IC Markets Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?
A group of financial experts first formed IC Markets in 2007 in the city of
Sydney, in the country of Australia. Their primary mission is to bring together
retail and institutional traders and to provide those traders with trading
solutions that are customized to their individual tastes.
Visit IC Markets Website.
IC Markets has established itself as one of the most successful suppliers of foreign exchange trading services in Australia and in the APAC region as a whole. They make available a wide variety of trading products, such as cryptocurrency, commodities, stocks, shares, bonds, and futures, for customers to deal with. Trading in cryptocurrencies is made possible through IC Markets, which offers trading in pairings of fiat currencies against Bitcoin, Dash, Bitcoin Cash, Ripple, Ethereum, and Litecoin. They allow long or short bets, with a leverage level of 1:5, a margin level of 20 percent, and a minimum trading size of 0.001 dollars.
IC Markets is a broker that operates on the Electronic Communications Network (ECN), and it provides raw spreads beginning at 0.0 pips straight from a variety of different liquidity providers. In addition to this, they purchase dark pool liquidity across sixty different forex currency pairings. Because there is no dealing desk and there is no price manipulation, many high-volume traders, scalpers, EA traders, and day traders will gain more from using IC Markets. This is because there is no manipulation of the pricing.
Because to the utilization of fiber optic technology, the execution has very little slippage and very little delay. Through its NY4 and LD5 IBX Equinix Data Centers in New York and London, traders' orders are fulfilled in real time and directly with market prices. IC Markets makes every effort to deliver the most advanced technology solutions possible, in addition to the very important component of first-rate customer service and technical support. Because its staff members have worked in the foreign exchange market for a significant amount of time, they are aware of the requirements placed on traders.
Due to the fact that it is regulated by one of the most established and stringent regulators in the industry, IC Markets is widely regarded as a trustworthy broker.
The broker's primary operating licenses come from the Australian Securities and Investments Commission (ASIC) and the Australian Financial Services (AFSL) No. 335692. These licenses grant them permission to carry on a financial services business in Australia, but only within the scope of the financial services that are covered by our AFSL. The broker's headquarters are located in Australia.
The Australian Financial Services License (AFSL) and the Australian Securities and Investments Commission (ASIC) are two of the most demanding and demanding financial authorities in the world, which is why traders who use IC Markets won't have anything to worry about.
Tweets by IC_Markets
They demonstrate their reliability by adding an extra layer of safety to the finances and personal information of their customers, and they also hold their customers' money in accounts that are kept separate from one another, as is required by the relevant authorities. Customers are the only ones who can access their trading accounts, and their primary function is to facilitate trading by making the process less complicated for customers.
In addition to having an AFSL, IC Markets is also a member of the Financial Ombudsman Service (FOS), which is an Australian conflict resolution corporation. The FOS is responsible for independently and justly resolving disputes that arise between customers and the financial service providers who serve them.
In order to be completely authorized to offer its services to customers located inside the European Union, IC Markets is not only registered but also regulated by the Cyprus Securities and Exchange Commission (CySEC).
Before engaging in business with the broker, prospective customers are strongly encouraged to familiarize themselves with both their Account Terms and their Product Disclosure Statement on CFDs through careful reading. This will help customers make the most informed choice possible.
Because IC Markets wants to be as accommodating as possible, there are no costs associated with deposits, withdrawals, or periods of inactivity on the account.
However, you will find that the financing rate for CFDs is rather expensive. In addition, there is an overnight charge that varies depending on the difference between the overnight interest rate and the prime rate.
IC Markets provides two distinct types of MT4 accounts, the Standard account and the industry-standard Raw Spread account.
On Standard accounts, it does not charge a fee, but rather it imposes a spread mark up of 1 pip over the Raw inter-bank pricing that it receives from its liquidity suppliers. The Raw Spread account displays the raw inter-bank spread that was provided to us by our liquidity providers. There is a charge of $7 per standard lot round turn on this account.
Fees for the Standard Account: The Standard Account may be accessed using MetaTrader4 and comes with a VPS Cross-Connect. The spread starts at 1.0 pips, and the basis starts at 0.0.
The True ECN account enables micro lot trading with sizes as small as 0.01 lots, high institutional grade liquidity, ECN spreads starting at 0 pips, and a commission of 3.50 dollars for every one hundred thousand dollars that is traded on MT4. In addition, the account has a commission rate of 3.50 dollars. This is the narrowest average EURUSD spread on a worldwide account, with spreads on EURUSD averaging 0.1 pips over twenty-four hours over the course of five days.
Ctrader ECN Account Fees: The cTrader ECN Account provides essentially the same features as MT4, however the platform is utilized by professional and skilled traders, hence the fees are different. Additionally, the spread that is completed starts at 0.0 pips, and the commission is 3.00 dollars every one hundred thousand transacted. This is an application that is served by Equinix LD5.
