IC Markets Review Pros, Cons, My Experience

Forex Trading

It allows traders to viewmultiple timeframes of price action and helps them make technical analyses. Thecharting tool also provides multiple indicators traders can use in theirtrading strategies. The broker offers positive and negativeswap fees, depending on the direction of the trade. The swap fees can be viewedon the trading platform and vary depending on the currency pair being traded.

leverage offered?

On IC Markets, commission fees are at $7 AUD or USD round-turn per standard lot of 100k units. For other base currencies commission is at; £5.0 GBP, €5.5 EUR, or $9 SGD for a standard lot round-turn. On other currencies like CAD, CHF or NZD, your commission will be converted at spot rates from USD.

  1. Already a standard for Forex trading, with IC Markets, MetaTrader 4 is available for both Windows PCs and Mac.
  2. The overnight interest added or removed to keep a trade open overnight is referred to as a swap rate or rollover.
  3. Of the brokers 32,475 reviews, 91% of customers gave IC Markets 5 stars, showing an incredibly high level of client satisfaction.

Account Types and Features

IC Markets is one of the leading online brokers who continuously revolutionize the online forex trading world by allowing traders to gain access to pricing and liquidity within financial markets. Their mission is to create the best and most transparent trading environment https://traderoom.info/ for retail as well as institutional traders, allowing them to focus solely on their trading. As IC Markets was built for traders by traders, they are dedicated to providing the best possible trading conditions, including spreads, execution, and other services.

Range of Offerings

Some rules brokers must abide by include reduced leverage, bonuses, promotion restrictions, and negative balance protection. IC Markets allows traders to trade commodities like food, energy, and metals as easily as a currency pair against the USD or as a futures CFD. The broker offers viable commodities by fusing tight pricing with versatile lot sizes starting at $0.10 per point.

The answer is IC Markets are regulated by various governing bodies to provide financial services. Let’s look into this in more detail because the regulation behind this broker is a bit complicated. In association with IC Markets, ZuluTrade offers a social trading platform that emphasizes trader involvement and collaboration.

Feel free to reach out in your preferred language, as their team is equipped to provide effective assistance in various languages. You can contact them via email, phone, or through their 24/7 live chat support on their website. Their responsive customer support is available to assist you with any inquiries or issues you may have.

The broker offers more than 50 technical indicators whichcan be used for performing complex analyses. The broker also provides multiplecharting tools to help traders make informed decisions while trading. The broker also offers a range of indexCFDs, including the global equity and sector-specific indices. Some of thepopular indexes provided by IC Markets are S&P 500, Dow Jones 30, DAX 30,and FTSE 100. The spreads available are from 0.5 pips, making it an attractiveoption for traders. The broker offers variable spreads thatstart at 0.0 pips, with no commissions on forex trades.

If you’re keen on exploring more about the best MT4 brokers, this detailed review on the best MT4 brokers can provide further insights. For seasoned traders looking for advanced tools and a wide range of trading options, ic markets forex broker review FOREX.com might be the most suitable option. However, IC Markets still remains a strong contender due to its competitive offerings. IC Markets is known for its prompt response times, with a dedicated team available 24/7.

The Raw Spread account boasts slightly lower spreads best suited to scalpers, although spreads are very competitive across both account types. The swap fee is often overlooked whenchoosing a broker but is an essential element. IC Markets has some of thelowest swap fees in the market, which are based on the interest rates on thecurrency pairs. It’s not great to be trading with an unregulated broker as they can manipulate prices, scam you and even not pay out your hard earned withdrawals.

Customers can also access enhanced liquidity and low latency through any IC Markets platform. IC Markets is a very solid online FX/CFD trading destination, offering great support, an outstanding selection of trading platforms, as well as True ECN execution. To top it all off, its reputation amongst its users is pretty impressive as well. Ultimately, IC Markets has room for improvement in its educational resources. I would like to see it enrich its offerings by introducing courses with progress tracking, quizzes, and the option to filter content based on your experience level.

The cargo interface and platform are another one of cTrader’s many innovative features. Utilizing the source code editor together with the programming language C#, it is possible to create individualized technical indications that may be used for technical analysis. Lastly, in terms of IC Markets EU, as per the requirements of the CySEC law, IC Markets EU places client monies in separate trust accounts with leading European financial institutions. However, to reach margin requirements, they recommend that you deposit $1,000 in your base currency. Based on our team’s testing, IC Markets scores 8.5, while FOREX.com scores 7.5 in educational resources. Hence, IC Markets offers superior educational resources compared to FOREX.com.

Leave a Reply

Your email address will not be published. Required fields are marked *

Your email address will not be published.Required fields are marked *

Looks good!
Please Enter Your Comment
Looks good!
Please Enter Your Name
Looks good!
Please Enter Your valid Email Id