Ic Markets Social Trading ☑️15 SIMPLE HACKS

Uncover why ICM is a popular trading platform in 2023. Receive an detailed glimpse at its features, advantages & disadvantages, and a evaluation with the top 10 rivals.

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ICM is a foremost trading platform that provides superb offerings to equally retail and institutional customers since 2007. This specific assessment will examine the platform’s attributes, its pros and cons, and the way it stacks up to its best 10 competitors. Additionally, we shall also tackle the very common questions about ICM, supplying a thorough manual to help you make an knowledgeable decision about your trading platform of choice.

IC Markets Overview

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

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Reasons to Choose IC Markets?

  • Aggressive spreads and reduced fees
  • Several trading platforms accessible
  • Terrific customer support
  • High-speed order execution
  • Superior trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • User-friendly interface
  • Broad variety of technical analysis tools
  • Automatic trading with Expert Advisors (EAs)
  • Mobile phone trading available on iOS and Android

MetaTrader 5 (MT5){Advanced} variant of MT4

  • Extra technical indicators and timeframes
  • Financial calendar incorporated
  • Depth of market function
  • Hedging allowed

cTrader

  • Tailored for CFD and Forex trading
  • Modern and easy-to-use interface
  • Sophisticated charting tools
  • Customizable workspace

Instruments for Trading

  • Foreign exchange: Above sixty currency pairs
  • Indices: twenty-three key global indexes
  • Products: Precious metals, energy, and agricultural goods
  • Digital currencies: Bitcoin, ETH, LTC, and additional
  • Fixed income: Government bonds from significant countries
  • Futures contracts: Access to international futures exchanges

Account Types

  • Regular Account
  • Raw Spread Account
  • Swap-free Account

IC Markets funding methods

To get the most up-to-date and correct information, it is consistently recommended to visit the IC Markets website or get in touch with its customer support staff.

Up to my last update, IC Markets provided the following funding methods to fund your investment profile:

Wire Transfer

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

Credit and Debit Cards

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

E-wallets and Online Payment Systems

IC Markets supports a number of famous e-wallets and online payment systems, including among others:

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

Local Bank Transfers

In some countries, IC Markets offers the choice of domestic bank-to-bank transfers, where you can deposit money straight from your local bank to your trading account with no international transaction fees.

Broker Transfer

In case you are switching between another broker to IC Markets, you may be able to transfer your money straight among the two of the brokers.

Keep in mind that the availability of these funding options may vary based on your country, and there additional methods or changes in the deposit methods.

It’s important to verify the website of IC Markets or get in touch with its support for the most recent and accurate information on available deposit methods.

Furthermore, while adding funds into your account, kindly consider the following:

Deposit fees

Certain deposit methods may incur charges

Ensure to examine whether IC Markets or the payment service charges any fees for the particular funding option you pick.

Processing time

Although many deposit methods might be instant or near-instant, certain options such as bank wire transfers might require a few business days to complete.

Account currency

IC Markets typically provides trading accounts in several currencies, like US dollars, EUR, Australian dollars,GBP, as well as more. Be sure to select the appropriate currency to decrease exchange fees when adding money.

Account verification

In compliance with regulations, IC Markets may require you provide personal identification documents as well as proof of residence prior to you can fund your account & begin trading. Verify that your profile is fully approved to avoid any potential issues in adding and taking out funds.

Continually check the website of IC Markets or contact their customer service for the latest and accurate details about deposit options, fees, and processing times.

Benefits and Drawbacks of ICM

Advantages

  • Broad array of trading instruments
  • Attractive spreads and low fees
  • Option of trading platforms
  • Quick and dependable execution
  • Exceptional customer support

Drawbacks

  • No fixed spread accounts
  • Insufficient educational resources aimed at beginners
  • Idle fee after 12 months of non-activity

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IC Markets vs. Top Ten Competitors

ICM vs. eToro

ICM and e-Toro are both popular trading platforms, each with their own collection of benefits and disadvantages. ICM is well-regarded for its low spreads and quick execution, making it perfect for pro traders and scalpers. Additionally, its provision for a wider range of trading instruments and complex trading tools caters to {experienced|seasoned investors. In contrast, e-Toro’s easy-to-use platform and social trading features cater to novices and casual traders. Its copy trading functionality permits users to emulate the strategies of accomplished traders. Nonetheless, e-Toro’s higher fees and reduced customization options may deter more seasoned traders from the platform.

IC Markets vs. Plus-500

IC Markets and Plus-500 are both respected online trading platforms, each providing distinct benefits and disadvantages to traders. IC Markets is liked for its minimal spreads, fast trade execution, and complex trading tools, making it a favored choice among experienced traders and scalping traders. Plus-500, on the other hand, is recognized for its user-friendly and accessible platform, making it ideal for newcomers. Plus500 also offers a wider range of trading instruments, including index CFDs, shares, and exchange-traded funds. However, its increased spreads and restricted platform customization options may be less enticing to pro traders compared to ICM’s more sophisticated offerings.

ICM vs. XM

IC Markets and XM are both well-regarded trading platforms, each with different pros and cons. IC Markets is esteemed for its tight spreads, quick execution, and sophisticated trading tools, catering to professional traders and scalpers. Comparatively, XM is famed for its wide-ranging account types,accommodating traders with varying experience levels and investment sizes. XM also boasts excellent customer support and a wide range of educational resources 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 assess their specific preferences and goals when selecting between them.

