If you are looking for a broker that offers a large selection of trading products, IC Markets is the one to choose. The website offers many deposit and withdrawal options, and has no conversion fees for base currencies. You can deposit in any of the 10 available currencies. The company also provides 24 hour customer support and supports multiple languages.
IC Markets
If you’re looking for a reliable broker with competitive pricing and excellent customer service, then you should consider IC Markets. The company is regulated in Cyprus, Bahamas, and Australia and offers a wide range of trading instruments. The company offers 24/7 customer support to ensure that you have a great trading experience.
IC Markets offers low trading and non-trading fees. The company also states that more than 60% of its trades are delivered by automated systems. This helps traders find the best prices and execute trades quickly. Its website also recognizes its liquidity providers, including major international banks. In addition, its trading platform provides transparency with its monthly volume report.
Withdrawal options include bank transfers and credit/debit cards. IC Markets accepts 10 currencies and takes 2-5 business days to process withdrawals. To withdraw funds, you must verify your account. You can also withdraw your funds via Traders Union. This method is available for US citizens.
IC Markets also offers mobile platforms for Android and iOS. However, beginner traders should note that the mobile versions have fewer charting options and limited functionality. Despite these limitations, IC Markets’ customer support team is responsive and helpful. If you have any questions, you can reach out to their live representatives 24 hours a day.
IC Markets offers two types of trading accounts for its clients: standard and raw spread accounts. A standard account offers trading fees of up to one pip per lot. It is designed for discretionary traders with low turnover and allows leverage up to 500:1. All accounts are eligible for micro lot trading. Traders can deposit funds through bank wire transfer, e-checks, and other methods.
Regulatory authorities
IC Markets is a reputable online trading broker that is regulated by ASIC (Australian Securities and Investments Commission). They are also a member of the Financial Ombudsman Service, which allows clients to resolve any complaints that they may have regarding the company. This provides a second layer of protection for customers. The company is also regulated by the Financial Services Authority in the Seychelles, where they are owned by True ECN Trading Ltd.
The IC Markets website offers comprehensive information on its regulatory status. The company operates in most major jurisdictions worldwide and records more than $1 trillion in monthly trading volume. It has a strong brand presence in Europe and sponsors several sports clubs. ASIC and CySEC have reviewed the IC Markets platform and found it to be safe.
IC Markets is one of the largest forex CFD providers in the world. It processes over 500,000 orders per day and generates over $15 billion in foreign exchange turnover. It has been regulated by the Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission, and the Financial Services Authority of St Vincent & Grenadines. It accepts clients from over 140 countries and boasts a community of more than 100,000 active clients.
IC Markets has three types of accounts: Standard, Raw Spread, and cTrader. Although it does not have UK offices, it does offer a range of financial instruments, high leverage, and competitive spreads. Despite this, UK citizens are not routed to the Cyprus entity as they do in many other online brokers. Moreover, the company is not regulated by the UK FCA. Therefore, it is important for UK traders to examine the risks involved in opening an account with an offshore broker.
Trading platforms
IC Markets offers several trading platforms and a large range of currency pairs. It also offers a decent range of indices. The US DJIA, E-mini S&P 500 and Australian S&P 200 are all available for traders to trade. Moreover, there are over 1,600 stocks, futures, cryptocurrencies and bonds available for traders to trade on. In addition, IC Markets accepts credit and debit cards for deposit and withdrawal.
For beginners, IC Markets offers a training section on its website, which includes videos and articles on the platform. It also offers a demo account for beginners to consolidate their knowledge before committing real money. Additionally, IC Markets offers a live chat feature and a telephone number, though both are not active every day. However, the e-mail support is decent and usually answered within 24 hours.
IC Markets offers three types of trading accounts. Traders can choose between a Standard Account or a Raw Spread Account. The Standard Account has a minimum deposit of $200 and offers spreads as low as one pip. It also offers the same leverage as the True ECN account. A True ECN account, however, charges a $3 commission for every traded lot. Both types of accounts are available for traders in multiple currencies. IC Markets also offers an Islamic Account and a Swap Free account for traders who practice Islamic trading. In addition, a demo account can be opened without a deposit.
IC Markets trading platforms offer powerful features and support for advanced traders. They are available in desktop, web, and mobile App formats. The cTrader platform is popular among advanced traders, while MetaTrader is a popular choice among beginners. It has a more modern interface and allows for more advanced order types.
Customer support
If you have any questions or need help in using the website or software, you can contact the IC Markets customer support team through live chat, email or phone. The team members are available 24 hours a day, 7 days a week in many languages. IC Markets’ support team members are based in the United States and are experienced traders with real-world trading experience.
IC Markets does not charge any fees for deposits or withdrawals. However, you should be aware that if you deposit from a foreign country, it will take a few days for the money to reach your bank account. For deposits, you can use credit cards, debit cards, bank transfers, and electronic wallets.
IC Markets has offices in Australia, Cyprus, and Seychelles. They offer competitive spreads and low fees. They also have a high trade volume. IC Markets’ services are regulated in two tier-1 regions and one tier-3 region. Their spreads are the lowest of any Forex CFD provider. EUR/USD spreads are typically 0.0 pips during North American trading hours and 0.1 pips worldwide.
Opening an IC Markets account is a straightforward process. It usually takes between five and ten minutes to complete. You’ll be redirected to an online application form where you can enter personal information. You’ll need to provide your date of birth, residential address, and a short survey about your trading experience. You’ll also need to upload a bank or utility bill as proof of identity.
IC Markets offers unlimited accounts. This means you can manage multiple accounts for yourself or for your clients. You can choose the best account for your trading style and your assets. If you’re a scalper, you’ll probably want to choose an ECN account. This low-latency and high-tech account has the lowest possible spreads. Despite its low-latency features, ECN accounts come with a $3.5 commission.
Trading instruments
IC Markets offers trading instruments such as forex and CFDs. The company offers educational videos that guide traders through their services and platforms. These videos also explain how to plan trades using indicators and the economic calendar. This way, beginners can learn how to make smart decisions in trading. You can also ask questions on the company’s live chat system.
The company offers three major trading platforms – cTrader, MetaTrader 4, and MetaTrader 5. They are designed to work on desktop computers, web browsers, and Internet-connected mobile devices. IC Markets’ brokerage platforms feature ultra-low latency order execution. This is made possible by connecting them to Equinix’s data centers in New York and London.
You can choose between a cTrader account and a Raw Spread account. Both have similar features, but the Raw Spread account has lower spreads. In addition, you can use a copy trading app if you have a copy trading program. IC Markets also offers a Standard account, which is designed for traders who use expert advisors and scalpers. In addition to the standard account, you can use a live demo account to practice trading with virtual money in a live market environment.
IC Markets’ customer support is one of its strongest points. It offers multilingual support, an informative support center, and a global phone support hotline. The company also offers a wide range of deposit methods for its customers. You can use credit cards, debit cards, bank wire transfers, broker-to-broker transfers, and PayPal to fund your account. IC Markets also accepts WebMoney, Neteller, QIWI, and China Union Pay.
IC Markets’ security measures also include segregated accounts and fully insured customer funds. They are regulated by Tier-1 and Tier-2 financial regulators, and their accounts are regularly audited by independent firms. The company maintains strict standards and a high level of transparency.
