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
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.
Is IC Markets 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 minimum deposit on IC Markets?
The minimum deposit is $200.
What financial instruments can you trade on IC Markets?
The broker offers CFDs trading on currencies (forex), stocks, commodities, indices, cryptocurrencies, metals and more.
Is the IC Markets account free?
Yes, the broker only charges fees on the transactions concluded.