Ic Markets Ranking ✔️9 SIMPLE FACTS

Learn why IC Markets is a prevalent trading platform in 2023. Acquire an in-depth look at its features, benefits & drawbacks, and a evaluation with the top 10 rivals.

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Introduction

IC Markets is a top trading platform that has been providing excellent offerings to equally retail and institutional customers from 2007. This particular analysis will delve into the platform’s attributes, its pros and cons, and the way it compares to its best 10 opponents. We will will also address the very common questions about ICM, offering a complete guide to aid you make an informed choice about your platform of choice.

ICM Overview

Founded in 2007, headquartered in Sydney, Australia Supervised by ASIC, CySEC, and FSA Supplies a extensive range of trading instruments, including Forex, CFDs, commodities, indices, and cryptocurrencies.

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Why Opt for ICM?

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

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • Intuitive interface
  • Vast range of technical analysis tools
  • Automatic trading with Expert Advisors (EAs)
  • Mobile phone trading accessible on iOS and Android

MetaTrader 5 (MT5){Advanced} version of MT4

  • Further technical indicators and timeframes
  • Financial calendar embedded
  • DOM attribute
  • Risk management allowed

cTrader

  • Tailored for CFD and Forex trading
  • Modern and user-friendly interface
  • Cutting-edge charting tools
  • Personalized workspace

Trading Instruments

  • Forex: Over sixty currency pairs
  • Indices: 23 key global indexes
  • Commodities: Valuable metals, energy, and agricultural products
  • Digital currencies: BTC, ETH, LTC, and extra
  • Bonds: Govt. bonds from major countries
  • Futures: Access to international futures markets

Types of Accounts

  • Typical Account
  • Raw Spread Account
  • Swap-free Account

IC Markets funding methods

For the most recent and precise data, it is consistently best to check out the IC Markets website or contact their customer service staff.

As of my previous knowledge, IC Markets gave the following funding options to fund your investment profile:

Bank Wire Transfer

You can transfer funds straight from your bank to your IC Markets trading account. This technique might take a couple of working days to process.

Credit and Debit Cards

IC Markets takes key credit and debit cards, such as Visa card and Mastercard, to make fund transfers. These transactions are usually processed quickly.

Electronic Payment Systems

IC Markets accepts several famous e-wallets and online payment systems, such as but not limited to:

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

Local Bank Transfers

In certain regions, IC Markets offers the option of local bank transfers, in which you can deposit money straight from your domestic bank to your trading profile with no international transaction fees.

Broker-to-Broker Transfer

If you’re switching between another firm to IC Markets, you may have the ability to move your funds straight between the two of the brokers.

Note that the accessibility of such deposit options might differ depending on your country, and there may be more methods or alterations in the deposit methods.

It’s important to verify the IC Markets website or contact its customer support to get the latest and precise details on available deposit options.

Moreover, while depositing funds to your account, please consider the below:

Fees

Certain funding options may have charges

Make sure to examine whether IC Markets or the payment provider charges any fees to the particular funding option you choose.

Deposit processing time

While numerous deposit methods are immediate or near-instant, some methods such as wire transfers may require a few business days to process.

Account currency

IC Markets typically offers accounts in different currencies, like US dollars, Euros, Australian dollars,GBP, as well as more. Make sure to select the right currency to reduce conversion fees while depositing funds.

Account verification

In compliance with regulations, IC Markets may ask you to submit ID documents and proof of residence prior to you can deposit funds and start trading. Make sure that your profile is completely approved to prevent any issues in depositing and withdrawing funds.

Always check the IC Markets website or get in touch with its customer service for the most up-to-date and accurate details regarding funding methods, charges, as well as timeframes.

Benefits and Drawbacks of ICM

Benefits

  • Wide array of trading instruments
  • Low spreads and minimal fees
  • Choice of trading platforms
  • Speedy & dependable execution
  • Excellent customer support

Drawbacks

  • Lack of fixed accounts
  • Restricted educational resources for beginners
  • Inactivity fee after 12 months of inactivity

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ICM vs. Top 10 Rivals

ICM vs. eToro

ICM and e-Toro are both prevalent online trading services, both with its own array of advantages and drawbacks. ICM is renowned for its minimal spreads and rapid trade execution, making it perfect for professional traders and scalping traders. Moreover, its provision for a broader range of trading instruments and complex trading tools caters to {experienced|seasoned investors. Conversely, e-Toro’s easy-to-use platform and social trading options appeal to novices and casual traders. Its copy-trading functionality allows users to mirror the approaches of successful traders. Nonetheless, eToro’s higher fees and reduced customization options may dissuade more seasoned traders from the platform.

ICM vs. Plus500

ICM and Plus500 are both respected trading platforms, each providing distinct benefits and disadvantages to traders. IC Markets is liked for its reduced spreads, fast trade execution, and advanced trading tools, making it a well-liked choice among seasoned traders and scalpers. Plus500, on the other hand, is recognized for its straightforward and user-friendly platform, making it suitable for novices. Plus-500 also offers a broader range of trading instruments, including index CFDs, shares, and ETFs. Nevertheless, its higher spreads and reduced platform customization options may be less attractive to pro traders compared to ICM’s more advanced offerings.

ICM vs. XM

ICM and XM are both highly regarded online trading platforms, each with distinct pros and drawbacks. IC Markets is appreciated for its tight spreads, rapid execution, and complex trading tools, catering to professional traders and scalpers. On the other hand, XM is known for its varied account types,suiting traders with different experience levels and investment sizes. XM also provides outstanding customer support and a vast range of educational resources for beginner traders. However, ICM surpasses XM in terms of trading instruments variety and platform customization. While both platforms have their advantages, traders must weigh their specific preferences and objectives when selecting between them.

