IC MARKETS RATING ☆ OVERALL SCORE {80.61%} (?)
IMPORTANT NOTE: IC MARKETS TRADING TERMS MAY HAVE CHANGED SINCE OUR RATING ANALYSIS WAS MADE
IC Markets is a competitive broker offering very tight spreads and fast execution. It is ideal for intraday trading, scalping, and automated trading using Expert Advisors (EAs). Both FIX/API access and a free VPS are available.
■ Deposit Requirements: 200 USD for MT4/MT5 and 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
IC Markets receives one of the highest overall ratings at 80.61%. The Rating Formula 5.0 gives a very good score across nearly all four rating factors.
📊 IC MARKETS RATING SUMMARY
The following table presents IC Markets’ rating summary based on (i) three rating aspects, (ii) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
70.9% |
|
79.5% |
|
80.4% |
|
100.0% |
|
80.61% |
| TRADING EXPERIENCE | |
|
77.5% |
|
76.6% |
|
74.9% |
| TRADING STYLE | |
|
80.3% |
|
81.8% |
|
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 Rating Review
ForexExperts.net (c)
🔗 MORE RATINGS
» RoboForex Rating
» TitanFx Rating
» IC Markets
» FxOpen
» FBS Group
» AXI Rating
» Brokers Directory
» Auto-Trade Systems
» Rating Forex Brokers
