Is Ic Markets Raw Or Standard? ☑️4 REVEALING HACKS

Find out why ICM is a well-known trading platform in 2023. Receive an thorough look at its capabilities, benefits & drawbacks, and a contrast with the top 10 competitors.

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Intro

IC Markets is a top trading platform that has provided excellent offerings to both retail and institutional customers ever since 2007. This review will explore the platform’s capabilities, its benefits and drawbacks, and how it contrasts to its best 10 rivals. We shall also address the very frequently asked questions about IC Markets, offering a comprehensive manual to help you create an knowledgeable selection about your trading platform of choice.

IC Markets Overview

Founded in 2007, based in Sydney, Australia Controlled by ASIC, CySEC, and FSA Provides a extensive array of trading instruments, such as Foreign exchange, CFDs, commodities, indices, and cryptocurrencies.

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Reasons to Opt for IC Markets?

  • Competitive spreads and reduced fees
  • Several trading platforms accessible
  • Outstanding customer support
  • Fast order execution
  • Premium trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

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

MetaTrader 5 (MT5){Advanced} version of MT4

  • Additional technical indicators and timeframes
  • Financial calendar embedded
  • Market depth feature
  • Hedging allowed

cTrader

  • Developed for CFD and Forex trading
  • Contemporary and user-friendly interface
  • Enhanced charting tools
  • Personalized workspace

Trading Instruments

  • Foreign exchange: More than 60 currency pairs
  • Indices: 23 key global indices
  • Products: Valuable metals, energy, and agricultural products
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and extra
  • Bonds: Government bonds from significant countries
  • Futures: Access to global futures exchanges

Types of Accounts

  • Regular Account
  • Tight Spread Account
  • Islamic Account

IC Markets deposit options

For the most recent and accurate information, it is always recommended to check out the IC Markets website or get in touch with its customer service team.

As of my previous knowledge, IC Markets provided the following funding methods for your investment account:

Bank Wire Transfer

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

Credit and Debit Cards

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

E-wallets and Online Payment Systems

IC Markets supports a number of well-known electronic wallets and payment platforms, including but not limited to:

  • PayPal
  • Neteller
  • Skrill system
  • FasaPay
  • UnionPayWebMoney

Local Bank Transfers

In some locations, IC Markets provides the option of local bank-to-bank transfers, where you can deposit funds straight from local bank account to your trading profile without international transaction fees.

Broker-to-Broker Transfer

If you’re moving from a different firm to IC Markets, you might be able to move your money straight between the two brokers.

Note that the accessibility of these deposit methods might differ based on your country, and there more methods or changes in the deposit methods.

It is essential to check the website of IC Markets or get in touch with their customer service for the most recent and correct details on available deposit options.

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

Deposit fees

Some funding options might incur charges

Make sure to check if IC Markets or the payment service charges fees to the particular deposit method you pick.

Processing time

While several deposit methods are instant or almost instant, some methods such as bank wire transfers might take multiple business days to process.

Currency

IC Markets usually provides accounts in various denominations, such as USD, EUR, AUD,British pounds, and others. Be sure to choose the appropriate account currency to reduce conversion fees while depositing money.

Verification process

To comply with regulatory requirements, IC Markets may require you give ID documents as well as proof of residence prior to you can fund your account and start investing. Ensure that your profile has been completely verified to prevent any potential issues in adding or taking out money.

Continually check the IC Markets website or contact its customer service to obtain the latest and accurate information about deposit options, fees, and processing times.

Pros and Cons of ICM

Advantages

  • Wide array of trading instruments
  • Attractive spreads and minimal fees
  • Option of trading platforms
  • Prompt & reliable execution
  • Excellent customer support

Disadvantages

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

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ICM vs. Top 10 Competitors

IC Markets vs. eToro

ICM and e-Toro are both famous online trading services, each with their own set of benefits and cons. ICM is renowned for its minimal spreads and quick trade execution, making it optimal for seasoned traders and scalpers. Moreover, its support for a more extensive range of financial instruments and advanced trading tools appeals to {experienced|seasoned investors. On the other hand, e-Toro’s easy-to-use platform and social trading options cater to beginners and occasional traders. Its copy trading functionality enables users to emulate the strategies of prosperous traders. Nevertheless, eToro’s elevated fees and reduced customization options may dissuade more experienced traders from the platform.

IC Markets vs. Plus500

IC Markets and Plus500 are both respected online trading platforms, each offering unique benefits and cons to traders. ICM is favored for its reduced spreads, fast trade execution, and advanced trading tools, making it a favored choice among experienced traders and scalping traders. Plus500, on the other hand, is recognized for its user-friendly and accessible platform, making it appropriate for novices. Plus-500 also offers a broader range of trading instruments, including index CFDs, shares, and ETFs. However, its increased spreads and restricted platform customization options may be less attractive to seasoned traders compared to ICM’s more complex offerings.

IC Markets vs. XM

ICM and XM are both well-respected trading platforms, each with different advantages and cons. ICM is appreciated for its tight spreads, quick execution, and advanced trading tools, catering to experienced traders and scalpers. Comparatively, XM is known for its diverse account types,suiting traders with diverse experience levels and investment amounts. XM also offers outstanding customer support and a broad range of educational materials for novice traders. Nonetheless, ICM surpasses XM in terms of variety of trading instruments and platform customization. While both platforms have their merits, traders must assess their personal needs and objectives when choosing between them.

