IC MARKETS Review
IC Markets offer tight spreads and state-of-the-art trading technology.
Here are the key points of the IC Markets Review:
- Minimum account size: $200 for an MT4/MT5 account | $200 for a cTrader account
- Minimum lot size: 0.01
- Trading Leverage: up to 500:1
- Payment options: Bank Wire, Credit Card, Skrill, Webmoney, and Neteller
- Automatic Trading / Scalping: Fully allowed, API Trading
- Trading Platforms: MetaTrader-4, MetaTrader-5, cTrader, FIX API
- Trading Spreads: start as low as 0.0 pip
- Trading Commissions: $7 / full round turn lot
- US Traders: No
- European Traders: No
- Swap-Free Accounts: Yes
- Account Currencies: USD, AUD, GBP, JPY, EUR, NZD, CHF, SGD
- Customer Support: Chinese, English, French, German, Italian, Japanese, Spanish
- Promotions: Free Education
- PAMM/MAM: No
- Free VPS: YES
► Trading with IC MARKETS | EU Traders are not allowed
IC MARKETS Corporate Profile
- Headquarters: Seychelles
- Foundation: 2007
- Regulation: FSA (Seychelles)
IC MARKETS Trading
IC Markets offers tight spreads. The floating spreads start as low as 0.00 pips by charging commissions of $7/ full traded lot.
- Spreads: spread 0.0 pip on RAW account when trading EUR/USD and GBPUSD
- Commissions: $7 per full round lot
- Scalping: Allowed
- Hedging: Allowed
- Trailing Stops: Yes
IC MARKETS is a good choice for day trading and scalping Forex.
- Demo: Yes
- Server Timezone: GMT+2
- API Trading: Yes
- VPS for Traders: Free VPS (100 round turn lots per calendar month are required)
IC MARKETS Asset Index
IC Markets offer many Forex pairs plus Metals, Energy, and Equity Indices via CFDs:
- 60+ currency pairs
- 4 major metals
- Equities (12 index CFDs)
- Energies (Brent and WTI)
- Cryptocurrencies
IC MARKETS Accounts & Funding Methods
The minimum account at IC Markets starts as low as $200. IC Markets offers several funding methods including Wire, Credit Cards, Skrill, Webmoney, and Neteller. Funds transferred via Cards, Skrill, and Webmoney are available for trading within 30 minutes. Domestic bank wire transfers and Bpay deposits are processed overnight. International bank wire may need up to 4 days.
- Broker Type: CFD Provider
- Account Currencies: USD, AUD, GBP, JPY, EUR, NZD, CHF, SGD
- Payment Options: Bank Wire, Credit Card, Skrill, Webmoney, and Neteller
- Minimum Deposit: $200 for an MT4/MT5 or cTrader account
- Free Demo: Yes
- US Traders: No
- Swap-Free Accounts: Yes
IC MARKETS Trading Platforms
IC MARKETS provides MetaTrader for PC and MAC, cTrader, cAlgo, and a FIX API. Mobile Traders are available for iPhone and Android. Automatic Trading, Scalping, Hedging, and Expert Advisors are all allowed.
MT4/MT5 for PC or MAC
- 130 built-in indicators
- Full set of trade orders
- Expert Advisors (EAs)
- Historical backtesting
- Advanced charting functionality
- No trading restrictions – Scalping Allowed
- 60+ Currencies & Metals and other CFDs
cTrader Web
- No order or trade restrictions
- Trade micro lots 0.01
- Full market depth
- Multiple order types
- Advanced charting functionality
- Ultra-low latency execution
- Use the same trading account when using both cTrader and cTrader Web
Language Support: English, Russian, French, Spanish, Portuguese, Polish, Japanese, Korean, Chinese, Italian, Greek, Turkish, Hungarian, Vietnamese, Arabic, and German
Trading Platforms |
MetaTrader-4, MetaTrader-5, cTrader, Mobile Traders |
Automatic, Trading and Scalping |
Yes |
API Trading |
Yes |
Stop Orders: |
Yes |
Limit Orders: |
Yes |
Market Orders: |
Yes |
Trailing Stop Orders: |
Yes |
OCO Orders: |
Yes |
1-Click Trading: |
Yes |
IC MARKETS Customer Service
Here are the main features of the IC MARKETS Customer Service:
- Support Methods: Phone, Live Chat, E-mail
- Languages: Chinese, English, French, German, Italian, Japanese, Spanish
- Offices: Australia, Hong Kong, Vietnam
IC MARKETS Review Summary
IC Markets is a good choice for day traders and other professional traders as they offer tight spreads and fast order execution. The broker is domiciled in Seychelles and regulated by FSA (Seychelles). Note that no US or European traders are allowed.
IC Markets provides a good variety of trading platforms including MT4, MT5, and cTrader plus mobile trading. Auto-trading and Forex scalping are fully allowed. The broker offers 60+ Forex pairs but also Crypto, 4 Metals, 12 Equity Indexes, and several Energy Assets. The spreads are very tight and start as low as 0.0 pips on EURUSD plus a trading commission of $7/lot. Low latency on execution and onboard VPS strengthen further the potential for day trading and scalping.
Several funding methods are available, and the minimum deposit requirement is $200 for MT4/MT5 or cTrader accounts. There is no welcome bonus policy but there is a Free VPS.
IC MARKETS Review Pros:
- Tight trading spreads
- Over 60 Forex pairs plus Metals, Energies, and Equities
- Cryptocurrency trading
- Many trading platforms
- Automatic trading and scalping are fully allowed
- FIX/API trading
- Free VPS
IC MARKETS Review Cons:
- No US or European traders are allowed
Starting an Account with IC MARKETS
Opening an account with IC Markets starts by completing an online application form. Once the application is approved, the trading account login details are emailed directly. The process takes a few hours. To withdraw funds you need to upload the following documents:
Identification (photo ID)
• clear and visible
• issued by a government agency
• Name, Signature, and Expiry Date
Proof of Address
• Issued within 3 months
• Must show the same name and address as your application
► Trading with IC MARKETS | EU Traders are not allowed
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