IC Markets Review

IC Markets is a reputable and established online trading brokerage based out of Sydney Australia (Regulated by ASIC). The company was founded in 2007 and is owned and operated by International Capital Markets PTY, with their headquarters locates at Level 6 309 Kent Street Sydney, NSW 2000.

 

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Assets

IC Markets trading brokerage does not fall short in offering their clients a wide range of trading instruments and assets. The brokerage offers over 80 instruments including currency pairs, CFDs on indices, stocks, commodities and futures, precious metals, and even the most popular cryptocurrencies, such as Bitcoin and Ethereum.

Forex is a huge part of the IC Markets offering. The majority of the 90+ assets available to trade are currency pairs. This is backed up with leverage of up to 500:1, lot sizes from just 0.01 (maximum lot size is 1, but traders can trade multiple lots).

On the cTrader platform, spreads can be reduced to 0.0, minimising commission and spread costs for frequent traders. Average spreads are extremely low, just 0.1 pips for EUR/USD for example.

Account Types

IC Markets provides their traders with 3 different account types tailored made to accommodate each trader’s needs. Traders can choose from a “Standard”, “True ECN”, or a “cTrader ECN” account. The accounts have their differences, but basically all offer the same features.

The True ECN account offers slightly lower spreads – but they are very low across all the accounts. In addition to these accounts, traders can also practice trading on with IC Markets via their live demo account.

This account allows the trader to practice using virtual money in a live market environment.

Trading Platforms

IC Markets offers their traders not one, but three high quality trading platforms to choose from. By offering three different trading platforms, traders are blessed with having a myriad of tools and analysis methods to execute their trades.

See the available platforms below.

• MetaTrader4
• MetaTrader5
• CTrader

Bonus & Promotion

Unfortunately, IC Markets do not offer their traders any sort of bonuses. However, this should not be viewed as a bad thing. The brokerage has built a strong reputation and are rightly proud of their offering.

They do not want to encourage overtrading, or misrepresent their products via incentives.

Deposit & Withdrawal

Deposits

IC Markets offers their traders a wide variety of deposit options in 10 different currencies. These include AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF. As for deposit options, they include Credit and Debit Cards, Bank Wire Transfers, Broker to Broker transfer, Branch Cash Deposit, BPay Deposit, PayPal, Skrill, Neteller, WebMoney, QIWI, China Union Pay, and FasaPay.

Most of these deposit methods are instant and can be done with multiple currencies.

Withdrawals

Withdrawals can be made via many of the same methods as deposits. Domestic bank transfers and e-wallet withdrawals can be processed within the same business day and are free of charge. As for international withdrawals, they can take up to 3-5 business days and cost $25 AUD.