Ic Markets Number Of Clients ☑️12 SURPRISING FACTS

Learn why ICM is a sought-after trading platform in 2023. Receive an comprehensive glimpse at its attributes, advantages & disadvantages, and a evaluation with the top 10 rivals.

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Introduction

ICM is a prominent trading platform that has been providing outstanding services to equally retail and institutional customers from 2007. This particular evaluation will investigate the platform’s attributes, its advantages and disadvantages, and the way it stacks up to its best 10 opponents. We shall also discuss the most FAQs about IC Markets, offering a total resource to aid you formulate an educated decision about your platform of choice.

ICM Overview

Established in 2007, headquartered in Sydney, Australia Regulated by ASIC, CySEC, and FSA Provides a extensive array of trading instruments, comprising Forex, CFDs, commodities, indices, and cryptocurrencies.

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Reasons to Pick ICM?

  • Low spreads and reduced fees
  • Different trading platforms available
  • Excellent customer support
  • High-speed order execution
  • Premium trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • User-friendly interface
  • Wide range of technical analysis tools
  • Automatic trading with Expert Advisors (EAs)
  • Smartphone trading accessible on iOS and Android

MetaTrader 5 (MT5){Advanced} edition of MT4

  • More technical indicators and timeframes
  • Financial calendar incorporated
  • Market depth feature
  • Hedging allowed

cTrader

  • Designed for CFD and Forex trading
  • Contemporary and intuitive interface
  • Enhanced charting tools
  • Customizable workspace

Instruments for Trading

  • Forex: Above sixty currency pairs
  • Indices: 23 major global indices
  • Commodities: Valuable metals, energy, and agricultural goods
  • Digital currencies: Bitcoin, Ethereum, Litecoin, & extra
  • Fixed income: Sovereign bonds of key countries
  • Futures: Accessibility to international futures markets

Account Types

  • Typical Account
  • Tight Spread Account
  • Interest-free Account

IC Markets funding methods

For the most recent and correct details, it is consistently recommended to go to the IC Markets website or get in touch with its support team.

Up to my last knowledge, IC Markets provided the below deposit options to fund your trading account:

Wire Transfer

You can send money directly from your bank account to your IC Markets trading profile. This technique may require a several business days to process.

Credit and Debit Cards

IC Markets takes key credit and debit cards, like Visa and Mastercard card, for fund transfers. Such operations are handled quickly.

Electronic Payment Systems

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

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

Local Bank Transfers

Within some countries, IC Markets offers the choice of local bank transfers, in which you can transfer funds straight from your domestic bank to your trading account without incurring.

Broker Transfer

If you’re switching between a different firm to IC Markets, you might be able to move your money directly among the two firms.

Note that the availability of such funding options may differ based on your country, and there more methods or alterations in the funding options.

It’s essential to check the IC Markets website or get in touch with their support to get the latest and precise data on available deposit options.

Additionally, while adding funds to your IC Markets account, please be aware of the below:

Fees

Certain deposit methods might incur fees

Make sure to verify whether IC Markets or the payment provider applies fees to the particular funding option you choose.

Processing time

Though numerous funding options are instant or almost instant, certain options such as wire transfers may take several business days to process.

Currency

IC Markets typically offers accounts in different denominations, like USD, EUR, Australian dollars,British pounds, as well as others. Make sure to pick the right currency to reduce conversion fees while adding money.

Account verification

In compliance with regulatory requirements, IC Markets might require you submit personal identification documents as well as proof of residence prior to you can deposit funds and begin trading. Ensure that your account has been completely approved to prevent any issues in adding and taking out funds.

Always check the IC Markets website or get in touch with its customer support to obtain the most up-to-date and precise details about funding methods, fees, as well as timeframes.

Benefits and Drawbacks of ICM

Benefits

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

Cons

  • Lack of fixed accounts
  • Restricted educational resources targeted at beginners
  • Idle fee after twelve months of non-activity

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ICM vs. Top Ten Rivals

IC Markets vs. e-Toro

IC Markets and eToro are both well-known trading platforms, both with its own collection of advantages and drawbacks. IC Markets is celebrated for its low spreads and quick trade execution, making it perfect for pro traders and scalpers. Furthermore, its provision for a wider range of financial instruments and sophisticated trading tools appeals to {experienced|seasoned investors. Conversely, e-Toro’s user-friendly platform and social trading capabilities appeal to newcomers and occasional traders. Its copy trading functionality enables users to emulate the approaches of accomplished traders. However, e-Toro’s higher fees and restricted customization options may dissuade more experienced traders from the platform.

IC Markets vs. Plus500

IC Markets and Plus500 are both reputable online trading services, each providing exclusive pros and disadvantages to traders. IC Markets is preferred for its reduced spreads, fast trade execution, and advanced trading tools, making it a favored choice among professional traders and scalping traders. Plus-500, on the other hand, is known for its straightforward and user-friendly platform, making it suitable for beginners. Plus500 also offers a wider 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 attractive to pro traders compared to IC Markets’ more sophisticated offerings.

IC Markets vs. XM

IC Markets and XM are both highly regarded online trading platforms, each with unique pros and disadvantages. ICM is esteemed for its low spreads, rapid execution, and complex trading tools, appealing to professional traders and scalpers. On the other hand, XM is famed for its varied account types,catering to traders with different experience levels and capital sizes. XM also boasts superb customer support and a broad range of learning materials for novice traders. Nonetheless, IC Markets outshines XM in terms of trading instruments variety and platform customization. While both platforms have their strengths, traders must assess their specific needs and goals when selecting between them.

