This broker is based out of Sidney Australia and has its headquarters at Level 6, 309 Kent Street Sydney, NSW 2000. The broker is run and owned by the company International Capital Markets PTY. It was founded in 2007 and have been competing as a top broker ever since. Its position as a well-known and reputable top online broker can be attributed to the fact that they offer the highest leverage around, combined with low fees and even lower spreads.
IC Markets are trying to reach far and wide in the financial world, trying to reach both ordinary retail clients and very high capital institutional investors. They have been offering solutions that were once only available to the top part of the investors with a high net worth. This has made them be able to bridge the gap between small fish and big fish of the investment arena. IC Markets mainly works in forex trading, which is where they have the most well assorted portfolio, but also offers some choice in indices, commodities and futures.
For almost a decade now, IC Markets have been regulated. The brokerage got their license and got regulated in 2009 by the ASIC (the Australian Securities & Investments Commission) with the license number 335692. As stated above IC Markets are one of the most reputable Brokers in online trading and that is not for nothing. ASIC are known as a very strict and responsible regulatory agency, and are known for upholding their tough guidelines and procedures for both IC Markets and others.
Furthermore IC Markets is a member of the FOS (Financial Ombudsman Service), which gives client the opportunity make complaints to and independent agency whom will resolve it fast and qualified. These two things combined give the users of IC Markets great security and protection in case any problems should arise. By taking these security measures IC Markets have secured a very high level of customer satisfaction.
IC Markets are great for the person who likes having something to choose from, because they offer not only one, not two, but three different platforms. By doing this they give clients numerous options of analysis methods and tools to fit their specific style or preference of trading.
This platform is the most used of the platforms. In this platform the trader can customize a lot of the markets analysis tools giving a nice personal touch for every user of the platform. The option to have 1-click trading likewise pulls a lot of traders to this platform, giving them an advantage in a quick and ever-changing market. You will be met by a lot of different technical indicators a long with an overflow of advance charting tools. The platform offers multiple Expert Advice and wide-ranging back-testing as well. The platforms app is available on both Android and Apple devices as well as any device connected to the internet through its web-based MetaTrader platform.
If you are familiar with the MetaTrader4 platform, this will be very recognizable as it is just an upgraded version. The upgrade is mostly focused around streamlining the visual part of the platform and few tool expansions.
The CTrader platform was made to fit the ECN trading atmosphere, and have been designed especially for this purpose. It contains multiple automated trading software, which will give the user more time for other types of trading. The types of auto trading available are; ZuluTrade, Signal Trader’s mirroring technology and Myfxbooks’s AutoTrader. The platform is available both on mobile desktops and through any given browser.
You can basically choose from 3 types of accounts at IC Markets; Standard, True ECN and cTrader ECN. The differences are small and they all basically offer the trader the same options and features. It can seem if so IC Markets have made these three options to play into the quality of the client having more choices. With The platform itself has very low spreads compared to its competition, with that said the “True ECN” account offer a marginally lower spread on trades.
IC Markets also offers a practice kind of account where traders can fine tune their trading skills with virtual money in a live action market, with corresponds to the actual market. This is a great opportunity to either try out new strategies or a great way in for people who are new to the trading world and want to dip their toes in it risk free.
There are no shortcomings to the asset list that IC Markets offer their traders, with a varied array of assets and instruments nobody is left disappointed. the lists include over 80 different instruments such as currency pairs, stocks, commodities, futures, precious metals, CFDs on indices and some of the most traded crypto currencies.
The vast majority of the assets IC Markets have available are Forex, with currency pairs marking up the bulk of tradable assets. They back up their Forex options with leverage that go as high as 500:1 and with lot sizes from only 0.01, with a max size of 1 and the ability to trade several lots at the time. The platform cTRader allows you to reduce your spread to 0.0, which will minimize spread cost but also commission, which could be useful for regular traders. Overall the spread of IC Markets are tremendously low, clicking in at 0.1 pips on EUR/USD. These factors combined can rise the profits for at frequent daytrader significantly.
Now getting to a major positive trait of IC Markets, which is their customer service. IC Markets offer a day around, 5 days a week live chat, global telephone and email support service, and as that was not enough its multilingual. And if you go to their website you will be able to find a very well assorted FAQ to answer most of your questions.
When you want to deposit money into their platform you will have a wide variety of options. IC Markets take ten different currencies including; CHF, HKD, JPY, AUD, USD, EUR, CAD, GBP, SGD, and NZD. You can make the deposit from both credit and debit cards of most type, Bank Wire Transfers, Broker to Broker transfer, Branch Cash Deposit, BPay Deposit, PayPal, Skrill, Neteller, WebMoney, QIWI, China Union Pay, and FasaPay. The deposits are very fast and mostly instant.
When wanting to withdrawal money it can be done through most of the same methods you can deposit through. Using either domestic bank transfers or an e-wallet will usually be the fastest though, taking around a single bank to process plus they are free. Any international transfers will take up to 5 banking days and be a little expensive, costing the client $25 AUD.
Accepted; Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Not accepted; United States, Canada, Zimbabwe, Iran, Iraq, Ghana, Cote D’Ivoire, Cuba, Liberia, Niger, Togo.