IC Markets vs. Forex.com

ICM and Forex.com are both prominent online trading platforms, each with specific benefits and drawbacks. IC Markets is respected for its minimal spreads, quick trade execution, and complex trading tools, making it an appealing option for professional traders and scalping traders. Conversely, Forex.com offers a comprehensive range of trading instruments, including foreign exchange, indexes, commodities, and crypto assets, appealing to a wider audience. Forex.com also provides broad educational materials for beginners. Nevertheless, its platform may not be as easy-to-use as IC Markets’, and it tends to have higher fees. Ultimately, traders should weigh their personal requirements and interests when choosing between these two platforms.

ICM vs. IG

ICM and IG are both established online trading platforms, each providing different benefits and drawbacks. ICM is known for its low spreads, quick trade execution, and sophisticated trading tools, making it a popular choice for professional traders and scalpers. Conversely, IG boasts a wider range of tradeable instruments, including stocks, foreign exchange,commodity markets, and crypto assets, catering to varied investor tastes. IG also offers an broad suite of learning materials and a easy-to-use platform suitable for novices. Nonetheless, IG’s elevated fees may deter price-sensitive traders. When choosing between the two platforms, traders should weigh their personal requirements and trading goals.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy online trading platforms, each with its own range of advantages and drawbacks. IC Markets is acknowledged for its minimal spreads, fast trade execution, and advanced trading tools, making it an optimal option for seasoned traders and scalpers. On the other hand, Pepperstone is celebrated for its outstanding customer support and user-friendly platform, appealing to traders of all skill levels. Moreover, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. Yet, ICM provides a wider range of trading instruments. Traders should take into account their particular demands and preferences when deciding between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both distinguished online trading services, each with different advantages and cons. ICM is famed for its minimal spreads, quick trade execution, and sophisticated trading tools, making it a preferred choice among experienced traders and scalpers. On the other hand, Saxo Bank offers a thorough range of trading instruments, including foreign exchange, stocks, fixed income, ETFs, and more, catering to investors with varied tastes. Additionally, Saxo Bank provides a complex platform with in-depth research tools and a solid focus on safety. Nonetheless, Saxo Bank’s higher fees and minimum deposit requirements may discourage budget-minded traders, who might opt for IC Markets’ more accessible offerings.

IC Markets vs. FXCM

IC Markets and FXCM are both trustworthy online trading services, each offering unique pros and cons to traders. ICM is famous for its minimal spreads, fast trade execution, and advanced trading tools, making it a preferred choice among professional traders and scalpers. Conversely, FXCM features a easy-to-use platform and a wide range of educational materials, making it ideal for novice traders. Moreover, FXCM offers a range of trading instruments, including foreign exchange, indexes, and commodities. Nonetheless, its higher fees and spreads may be less attractive to cost-conscious traders in comparison to IC Markets’ superior pricing structure. Investors should take into account their unique needs and preferences when deciding between these two platforms.

ICM vs. OANDA

IC Markets and OANDA are both trusted online trading services, each with its distinct array of advantages and cons. IC Markets is praised for its minimal spreads, quick trade execution, and sophisticated trading tools, making it an attractive option for pro traders and scalpers. In contrast, OANDA offers a easy-to-use platform and a wide range of learning materials, appealing to traders at all experience levels. Furthermore, OANDA provides flexible trade sizes and strong regulatory oversight. However, its spreads and fees may be not as favorable in comparison to ICM. When deciding between these two platforms, traders should consider their specific interests and trading goals.

ICM vs. AvaTrade

IC Markets and AvaTrade are both leading trading platforms, each presenting unique benefits and drawbacks. IC Markets is renowned for its tight spreads, quick trade execution, and advanced trading tools, making it an ideal choice for professional traders and scalpers. On the other hand, AvaTrade offers a user-friendly platform, a vast range of educational materials, and a diverse choice of trading instruments, appealing to traders of different experience levels. But, AvaTrade’s fees and spreads may be less competitive than those offered by ICM. When deciding between the two platforms, traders should evaluate their individual necessities and priorities to make the best choice.

 

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Commonly Asked Questions (FAQs)

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

How do I set up an trading account with ICMarkets?
To open an trading account with IC Markets, visit their site and press on “Open an Account.” Provide the needed data, send your ID papers, and finalize the confirmation process.

What is the minimum deposit for ICMarkets?
The lowest deposit for ICMarkets is 200 dollars or its equivalent in your local currency.

Can I use IC Markets in the US?
ICMarkets does not accept customers from the USA due to regulatory constraints.

What trading platforms can IC Markets offer?
IC Markets features MT4, MT5, and {cTrader} platforms.

What financial instruments am I able to invest in on IC Markets?
You may trade foreign exchange, contracts for difference, {commodities}, {indices}, digital currencies, {bonds}, and {futures} on IC Markets.

Do IC Markets provide a demo account?
Yes, ICMarkets offers a no-cost demo account that enables you to test investing with simulated funds and use all features of the platform.

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

How does IC Markets earn money?
ICMarkets makes money through spreads, commissions on certain types of accounts, and charges for additional features such as VPS hosting or external resources.

In what way may I contact ICMarkets’ customer support?
You may reach ICMarkets’ customer support through chat, {email}, or phone. Their customer support team is reachable 24 hours a day.

Conclusion

ICMarkets is a reputable and strongly regulated platform that provides a wide selection of financial instruments, favorable {spreads}, and a choice of sophisticated platforms.

The trading platform is particularly appropriate for experienced traders, but novices might find its educational resources limited. In general, IC Markets is a solid option for investors seeking a trustworthy and fully-featured trading platform.

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