ic markets forex broker review

They are known for their competitive spreads, often starting from as low as 0.0 pips for major pairs. This makes them one of the top choices for traders looking for cost-effective trading. For a more detailed comparison on spreads and commissions, you can check out this comprehensive Lowest Commission Brokers. Based on the account features and flexibility in trading conditions, IC Markets seems to offer a more advantageous package for traders, especially with its competitive spreads and commission structure.

Chart, Connect, and Trade

IC Markets provide traders with a range of useful trading tools and trading apps that can assist with detailed market analysis and help to enhance the overall trading experience. These tools include economic calendars, alerts, technical indicators, market data, VPS and more. MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Pricing help to make it one of the most powerful trading platforms for active traders. I believe that MT4 would be sufficient for those who only want to trade forex, but if you are looking for a stock trading platform, then you would probably prefer MT5. MT4 is widely regarded to be a powerful trading platform with a vast array of built in tools for analysing charts to find potential trading opportunities across a wide range of markets.

ic markets forex broker review

$0 Minimum Deposit

The customer service is 24 hours there to help me with wd or any questions. IC Markets host a series of webinars covering a variety of topics within the industry, hosted by experts within the field. I am always open to learning more from those who have the experience and feel these webinars will help provide guidance to traders who need it.

  1. I found them to be amongst the best brokers I have ever used and still hold a few accounts with them today.
  2. IC Markets also has a large market share in Nigeria, with 3% of its overall client base of active traders residing in the region.
  3. Regardless of your investment size, you can get access to the best possible trading conditions that they have.
  4. Moreover, they’ve implemented SSLencryption for data protection and enabled two-factor authentication for theirclients, thus ensuring safer trades.
  5. Fortunately, plenty of tools and platforms are available on IC Markets to give traders a chance to succeed.

Recommended EU Brokers

In addition to educating its clientele and other potential traders, IC Markets has produced the “IC Your Trade” podcast series. The broker creates an opportunity for individuals who have never traded forex or CFDs to pick up the basics. This is a Sharia-compliant account where Raw or Standard pricing does not subject traders to interest-based swap rates.

To offer its clientele the best trading opportunities, the broker chose a variety of popular businesses to trade its stock. Via this account, traders can trade at ECN brokers’ low spreads, which start at 0 pip for EUR/USD and $3.50 per lot. This account is available on the MetaTrader 4 with the MLQ4 programming language. This account is ideal for traders who need daily trading strategies and Expert Advisors. This platform affords traders detachable charting options, an individualized user interface, and iOS and Android apps. This institutional-style trading platform allows traders direct setup access to liquidity pools made for cBot-based algorithmic FX trading.

With the choice of MetaTrader 4, MetaTrader 5,  cTrader, or TradingView forex trading platforms, the broker is recommended for intermediate or expert traders. IC Markets is the best broker for traders looking for low spreads and fees. Our review of IC Markets found the brokers EUR/USD spread averaged 0.02 pips, the lowest of any forex broker. TradingView is a leading charting and analysis platform integrated with IC Markets’ cTrader accounts. It provides access to advanced charting tools, technical indicators, and a trading community. Traders interested in algorithmic trading can leverage the algorithmic trading features available on the MetaTrader platforms.

There is a large selection of trading instruments and user-friendly platforms to meet your unique needs. You get free access to a library of educational materials and extremely useful trading tools to help with your market analysis. Whatever your trading strategy and preferences, the broker has everything needed for a seamless trading environment. IC Markets accept deposits and withdrawals in a great selection of major currencies.

If you are scalping, day trading or holding positions for a long period of time, the platform is more than capable of handling all types of trading strategies that you can throw at it. The cTrader platform is designed for high speed execution when trading the global markets online. It has a unique design that implements an elegant user interface whilst its range of advanced features make it a favourite for discretionary Forex traders. IC Markets are well known for low latency connectivity and superior liquidity. This means that online traders have access to deep liquidity pools for superior pricing that was only previously available to banks and high net worth individuals. Their ECN model uses the latest innovative technology, delivering low spreads and high liquidity for fast trade execution.

ic markets forex broker review

In addition, the broker does not chargean inactivity fee that forex traders or other commodity traders must pay ifthey don’t use their account for a certain period. Moreover, the broker offersswap-free accounts for clients who follow the Islamic faith. Cyprus-based IC Markets is one of theleading online forex and CFD brokers, founded in 2007 and offering a wide rangeof trading services to retail and institutional traders. The broker isregulated https://traderoom.info/ by the Cyprus Securities and Exchange Commission (CySEC), theAustralian Securities and Investments Commissions (ASIC), as well as theFinancial Services Authority (FSA). IC Markets provides mobile trading apps for all four of its forex platforms (MT4, MT5, cTrader, and TradingView), as well as the share trading platform. These apps are designed for both iOS and Android devices, offering traders the flexibility to manage their trades on the go.

Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. The IC Markets podcast series tackles the playbook of trading and covers some interesting topics across the global markets. The content that will be discussed is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. They have plenty of free learning resources covering a vast range of topics to help beginner and even experienced traders to help improve their knowledge of the markets.

Don’t worry if that seems overwhelming, you can also simply fire up a chart and place/manage trades without any complications. I enjoy experimenting with trading tools and trying out new strategies myself. Sometimes I can go through hundreds of tools before finding one that is useful, but this trial and error can improve my trading in the long run. This is useful for those who need to access their account and manage their positions whilst on the go from anywhere in the world where they have an internet connection. If I am lounging around or travelling, it is good to be able to open my trading app and have a look at what is happening in the markets without needing to fire up the laptop. IC Markets is an Australian trading broker founded in 2007 with its headquarters based in Sydney and has since gone on to be one of the world’s largest trading brokers.

The minimum deposit for either option is $200, which is higher than at many brokers, but I think well worth the excellent trading environment. An Islamic Account is available, where swap rates remain replaced by fixed commissions per lot. Traders have 61 currency pairs https://traderoom.info/ic-markets-forex-broker/ and 13 cryptocurrency pairs, placing IC Markets in the middle of the competition. It shines with 1,659 equity CFDs and 25 index CFDs, offering traders an excellent selection. Completing the available markets are 22 commodity CFDs, eleven bond CFDs, and four bond CFDs.

Yes, IC Markets is a safe trading platform regulated by strict regulatory bodies; hence, its credibility. The broker protects investors’ funds in segregated accounts which are also covered by insurance. Investors can, thus, rest assured knowing their funds are secured on the forex broker IC Market. With more than 100 articles and videos, the broker offers an excellent content selection for novice and experienced traders.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. IC Markets is a good broker for investors who want to run automated trading strategies on MetaTrader and cTrader platforms. IC Markets provides social copy trading platforms and a growing selection of research and educational materials, and offers competitive pricing.