IC Markets Review

IC Markets offers low fee CFD trading with forex spreads starting from 0.0 pips. The forex broker gives the choice of MetaTrader 4 + 5 or the cTrader forex trading platform. Cryptocurrency, forex and CFDs can all be traded with IC Markets.

By Justin Grossbard / Updated: Tuesday, February 18th, 2020

IC Markets Fees

IC Markets Strengths + Weaknesses

A review of IC Markets (International Capital Markets Pty Ltd) was completed in January 2020 focusing on the spreads and commission, forex trading platform, customer service and other forex trading features. It found the following:

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Strengths Of IC Markets:

  1. The Spread Forex Broker worldwide From 0.0 Pips
  2. Choice Of The Best Forex Platform
  3. The Highest Leverage Level

Weaknesses Of IC Markets:

  1. No-Risk Management Tools
  2. Lack Of Research Tools
  3. Range Of Markets

More details on these key points are discussed below.

IC is designed for advanced forex trading based on their low spreads and minimum deposit requirements, advanced trading platforms and fast execution speeds. Other benefits include up to 500:1 leverage and low deposit and withdrawal fees.

FeatureFeature 1Feature 2
Trading PlatformMetaTradercTrader
FeesSpreads From 0.0$3.50 Commission
Trading ConditionsLeverage up to 500:1$200 Min Deposit
RegulationUK FCAAustralian ASIC
Range Of MarketsCurrency TradingContract For Difference (CFDs)


Our Rating

The overall rating is based on review by our experts

8.67
Spreads
10 / 10
Leverage
10 / 10
Trading Platform
9 / 10
Risk Management
5 / 10
Range of Markets
8 / 10
Customer Service
10 / 10

Other Information

Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC). There Australian Financial Services Number (AFSL) is 335692.  To avoid SCAM brokers it’s recommended to use a top regulator from ASIC, FCA to FSCA. They have a large list of clients both retail and institutional that can guarantee the company’s credentials. They have a sound financial background and are committed to protecting investor, consumer and creditor interests.International Capital Markets Pty Ltd

Why Is Australian Regulation Important?

Australia boasts some of the strictest and most robust financial regulations in the world. The laws that govern the finance industry dictate the state of play to any company offering financial products, services or advice to consumers. In order to promote integrity, encourage business and keep the market ticking along nicely, financial services companies, including Forex & CFDs brokers, are heavily regulated. This ensures your deposits are 100% safe as they’re held in segregated bank accounts.

Customer Support Levels

IC offers local customer support from their Sydney office located at Level 6 309 Kent Street Sydney, NSW 2000. CFD traders can reach them through different channels like email, Skype or by phone. Their Sydney response time is within 15 minutes based on our enquiries with most complex issues solved within a day. Customer service is open 24 hours, 5 days a week. Live chat is also available through the CFD provider. The company is also dedicated to their educational centre (video journals and articles) which is great for those who have no previous knowledge in trading. Pepperstone is one of the only fx brokers that has won more awards for customer support than IC.

What Is The Minimum Deposit Of IC Markets?

The minimum deposit is USD $200 with micro lots supported through there forex platform which is 1,000 units of the base currency. When you start trading Contract For Differences the minimum is one trading CFDs contract.

Trading account funding includes a credit card or debit card, Neteller and wire transfer (bank wire), bPay and WebMoney. Other methods as shown below include PayPal, Skrill, POLI, China UnionPay, Fasapay and broker to broker transfers. Currencies accepted by IC include the AUD, NZD, SGD, USD, EUR and GBP for deposits and withdrawals.

IC Markets Funding

Base currencies available include AUD, GBP, USD, CAD, JPY, SGD, NZD, HKD, CHF and EUR.

Other Trading Services

There are a number of CFD trading services with no dealing desk available including:

  1. Indices
    Gain exposure to the 17 of the larges indices around the world with 200:1 leverage. This can be traded on all three trader platforms with no commissions charged.
  2. Commodities
    Trade with 500:1 leverage across agriculture, metals and energy predicting the USD against these commodities. 19 mainstream commodities can be traded on both spot and futures CFDs trading.
  3. Stocks
    There are over 120 stocks that can be traded as a CFD. This is only available through the MetaTrader 5 forex platform. These shares are across the NYSE, Nasdaq and the Australian Stock Exchange.
  4. Bonds
    Six core bonds can be speculated on including the UK, Japan, USA and Europe. There is 200:1 leverage available with no commissions charged.
  5. Cryptocurrency
    Trades can predict if cryptocurrency from Bitcoin, Ethereum, Litecoin to Ripple goes up or down with a 20:1 leverage. Social trading can also be integrated including ZuluTrade and MyFXbook.
  6. Futures
    With up to 200:1 leverage, 4 Global Futures available can be traded with no commissions. This includes both the ICE Dollar Index and the CBOE VIX Index. You must have the MT4 platform to trade futures with the CFD broker.

IC Markets Review Background

Compare IC Markets to the following Forex Brokers

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