There is also an overnight charge, the amount of which is decided by the difference in the interest rates that apply overnight between the two currencies that are participating in the pair and the position that is being held. The charge is initially different for each currency, but traders need to keep in mind that overnight fees can have a good or negative impact on their trading account.
IC Markets does not levy any fees associated with withdrawals, and the company's withdrawal process is both quite quick and user-friendly for traders.
However, if you want to withdraw your funds via the means of an international bank transfer, you will be required to pay a withdrawal charge of 20 Australian Dollars (or the equivalent amount in another currency). After each withdrawal, the charge will be deducted from your account automatically.
You won't have to pay any additional costs everytime you make a deposit since IC Markets doesn't charge any fees for deposits. This means that you may make deposits without worrying about being charged more. There are 10 different base currencies available for you to select from in order to trade using your favourite currency.
However, you need to be sure that the method you choose to deposit money is compatible with the currency you want to use as your base currency. This is because there are certain methods of depositing money that do not support all ten different base currencies.
The process of opening an account with IC Markets is completely automated, therefore it just takes a few minutes.
You have the option of trading with one of three different account kinds when you open an account with IC Markets. These account types are the True ECN Raw Account with cTrader, the True ECN Raw Spread Account with MetaTrader4, and the Standard Account with MT4 and MT5.
There is a fast, simple, and hassle-free method to establish an account with any of these three choices, and it won't need any of your time at all.
IC Markets ECN CTrader Account: The first type of account that IC Markets offers is the True ECN Account with cTrader. This account type gives you access to quicker order execution and does not impose any trading limits.
In addition to being able to trade with 15 different CFDs and 64 different types of metals, traders who use this sort of account are also permitted to scalp and hedge their positions. When you open a True ECN Account with cTrader, you will find that the spreads begin at 0.0 pips, and you will also have access to all of the main base currencies.
An account that corresponds with MetaTrader is known as the IC Markets Account of True ECN Raw Spread Account. Scalping is another trading strategy that can be utilized, and users have access to some of the most popular base currencies, including USD, EUR, and GBP.
Because there is no requirement for a minimum trading distance and you have the ability to "freeze" your order at any price, there are no constraints placed on the possible solutions to your trading problems, and you will not face any obstacles when trading.
The Standard Account is the third and final type of trading account offered by IC Markets. With this account, you have the option of opening an account with either the MetaTrader4 or MetaTrader5 trading platforms.
In addition, there is no commission to pay, making it accessible to all different kinds of traders. You will find that the Standard Account features variable lot pricing for your trading techniques and trading positions, and the maximum leverage level is 1:500.
How to Register for an Account with IC Markets
There are five stages involved in opening an account with IC Markets, and the process takes an estimated three minutes.
FIRST STEP: In order to open an ECN account for forex trading, you will need to provide your personal information through the online application.
The second step is to decide what kind of account you want to open and then provide your date of birth and the address where you now live.
THIRD STEP: Select the trading platform, account type, and base currency that are most suitable for you.
FOURTH STEP: Complete the trading questionnaire by providing information about your previous trading experience as well as a response to a security question that will be used throughout the login procedure. Additionally, you will consent to the acceptance of a declaration stating that you are aware of and comprehend IC Markets' terms and conditions.
FIFTH STEP: Deposit money into your trading account and submit the documents proving your identification and where you live, also known as a proof of identity (POI) and proof of residence (POR).
IC Markets gives customers ten different options for flexible finance in 10 different major currencies.
AUD, GBP, JPY, HKD, SGD, NZD, CHF, CAD, EUR, and USD are some of the currencies that are included in this list.
For the convenience of the customer base, a number of different options are available for making deposits and withdrawals of money. Cards, PayPal, bank transfers (including transfers to local institutions), Neteller, Skrill, WebMoney, Qiwi, China UnionPay, FasaPay, and more methods are all included in this category.
A deposit of at least $200 is required to open any of the accounts offered by IC Markets, including the Standard Account that can be accessed through MetaTrader4 and the two additional types of accounts offered there. It does not charge any additional fees for deposits, nor do they charge any fees for withdrawals. Neither of these options have any associated costs.
However, when it comes to withdrawals through international bank wires, the company charges the transfer costs to the financial institution. These fees, which are around 20 Australian Dollars and are deducted immediately from the amount the trader withdraws, are considered a fee.
Cards, Both Credit and Debit
Transfer Via Wire
Broker to Broker
IC Markets does not levy any fees associated with withdrawals, and the company's withdrawal process is both quite quick and user-friendly for traders.
However, if you want to withdraw your funds via the means of an international bank transfer, you will be required to pay a withdrawal charge of 20 Australian Dollars (or the equivalent amount in another currency). After each withdrawal, the charge will be deducted from your account automatically.
IC Markets offers cutting-edge software solutions in addition to the refined technical optimization of the execution that is supplied by core technologies.
Because MetaTrader4 and cTrader are widely regarded as two of the most successful trading platforms currently offered on the market, IC Markets is able to provide its clients with the choice of having direct access to an ECN trading environment. Despite this, customers still have the option to do business using MT5, which is an upgraded and enhanced version that is packed with brand new capabilities.
