Ic Markets Founded 🔥9 REVEALING FACTS

Discover why IC Markets is a favored trading platform in 2023. Obtain an detailed view at its capabilities, advantages & disadvantages, and a evaluation with the best 10 opponents.

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Intro

IC Markets is a prominent trading platform that has provided extraordinary solutions to equally retail and institutional customers ever since 2007. This particular assessment will examine the platform’s attributes, its advantages and disadvantages, and the way it compares to its leading 10 competitors. Additionally, we will also discuss the most frequently asked questions about IC Markets, providing a total resource to assist you formulate an educated selection about your trading platform of choice.

IC Markets Overview

Established in 2007, based in Sydney, Australia Regulated by ASIC, CySEC, and FSA Supplies a extensive selection of trading instruments, such as Forex, CFDs, commodities, indices, and cryptocurrencies.

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Why Select IC Markets?

  • Low spreads and low fees
  • Various trading platforms offered
  • Excellent customer support
  • Fast order execution
  • Unrivaled trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • Intuitive interface
  • Wide array of technical analysis tools
  • Automatic trading with Expert Advisors (EAs)
  • Smartphone trading offered on iOS and Android

MetaTrader 5 (MT5){Advanced} version of MT4

  • More technical indicators and timeframes
  • Financial calendar embedded
  • DOM feature
  • Risk management allowed

cTrader

  • Developed for CFD and Forex trading
  • Modern and user-friendly interface
  • Enhanced charting tools
  • Adjustable workspace

Trading Instruments

  • Foreign exchange: More than 60 currency pairs
  • Indexes: twenty-three major global indexes
  • Commodities: Precious metals, energy, and agricultural items
  • Cryptocurrencies: Bitcoin, ETH, Litecoin, & more
  • Bonds: Govt. bonds of major countries
  • Futures: Access to worldwide futures exchanges

Account Types

  • Standard Account
  • Raw Spread Account
  • Islamic Account

IC Markets funding options

For the most recent and correct data, it’s always best to go to the website of IC Markets or get in touch with their support staff.

Up to my previous knowledge, IC Markets provided the next funding options to fund your investment account:

Bank Wire Transfer

You can transfer funds directly from your bank account to your IC Markets account. This method may take a couple of business days to complete.

Credit and Debit Cards

IC Markets takes key credit/debit cards, like Visa and Mastercard, to make deposits. Such transactions are usually handled immediately.

Electronic Payment Systems

IC Markets supports several well-known e-wallets and online payment systems, such as but not limited to:

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

Local Bank Transfers

Within some locations, IC Markets provides the choice of local bank transfers, where you can transfer money straight from your domestic bank to your investment account with no incurring.

Broker Transfer

If you are switching from an alternative firm to IC Markets, you might have the ability to move your funds directly between the two of the firms.

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

It’s crucial to examine the website of IC Markets or get in touch with their customer service for the most recent and precise data on offered deposit methods.

Moreover, when adding funds to your account, please note the following:

Fees

Certain deposit methods might have charges

Be sure to verify whether IC Markets or the payment service applies fees for the particular funding option you select.

Processing time

While numerous funding options might be immediate or almost instant, some options such as wire transfers might require a few working days to process.

Currency

IC Markets usually offers trading accounts in various currencies, like USD, EUR, AUD,British pounds, as well as more. Be sure to choose the correct currency to reduce exchange fees while depositing funds.

Account verification

In accordance with regulatory requirements, IC Markets may ask you to give ID documents as well as address verification before you are able to fund your account & start trading. Ensure that your account has been completely verified to avoid any issues in depositing and withdrawing money.

Always visit the website of IC Markets or get in touch with their customer support to obtain the most recent and correct details regarding deposit options, charges, as well as processing times.

