Ic Markets Dollar Index ☑️7 HIDDEN TIPS

Find out why ICM is a sought-after trading platform in 2023. Obtain an comprehensive glimpse at its features, pros & cons, and a comparison with the top 10 opponents.

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Intro

IC Markets is a preeminent trading platform that has been providing excellent services to both retail and institutional clients since 2007. This particular assessment will explore the platform’s capabilities, its advantages and disadvantages, and how it compares to its best 10 competitors. We shall also discuss the very FAQs about IC Markets, giving a thorough resource to help you formulate an knowledgeable decision about your platform of choice.

ICM Overview

Started in 2007, headquartered in Sydney, Australia Controlled by ASIC, CySEC, and FSA Offers a wide selection of trading instruments, comprising Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

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Why Select IC Markets?

  • Aggressive spreads and minimal fees
  • Several trading platforms offered
  • Outstanding customer support
  • High-speed order execution
  • Superior trading tools and resources

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • User-friendly interface
  • Vast selection of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Smartphone trading accessible on iOS and Android

MetaTrader 5 (MT5){Advanced} version of MT4

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

cTrader

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

Trading Instruments

  • Foreign exchange: Above sixty currency pairs
  • Indexes: 23 major global indexes
  • Products: Valuable metals, energy, and agricultural items
  • Crypto assets: BTC, ETH, Litecoin, & additional
  • Fixed income: Sovereign bonds of key countries
  • Futures contracts: Accessibility to global futures exchanges

Account Types

  • Regular Account
  • Raw Spread Account
  • Interest-free Account

IC Markets deposit options

For the most up-to-date and accurate details, it is consistently best to visit the IC Markets website or contact its support team.

Up to my previous knowledge, IC Markets offered the following funding options for your investment profile:

Bank Wire Transfer

You can send funds straight from your bank account to your IC Markets trading profile. This technique might require a few working days to complete.

Credit/Debit Cards

IC Markets takes key credit and debit cards, such as Visa and Mastercard, to make deposits. These transactions are processed instantly.

E-wallets and Online Payment Systems

IC Markets accepts a number of popular e-wallets and payment platforms, including among others:

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

Local Bank Transfers

In some countries, IC Markets provides the choice of domestic bank transfers, where you can transfer funds directly from local bank to your trading account without international transaction fees.

Broker Transfer

If you’re switching between a different broker to IC Markets, you might have the ability to transfer your funds directly among the two of the brokers.

Please note that the availability of these deposit options might vary depending on your country of residence, and there extra options or alterations in the deposit methods.

It’s essential to check the IC Markets website or contact its support for the latest and precise details on offered deposit methods.

Moreover, while adding money to your account, please consider the below:

Deposit fees

Some deposit methods might have fees

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

Processing time

While numerous deposit methods are immediate or near-instant, certain options like wire transfers might require multiple business days to complete.

Account currency

IC Markets typically provides accounts in several currencies, such as US dollars, EUR, Australian dollars,British pounds, as well as others. Ensure to choose the correct account currency to decrease exchange fees when adding funds.

Verification process

In compliance with regulatory requirements, IC Markets might ask you submit ID documents and address verification before you are able to fund your account and begin investing. Ensure that your account is completely verified to prevent any issues in depositing and taking out funds.

Always visit the website of IC Markets or get in touch with its customer service to obtain the most up-to-date and correct data concerning deposit options, fees, and processing times.

Advantages and Disadvantages of ICM

Benefits

  • Extensive variety of trading instruments
  • Low spreads & minimal fees
  • Option of trading platforms
  • Speedy & dependable execution
  • Outstanding customer support

Drawbacks

  • Not offering fixed spread accounts
  • Limited educational resources targeted at beginners
  • Idle fee following 12 months of inactivity

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ICM vs. Top 10 Rivals

IC Markets vs. eToro

IC Markets and eToro are both famous trading platforms, both with its own collection of benefits and cons. ICM is renowned for its reduced spreads and fast execution, making it optimal for professional traders and scalpers. Furthermore, its support for a wider range of trading instruments and sophisticated trading tools appeals to {experienced|seasoned investors. In contrast, e-Toro’s user-friendly platform and social trading features appeal to beginners and casual traders. Its copy-trading functionality permits users to imitate the tactics of prosperous traders. Nevertheless, e-Toro’s increased fees and reduced customization options may deter more seasoned traders from the platform.

IC Markets vs. Plus500

ICM and Plus500 are both respected online trading services, each presenting unique advantages and drawbacks to traders. ICM is preferred for its minimal spreads, fast trade execution, and complex trading tools, making it a popular choice among professional traders and scalpers. Plus500, on the other hand, is noted for its user-friendly and accessible platform, making it ideal for novices. Plus500 also offers a more extensive range of trading instruments, including CFDs on indices, shares, and exchange-traded funds. Nonetheless, its increased spreads and reduced platform customization options may be less enticing to seasoned traders compared to IC Markets’ more sophisticated offerings.

ICM vs. XM

IC Markets and XM are both well-regarded trading platforms, each with unique advantages and disadvantages. IC Markets is appreciated for its low spreads, fast execution, and sophisticated trading tools, appealing to professional traders and scalpers. On the other hand, XM is famed for its wide-ranging account types,accommodating traders with varying experience levels and investment sizes. XM also boasts outstanding customer support and a wide range of educational resources for new traders. Yet, ICM excels over XM in terms of variety of trading instruments and platform customization. While both platforms have their merits, traders must consider their specific preferences and targets when deciding between them.