EAs may be incorporated on any of the three platforms that are supported by automated trading: MT4, MT5, and cTrader. Automated trading is compatible with all of these systems.
There is also the possibility of using ZuluTrade with IC Markets. ZuluTrade is widely regarded as one of the most successful social trading platforms available today. It provides traders with the opportunity to discover thousands of other skilled traders, and it also enables users to monitor their trading signals at no additional cost.
In addition, investors who are interested in forming a business relationship with the brokerage firm can take advantage of the MAM and PAMM multi-account administration systems, both of which are simple to operate and make it possible to handle larger portfolios. VPS, on the other hand, not only provides traders with access to a variety of automated trading tactics but also affords them the opportunity to make use of VPS at no cost.
Overall, trading is taken to a whole new level by IC Markets thanks to the extensive tools, features, and extensions that are built into the various trading platforms. These extensions include functionality that previously lacking in MT4, such as a trade module that just requires one click, a trade risk calculator, a spread monitor, and advanced order types.
You are able to place orders using MetaTrader4 and MetaTrader5 because all of these platforms are equipped with the fundamental order kinds. You have access to a variety of order kinds, including Stop, Market, and Limit. The trading systems provide you the ability to handle your trading positions using these different order types. Good Till Cancelled (GTC) and Good Till Time are two more order kinds that are available to you (GTT).
You will notice that the MetaTrader platform does not have access to a two-step login method; in addition, they do not have the option of facial recognition on their mobile application. In terms of safety, the MetaTrader platform does not meet the requirements. This indicates that there are not any further safeguards taken to ensure the safety of the login credentials used by customers and traders.
You have the option of enabling alerts and notifications for price changes to be sent to your email address while using the desktop trading platform. On the mobile application trading platform, you also have the option to enable price alerts and notifications; however, the decision ultimately rests with you. You will not find the opportunity to establish alerts and notifications for price changes on the MetaTrader web trading platform that is available to you.
In general, both the MetaTrader4 and the MetaTrader5 trading platforms are quite good options for traders. The MetaTrader4 platform is appropriate for beginning traders who are just getting their feet wet in the industry, whilst the MetaTrader5 platform is designed specifically for more experienced traders who have accumulated a greater amount of market knowledge.
Ctrader Platform: The cTrader trading platform offered by IC Markets is one of the most advanced on the market since it is based on C# programming and algorithms.
The opposite side, the second consecutive price, and the opposite side of the second consecutive price can access the order types of Pending Orders and Stop Loss for cTrader. This is done to guarantee that there is no room for mistake in the prices and that there is no room for error in the prices. The Smart Stop-Out and the Fair Stop-Out are the two varieties of stop-out orders that are available.
If a trader discovers that their margin has fallen below the stop-out threshold, the Smart Stop-Out provides them with the greatest choice for recovering their transactions and allowing them to continue trading. The Fair Stop-Out closes the largest margin position, providing traders with the most margin space feasible to safeguard the remaining trading positions. This allows traders to maximize their potential profits.
You have the option, while using cTrader, to get email notifications that will inform you on a variety of order types and whether or not your price has achieved its objective. You will discover that the mobile application, which can be downloaded from both the Google Play Store and the Apple App Store, also has the ability to get notifications from within the app itself. You will be notified via the in-app alerts of the execution of orders, changes in price, and information on the symbol's status.
You will be notified via the in-app alerts of the execution of orders,
changes in price, and information on the symbol's status.
You will notice that there is not a two-step login method, and they do not support facial recognition on their mobile application. Both of these things are concerning with regard to the level of security offered. The client's login details and account are protected by a secure method known as the two-step login process, which consists of two separate steps.
When taken as a whole, the cTrader trading platform is an excellent option for investors who value the use of algorithms in trading and favor the use of C# programming during their trading sessions. It is a little more difficult for inexperienced traders, and it would be difficult to keep up if you simply started playing the trading game for the first time.
You are able to trade in capital markets such as currency pairings, all different kinds of CFDs, and cryptocurrencies thanks to IC Markets' provision of access to these markets.
They are particularly well-known for the CFDs and Forex trading products that they provide.
When it comes to providing its customers with a comprehensive selection of trading instruments and assets, the IC Markets trading brokerage does not fall short of expectations. The brokerage company provides clients with access to more than a total of 80 different products. These include currency pairings, equities, CFDs on indexes, commodities, precious metals, and even the most well-known cryptocurrencies such as Bitcoin and Ethereum.
The foreign exchange market is the most impressive component of IC Markets' service. The vast majority of the more than 90 assets that may be traded are currency pairings. This is supported with a leverage of up to 500:1 and lot sizes starting as low as 0.1.
The standard spread, which is merely 0.1 pips for EUR/USD, is astonishingly low. This might have a significant impact on the earnings made from day trading. Spreads may be reduced to zero on the cTrader platform, which helps regular traders keep their costs down by reducing both commission and spread fees.
