About IC Markets
IC Markets is a world-class forex broker. It offers a transparent trading environment complete with easy market access, low latency trading, and excellent trading conditions. It also offers great educational resources, helpful trading tools, and fantastic customer support.
Benefits
Regulation
IC Markets is a licensed forex broker. It has an Australian Financial Services Licence (AFSL) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL.
Fund Safety
IC Markets complies with all local regulations relating to client fund management and client fund protection. The company keeps its clients’ funds in segregated trust accounts. This means that it keeps client funds separate from company funds. It also means that it does not use client funds for any purpose other than to maintain the margin needed to cover positions opened by clients.
Platforms
IC Markets has MT4, MT5, and cTrader. All three platforms come with great connectivity, fast execution, and excellent trading conditions.
Trading Instruments
IC Markets offers 80+ trading instruments. You can choose from currency pairs, commodities, indices, bonds, stocks, and cryptocurrencies.
Account Types
IC Markets has three account options: a Raw Spread Account, a Raw Spread (cTrader) Account, and a Standard Account. The platforms, commissions, and spreads available vary depending on which account type you choose.
Spreads | Instruments | Minimum Deposit | Max. Leverage | Commission | |
Raw Spread (cTrader) | From 0.0 pip | All Available | $200 | 1:30 | $6 per lot |
Raw Spread (Meta Trader) | From 0.0 pip | All Available | $200 | 1:30 | $7 per lot |
Standard | From 0.6 pips | All Available | $200 | 1:30 | $0 |
Deposits & Withdrawals
IC Markets offers many different payment options. You can fund your account using credit cards, debit cards, bank transfers, Paypal, Skrill, Neteller, Qiwi, Webmoney, and FasaPay.
Trading Tools
IC Markets offers some helpful trading tools. It has a free trading calculator that you can use to calculate the pip values in your account. It also has a free economic calendar that you can use to monitor upcoming data releases and economic events.
Education
IC Markets has excellent educational resources. Its information hub has free educational materials, fundamental market analysis, technical market analysis, and trading data. It also has a free webinar series and a free educational video series. You can use these resources to improve your market knowledge and trading skills.
Extra Trading Services
IC Markets has a free Web TV service. Offered as part of a partnership with Trading Central, their Web TV service provides you with ongoing market commentary and useful trade ideas.
Documents
In order to open a trading account you need to send IC Markets a proof of ID. This could be a copy of your passport or a copy of another form of government ID, such as your driver’s license or a national identity card. You also need to send a secondary form of ID showing your name and residential address. This could be a copy of a utility bill, a bank statement, or a government issued tax document.
IC Markets Customer Support
IC Markets offers round-the-clock customer support. You can contact them via live chat, email, or phone.
Conclusion
IC Markets is a reliable and trustworthy forex broker. It offers great account options, competitive trading conditions, and excellent trading platforms. It also offers excellent educational resources, in-depth market analysis, and fantastic trading support.
Ready to start trading? Register for an online trading account with IC Markets here. Looking for other option? Check out our full forex broker review list.