Ic Markets Gold Lot Size 🔥8 HIDDEN SECRETS

Discover why ICM is a popular trading platform in 2023. Acquire an detailed examination at its features, benefits & drawbacks, and a contrast with the leading 10 contenders.

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Introduction

ICM is a foremost trading platform that has provided exceptional solutions to equally retail and institutional customers ever since 2007. This particular analysis will delve into the platform’s attributes, its advantages and disadvantages, and the way it stacks up to its top 10 opponents. Additionally, we will also address the most FAQs about ICM, giving a total resource to assist you make an knowledgeable decision about your platform of choice.

IC Markets Overview

Started in 2007, based in Sydney, Australia Controlled by ASIC, CySEC, and FSA Provides a extensive array of trading instruments, such as Forex, CFDs, commodities, indices, and cryptocurrencies.

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Why Select ICM?

  • Competitive spreads and reduced fees
  • Multiple trading platforms offered
  • Outstanding customer support
  • High-speed order execution
  • Unrivaled trading tools and resources

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • User-friendly interface
  • Broad array of technical analysis tools
  • Automatic trading with Expert Advisors (EAs)
  • Mobile trading offered on iOS and Android

MetaTrader 5 (MT5){Advanced} variant of MT4

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

cTrader

  • Tailored for CFD and Forex trading
  • Contemporary and intuitive interface
  • Advanced charting tools
  • Personalized workspace

Trading Instruments

  • Foreign exchange: Over 60 currency pairs
  • Indices: 23 key global indexes
  • Commodities: Precious metals, energy, and agricultural products
  • Digital currencies: BTC, Ethereum, LTC, & additional
  • Bonds: Govt. bonds from major countries
  • Futures contracts: Access to international futures markets

Types of Accounts

  • Regular Account
  • Raw Spread Account
  • Islamic Account

IC Markets funding options

For the latest and correct details, it is always best to check out the IC Markets website or get in touch with their customer support staff.

Up to my previous update, IC Markets gave the below deposit options to fund your trading account:

Bank Wire Transfer

You can transfer money directly from bank to your IC Markets trading account. This method may require a couple of working days to complete.

Credit/Debit Cards

IC Markets takes key credit and debit cards, like Visa and Mastercard card, for deposits. Such transactions are usually processed quickly.

Electronic Payment Systems

IC Markets accepts several well-known electronic wallets and online payment systems, such as among others:

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

Local Bank Transfers

Within certain countries, IC Markets offers the choice of local bank transfers, where you can transfer funds straight from your domestic bank to your investment profile with no incurring.

Broker-to-Broker Transfer

If you’re moving between an alternative broker to IC Markets, you might have the ability to move your funds directly among the two of the firms.

Note that the accessibility of such funding options might vary depending on your country of residence, and there extra methods or changes in the deposit methods.

It’s important to verify the website of IC Markets or contact their support for the most recent and precise data on available funding methods.

Furthermore, when adding funds to your account, kindly be aware of the below:

Deposit fees

Certain deposit methods may have charges

Ensure to check whether IC Markets or the payment service applies any fees for the specific deposit method you pick.

Deposit processing time

Though several deposit methods are immediate or almost instant, some options like wire transfers might require several working days to finalize.

Currency

IC Markets usually provides accounts in various currencies, such as USD, Euros, Australian dollars,GBP, and others. Make sure to select the right currency to decrease conversion fees when adding funds.

Verification process

In accordance with regulations, IC Markets may require you give personal identification documents as well as address verification prior to you can fund your account & begin investing. Verify that your account has been fully approved to prevent any potential delays in depositing and withdrawing money.

Remember to check the website of IC Markets or get in touch with its customer support to obtain the most up-to-date and correct details concerning deposit options, fees, and timeframes.

Benefits and Drawbacks of IC Markets

Benefits

  • Extensive array of trading instruments
  • Competitive spreads and low fees
  • Option of trading platforms
  • Speedy and reliable execution
  • Superb customer support

Drawbacks

  • Not offering fixed spread accounts
  • Insufficient educational resources aimed at beginners
  • Idle fee following 12 months of dormancy

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ICM vs. Top 10 Rivals

IC Markets vs. e-Toro

ICM and e-Toro are both well-known online trading services, both with their own array of pros and cons. ICM is well-regarded for its low spreads and quick trade execution, making it perfect for professional traders and scalpers. Furthermore, its provision for a wider range of financial instruments and complex trading tools appeals to {experienced|seasoned investors. Conversely, e-Toro’s user-friendly platform and social trading options cater to novices and occasional traders. Its copy trading functionality allows users to emulate the strategies of prosperous traders. Nonetheless, eToro’s elevated fees and reduced customization options may discourage more veteran traders from the platform.

IC Markets vs. Plus500

ICM and Plus-500 are both respected trading platforms, each providing unique advantages and disadvantages to traders. IC Markets is preferred for its low spreads, rapid trade execution, and sophisticated trading tools, making it a popular choice among experienced traders and scalpers. Plus500, on the other hand, is noted for its intuitive and user-friendly platform, making it appropriate for beginners. Plus-500 also offers a broader range of trading instruments, including index CFDs, shares, and exchange-traded funds. However, its increased spreads and reduced platform customization options may be less appealing to professional traders compared to IC Markets’ more advanced offerings.

ICM vs. XM

ICM and XM are both highly regarded online trading services, each with different pros and disadvantages. IC Markets is esteemed for its narrow spreads, fast execution, and sophisticated trading tools, appealing to pro traders and scalping traders. In comparison, XM is renowned for its wide-ranging account types,accommodating traders with diverse experience levels and capital sizes. XM also boasts superb customer support and a broad range of learning materials 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 weigh their specific requirements and goals when deciding between them.

