2023 Icmarkets Holiday Calendar 🔴9 AMAZING SECRETS

Uncover why ICM is a favored trading platform in 2023. Obtain an comprehensive examination at its features, advantages & disadvantages, and a comparison with the leading 10 competitors.

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Intro

IC Markets is a prominent trading platform that provides extraordinary services to both retail and institutional customers since 2007. This evaluation will explore the platform’s attributes, its advantages and disadvantages, and how it compares to its best 10 contenders. Additionally, we will also tackle the most FAQs about ICM, giving a thorough resource to help you make an educated decision about your platform of choice.

IC Markets Overview

Established in 2007, based in Sydney, Australia Regulated by ASIC, CySEC, and FSA Features a broad variety of trading instruments, consisting of Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

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Reasons to Choose IC Markets?

  • Aggressive spreads and reduced fees
  • Several trading platforms available
  • Exceptional customer support
  • Fast order execution
  • Top-quality trading tools and resources

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • Easy-to-use interface
  • Wide selection of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Mobile phone trading available on iOS and Android

MetaTrader 5 (MT5){Advanced} variant of MT4

  • Extra technical indicators and timeframes
  • Financial calendar incorporated
  • DOM attribute
  • Risk management allowed

cTrader

  • Designed for CFD and Forex trading
  • Contemporary and user-friendly interface
  • Advanced charting tools
  • Personalized workspace

Trading Instruments

  • Forex: Over 60 currency pairs
  • Indexes: 23 key global indexes
  • Products: Valuable metals, energy, and agricultural products
  • Digital currencies: Bitcoin, ETH, LTC, and extra
  • Fixed income: Government bonds from significant countries
  • Futures: Accessibility to global futures exchanges

Account Types

  • Typical Account
  • Raw Spread Account
  • Interest-free Account

IC Markets funding options

To get the most recent and precise information, it is consistently best to check out the IC Markets website or contact its customer service team.

Up to my last update, IC Markets gave the next funding methods to fund your trading account:

Wire Transfer

You can transfer funds directly from your bank to your IC Markets profile. This method might require a couple of working days to process.

Credit and Debit Cards

IC Markets takes major credit and debit cards, such as Visa card and Mastercard, for fund transfers. Such operations are usually handled instantly.

Electronic Payment Systems

IC Markets accepts several well-known e-wallets and payment platforms, including but not limited to:

  • PayPal system
  • Neteller
  • Skrill system
  • FasaPay
  • UnionPayWebMoney platform

Local Bank Transfers

Within some countries, IC Markets provides the option of local bank transfers, where you can deposit funds directly from local bank account to your trading profile with no incurring.

Broker-to-Broker Transfer

In case you’re moving from a different firm to IC Markets, you might be able to transfer your money straight between the two of the firms.

Keep in mind that the accessibility of these funding methods might differ depending on your country, and there additional methods or alterations in the deposit methods.

It’s crucial to examine the website of IC Markets or contact its support for the most up-to-date and accurate information on offered deposit methods.

Additionally, when adding funds to your account, kindly consider the below:

Fees

Certain funding options may incur fees

Make sure to check whether IC Markets or the payment service charges any fees to the specific funding option you select.

Processing time

Although many deposit methods are immediate or near-instant, certain methods like bank wire transfers might require multiple working days to finalize.

Currency

IC Markets typically provides trading accounts in various denominations, like USD, EUR, AUD,GBP, as well as others. Ensure to select the correct currency to reduce exchange fees while depositing funds.

Verification process

In accordance with regulatory requirements, IC Markets may ask you submit ID documents as well as proof of residence before you are able to fund your account & begin trading. Verify that your profile has been completely verified to prevent any potential issues in depositing and taking out funds.

Remember to check the website of IC Markets or get in touch with its customer service for the most recent and precise data concerning deposit options, fees, as well as timeframes.

