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IC Markets Review Forex Broker & Trading, Legit or a Scam

IC Markets Logo
Score

4/5

Min Deposit

$200

Min Spread

1.5 pips

Regulation

FSA

Max Leverage

1:1000

Live chat, phone, WhatsApp, email
Positive Ratings
60%
Neutral Ratings
25%
Negative Ratings
15%

Company Summary

Aspect Information
Registered Country/Area Australia
Founded Year 2007
Company Name IC Markets
Regulation FSA
Demo Account Available
Minimum Deposit $200
Maximum Leverage 1:1000
Spreads Variable spreads
Trading Platforms cTrader, MetaTrader 4 and MetaTrader 5.
Customer Support Email, Live Chats, Contact Forms and Calls
Payment Methods Bank transfers, Cards, Ewallets, and Wire Transfers

Introduction

IC Markets is a globally known trading platform. It provides traders with multiple trading products. The platform offers traders multiple trading opportunities in the global market. IC Markets provides advanced tools and techniques to improve the overall trading experience.

IC Markets Review Forex Broker

This IC Markets review will discuss the key features of the platform. These include account types, trading products, security measures, and customer support. This overall review will help traders determine the legitimacy of the platform.

IC Markets Overview

IC Markets is a well-regulated and registered trading platform. The broker operates on top trading platforms. These include cTrader, MT4, and MT5. They offer advanced tools and techniques to improve your trading experience.

The platform offers trading for both retail and institutional investors. The fast executions, competitive pricing, and advanced technology make it easier for traders to invest and grow.

Trading Instruments

IC Trading Instruments

IC Markets offers trades with multiple global trading products. These varieties help in building a diversified portfolio for all. Traders can invest in top assets. Some of them are:

Forex

The platform offers trading in over 60 FX currency pairs. These include all minor, major, and exocytic pairs from around the globe. The platform provides spreads starting from 0.0 pips.

Commodities

Traders can easily access raw materials, agricultural products, and natural resources. They can invest in over 22 commodities and gain exposure in the market.

Indices

Traders can invest in the global indices with ease. These help them understand the market movements for better decision-making.

Cryptocurrencies

For Digital Trader, the platform offers access to cryptocurrencies. They are from the top markets and let you trade efficiently.

Account Types

IC Markets Account Types

The platform provides different accounts for traders with different needs and goals. IC Markets offers three primary account types:

Standard Account

This type of account is created for trades with basic knowledge. The accounts offer commission-free trading. you can get tight spreads starting from 0.8 pips.

Raw Spread Account (MetaTrader)

Popular among experienced traders, this account offers ultra-low spreads starting from 0.0 pips, but there is a commission charge of $3.50 per lot.

Raw Spread Account (cTrader)

Similar to the MetaTrader Raw Spread account but for the cTrader platform. The commission is slightly lower at $3.00 per lot, and spreads start from 0.0 pips.

Apart from these, the platform also offers Islamic accounts. These accounts are aligned with the Shariah law. It offers swap-free trading making it easier for Muslim traders to invest and trade without worries.

Additionally, the platform also offers demo accounts for traders. it helps traders to practice trading.

Withdrawals and Deposit

The platform offers traders a variety of transaction methods. At IC Markets, you can use credit/debit cards, e-wallets, wire/bank transfers, and cryptocurrencies to complete transactions.

IC-Markets Withdrawals and Deposit

The variety of payment methods makes it faster for traders from around the globe to invest.

Moreover, the platform has a minimum deposit of 200 dollars. This can eliminate the number of investors on the platform. The minimum deposits change for different account types.

Overall, IC Markets offers a seamless and instant transaction process.

Security and Regulations

IC-Markets Security and Regulations

IC Markets is a well-regulated and secure trading platform. It is regulated and registered under the Financial Services Authority. This regulatory status ensures that the platform adheres to the industry security standards. It supervises the overall working of the platform. This helps enhance the security of client data and funds.

The platform also has an anti-money laundering policy. This helps in protecting data from any money laundering or fraud practices. To enhance security, the platform created segregated accounts for clients’ funds. This eliminates the risk of misconduct for funds.

Overall, the platform is licensed and regulated by reliable authorities making it credible.

Fees and Commissions

IC Markets provides traders with competitive pricing making it easier to invest. The platform offers commission-free trading with different account types.

There is no detailed information about the charge involved during transactions and trading. It can be difficult for the traders to determine the cost. This decreases the cost efficiency of the platform

Overall, the platform claims to add minimal charge making it reliable for beginners and low-budget traders.

Customer Support

IC Markets Customer Support

IC Markets provides its traders with 24/7 dedicated customer support. The platform offers multiple channels to connect to the client. These include live chats, call (+248 467 19 76), contact forms, and emails (support@icmarkets.com).

The platform offers multiple emails and numbers for different regions and purposes. This makes it easier to connect and get solutions faster.

Apart from these the platform also offers traders various educational resources. These resources include webinars, events, and video tutorials.

Is IC Markets a Scam?

IC Markets is a well-regulated and secure trading platform. It offers traders a variety of security measures that make it easier for traders to trust the platform and trade without any risk.

The platform has been reputed in the global market. It offers trading opoortunitei sform teh international market.

Overall, the platform offers dedicated support to the users making their trading journey easier.

Conclusion

IC Markets is an established and registered trading platform. It offers trading with low-cost investment, top trading platforms, and multiple trading assets. The platform ensures a secure and trustworthy trading process with its security measures.

Overall, IC Markets is a trustworthy trading platform. It lets you learn, invest, and grow with its advanced educational resources.

  • Robust Security Measures 
  • Well Regulated Trading Platform 
  • Multiple Account Types 
  • Lacks Information About Fees and Commission
FAQs

Is IC Markets a regulated platform?

Yes, the broker is well-regulated and registered under top trading authorities. These ensure that the platform maintains security standards.

What platforms does IC Markets support?

IC Markets operates on top trading platforms. These include MT4, MT5, and cTrader.

What is the minimum deposit required?

The platform offers a minimum deposit of 200 dollars. It can be difficult for trades with low budgets.

Does IC Markets charge for withdrawals?

The platform does not charge any commission or fees for the transactions.

Are there any inactivity fees?

The platform does not give any clear information about the inactivity fees. But it can incur small amounts after a long time.

What leverage does IC Markets offer?

The platform offers leverage of up to 1:1000. It enhances the trading opportunity.

Does IC Markets offer a demo account?

Yes, the platform offers traders with demo accounts. These help traders to practice without losing real funds.

Can I invest in digital currencies at IC Markets?

Yes, traders can invest in global digital currencies on the platform. It offers exposure in the international markets.

How long does the transaction take?

The platform offers instant deposits and fast executions. You can receive your funds in less than 24 hours.

Is IC Markets suitable for beginners?

IC Markets is a user-friendly trading platform. It offers standard accounts with zero commission trading.

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5