IC Markets Review Forex broker review 2025 » The Trader In you
Live chat and phone support can assist with any general questions and queries, however, queries addressed to specific departments such as the accounts department are only available via email. Additionally, it provides a comprehensive FAQ section providing relevant answers to the most commonly asked questions. IC Markets’ customer support is excellent compared to other brokers and is available 24/7 which is exceptional considering the norm is 24/5. Overall, Autochartist is one of the best technical analysis tools on the market. On the whole, copy trading is useful for traders who are interested in the financial markets but lack the experience and knowledge. Managed accounts are great for beginner traders who have limited experience with trading.
Standard Account Fees
Still, it offers a decent range of third-party platforms, including MetaTrader 4, MetaTrader 5 and cTrader. https://traderoom.info/ic-markets-forex-broker/ For traders using different base currencies, currency conversion fees may apply when depositing or withdrawing funds. IC Markets offers competitive spreads for CFD trading, ensuring cost-effective access to a wide range of asset classes.
You can start trading with their commission-based accounts offering low spreads and deposits. IC Markets has won the 2024 Annual Awards for transparent commissions and fee structure. You can choose from different IC Market’s account types, such as commission-free Standard account, commission-based Raw Spread or cTrader Raw Spread accounts. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
- IC Markets’ cTrader Account provides a cutting-edge trading experience with a commission rate of $3 per side, which is slightly lower than the Raw Spread Account.
- IC Markets was founded in 2007, and factors such as its years of operation and scope of regulatory licenses should be taken into consideration when choosing a broker.
- These platforms are designed for ease of use, ensuring both novice and experienced traders can navigate them effortlessly.
- Because of their data centres in London and New York, traders can now get the best out of the fast executions.
- They offer competitive services and provide a wide range of markets and advanced commercial platforms.
- To compensate for this, however, a volume-based commission of $3.50 USD ($7.00 round-turn) is applied per lot.
How To Open an IC Markets Account
The broker claims that its platforms are capable of executing trade orders at an exceptional average speed of 36.5 ms. Still, we should note that, unlike other leading brokerages such as ThinkMarkets for instance, IC Markets currently does not offer a proprietary mobile trading app. We do not give IC Markets the top mark overall on fees, because its commissions are a bit higher compared to those of other industry competitors (such as Fusion Markets, for instance).
Catering to high-frequency traders helps IC Markets achieve significantly higher trading volumes relative to its peers, as automated trading strategies can typically do higher turnover than manual traders. These factors helped IC Markets win first place in both the MetaTrader and Algo Trading categories in 2024. IC Markets has a dedicated support department operating 24/7 via live chat, email, and phone.
BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following. The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. As far as user feedback is concerned, not many people have ever complained about issues linked to funds’ security at IC Markets. Indeed, traders’ money is held in segregated client trust accounts at institutions such as National Australia Bank and Westpac Banking Corporation. CTrader is a very capable trading platform and powerful trading environment in its own right.
IC Markets’s Mobile Trading Platforms
However, traders who prefer the cTrader platform can take advantage of a slightly lower price of $3 per lot on each side with this account. Trading costs can be better understood and anticipated with these commissions applied to Forex and metal instruments. In our experience, with the inclusion of algorithmic trading, combined with IC Markets’ tight spreads and deep liquidity pools, Taiwanese traders can greatly enhance trade outcomes. Although the minimum deposit and trade sizes align with other accounts, qualified professional clients have access to higher leverage.
Trading Platforms
Raw Trading Ltd does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. Raw Trading Ltd does not affirm that the information on its website is suitable for all jurisdictions. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Yes, IC Markets is a respectable and trustworthy Forex and CFD broker that is well-regulated and employs robust security measures to protect traders. IC Markets provides multilingual services, but we could not confirm the availability of Mandarin support. Affiliates (not retail traders) can earn lucrative rewards when their clients trade high volumes.
This integration allows Taiwanese traders to implement automated trading systems easily and smoothly. Therefore, cTrader emerges as a standout option for Taiwanese traders searching for a sophisticated platform with access to IC Markets’ favorable conditions. Overall, the MT4 platform’s analytical tools and IC Markets’ price aggregation model can give Taiwanese traders a competitive edge in understanding global market dynamics. IC Markets provides Taiwanese traders with variable trading volumes, allowing them to trade micro-lots to standard lots based on risk tolerance and investing preferences. Yes, you can use social trading features on a demo account to practice without risking real money. We registered a demo account to explore the features of the IC Markets Standard Account.
The spreads for forex pairs are some of the tightest in the industry, with spreads on major pairs often starting at 0.0 pips on certain accounts. IC Markets is a top CFD and forex broker with standard accounts with spreads from 1.0 pip commission-free, and Raw accounts with spreads as low as 0.0 pips plus commission. Read on to find out about average spreads, demo accounts, and trading platforms. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. MetaTrader 5 is the newer version of the MT4 platform, offering additional features and enhanced functionality.
As a true ECN forex broker IC Markets trading costs – spreads and commissions – are low. As this IC Markets review has shown, you can get benefit from the many features that make them unique best forex broker. They excel at service provision, because of experience, after more than a decade in the industry. The spreads, commissions, platforms, financing rates, and other important details, are usually included in the account descriptions. We recommend the free IC Markets demo for new traders who doesn’t have much experience.
On the other hand, the IC Markets entities regulated in the Bahamas and the Seychelles (as well as the company’s IC Trading entity brand in Mauritius) provide fewer regulatory protections.
Traders can easily stay ahead of market-moving events and change tactics using IC Markets’ thorough and user-friendly calendar. If you’re looking for competitively low overnight or swap fees, IC Markets has you covered. IC Markets’ execution policies were efficient, and our testing revealed minimal slippage even during volatile market phases. The IC Markets Professional Account is designed for seasoned Taiwanese investors, providing personalized features and advanced customization options.