When Icmarkets Broker ➡️14 SURPRISING TRICKS

Discover why ICM is a well-known trading platform in 2023. Obtain an thorough view at its features, pros and cons, and a comparison with the best 10 competitors.

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ICM is a top trading platform that has provided exceptional services to equally retail and institutional customers ever since 2007. This specific assessment will examine the platform’s capabilities, its benefits and drawbacks, and the way it contrasts to its best 10 rivals. We shall also tackle the very FAQs about ICM, providing a comprehensive guide to assist you formulate an informed choice about your platform of choice.

ICM Overview

Started in 2007, based in Sydney, Australia Regulated by ASIC, CySEC, and FSA Offers a wide array of trading instruments, such as Forex, CFDs, commodities, indices, and cryptocurrencies.

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Reasons to Choose ICM?

  • Competitive spreads and reduced fees
  • Multiple trading platforms available
  • Superb customer support
  • Quick order execution
  • Premium trading tools and resources

IC Markets Trading Platforms

MetaTrader 4 (MT4)

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

MetaTrader 5 (MT5){Advanced} variant of MT4

  • More technical indicators and timeframes
  • Financial calendar integrated
  • Depth of market feature
  • Risk management allowed

cTrader

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

Instruments for Trading

  • Forex: More than 60 currency pairs
  • Indexes: twenty-three significant global indexes
  • Commodities: Valuable metals, energy, and agricultural products
  • Digital currencies: Bitcoin, Ethereum, LTC, and additional
  • Bonds: Government bonds of significant countries
  • Futures contracts: Access to international futures exchanges

Types of Accounts

  • Typical Account
  • Raw Spread Account
  • Islamic Account

IC Markets deposit methods

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

As of my previous knowledge, IC Markets gave the following funding methods for your trading profile:

Wire Transfer

You can transfer money directly from bank to your IC Markets account. This technique may take a several business days to process.

Credit/Debit Cards

IC Markets accepts major credit/debit cards, such as Visa card and Mastercard, to make deposits. These operations are handled quickly.

E-wallets and Online Payment Systems

IC Markets accepts various popular e-wallets and payment platforms, such as among others:

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

Local Bank Transfers

In some locations, IC Markets provides the choice of local bank transfers, in which you can deposit funds straight from domestic bank account to your investment account without international transaction fees.

Broker Transfer

If you’re switching from another broker to IC Markets, you may be able to transfer your money directly between the two of the brokers.

Please note that the availability of such funding methods might differ based on your country, and there extra methods or changes in the deposit methods.

It’s crucial to examine the IC Markets website or contact its customer support for the most recent and correct information on offered deposit options.

Furthermore, while adding money to your IC Markets account, please consider the below:

Fees

Certain deposit methods may have charges

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

Processing time

While numerous funding options are instant or almost instant, certain options like wire transfers might require multiple business days to process.

Currency

IC Markets usually provides accounts in different denominations, like USD, Euros, AUD,British pounds, as well as others. Be sure to pick the correct account currency to decrease exchange fees while adding money.

Verification process

To comply with regulations, IC Markets might require you to submit personal identification documents as well as address verification prior to you can fund your account and begin trading. Make sure that your account has been completely verified to avoid any issues in adding or taking out funds.

Remember to check the website of IC Markets or get in touch with their support team for the latest and accurate details about funding methods, charges, as well as processing times.

Pros and Cons of IC Markets

Benefits

  • Broad array of trading instruments
  • Attractive spreads & low fees
  • Choice of trading platforms
  • Quick and reliable execution
  • Excellent customer support

Cons

  • No fixed spread accounts
  • Limited educational resources aimed at beginners
  • Dormancy fee following twelve months of inactivity

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IC Markets vs. Top Ten Rivals

ICM vs. e-Toro

IC Markets and eToro are both well-known trading platforms, each with its own set of pros and disadvantages. ICM is well-regarded for its minimal spreads and rapid trade execution, making it ideal for seasoned traders and scalping traders. Additionally, its provision for a more extensive range of financial instruments and complex trading tools appeals to {experienced|seasoned investors. On the other hand, eToro’s user-friendly platform and social trading options appeal to newcomers and occasional traders. Its copy trading functionality permits users to imitate the tactics of successful traders. Nonetheless, eToro’s higher fees and restricted customization options may discourage more seasoned traders from the platform.

IC Markets vs. Plus-500

IC Markets and Plus-500 are both respected trading platforms, each presenting exclusive benefits and cons to traders. ICM is favored for its low spreads, high-speed trade execution, and complex trading tools, making it a favored choice among professional traders and scalping traders. Plus500, on the other hand, is noted for its user-friendly and easy-to-use platform, making it suitable for newcomers. Plus500 also offers a wider range of trading instruments, including CFDs on indices, shares, and ETFs. Nonetheless, its elevated spreads and reduced platform customization options may be less attractive to seasoned traders compared to ICM’s more advanced offerings.

ICM vs. XM

ICM and XM are both well-respected online trading services, each with unique benefits and disadvantages. IC Markets is appreciated for its narrow spreads, quick execution, and sophisticated trading tools, appealing to experienced traders and scalpers. Comparatively, XM is known for its wide-ranging account types,catering to traders with varying experience levels and capital sizes. XM also boasts superb customer support and a wide range of educational resources for new traders. Nonetheless, IC Markets excels over XM in terms of variety of trading instruments and platform customization. While both platforms have their advantages, traders must assess their individual requirements and goals when deciding between them.

