Ic Markets Trading Days ➡️3 UNUSUAL FACTS

Uncover why IC Markets is a prevalent trading platform in 2023. Obtain an thorough glimpse at its capabilities, benefits & drawbacks, and a contrast with the best 10 rivals.

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Intro

ICM is a prominent trading platform that has provided excellent offerings to both retail and institutional clients since 2007. This particular review will examine the platform’s capabilities, its pros and cons, and how it stacks up to its best 10 competitors. We shall also address the most FAQs about IC Markets, giving a comprehensive resource to help you create an informed choice about your platform of choice.

IC Markets Overview

Established in 2007, based in Sydney, Australia Controlled by ASIC, CySEC, and FSA Features a wide variety of trading instruments, such as Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

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Why Select ICM?

  • Aggressive spreads and low fees
  • Numerous trading platforms offered
  • Terrific customer support
  • High-speed order execution
  • Unrivaled trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

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

MetaTrader 5 (MT5){Advanced} version of MT4

  • Additional technical indicators and timeframes
  • Economic calendar embedded
  • Market depth attribute
  • Hedging allowed

cTrader

  • Tailored for CFD and Forex trading
  • Contemporary and easy-to-use interface
  • Enhanced charting tools
  • Personalized workspace

Instruments for Trading

  • Forex: Above sixty currency pairs
  • Indexes: twenty-three key global indices
  • Products: Precious metals, energy, and agricultural goods
  • Digital currencies: BTC, Ethereum, LTC, & extra
  • Bonds: Govt. bonds from major countries
  • Futures: Access to worldwide futures markets

Types of Accounts

  • Standard Account
  • Raw Spread Account
  • Islamic Account

IC Markets funding options

To get the most recent and precise details, it’s always recommended to go to the IC Markets website or contact their support staff.

Up to my previous knowledge, IC Markets gave the following deposit methods to fund your investment profile:

Bank Wire Transfer

You can transfer funds directly from bank account to your IC Markets trading account. This technique might require a couple of working days to complete.

Credit and Debit Cards

IC Markets takes major credit and debit cards, like Visa and Mastercard card, for deposits. These transactions are usually processed immediately.

Electronic Payment Systems

IC Markets accepts various well-known electronic wallets and payment platforms, such as but not limited to:

  • PayPal
  • Neteller
  • Skrill
  • FasaPay
  • UnionPay systemWebMoney

Domestic Bank Transfers

Within some countries, IC Markets provides the choice of local bank transfers, in which you can transfer funds straight from local bank to your trading account with no incurring.

Broker Transfer

If you are moving between a different broker to IC Markets, you may be able to move your money directly among the two brokers.

Please note that the accessibility of such deposit methods may differ depending on your country of residence, and there more methods or changes in the funding options.

It is crucial to check the website of IC Markets or get in touch with its support to get the most up-to-date and precise information on available deposit methods.

Moreover, when depositing money to your IC Markets account, please be aware of the below:

Fees

Some funding options may incur fees

Ensure to check if IC Markets or the payment service applies any fees to the particular deposit method you pick.

Deposit processing time

Though many deposit methods are immediate or near-instant, certain methods like wire transfers might require multiple working days to finalize.

Currency

IC Markets generally offers trading accounts in various denominations, such as US dollars, EUR, Australian dollars,British pounds, and others. Be sure to select the correct account currency to minimize exchange fees when depositing funds.

Verification process

In accordance with regulations, IC Markets might require you provide personal identification documents and address verification before you can deposit funds & begin trading. Verify that your account is fully verified to avoid any issues in depositing or taking out money.

Always visit the website of IC Markets or get in touch with its customer service for the most recent and precise details about deposit options, fees, and timeframes.

Pros and Cons of ICM

Advantages

  • Broad array of trading instruments
  • Competitive spreads & reduced fees
  • Selection of trading platforms
  • Prompt and dependable execution
  • Outstanding customer support

Cons

  • Lack of fixed accounts
  • Restricted educational resources aimed at beginners
  • Dormancy fee following 12 months of inactivity

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ICM vs. Top Ten Competitors

ICM vs. e-Toro

ICM and eToro are both prevalent online trading services, each with their own set of pros and disadvantages. IC Markets is renowned for its low spreads and rapid trade execution, making it ideal for seasoned traders and scalpers. Additionally, its support for a wider range of trading instruments and complex trading tools caters to {experienced|seasoned investors. On the other hand, eToro’s intuitive platform and social trading options appeal to newcomers and casual traders. Its copy-trading functionality enables users to emulate the approaches of accomplished traders. Nonetheless, eToro’s elevated fees and reduced customization options may discourage more veteran traders from the platform.

ICM vs. Plus500

IC Markets and Plus-500 are both respected trading platforms, each offering unique benefits and drawbacks to traders. ICM is liked for its low spreads, rapid trade execution, and sophisticated trading tools, making it a well-liked choice among experienced traders and scalping traders. Plus500, on the other hand, is known for its straightforward and user-friendly platform, making it appropriate for beginners. Plus500 also offers a wider range of trading instruments, including index CFDs, shares, and exchange-traded funds. Nonetheless, its elevated spreads and restricted platform customization options may be less enticing to seasoned traders compared to IC Markets’ more complex offerings.

