Ic Market Spread 🔴7 SURPRISING FACTS

Discover why ICM is a well-known trading platform in 2023. Obtain an in-depth examination at its attributes, pros and cons, and a evaluation with the leading 10 opponents.

ic markets broker 2

Intro

ICM is a prominent trading platform that has been providing superb offerings to equally retail and institutional clients ever since 2007. This review will investigate the platform’s characteristics, its pros and cons, and the way it stacks up to its best 10 opponents. We shall also discuss the very frequently asked questions about IC Markets, providing a thorough resource to help you formulate an knowledgeable decision about your trading platform of choice.

IC Markets Overview

Founded in 2007, headquartered in Sydney, Australia Supervised by ASIC, CySEC, and FSA Offers a broad array of trading instruments, consisting of Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

Create an account >

Reasons to Select IC Markets?

  • Aggressive spreads and reduced fees
  • Several trading platforms accessible
  • Superb customer support
  • Fast order execution
  • Premium trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

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

MetaTrader 5 (MT5){Advanced} variant of MT4

  • Further technical indicators and timeframes
  • Financial calendar integrated
  • Depth of market feature
  • Hedging allowed

cTrader

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

Trading Instruments

  • Foreign exchange: More than sixty currency pairs
  • Indices: 23 key global indexes
  • Products: Precious metals, energy, and agricultural products
  • Digital currencies: BTC, ETH, LTC, & extra
  • Bonds: Govt. bonds from major countries
  • Futures: Access to international futures exchanges

Account Types

  • Standard Account
  • Tight Spread Account
  • Swap-free Account

IC Markets deposit methods

To get the most recent and precise details, it is consistently recommended to check out the IC Markets website or get in touch with its support staff.

As of my last update, IC Markets offered the next funding options to fund your investment account:

Wire Transfer

You can transfer funds straight from your bank account to your IC Markets account. This technique may take a few working days to process.

Credit and Debit Cards

IC Markets accepts major credit/debit cards, such as Visa card and Mastercard card, for deposits. Such transactions are handled instantly.

Electronic Payment Systems

IC Markets accepts various popular e-wallets and payment platforms, such as among others:

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

Local Bank Transfers

Within certain regions, IC Markets provides the option of domestic bank-to-bank transfers, where you can deposit money straight from your domestic bank account to your investment account with no international transaction fees.

Broker-to-Broker Transfer

If you’re switching between a different firm to IC Markets, you may have the ability to transfer your funds straight among the two of the brokers.

Please note that the availability of these funding options might differ depending on your country, and there additional methods or changes in the funding options.

It is essential to examine the website of IC Markets or contact its customer service to get the most up-to-date and accurate data on available funding methods.

Additionally, while adding money to your IC Markets account, kindly note the following:

Fees

Some funding options may incur charges

Ensure to examine if IC Markets or the payment service charges fees for the specific funding option you pick.

Processing time

While many deposit methods are instant or near-instant, certain options such as bank wire transfers may require multiple working days to complete.

Currency

IC Markets typically offers trading accounts in various currencies, like US dollars, Euros, Australian dollars,British pounds, as well as others. Be sure to select the right currency to minimize conversion fees when depositing money.

Account verification

In accordance with regulations, IC Markets might require you provide ID documents and address verification before you are able to fund your account & begin investing. Make sure that your profile is fully verified to prevent any issues in adding or taking out money.

Remember to check the website of IC Markets or contact their customer service for the most up-to-date and correct information concerning deposit options, charges, and processing times.

