Ic Markets Trading Hours Christmas 🔴8 REVEALING FACTS

Uncover why IC Markets is a well-known trading platform in 2023. Receive an comprehensive view at its characteristics, pros and cons, and a evaluation with the top 10 competitors.

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Intro

IC Markets is a top trading platform that has provided outstanding solutions to both retail and institutional clients since 2007. This particular analysis will delve into the platform’s attributes, its pros and cons, and how it stacks up to its best 10 contenders. We will also tackle the very common questions about IC Markets, providing a total resource to help you create an knowledgeable decision about your trading platform of choice.

IC Markets Overview

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

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Reasons to Pick IC Markets?

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

IC Markets Trading Platforms

MetaTrader 4 (MT4)

  • Industry-standard platform
  • User-friendly interface
  • Extensive range 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 integrated
  • Depth of market feature
  • Risk management allowed

cTrader

  • Designed for CFD and Forex trading
  • Sleek and easy-to-use interface
  • Sophisticated charting tools
  • Adjustable workspace

Trading Instruments

  • Foreign exchange: Above sixty currency pairs
  • Indices: twenty-three major global indexes
  • Products: Precious metals, energy, and agricultural goods
  • Crypto assets: Bitcoin, Ethereum, Litecoin, and additional
  • Fixed income: Sovereign bonds of major countries
  • Futures: Accessibility to worldwide futures exchanges

Account Types

  • Typical Account
  • Raw Spread Account
  • Swap-free Account

IC Markets funding options

To get the most recent and precise data, it’s consistently recommended to go to the IC Markets website or get in touch with their support staff.

As of my previous knowledge, IC Markets provided the next deposit options to fund your trading account:

Bank Wire Transfer

You can send money straight from bank account to your IC Markets trading account. This method may take a several working days to process.

Credit/Debit Cards

IC Markets accepts key credit/debit cards, such as Visa and Mastercard, to make fund transfers. These operations are handled instantly.

E-wallets and Online Payment Systems

IC Markets supports various famous electronic wallets and payment platforms, such as among others:

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

Local Bank Transfers

Within some locations, IC Markets provides the choice of local bank-to-bank transfers, where you can transfer funds straight from domestic bank to your trading account without incurring.

Broker-to-Broker Transfer

In case you are switching between an alternative firm to IC Markets, you may be able to transfer your funds directly among the two of the firms.

Keep in mind that the availability of such deposit options may vary depending on your country of residence, and there additional options or changes in the deposit methods.

It’s crucial to check the website of IC Markets or get in touch with their customer support to get the latest and accurate details on available funding methods.

Moreover, while depositing funds to your IC Markets account, please note the below:

Deposit fees

Some deposit methods might have charges

Ensure to check if IC Markets or the payment service applies fees to the particular funding option you pick.

Processing time

Although many funding options are instant or almost instant, certain methods such as wire transfers may require several working days to finalize.

Currency

IC Markets typically offers accounts in various currencies, like USD, Euros, AUD,GBP, and more. Be sure to select the appropriate account currency to reduce exchange fees when adding money.

Verification process

In compliance with regulatory requirements, IC Markets may ask you to provide ID documents and proof of residence prior to you can fund your account and begin trading. Verify that your profile is completely approved to avoid any potential issues in depositing and taking out money.

Remember to check the website of IC Markets or get in touch with its support team for the latest and precise data regarding deposit options, charges, as well as timeframes.

Benefits and Drawbacks of IC Markets

Pros

  • Extensive array of trading instruments
  • Attractive spreads & low fees
  • Choice of trading platforms
  • Fast & reliable execution
  • Outstanding customer support

Drawbacks

  • Not offering fixed accounts
  • Restricted educational resources aimed at beginners
  • Idle fee after 12 months of dormancy

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IC Markets vs. Top 10 Competitors

ICM vs. eToro

IC Markets and eToro are both famous online trading services, both with its own array of benefits and cons. IC Markets is celebrated for its minimal spreads and fast execution, making it perfect for pro traders and scalpers. Moreover, its support for a more extensive range of trading instruments and advanced trading tools appeals to {experienced|seasoned investors. In contrast, eToro’s user-friendly platform and social trading capabilities cater to newcomers and casual traders. Its copy trading functionality allows users to emulate the tactics of successful traders. Nevertheless, eToro’s increased fees and limited customization options may discourage more veteran traders from the platform.

ICM vs. Plus500

IC Markets and Plus500 are both reputable online trading services, each offering exclusive pros and cons to traders. ICM is favored for its reduced spreads, high-speed trade execution, and sophisticated trading tools, making it a well-liked choice among seasoned traders and scalpers. Plus-500, on the other hand, is known for its straightforward and user-friendly platform, making it suitable for beginners. Plus500 also offers a broader range of trading instruments, including CFDs on indices, shares, and ETFs. Nonetheless, its higher spreads and restricted platform customization options may be less appealing to pro traders compared to IC Markets’ more sophisticated offerings.

ICM vs. XM

IC Markets and XM are both well-regarded online trading platforms, each with unique advantages and drawbacks. ICM is esteemed for its low spreads, quick execution, and sophisticated trading tools, appealing to professional traders and scalpers. In comparison, XM is known for its varied account types,catering to traders with diverse experience levels and investment amounts. XM also boasts outstanding customer support and a broad range of educational resources for new traders. Nonetheless, IC Markets surpasses XM in terms of trading instruments variety and platform customization. While both platforms have their merits, traders must consider their specific requirements and goals when choosing between them.

