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IC Markets Review

IC MARKETS Review

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Foundation: IC Markets was found in 2007

Headquarters: IC MARKETS is based in Sydney, Australia

FxPros Rating for ICMarkets is 73.05% -Press Here to see the Full Rating AnalysisUS Residents: IC MARKETS forbids US traders -NO-

Regulated: IC MARKETS is regulated by ASIC Australia (license No. 335692)

Client Account SegregationAustralian Banks – Westpac and NAB {Professional Indemnity Insurance – Lloyds of London}

Web-Site Languages: English, Spanish, Chinese, French, German, Japanese, Italian

Customer Support: 24/5 via Phone, LiveChat, and eMail

Visit IC MARKETS

IC MARKETS TRADING INFO SUMMARY

Broker Type: ECN

Trading: Forex, Metals, Energies, Stock Indices

Platforms: MetaTrader-4, MetaTrader-5, cTrader, cAlgo, FIX/API, PAMM platform, Myfxbook Autotrade

Trading Time Zone: GMT+3

Demo Account: -YES-

Min. Spread on EUR/USD: 0.1 pip (ECN PRO) plus trading commissions $7/full traded lot

Leverage: Leverage up to 500:1

Scalping: is fully allowed –YES- (Free VPS under policy, check below)

Minimum Account: $200 for Metatrader Accounts and $1,000 for cTrader Accounts

IC Markets Demo Accounts | IC Markets Real Accounts


TRADING ASSETS

IC Markets offers the following Financial Instruments:

■ 56 Forex Pairs

■ 4 major metals

■ 12 Stock Equity Indices

■ 2 Energy assets (Brent and WTI)

IC MARKETS SPREADS & LEVERAGE

IC MARKETS TRADING SPREADS

These are the IC Markets spreads and trading commissions on ECN Pro Accounts

■ IC Markets offer EURUSD at 0.1 pip typical spread, plus commissions $7/ full traded lot

IC Markets offer USDJPY at 0.3 pip typical spread, plus commissions $7/ full traded lot

IC Markets offer GBPUSD at 0.5 pip spread plus commissions $7/ full traded lot

IC MARKETS TRADING LEVERAGE

■ Leverage when trading with IC MARKETS can be up to 500:1


IC MARKETS TRADING PLATFORMS & MOBILE

IC Markets provide the classic MT4 for PC, Mac and Linux, MT4 PAMM, plus mobile traders.

MetaTrader-4

■ MetaTrader-5

cTrader and cAlgo Automated

■ FIX/API

PAMM Platform

■ Signals for Zulu and SignalTrader

ICMarkets Free VPS (Virtual Private Server) 

A VPS service allows traders to apply automated Forex Trading strategies 24/7, without having to maintain any hardware (PC, router, etc.). Clients of IC Markets preferably should use a VPS hosting in the ICMarkets co-located Equinix data center. Traders with a minimum monthly volume of 100 round lots can get a Free VPS from IC Markets. They can actually select their VPS service from the below providers:

  1. Forex VPS (staff available 24hrs per day, VPS activation in only 20mins)
  2. Commercial Network Services -CNS (Latency between CNS and IC Markets is less than 1 millisecond)
  3. Beeks FX VPS (Beeks NY data center, ping from Beeks VPS to IC Markets NY4 servers is as low as 0.5 milliseconds)

IC MARKETS NEW ACCOUNT INFORMATION

IC MARKETS three (3) Account Types:

IC Markets offer three (3) account types. The Standard Account type for beginners, offering spreads as low as 1.0 pip, without charging commissions. The True ECN account (MT4) which offers spreads as low as 0.1 pip by charging commissions $7/full round lot. Almost the same conditions, as the True ECN, are offered in the cTrader account type. The minimum amount required to open a Standard Account or a True ECN Account with IC MARKETS is 200$. The cTrader account type requires $1,000 minimum deposit.

IC Markets Account Types Standard TRUE ECN cTrader
Minimum Deposit 200 $ 1,000 $
Account Currencies EUR, USD, GBP, AUD, JPY, CHF, NZD, SGD, HKD, CAD
Minimum Trade Size 0.01 Lot
Trading Commissions No Commissions $7 / rounded lot
Spreads (minimum) 0.1 pip (EURUSD) 0.1 pip 0.3 pip
Trading Leverage (max) 500:1
Automated Trading, Scalping, and Hedging YES
  IC Markets Demo Accounts | IC Markets Real Accounts

IC Markets Fund Methods:

■ Wire transfers | ■ Credit Cards | ■ MoneyBookers Skrill | ■ WebMoney | ■ Neteller

IC MARKETS PAMM Accounts

IC Markets offers MAM/PAMM Account type via MT4: These are some basic features of the IC Markets PAMM Account:
  1. Proportional Equity and Balance Allocation
  2. Money Managers can alter parameters in real time
  3. Use any lot sizes (Mini, Micro and Standard Lot)
  4. Supports all order types
  5. Supports Forex Robots (EAs)
  6. Advanced reports are displayed to both money managers and their PAMM clients

CONTACT INFORMATION

IC Markets is a trading name of International Capital Markets Pty Ltd

Office address: Level 6 309 Kent Street Sydney, NSW 2000

Phone: +61 (0)2 8014 4280

IC MARKETS REVIEW PROS AND CONS (According to competition)

IC MARKETS REVIEW PROS & CONS

IC Markets Review PROS

IC Markets Review CONS

√ Tight spreads and normal trading commissions

√ Real ECN execution, 55 Forex Pairs

√ Automated Trading, Scalping, Hedging, FIX/API

√ Free VPS (minimum 100 round lots monthly)

√ Good variety of Trading Platforms

√ PAMM Accounts

√ Supports signals from SignalTrader and ZuluTrade

√ Regulation and Client Bank Account Segregation

X No trading promotions

IC Markets Review Conclusions:

IC Markets is an Australian-based ECN Forex Broker found in 2007. IC Markets focus on professional Forex traders and Forex scalpers by offering a wide Forex asset index, tight spreads, and fast execution. IC Markets is regulated by ASIC and provides account segregation via two Tier-1 Australian Banks.

The broker offers a very good variety of Forex assets (more than 55 pairs), plus metals, energies and equity index trading. There are many trading platforms available including MT4, MT5, and cTrader. Social trading via ZuluTrade and SignalTrader is supported plus there are mobile traders for iOS and Android. Automatic trading and Forex Scalping are fully allowed, plus there is a free VPS Hosting promotion for a minimum 100 lots monthly volume.

The trading spreads offered by IC Markets on the True ECN and on the cTrader account types are very tight, starting as low as 0.1 pips (EURUSD). On these two account types, IC Markets charges commissions of $7 / full traded lot. The standard account type offers spreads as low as 1.0 pip, without charging trading commissions. The minimum amount required to open a Standard or True ECN Account is just $200. cTrader account types require $1,000 deposits. There are quite a few fund methods available including cards, wire, skrill, WebMoney, etc.

IC Markets is not offering a Welcome bonus policy but Forex traders can claim a trading rebate via Forex-Rebates.com. IC Markets is ideal for day-trading and automated trading. The broker’s low latency on execution, tight spreads, and the onboard VPS hosting strengthen significantly the potential for scalping Forex successfully.

IC Markets Demo Accounts | IC Markets Real Accounts

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