IC MARKETS RATING -OVERALL SCORE {80.61%}
(?)

 

Based in Sydney, Australia, IC Markets is a competitive ECN Forex broker offering very tight spreads and fast execution. The broker is ideal for intraday trading, scalping, and automated trading by using Expert Advisors (EAs). FIX/API and PAMM accounts are both available.

Deposit Requirements: 200 USD for MT4 account and 1,000 USD for cTrader Accounts

Funding: Cards | Bank Wire | Neteller | Skrill | WebMoney

Platforms: MetaTrader-4 | MetaTrader-5| MultiTerminal | CTrader |cAlgo Automated | Mobile Traders

Customer Support: English | Spanish | Chinese | French | German | Italian | Japanese

» IC Markets Website | » IC Markets Review

Chart: IC Markets Basic Ratings (Based on ForexRating Formula 5.0)

ICMarkets receive one of the highest overall ratings (80.61%). The RatingFormula 5.0 gives a very good rating as concerns almost all four (4) rating factors.

Chart: IC Markets Special Ratings

IC MARKETS RATING SUMMARY

The following table contains IC Markets's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • IC MARKETS FUNDS SAFETY
70.9%
  • IC MARKETS TRANSACTION COST
79.5%
  • IC MARKETS TRADING OPTIONS AVAILABLE
80.4%
  • IC MARKETS TECHNOLOGY
100.0%
  • OVERALL RATING
80.61%
TRADING EXPERIENCE  
  • IC MARKETS FOR FOREX BEGINNERS
77.5%
  • IC MARKETS FOR ADVANCED FOREX TRADERS
76.6%
  • IC MARKETS FOR PROFESSIONAL FOREX TRADERS
74.9%
TRADING STYLE  
  • IC MARKETS FOR INTRADAY TRADERS
80.3%
  • IC MARKETS FOR SWING TRADERS (MID-TERM)
81.8%
  • IC MARKETS FOR CARRY TRADERS (LONG-TERM)
73.1.%