You have access to a wide variety of trading tools through IC Markets, all of which are designed to assist you in refining your trading strategies and increasing your level of expertise.
You may get every tool you need, from virtual private servers to complex charting on the MT4 platform.
You will get access to a wide variety of materials, as well as graphing tools, when you use IC Markets. Traders may get a live news feed, 31 technical indicators, and trading suggestions through their platform. On the other hand, they do not provide access to basic data on their platform, which is one thing that they do not have.
You will discover that IC Markets provides you with three distinct categories of resources, all of which are easily available to you. They offer trading suggestions that are determined by several indications of the market. In addition to this, IC Markets provides a live news feed that is both factual and straightforward in terms of its charts and words.
On the other hand, there are no data of a basic kind that can be found. Because they do not have their own research team, the only way you will be able to access the materials is if you are trading on the MT4 platform.
In terms of the charting tools that they offer, they give a selection of 31 different technical indicators, which, in comparison to the offerings of other trading services providers, are deemed to be average. You will notice that the design is a little bit dated, and there are functions that are difficult to find.
When contacting IC Markets' customer care, you can do it in a number of different ways.
You may get in touch with them by using the live chat feature, the phone support, or email. They answer in a reasonable amount of time, although while using live chat, their responses are sometimes irrelevant.
Many consumers who use IC Markets have said that the quality of the customer support service is exceptional, particularly with regard to the phone assistance and email help.
The trading experience provided by IC Markets was satisfying, and traders expressed their gratitude that customer service was accessible at all hours of the day and night.
You will need to educate yourself on international financial centers before you will be able to conduct business with foreign capitals and currency pairings.
Demo accounts and tutorials that walk you through the trading platform are just two examples of the high-quality instructional resources that IC Markets is able to make available to its customers.
A group of financial experts first formed IC Markets in 2007 in the city of Sydney, in the country of Australia. Their primary mission is to bring together retail and institutional traders and to provide those traders with trading solutions that are individualized to their individual tastes.
The primary license that IC Markets possesses comes from the Australian Securities and Investments Commission (ASIC), which is appropriate given that the company's headquarters are located in Australia. In addition to the Australian Securities and Investments Commission (ASIC), IC Markets is also a member of the Financial Ombudsman Service (FOS). The FOS is an Australian conflict resolution corporation that arbitrates and settles disputes between clients and financial service providers in a fair and impartial manner.
In addition to the enhanced technical optimization of the execution that is offered by core technologies, IC Markets also gives ideas for sophisticated software. MetaTrader4 and cTrader are widely regarded as two of the most successful trading platforms that can be found on the market at the present time. Additionally, ZuluTrade may be accessed through IC Markets as well. ZuluTrade is widely regarded as one of the most innovative social trading platforms available today. It provides users with the opportunity to connect with thousands of skilled traders all around the world.
When it comes to trading, IC Markets is a reliable broker to work with. Is it risk-free to trade on IC Markets? Because it is a member of a well-known financial service business and is subject to oversight from two of the most prestigious financial authorities, the answer is yes. IC Markets is subject to oversight by the Australian Securities and Investments Commission in addition to the Australian financial services license (AFSL) number 335692. (ASIC). In addition to having an AFSL, IC Markets is also a member of the Financial Ombudsman Service (FOS). The FOS is an Australian conflict resolution corporation that arbitrates and settles disputes in a fair and impartial manner when they arise between customers and the companies that provide them with financial services.
Are you curious in IC Markets and the opportunities it provides to traders? If so, continue reading! Because there are hundreds of brokers operating in today's market, it may be quite challenging to determine which ones are legitimate and have a good reputation and which ones might be running a fraudulent operation. Since I started using IC Markets over 5 years ago, I've had the opportunity to evaluate every aspect of the retail trading experience, from the speed of execution to the ease of making withdrawals and the quality of customer service. Is this the right broker for you to work with?
You will have access to either a maximum leverage of 1:30 or a maximum leverage of 1:500 at IC Markets, depending on the branch of the company you utilize. If you are using IC in the Seychelles, then you will have the luxury of that 1:500, which can always be customized and even decreased on the client portal by going to the accounts summary page. If you are using IC in the Seychelles, then you will have this luxury.
They provide over 64 different currency pairings across all of their accounts, including majors, minors, commodities, indexes, and even energy and cryptocurrency! This is more than sufficient for the majority of traders, particularly those whose business is centered on forex. If you want to trade a particularly unusual and unique goods, then I would recommend getting in touch with their excellent support service, which is available around the clock, for extra advice. When searching for a new broker, it is essential to keep in mind the spreads and trading expenses of potential candidates.