Advantages and Disadvantages of ICM

Pros

  • Wide range of trading instruments
  • Competitive spreads & low fees
  • Option of trading platforms
  • Quick & reliable execution
  • Superb customer support

Disadvantages

  • No fixed accounts
  • Limited educational resources aimed at beginners
  • Inactivity fee following twelve months of inactivity

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ICM vs. Top 10 Rivals

ICM vs. e-Toro

ICM and eToro are both prevalent online trading services, each with its own set of pros and disadvantages. ICM is celebrated for its low spreads and quick execution, making it ideal for professional traders and scalping traders. Additionally, its provision for a wider range of trading instruments and complex trading tools caters to {experienced|seasoned investors. On the other hand, e-Toro’s user-friendly platform and social trading capabilities cater to novices and occasional traders. Its copy trading functionality allows users to mirror the strategies of accomplished traders. Nevertheless, e-Toro’s higher fees and restricted customization options may dissuade more experienced traders from the platform.

ICM vs. Plus-500

ICM and Plus500 are both respected online trading platforms, each offering distinct advantages and cons to traders. ICM is favored for its minimal spreads, fast trade execution, and sophisticated trading tools, making it a popular choice among seasoned traders and scalping traders. Plus500, on the other hand, is known for its user-friendly and easy-to-use platform, making it appropriate for novices. Plus500 also offers a more extensive range of trading instruments, including index CFDs, shares, and exchange-traded funds. Nonetheless, its higher spreads and reduced platform customization options may be less enticing to professional traders compared to ICM’s more complex offerings.

ICM vs. XM

ICM and XM are both well-regarded online trading services, each with distinct benefits and drawbacks. IC Markets is valued for its narrow spreads, fast execution, and complex trading tools, appealing to pro traders and scalpers. Comparatively, XM is famed for its diverse account types,catering to traders with varying experience levels and capital sizes. XM also provides outstanding customer support and a vast range of learning materials for new traders. However, ICM surpasses XM in terms of trading instruments variety and platform customization. While both platforms have their merits, traders must assess their individual needs and targets when choosing between them.

ICM vs. Forex.com

ICM and Forex.com are both leading online trading platforms, each with specific strengths and disadvantages. IC Markets is valued for its low spreads, fast trade execution, and complex trading tools, making it an attractive option for seasoned traders and scalpers. Conversely, Forex.com offers a comprehensive range of trading instruments, including forex, indexes, commodities, and digital currencies, catering to a wider audience. Forex.com also supplies extensive learning materials for newcomers. Nonetheless, its platform may not be as intuitive as ICM’s, and it tends to have higher fees. Ultimately, traders should take into account their personal requirements and priorities when choosing between these two platforms.

IC Markets vs. IG

IC Markets and IG are both reputable online trading services, each offering distinct benefits and drawbacks. IC Markets is known for its competitive spreads, rapid trade execution, and advanced trading tools, making it a popular choice for professional traders and scalping traders. In contrast, IG offers a wider range of tradeable instruments, including shares, forex,commodity markets, and digital currencies, catering to varied investor preferences. IG also offers an extensive suite of educational resources and a user-friendly platform suitable for beginners. Nonetheless, IG’s higher fees may discourage budget-minded traders. When choosing between the two platforms, traders should evaluate their personal requirements and trading objectives.

ICM vs. Pepperstone

IC Markets and Pepperstone are both reputable online trading platforms, each with its own set of benefits and cons. IC Markets is recognized for its reduced spreads, quick trade execution, and sophisticated trading tools, making it an perfect option for pro traders and scalpers. On the other hand, Pepperstone is praised for its excellent customer support and easy-to-use platform, appealing to traders of all levels. Moreover, Pepperstone offers a variety of account types, suiting different trading styles and investment amounts. Nonetheless, IC Markets provides a more extensive range of trading instruments. Traders should consider their specific requirements and interests when deciding between these two platforms.

