IC Markets Review

Overview

IC Markets successfully works in financial markets, providing a full range of services to traders around the world.

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Details

BrokerIC Markets
Website URLicmarkets.com
Founded2007
HeadquartersInternational Capital Markets Pty Ltd, Level 2/2 Bligh Street, Sydney, NSW 2000, Australia
Support Number+61-028-014-42-80
Support TypesChat, phone, email
Minimum 1st Deposit$200
Maximum Trade Amount1$
Leverage500:1
Spreadfrom 0 points
Free Demo Account Open Demo
Regulated Yes
RegulationASIC (№335692)
Account TypesDemo, Standard, True ECN, cTrader ECN, Live Счет
Deposit MethodsCredit and debit cards VISA, Union Pay, Master Card, bank transfers SWIFT, Neteller, Skrill, BPay, FasaPay, WebMoney, Yandex.Money
Withdrawal MethodsCredit and debit cards VISA, Union Pay, Master Card, bank transfers SWIFT, Neteller, Skrill, BPay, FasaPay, WebMoney, Yandex.Money
Number of Assets90+
Types of AssetsCurrency, metals, raw materials, CFD for indices
Account CurrencyAUD, USD, EUR, GBP, SGD, NZD, JPY, HKD, CHF, CAD
US Traders Allowed No
Mobile Trading Yes
Overall Score3/10

Full Review


IC Markets has been successfully working in financial markets since 2007, providing a full range of services to traders worldwide (up to 160 countries). The company was established by a team of professional financiers. That’s why the platform ensures the most comfortable terms of trade. Today, after 10 years of dynamic development, it’s one of the largest brokers in the foreign exchange market and CFD contracts in Australia. It’s capable of satisfying the demands of any user.

Of course, you’d like to know whether IC Markets is a scam or a worthy experienced company. Just keep reading this review to find out.

The broker’s number one goal is to overcome the gap between individual and institutional clients and provide an average trader with those trading solutions previously available only to investment banks as well as large private investors. One of the most interesting innovative tools is IC Markets True ECN, which boasts fast transaction execution technology, low spreads, and interbank liquidity.

Trying to stand out from its competitors and maximally satisfy the demands of its clients, the broker provides favorable trading conditions in the foreign exchange market: narrow spreads (for True ECN accounts they start from 0.0 points), the possibility of holding funds on a deposit in up to 10 currencies, fast execution of orders as well as a high level of customer service. Due to broad cooperation with the world’s best suppliers of trading technologies, the company can provide its customers with advanced trading solutions: a book of orders, built-in spread monitoring, ladder trading, automated closing of trading positions, etc. As for mobile applications of the broker’s own design, they’re specially optimized for maximum convenience.

This Forex broker is concerned with ensuring transparency of trade: all transactions take place immediately in its ECN and via liquidity providers, which means that the trader works directly with the real interbank foreign exchange market. A unique environment provides high quality services without restrictions on trade: scalping, hedging, automatic trading, etc.

The broker’s team has wide experience in the field of currency trading. They perfectly understand the needs of their clients. For trading, you can use any of the two best trading platforms: MetaTrader 4 and cTrader. They can really make your trading profitable. Based on the quotations of more than 50 different banks and over-the-counter sites, IC Markets offers some of the most profitable quotations in the foreign exchange market. Considering the high speed of the execution of transactions, the broker has become one of the best trading options for intraday traders and scalpers.

 

Replenishment and withdrawal of funds

IC Markets offers different ways to deposit funds and withdraw earnings. In order to replenish your trading account, you need to go through the registration procedure with the broker and deposit the desired amount by choosing a convenient way of transferring funds:

  • Credit and debit cards: VISA, Union Pay, and mastercard;
  • Bank transfers SWIFT;
  • Electronic payment systems (Neteller, Skrill, BPay, FasaPay, WebMoney, Yandex.Money).

You can open an account in your choice of several currencies. Replenishment occurs instantly. When it comes to withdrawal, you can use only those payment systems from which the account was replenished. It will take you up to 3 banking days to have your earnings withdrawn.