ICM vs. Forex.com

ICM and Forex.com are both leading online trading platforms, each with particular strengths and disadvantages. IC Markets is esteemed for its minimal spreads, rapid trade execution, and complex trading tools, making it an enticing option for professional traders and scalping traders. In contrast, Forex.com offers a comprehensive range of trading instruments, including forex, indexes, commodity markets, and cryptocurrencies, appealing to a more diverse audience. Forex.com also provides extensive educational materials for newcomers. Nevertheless, its platform may not be as user-friendly as ICM’s, and it has a tendency to have higher fees. In the end, traders should take into account their individual requirements and preferences when selecting between these two platforms.

ICM vs. IG

ICM and IG are both established online trading services, each providing unique advantages and disadvantages. IC Markets is known for its competitive spreads, rapid trade execution, and sophisticated trading tools, making it a preferred choice for professional traders and scalping traders. In contrast, IG offers a more extensive range of tradable instruments, including stocks, forex,commodity markets, and cryptocurrencies, appealing to varied investor preferences. IG also offers an comprehensive suite of learning materials and a intuitive platform suitable for novices. Nevertheless, IG’s elevated fees may discourage cost-conscious traders. When making a decision between the two platforms, traders should evaluate their personal preferences and trading goals.

ICM vs. Pepperstone

IC Markets and Pepperstone are both reputable trading platforms, each with its own range of benefits and disadvantages. ICM is known for its minimal spreads, fast trade execution, and advanced trading tools, making it an ideal option for seasoned traders and scalping traders. On the other hand, Pepperstone is praised for its excellent customer support and user-friendly platform, appealing to traders of all skill levels. Moreover, Pepperstone offers a selection of account types, catering to different trading styles and investment amounts. However, ICM provides a more extensive range of trading instruments. Traders should weigh their specific requirements and preferences when deciding between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both notable online trading platforms, each with distinct pros and cons. ICM is renowned for its narrow spreads, quick trade execution, and complex trading tools, making it a preferred choice among professional traders and scalping traders. In contrast, Saxo Bank offers a comprehensive range of trading instruments, including forex, stocks, fixed income, ETFs, and others, catering to traders with wide-ranging hobbies. Additionally, Saxo Bank provides a advanced platform with advanced research tools and a solid focus on protection. However, Saxo Bank’s higher fees and minimum deposit amounts may dissuade cost-conscious traders, who might favor ICM’s more accessible offerings.

ICM vs. FXCM

IC Markets and FXCM are both reputable online trading services, each offering unique benefits and cons to traders. ICM is known for its narrow spreads, fast trade execution, and complex trading tools, making it a favored choice among professional traders and scalping traders. In contrast, FXCM offers a user-friendly platform and a broad range of educational materials, making it better suited for new traders. Furthermore, FXCM offers a selection of trading instruments, including forex, indexes, and commodity markets. However, its higher fees and spreads may be less appealing to budget-minded traders compared to ICM’s better pricing model. Investors should take into account their unique preferences and interests when choosing between these two platforms.

ICM vs. OANDA

IC Markets and OANDA are both well-regarded online trading platforms, each with its unique set of positives and cons. IC Markets is celebrated for its reduced spreads, fast trade execution, and high-tech trading tools, making it an attractive option for experienced 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. Additionally, OANDA provides adjustable trade sizes and solid regulatory compliance. Yet, its spreads and fees may be not as favorable relative to IC Markets. When selecting between these two platforms, traders should evaluate their specific preferences and trading goals.

ICM vs. AvaTrade

ICM and AvaTrade are both well-known online trading services, each presenting different benefits and drawbacks. ICM is famous for its tight spreads, fast trade execution, and sophisticated trading tools, making it an optimal choice for experienced traders and scalping traders. In contrast, AvaTrade offers a simple-to-use platform, a vast range of educational materials, and a diverse choice of trading instruments, appealing to traders of various experience levels. But, AvaTrade’s fees and spreads may be higher than what is offered by ICM. When choosing between the two platforms, traders should evaluate their unique necessities and interests to arrive at the most suitable choice.

 

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Often Asked Questions (FAQs)

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

How can I set up an trading account with IC Markets?
To set up an account with IC Markets, go to their site and press on “Start an Account.” Fill in the required data, send your ID papers, and finalize the confirmation process.

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

Am I able to use ICMarkets in the USA?
ICMarkets doesn’t accept customers from the United States owing to legal restrictions.

What trading platforms does IC Markets provide?
IC Markets features MT4, MT5, and {cTrader} trading platforms.

What instruments can I trade on ICMarkets?
You may trade foreign exchange, CFDs, {commodities}, {indices}, crypto, {bonds}, and {futures} on ICMarkets.

Do ICMarkets provide a practice account?
Certainly, ICMarkets offers a no-cost demo account that enables you to practice trading with imaginary money and access all features of the platform.

What sorts of trading accounts does ICMarkets provide?
IC Markets offers 3 kinds of accounts: Standard Account, Raw Spread, and Islamic (Swap-free) Account.

In what way can IC Markets earn money?
IC Markets makes money through bid-ask spreads, fees on particular types of accounts, and charges for additional features such as Virtual Private Server hosting or third-party applications.

How may I get in touch with IC Markets’ customer support?
You are able to contact ICMarkets’ support via live chat, {email}, or telephone. Their customer support team is accessible around the clock.

Conclusion

ICMarkets is a respected as well as strongly regulated trading platform that offers a wide selection of financial instruments, competitive {spreads}, and a variety of advanced trading platforms.

The platform is specifically suitable for experienced traders, but novices might discover its resources limited. In general, IC Markets is a reliable choice for traders seeking a trustworthy and feature-rich trading platform.

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