Ic Market Closed 🔴3 HIDDEN TIPS

Learn why IC Markets is a sought-after trading platform in 2023. Acquire an comprehensive view at its attributes, benefits & drawbacks, and a comparison with the best 10 contenders.

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Introduction

IC Markets is a leading trading platform that provides excellent solutions to both retail and institutional clients ever since 2007. This assessment will explore the platform’s capabilities, its benefits and drawbacks, and how it compares to its top 10 opponents. We will will also discuss the most FAQs about ICM, offering a comprehensive resource to help you make an knowledgeable choice about your trading platform of choice.

ICM Overview

Established in 2007, based in Sydney, Australia Regulated by ASIC, CySEC, and FSA Features a extensive range of trading instruments, including Forex, CFDs, commodities, indices, and cryptocurrencies.

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Reasons to Opt for ICM?

  • Aggressive spreads and low fees
  • Multiple trading platforms available
  • Excellent customer support
  • Fast order execution
  • Superior trading tools and resources

ICM Trading Platforms

MetaTrader 4 (MT4)

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

MetaTrader 5 (MT5){Advanced} version of MT4

  • Extra technical indicators and timeframes
  • Financial calendar incorporated
  • Depth of market function
  • Hedging allowed

cTrader

  • Tailored for CFD and Forex trading
  • Modern and easy-to-use interface
  • Enhanced charting tools
  • Customizable workspace

Instruments for Trading

  • Foreign exchange: Over sixty currency pairs
  • Indices: 23 significant global indexes
  • Commodities: Precious metals, energy, and agricultural items
  • Crypto assets: BTC, ETH, Litecoin, and additional
  • Bonds: Govt. bonds of major countries
  • Futures contracts: Accessibility to worldwide futures markets

Types of Accounts

  • Regular Account
  • Tight Spread Account
  • Swap-free Account

IC Markets funding options

For the most up-to-date and correct data, it is consistently best to visit the IC Markets website or get in touch with its customer support team.

As of my last update, IC Markets gave the following funding options to fund your trading account:

Bank Wire Transfer

You can transfer money directly from bank account to your IC Markets trading profile. This method might require a several working days to complete.

Credit and Debit Cards

IC Markets accepts major credit and debit cards, like Visa card and Mastercard card, for fund transfers. Such operations are usually handled immediately.

Electronic Payment Systems

IC Markets accepts several famous electronic wallets and online payment systems, such as but not limited to:

  • PayPal system
  • Neteller
  • Skrill system
  • FasaPay
  • UnionPay systemWebMoney

Domestic Bank Transfers

In certain regions, IC Markets provides the choice of domestic bank-to-bank transfers, in which you can transfer funds straight from your local bank to your trading account without incurring.

Broker Transfer

If you’re moving from a different firm to IC Markets, you might have the ability to transfer your funds directly among the two of the firms.

Please note that the availability of such funding options might vary depending on your country of residence, and there may be more options or alterations in the funding options.

It is important to check the website of IC Markets or get in touch with its customer support to get the most up-to-date and precise details on offered deposit options.

Furthermore, when adding money to your IC Markets account, please be aware of the following:

Fees

Certain deposit methods might incur fees

Make sure to check whether IC Markets or the payment provider charges any fees to the specific deposit method you choose.

Processing time

While several funding options are instant or near-instant, certain options like bank wire transfers may take multiple business days to complete.

Currency

IC Markets typically offers accounts in various denominations, like US dollars, Euros, AUD,GBP, and others. Be sure to select the right currency to decrease exchange fees while adding money.

Account verification

In compliance with regulatory requirements, IC Markets may ask you to give ID documents and address verification prior to you can fund your account & begin investing. Make sure that your profile has been completely approved to prevent any potential issues in depositing or taking out money.

Remember to visit the IC Markets website or get in touch with their customer service to obtain the most up-to-date and correct data about deposit options, charges, as well as processing times.

