Youtube Icmarkets ➡️4 SIMPLE HACKS

Learn why IC Markets is a sought-after trading platform in 2023. Acquire an thorough view at its characteristics, pros & cons, and a evaluation with the best 10 opponents.

ic markets broker 2

Opening

ICM is a foremost trading platform that provides superb solutions to both retail and institutional clients ever since 2007. This specific assessment will investigate the platform’s capabilities, its pros and cons, and how it stacks up to its leading 10 rivals. We shall also tackle the most frequently asked questions about IC Markets, providing a thorough manual to aid you formulate an educated selection about your trading platform of choice.

ICM Overview

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

Sign up an account >

Reasons to Select ICM?

  • Competitive spreads and reduced fees
  • Various trading platforms offered
  • Excellent customer support
  • Fast order execution
  • Unrivaled trading tools and resources

ICM Trading Platforms

MetaTrader 4 (MT4)

  • Standard platform
  • Intuitive interface
  • Vast variety of technical analysis tools
  • Automated trading with Expert Advisors (EAs)
  • Mobile phone trading accessible on iOS and Android

MetaTrader 5 (MT5){Advanced} version of MT4

  • More technical indicators and timeframes
  • Economic calendar incorporated
  • DOM feature
  • Risk management allowed

cTrader

  • Tailored for CFD and Forex trading
  • Modern and intuitive interface
  • Enhanced charting tools
  • Customizable workspace

Trading Instruments

  • Forex: Above 60 currency pairs
  • Indexes: 23 key global indexes
  • Commodities: Precious metals, energy, and agricultural products
  • Cryptocurrencies: BTC, ETH, Litecoin, & more
  • Bonds: Govt. bonds of significant countries
  • Futures contracts: Access to worldwide futures exchanges

Account Types

  • Typical Account
  • Tight Spread Account
  • Interest-free Account

IC Markets deposit methods

To get the latest and precise data, it is consistently best to visit the IC Markets website or contact their customer service team.

Up to my last knowledge, IC Markets provided the below deposit methods to fund your trading account:

Wire Transfer

You can send money directly 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 and Mastercard, to make deposits. Such transactions are usually handled immediately.

E-wallets and Online Payment Systems

IC Markets supports several well-known e-wallets and payment platforms, such as but not limited to:

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

Domestic Bank Transfers

Within some countries, IC Markets provides the option of local bank-to-bank transfers, where you can deposit funds directly from domestic bank account to your trading profile with no international transaction fees.

Broker Transfer

If you are switching between a different broker to IC Markets, you may have the ability to move your funds straight between the two brokers.

Please note that the accessibility of these funding options might differ based on your country of residence, and there additional methods or alterations in the funding options.

It’s important to verify the IC Markets website or contact their support for the most up-to-date and correct data on available deposit methods.

Moreover, when adding money to your account, kindly consider the below:

Fees

Some deposit methods might have fees

Be sure to check if IC Markets or the payment service charges fees to the specific funding option you select.

Deposit processing time

While many deposit methods might be immediate or near-instant, some methods such as wire transfers may require several working days to complete.

Account currency

IC Markets usually offers trading accounts in several denominations, such as USD, Euros, Australian dollars,GBP, and others. Make sure to select the right account currency to reduce conversion fees when depositing funds.

Verification process

To comply with regulatory requirements, IC Markets might require you to submit personal identification documents as well as proof of residence prior to you can fund your account & start investing. Verify that your profile is completely approved to avoid any potential delays in adding and withdrawing money.

Always visit the website of IC Markets or contact its support team for the most up-to-date and accurate data regarding funding methods, charges, as well as processing times.