When you start looking into the fees that some brokers charge, you could think everything is great until you realize that it's going to cost you an arm and a leg. Because of the True ECN architecture that they use, IC Markets continues to be the most cost-effective broker in the industry at the present time. If you choose the ordinary account, you won't be charged any fee per lot traded but will be subject to a spread of about 1 pip each trade across the majority of currency pairings. If, on the other hand, you decide to go with a raw spread account or a cTrader account, you will be required to pay a fee of $6–$7 every lot traded, but you will have access to spreads starting at 0.0 pips. On the big pairings, the spread almost never goes higher than 0.4 pips, and most of the time it doesn't even do that.
Due to the absence of requotes and the cutting-edge data centers located in both New York and London, the execution speeds are also the quickest I have ever witnessed in this sector of the industry. In a nutshell, the trading conditions offered by IC Markets are unparalleled in the business. Since I've been working with this broker for the past five years, I can say without a doubt that the speed of execution, fees, and spreads that I'm being charged have never once let me down. In all of my years of trading, I have never once been tricked by an expanding spread into exiting a trade before it had fully matured, which I believe speaks for itself.
Account Types: In addition to a free demo account, this broker provides a total of three distinct trading accounts to choose from. These accounts are truly convenient for a wide variety of traders, including scalpers, traders who hold positions for extended periods of time, and even traders who use automated trading software. In addition to a Standard MetaTrader account and a Raw Spread account, you may also open a cTrader account, which can only be utilized on that particular platform. There is a minimum deposit requirement of $200 for each of these three accounts. There are relatively minimal expenses (whether paid through spread or commission), up to 1:500 leverage, and over 64 tradable goods.
The cTrader accounts, both the normal account and the raw spread account, have both been utilized by me personally. My personal preference goes to the cTrader account simply because I find the cTrader platform to be the most useful overall. However, the account is precisely the same as the raw spread account in terms of both the execution and the charges. To all traders, but notably those who are trading on smaller time frames and would profit from a low spread and minimal commission trading structure, I would strongly recommend opening a raw spread account.
If you are just starting out and have not yet discovered a pattern in the markets, it is in your best interest to open a free demo account so that you may practice putting your plans into action there. Within the back end of your client portal, you have the ability to add a balance to the demo account and top it off anytime it's required.
Trading with an unregulated broker is a poor decision since they have the ability to manipulate prices, con you, and even refuse to pay you your withdrawals, which you have worked very hard to acquire. Is this broker subject to any regulations? To address your question, in order to provide financial services, IC Markets is subject to regulation by a number of different regulating authorities. Let's go deeper into this topic because the regulation that governs this broker is quite difficult. Let's get started.
ASIC, under AFSL Number 335692, has been and continues to be the regulatory body for IC Markets. Because of the fact that they are regulated by the Australian Securities and Investments Commission (ASIC), we are certain that client money are secure and that fund segregation is taking place. As a result, there is no way that we could be defrauded by this organization. The Bank of Australia is the entity that is in charge of processing all transactions, and during the entirety of the operation of the broker, they make use of a number of different external auditors.
The European Securities and Markets Authority (ESMA) made the decision to limit leverage in Europe to a maximum of 1:30 for all traders, with the exception of those who can demonstrate that they are professional traders. Scalpers and traders who want to risk more than 1 percent on each transaction have a significant challenge as a result of this issue since they rely significantly on the leverage provided by their brokers to achieve their trading objectives. If you are a European trader and you sign up for an account with IC Markets Australia, you will now have a maximum leverage of 1:30.
IC Markets anticipated the upcoming changes to ESMA and therefore established an entirely new department of the company that would be headquartered in the Seychelles. Since they are domiciled offshore, they do not need to comply with the strict leverage cap of 1:30 that is placed on traders. This means that they are still able to provide 1:500 to traders, even if they are located in Europe. Raw Trading Ltd., which operates out of the Seychelles, is registered under the auspices of the Financial Services Authority of Seychelles and has been assigned the company identification number 8419879-2.
In a nutshell, the Financial Services Authority of Seychelles, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySec) are the regulatory bodies that oversee the various divisions of IC Markets. Because of the limitations imposed by ESMA, they have relocated to the Seychelles. As a result of this shift, this broker is able to continue providing excellent leverage of 1:500 to its customers while still adhering to regulatory standards. It makes no difference whether you are trading with the Seychelles corporation or the Australian entity because this is a highly secure broker to use, and the clients' funds are never put in jeopardy here.
In my opinion, you most certainly do not require any more platforms in addition to this one. MT4 is the most widely used retail trading platform for foreign exchange, and it is utilized by millions of traders all over the world. However, the charts and order execution choices are more than adequate for the vast majority of retail traders who are just starting out in the market. Despite the fact that it has a rather restricted set of capabilities, you can still accomplish a decent amount with it. MT5 is a lot superior version of MT4, with all of the flaws resolved, new features added, better DOM, execution, and more charting choices. It is an excellent choice for traders who want to take their trading a bit more seriously. Then there is cTrader, which is hands down my favorite platform of all time! With a vast number of order execution choices, a significant depth of liquidity, a huge number of chart options, and a great degree of customization, cTrader is ideal for professional traders, fund managers, and algorithmic traders.