Advantages and Disadvantages of ICM

Pros

  • Wide range of trading instruments
  • Low spreads & reduced fees
  • Choice of trading platforms
  • Speedy & reliable execution
  • Superb customer support

Cons

  • No fixed accounts
  • Insufficient educational resources targeted at beginners
  • Dormancy fee after twelve months of non-activity

Visit ICMarkets >

IC Markets vs. Top 10 Competitors

ICM vs. eToro

IC Markets and eToro are both prevalent trading platforms, each with their own collection of advantages and disadvantages. ICM is famed for its reduced spreads and rapid trade execution, making it ideal for pro traders and scalping traders. Moreover, its support for a broader range of instruments and advanced trading tools caters to {experienced|seasoned investors. Conversely, e-Toro’s easy-to-use platform and social trading capabilities cater to newcomers and occasional traders. Its copy trading functionality permits users to emulate the tactics of accomplished traders. However, eToro’s increased fees and restricted customization options may deter more seasoned traders from the platform.

IC Markets vs. Plus-500

IC Markets and Plus500 are both respected online trading services, each offering distinct pros and disadvantages to traders. IC Markets is liked for its minimal spreads, fast trade execution, and advanced trading tools, making it a favored choice among experienced traders and scalping traders. Plus500, on the other hand, is noted for its straightforward and user-friendly platform, making it ideal for newcomers. Plus500 also offers a broader range of trading instruments, including CFDs on indices, shares, and exchange-traded funds. However, its increased spreads and limited platform customization options may be less appealing to seasoned traders compared to ICM’s more sophisticated offerings.

ICM vs. XM

IC Markets and XM are both highly regarded online trading services, each with unique advantages and disadvantages. ICM is valued for its tight spreads, rapid execution, and advanced trading tools, appealing to professional traders and scalpers. In comparison, XM is famed for its wide-ranging account types,catering to traders with different experience levels and investment amounts. XM also boasts superb customer support and a vast range of educational resources for novice traders. Yet, IC Markets surpasses XM in terms of variety of trading instruments and platform customization. While both platforms have their advantages, traders must assess their individual requirements and goals when deciding between them.

ICM vs. Forex.com

IC Markets and Forex.com are both well-known trading platforms, each with particular strengths and drawbacks. IC Markets is valued for its minimal spreads, fast trade execution, and sophisticated trading tools, making it an appealing option for seasoned traders and scalping traders. On the other hand, Forex.com offers a wide-ranging range of trading instruments, including forex, indexes, commodity markets, and digital currencies, appealing to a broader audience. Forex.com also supplies comprehensive learning materials for newcomers. Nevertheless, its platform may not be as intuitive as IC Markets’, and it has a tendency to have elevated fees. Ultimately, traders should weigh their personal preferences and priorities when choosing between these two platforms.

ICM vs. IG

IC Markets and IG are both reputable trading platforms, each providing distinct pros and drawbacks. ICM is recognized for its attractive spreads, quick trade execution, and complex trading tools, making it a favored choice for seasoned traders and scalpers. On the other hand, IG boasts a broader range of tradable instruments, including stocks, forex,commodity markets, and crypto assets, appealing to wide-ranging investor preferences. IG also offers an broad suite of educational materials and a easy-to-use platform ideal for novices. Nevertheless, IG’s higher fees may discourage cost-conscious traders. When making a decision between the two platforms, traders should evaluate their individual needs and investment goals.

IC Markets vs. Pepperstone

IC Markets and Pepperstone are both reputable online trading services, each with its own range of pros and disadvantages. IC Markets is recognized for its minimal spreads, quick trade execution, and sophisticated trading tools, making it an optimal option for seasoned traders and scalping traders. On the other hand, Pepperstone is acclaimed for its superb customer support and user-friendly platform, catering to traders of all levels. Moreover, Pepperstone offers a selection of account types, accommodating different trading styles and investment amounts. Nonetheless, IC Markets provides a more extensive range of trading instruments. Traders should weigh their particular needs and preferences when choosing between these two platforms.

