Ic Markets Referral Id ☑️6 SIMPLE FACTS

Learn why IC Markets is a prevalent trading platform in 2023. Receive an thorough glimpse at its capabilities, pros & cons, and a evaluation with the top 10 rivals.

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Intro

ICM is a prominent trading platform that has been providing superb services to both retail and institutional clients ever since 2007. This particular analysis will explore the platform’s characteristics, its pros and cons, and how it contrasts to its top 10 competitors. Additionally, we shall also address the most common questions about ICM, offering a complete guide to aid you make an informed decision about your platform of choice.

ICM Overview

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

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Why Pick IC Markets?

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

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • Intuitive interface
  • Extensive selection of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Mobile phone trading available on iOS and Android

MetaTrader 5 (MT5){Advanced} version of MT4

  • Extra technical indicators and timeframes
  • Financial calendar embedded
  • Market depth feature
  • Risk management allowed

cTrader

  • Created for CFD and Forex trading
  • Contemporary and intuitive interface
  • Sophisticated charting tools
  • Personalized workspace

Instruments for Trading

  • Forex: Over sixty currency pairs
  • Indexes: 23 major global indices
  • Products: Valuable metals, energy, and agricultural products
  • Crypto assets: Bitcoin, Ethereum, LTC, & more
  • Fixed income: Sovereign bonds from major countries
  • Futures contracts: Access to global futures markets

Types of Accounts

  • Typical Account
  • Tight Spread Account
  • Islamic Account

IC Markets funding methods

For the most up-to-date and correct details, it is always best to visit the website of IC Markets or get in touch with its customer support team.

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

Bank Wire Transfer

You can send money straight from your bank account to your IC Markets profile. This method may take a couple of business days to process.

Credit/Debit Cards

IC Markets accepts major credit and debit cards, such as Visa card and Mastercard card, to make fund transfers. Such operations are usually handled immediately.

E-wallets and Online Payment Systems

IC Markets supports several famous e-wallets and online payment systems, including but not limited to:

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

Domestic Bank Transfers

In certain countries, IC Markets offers the choice of local bank-to-bank transfers, where you can transfer money straight from your local bank to your investment profile with no international transaction fees.

Broker Transfer

In case you’re switching between another broker to IC Markets, you might have the ability to transfer your funds directly between the two of the firms.

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

It’s essential to check the website of IC Markets or contact their customer service to get the most up-to-date and accurate details on offered deposit options.

Additionally, while depositing funds to your account, kindly be aware of the below:

Fees

Some funding options may incur fees

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

Processing time

While numerous funding options might be immediate or almost instant, certain methods such as wire transfers might require several working days to finalize.

Currency

IC Markets generally provides accounts in several currencies, such as USD, Euros, Australian dollars,GBP, and more. Make sure to pick the appropriate account currency to decrease conversion fees when adding funds.

Account verification

To comply with regulations, IC Markets might ask you give personal identification documents as well as address verification before you can fund your account & begin trading. Verify that your profile is completely verified to prevent any potential delays in adding and withdrawing funds.

Continually visit the IC Markets website or get in touch with its customer support to obtain the latest and accurate information about funding methods, charges, and timeframes.

Advantages and Disadvantages of ICM

Pros

  • Wide range of trading instruments
  • Competitive spreads and minimal fees
  • Choice of trading platforms
  • Quick & reliable execution
  • Outstanding customer support

Drawbacks

  • Not offering fixed accounts
  • Limited educational resources targeted at beginners
  • Inactivity fee after 12 months of non-activity

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IC Markets vs. Top 10 Competitors

IC Markets vs. e-Toro

IC Markets and e-Toro are both famous online trading platforms, each with their own set of advantages and disadvantages. IC Markets is celebrated for its reduced spreads and quick trade execution, making it optimal for professional traders and scalping traders. Additionally, its provision for a broader range of instruments and complex trading tools caters to {experienced|seasoned investors. In contrast, e-Toro’s user-friendly platform and social trading features cater to beginners and casual traders. Its copy trading functionality permits users to mirror the tactics of accomplished traders. Nonetheless, eToro’s increased fees and reduced customization options may dissuade more veteran traders from the platform.

IC Markets vs. Plus500

ICM and Plus-500 are both respected online trading services, each offering exclusive pros and drawbacks to traders. ICM is favored for its minimal spreads, fast trade execution, and complex trading tools, making it a well-liked choice among professional traders and scalpers. Plus-500, on the other hand, is noted for its straightforward and accessible platform, making it appropriate 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 enticing to professional traders compared to ICM’s more sophisticated offerings.

IC Markets vs. XM

ICM and XM are both well-regarded online trading services, each with unique pros and cons. ICM is esteemed for its narrow spreads, rapid execution, and advanced trading tools, appealing to professional traders and scalpers. Comparatively, XM is known for its diverse account types,accommodating traders with different experience levels and capital sizes. XM also provides excellent customer support and a vast range of educational resources for beginner traders. Yet, IC Markets excels over XM in terms of trading instruments variety and platform customization. While both platforms have their strengths, traders must consider their individual needs and objectives when selecting between them.

ICM vs. Forex.com

ICM and Forex.com are both leading online trading services, each with particular advantages and disadvantages. IC Markets is valued for its low spreads, quick trade execution, and sophisticated trading tools, making it an attractive option for professional traders and scalping traders. In contrast, Forex.com offers a wide-ranging range of trading instruments, including forex, indexes, commodities, and digital currencies, appealing to a more diverse audience. Forex.com also offers comprehensive educational resources for beginners. Nonetheless, its platform may not be as easy-to-use as ICM’s, and it tends to have elevated fees. Ultimately, traders should take into account their personal preferences and priorities when selecting between these two platforms.