ICM vs. Forex.com

ICM and Forex.com are both well-known trading platforms, each with unique advantages and disadvantages. IC Markets is valued for its minimal spreads, fast trade execution, and sophisticated trading tools, making it an attractive option for professional traders and scalping traders. Conversely, Forex.com offers a extensive range of trading instruments, including forex, indices, commodities, and cryptocurrencies, catering to a broader audience. Forex.com also provides broad educational resources for newcomers. However, its platform may not be as user-friendly as ICM’s, and it tends to have higher fees. Eventually, traders should take into account their specific needs and preferences when deciding between these two platforms.

ICM vs. IG

ICM and IG are both reputable online trading platforms, each offering distinct pros and cons. ICM is known for its competitive spreads, rapid trade execution, and complex trading tools, making it a favored choice for professional traders and scalping traders. Conversely, IG features a broader range of tradable instruments, including shares, foreign exchange,commodity markets, and crypto assets, appealing to varied investor interests. IG also offers an comprehensive suite of learning materials and a user-friendly platform suitable for newcomers. Nevertheless, IG’s increased fees may dissuade cost-conscious traders. When choosing between the two platforms, traders should evaluate their specific preferences and investment goals.

IC Markets vs. Pepperstone

ICM and Pepperstone are both reputable online trading platforms, each with its own set of benefits and cons. IC Markets is known for its low spreads, rapid 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 outstanding customer support and intuitive platform, appealing to traders of all skill levels. Additionally, Pepperstone offers a selection of account types, accommodating different trading styles and investment amounts. However, IC Markets provides a wider range of trading instruments. Traders should consider their unique demands and tastes when choosing between these two platforms.

IC Markets vs. Saxo Bank

IC Markets and Saxo Bank are both prominent online trading platforms, each with distinct advantages and drawbacks. IC Markets is known for its low spreads, quick trade execution, and sophisticated trading tools, making it a preferred choice among pro traders and scalping traders. On the other hand, Saxo Bank offers a comprehensive range of trading instruments, including foreign exchange, stocks, fixed income, exchange-traded funds, and others, catering to investors with diverse hobbies. Moreover, Saxo Bank provides a complex platform with advanced research tools and a robust focus on safety. Yet, Saxo Bank’s increased fees and minimum deposit amounts may dissuade budget-minded traders, who may favor IC Markets’ more accessible offerings.

ICM vs. FXCM

ICM and FXCM are both trustworthy online trading services, each offering unique benefits and cons to investors. ICM is famous for its minimal spreads, rapid trade execution, and complex trading tools, making it a popular choice among pro traders and scalping traders. Conversely, FXCM offers a easy-to-use platform and a vast range of educational resources, making it ideal for new traders. Additionally, FXCM offers a variety of trading instruments, including forex, indices, and commodity markets. Nonetheless, its elevated fees and spreads may be less enticing to budget-minded traders compared to IC Markets’ more competitive pricing structure. Investors should take into account their unique needs and preferences when selecting between these two platforms.

ICM vs. OANDA

IC Markets and OANDA are both well-regarded online trading services, each with its distinct collection of advantages and cons. ICM is praised for its reduced spreads, speedy trade execution, and high-tech trading tools, making it an appealing option for pro traders and scalping traders. In contrast, OANDA offers a user-friendly platform and a broad range of educational materials, catering to traders at all levels. Moreover, OANDA provides flexible trade sizes and solid regulatory compliance. Nonetheless, its spreads and fees may be less competitive compared to IC Markets. When deciding between these two platforms, traders should weigh their personal priorities and trading objectives.

ICM vs. AvaTrade

ICM and AvaTrade are both leading online trading platforms, each presenting unique pros and cons. ICM is celebrated for its low spreads, fast trade execution, and sophisticated trading tools, making it an ideal choice for professional traders and scalping traders. In contrast, AvaTrade offers a simple-to-use platform, a broad range of learning materials, and a diverse choice of trading instruments, appealing to traders of varying experience levels. Nonetheless, AvaTrade’s fees and spreads may be not as attractive than what is offered by ICM. When making a decision between the two platforms, traders should evaluate their specific needs and interests to arrive at the best choice.

 

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Often Asked Questions (FAQs)

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

How do I create an account with IC Markets?
To create an account with ICMarkets, browse their site and click on “Open an Account.” Fill in the required information, provide your identification documents, and complete the verification process.

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

Can I use IC Markets in the United States?
IC Markets does not accept customers from the USA because of regulatory limitations.

What platforms does ICMarkets provide?
ICMarkets provides MT4, MT5, and {cTrader} trading platforms.

What instruments can I invest in on ICMarkets?
You can invest in foreign exchange, contracts for difference, {commodities}, {indices}, crypto, {bonds}, and {futures} on IC Markets.

Do IC Markets offer a practice account?
Certainly, ICMarkets provides a no-cost practice account that allows you practice trading with imaginary funds and use all capabilities of the platform.

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

In what way does ICMarkets earn money?
ICMarkets earns money through spreads, commissions on specific types of accounts, and fees for additional services such as VPS hosting or third-party tools.

How am I able to reach IC Markets’ customer service?
You are able to contact IC Markets’ support by live chat, {email}, or phone. Their customer support team is available 24/7.

Conclusion

IC Markets is a trustworthy and well-regulated trading platform that provides a broad array of financial instruments, attractive {spreads}, and a selection of sophisticated platforms.

The trading platform is especially appropriate for seasoned traders, but newcomers might find its resources limited. In general, ICMarkets is a solid option for investors looking for a trustworthy and feature-rich trading platform.

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