IC Markets – Forex Broker review

IC Markets review and Rating
IC Markets review

Name: IC Markets review

Description: IC Markets or International Capital Markets Pty Ltd is an Australian forex broker that was founded in 2007 in Sydney, Australia. It is an Australian Financial Services License(ASIC) regulated MetaTrader and cTrader broker that provides competitive spreads on its commission-based accounts for forex and CFD traders.

72%
72 of 100 1 review
  • Support - 80%
    80%
  • Platform - 80%
    80%
  • Insights - 30%
    30%
  • Leverage - 80%
    80%
  • Commission - 90%
    90%

Summary

IC Markets has low forex fees. It has also an easy and fast account opening process while depositing and withdrawals are free and user-friendly as well. IC Markets offers the MT4, MT5, and cTrader trading currency platforms. ICMarkets.com offers over 60 currency pairs and over 236+ financial instruments across Forex, cryptocurrencies, indices, futures, stocks, gold, silver, commodities and CFDs for investment and trading options. The broker also offers demo trading accounts and Islamic swap-free accounts. Read IC Markets forex broker review, rating, regulation, and detailed information for their services below.

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User Review
3.5 (2 votes)
Comments Rating 0 (0 reviews)

Pros

  • Commission-free trading available
  • Offers CFDs on cryptocurrency
  • Social copy-trading platforms
  • MT5 web, MT4, MT5, and cTrader suite
  • Wide range of tradable products
  • 24/7 customer support

Cons

  • Lack of a proprietary trading platform
  • Lack of analysis in MT4

IC Markets trading fees are low. There are different cost structures for different account types. We tested the True ECN with the MetaTrader account, which charges a commission but offers tight spreads. The Standard Account offers commission-free trading with spreads from just one pip. The minimum deposit at IC Markets is $200. This is considered low since other CFD brokers usually require a minimum of around $2,000.

Company International Capital Markets Pty Ltd
Founded in 2007
Online since 2008
Offices in Australia, Hong Kong, Viet Nam
Payment options Credit/debit cards, Skrill, Wire transfer
Demo platforms MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal
Account currencies Australian dollar, Euro, Great Britain pound, Hong Kong dollar, Japanese yen, New Zealand dollar, Singapore dollar, Swiss franc, United States dollar
Currency pairs
AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/SGD AUD/USD
CAD/CHF CAD/JPY CHF/JPY
CHF/SGD EUR/AUD EUR/CAD
EUR/CHF EUR/DKK EUR/GBP
EUR/HKD EUR/JPY EUR/NOK
EUR/NZD EUR/PLN EUR/SEK
EUR/SGD EUR/TRY EUR/USD
EUR/ZAR GBP/AUD GBP/CAD
GBP/CHF GBP/DKK GBP/JPY
GBP/NOK GBP/NZD GBP/SEK
GBP/SGD GBP/USD NOK/JPY
NOK/SEK NZD/CAD NZD/CHF
NZD/JPY NZD/USD SEK/JPY
SGD/JPY USD/CAD USD/CHF
USD/CZK USD/DKK USD/HKD
USD/HUF USD/JPY USD/NOK
USD/PLN USD/SEK USD/SGD
USD/TRY USD/ZAR
Regulated by ASIC, ACN 123 289 109
Website available in Chinese, English, Russian
Support available in Chinese, English, French, German, Italian, Japanese, Spanish
Support methods Email, Office, Phone
Trading server time zone GMT+1
  • The interest rate on funds
  • Free education
  • PAMM accounts
  • MAM accounts
  • Segregated accounts
  • Managed accounts

Account Types

CFDs, Forex, Futures

Minimum account size $200
Minimum position size 0.01 lot
Trading instruments
Forex 1:500
CFD
Futures
Trading platforms MetaTrader 4
cTrader
Digits after the dot in quotes 4
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Browser-based platform
  • Trading via API
  • Automated trading

Shares and Options

Minimum account size $1,000
Minimum position size One lot
Trading instruments
Stocks
Options
Trading platforms cTrader
Digits after the dot in quotes 4
  • Trailing stop
  • Pending orders
  • One-click trading
  • Browser-based platform
  • Trading via API
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