An MT5 setup is something I would recommend to the majority of traders, including having the software on your mobile device as well as having it installed on your PC. Because of the small screen on mobile devices, it might be difficult to do a thorough market study. Because of this, it is a good idea to have the application running on a computer in order to conduct the analysis. Trading just on a mobile device can be challenging. I personally use the desktop version of cTrader on my home computer to actually make trades, and then I use the mobile app to monitor my open positions.
Once you have been provided with the necessary login information for IC Markets, you will have access to your private client portal. Although many other brokers provide incredibly complicated back ends for their customers and some even provide really simple back ends that are mostly ineffective, I believe that IC has achieved the ideal level of complexity and simplicity in this regard. As a forex trader, you will like how clean and simple the account dashboard is, how simple it is to use, how quickly it loads, and how easy it is to get anything you could want. You can:
Examine the past of the market
Modify or update your personal information.
Create new accounts on MT4.
Demo accounts may be created, and balances can be added to them.
You may make deposits, transfers, and withdrawals here.
Account management for MAM and investors
You can get MT4 here.
Get your hands on some learning resources.
You can call the phone support if you would rather speak to a support person over the phone, or you can use the chat support if you are having trouble navigating the client area and need assistance. The chat help is available around the clock.
Because brokers want you to start trading as soon as possible, the process of setting up your account is often designed to be pretty straightforward and uncomplicated. There is no exception to this rule with IC Markets; the entire sign-up procedure may be finished in fewer than ten minutes from start to finish. This is all that is required of you in order to sign up...
Pick the sort of account that you want (Standard MetaTrader, Raw Spread MetaTrader or Raw Spread cTrader)
Please provide the broker with the pertinent personal information that is needed by them (Address, name, basic details)
Please provide all of the necessary documentation to verify your identity (Brokers are required to get these for AML purposes)
Please wait until you receive an email confirming that your account has been validated.
You are free to log onto your client dashboard and look around while you are waiting for verification to begin trading; but, you will not yet be allowed to make deposits or trade at this time. Don't worry too much about missing too many transactions because getting confirmed should take less than 24 hours as long as your documents are valid. However, if you are concerned about this happening, you should!
In the event that you run into any problems when setting up your account, the live chat support team is available around the clock to assist you in any manner that may be required.
After putting several of these methods to the test over the course of several
years, I can confidently say that PayPal is my top choice for making modest
deposits and withdrawals, followed by wire transfers for anything more
substantial. The transactions are completed in a very short amount of time, with
the online processors allowing for immediate deposits and processing withdrawal
requests in less than forty-eight hours. Throughout the years, I have made
several withdrawals from IC, and it is quite encouraging to note that they have
never waited more than 48 hours to send the monies to me after processing the
Both making a deposit and taking money out of an account using an online payment processor will not cost you anything in terms of fees. Keep in mind that any fees that are incurred during a wire transfer will be passed on to you by the bank if you want to take advantage of this service. Because of this, it is not worthwhile to use the wire transfer option unless you are trading a pretty large account. If you are entering the markets with just a deposit of $200, then I would encourage you to use one of the solutions like PayPal that do not take any fees from your transactions.
If you are going to put your money into the hands of a forex trading broker, especially one that is located quite a ways away from you, you need to have the assurance that you will be able to get in contact with that broker anytime you have any questions or concerns about their services. You will never have to worry about not being able to get in contact with IC Markets' customer support team since the company has a vast array of customer service channels to choose from. Over the course of the past five years, I have probably had more than fifty separate interactions with the IC Markets support team.
Phone: +61 (0)2 8014 4280
You can find dedicated email addresses for each department, including marketing, accounts, and affiliates, on the contact page of our website. If you have any further questions or concerns regarding these areas of our business, please let us know. They also have a 24/7 live chat support service, which means that you may get in contact with IC Markets anytime you want, round-the-clock, should you find that you want assistance in a more urgent manner.
After used each of the support options on many occasions, I can unequivocally state that the email function is by far the most helpful of the bunch. In most cases, the live chat option will simply forward your inquiry to the appropriate department or employee, unless it is a very straightforward inquiry that the agent can resolve on their own.
On the "contact us" portion of their website, they provide the address of their office, so if you find yourself in the Seychelles at the time, you may pay them a visit there. This is in the event that you actually wish to travel to their offices in person. Even if this is quite rare, it is wonderful to see a broker with transparency of address. This is in contrast to a large number of questionable unregulated forex brokers, the majority of whom just use a post office box as their registered address.
IC Markets is a forex trading company that offers low risk trades. They provide unrivaled circumstances for traders, including an incredible leverage of 1:500, the lowest prices possible, the quickest execution, and a wide variety of trading products that are suitable for retail and expert traders alike.
Please do not hesitate to get in contact with me if you have any inquiries regarding this broker before you join up, and I will do all in my power to assist you.
Since it was established in 2007, IC Markets has become one of the most well-known non-dealing desk (NDD) brokers in Australia, particularly among traders who use algorithmic and automated trading tactics.
