IC Markets, headquartered in Sydney, Australia, has firmly established itself as one of the premier forex CFD providers worldwide, boasting an impressive daily trade volume of over $15 billion. With a commitment to transparency and regulation, IC Markets caters to traders from more than 140 countries, serving over 100,000 active clients. In this comprehensive review, we’ll explore the key features, pros and cons, and the overall trading experience that IC Markets offers.

IC Markets: Your Pathway to Exceptional Forex Trading

IC Markets places a premium on trustworthiness. Regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the St. Vincent & the Grenadines Financial Services Authority (SVGFSA), this broker ensures strict compliance with global regulations, guaranteeing the safety and security of client funds. All client funds are held in segregated accounts and fully insured, demonstrating a steadfast commitment to protecting client interests.

IC Markets has received several awards and recognitions over the years. Here are some of the notable awards it has won:

1. ADVFN International Financial Awards – Best ECN Broker 2019: This award recognizes IC Markets as the best Electronic Communication Network (ECN) broker, highlighting its excellence in providing direct market access and superior execution.
2. Forex Magnates Awards – Best Retail Broker Execution 2013 Winner: IC Markets was honored as the winner in the category of Best Retail Broker Execution by Forex Magnates in 2013, underscoring its exceptional order execution capabilities.
3. Asia-Pacific Financial Investment Association – Financial Institution of the Year 2012: IC Markets received the Financial Institution of the Year award from the Asia-Pacific Financial Investment Association in 2012, signifying its outstanding contributions to the financial industry in the Asia-Pacific region.

Who Is IC Markets Recommended For?

IC Markets caters to a broad spectrum of traders, from newcomers to advanced investors:

• Discretionary Traders: Those who prefer hands-on trading will find IC Markets a reliable choice.
• Day Traders: With rapid order execution, IC Markets enables day traders to seize opportunities.
• Automated Strategies: Algorithmic traders can benefit from the broker’s high-speed execution and Equinix server support.
• Newcomers: Educational materials and tools like AutoTrader and ZuluTrade are valuable for those taking their first steps in trading.
• Diversified Portfolios: IC Markets offers a wide range of instruments, including forex, commodities, indices, shares, bonds, futures, and cryptocurrencies, facilitating portfolio diversification.

Top IC Markets Features

Extraordinary Trading Conditions: IC Markets excels in trade execution, offering features like multiple order types, detachable charts, low-latency execution, deep liquidity, and narrow spreads.

All Strategies Accepted: The broker welcomes all trading strategies, including scalping, hedging, and automated algorithmic trading, with support from Equinix servers.

Strong Range Of Securities Supported: Investors can choose from over 230 financial instruments, including less common options like bonds, futures, and cryptocurrencies.

Continuously Accessible Customer Service: IC Markets’ customer support is available 24/7, offering assistance in multiple languages through various channels.

Pros and Cons of Trading with IC Markets

Account Options and Features

cTrader Raw Spread Account

• Account Currencies: AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD, HKD
• Available Leverage: 500:1
• Minimum Deposit: $200
• Starting Spreads: 0.0 pips
• Commission Per Trade: $3.00
• Decimal Pricing: Up to 5
• Min. Lot Size Per Trade: 0.01
• Max Lot Size Per Trade: 200
• Demo Account: Yes
• Swap/Rollover Free Option: Swap Free Islamic Account
• Copy Trading Support: Yes

Raw Spread Account

• Account Currencies: Same as cTrader Raw Spread Account
• Available Leverage: 500:1
• Minimum Deposit: $200
• Starting Spreads: 0.0 pips
• Commission Per Trade: $3.50
• Decimal Pricing: Up to 5
• Min. Lot Size Per Trade: 0.01
• Max Lot Size Per Trade: 200
• Demo Account: Yes
• Swap/Rollover Free Option: Swap Free Islamic Account
• Copy Trading Support: Yes

Standard Account

• Account Currencies: Same as cTrader Raw Spread Account
• Available Leverage: 500:1
• Minimum Deposit: $200
• Starting Spreads: 1.0 pip

Top IC Markets Features

Extraordinary Trading Conditions: IC Markets excels in trade execution, offering features like multiple order types, detachable charts, low-latency execution, deep liquidity, and narrow spreads.

All Strategies Accepted: The broker welcomes all trading strategies, including scalping, hedging, and automated algorithmic trading, with support from Equinix servers.

Strong Range Of Securities Supported: Investors can choose from over 230 financial instruments, including less common options like bonds, futures, and cryptocurrencies.

Continuously Accessible Customer Service: IC Markets’ customer support is available 24/7, offering assistance in multiple languages through various channels.

Compliance & Regulation

One of the standout features of Eightcap is its robust regulatory framework. It operates under the supervision of multiple regulatory bodies, ensuring a secure and transparent trading environment for clients.

IC Markets Overview

ype of Broker: Non-Advisory/Executionary Broker (ECN/STP)

Regulation & Licensing: Regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the St. Vincent & the Grenadines Financial Services Authority (SVGFSA). Compliance with global regulations ensures client protection.

Clients Accepted from: 140 countries worldwide

Assets Offered: Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies

Platforms Available: MetaTrader 4, MetaTrader 5, cTrader, AutoTrade (Myfxbook), ZuluTrade

Mobile Compatibility: Supported on Android and iOS

Payment Types Accepted: Credit Card, Debit Card, Bank Transfer, Broker-To-Broker Transfer, PayPal, Skrill, Union Pay, Neteller, FasaPay, Poli, Rapid Pay, Klarna, Thai Internet Banking, Vietnamese Internet

IC Markets Pricing

IC Markets offers competitive pricing:

• Tight Spreads: Starting from 0.0 pips on major FX pairs.
• Commissions: Vary by account type, with cTrader Raw Spread and Raw Spread Accounts incurring commissions of $3.00 and $3.50 per trade, respectively.
• Leverage: Up to 500:1, enabling capital magnification.
• No Deposit or Withdrawal Fees: IC Markets does not charge fees for client deposits or withdrawals, and there are no inactivity fees.

Summary

IC Markets stands as a beacon of excellence in the forex and CFD trading landscape. With rapid order execution, competitive pricing, robust regulation, and a commitment to client satisfaction, it’s no surprise that IC Markets is the choice of discerning traders worldwide. Whether you’re a seasoned professional or a newcomer to the world of trading, IC Markets offers an ecosystem where you can thrive. Experience the benefits of advanced tools, lightning-fast execution, and top-notch support, and unlock your full trading potential with IC Markets.