IC Markets

IC Markets is a well-established broker since 2007. IC Marketshas headquarters in Australia, Cyprus, Bahamas, China, European area, Hong Kong, India, Indonesia, Spain, Thailand, Turkey, United Arab Emirates, United Kingdom and Nigeria. IC Markets to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC ACN 123 289 109, CySEC 362/18, SCB SIA-F214, The Financial Commission 25112021 and FSA (Seychelles).

We can say that IC Markets is a legitimate broker that is safe to trade with and not a scam with all those licenses. Especially for algorithmic traders or scalpers, IC Markets could be your first choice as it provides excellent trading costs, high leverage, low latency connectivity, and superior liquidity.

With a reputation for innovation, reliability, and competitive pricing, IC Markets has garnered a loyal customer base worldwide. Over the years, the broker has achieved several significant achievements: 

IC Markets is a top pick for traders who rely on technology. Our super-fast trading engine, based in New York, handles a massive number of 500,000 trades every day – and a big chunk of those are from automated systems just like yours.

Three copy trading services are also available to facilitate social traders, while beginner traders benefit from a high-quality educational platform and 24/7 customer support. IC Markets offers negative balance protection and segregates client deposits from corporate funds.

IC Markets Summary

Account Information

Apart from the forex demo account, this broker offers Raw Spread and Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by IC Markets is up to 1: 1000 Meanwhile, you can open an account with a starting capital of $200.

IC Markets offers the following trading accounts:

• Standard: Standard account requires a minimum deposit of $200 and a minimum lot size of 0.01. To offer traders the best prices, this account type uses variable spread. Overall, the account is offering a multitude of tools, such as trailing stop, pending orders, one-click trading, browser-based platform, and trading via API. However, you don’t have the Expert Advisor nor scalping strategy options.
• Raw Spread: The minimum deposit is $200  and the minimum lot size is 0.01. Raw Spread promises straightforward market access via one-click trading, automated trading, and mobile trading with a variety of tools including trailing stop and pending orders. Expert Advisor and scalping are allowed.

Fees

Commissions at IC Markets vary by the trading platform. The commission is $6 per lot for cTrader and $7 per lot for MT4/MT5. The pricing difference lowers profit potential by 16.67% for MT4/MT5 traders.

Fees of 0.10% are charged for equity traders, except US-listed equities, where the cost is $0.02 per share per side. Other costs to be aware of include third-party payment processors and overnight swap rates. However, one of the advantages of using IC Markets is they do not charge an inactivity fee.

Instruments Traded

Besides lots of currency pairs, IC Markets also offers some instruments you would like to trade on, such as Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices and Stock for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Available trading markets on IC Markets include:

• 23 indices.
• 61 currency pairs.
• over 22 commodities.
• 1600+ stocks.
• More than 11 bonds.
• 13 cryptocurrency pairs.
• 4 futures CFDs.