 

Complaints about IC Markets

The Internet offers various reviews about the broker, which suggests that traders are interested in finding the best conditions and that they hope to find them on this platform. At the moment, we note that positive reviews dominate. In most cases traders highly praise the platform’s reliability, trouble-free withdrawal of earnings, favorable terms of trade, low spreads, many useful services, highly responsive technical support managers, instant execution of deals (it’s really one of the fastest in the Forex market), high quality analytics, and useful materials on the site. Many traders agree that the broker is ideal for newcomers, scalpers, and those who are fond of using advisers (truth about Forex).

Of course, there’re also negative aspects (a lot of identical negative reviews, which suggests their spam nature). Most of these negative reviews relate to the following issues: a complicated registration procedure and withdrawal of money (delays, freezes, rejections without explanation), problems with the trading terminal (slippage when opening, closing, and modifying orders, and also re-quotes and suspension of service). To avoid negativity when working with the broker, we recommend you correctly verify your trading account and clarify the intricacies and pitfalls of the use of bonuses and the withdrawal procedure with the personal manager.

If we find complaints about IC Markets, we will post it on social media. Follow us to be well informed:

 

Is IC Markets a scam?

Today IC Markets is a large successful Forex broker who has worked with traders around the world for 10 years. The company offers high quality services and profitable Forex trading conditions. The Internet offers enough positive reviews about the company, which boosts the company’s credibility. In many ways it proves that it’s not a one-day broker. Certainly, there are negative reviews, but there aren’t many of them. What’s more, these have much in common with pure spam.

Another positive factor is the provision of one of the most popular trading terminals – Metatrader 4. Additionally, traders can count on the broker’s exclusive mobile applications and its impressive and unique service IC Markets True ECN, which features a strikingly fast transaction execution technology. Other virtues include low spreads as well as interbank liquidity. By setting one of its goals to develop a unique qualitative service and successfully implement it (which is confirmed by positive reviews from traders), the broker shows its serious intentions and a strong desire to take a leadership position and stand out from its competitors.

The official website of the company deserves special attention. The site is very simple and intuitive, but its small font complicates the overall perception of the material. The resource contains a lot of useful materials: liquidity providers, terms of trade, available accounts, analytical as well as training materials, etc. – all of this indicates a thoughtful policy of working with the user. That’s what scams never do. The company has a license. The clients have an opportunity to opt for technical support, use analytics (news, trade calendar, calculator, market analysis), and trade is quite profitable on the platform. As for the means of communication, their list is limited: you can only call the office located in Australia. In addition, the company doesn’t provide information about the current bonuses on the website. However, this doesn’t prevent traders from working on the site and earning a decent income.

Should we consider IC Markets a scam? No! 10 years of successful work with traders worldwide, the provision of a unique and high-quality service, positive reviews on the Internet – all of this proves that it’s not a fraudster. Nevertheless, in order to avoid problems with the broker, you should properly work with your personal manager. You should specify all of the necessary information about the rules of the withdrawal procedures, etc.

 

Regulation of the broker

IC Markets is licensed by the Australian Securities and Investment Commission (ASIC, No.3,35692). The company was registered in 2007. It operates under the Australian Finance License (AFSL, No.3,35692).

All funds of traders are transferred to the trust account of an Australian bank. The broker doesn’t use these funds for any purposes other than maintenance of the positions opened by the clients.

 

Conclusion

The Forex broker IC Markets has been successfully working in the financial markets for 10 years. It’s rightly considered to be one of the industry leaders. Following current trends, providing unique services (for example, a book of orders, built-in spread monitoring, ladder trade, etc.), reliable terminals, favorable trading conditions (narrow spreads, an ability to work with several currencies, a small deposit size, fast execution orders, etc.), the company successfully attracts the attention of traders.

A large number of positive reviews about it make us trust this company. The informative official website of IC Markets, a variety of ways to deposit and withdraw funds, the availability of a license, a wide array of trading options – all of this positively characterizes the company. We should also note the service of IC Markets True ECN, which is designed to make trade as transparent and simple as possible. For 10 years IC Markets has proved its ability to be reliable and stable. That’s why we can’t label it as a fraudster. The responses of the traders we are waiting for in this article will influence the rating of the broker on our web portal. Additionally, they will also warn investors against possible problems in the future.

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