In addition to being governed by the Australian Securities and Investments Commission (ASIC), which is widely regarded as one of the most stringent financial regulatory bodies in the world, IC Markets provides numerous account types, some of which include access to the cTrader and Meta Trader platforms.
To assist you in determining whether or not this CFD and FX broker is a good fit for you, InvestinGoal's team of knowledgeable professionals in your field has conducted an in-depth analysis of all of the features that are offered by IC Markets in this review.
IC Markets is widely regarded as one of the best NDD brokers in the business thanks to the exceptional environment it provides for traders. It delivers lightning-fast execution and has one of the lowest spreads accessible, beginning from 0 pip, in addition to minimal charges when they are charged. As a result of all of this, the broker is an excellent choice for scalpers, algo-traders, high-volume traders, and forex traders in general.
Aside from that, you should anticipate that a very low-latency VPS server will be made accessible to you. If you are engaging in trading with the assistance of EAs, this is in your best interest. A demo trading account that is free and unrestricted is available to all traders. If you are new to the trading sector or want to try out some new trading tactics, you have found the ideal environment to do it here.
On the other hand, you may be need to wait a bit for the processing of your withdrawals. Wire transfers between banks might take up to two weeks to complete. However, in order to expedite the process, IC Markets suggests that you submit your withdrawal request from within the protected client area that they make available to you.
As was previously indicated, one of the most significant drawbacks associated with using IC Markets is the potentially long wait period before withdrawals are deposited into your account. It is especially obvious if you are utilizing wire transfer, which is normally the technique that is the slowest with any forex broker. However, there are certain instances in which it can take up to two weeks to complete.
It is important to keep in mind that if you are making a withdrawal to an overseas account, the costs and the amount of time you have to wait might both be significantly increased. Again, this is something that may be rather prevalent, therefore it is in your best interest to verify everything before you start withdrawing money.
Even though there are a few areas in which IC Markets may improve, the company does, on the whole, a very good job of maximizing the beneficial aspects of their business. This is mostly due to the fact that they provide some of the very lowest spreads in the business, notably the raw spread, which assists in maintaining low levels of overall trading expenses.
The provision of an infinite demo account is a feature that may be seen as favorable, regardless of the level of trading experience the user possesses. If you're just starting out as a trader, this is the perfect opportunity to polish your abilities and experiment with new methods. If you're already an experienced trader, you can put your knowledge to the test.
A further aspect of IC Markets that deserves praise is the ease with which traders may use the platform. This fantastic broker does not need clients to have a minimum deposit in order to begin trading; nevertheless, it is recommended that clients make a deposit of $200.
When it comes to trading contracts for difference (CFDs) at IC Markets, you will find that assets are offered in a diverse selection of markets. This entails not only the key forex currency pairings that you would normally anticipate seeing but also a great deal of additional ones. CFDs for commodities, bonds, stock markets, and even cryptocurrency may all be traded on this platform.
Although there is a large range of markets to choose from, there is a smaller selection of total assets that may be purchased when compared to some other options. This indicates that there are over 1700 different assets in total that may be traded.
However, it compensates for this lack of depth by having a cheap cost of trading. The raw spreads on this platform are among the finest that are currently available, and they begin at 0.0 pips. Meanwhile, the average spread on EUR/USD is only 0.1 pips. In general, the fact that IC Markets has such low fees and spreads makes it a highly appealing option for traders who are searching for the greatest possible all-around trading experience.
If we zero in on the IC Markets Raw Spread account in particular, we can see that it is one of the most well-liked alternatives available for account types that the broker provides. This is as a result of the exceptionally low spreads that are provided in addition to a fantastic trading infrastructure. This is demonstrated not only by the low cost, but also by the extremely quick execution that is offered with virtually no latency at all. This level of speed and efficiency is made possible by the fantastic servers that are housed at the Equinix NY4 data center in New York, which are further bolstered by the agreements that have been formed with over 50 different liquidity providers.
A commission is levied per lot, per side of each trade, despite the fact that spreads are quite minimal. This also maintains a competitive price, coming in at $3.50 with Metatrader and $3 with cTrader.
This is not directly given at IC Markets by any of their own native copy trading systems for copy trading, therefore this cannot be copied from one account to another. What they do offer, however, are the links to third-party services that are necessary to enable copy trafficking.
You may sign up for an account with ZuluTrade, which has collaborated with IC Markets to provide a variety of social trading and copy trading services. ZuluTrade is available to users residing in the EU as well as in other locations. It is expected that this service will function faultlessly when connected to your IC Markets account. Utilizing your MetaTrader or cTrader platform in order to employ EAs and cAlgo, respectively, is yet another option; however, this one is not as user-friendly as the others.
These can provide you with the ability to import and duplicate the trading strategies of others on your own platform, thereby giving you the opportunity to imitate trades made by other people.
Any broker that wishes to be completely inclusive must provide swap-free accounts of some kind, making the IC Markets Swap Free account and swap-free accounts in general an incredibly vital feature. Traders of the Muslim religion can request these from IC Markets, and they will be made available to them.