Pros and Cons of ICM

Advantages

  • Extensive variety of trading instruments
  • Attractive spreads & reduced fees
  • Selection of trading platforms
  • Quick and dependable execution
  • Outstanding customer support

Disadvantages

  • No fixed accounts
  • Limited educational resources for beginners
  • Idle fee after 12 months of inactivity

Visit ICMarkets >

ICM vs. Top Ten Rivals

IC Markets vs. e-Toro

ICM and eToro are both popular online trading platforms, both with its own collection of advantages and disadvantages. IC Markets is renowned for its low spreads and rapid execution, making it optimal for pro traders and scalping traders. Furthermore, its provision for a more extensive range of financial instruments and complex trading tools caters to {experienced|seasoned investors. Conversely, e-Toro’s user-friendly platform and social trading options cater to novices and casual traders. Its copy trading functionality allows users to mirror the tactics of accomplished traders. However, e-Toro’s increased fees and restricted customization options may discourage more experienced traders from the platform.

IC Markets vs. Plus-500

IC Markets and Plus500 are both respected online trading services, each providing distinct pros and cons to traders. ICM is favored for its minimal spreads, fast trade execution, and advanced trading tools, making it a popular choice among professional traders and scalpers. Plus500, on the other hand, is noted for its user-friendly and user-friendly platform, making it suitable for beginners. Plus-500 also offers a more extensive range of trading instruments, including CFDs on indices, shares, and exchange-traded funds. Nevertheless, its higher spreads and reduced platform customization options may be less appealing to seasoned traders compared to IC Markets’ more advanced offerings.

IC Markets vs. XM

ICM and XM are both highly regarded trading platforms, each with unique benefits and drawbacks. ICM is appreciated for its low spreads, quick execution, and complex trading tools, catering to professional traders and scalping traders. In comparison, XM is famed for its diverse account types,catering to traders with different experience levels and investment sizes. XM also offers superb customer support and a vast range of educational materials for new traders. However, ICM surpasses XM in terms of trading instruments variety and platform customization. While both platforms have their strengths, traders must consider their specific needs and targets when deciding between them.

ICM vs. Forex.com

ICM and Forex.com are both well-known online trading platforms, each with particular benefits and drawbacks. IC Markets is esteemed for its reduced spreads, quick trade execution, and advanced trading tools, making it an attractive option for seasoned traders and scalping traders. Conversely, Forex.com offers a extensive range of trading instruments, including foreign exchange, indices, commodities, and cryptocurrencies, appealing to a more diverse audience. Forex.com also offers extensive educational materials for novices. Nevertheless, its platform may not be as intuitive as IC Markets’, and it tends to have elevated fees. In the end, traders should weigh their specific needs and priorities when selecting between these two platforms.

ICM vs. IG

IC Markets and IG are both well-established trading platforms, each providing unique pros and cons. ICM is recognized for its low spreads, quick trade execution, and complex trading tools, making it a favored choice for pro traders and scalping traders. In contrast, IG offers a broader range of tradeable instruments, including stocks, forex,commodity markets, and cryptocurrencies, appealing to diverse investor preferences. IG also offers an broad suite of educational materials and a user-friendly platform suitable for newcomers. However, IG’s higher fees may dissuade budget-minded traders. When making a decision between the two platforms, traders should evaluate their personal needs and trading objectives.

IC Markets vs. Pepperstone

ICM and Pepperstone are both reputable online trading platforms, each with its own set of benefits and cons. IC Markets is acknowledged for its low spreads, quick trade execution, and advanced trading tools, making it an perfect option for professional traders and scalpers. On the other hand, Pepperstone is acclaimed for its outstanding customer support and easy-to-use platform, appealing to traders of all skill levels. Additionally, Pepperstone offers a selection of account types, accommodating different trading styles and investment amounts. However, ICM provides a wider range of trading instruments. Traders should consider their specific requirements and interests when selecting between these two platforms.