IC Markets vs. Forex.com

IC Markets and Forex.com are both prominent trading platforms, each with particular benefits and drawbacks. ICM is esteemed for its low spreads, quick trade execution, and advanced trading tools, making it an enticing option for pro traders and scalpers. In contrast, Forex.com offers a extensive range of trading instruments, including forex, indexes, commodities, and cryptocurrencies, catering to a wider audience. Forex.com also supplies extensive learning materials for beginners. Nonetheless, its platform may not be as intuitive as IC Markets’, and it has a tendency to have elevated fees. Eventually, traders should consider their individual requirements and priorities when selecting between these two platforms.

ICM vs. IG

ICM and IG are both well-established online trading services, each offering distinct advantages and cons. ICM is recognized for its low spreads, quick trade execution, and advanced trading tools, making it a popular choice for seasoned traders and scalpers. Conversely, IG boasts a more extensive range of tradeable instruments, including shares, forex,commodity markets, and digital currencies, catering to varied investor preferences. IG also offers an comprehensive suite of educational materials and a easy-to-use platform suitable for newcomers. Nevertheless, IG’s elevated fees may deter price-sensitive traders. When deciding between the two platforms, traders should consider their specific preferences and trading goals.

IC Markets vs. Pepperstone

ICM and Pepperstone are both respected online trading services, each with its own set of benefits and disadvantages. IC Markets is recognized for its minimal spreads, rapid trade execution, and complex trading tools, making it an ideal option for professional traders and scalpers. On the other hand, Pepperstone is praised for its superb customer support and easy-to-use platform, appealing to traders of all levels. Furthermore, Pepperstone offers a range of account types, accommodating different trading styles and capital sizes. Nonetheless, IC Markets provides a wider range of trading instruments. Traders should consider their unique demands and preferences when deciding between these two platforms.

ICM vs. Saxo Bank

ICM and Saxo Bank are both prominent online trading platforms, each with different pros and disadvantages. IC Markets is famed for its narrow spreads, speedy trade execution, and sophisticated trading tools, making it a favored choice among professional traders and scalpers. In contrast, Saxo Bank offers a comprehensive range of trading instruments, including foreign exchange, shares, bonds, exchange-traded funds, and more, catering to investors with diverse tastes. Furthermore, Saxo Bank provides a advanced platform with sophisticated research tools and a solid focus on security. Nonetheless, Saxo Bank’s elevated fees and minimum deposit amounts may dissuade cost-conscious traders, who might prefer ICM’s simpler offerings.

IC Markets vs. FXCM

ICM and FXCM are both credible online trading services, each offering different advantages and cons to traders. IC Markets is recognized for its narrow spreads, fast trade execution, and complex trading tools, making it a favored choice among experienced traders and scalping traders. On the other hand, FXCM offers a intuitive platform and a vast range of educational resources, making it ideal for beginner traders. Moreover, FXCM offers a selection of trading instruments, including forex, indexes, and commodity markets. Nonetheless, its increased fees and spreads may be less enticing to budget-minded traders relative to IC Markets’ more competitive fees. Users should take into account their individual needs and preferences when selecting between these two platforms.

IC Markets vs. OANDA

ICM and OANDA are both trusted trading platforms, each with its distinct set of pros and negatives. ICM is celebrated for its low spreads, quick trade execution, and high-tech trading tools, making it an attractive option for professional traders and scalpers. On the other hand, OANDA offers a user-friendly platform and a vast range of educational materials, appealing to traders at all experience levels. Furthermore, OANDA provides adjustable trade sizes and strong regulation. Nonetheless, its spreads and fees may be higher in comparison to ICM. When choosing between these two platforms, traders should weigh their individual priorities and trading goals.

IC Markets vs. AvaTrade

IC Markets and AvaTrade are both well-known trading platforms, each presenting distinct pros and cons. IC Markets is famous for its tight spreads, quick trade execution, and state-of-the-art trading tools, making it an perfect choice for pro traders and scalpers. Conversely, AvaTrade offers a intuitive platform, a broad range of educational resources, and a diverse selection of trading instruments, appealing to traders of varying experience levels. But, AvaTrade’s fees and spreads may be not as attractive than those offered by IC Markets. When deciding between the two platforms, traders should consider their individual requirements and interests to arrive at the best choice.

 

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Commonly Asked Questions (FAQs)

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

How can I set up an account with ICMarkets?
To set up an account with IC Markets, visit their site and click on “Start an Account.” Complete the needed info, submit your identification papers, and finish the verification process.

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

Can I use ICMarkets in the United States?
IC Markets does not allow clients from the US owing to regulatory restrictions.

What platforms does ICMarkets provide?
ICMarkets provides MetaTrader 4, MetaTrader 5, and {cTrader} trading platforms.

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

Does IC Markets provide a practice account?
Yes, IC Markets provides a complimentary demo account that lets you test investing with imaginary funds and use all functions of the platform.

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

How does IC Markets earn money?
ICMarkets makes money via bid-ask spreads, fees on certain types of accounts, and charges for additional services such as Virtual Private Server hosting or third-party resources.

How am I able to reach IC Markets’ customer service?
You may get in touch with ICMarkets’ support through chat, {email}, or phone. Their customer support team is available 24/7.

Final thoughts

ICMarkets is a respected as well as well-regulated trading platform that offers a wide selection of financial instruments, attractive {spreads}, and a variety of sophisticated platforms.

The platform is specifically fit for advanced investors, but newcomers might encounter its educational resources scarce. In general, ICMarkets is a solid option for investors searching for a trustworthy and fully-featured platform.

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