Benefits and Drawbacks of ICM

Pros

  • Wide variety of trading instruments
  • Attractive spreads and reduced fees
  • Option of trading platforms
  • Prompt and reliable execution
  • Excellent customer support

Disadvantages

  • No fixed accounts
  • Limited educational resources targeted at beginners
  • Idle fee after 12 months of non-activity

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ICM vs. Top 10 Rivals

IC Markets vs. e-Toro

ICM and eToro are both famous online trading platforms, both with its own array of pros and disadvantages. ICM is renowned for its low spreads and rapid execution, making it optimal for pro traders and scalping traders. Furthermore, its support for a broader range of instruments and sophisticated trading tools caters to {experienced|seasoned investors. Conversely, eToro’s user-friendly platform and social trading features appeal to novices and casual traders. Its copy-trading functionality enables users to mirror the strategies of successful traders. However, eToro’s higher fees and limited customization options may discourage more experienced traders from the platform.

IC Markets vs. Plus-500

ICM and Plus-500 are both reputable trading platforms, each providing exclusive benefits and disadvantages to traders. ICM is preferred for its minimal spreads, fast trade execution, and advanced trading tools, making it a favored choice among professional traders and scalping traders. Plus500, on the other hand, is noted for its straightforward and user-friendly platform, making it suitable for beginners. Plus500 also offers a broader range of trading instruments, including index CFDs, shares, and ETFs. However, its increased spreads and limited platform customization options may be less attractive to seasoned traders compared to IC Markets’ more complex offerings.

ICM vs. XM

ICM and XM are both well-regarded online trading platforms, each with different pros and cons. IC Markets is valued for its narrow spreads, quick execution, and advanced trading tools, appealing to experienced traders and scalping traders. In comparison, XM is famed for its varied account types,accommodating traders with varying experience levels and capital sizes. XM also boasts outstanding customer support and a vast range of educational materials for new traders. Yet, IC Markets surpasses XM in terms of variety of trading instruments and platform customization. While both platforms have their merits, traders must consider their personal needs and goals when deciding between them.

ICM vs. Forex.com

ICM and Forex.com are both prominent online trading platforms, each with unique advantages and weaknesses. ICM is esteemed for its minimal spreads, fast trade execution, and complex trading tools, making it an enticing option for pro traders and scalping traders. On the other hand, Forex.com offers a comprehensive range of trading instruments, including foreign exchange, indexes, commodities, and crypto assets, catering to a more diverse audience. Forex.com also provides comprehensive educational materials for newcomers. Nevertheless, its platform may not be as user-friendly as ICM’s, and it has a tendency to have increased fees. Ultimately, traders should weigh their personal requirements and interests when choosing between these two platforms.

ICM vs. IG

ICM and IG are both established trading platforms, each presenting distinct advantages and drawbacks. IC Markets is recognized for its low spreads, rapid trade execution, and sophisticated trading tools, making it a favored choice for professional traders and scalping traders. On the other hand, IG features a wider range of tradable instruments, including stocks, forex,commodities, and digital currencies, appealing to wide-ranging investor preferences. IG also offers an comprehensive suite of educational resources and a easy-to-use platform appropriate for newcomers. Nonetheless, IG’s higher fees may dissuade cost-conscious traders. When making a decision between the two platforms, traders should evaluate their personal needs and trading goals.

IC Markets vs. Pepperstone

IC Markets and Pepperstone are both reputable online trading services, each with its own array of advantages and cons. IC Markets is known for its minimal spreads, fast trade execution, and complex trading tools, making it an optimal option for professional traders and scalpers. On the other hand, Pepperstone is acclaimed for its superb customer support and user-friendly platform, catering to traders of all levels. Additionally, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. Nonetheless, ICM provides a broader range of trading instruments. Traders should take into account their particular demands and tastes when selecting between these two platforms.

