Ic Markets Spread List ᐅ13 SHOCKING FACTS

Find out why ICM is a prevalent trading platform in 2023. Get an in-depth glimpse at its features, advantages & disadvantages, and a contrast with the leading 10 rivals.

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Intro

IC Markets is a preeminent trading platform that provides superb services to both retail and institutional customers ever since 2007. This particular review will delve into the platform’s capabilities, its pros and cons, and the way it contrasts to its top 10 rivals. We will shall also discuss the very FAQs about IC Markets, offering a complete guide to aid you formulate an educated decision about your trading platform of choice.

ICM Overview

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

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Why Select ICM?

  • Competitive spreads and low fees
  • Multiple trading platforms offered
  • Exceptional customer support
  • Fast order execution
  • Unrivaled trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • Easy-to-use interface
  • Broad selection of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Mobile phone trading available on iOS and Android

MetaTrader 5 (MT5){Advanced} edition of MT4

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

cTrader

  • Created for CFD and Forex trading
  • Sleek and easy-to-use interface
  • Enhanced charting tools
  • Customizable workspace

Trading Instruments

  • Forex: Above sixty currency pairs
  • Indices: twenty-three significant global indexes
  • Products: Precious metals, energy, and agricultural goods
  • Cryptocurrencies: Bitcoin, ETH, LTC, and extra
  • Fixed income: Govt. bonds of major countries
  • Futures: Accessibility to worldwide futures markets

Account Types

  • Standard Account
  • Raw Spread Account
  • Islamic Account

IC Markets funding options

To get the latest and correct details, it is always best to go to the IC Markets website or get in touch with their customer service staff.

Up to my previous knowledge, IC Markets provided the next deposit options for your trading profile:

Bank Wire Transfer

You can transfer money directly from bank to your IC Markets profile. This method might require a several working days to process.

Credit and Debit Cards

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

Electronic Payment Systems

IC Markets accepts several well-known e-wallets and online payment systems, such as among others:

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

Domestic Bank Transfers

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

Broker-to-Broker Transfer

In case you are switching from another broker to IC Markets, you may have the ability to transfer your money directly among the two brokers.

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

It’s essential to check the website of IC Markets or contact its customer support to get the most up-to-date and precise details on available funding methods.

Moreover, while adding money into your IC Markets account, kindly be aware of the following:

Deposit fees

Certain funding options might incur charges

Be sure to check if IC Markets or the payment service applies any fees for the specific funding option you choose.

Deposit processing time

Although several funding options are immediate or near-instant, certain options such as wire transfers may require multiple business days to process.

Currency

IC Markets generally offers trading accounts in various denominations, like USD, EUR, Australian dollars,GBP, as well as more. Be sure to select the appropriate currency to decrease exchange fees while depositing money.

Verification process

In accordance with regulatory requirements, IC Markets might require you provide personal identification documents as well as address verification before you are able to deposit funds & begin trading. Ensure that your account is completely approved to avoid any potential issues in depositing or withdrawing funds.

Continually visit the website of IC Markets or get in touch with its customer support to obtain the latest and correct data concerning funding methods, fees, and timeframes.

Benefits and Drawbacks of IC Markets

Advantages

  • Extensive array of trading instruments
  • Competitive spreads & minimal fees
  • Selection of trading platforms
  • Speedy & reliable execution
  • Excellent customer support

Drawbacks

  • Not offering fixed spread accounts
  • Insufficient educational resources aimed at beginners
  • Idle fee following twelve months of inactivity

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IC Markets vs. Top 10 Rivals

ICM vs. e-Toro

ICM and e-Toro are both famous trading platforms, both with its own set of advantages and disadvantages. IC Markets is famed for its low spreads and rapid execution, making it perfect for seasoned traders and scalping traders. Moreover, its provision for a wider range of instruments and advanced trading tools caters to {experienced|seasoned investors. Conversely, eToro’s easy-to-use platform and social trading options cater to newcomers and occasional traders. Its copy-trading functionality allows users to mirror the tactics of prosperous traders. However, eToro’s increased fees and limited customization options may discourage more seasoned traders from the platform.

ICM vs. Plus-500

IC Markets and Plus-500 are both respected online trading services, each offering distinct pros and cons to traders. ICM is preferred for its low spreads, high-speed trade execution, and complex trading tools, making it a well-liked choice among professional traders and scalpers. Plus-500, on the other hand, is known for its straightforward and accessible platform, making it suitable for newcomers. Plus500 also offers a more extensive range of trading instruments, including CFDs on indices, shares, and exchange-traded funds. Nonetheless, its higher spreads and reduced platform customization options may be less enticing to seasoned traders compared to ICM’s more complex offerings.

ICM vs. XM

ICM and XM are both well-respected online trading services, each with distinct advantages and disadvantages. ICM is appreciated for its low spreads, quick execution, and advanced trading tools, appealing to experienced traders and scalpers. In comparison, XM is known for its diverse account types,accommodating traders with different experience levels and investment sizes. XM also provides excellent customer support and a vast range of learning materials for novice traders. Yet, ICM surpasses XM in terms of variety of trading instruments and platform customization. While both platforms have their merits, traders must assess their personal requirements and goals when selecting between them.

ICM vs. Forex.com

ICM and Forex.com are both well-known trading platforms, each with unique strengths and drawbacks. IC Markets is respected for its minimal spreads, rapid trade execution, and complex trading tools, making it an appealing option for professional traders and scalping traders. On the other hand, Forex.com offers a wide-ranging range of trading instruments, including foreign exchange, indices, commodity markets, and cryptocurrencies, catering to a broader audience. Forex.com also supplies broad educational materials for newcomers. However, its platform may not be as user-friendly as IC Markets’, and it has a tendency to have increased fees. In the end, traders should consider their personal needs and preferences when selecting between these two platforms.