ICM vs. Forex.com

ICM and Forex.com are both prominent online trading platforms, each with specific benefits and weaknesses. ICM is valued for its reduced spreads, fast trade execution, and complex trading tools, making it an enticing option for professional traders and scalping traders. In contrast, Forex.com offers a extensive range of trading instruments, including forex, indices, commodity markets, and cryptocurrencies, catering to a more diverse audience. Forex.com also supplies extensive learning materials for beginners. Nevertheless, its platform may not be as user-friendly as ICM’s, and it tends to have elevated fees. Ultimately, traders should weigh their individual needs and interests when selecting between these two platforms.

ICM vs. IG

IC Markets and IG are both well-established online trading services, each presenting unique pros and disadvantages. ICM is recognized for its low spreads, rapid trade execution, and sophisticated trading tools, making it a preferred choice for seasoned traders and scalping traders. In contrast, IG boasts a wider range of tradable instruments, including shares, forex,commodity markets, and digital currencies, appealing to varied investor tastes. IG also offers an broad suite of educational resources and a easy-to-use platform appropriate for novices. Nonetheless, IG’s increased fees may deter budget-minded traders. When choosing between the two platforms, traders should evaluate their personal requirements and trading objectives.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy online trading services, each with its own set of benefits and drawbacks. IC Markets is known for its reduced spreads, quick trade execution, and advanced trading tools, making it an optimal option for pro traders and scalpers. On the other hand, Pepperstone is praised for its superb customer support and easy-to-use platform, catering to traders of all experience levels. Additionally, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. However, ICM provides a broader range of trading instruments. Traders should weigh their particular demands and tastes when choosing between these two platforms.

IC Markets vs. Saxo Bank

IC Markets and Saxo Bank are both notable online trading services, each with distinct advantages and disadvantages. IC Markets is famed for its minimal spreads, speedy trade execution, and complex trading tools, making it a favored choice among professional traders and scalping traders. On the other hand, Saxo Bank offers a thorough range of trading instruments, including forex, stocks, fixed income, ETFs, and additional instruments, appealing to traders with diverse hobbies. Additionally, Saxo Bank provides a complex platform with in-depth research tools and a solid focus on protection. Nonetheless, Saxo Bank’s elevated fees and required minimum deposits may dissuade price-sensitive traders, who might favor IC Markets’ simpler offerings.

ICM vs. FXCM

IC Markets and FXCM are both reputable online trading services, each offering different benefits and drawbacks to investors. ICM is famous for its low spreads, rapid trade execution, and complex trading tools, making it a preferred choice among professional traders and scalpers. On the other hand, FXCM offers a user-friendly platform and a broad range of learning materials, making it more suitable for beginner traders. Furthermore, FXCM offers a selection of trading instruments, including foreign exchange, indices, and commodity markets. However, its higher fees and spreads may be less attractive to budget-minded traders relative to IC Markets’ more competitive pricing model. Investors should consider their personal preferences and priorities when choosing between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both respected online trading services, each with its unique set of positives and cons. ICM is celebrated for its low spreads, speedy trade execution, and high-tech trading tools, making it an alluring option for experienced traders and scalping traders. On the other hand, OANDA offers a easy-to-use platform and a vast range of learning materials, appealing to traders at all skill levels. Moreover, OANDA provides more flexible trade sizes and solid regulation. Yet, its spreads and fees may be less competitive relative to IC Markets. When deciding between these two platforms, traders should evaluate their personal interests and investment objectives.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both prominent online trading platforms, each presenting different advantages and disadvantages. ICM is celebrated for its minimal spreads, rapid trade execution, and state-of-the-art trading tools, making it an ideal choice for pro traders and scalping traders. On the other hand, AvaTrade offers a intuitive platform, a broad range of educational resources, and a wide array of trading instruments, appealing to traders of different experience levels. Nonetheless, AvaTrade’s fees and spreads may be not as attractive 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 arrive at the best choice.

 

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Regularly Asked Questions (FAQs)

Is IC Markets a licensed broker?
Yes, IC Markets is regulated by the ASIC, the Cyprus Securities and Exchange Commission, and the FSA in {Seychelles}.

How do I set up an account with IC Markets?
To open an account with ICMarkets, go to their site and click on “Create an Account.” Fill in the necessary information, send your identification documents, and complete the verification process.

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

Am I able to use IC Markets in the US?
ICMarkets does not take customers from the US because of regulatory limitations.

What platforms does IC Markets offer?
IC Markets provides MetaTrader 4, MetaTrader 5, and {cTrader} platforms.

What instruments can I trade on ICMarkets?
You may invest in Forex, contracts for difference, {commodities}, {indices}, cryptocurrencies, {bonds}, and {futures} on ICMarkets.

Do IC Markets offer a demo account?
Yes, ICMarkets provides a complimentary practice account that enables you try trading with imaginary money and access all capabilities of the platform.

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

How does IC Markets earn money?
IC Markets earns money by spreads, commissions on certain account types, and charges for extra features such as Virtual Private Server hosting or external resources.

In what way may I get in touch with IC Markets’ support?
You can contact ICMarkets’ customer support via live chat, {email}, or phone. Their customer support team is reachable around the clock.

Summary

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

The platform is specifically suitable for experienced investors, but novices may encounter its educational resources scarce. Overall, ICMarkets is a solid selection for investors searching for a trustworthy and fully-featured trading platform.

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