IC Markets vs. Saxo Bank

ICM and Saxo Bank are both distinguished online trading platforms, each with distinct pros and drawbacks. ICM is famed for its minimal spreads, speedy trade execution, and advanced trading tools, making it a preferred choice among experienced traders and scalpers. In contrast, Saxo Bank offers a wide-ranging range of trading instruments, including foreign exchange, shares, fixed income, ETFs, and more, appealing to traders with diverse tastes. Furthermore, Saxo Bank provides a complex platform with advanced research tools and a robust focus on security. However, Saxo Bank’s higher fees and required minimum deposits may discourage cost-conscious traders, who might prefer IC Markets’ easier-to-access offerings.

ICM vs. FXCM

IC Markets and FXCM are both credible online trading platforms, each offering different pros and disadvantages to traders. IC Markets is famous 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 features a user-friendly platform and a wide range of learning materials, making it ideal for beginner traders. Moreover, FXCM offers a selection of trading instruments, including foreign exchange, indices, and commodity markets. However, its elevated fees and spreads may be less appealing to price-sensitive traders relative to ICM’s superior pricing structure. Users should weigh their unique preferences and interests when selecting between these two platforms.

ICM vs. OANDA

IC Markets and OANDA are both respected trading platforms, each with its unique array of pros and cons. IC Markets is praised for its reduced spreads, speedy trade execution, and sophisticated trading tools, making it an attractive option for pro traders and scalping traders. On the other hand, OANDA offers a intuitive platform and a broad range of educational resources, appealing to traders at all levels. Additionally, OANDA provides flexible trade sizes and strong regulatory compliance. Yet, its spreads and fees may be higher relative to ICM. When choosing between these two platforms, traders should evaluate their individual preferences and trading goals.

ICM vs. AvaTrade

IC Markets and AvaTrade are both leading online trading platforms, each presenting distinct advantages and disadvantages. IC Markets is famous for its low spreads, rapid trade execution, and state-of-the-art trading tools, making it an optimal choice for pro traders and scalpers. In contrast, AvaTrade offers a intuitive platform, a wide range of learning materials, and a wide choice of trading instruments, appealing to traders of varying experience levels. Nonetheless, AvaTrade’s fees and spreads may be higher than those offered by IC Markets. When choosing between the two platforms, traders should take into account their unique requirements and priorities to arrive at the best choice.

 

ic markets broker 1

Register an account >

Regularly Asked Questions (FAQs)

Is ICMarkets a authorized broker?
Affirmative, ICMarkets is governed by the ASIC, the Cyprus Securities and Exchange Commission, and the FSA in {Seychelles}.

How can I create an trading account with IC Markets?
To set up an account with ICMarkets, visit their website and click on “Create an Account.” Provide the required info, submit your identification documents, and finish the verification process.

What is the minimum deposit for ICMarkets?
The minimum deposit for ICMarkets is $200 or its corresponding in your local money.

Can I use IC Markets in the USA?
IC Markets doesn’t allow clients from the United States due to regulatory constraints.

What platforms does IC Markets provide?
ICMarkets provides MT4, MetaTrader 5, and {cTrader} trading platforms.

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

Does IC Markets provide a practice account?
Indeed, ICMarkets offers a free practice account that lets you practice trading with virtual funds and access all capabilities of the platform.

What sorts of trading accounts does ICMarkets offer?
ICMarkets provides three types of trading accounts: Standard, Raw Spread, and Swap-free.

In what way can IC Markets make money?
IC Markets earns money through spreads, fees on certain account types, and fees for additional features such as VPS hosting or third-party resources.

How may I get in touch with IC Markets’ customer support?
You can reach IC Markets’ customer support through live chat, {email}, or phone. Their customer support team is accessible 24/7.

Final thoughts

ICMarkets is a trustworthy and strictly regulated platform that provides a wide range of instruments, favorable {spreads}, and a choice of advanced trading platforms.

The trading platform is specifically fit for seasoned investors, but novices might encounter its resources restricted. All in all, IC Markets is a reliable selection for investors searching for a trustworthy and feature-rich trading platform.

Register an account >

Other Articles About IC Markets