ICM vs. Forex.com

ICM and Forex.com are both leading online trading platforms, each with specific benefits and disadvantages. ICM is esteemed for its low spreads, quick trade execution, and advanced trading tools, making it an attractive option for professional traders and scalpers. On the other hand, Forex.com offers a wide-ranging range of trading instruments, including forex, indices, commodity markets, and crypto assets, catering to a wider audience. Forex.com also provides broad learning materials for novices. Nevertheless, its platform may not be as easy-to-use as IC Markets’, and it has a tendency to have elevated fees. Ultimately, traders should take into account their personal needs and preferences when selecting between these two platforms.

ICM vs. IG

IC Markets and IG are both well-established trading platforms, each presenting unique advantages and disadvantages. ICM is recognized for its competitive spreads, quick trade execution, and complex trading tools, making it a favored choice for pro traders and scalping traders. Conversely, IG boasts a more extensive range of tradeable instruments, including shares, foreign exchange,commodities, and digital currencies, catering to diverse investor preferences. IG also offers an extensive suite of educational resources and a intuitive platform suitable for newcomers. Nonetheless, IG’s higher fees may deter budget-minded traders. When deciding between the two platforms, traders should weigh their specific preferences and trading objectives.

IC Markets vs. Pepperstone

ICM and Pepperstone are both trustworthy trading platforms, each with its own set of advantages and disadvantages. ICM is acknowledged for its low spreads, rapid trade execution, and sophisticated trading tools, making it an optimal option for pro traders and scalping traders. On the other hand, Pepperstone is praised for its superb customer support and easy-to-use platform, appealing to traders of all skill levels. Furthermore, Pepperstone offers a selection of account types, catering to different trading styles and capital sizes. Nonetheless, IC Markets provides a wider range of trading instruments. Traders should weigh their specific demands and preferences when selecting between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both distinguished online trading platforms, each with different advantages and disadvantages. IC Markets is known for its minimal spreads, speedy trade execution, and sophisticated trading tools, making it a popular choice among experienced traders and scalpers. On the other hand, Saxo Bank offers a comprehensive range of trading instruments, including forex, shares, bonds, exchange-traded funds, and additional instruments, appealing to traders with wide-ranging tastes. Additionally, Saxo Bank provides a complex platform with advanced research tools and a solid focus on protection. However, Saxo Bank’s elevated fees and minimum deposit requirements may discourage price-sensitive traders, who might opt for ICM’s simpler offerings.

IC Markets vs. FXCM

ICM and FXCM are both credible online trading platforms, each offering unique pros and cons to traders. ICM is known for its low spreads, quick trade execution, and sophisticated trading tools, making it a popular choice among pro traders and scalping traders. Conversely, FXCM boasts a intuitive platform and a wide range of educational resources, making it more suitable for novice traders. Additionally, FXCM offers a variety of trading instruments, including foreign exchange, indices, and commodities. Nonetheless, its elevated fees and spreads may be less appealing to price-sensitive traders in comparison to IC Markets’ more competitive pricing model. Investors should weigh their individual needs and interests when deciding between these two platforms.

ICM vs. OANDA

ICM and OANDA are both well-regarded online trading platforms, each with its unique array of positives and disadvantages. ICM is praised for its reduced spreads, quick trade execution, and advanced trading tools, making it an appealing option for professional traders and scalpers. On the other hand, OANDA offers a intuitive platform and a wide range of educational materials, appealing to traders at all experience levels. Furthermore, OANDA provides more flexible trade sizes and solid regulation. However, its spreads and fees may be higher relative to ICM. When selecting between these two platforms, traders should evaluate their personal preferences and investment objectives.

ICM vs. AvaTrade

ICM and AvaTrade are both prominent online trading services, each presenting unique benefits and drawbacks. ICM is famous for its minimal spreads, quick trade execution, and advanced trading tools, making it an ideal choice for pro traders and scalpers. On the other hand, AvaTrade offers a intuitive platform, a broad range of educational materials, and a varied choice of trading instruments, catering to traders of varying experience levels. Nonetheless, AvaTrade’s fees and spreads may be not as attractive than the ones provided by ICM. When deciding between the two platforms, traders should evaluate their specific necessities and preferences to make the optimal choice.

 

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Regularly Asked Questions (FAQs)

Is IC Markets a licensed broker?
Yes, ICMarkets is governed by the ASIC, the CySEC, and the FSA in {Seychelles}.

How can I open an account with ICMarkets?
To open an account with ICMarkets, go to their site and press on “Open an Account.” Provide the required information, provide your ID documents, and finish the verification process.

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

Am I able to use ICMarkets in the US?
ICMarkets does not take clients from the USA owing to regulatory constraints.

What platforms can ICMarkets provide?
IC Markets offers MetaTrader 4, MetaTrader 5, and {cTrader} platforms.

What financial instruments am I able to trade on IC Markets?
You are able to trade Forex, contracts for difference, {commodities}, {indices}, cryptocurrencies, {bonds}, and {futures} on IC Markets.

Do IC Markets provide a practice account?
Indeed, IC Markets offers a free demo account that enables you to practice investing with imaginary money and use all functions of the trading platform.

What sorts of accounts can IC Markets offer?
IC Markets provides 3 kinds of accounts: Standard, Raw Spread Account, and Swap-free.

How can IC Markets earn money?
ICMarkets earns money via spreads, fees on certain account types, and fees for additional services such as Virtual Private Server hosting or external applications.

In what way may I get in touch with IC Markets’ customer support?
You may reach IC Markets’ customer service by chat, {email}, or telephone. Their customer support team is available 24/7.

Final thoughts

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

The platform is specifically suitable for experienced investors, but newcomers may encounter its resources restricted. Overall, ICMarkets is a strong choice for investors looking for a reliable and fully-featured platform.

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