ic markets forex broker review

The brokers low commissions and the advanced trading platforms are some of the distinguishing points of IC Markets. They offer over 64 pairs on all of the accounts, which include majors, minors, commodities, index and even energy and crypto! This is more than enough for the majority of traders, especially forex based traders. If you want to trade a very strange and specific product then I would advise contacting their helpful 24/7 support team for more assistance. Spreads and trading costs is very important to bare in mind when looking for a new broker. CTrader’s depth of market shows the full range of executable prices coming directly from the brokers price aggregator.

ic markets forex broker review

Recommended EU Brokers

Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading!

  1. The broker also provides multiplecharting tools to help traders make informed decisions while trading.
  2. IC Markets offers three distinct retail investor accounts, each with unique features and trading conditions that cater for different types of traders.
  3. These applications give traders easy access to their accounts wherever they are.
  4. Access the world’s largest and most liquid market with Raw spreads starting from 0.0 pips.
  5. IC Markets publish their average spreads for each type of account and we include a comparison of these spreads between brokers on this page Low spread brokers.

Standard Account

The customer support team can be reachedthrough live chat, email, and phone. In addition, the customer support team isalways available to help its clients with any queries regarding tradingservices, from account opening to technical assistance. It’s an ideal account for EAs & Scalpers.The minimum deposit is 200 USD, and it offers a 0.0 pip spread, along with theability to open 200 maximum position orders per account. When writing IC Markets review, the CompareForexBrokers team meticulously follows our established methodology for assessing forex fees. This involved a rigorous comparison and analysis of published broker fee data, as well as hands-on testing in controlled environments. Each month, we gather and scrutinise the fee data published by various brokers, including IC Markets, and test these in real trading conditions using tools like the MT4 Spread Monitor.

ic markets forex broker review

Does the IC market have copy trading?

Traders can also use Expert Advisors (EAs) on this algorithmic trading platform. This section covers everything about the broker’s supported countries, their customer service rating, trading platform, and trading accounts. The broker offers more than 50 technical indicators whichcan be used for performing complex analyses. The broker also provides multiplecharting tools to help traders make informed decisions while trading.

Desktop Platforms

IC Markets’ account opening process is swift, often taking only a day or less. Additionally, there is no minimum deposit requirement for opening an account, making it accessible to traders with varying levels of capital. One of IC Markets’ standout features is its competitive spreads, ensuring that traders can keep a more significant portion of their profits.

spreads available on this platform?

Nevertheless, there is no progress tracking or assessment, and the content is not arranged by expertise level. Therefore, it may take a while for novice traders to navigate the available materials. For all 25 Indices available across its platforms, IC Markets offers spreads starting at 0.4 points. Traders can enjoy commission-free, round-the-clock trading services on all major markets while gaining a broader perspective on the equity markets. With 60+currency pairs, IC Markets offers one of the most extensive collections of currencypairs. Traders can trade popular and exotic currency pairs, including majors,minors, and exotics.

Block orders can be executed with 1 click from the Master Account with preset allocation methods. Thousands of accounts can be traded with 1 click and with virtually no additional latency. CTrader Web offers the fast order execution capabilities of cTrader with the ease and convenience of being a web-based application.

IC Markets provides various channels for customer support, including live chat, phone support, and email support. Traders can reach out to the customer support team 24/7 for assistance with their trading accounts, technical issues, or general inquiries. While the response time for live chat may vary, overall, IC Markets is known for its responsive and helpful customer support.

This portable version of cTrader can be accessed from any mobile device, so you’re never more than a touch away from the world’s most liquid market. IC Markets offer a range of Futures from around the world, including ICE Dollar Index and CBOE VIX Index. Online Futures based CFDs are offered exclusively on IC Markets’ MetaTrader 4 Platform. Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com.

Commodities CFDs of over 19 commodities are also available for trading with a leverage. With the stock CFDs, traders can get access to trading 120+ stocks from NYSE, Nasdaq, and ASX, etc. MT4 is the most common retail trading forex platform, used by millions of traders across the world. It’s fairly limited in what you’re able to do with it but for the majority of retail traders just starting in the industry, the charts and order execution options are more than competent.

ic markets forex broker review

However, to reach margin requirements, they recommend that you deposit $1,000 in your base currency. Based on our team’s testing, IC Markets scores 8.5, while FOREX.com scores 7.5 in educational resources. Hence, IC Markets offers superior educational resources compared to FOREX.com. So will be a more suitable choice for traders in the UK, Canada and the US.

If traders prefer not to download or install any extra software, they can run it right from a web browser without having to download or install anything at all. The account registration with IC Markets is quick and the broker allows for instant deposits, which means that Nigerian traders can start trading quickly. Traders must complete a short registration form, confirm their email address, and upload proof of identity and proof of residence. The commissions charged on Islamic Accounts range from $5 up to $80 per lot according to the financial instruments.

This profound liquidity results from IC Markets’ relationships with top-tier liquidity providers, ensuring traders get the best possible prices and fast execution. While some brokers charge a commission on trades in addition to spreads, IC Markets does not https://traderoom.info/ic-markets-forex-broker/ impose any such fees on their Standard Account. The only cost to the trader is the spread, making the trading costs more predictable and straightforward. One of the significant characteristics of IC Markets’ Standard Account is offering raw pricing.

The payment methods available depend on the IC Markets subsidary you are registered with as shown below but include e-wallets like PayPal and Neteller, as well credit/debit cards and bank transfers. IC Markets presents a comprehensive range of trading options, from a wide array of CFDs in forex, indices, commodities, and more, to its new share trading facility for Australian residents. IC Markets’ excellent TrustPilot score and strong online presence underscore its high client satisfaction and trustworthiness. The Raw Trader Plus program offers three tiers of commission rebates, which are automatically refunded on a daily basis upon meeting specific criteria.

Our chat rooms will provide you with an opportunity to learn how to trade stocks, options, and futures. You’ll see how other members are doing it, share charts, share ideas https://traderoom.info/ and gain knowledge. IC Markets review finds they offer over 3500 tradable symbols across forex, CFD indices, commodities, cryptocurrencies, stocks, futures, and bonds.

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