Ic Markets Singapore Review 🔴4 SURPRISING TRICKS

Learn why IC Markets is a well-known trading platform in 2023. Acquire an thorough look at its characteristics, benefits & drawbacks, and a contrast with the best 10 competitors.

ic markets broker 2

Intro

IC Markets is a preeminent trading platform that has provided exceptional offerings to equally retail and institutional customers from 2007. This assessment will explore the platform’s attributes, its pros and cons, and the way it stacks up to its top 10 competitors. We will also address the most frequently asked questions about ICM, providing a thorough manual to assist you make an informed choice about your platform of choice.

ICM Overview

Founded in 2007, based in Sydney, Australia Controlled by ASIC, CySEC, and FSA Offers a wide array of trading instruments, including Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

Enroll an account >

Why Choose IC Markets?

  • Aggressive spreads and minimal fees
  • Various trading platforms available
  • Outstanding customer support
  • Quick order execution
  • Superior trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • User-friendly interface
  • Extensive range of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Mobile phone trading accessible on iOS and Android

MetaTrader 5 (MT5){Advanced} edition of MT4

  • More technical indicators and timeframes
  • Economic calendar incorporated
  • DOM attribute
  • Hedging allowed

cTrader

  • Developed for CFD and Forex trading
  • Modern and easy-to-use interface
  • Cutting-edge charting tools
  • Personalized workspace

Instruments for Trading

  • Foreign exchange: Over 60 currency pairs
  • Indices: 23 major global indices
  • Products: Precious metals, energy, and agricultural goods
  • Crypto assets: Bitcoin, Ethereum, LTC, & more
  • Fixed income: Sovereign bonds from major countries
  • Futures: Access to international futures markets

Types of Accounts

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

IC Markets funding methods

For the most up-to-date and accurate details, it is consistently recommended to visit the website of IC Markets or get in touch with their support team.

Up to my previous update, IC Markets offered the below funding methods for your trading profile:

Bank Wire Transfer

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

Credit and Debit Cards

IC Markets accepts major credit and debit cards, like Visa and Mastercard, to make deposits. These operations are handled quickly.

E-wallets and Online Payment Systems

IC Markets accepts a number of famous electronic wallets and online payment systems, such as but not limited to:

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

Domestic Bank Transfers

Within some countries, IC Markets provides the choice of domestic bank transfers, where you can transfer funds straight from your domestic bank to your investment profile with no international transaction fees.

Broker-to-Broker Transfer

If you’re moving from an alternative broker to IC Markets, you might be able to move your funds directly among the two brokers.

Keep in mind that the accessibility of such deposit options might vary depending on your country, and there may be extra options or changes in the deposit methods.

It’s essential to verify the IC Markets website or get in touch with their customer service for the most up-to-date and correct details on offered funding methods.

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

Fees

Some deposit methods might have fees

Ensure to verify whether IC Markets or the payment service applies fees for the particular funding option you pick.

Deposit processing time

While several deposit methods might be immediate or almost instant, certain options like bank wire transfers might require a few business days to finalize.

Currency

IC Markets generally offers accounts in various denominations, such as USD, EUR, Australian dollars,British pounds, and more. Be sure to choose the correct currency to reduce exchange fees when depositing money.

Account verification

To comply with regulatory requirements, IC Markets may require you to give personal identification documents as well as address verification prior to you are able to fund your account & begin trading. Ensure that your profile is completely verified to prevent any delays in depositing and taking out funds.

Remember to check the IC Markets website or get in touch with its customer support for the latest and precise information concerning funding methods, fees, and timeframes.

Advantages and Disadvantages of ICM

Benefits

  • Wide variety of trading instruments
  • Low spreads & minimal fees
  • Choice of trading platforms
  • Fast and reliable execution
  • Superb customer support

Disadvantages

  • Lack of fixed spread accounts
  • Insufficient educational resources aimed at beginners
  • Idle fee after 12 months of non-activity

Visit ICMarkets >

IC Markets vs. Top 10 Competitors

ICM vs. e-Toro

IC Markets and eToro are both prevalent trading platforms, each with their own array of advantages and drawbacks. ICM is renowned for its minimal spreads and rapid trade execution, making it perfect for pro traders and scalpers. Moreover, its provision for a broader range of financial instruments and sophisticated trading tools caters to {experienced|seasoned investors. Conversely, eToro’s user-friendly platform and social trading capabilities cater to novices and occasional traders. Its copy trading functionality enables users to mirror the strategies of successful traders. Nonetheless, e-Toro’s higher fees and reduced customization options may discourage more experienced traders from the platform.

IC Markets vs. Plus-500

ICM and Plus-500 are both trustworthy online trading services, each providing exclusive pros and cons to traders. IC Markets is liked for its reduced spreads, rapid trade execution, and complex trading tools, making it a favored choice among seasoned traders and scalping traders. Plus500, on the other hand, is noted for its user-friendly and accessible platform, making it ideal for beginners. Plus500 also offers a broader range of trading instruments, including index CFDs, shares, and ETFs. Nevertheless, its higher spreads and restricted platform customization options may be less enticing to pro traders compared to IC Markets’ more complex offerings.

IC Markets vs. XM

ICM and XM are both well-regarded trading platforms, each with distinct benefits and disadvantages. ICM is esteemed for its narrow spreads, quick execution, and sophisticated trading tools, catering to experienced traders and scalpers. In comparison, XM is famed for its varied account types,accommodating traders with varying experience levels and capital sizes. XM also provides superb customer support and a vast range of educational resources for new traders. Nonetheless, IC Markets excels over XM in terms of variety of trading instruments and platform customization. While both platforms have their merits, traders must consider their individual preferences and targets when deciding between them.