ICM vs. IG

IC Markets and IG are both reputable online trading services, each providing distinct advantages and drawbacks. IC Markets is famous for its low spreads, quick trade execution, and complex trading tools, making it a favored choice for pro traders and scalping traders. In contrast, IG boasts a more extensive range of tradable instruments, including shares, foreign exchange,commodity markets, and cryptocurrencies, catering to diverse investor interests. IG also offers an extensive suite of educational materials and a intuitive platform ideal for newcomers. Nevertheless, IG’s increased fees may discourage price-sensitive traders. When deciding between the two platforms, traders should weigh their personal preferences and trading goals.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy trading platforms, each with its own array of pros and cons. IC Markets is recognized for its low spreads, fast trade execution, and sophisticated trading tools, making it an perfect option for seasoned traders and scalpers. On the other hand, Pepperstone is celebrated for its superb customer support and intuitive platform, appealing to traders of all skill levels. Moreover, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. Nonetheless, IC Markets provides a more extensive range of trading instruments. Traders should consider their unique demands and tastes when deciding between these two platforms.

IC Markets vs. Saxo Bank

ICM and Saxo Bank are both notable trading platforms, each with different pros and disadvantages. IC Markets is famed for its low spreads, quick trade execution, and complex trading tools, making it a favored choice among pro traders and scalpers. In contrast, Saxo Bank offers a wide-ranging range of trading instruments, including forex, stocks, fixed income, ETFs, and more, appealing to investors with diverse interests. Moreover, Saxo Bank provides a sophisticated platform with sophisticated research tools and a robust focus on security. Yet, Saxo Bank’s higher fees and required minimum deposits may discourage budget-minded traders, who might opt for ICM’s easier-to-access offerings.

IC Markets vs. FXCM

ICM and FXCM are both reputable trading platforms, each offering distinct advantages and drawbacks to traders. ICM is recognized for its narrow spreads, quick trade execution, and advanced trading tools, making it a preferred choice among experienced traders and scalping traders. Conversely, FXCM offers a user-friendly platform and a wide range of learning materials, making it better suited for new traders. Moreover, FXCM offers a variety of trading instruments, including foreign exchange, indexes, and commodity markets. However, its increased fees and spreads may be less appealing to price-sensitive traders relative to IC Markets’ better pricing structure. Traders should consider their individual preferences and preferences when choosing between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both trusted online trading platforms, each with its unique set of advantages and disadvantages. ICM is lauded for its minimal spreads, quick trade execution, and advanced trading tools, making it an alluring option for experienced traders and scalpers. In contrast, OANDA offers a easy-to-use platform and a wide range of educational resources, catering to traders at all levels. Moreover, OANDA provides adjustable trade sizes and robust regulation. Yet, its spreads and fees may be not as favorable compared to ICM. When selecting between these two platforms, traders should consider their individual priorities and investment objectives.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both well-known trading platforms, each presenting distinct advantages and drawbacks. IC Markets is renowned for its minimal spreads, fast trade execution, and state-of-the-art trading tools, making it an ideal choice for professional traders and scalping traders. Conversely, AvaTrade offers a intuitive platform, a vast range of learning materials, and a wide choice of trading instruments, appealing to traders of various experience levels. However, AvaTrade’s fees and spreads may be not as attractive than the ones provided by IC Markets. When choosing between the two platforms, traders should evaluate their specific needs and interests to arrive at the most suitable choice.

 

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Regularly Asked Questions (FAQs)

Is IC Markets a authorized broker?
Indeed, ICMarkets is supervised by the ASIC, the CySEC, and the Financial Services Authority in {Seychelles}.

How do I open an trading account with ICMarkets?
To create an account with IC Markets, browse their website and press on “Open an Account.” Fill in the required data, submit your ID papers, and finalize the verification process.

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

Am I able to use IC Markets in the United States?
IC Markets doesn’t take customers from the US because of legal limitations.

What trading platforms does IC Markets provide?
ICMarkets features MT4, MetaTrader 5, and {cTrader} trading platforms.

What instruments can I trade on IC Markets?
You can trade Forex, CFDs, {commodities}, {indices}, crypto, {bonds}, and {futures} on IC Markets.

Does ICMarkets provide a demo account?
Certainly, IC Markets provides a no-cost demo account that enables you to test investing with imaginary money and access all features of the platform.

What kinds of trading accounts can ICMarkets provide?
IC Markets offers three sorts of accounts: Standard Account, Raw Spread, and Islamic.

How does ICMarkets make money?
ICMarkets earns money by bid-ask spreads, commissions on specific account types, and charges for additional features such as VPS hosting or third-party tools.

How am I able to get in touch with ICMarkets’ customer service?
You can get in touch with IC Markets’ customer service through live chat, {email}, or phone. Their support team is available 24 hours a day.

Conclusion

IC Markets is a reputable as well as strongly regulated trading platform that offers a broad selection of instruments, attractive {spreads}, and a selection of advanced trading platforms.

The trading platform is particularly appropriate for experienced investors, but novices might discover its educational resources limited. Overall, IC Markets is a strong option for investors searching for a reliable and feature-rich platform.

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