IC Markets Review 2024: A Comprehensive Analysis of the Forex Broker

ic markets forex broker review

The platform offers a range of account funding methods, catering to your convenience. IC Markets is a well-known broker in the trading industry, providing a reliable and efficient platform for all kinds of traders. With an extensive range of financial instruments, you can trade various assets, such as stocks, currencies, commodities, and crypto, amongst others. 👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping. The brokers’ mobile trading applications make it feasible to trade while on the move.

Process to Withdraw Funds from an IC Markets Account

Information posted on the IC Social portal can only act as input to the process. He has Finance degree at Monash University and is an investor in shares and equities and successfully started and sold the online business Hearing Choices. The Server Trailing Stops follow the profitable position of a trade and allow traders to get maximum benefit of the profitable trade. CTrader is also available across all devices and operating systems for traders.

Trading and Non-Trading Fees

ic markets forex broker review

IC Markets offers its clients the opportunity to trade on the award-winning MetaTrader 4 (MT4) platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, feature rich environment and automated trading ability. The Forex market provides traders the opportunity to trade 24 hours a day, 5 days a week in the world’s most liquid financial market. Traders can take advantage of some of the tightest spreads, superior execution, and deep liquidity across 61 currency pairs. Many IC Markets US clients praised the broker for its swift customer service response and commissions-free policy on deposits and withdrawals. However, this can be resolved by consulting the specific customer care email for inquiries and complaints.

  1. All content on is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
  2. However, this can be resolved by consulting the specific customer care email for inquiries and complaints.
  3. If you just want to trade forex, then either MT4 account should do the job.
  4. New clients usually satisfy it by submitting a copy of their ID and one proof of residency document.

Fees details

With over 246,000 monthly Google searches, the broker is one of the most frequently searched for online. IC Markets is regulated by two ‘tier 1’ financial authorities being Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). Just choose the course level that you’re most interested in and get started on the right path now.

Account Dashboard

They are not regulated in Namibia by the Bank of Namibia (BoN) and do not have a local office in the country. You will not have all payment methods available if you live outside Australia. Raw Trading Ltd does not endorse any of the material contained in Chats or Chat groups. Such material should not be regarded by you as investment advice, a personal recommendation, an incentive, or an inducement to trade. You should undertake your own independent research and investment decision as to whether a trading strategy, style, portfolio is appropriate for you.

Choose The Time Of Day That You Trade

The True ECN trading model is incorporated into all of the platforms at no extra cost for all levels of traders. Regardless of your investment size, you can get access to the best possible trading conditions that they have. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Demos are offered on all account options and trading platforms, and they provide traders with an opportunity to experience the real-time conditions of the market.

Financial services companies in Cyprus are regulated by CySEC, which has been in place for quite some time. CySEC forms part of the reputable European Securities and Markets Authority (ESMA). IC Markets may not have CBN regulation or a local office in Nigeria, but it has a large market share in the country, with 3.75% of its active traders originating from this large, active African country. IC Markets is a reputable financial provider that is well-regulated by several entities.

ic markets forex broker review

IC Markets is a globally recognized online forex and CFD broker known for providing access to a wide range of financial markets. It offers traders and investors the opportunity to trade forex, commodities, indices, cryptocurrencies, and stocks through user-friendly trading platforms. They are FCA regulated, which provides a significant level of trust and security for UK-based traders. While IC Markets is a strong contender globally,’s deep roots in the UK market and their comprehensive offerings tailored to UK traders give them an advantage. If you’re a UK trader looking for a platform that offers a seamless trading experience, you might want to check out this guide on the best trading platforms in the UK. You can gain access to institutional grade prices on almost the same level of the world’s leading execution venues through our Raw Pricing.

ic markets forex broker review

The true ECN connectivity allows traders of all levels to trade on institutional grade liquidity from a diverse range of large LPs such as investment banks, hedge funds and dark pools venues. There are over 50 different LPs with no dealing desk intervention so traders have direct access to raw spreads and execution speeds with no price manipulation, re-quotes or hidden fees. This makes them one of best brokers of choice for high volume traders, day traders and scalpers. Traders have access to the full suite of instruments that IC Markets offers using MetaTrader 5 as it’s an all-in-one trading platform.

These are built into the MetaTrader 4 platform for an improved trading experience, compared to other brokers who just provide the platform without any additional tools. The IC Markets cTrader platform gives you access to a deep liquidity pool in over 64+ forex currency pairs along with 16+ major equity indices. Active traders worldwide appreciate trading with the superior functionality of cTrader and streaming prices collated from multiple global banks. IC Markets ensures that you receive excellent customer support through various channels, including live chat, phone, and email. According to customer reviews, their support team is helpful and responsive, providing assistance when needed. Their quick deposit and withdrawal process also adds to the overall positive experience with IC Markets.

If you’re keen on exploring more about the best MT4 brokers, this detailed review on the best MT4 brokers can provide further insights. With no minimum deposit and a wide range of funding methods, it is also much easier to start trading on IC Markets. A commission account with a flat commission of $5 per standard lot ($10 round-turn) for traders in the US and traders with the brokers ‘offshore’ subsidiary based in the Cayman Islands subsidiary.

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