ICM vs. XM

IC Markets and XM are both highly regarded online trading platforms, each with unique pros and disadvantages. ICM is valued for its narrow spreads, fast execution, and complex trading tools, catering to experienced traders and scalpers. In comparison, XM is renowned for its diverse account types,accommodating traders with varying experience levels and investment amounts. XM also offers excellent customer support and a vast range of learning materials for novice traders. However, IC Markets excels over XM in terms of trading instruments variety and platform customization. While both platforms have their merits, traders must assess their personal requirements and targets when deciding between them.

ICM vs. Forex.com

ICM and Forex.com are both leading online trading services, each with particular benefits and disadvantages. ICM is esteemed for its reduced spreads, fast trade execution, and sophisticated trading tools, making it an enticing option for seasoned traders and scalpers. On the other hand, Forex.com offers a extensive range of trading instruments, including foreign exchange, indexes, commodity markets, and digital currencies, catering to a broader audience. Forex.com also supplies comprehensive educational resources for beginners. However, its platform may not be as intuitive as ICM’s, and it tends to have increased fees. In the end, traders should weigh their specific requirements and preferences when choosing between these two platforms.

ICM vs. IG

IC Markets and IG are both well-established online trading platforms, each presenting different pros and cons. ICM is famous for its low spreads, fast trade execution, and complex trading tools, making it a preferred choice for professional traders and scalpers. Conversely, IG boasts a more extensive range of tradable instruments, including shares, foreign exchange,commodity markets, and crypto assets, appealing to varied investor interests. IG also offers an extensive suite of educational resources and a user-friendly platform ideal for beginners. Nevertheless, IG’s higher fees may deter price-sensitive traders. When choosing between the two platforms, traders should weigh their individual preferences and investment goals.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy online trading services, each with its own set of advantages and cons. IC Markets is recognized for its reduced spreads, quick trade execution, and complex trading tools, making it an ideal option for seasoned traders and scalping traders. On the other hand, Pepperstone is praised for its outstanding customer support and user-friendly platform, catering to traders of all levels. Moreover, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. However, IC Markets provides a broader range of trading instruments. Traders should weigh their particular demands and interests when deciding between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both prominent trading platforms, each with different pros and cons. ICM is famed for its minimal spreads, fast trade execution, and advanced trading tools, making it a favored choice among experienced traders and scalpers. In contrast, Saxo Bank offers a thorough range of trading instruments, including forex, stocks, fixed income, exchange-traded funds, and others, catering to traders with diverse tastes. Additionally, Saxo Bank provides a complex platform with advanced research tools and a robust focus on protection. Nonetheless, Saxo Bank’s increased fees and minimum deposit amounts may dissuade price-sensitive traders, who might prefer IC Markets’ easier-to-access offerings.

ICM vs. FXCM

IC Markets and FXCM are both trustworthy online trading services, each offering unique benefits and disadvantages to investors. IC Markets is known for its minimal spreads, quick trade execution, and complex trading tools, making it a favored choice among pro traders and scalpers. On the other hand, FXCM offers a user-friendly platform and a wide range of educational materials, making it more suitable for new traders. Moreover, FXCM offers a range of trading instruments, including foreign exchange, indexes, and commodities. Nonetheless, its increased fees and spreads may be less appealing to price-sensitive traders in comparison to ICM’s better fees. Users should consider their personal needs and priorities when deciding between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both well-regarded trading platforms, each with its distinct array of positives and disadvantages. IC Markets is lauded for its reduced spreads, quick trade execution, and sophisticated trading tools, making it an attractive option for pro traders and scalpers. On the other hand, OANDA offers a intuitive platform and a wide range of learning materials, appealing to traders at all levels. Moreover, OANDA provides adjustable trade sizes and solid regulatory oversight. However, its spreads and fees may be higher compared to IC Markets. When deciding between these two platforms, traders should consider their specific priorities and trading goals.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both leading online trading platforms, each presenting distinct pros and drawbacks. ICM is celebrated for its tight spreads, fast trade execution, and advanced trading tools, making it an perfect choice for professional traders and scalpers. On the other hand, AvaTrade offers a simple-to-use platform, a broad range of educational resources, and a wide array of trading instruments, appealing to traders of different experience levels. But, AvaTrade’s fees and spreads may be less competitive than what is offered by ICM. When making a decision between the two platforms, traders should consider their individual needs and priorities to arrive at the optimal choice.

 

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Regularly Asked Questions (FAQs)

Is ICMarkets a regulated broker?
Affirmative, IC Markets is supervised by the Australian Securities and Investments Commission, the Cyprus Securities and Exchange Commission, and the Financial Services Authority in {Seychelles}.

How can I create an trading account with IC Markets?
To set up an trading account with IC Markets, go to their site and press on “Start an Account.” Complete the needed info, send 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 base currency.

Can I use IC Markets in the United States?
ICMarkets does not accept customers from the United States due to regulatory restrictions.

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

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

Does ICMarkets offer a practice account?
Yes, IC Markets provides a free demo account that allows you to test trading with imaginary money and access all features of the platform.

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

In what way does ICMarkets make money?
IC Markets makes money by bid-ask spreads, commissions on certain types of accounts, and fees for additional features such as VPS hosting or third-party resources.

How may I get in touch with ICMarkets’ customer service?
You can reach IC Markets’ support by chat, {email}, or phone. Their support team is accessible around the clock.

Final thoughts

ICMarkets is a trustworthy and well-regulated platform that offers a vast array of financial instruments, attractive {spreads}, and a variety of sophisticated platforms.

The trading platform is particularly appropriate for experienced traders, but newcomers might find its resources scarce. Overall, IC Markets is a solid selection for traders looking for a dependable and fully-featured trading platform.

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