IC Market Review
IC Market Review
IC Markets is an Australia-based global forex broker that was founded in 2007. The company has several branches and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Supervisory Authority (FSA) and the Australian Securities and Investments Commission (ASIC)
IC Markets is considered safe because it is regulated by the top-tier ASIC.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC MARKETS BROKER DETAILS
|Minimum Trade Size:||0.01|
|Address:||Level 4, 50 Carrington Street, Sydney, NSW 2000, NSW 2000, Australia|
|Contact:||email@example.com, +61 (0)2 8014 4280|
|Regulators:||ASIC #AFSL No. 335692, CySEC, FSA-S|
|Trading platforms:||MT4, MT5, cTrader|
|CFD:||(1600+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities|
|Minimum to Open Live:||$200|
|Withdrawal Methods:||Bank Wire, VISA, MasterCard, Local Bank Transfers, Neteller, PayPal, Skrill|
|Cryptocurrencies:||(10+) Bitcoin, Litecoin, Ethereum|
|Deposit Methods:||Bank Wire, VISA, MasterCard, Local Bank Transfers, Neteller, PayPal, Skrill|
What type of broker is IC Markets?
IC Markets is an ECN trading environment provider that brings true spreads from 0.0 pips from the liquidity suppliers from over 50 different banks and dark pool liquidity sources across 60 forex pairs. IC Markets is a choice for high volume traders, scalpers, EA traders and robots that can enjoy no dealing desk with no manipulation at the prices.
The execution brings speeds and low latency through fiber optic connects traders orders to the market by servers in the NY4 & LD5 IBX Equinix Data Center New York and London.
Is IC Markets legal?
In the case of IC Markets, the broker is incorporated in Australia it does its service regarded by the Australian Securities and Investments Commission (ASIC) license (read more why trade with ASIC Brokers). In addition, IC Markets runs a regulated entity in Cyprus, therefore officially and legally operating trading service for European clients.
With a license and regulation from ASIC, which one of the strictest and most demanding financial regulators, IC Market traders can feel completely confident. The money protection provided through multiple regulated ways and includes the client money segregation while accounts accessed by the client only and used for the purpose of facilitating their own trading.
Facts about the company:
- Australian Forex ECN Broker founded in 2007
- Direct market access through large liquidity providers (Goldman Sachs, HSBC and more)
- One of the first real ECN brokers
- The best conditions and cheap trading fees
- Specialized for Forex Trading
- Fast order execution and no re-quotes
Is IC Markets regulated? – Regulation and safety for Traders
Regulation by an official authority is very important for online trading. A license gives the broker a trustworthy relationship with the customer. To obtain such a license, IC Markets must comply with certain rules and requirements. Violating these requirements would mean an immediate loss of the license. Therefore fraud on the customer can be excluded here.
IC Markets is regulated by the ASIC (Australia), FSA (Seychelles), and CySEC (Cyprus). It is an independent institution of the state government agency. Customer money transactions are conducted by National Australia Bank (NAB) and Westpac Banking Corporation (Westpac). These are both top international banks that have high liquidity. In addition, IC Markets uses external and independent auditors who control the broker.
The broker makes a very serious impression on us and we can assume that this is not a scam:
- Regulation by the ASIC in Australia
- Regulated by the FSA in Seychelles
- Regulated by the CySEC in Cyprus
- Separate accounts at major banks
- The external auditor of the broker
See some partners of the broker:
As for the IC Markets account proposal, there are options either based on ECN connectivity with raw spread and commission as a trading fee, or Standard conditions with all fees in the spread.
There are three main account types that are featuring the same compatibility and power provided by the company, yet are designed to meet the expectations and needs of different trading styles. Two first account offering raw spread condition and commission charge per trade also offering either MT4 platform of cTrader for your selection.
The accounts are available in multiple currencies, up to 10, are fully segregated from the company’s funds and supported by multi-lingual customer team. Additionally, traders that follow Sharia rules can sign for Swap free or Islamic account as an option at IC Markets too, along with risk-free demo account on both MT4 and cTrader that allows the practice of the trading strategy.
IC Markets main features and highlights
|🗺️ Country of regulation||Cyprus, Australia, Seychelles|
|💰 Trading fees class||Low|
|💰 Inactivity fee charged||No|
|💰 Withdrawal fee amount||$0.0|
|💰 Minimum deposit||$200|
|🕖 Time to open an account||1 day|
|💳 Deposit with bank card||Available|
|👛 Depositing with electronic wallet||Available|
|💱 Number of base currencies supported||10|
|🎮 Demo account provided||Yes|
|🛍️ Products offered||Forex, CFD, Crypto|