IC Markets vs. Saxo Bank

ICM and Saxo Bank are both distinguished online trading platforms, each with different benefits and cons. IC Markets is known for its low spreads, fast trade execution, and advanced trading tools, making it a preferred choice among experienced traders and scalping traders. In contrast, Saxo Bank offers a comprehensive range of trading instruments, including forex, shares, bonds, exchange-traded funds, and more, catering to investors with wide-ranging tastes. Furthermore, Saxo Bank provides a complex platform with sophisticated research tools and a solid focus on security. Yet, Saxo Bank’s increased fees and required minimum deposits may deter cost-conscious traders, who may prefer IC Markets’ easier-to-access offerings.

IC Markets vs. FXCM

ICM and FXCM are both credible trading platforms, each offering different advantages and cons to investors. IC Markets is famous for its minimal spreads, quick trade execution, and advanced trading tools, making it a favored choice among professional traders and scalpers. In contrast, FXCM offers a easy-to-use platform and a wide range of educational resources, making it more suitable for beginner traders. Furthermore, FXCM offers a variety of trading instruments, including forex, indices, and commodity markets. However, its elevated fees and spreads may be less attractive to price-sensitive traders relative to ICM’s more competitive pricing model. Investors should take into account their individual preferences and priorities when choosing between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both well-regarded trading platforms, each with its own set of positives and negatives. IC Markets is lauded for its minimal spreads, speedy trade execution, and sophisticated trading tools, making it an attractive option for pro traders and scalpers. On the other hand, OANDA offers a intuitive platform and a broad range of educational resources, appealing to traders at all levels. Moreover, OANDA provides more flexible trade sizes and robust regulatory oversight. Yet, its spreads and fees may be not as favorable compared to ICM. When selecting between these two platforms, traders should consider their individual preferences and investment objectives.

IC Markets vs. AvaTrade

ICM and AvaTrade are both well-known online trading platforms, each presenting distinct benefits and cons. ICM is celebrated for its minimal spreads, quick trade execution, and state-of-the-art trading tools, making it an optimal choice for experienced traders and scalping traders. Conversely, AvaTrade offers a intuitive platform, a broad range of educational resources, and a diverse selection of trading instruments, appealing to traders of varying experience levels. But, AvaTrade’s fees and spreads may be higher than what is offered by IC Markets. When making a decision between the two platforms, traders should take into account their specific requirements and priorities to reach the most suitable choice.

 

ic markets broker 1

Register an account >

Often Asked Questions (FAQs)

Is ICMarkets a regulated broker?
Affirmative, IC Markets is supervised by the ASIC, the CySEC, and the FSA in {Seychelles}.

How can I create an account with ICMarkets?
To open an trading account with IC Markets, go to their site and press on “Open an Account.” Provide the needed data, provide your ID documents, and finalize the verification process.

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

Can I use IC Markets in the US?
ICMarkets doesn’t take clients from the US because of regulatory restrictions.

What trading platforms does IC Markets offer?
IC Markets provides MT4, MetaTrader 5, and {cTrader} platforms.

What financial instruments am I able to trade on ICMarkets?
You are able to invest in foreign exchange, CFDs, {commodities}, {indices}, cryptocurrencies, {bonds}, and {futures} on IC Markets.

Does ICMarkets provide a demo account?
Indeed, IC Markets offers a no-cost practice account that lets you try trading with virtual funds and use all features of the platform.

What sorts of accounts can IC Markets offer?
ICMarkets provides three sorts of accounts: Standard Account, Raw Spread Account, and Islamic (Swap-free) Account.

How can ICMarkets make money?
IC Markets earns money by spreads, fees on specific account types, and charges for additional services such as VPS hosting or third-party tools.

In what way am I able to reach ICMarkets’ customer service?
You can reach IC Markets’ customer service through live chat, {email}, or telephone. Their customer support team is available 24/7.

Conclusion

ICMarkets is a reputable and strongly regulated platform that offers a vast selection of financial instruments, attractive {spreads}, and a choice of advanced platforms.

The platform is especially appropriate for seasoned traders, but beginners might find its educational resources limited. All in all, IC Markets is a strong option for traders searching for a reliable and feature-rich platform.

Register an account >

Other Articles About IC Markets