Advantages and Disadvantages of ICM

Benefits

  • Broad variety of trading instruments
  • Attractive spreads & minimal fees
  • Option of trading platforms
  • Speedy and dependable execution
  • Outstanding customer support

Cons

  • Not offering fixed spread accounts
  • Insufficient educational resources aimed at beginners
  • Inactivity fee following 12 months of non-activity

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ICM vs. Top Ten Rivals

IC Markets vs. eToro

ICM and e-Toro are both prevalent online trading services, both with its own set of pros and drawbacks. ICM is celebrated for its low spreads and rapid execution, making it ideal for professional traders and scalpers. Moreover, its support for a more extensive range of trading instruments and complex trading tools caters to {experienced|seasoned investors. On the other hand, eToro’s user-friendly platform and social trading features cater to novices and casual traders. Its copy trading functionality allows users to imitate the approaches of successful traders. However, e-Toro’s increased fees and limited customization options may dissuade more experienced traders from the platform.

ICM vs. Plus500

ICM and Plus500 are both respected online trading platforms, each offering exclusive pros and drawbacks to traders. ICM is favored for its low spreads, rapid trade execution, and advanced trading tools, making it a well-liked choice among professional traders and scalping traders. Plus-500, on the other hand, is known for its user-friendly and accessible platform, making it appropriate for novices. Plus500 also offers a more extensive range of trading instruments, including index CFDs, shares, and exchange-traded funds. Nevertheless, its higher spreads and reduced platform customization options may be less appealing to pro traders compared to ICM’s more complex offerings.

ICM vs. XM

ICM and XM are both highly regarded online trading platforms, each with distinct advantages and disadvantages. IC Markets is valued for its low spreads, rapid execution, and complex trading tools, appealing to pro traders and scalpers. In comparison, XM is known for its diverse account types,accommodating traders with diverse experience levels and investment amounts. XM also boasts superb customer support and a wide range of educational resources for beginner traders. Nonetheless, IC Markets surpasses XM in terms of variety of trading instruments and platform customization. While both platforms have their strengths, traders must weigh their specific needs and targets when choosing between them.

IC Markets vs. Forex.com

IC Markets and Forex.com are both prominent online trading services, each with unique benefits and drawbacks. ICM is esteemed for its low spreads, quick trade execution, and advanced trading tools, making it an attractive option for seasoned traders and scalpers. On the other hand, Forex.com offers a extensive range of trading instruments, including foreign exchange, indexes, commodity markets, and crypto assets, appealing to a wider audience. Forex.com also offers extensive educational materials for beginners. However, its platform may not be as intuitive as IC Markets’, and it tends to have increased fees. In the end, traders should take into account their personal preferences and preferences when selecting between these two platforms.

ICM vs. IG

ICM and IG are both reputable online trading platforms, each presenting different pros and drawbacks. IC Markets is famous for its competitive spreads, quick trade execution, and complex trading tools, making it a favored choice for pro traders and scalpers. Conversely, IG boasts a wider range of tradeable instruments, including stocks, forex,commodities, and digital currencies, appealing to varied investor preferences. IG also offers an extensive suite of learning materials and a intuitive platform appropriate for newcomers. Nevertheless, IG’s increased fees may dissuade price-sensitive traders. When making a decision between the two platforms, traders should evaluate their personal needs and trading objectives.

IC Markets vs. Pepperstone

ICM and Pepperstone are both respected online trading services, each with its own array of advantages and disadvantages. IC Markets is recognized for its reduced spreads, rapid trade execution, and complex trading tools, making it an optimal option for seasoned traders and scalpers. On the other hand, Pepperstone is celebrated for its superb customer support and intuitive platform, appealing to traders of all levels. Furthermore, Pepperstone offers a variety of account types, catering to different trading styles and investment sizes. Yet, IC Markets provides a more extensive range of trading instruments. Traders should consider their particular requirements and interests when selecting between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both notable online trading platforms, each with distinct advantages and disadvantages. IC Markets is famed for its minimal spreads, speedy trade execution, and advanced trading tools, making it a popular choice among professional traders and scalping traders. On the other hand, Saxo Bank offers a wide-ranging range of trading instruments, including forex, shares, bonds, exchange-traded funds, and more, appealing to traders with diverse hobbies. Furthermore, Saxo Bank provides a advanced platform with in-depth research tools and a robust focus on safety. However, Saxo Bank’s elevated fees and required minimum deposits may deter cost-conscious traders, who may favor IC Markets’ simpler offerings.