IC MARKETS DETAILED RATING REVIEW

IC MARKETS RATING ANALYSIS    
IC MARKETS TOTAL RATING   100.0%  
      80.61% FULL ANALYSIS
A. ICMarkets  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 19.86% Rating the ICMarkets Safety
A.1 ICMarkets License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 8.00% ICMarkets is regulated by ASIC (No 335692) = 8.0%
A.2 ICMarkets Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 0.00% ASIC regulation does not offer client compensation in case of insolvency = 0.0% rating
A.3 ICMarkets Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 4.00% ICMarkets maintains headquarters in Australia = 4.0% rating
A.4 ICMarkets Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% ICMarkets was found in 2007 (10+ years) = 5.0%
A.5 ICMarkets Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% Segregated Accounts via National Australia Bank (NAB) and Westpac = 2.5%
A.6 ICMarkets Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.36% ICMarkets ForexPeaceArmy Rating is 3.6/5.0 = 0.36% rating
A.7 (+) IC MARKETS ADJUSTING RESULTS        
A.7.1 ICMarkets Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% ICMarkets handles less than 250,000 accounts = 0% Rating
B. IC MARKETS TRANSACTION COST MAX WEIGHT→ 28.0% 22.25% Rating the ICMarkets Transaction Cost
B.1 ICMarkets spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 7.00% EURUSD spread 0.1 pip = 7.0%
B.2 ICMarkets spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% GBPUSD spread 0.3 pips = 4.5%
B.3 ICMarkets spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% USDJPY spread 0.5 pips = 4.5%
B.4 ICMarkets Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 0.00% $7 / full-traded lot trading commissions (tested account types) = 0.0% rating
B.5 ICMarkets Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.70% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 1.25% ICMarkets rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$5.1 | ICMarkets rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$2.2 | Total cost in absolute value is $2.9, rating = 1.25%
B.6 ICMarkets Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% ICMarkets does not charge withdrawal commissions = 2.0% rating
B.7 ICMarkets Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% ICMarkets does not charge Inactive Fees  = 1.0% rating
B.8 (+) IC MARKETS ADJUSTING RESULTS        
B.8.1 ICMarkets Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. IC MARKETS TRADING OPTIONS MAX WEIGHT→ 28.0% 22.50% Rating the ICMarkets Options for Traders
C.1 ICMarkets Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% ICMarkets Provides 56 Forex Pairs = 8.0% rating
C.2 ICMarkets CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% ICMarkets offers CFD trading = 2.5% rating
C.3 ICMarkets CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% ICMarkets Offers CFDs on Futures = 1.5% rating | No CFDs on Futures = 0.0% rating
C.4 ICMarkets Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% ICMarkets Provides a free Practice account = 2.0% rating
C.5 ICMarkets Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 500:1 max Trading Leverage = 1.0% rating
C.6 ICMarkets Bonus/Rebate Promotions   5.0%    
C.6.1 ICMarkets Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   0.00% No Welcome Bonus = 0.0% rating
C.6.2 ICMarkets Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% ICMarkets Offers no trade rebates = 0% rating
C.7 ICMarkets Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.50% The min. deposit amount is $200 = 1.5% rating
C.8 ICMarkets Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% ICMarkets offers 10+ deposit methods = 2.5% rating
C.9 ICMarkets Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% ICMarkets offers 10+ withdrawal methods = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% ICMarkets offers less than 2 pips minimum stop-out order distance = 1.00% rating
C.11 (+) IC MARKETS ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 56 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 ICMarkets Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% ICMarkets offers no Competitions at the time of the Rating/Review = +0.00% rating
D. IC MARKETS TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the ICMarkets Technological Efficiency
D.1 ICMarkets Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% ICMarkets offers more than 3 platforms (MetaTrader 4, cTrader in two versions, ZuluTrade) = 3.0% rating (max)
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% ICMarkets is offering 'Trading-On-Charts' = 1.0% rating
D.3 ICMarkets Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 1.00% ICMarkets Slippage on execution is less than 1.0 pip = 1.0% rating
D.4 ICMarkets Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% ICMarkets fully allows automated trading = 2.0% rating
D.5 ICMarkets MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% ICMarkets offers the MT4 platform = 2.0% rating
D.6 ICMarkets Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% ICMarkets offers an MT4 App for iPhone and Android = 2.0% rating
D.7 ICMarkets Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% ICMarkets allows both Scalping and Hedging = 1.0% rating
D.8 ICMarkets Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.00% ICMarkets offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat, Forum = 3.0% | Total rating is 3.0%
D.9 (+) IC MARKETS ADJUSTING RESULTS        
D.9.1 ICMarkets PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.50% ICMarkets is offering PAMM accounts = +0.5%
D.9.2 ICMarkets Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% ICMarkets is not providing a free VPS hosting service = +0.0%
D.9.3 ICMarkets API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% FIX/API available = 0.5%
    TOTAL ICMarkets RATING 80.61%  

IC MARKETS LICENSES AND LEGAL INFORMATION

■ IC Markets is the trading name of International Capital Markets Pty Ltd. {ACN 123 289 109}

■ The broker is based in Sydney, Australia but maintains also offices in Hong Kong and Vietnam

■ IC Markets is regulated by ASIC (Australian Securities and Investment Commission), Registration Number: 335692

■ Client bank account segregation with Australian banks

 

 

MORE RATINGS: » FXCC | » HOTFOREX | » DUKASCOPY (EU)

 

IC Markets Rating Review

ForexExperts.net (c)

 

Start a Demo Account with ICMarkets

Enter the Compare Zone

Compare Forex Brokers Based on the Algorithms of the Forex RatingFormula 5.0..

Compare Zone

Consisting four (4) Rating Factors {Safety, Competition, Options, Technology) -Maximum score is 100%

Review Brokers

Review ECN/STP Online Forex Brokers..

All our plans are free to join, lasting permanently, and most importantly we will never widen your trading spreads, as other IBs do. That is our guarantee.

Trade Systems

A trading system is a set of specific processes and rules that can help traders to optimize their trading process, or to develop automated trading strategies (EAs):

» EA Builder for MT4 and MT5

» Compare EA Systems

» Market Sentiment

» Forex PAMM Accounts

Forex Ratings

Forex Broker Ratings Powered by the Revolutionary RatingFormula 5.0Forex Broker Ratings Powered by the Revolutionary RatingFormula 5.0 (?)

» XM Rating

» FXCC Rating

» IronFx Rating

» HYCM (HYMarkets)

» HotForex Rating

» ICMarkets Rating

» FxGlobe Rating

» Dukascopy Europe

(+) All Forex Ratings

Go to top