IC Markets vs. Forex.com

ICM and Forex.com are both leading online trading services, each with specific benefits and disadvantages. IC Markets is valued for its reduced spreads, quick trade execution, and complex trading tools, making it an appealing option for pro traders and scalping traders. In contrast, Forex.com offers a comprehensive range of trading instruments, including forex, indices, commodity markets, and cryptocurrencies, appealing to a broader audience. Forex.com also provides comprehensive learning materials for newcomers. Nevertheless, its platform may not be as easy-to-use as ICM’s, and it tends to have higher fees. Ultimately, traders should weigh their personal needs and priorities when choosing between these two platforms.

ICM vs. IG

IC Markets and IG are both reputable online trading platforms, each providing different advantages and cons. IC Markets is known for its competitive spreads, quick trade execution, and advanced trading tools, making it a favored choice for seasoned traders and scalping traders. Conversely, IG boasts a wider range of tradeable instruments, including stocks, foreign exchange,commodity markets, and cryptocurrencies, appealing to diverse investor interests. IG also offers an broad suite of educational materials and a user-friendly platform ideal for beginners. Nonetheless, IG’s higher fees may discourage cost-conscious traders. When choosing between the two platforms, traders should consider their specific needs and trading goals.

ICM vs. Pepperstone

ICM and Pepperstone are both trustworthy online trading services, each with its own set of pros and disadvantages. ICM is acknowledged for its low spreads, fast trade execution, and advanced trading tools, making it an ideal option for professional traders and scalpers. On the other hand, Pepperstone is acclaimed for its superb customer support and easy-to-use platform, appealing to traders of all skill levels. Furthermore, Pepperstone offers a variety of account types, catering to different trading styles and investment amounts. However, ICM provides a more extensive range of trading instruments. Traders should consider their specific demands and preferences when selecting between these two platforms.

IC Markets vs. Saxo Bank

IC Markets and Saxo Bank are both distinguished trading platforms, each with unique pros and cons. IC Markets is renowned for its narrow spreads, fast trade execution, and advanced trading tools, making it a preferred choice among experienced traders and scalpers. On the other hand, Saxo Bank offers a wide-ranging range of trading instruments, including foreign exchange, stocks, bonds, ETFs, and additional instruments, appealing to traders with varied interests. Furthermore, Saxo Bank provides a complex platform with advanced research tools and a solid focus on protection. However, Saxo Bank’s higher fees and minimum deposit requirements may deter cost-conscious traders, who might favor ICM’s simpler offerings.

IC Markets vs. FXCM

IC Markets and FXCM are both reputable trading platforms, each offering unique advantages and disadvantages to traders. ICM is known for its narrow spreads, fast trade execution, and advanced trading tools, making it a preferred choice among pro traders and scalping traders. On the other hand, FXCM boasts a intuitive platform and a wide range of educational resources, making it ideal for new traders. Additionally, FXCM offers a range of trading instruments, including forex, indexes, and commodities. Nonetheless, its higher fees and spreads may be less enticing to budget-minded traders relative to ICM’s better fees. Traders should weigh their individual preferences and preferences when selecting between these two platforms.

IC Markets vs. OANDA

IC Markets and OANDA are both trusted online trading platforms, each with its unique set of pros and negatives. IC Markets is praised for its low spreads, speedy trade execution, and advanced trading tools, making it an alluring option for professional traders and scalpers. On the other hand, OANDA offers a easy-to-use platform and a broad range of educational resources, catering to traders at all levels. Furthermore, OANDA provides more flexible trade sizes and robust regulation. Yet, its spreads and fees may be less competitive compared to IC Markets. When choosing between these two platforms, traders should weigh their individual priorities and trading goals.

ICM vs. AvaTrade

IC Markets and AvaTrade are both well-known trading platforms, each presenting different advantages and drawbacks. IC Markets is celebrated for its tight spreads, quick trade execution, and advanced trading tools, making it an optimal choice for pro traders and scalping traders. Conversely, AvaTrade offers a intuitive platform, a broad range of educational resources, and a diverse choice of trading instruments, catering to traders of various experience levels. However, AvaTrade’s fees and spreads may be less competitive than what is offered by IC Markets. When making a decision between the two platforms, traders should take into account their individual necessities and priorities to reach the optimal choice.

 

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Commonly Asked Questions (FAQs)

Is IC Markets a regulated broker?
Yes, ICMarkets is regulated by the ASIC, the CySEC, and the Financial Services Authority in {Seychelles}.

How can I open an account with ICMarkets?
To set up an trading account with ICMarkets, browse their website and click on “Start an Account.” Fill in the needed information, submit your identification papers, and finish the confirmation process.

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

Am I able to use IC Markets in the United States?
IC Markets doesn’t allow customers from the United States owing to legal limitations.

What trading platforms can ICMarkets provide?
ICMarkets features MT4, MetaTrader 5, and {cTrader} trading platforms.

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

Do IC Markets offer a demo account?
Yes, IC Markets provides a no-cost demo account that allows you to practice trading with simulated funds and use all functions of the trading platform.

What types of accounts can ICMarkets provide?
ICMarkets provides 3 types of accounts: Standard Account, Raw Spread, and Islamic.

In what way can ICMarkets earn money?
ICMarkets earns money via spreads, fees on specific account types, and charges for additional features such as Virtual Private Server hosting or external tools.

In what way am I able to contact IC Markets’ support?
You may reach IC Markets’ customer service via chat, {email}, or telephone. Their support team is accessible 24 hours a day.

Conclusion

IC Markets is a trustworthy and strongly regulated trading platform that offers a vast array of financial instruments, competitive {spreads}, and a selection of sophisticated platforms.

The trading platform is particularly appropriate for seasoned investors, but beginners might discover its educational resources limited. In general, ICMarkets is a strong selection for traders seeking a trustworthy and feature-rich trading platform.

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