ICM vs. FXCM

IC Markets and FXCM are both reputable trading platforms, each offering different pros and disadvantages to investors. IC Markets is known for its narrow spreads, rapid trade execution, and complex trading tools, making it a popular choice among professional traders and scalping traders. Conversely, FXCM offers a intuitive platform and a vast range of educational resources, making it more suitable for novice traders. Additionally, FXCM offers a selection of trading instruments, including foreign exchange, indexes, and commodities. However, its elevated fees and spreads may be less appealing to cost-conscious traders in comparison to ICM’s superior pricing model. Users should take into account their individual needs and preferences when selecting between these two platforms.

ICM vs. OANDA

ICM and OANDA are both trusted online trading platforms, each with its unique collection of advantages and cons. IC Markets is praised for its low spreads, fast trade execution, and sophisticated trading tools, making it an alluring option for experienced traders and scalping traders. Conversely, OANDA offers a intuitive platform and a vast range of educational resources, appealing to traders at all experience levels. Moreover, OANDA provides adjustable trade sizes and robust regulatory oversight. Nonetheless, its spreads and fees may be less competitive compared to ICM. When choosing between these two platforms, traders should evaluate their personal interests and investment objectives.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both leading trading platforms, each presenting different advantages and drawbacks. ICM is celebrated for its tight spreads, fast trade execution, and advanced trading tools, making it an perfect choice for experienced traders and scalping traders. On the other hand, AvaTrade offers a simple-to-use platform, a wide range of educational resources, and a wide array of trading instruments, catering to traders of different experience levels. However, AvaTrade’s fees and spreads may be less competitive than what is offered by IC Markets. When deciding between the two platforms, traders should evaluate their specific requirements and interests to arrive at the optimal choice.

 

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Frequently Asked Questions (FAQs)

Is ICMarkets a authorized broker?
Affirmative, IC Markets is governed by the ASIC, the Cyprus Securities and Exchange Commission, and the FSA in {Seychelles}.

How do I create an account with IC Markets?
To open an trading account with IC Markets, browse their website and press on “Start an Account.” Fill in the necessary information, submit your identification documents, and finish the confirmation process.

What is the minimum deposit for ICMarkets?
The lowest deposit for IC Markets is $200 or its equivalent in your base money.

Am I able to use ICMarkets in the USA?
ICMarkets doesn’t accept customers from the USA because of regulatory limitations.

What trading platforms does IC Markets provide?
ICMarkets features MetaTrader 4, MT5, and {cTrader} platforms.

What financial instruments can I trade on ICMarkets?
You are able to trade Forex, contracts for difference, {commodities}, {indices}, digital currencies, {bonds}, and {futures} on ICMarkets.

Does IC Markets offer a practice account?
Yes, ICMarkets provides a complimentary practice account that lets you test investing with imaginary funds and use all features of the trading platform.

What kinds of trading accounts can IC Markets offer?
ICMarkets provides three sorts of accounts: Standard, Raw Spread, and Islamic.

How can ICMarkets earn money?
IC Markets makes money via bid-ask spreads, fees on particular account types, and charges for additional features such as Virtual Private Server hosting or external applications.

How am I able to reach IC Markets’ customer service?
You can reach ICMarkets’ support by live chat, {email}, or phone. Their customer support team is accessible 24/7.

Final thoughts

ICMarkets is a respected as well as strongly regulated platform that offers a broad selection of financial instruments, favorable {spreads}, and a variety of advanced platforms.

The platform is particularly appropriate for seasoned investors, but novices might find its learning materials limited. In general, ICMarkets is a reliable choice for investors looking for a reliable and feature-rich trading platform.

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