IC Markets is an Australian broker that is well known in Europe and Asia. Since its establishment in 2007, it has been offering its services in the ECN model. It is regulated by the Australian Securities and Investments Commission (ASIC). The broker boasts the ultra-fast execution of orders. In addition, it offers dedicated accounts for scalpers, daytraders and EA robots.
International Capital Markets offers most popular trading platforms like Meta Trader 4, 5 and cTrader, all in mobile and desktop version. Clients can also use tools like VPS, Autochartist, trading tools, FIX API, Myfxbook Autotrade or MAM/PAMM.
International Capital Markets Pty Ltd (ACN 123 289 109) (trading as IC Markets) holds an Australian Financial Services Licence (AFSL No. 335692) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL.
IC Markets (EU) Ltd – regulated by the Cyprus Securities and Exchange Commission (CySEC) under the CIF Licence No 362/18.
Raw Trading Ltd (Trading as IC Markets SC) – regulated by the Financial Services Authority of Seychelles with a Securities Dealer Licence number: SD018
Table of Contents:
- IC Markets offer
- Account types
- Demo account
- Fees and commissions
IC Markets offer
The IC Markets broker is a typical CFD broker, which means that all instruments and markets available in its offer are in practice CFDs. It means that when trading, for example, gold, in practice we do not buy gold, but only a contract for price change.
Like other brokers, IC Markets also offers access to currency pairs, more than 60 different pairs to be precise. The spreads on them, as declared by the broker, starts from 0 pips (depending on the account type).
Stock indices offer exposure to “baskets” of stocks from a variety of markets and industries. The most popular of them are, for example, the SP 500, DAX or FTSE 100. IC Markets offers 25 indices from exchanges around the world.
Energy resources, agricultural raw materials and precious metals. You can also find CFDs on these types of products at ICM. More than 20 instruments of this type are available.
The broker offers access to over 730 CFDs on shares from exchanges such as ASX, Nasdaq and NYSE. These are stocks CFDs of the most popular companies with the highest liquidity.
Bonds CFDs allow for exposure to domestic bonds from major countries such as Japan, UK and the US. In total, you can trade over 10 different bonds.
IC Markets also offers the possibility of trading cryptocurrency contracts, 7 days a week. Standard leverage on such instruments is lower compared to less volatile markets. The broker offers over 10 of the most popular cryptocurrencies.
Futures CFDs allow for exposure to the most popular “futures” such as:
- ICE Dollar Index Futures
- CBOE VIX Index Futures
- Brent Crude Oil Futures
- WTI Crude Oil Futures
Types of accounts at IC Markets
We can distinguish 3 different types of accounts in ICM – Raw Spread, Raw Spread (cTrader) and Standard. It is worth adding that the leverage depends on the jurisdiction in which we create our account. While in Seychelles it can be even 1:500, in the Cyprus branch of IC Markets it will be compliant with ESMA restrictions, i.e. it will be 1:30 for non-professional clients and 1:200 for professional clients.
It is a standard account comparable to accounts with most FX / CFD brokers. Namely, the only transaction fee in this case is the spread, which starts at 1 pips. There is no additional commission present on Raw Spread accounts. The minimum lot size is 0.01.
Available platforms: Meta Trader 4 and 5.
Raw Spread Account
It is an account with very low spreads (the average spread on EUR / USD according to the broker is 0.1 pips), but with an additional commission on concluded orders (3.50 USD per 1 lot of transaction, both when opening and closing positions).
Available platforms: Meta Trader 4 and 5.
Raw Spread Account (cTrader)
Equivalent to a Raw Spread account, but with a different trading platform – cTrader. In this case, the additional commission on the transaction is slightly lower, amounting to USD 3 per 1 lot (also charged at opening and closing).
It is worth adding that the range of available instruments may differ between the Meta Trader and cTrader platforms.
IC Markets Demo Account
The IC Markets platform allows you to set up a demo account. Just go to the form at https://www.icmarkets.com/global/en/open-trading-account/demo where you need to provide some basic data:
In the next step you will be asked to set up a demo account. You choose what platform you want to use, what type of account to test, what will be its currency, maximum leverage and initial deposit.
After completing these steps, login details for the demo account will be sent to the e-mail address provided during registration. You will also receive a link to download the trading platform you indicated.
