantees fund and client security, and even without a compensation scheme the segregated bank accounts most definitely reassure traders of their money’s safety. All platforms have been pushed to their limits, especially the MT4/MT5, by which we mean that the sheer number of tools and add-ons is astounding. Payment methods are varied and responsive. All this results in a formidable broker that should not be missed.