IC Markets vs. Forex.com

ICM and Forex.com are both prominent online trading platforms, each with specific strengths and weaknesses. ICM is valued for its low spreads, rapid trade execution, and advanced trading tools, making it an attractive option for pro traders and scalpers. On the other hand, Forex.com offers a comprehensive range of trading instruments, including foreign exchange, indexes, commodities, and crypto assets, catering to a more diverse audience. Forex.com also provides comprehensive learning materials for novices. Nevertheless, 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 individual preferences and interests when deciding between these two platforms.

IC Markets vs. IG

ICM and IG are both well-established trading platforms, each presenting distinct pros and disadvantages. IC Markets is known for its competitive spreads, rapid trade execution, and sophisticated trading tools, making it a popular choice for seasoned traders and scalping traders. On the other hand, IG features a wider range of tradable instruments, including shares, forex,commodity markets, and digital currencies, appealing to diverse investor interests. IG also offers an extensive suite of learning materials and a easy-to-use platform suitable for newcomers. Nevertheless, IG’s higher fees may dissuade cost-conscious traders. When deciding between the two platforms, traders should weigh their specific needs and investment goals.

ICM vs. Pepperstone

IC Markets and Pepperstone are both trustworthy trading platforms, each with its own range of advantages and cons. IC Markets is recognized for its low spreads, fast trade execution, and advanced trading tools, making it an ideal option for pro traders and scalping traders. On the other hand, Pepperstone is celebrated for its excellent customer support and intuitive platform, catering to traders of all experience levels. Furthermore, Pepperstone offers a variety of account types, accommodating different trading styles and capital sizes. Nonetheless, ICM provides a broader range of trading instruments. Traders should take into account their particular demands and interests when choosing between these two platforms.

ICM vs. Saxo Bank

IC Markets and Saxo Bank are both notable online trading platforms, each with distinct pros and cons. ICM is known for its narrow spreads, speedy trade execution, and sophisticated trading tools, making it a favored choice among pro traders and scalpers. On the other hand, Saxo Bank offers a comprehensive range of trading instruments, including forex, shares, fixed income, exchange-traded funds, and more, appealing to traders with diverse interests. Additionally, Saxo Bank provides a sophisticated platform with in-depth research tools and a robust focus on security. However, Saxo Bank’s higher fees and minimum deposit amounts may discourage budget-minded traders, who might opt for IC Markets’ easier-to-access offerings.

IC Markets vs. FXCM

ICM and FXCM are both trustworthy online trading platforms, each offering distinct advantages and drawbacks to investors. ICM is famous for its minimal spreads, quick trade execution, and advanced trading tools, making it a popular choice among professional traders and scalpers. Conversely, FXCM offers a user-friendly platform and a broad range of educational resources, making it more suitable for novice traders. Moreover, FXCM offers a selection of trading instruments, including foreign exchange, indexes, and commodities. Nonetheless, its increased fees and spreads may be less attractive to budget-minded traders in comparison to ICM’s better fees. Investors should weigh their individual requirements and preferences when selecting between these two platforms.

IC Markets vs. OANDA

ICM and OANDA are both trusted online trading platforms, each with its distinct set of pros and cons. ICM is celebrated for its reduced spreads, speedy trade execution, and advanced trading tools, making it an appealing option for pro traders and scalpers. On the other hand, OANDA offers a easy-to-use platform and a wide range of learning materials, appealing to traders at all levels. Additionally, OANDA provides flexible trade sizes and solid regulatory oversight. Nonetheless, its spreads and fees may be higher in comparison to IC Markets. When deciding between these two platforms, traders should consider their personal interests and investment objectives.

IC Markets vs. AvaTrade

ICM and AvaTrade are both prominent online trading services, each presenting unique pros and drawbacks. IC Markets is famous for its minimal spreads, quick trade execution, and advanced trading tools, making it an ideal choice for professional traders and scalpers. In contrast, AvaTrade offers a intuitive platform, a vast range of learning materials, and a wide array of trading instruments, appealing to traders of different experience levels. But, 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 unique requirements and priorities to make the best choice.

 

ic markets broker 1

Register an account >

Commonly Asked Questions (FAQs)

Is ICMarkets a licensed broker?
Indeed, ICMarkets is regulated by the ASIC, the Cyprus Securities and Exchange Commission, and the Financial Services Authority in {Seychelles}.

How can I set up an trading account with IC Markets?
To set up an account with ICMarkets, go to their site and click on “Open an Account.” Fill in the needed data, provide your ID papers, and finalize the verification process.

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

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

What platforms does IC Markets provide?
IC Markets features MetaTrader 4, MT5, and {cTrader} trading platforms.

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

Do IC Markets provide a demo account?
Yes, ICMarkets offers a complimentary demo account that enables you test investing with simulated money and use all functions of the trading platform.

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

In what way can ICMarkets earn money?
ICMarkets earns money via bid-ask spreads, commissions on certain account types, and fees for additional services such as Virtual Private Server hosting or external applications.

In what way can I reach IC Markets’ customer service?
You can reach ICMarkets’ customer service by live chat, {email}, or phone. Their support team is available 24 hours a day.

Summary

ICMarkets is a trustworthy as well as well-regulated trading platform that offers a broad array of instruments, competitive {spreads}, and a selection of advanced platforms.

The platform is specifically appropriate for seasoned traders, but novices may find its educational resources scarce. In general, ICMarkets is a reliable selection for investors looking for a trustworthy and feature-rich platform.

Register an account >

Other Articles About IC Markets