ICM vs. Saxo Bank

IC Markets and Saxo Bank are both prominent online trading platforms, each with unique advantages and cons. IC Markets is renowned for its low spreads, quick trade execution, and complex trading tools, making it a preferred choice among experienced traders and scalpers. In contrast, Saxo Bank offers a wide-ranging range of trading instruments, including forex, shares, fixed income, exchange-traded funds, and additional instruments, catering to investors with varied interests. Additionally, Saxo Bank provides a complex platform with in-depth research tools and a solid focus on security. Nonetheless, Saxo Bank’s higher fees and required minimum deposits may dissuade budget-minded traders, who might prefer IC Markets’ simpler offerings.

IC Markets vs. FXCM

IC Markets and FXCM are both reputable trading platforms, each offering different pros and cons to traders. ICM is known for its narrow spreads, rapid trade execution, and complex trading tools, making it a preferred choice among professional traders and scalping traders. In contrast, FXCM features a easy-to-use platform and a broad range of educational resources, making it better suited for new traders. Moreover, FXCM offers a selection of trading instruments, including forex, indexes, and commodity markets. Nonetheless, its increased fees and spreads may be less attractive to cost-conscious traders relative to ICM’s more competitive fees. Investors should consider their individual requirements and priorities when choosing between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both well-regarded online trading services, each with its distinct set of advantages and cons. ICM is celebrated for its reduced spreads, speedy trade execution, and advanced trading tools, making it an appealing option for pro traders and scalping traders. In contrast, OANDA offers a intuitive platform and a broad range of learning materials, catering to traders at all skill levels. Additionally, OANDA provides flexible trade sizes and solid regulatory compliance. However, its spreads and fees may be not as favorable in comparison to ICM. When deciding between these two platforms, traders should evaluate their specific preferences and trading objectives.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both prominent trading platforms, each presenting different advantages and cons. IC Markets is famous for its low spreads, rapid trade execution, and sophisticated trading tools, making it an ideal choice for professional traders and scalpers. On the other hand, AvaTrade offers a simple-to-use platform, a wide range of educational materials, and a wide selection of trading instruments, appealing to traders of varying experience levels. But, AvaTrade’s fees and spreads may be not as attractive than those offered by IC Markets. When making a decision between the two platforms, traders should take into account their individual needs and interests to arrive at the optimal choice.

 

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Commonly Asked Questions (FAQs)

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

How can I set up an trading account with IC Markets?
To open an account with ICMarkets, visit their website and press on “Start an Account.” Provide the necessary info, provide your identification papers, and finalize the confirmation process.

What is the lowest deposit for IC Markets?
The lowest deposit for IC Markets is $200 or its corresponding in your local currency.

Am I able to use ICMarkets in the US?
ICMarkets doesn’t allow clients from the United States due to legal restrictions.

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

What financial instruments can I trade on IC Markets?
You may invest in Forex, CFDs, {commodities}, {indices}, cryptocurrencies, {bonds}, and {futures} on IC Markets.

Does ICMarkets offer a demo account?
Indeed, IC Markets offers a complimentary demo account that enables you to test trading with imaginary money and use all features of the platform.

What kinds of accounts can IC Markets offer?
ICMarkets offers 3 types of accounts: Standard Account, Raw Spread, and Islamic (Swap-free) Account.

In what way does IC Markets earn money?
ICMarkets earns money through bid-ask spreads, commissions on specific account types, and fees for extra features such as VPS hosting or third-party tools.

In what way am I able to reach ICMarkets’ support?
You can get in touch with IC Markets’ support via chat, {email}, or phone. Their customer support team is available around the clock.

Conclusion

ICMarkets is a respected as well as well-regulated platform that provides a vast selection of financial instruments, favorable {spreads}, and a selection of advanced platforms.

The platform is especially appropriate for seasoned traders, but beginners might find its learning materials restricted. Overall, IC Markets is a reliable selection for investors seeking a dependable and fully-featured trading platform.

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