IC-Markets – About Advantages, Account Types, and Trading Platforms

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IC-Markets is highly recommended for forex and CFD trading. With over a decade of experience offering currency, commodity, bond, and cryptocurrency trading for the MetaTrader4 and cStation platforms. IC Markets is a forex and CFD brokerage company founded in 2007. The company is owned by International Capital Markets PTY based in Sydney, Australia. They are licensed by the Australian Financial Services License (AFSL) number 335692.

General information

IC Markets prides itself on being a True ECN broker, offering standard spreads starting from 0.0 pips with no hidden fees and no restrictions. ECN offerings allow IC Markets to connect its traders with the pricing and execution of more than 50 liquidity providers worldwide. IC Markets provides its trading conditions suitable for scalping players, using Expert Advisors (EAs), and in particular for high volume institutional traders.

Advantages

  • Very low spreads: They start at 0.0 pips and continue up to an average of 1.1 pips for the EUR/USD pair.
  • Wide selection of assets: More than 240 trading instruments to choose from across Forex, commodities, indices, cryptocurrencies, metals, and bonds.
  • Strictly Regulated: ASIC (Securities and Investments Commission) has overseen This Broker.
  • Industry-leading platforms: Modern and sophisticated trading platforms, including MT4 and cTrader.
  • Round-the-clock customer support: 24/7 customer support compared to 24/5 provided by most other brokers.

Account Type

IC Markets has various types of accounts that its customers can use, including:

Demo Account – Demo accounts are provided for all account types. The purpose of this account is for aspiring traders or beginners to familiarize themselves with the platform or to learn forex and CFD trading. IC Markets understands this. So, unlike most other brokers, IC Markets allows potential traders to choose the amount of virtual money that can be traded in a demo account, instead of allocating a fixed amount. Also, it makes perfect sense to demo trade the same amount you would trade on a real money account. This account also features currency pairs, True ECN spreads, and access to all trading platforms.

True ECN Account – MT4 and MT5 trading platforms are on this account type. Spreads start from 0.0 and a commission of $3.5 per lot per side is charged to the broker.

True ECN Account (cTrader) – The commission charged on this account type is $3 per USD100,000. Spreads start at 0.0. Trading raw ECN spreads using the cTrader platform Fits This One Account.

Standard Account – Commissions are not charged to Standard Accounts. However, clients are charged based on the spread starting from 1.0 pip. Only MT4 and MT5 Platforms are provided This is one account type.

Islamic account – This account type is available on request. The client must open a True ECN account or Standard Account first before requesting an Islamic account. Rollover fees do not apply to this account following Islamic religious provisions.

Trading Platforms

Following are the trading platforms offered to clients by IC Markets.

MetaTrader 4 (MT4) – The sophisticated, powerful, and popular MT4 trading platform is provided by IC Markets. IC Markets confirms that its MT4 version provides True ECN connectivity and extremely fast order processing. The platform supports 10 basic currencies, various charts, technical analysis, indicators, and much more. MT4 can be downloaded as a Windows desktop application or on Mac OS.

MT5 – This is the latest version of the very popular MT4. This platform contains almost all the features of MT4 with some additions and improvements. MT5 provides access to more instruments, more time frames, more technical indicators, advanced charts, and an economic calendar. MT5 can be downloaded on a Windows PC running Windows 7 or higher. This platform can also be installed on Mac OS.

cTrader – IC Markets provides a cTrader platform that is explicitly designed for ECN connectivity. The platform is very fast, efficient, and loaded with related features. This platform provides access to forex and CFD quotes from multiple sources in real-time. The platform also has multiple order types, separable charts, real-time reports, and many other features. The trader’s “smart stop out” feature protects the trader’s account. Scalping and hedging are allowed as there are no restrictions in IC Markets. The cTrader platform can be downloaded on a PC running Windows 7 or above. The platform is also available as a web cTrader which can be accessed from a web browser.

Wrapping Up

There are several reasons why you should trade with an IC Markets broker. They have been in this business for more than a decade and have proven themselves to be reliable brokers. Over the years, they have received excellent reviews and ratings from clients. There are very few complaints and can therefore be ignored. They offer very low fees, cutting-edge platforms, and multiple trading instruments. They are fully regulated and as such, provide a secure trading environment, security of traders’ deposits, and quality customer support. New traders can take advantage of free training and a flexible demo account.

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