A Reputable Trading Club for Investors

IC Markets Review

IC Markets is a well-known and long-standing digital trading firm based in Sydney, Australia (Regulated by ASIC). It was established in 2007. Many people in Australia know about online brokers, and many think it’s the best digital broker in the country. This is because the online broker provides the highest leverage in Australia, as well as low fees, spreads, and many other advantages.

The trading brokerage hopes to close the gap between their clients and large institutional investors by giving them investment options that were once only available to investment banks and wealthy people with a high net worth.

Accepted Countries

IC Markets welcomes investors from the majority of countries across the world, including Australia, South Africa, Thailand, Hong Kong, the United Kingdom, Singapore, Germany, Norway, India, France, Sweden, Italy, Denmark, Kuwait, the United Arab Emirates, Luxembourg, Saudi Arabia, and Qatar.

Traders from the United States of America,  Iran, Iraq, Canada, Zimbabwe, Ghana, Cuba, Liberia, Cote D’Ivoire, Niger, and Togo are prohibited from trading on IC Markets.

License and Regulation

In 2009, the Australian Securities and Investment Commission (ASIC) gave IC Markets license number 335692. This lets the company legally work as a broker. Most people agree that it is one of the safest and most reliable places to trade online. The platform must follow the rules and procedures set by ASIC, which is a well-known and strict regulatory body.

The brokerage is not only regulated by ASIC but also by the FOS. Customers of IC Markets can use this service to deal with their problems in a timely and organized way.

Trading Products

The trading platform offers a wide range of products that can be specially designed to meet the specific needs of each trader. These items include standard trading instruments and more recent innovations like bitcoin trading. Foreign currency, equities, soft and hard commodities, stocks, contracts for difference (CFDs), and bonds are some of the various asset types. Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Bitcoin Cash (BCH), Litecoin (LTC), and Ripple are the cryptocurrencies that can be used for trading on the IC Markets cryptocurrency exchange.

Trading Platform

In addition to advanced technological optimization of execution provided by the most recent innovations, the IC Markets Platform offers advanced software initiatives, such as MetaTrader4 and cTrader are two of the most popular trading platforms on the market right now. Because of this, IC Markets gives its customers access to both options in their ECN trading environment.

If you want to, you can still do business with MetaTrader5, a modernized and improved version with many new and exciting features.

Mobile Apps

Mobile applications are also available, particularly helpful for modern traders who want to stay updated with market circumstances. Similarly, MT4, MT5, & CTrader can all be accessed through Android or iOS smartphones, enabling users to manage their accounts and maintain control over their positions.


IC Markets provides clients with all of the necessary charting tools. You can use technical tools like the Fibonacci retracement, trendlines, and 31 technical indicators.

You can use technical tools like the Fibonacci retracement, trendlines, and 31 technical indicators.

News Feeds

The news feeds, referred to as “Market Buzz,” features an appealing interface and provide news analytics and opinion indicators. The individual news pieces offered by third-party news websites like ForexLive / tickerreport.com each open on a webpage, which is an inconvenient design choice. Additionally, the news page is packed with tweets.

Deposit and Withdrawal Fees

  • Deposit : Deposits made through IC Markets do not impose any fees. There are numerous options for adding funds to your account; however, certain deposit methods are restricted for the base currency of certain accounts. For instance, BPay will only take payments in Australian Dollars.
  • Withdrawal : When you take money out of IC Markets, there are no fees if you use a credit card, debit card, bank transfer, or electronic wallet.


Commissions are applied to CFD instruments traded through IC Markets. In return for enabling the purchase and sale of digital products through your trading account, a broker may levy a commission fee. A broker may make most of their money from commission fees authorized traders to pay. Trading types, financial assets traded, and account types can all affect the commission you’ll pay.

Customer Support

Customers have said that IC Markets’ customer service is better than that of other brokers, and the fact that it’s available 24/7 is notable since the standard in the industry is 24 hours a day, five days a week. In addition, users from all over the globe have access to operational assistance that is offered in a number of different languages. The people who work in customer service can talk to people in many different languages, like Dutch, Japanese, German, Polish, English, Danish, and Chinese.

At IC Markets, customers can get help in a number of ways, including by email, by phone, and in real-time through live chat.


This system places a premium on the safety of its users’ data. The client’s details, including name, email address, and phone number, are among the most crucial information you’ll receive. The security of clients’ private information is becoming more concern as companies shift online.

IC Markets is subject to supervision and regulation from a variety of financial authorities around the world, including the most prominent ASIC. The firm is not featured on any stock exchange, and it does not make its financial data publicly available. 

Margin and Leverage

The maximum leverage obtained with IC Markets is 1:500. It paves the way for traders to enter the foreign exchange market. When you use leverage, you need to make a small initial investment (called a margin). Using leverage can result in increased profits, but it also increases the risk that losses will exceed the initial deposit.

Account Types

There are four different kinds of accounts, and each one has advantages and disadvantages.

  • Standard Accounts : To gain access to powerful trading resources, open a Standard Account with IC Markets. There will be no minimum trade size requirements when executing trades across several asset classes.
  • Raw Spread Accounts : Both the Raw Spread Account and cTrader at IC Markets feature low spreads. Fees for both accounts are minimal, and you can leverage up to around 500:1. IC Markets may or may not impose a commission fee on each trade made in your account.
  • cTrader Account : Before signing up for an IC Markets cTrader account, you should know a few things. The five-step digital procedure takes less than a minute to complete, and in most cases, you may have your account up and running the same day.
  • Islamic Accounts : Islamic Accounts from IC Markets offer a number of advantages. Among its features is the absence of rollover fees for open positions. A trader who establishes an Islamic Account can have it switched to a regular MetaTrader account at any time.

The Pros and Cons of IC Markets include the following:


  • Opening an account is simple and quick
  • No fees for making deposits or withdrawals
  • Multiple trading tools 
  • Fastest execution times
  • Offer both raw spread account and standard account to customers


  • Live chat is a bit slow
  • There is no protection for investors outside of the EU.

Final Words

IC Markets offers an advanced trading offering, allowing you to choose the trading product, platform, account type, usage of automated or social trading, and even the chance to become a partner, among many other features.

IC Markets’ professional optimization is among the most effective in terms of execution, platform reliability, range of available tools, and quality of customer service.

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