IC Markets: About the Broker
IC Markets is a prominent CFD broker in the forex market, renowned for catering to large traders, scalpers, and automated trading enthusiasts. The platform executes approximately half a million trades daily for a global clientele of 100,000 traders, boasting an impressive 90% success rate.
History and Registration
Established in 2007 in Sydney by seasoned financiers with extensive experience in European, Asian, and American exchanges, IC Markets operates under the legal entity IC MARKETS (EU) LTD, registered in Cyprus. Accredited by the Cyprus Securities and Exchange Commission and the Financial Services Authority, the broker’s headquarters are situated in Seychelles. Contact possibilities include phone, email, and a round-the-clock feedback form. The broker’s websites are icmarkets.com and icmglobaltrading.com.
Trading Offerings
The platform presents traders with a choice of 3 account types: Standard, Raw Spread, and Raw Spread (cTrader).
- Standard Account: with a spread of 1.0, no commission per lot, a minimum deposit requirement of $200, access to 64 currency pairs, and leverage set at 1:200.
- Raw Spread: offering minimal spreads, commissions starting from $3 per lot, a minimum deposit starting from $200, tailored for day traders, scalpers, and algorithmic trading users.
- Islamic Account: featuring no swaps, a fixed daily rollover fee, leverage set at 1:500, and compatibility with MetaTrader 4 and 5 platforms.
Account Funding and Withdrawal
Traders can fund their accounts through various methods including bank transfers, cards, online banking, PayPal, and other options. IC Markets does not impose a commission, but clients are responsible for bank transfer fees. Deposits are processed instantly, and using the personal account is recommended.
Withdrawals are permitted until 19:00, with funds typically credited on the same day. Withdrawals to bank cards do not incur any commissions. For international bank transfers, a bank fee of 20 AUD is applicable.
Client Testimonials
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This review has been prepared by the specialists at ExpertsReview.