The IC Markets Forex Broker Review

3.3

Assets choice

2.4/10

Performance

5.5/10

Deposits & Withdrawals

6.3/10

Client support

1.1/10

Pricing

1.1/10

The main features of this brokerage

Regulation: The Australian Securities and Investments Commission (ASIC)

Trading instruments: 60 currency pairs, 4 metals, CFDs

Trading platforms: MetaTrader 4, MetaTrader 5, cTrader, MAM / PAMM, Myfxbook AutoTrade, Fix Api

Trading strategies: scalping, hedging, automated trading are allowed

Deposit and withdrawal of funds: VISA, MasterCard, non-cash / bank transfer, transfer between brokers, bank transfer within the country, Moneybookers, Webmoney, BPAY (only for Australia), China Union Pay, Neteller, FasaPay

Support: multilanguage, 24/5

Site languages: English, Chinese, Japanese, Russian

Server Time Zone: GMT+1

General information

IC Markets was founded in 2007 in Sydney, Australia. The IC Markets Forex broker has the Australian Financial License (AFSL) 335692. In addition, the broker’s work is regulated by the Australian Securities and Investments Commission (ASIC). Also, IC Markets is a member of the Australian Financial Services Authority (FOS), which provides the external solution of conflicts between financial service providers and clients. Today the company has customers in 160 countries. The broker offers its services not only in the Forex market, but also CFD, as well as in the stock markets of Europe, Asia, ¬†and North America.

The main feature of this broker is the True ECN environment. This is the first trading environment with a direct access to interbank liquidity, which supplies zero spreads, minimal slippage, and excellent liquidity. Liquidity is provided at once by 50 banks and other ECN systems, with such vendors as HSBC, Citi, Morgan Stanley, Bank of America, UBS, JPMorgan, Goldman Sachs and others.

Accounts

IC Markets offers a demo account and two real ones – Standard and True ECN. A minimum deposit of 200 USD is required to open one of the live accounts. The minimum position size is 0.01 lot, and the maximum size of the leverage is 1:500. Trading orders are executed on the market instantly – with a minimum delay and minimal slippage in points. The commission is 7 USD from 1 lot (for a full circle). The broker provides minimum spreads, for example, on the EUR/USD currency pair the spread on the average is about 0.1 pips. At night, spreads are traditionally expanding, but not much.

For trading, you can choose the most suitable terminal: the Metatrader 4 or 5 trading platforms. In addition, it is very convenient to work with True ECN through cTrader, an innovative platform that allows you to maximize the benefits of ECN and liquidity coming from many sources. Also, the broker proposes to invest in the PAMM account through the MAM platform, as well as to copy trades of professional traders through the Myfxbook AutoTrade platform. Large traders who are very important to get the deepest liquidity and integrated trading environment may use Fix Api. Its distinctive features are ultra-high speed and zero-reaching delays.

Bonuses and promotions

The IC Markets company doesn’t offer any bonuses and promotions. The best bonus for a client is the high quality of services. One can hardly say that IC Markets is a scam. Its conditions and customers’ reviews indicate the opposite.

Affiliate programs

IC Markets presents several types of the partnership:

  • The “Introducing Broker” program;
  • Money Manager for investment managers of PAMM accounts;
  • The White Label program for novice and professional brokers;
  • Regional partnership.

Features

For corporate and private clients whose trading accounts exceed $25,000, the broker offers a free dedicated VPS server where one can install trading experts and significantly reduce the execution time of trading orders.

For beginners, the “Education” section on the IC Markets website will be useful. The feedbacks show that the systematic presentation of training materials allows you to learn the basics step by step and confidently start trading. For future traders, there are competent Forex articles, a large selection of video lessons and webinars.

Conclusions

IC Markets is a reliable forex broker, occupying a leading position in its “weight” category. Offering low spreads and excellent execution speed of trading orders, this company will suit any of the existing styles of trading. Whereas, ASIC regulation guarantees the high reliability of the services it provides.

The disadvantage of the company is an underdeveloped, by today’s standards, technical support hotline.

juicyforex Author

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