IC Markets vs. IG

IC Markets and IG are both well-established online trading platforms, each providing different benefits and disadvantages. IC Markets is recognized for its low spreads, rapid trade execution, and complex trading tools, making it a popular choice for seasoned traders and scalpers. Conversely, IG features a more extensive range of tradable instruments, including stocks, foreign exchange,commodities, and digital currencies, appealing to diverse investor tastes. IG also offers an broad suite of learning materials and a intuitive platform appropriate for beginners. Nonetheless, IG’s increased fees may dissuade price-sensitive traders. When making a decision between the two platforms, traders should evaluate their specific requirements and trading objectives.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy online trading services, each with its own set of benefits and drawbacks. ICM is acknowledged for its low spreads, rapid trade execution, and advanced trading tools, making it an ideal option for seasoned traders and scalpers. On the other hand, Pepperstone is acclaimed for its superb customer support and user-friendly platform, catering to traders of all experience levels. Moreover, Pepperstone offers a variety of account types, accommodating different trading styles and investment amounts. However, ICM provides a wider range of trading instruments. Traders should weigh their specific requirements and preferences when deciding between these two platforms.

IC Markets vs. Saxo Bank

IC Markets and Saxo Bank are both distinguished online trading services, each with different advantages and cons. IC Markets is famed for its low spreads, fast trade execution, and advanced trading tools, making it a popular choice among pro traders and scalpers. In comparison, Saxo Bank offers a thorough range of trading instruments, including foreign exchange, shares, bonds, exchange-traded funds, and additional instruments, appealing to traders with wide-ranging interests. Moreover, Saxo Bank provides a advanced platform with in-depth research tools and a strong focus on security. Nonetheless, Saxo Bank’s higher fees and minimum deposit requirements may discourage price-sensitive traders, who might opt for ICM’s easier-to-access offerings.

ICM vs. FXCM

ICM and FXCM are both trustworthy trading platforms, each offering different advantages and disadvantages to traders. ICM is famous for its low spreads, fast trade execution, and advanced trading tools, making it a favored choice among pro traders and scalping traders. Conversely, FXCM boasts a intuitive platform and a vast range of learning materials, making it ideal for novice traders. Furthermore, FXCM offers a selection of trading instruments, including forex, indices, and commodity markets. Nonetheless, its higher fees and spreads may be less attractive to cost-conscious traders relative to ICM’s better fees. Users should weigh their unique requirements and priorities when deciding between these two platforms.

IC Markets vs. OANDA

ICM and OANDA are both well-regarded online trading services, each with its own collection of pros and negatives. ICM is celebrated for its low spreads, speedy trade execution, and sophisticated trading tools, making it an appealing option for experienced traders and scalpers. On the other hand, OANDA offers a intuitive platform and a wide range of learning materials, appealing to traders at all experience levels. Furthermore, OANDA provides adjustable trade sizes and strong regulation. Yet, its spreads and fees may be not as favorable relative to IC Markets. When deciding between these two platforms, traders should consider their personal priorities and trading objectives.

IC Markets vs. AvaTrade

ICM and AvaTrade are both well-known trading platforms, each presenting unique advantages and drawbacks. ICM is renowned for its minimal spreads, quick trade execution, and advanced trading tools, making it an optimal choice for experienced traders and scalpers. Conversely, AvaTrade offers a user-friendly platform, a wide range of educational materials, and a diverse array of trading instruments, appealing to traders of various experience levels. Nonetheless, AvaTrade’s fees and spreads may be not as attractive than the ones provided by ICM. When choosing between the two platforms, traders should consider their unique necessities and priorities to arrive at the most suitable choice.

 

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Often Asked Questions (FAQs)

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

How do I set up an trading account with ICMarkets?
To create an account with ICMarkets, visit their site and click on “Start an Account.” Fill in the necessary data, submit your identification papers, and complete the confirmation process.

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

Am I able to use IC Markets in the USA?
ICMarkets doesn’t allow customers from the USA due to legal limitations.

What platforms can IC Markets offer?
ICMarkets offers MT4, MetaTrader 5, and {cTrader} platforms.

What financial instruments am I able to invest in on ICMarkets?
You are able to trade Forex, CFDs, {commodities}, {indices}, crypto, {bonds}, and {futures} on IC Markets.

Does ICMarkets provide a practice account?
Certainly, ICMarkets provides a no-cost practice account that enables you to practice trading with imaginary money and access all capabilities of the trading platform.

What types of accounts does ICMarkets provide?
ICMarkets offers three types of accounts: Standard Account, Raw Spread Account, and Swap-free.

In what way can ICMarkets make money?
IC Markets makes money through spreads, commissions on particular types of accounts, and charges for extra features such as Virtual Private Server hosting or third-party applications.

In what way may I reach IC Markets’ support?
You may reach IC Markets’ customer service by live chat, {email}, or phone. Their support team is accessible around the clock.

Final thoughts

IC Markets is a respected and well-regulated trading platform that provides a wide range of instruments, attractive {spreads}, and a choice of advanced trading platforms.

The platform is particularly appropriate for advanced traders, but newcomers may encounter its resources scarce. Overall, ICMarkets is a strong option for investors looking for a dependable and fully-featured trading platform.

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