IC Markets Platforms – cTrader and MetaTrader
The IC Markets broker’s offer includes MetaTrader 4 and 5 platforms, as well as the cTrader platform. The amount of leverage and available instruments may vary depending on which platform the trader chooses.
IC Markets cTrader
The cTrader platform combines the speed of a high-performance trading platform with the deep liquidity of IC Markets, providing clients with the ultimate trading solution. It uses proven technology that will take trading to the next level.
The IC Markets cTrader platform gives access to “deep liquidity” for 64 currency pairs and 16 major stock indices. Active traders around the world appreciate trading with the highest functionality of the cTrader platform and prices from many global banks, which provides the best trading solutions.
cTrader is available in the form of an application for personal computers, a web application and an application for mobile devices with Android and iOS systems.
The cTrader platform at IC Markets includes:
- Real-time Forex and CFD quotes
- Market-leading spreads and low commissions
- Servers in the LD5 IBX Equinix data center.
- Micro lot trading – minimum lot size 0.01 with no maximum
- Flexible funding and payout options
- Tier II pricing with full market depth
- No limits for orders
- Many types of orders
- Detachable charts
- Extended symbol display
- Real-time reports
- One-click trading
cTrader also provides access to an automation tool called cTrader Automate, which allows you to create algorithmic investment systems and personalized technical indicators. cTrader additionally has a copy trading function.
Fees and commissions
As mentioned earlier, fees and commissions will vary depending on the selected account and class of instruments. In the case of deposits and withdrawals, IC Markets does not charge any additional commissions, however, such commissions may be charged by the bank processing the transaction.
IC Markets has two types of MetaTrader accounts, a standard account and a Raw Spread account. IC Markets does not charge commission on standard accounts but instead applies a spread margin of 1 pip above interbank prices received from liquidity providers.
The IC Markets Raw Spread account shows the interbank spread received from liquidity providers. A commission of $7 is charged on this account. for a standard return flight. The commission is 5.50 for the euro, 5.00 for the pound and 6.60 for the Swiss franc.
IC Markets reviews
On Trust Pilot, IC Markets received a very high score of 4.9 (out of 5) based on around 26,000 reviews. Users pay attention primarily to low spreads, fast execution of orders and very good customer service.
IC Markets cTrader for Android is rated 4.3 by around 5,000 users in IC Markets mobile app stores (the app has been downloaded over 100,000 times). The same app, but on iOSA, received an average score of 4.4 based on 85 ratings.
Is IC Markest safe?
Yes, it is one of the largest brokers in the world that has been operating continuously since 2007 and has ASIC, CySEC and FSA licenses.
What is the minimum deposit at IC Markets?
The minimum deposit is $200, regardless of the trading account you open.
What can I invest in on IC Markets?
The broker offers trading CFDs on currencies (forex), stocks, commodities, indices, cryptocurrencies, metals and more.
Is an account at IC Markets paid?
No, the broker does not charge any fees on deposits, withdrawals and transactions, only charging standard spreads. However, fees apply to Raw Spread accounts. Details are available on the broker's website.
Is IC Markets an ECN/STP broker or a MM?
IC Markets is the issuer of the products it provides. He describes himself as a forex provider in the ECN pricing model, as the prices come from external, unrelated liquidity providers and are communicated to the client without dealer intervention.
Does IC Markets offer a demo account?
Any trader can set up a demo account with IC Markets, testing each of the three account types, different levels of leverage and different asset classes. Setting up takes only a few minutes and requires only basic data.
What is the difference between IC Markets Standard and Raw accounts?
IC Markets has two types of MetaTrader accounts: Standard Account and Raw Spread Account. IC Markets does not charge commission on standard accounts, instead it charges a spread. Instead, the Raw Spread account shows the interbank spread received from our liquidity providers. There is a commission of $3.50 on this account. for each standard lot in both buy and sell transactions.
Can I have multiple accounts with IC Markets?
IC Markets allows you to open multiple trading accounts. You can open an additional trading account through your Client Area.
What Forex currency pairs are offered by IC Markets?
IC Markets offers over 75 currency pairs, including cryptocurrencies. Traders can open positions on the most popular currency pairs with the US Dollar and on a number of cross pairs.
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Can I have 2 Accounts in ic market with 2different email address