IC Markets vs. Forex.com

IC Markets and Forex.com are both prominent online trading platforms, each with unique strengths and weaknesses. ICM is esteemed for its low spreads, fast trade execution, and advanced trading tools, making it an attractive option for seasoned traders and scalping traders. On the other hand, Forex.com offers a comprehensive range of trading instruments, including forex, indexes, commodity markets, and digital currencies, appealing to a more diverse audience. Forex.com also offers broad educational resources for novices. Nonetheless, its platform may not be as intuitive as ICM’s, and it tends to have higher fees. Ultimately, traders should take into account their personal requirements and priorities when selecting between these two platforms.

IC Markets vs. IG

IC Markets and IG are both well-established online trading platforms, each providing different pros and drawbacks. IC Markets is recognized for its attractive spreads, rapid trade execution, and sophisticated trading tools, making it a preferred choice for pro traders and scalpers. In contrast, IG features a wider range of tradable instruments, including shares, foreign exchange,commodity markets, and digital currencies, catering to diverse investor preferences. IG also offers an extensive suite of educational resources and a user-friendly platform appropriate for newcomers. Nevertheless, IG’s higher fees may deter budget-minded traders. When choosing between the two platforms, traders should weigh their personal requirements and trading goals.

IC Markets vs. Pepperstone

IC Markets and Pepperstone are both trustworthy online trading platforms, each with its own array of benefits and drawbacks. IC Markets is recognized for its reduced spreads, fast trade execution, and advanced trading tools, making it an ideal option for professional traders and scalping traders. On the other hand, Pepperstone is acclaimed for its excellent customer support and easy-to-use platform, appealing to traders of all skill levels. Furthermore, Pepperstone offers a range of account types, suiting different trading styles and investment amounts. Yet, ICM provides a more extensive range of trading instruments. Traders should consider their unique demands and preferences when choosing between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both notable online trading services, each with distinct advantages and disadvantages. ICM is famed for its low spreads, quick trade execution, and sophisticated trading tools, making it a popular choice among experienced traders and scalpers. In comparison, Saxo Bank offers a comprehensive range of trading instruments, including foreign exchange, stocks, bonds, ETFs, and more, catering to traders with wide-ranging interests. Moreover, Saxo Bank provides a complex platform with in-depth research tools and a strong focus on safety. However, Saxo Bank’s higher fees and required minimum deposits may deter budget-minded traders, who might prefer IC Markets’ easier-to-access offerings.

IC Markets vs. FXCM

IC Markets and FXCM are both credible trading platforms, each offering unique benefits and drawbacks to investors. ICM is recognized for its narrow spreads, quick trade execution, and sophisticated trading tools, making it a favored choice among professional traders and scalpers. On the other hand, FXCM offers a user-friendly platform and a broad range of educational materials, making it ideal for novice traders. Additionally, FXCM offers a variety of trading instruments, including foreign exchange, indices, and commodities. Nonetheless, its increased fees and spreads may be less appealing to budget-minded traders relative to ICM’s more competitive pricing model. Traders should consider their personal preferences and interests when choosing between these two platforms.

IC Markets vs. OANDA

ICM and OANDA are both respected online trading services, each with its distinct array of advantages and cons. IC Markets is praised for its low spreads, quick trade execution, and sophisticated trading tools, making it an attractive option for professional traders and scalpers. Conversely, OANDA offers a user-friendly platform and a vast range of learning materials, appealing to traders at all experience levels. Moreover, OANDA provides more flexible trade sizes and solid regulatory oversight. Nonetheless, its spreads and fees may be higher compared to IC Markets. When choosing between these two platforms, traders should consider their individual interests and investment objectives.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both well-known online trading services, each presenting unique pros and disadvantages. ICM is renowned for its low spreads, rapid trade execution, and state-of-the-art trading tools, making it an optimal choice for experienced traders and scalpers. In contrast, AvaTrade offers a user-friendly platform, a vast range of educational resources, and a varied selection of trading instruments, catering to traders of varying experience levels. But, AvaTrade’s fees and spreads may be less competitive than the ones provided by IC Markets. When choosing between the two platforms, traders should consider their specific necessities and priorities to reach the optimal choice.

 

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Frequently Asked Questions (FAQs)

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

How do I open an trading account with ICMarkets?
To create an trading account with IC Markets, browse their site and press on “Create an Account.” Fill in the necessary information, send your ID papers, and complete the verification process.

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

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

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

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

Does ICMarkets offer a practice account?
Certainly, ICMarkets offers a complimentary demo account that lets you to test investing with virtual money and use all functions of the platform.

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

In what way does ICMarkets earn money?
ICMarkets earns money via spreads, commissions on certain types of accounts, and fees for extra features such as Virtual Private Server hosting or third-party tools.

How am I able to reach IC Markets’ customer service?
You can reach IC Markets’ customer support via live chat, {email}, or phone. Their support team is available 24 hours a day.

Final thoughts

IC Markets is a reputable and well-regulated trading platform that provides a wide range of financial instruments, attractive {spreads}, and a selection of sophisticated trading platforms.

The trading platform is specifically suitable for seasoned investors, but novices may discover its educational resources limited. Overall, IC Markets is a strong choice for traders looking for a trustworthy and fully-featured trading platform.

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