ICM vs. Saxo Bank

IC Markets and Saxo Bank are both distinguished online trading platforms, each with unique advantages and disadvantages. IC Markets is known for its low spreads, speedy trade execution, and sophisticated trading tools, making it a favored choice among professional traders and scalpers. In contrast, Saxo Bank offers a comprehensive range of trading instruments, including forex, shares, fixed income, ETFs, and more, appealing to investors with varied tastes. Additionally, Saxo Bank provides a advanced platform with advanced research tools and a strong focus on safety. However, Saxo Bank’s elevated fees and minimum deposit amounts may discourage cost-conscious traders, who might opt for ICM’s more accessible offerings.

ICM vs. FXCM

ICM and FXCM are both trustworthy online trading platforms, each offering unique pros and drawbacks to investors. IC Markets is recognized for its low spreads, quick trade execution, and complex trading tools, making it a preferred choice among experienced traders and scalpers. In contrast, FXCM features a intuitive platform and a broad range of educational materials, making it more suitable for novice traders. Moreover, FXCM offers a variety of trading instruments, including foreign exchange, indices, and commodities. However, its higher fees and spreads may be less attractive to price-sensitive traders compared to ICM’s more competitive fees. Traders should consider their unique preferences and priorities when deciding between these two platforms.

IC Markets vs. OANDA

ICM and OANDA are both respected trading platforms, each with its own set of pros and negatives. ICM is praised for its low spreads, fast trade execution, and sophisticated trading tools, making it an attractive option for professional traders and scalpers. In contrast, OANDA offers a intuitive platform and a vast range of learning materials, catering to traders at all skill levels. Additionally, OANDA provides flexible trade sizes and strong regulatory compliance. Yet, its spreads and fees may be less competitive compared to IC Markets. When deciding between these two platforms, traders should consider their specific interests and investment objectives.

IC Markets vs. AvaTrade

ICM and AvaTrade are both well-known online trading platforms, each presenting distinct pros and disadvantages. IC Markets is celebrated for its tight spreads, rapid trade execution, and sophisticated trading tools, making it an perfect choice for pro traders and scalping traders. In contrast, AvaTrade offers a simple-to-use platform, a wide range of educational materials, and a diverse 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 choosing between the two platforms, traders should evaluate their specific needs and priorities to arrive at the most suitable choice.

 

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Frequently Asked Questions (FAQs)

Is ICMarkets a authorized broker?
Yes, ICMarkets is supervised by the ASIC, the CySEC, and the FSA in {Seychelles}.

How can I set up an account with IC Markets?
To set up an trading account with ICMarkets, visit their website and press on “Open an Account.” Fill in the needed data, send your identification papers, and finish the verification process.

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

Am I able to use ICMarkets in the USA?
IC Markets doesn’t accept customers from the USA owing to legal constraints.

What platforms can ICMarkets offer?
ICMarkets offers MetaTrader 4, MetaTrader 5, and {cTrader} trading platforms.

What financial instruments may I invest in on IC Markets?
You are able to trade Forex, contracts for difference, {commodities}, {indices}, crypto, {bonds}, and {futures} on ICMarkets.

Does IC Markets provide a demo account?
Certainly, IC Markets offers a no-cost practice account that enables you try investing with simulated funds and use all capabilities of the trading platform.

What kinds of accounts does IC Markets offer?
IC Markets provides three kinds of trading accounts: Standard Account, Raw Spread, and Islamic (Swap-free) Account.

How does IC Markets earn money?
IC Markets makes money by bid-ask spreads, commissions on certain account types, and fees for additional features such as Virtual Private Server hosting or external applications.

How am I able to contact IC Markets’ customer service?
You can get in touch with IC Markets’ customer service via chat, {email}, or phone. Their support team is accessible around the clock.

Conclusion

ICMarkets is a reputable and strongly regulated trading platform that provides a broad selection of instruments, competitive {spreads}, and a variety of advanced platforms.

The platform is specifically suitable for advanced investors, but novices might find its learning materials limited. In general, IC Markets is a strong choice for traders looking for a trustworthy and fully-featured platform.

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