IC Markets Broker Review Forex & Stock Trading at IC Markets

Use our comparison tool to compare two brokers based on their trust rating, costs, features, platforms and many other aspects. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. The radar chart to the left shows how important each category is when calculating a broker’s final score. IC Markets provides a daily, updated market analysis blog featuring all the latest market movements.

IC Markets Review: Customer Service Experience

Yesterday I had an issue about some accounts I needed to delete and they helped me succesfully.Today I had some questions about lots on XAUUSD and RawSpread and Standard accounts and they solved it fast. This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

$100 Minimum Deposit

Yes, IC Markets is regulated by ASIC in Australia, CySEC for Europe and FSA based in Seychelles for all other countries. These financial regulators all require you keep your funds in a segragated trading accont. This comprehensive approach ensures the review is grounded in actual data and real-world trading scenarios, providing a reliable and accurate assessment of IC Markets’ fees. IC Markets is considered one of the Best Forex Brokers In Europe as well as one of the Best Forex Brokers In Australia. It has tier 1 regulation with ASIC and CySEC and our 2025 spread table found IC Markets has the lowest spreads on the most traded forex pairs. When trading share CFDs, you speculate on the price movements of shares without owning them, whereas the new share trading facility enables the actual purchase of company shares.

IC Markets, founded in 2007, is https://traderoom.info/ic-markets-forex-broker/ an Australian-based forex and CFD broker that has made a significant impact on the global trading landscape. Known for offering competitive spreads and cutting-edge technology, IC Markets caters to retail and institutional traders alike. IC Markets is a highly reputable and competitive forex broker that caters to both retail and institutional traders. With its advanced trading platforms, low spreads, and range of tools and educational resources, it offers a great trading environment for traders of all levels.

Is IC Markets appropriate for day traders, scalpers, and discretionary traders?

IC Markets will charge a commission of $7.0 for 1 Lot, per round turn (open and close of trade) on its Raw Spread Account. We should note that IC Markets will also conduct a suitability test, where you will be asked to provide info about your employment and income as well as trading knowledge and experience. Safety and trust are paramount in the realm of online trading, and IC Markets excels in both. Both brokers are excellent choices…we suggest you take a look at our Pepperstone Review and IC Markets vs Pepperstone pages to find out more. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.

To gain more insight into the platforms so you can pick the best one, we will get into some detail. MetaTrader clients can choose to get either MetaTrader 4 or MetaTrader 5 on the web, mobile devices, and desktop. By looking carefully at each of the accounts and what they can offer you, it will be easy to decide which one works for you.

• Starting his career on Wall Street, he quickly realized his passion for writing and finance, working with a national publication for a decade.
• Before opening an IC Markets brokerage account, check out reviews for deposits and withdrawal methods.
• IC Markets does not participate in an investor compensation fund, which is something traders should be aware of.
• Seychelles regulations is not as good as CySEC or ASIC regulation but it is acceptable if you can’t use a broker using the financial regulator for your country.
• Safety and trust are paramount in the realm of online trading, and IC Markets excels in both.
• Depending on the method you use, your withdrawals and deposits are processed in 2 to 3 days.

Our research for this IC Markets review finds that you will get three main types of accounts to choose from. Overall, IC Markets fees are not very different from other brokers, aside from the high financing rates. If you find any IC Markets bonus offers, you should check them out first before you click on them. It is better to get any rewards from the brokerage firm, instead of third-parties. Obviously, traders will not be able to purchase actual crypros through the broker, just as they won’t be able to acquire actual gold or oil either. IC Markets support a plethora of deposit methods, making sure that everyone can make a deposit at the site, regardless of where he/she lives.

However, you should bear in mind that there may be charges on transfers to and from international banks, for which IC Markets will not have any responsibility. IC Markets offers extremely tight spreads, reasonable commissions and there are no extra fees on top of overnight financing charges. Additionally, you will incur no non-trading costs, which is another huge plus. The platforms provided by IC Markets come equipped with advanced charting tools, empowering traders with robust technical analysis capabilities.

Furthermore, IC Markets’ diverse range of trading instruments, including over 60 currencies, cryptocurrencies, and CFDs, offers traders numerous possibilities to diversify their portfolios. IC Markets supports a variety of deposit and withdrawal methods, including credit and debit cards, bank wire transfers, and online payment systems such as PayPal, Skrill, and Neteller. The broker processes deposits and withdrawals quickly, with most transactions being processed within 24 hours. These accounts are swap-free, meaning that traders do not pay or receive overnight interest, which is prohibited in Islamic finance. Islamic accounts are available for both Standard and Raw Spread accounts, with the same features and conditions.

There is a mark-up (of 0.8 pips) to the average spread on IC Markets’ Standard Account to cover the costs of trading. Once you have filled the profile form and uploaded your identifying documentation, you will have to wait until the brokerage verifies your account. The lack of FCA regulation means that clients will not be able to receive compensation of up to GBP 85,000 from the Financial Services Compensation Scheme (FSCS) in an event of broker insolvency. However, under CySEC regulation, EU clients will be compensated by the Cyprus Investor Compensation Fund (ICF) for an amount of up to EUR 20,000, if IC Markets’ EU arm fails to meet its financial obligations. IC Markets adopts a competitive and transparent fee structure, designed to cater to traders with varying needs.

IC Markets Trading Instruments & Products

It supports some 64 currency pairs, it allows for one-click trading and for all trading styles. IC Markets is a true ECN broker, meaning that its execution and unaltered prices are its top selling points. They offer some of the lowest spreads in the business, and their fills are better than most of their competitors’.

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). IC Markets has a good range of content for beginner as well as advanced traders, with over 100 written articles and dozens of videos.

Founded 17+ years ago in Australia, IC Markets remains a trusted global FX and CFD broker with a strong track record. The brokerage firm prioritizes high-regulatation, safe execution policies, and security requirements adherence. An experienced media professional, John has a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.