Most significantly, they are in complete accordance with Sharia Law. This indicates that there is no interest levied on these accounts; nonetheless, an additional fee will be applied, the amount of which is dependent on the currency pair. The price for this begins at $5. Therefore, although IC Markets does provide the option of a swap-free account, the price that is linked with this option can be rather expensive.
When looking for a top forex broker to conduct business with, security should naturally be considered one of the most crucial criteria. You may rely on IC Markets to provide you with this particular service. They have a good security infrastructure in place, which is fitting given the long established reputation they have earned within the business.
IC Markets is a non-dealing desk (NDD) broker that was established in Sydney, Australia in 2007. Despite the fact that they continue to operate string routes in Australia, since that time, which was more than a decade ago, they have grown to become a popular broker choice for traders all over the world. They are presently operating their businesses from the following places all over the world:
You may have noticed from what was shown above that IC Markets does its business on a global scale through a number of distinct businesses. Despite this fact, each of these businesses places a high priority on the safety of its traders as well as the protection of your assets.
To achieve this goal, the broker stores your cash in separate accounts at reputable financial institutions to provide maximum protection in the event that the broker declares bankruptcy or becomes insolvent. In any of these scenarios, your funds will remain undisturbed.
This protection is provided by IC Markets everywhere in the world, but it is especially robust in Europe under IC Markets (EU) Ltd and International Capital Markets Pty (Australia), both of which adhere to the regulations set forth by ESMA/MiFiD in Europe and ASIC in Australia, respectively. IC Markets is a global company. These offer required protection against negative balances, which means that you cannot lose more money than you initially deposit, as well as an Investors Compensation Fund in the event that something unfortunate occurs with your money. ICF is the acronym for this, and it can pay compensation costs of up to €20,000.
There are a few locations on the globe that IC Markets does not accept clients from, despite the fact that they provide their services to traders in the vast majority of nations.
IC Markets Demo: If you are new to IC Markets or any other forex broker for that matter, the demo account is the ideal place to start. This is also true for any other forex broker. Fortunately, the demo account that IC Markets provides is a fantastic service. The demo account that they make available to you is unlimited in the sense that you are free to utilize it for an indefinite amount of time.
You will also get access to the entire trading platform experience when you open a sample account with IC Markets. There is access to cTrader, in addition to MT4 and MT5. This is an excellent method for being familiar with the operations of the broker, and it enables you to trade completely as you would on a real account, although with virtual cash and all of the same functionalities. This indicates that there is not even the slightest risk involved. It does not need you to establish an actual account or deposit any dollars, but if you are interested in doing so, it is an excellent stepping stone to get you there.
Standard Account No matter how long you've been trading or how much experience you have, the IC Markets Standard Account is a smart choice for every trader. You may start trading here with absolutely zero minimum investment, and you can do it using any of the Metatrader platforms that are now offered.
You get the ability to trade more than 200 CFDs with the ordinary account, in addition to a total of more than 60 forex currency pairs. All of this starts with extremely competitive trading costs, with spreads beginning at only one pip to begin with.
RAW Spread Account: The RAW Spread Account is another highly popular type of IC Markets account type that you have the option of selecting. This sort of account utilizes an ECN execution method, and it gives you the option of trading using MT4, MT5, or cTrader as your platform of choice. This account is favored by many traders since the execution rates are quite rapid, and despite this, there is no minimum deposit requirement for opening an account here.
The spreads here are top-notch, which is something that should come as no surprise. A competitive commission structure is in place, and these start from 0 pip spreads. If you are using MetaTrader, the cost per lot that you trade is $3.50; if you are using cTrader, the cost per lot that you trade is $3.
More than two hundred different contracts for difference (CFDs) and sixty different currency pairings may be traded on this platform, giving you access to the same extensive selection of markets as on the other platforms. Because of the exceptionally low expenses of trading, this is the account type that the majority of forex scalpers choose to use.
Islamic Account: If you are interested in opening an Islamic account with IC Markets, you will be happy to know that this option is available at all times. Upon the customer's request, either the Standard account or the Raw Spread account can be turned into an Islamic account with IC Markets.
You'll find the same extensive selection of assets here, as well as your option of the MT4, MT5, and cTrader trading platforms, as well as the same competitive spreads, which may start as low as 0 pips depending on the asset. The only discernible distinction is that this account does not incur swap costs; thus, the broker does charge an extra fee, the amount of which ranges anywhere from $5 to $10 per lot, depending on the currency pair being traded.
Professional Account: If you are a trader working inside the European branch of the broker, you are eligible for an IC Markets professional account; however, this is not the case for traders working outside of Europe. You need to fulfill at least two of the conditions listed below in order to be considered a professional trader and to be able to create an account of this kind:
Have completed an average of ten deals of considerable magnitude per quarter throughout the course of the previous year.
Have more than €500,000 worth of financial instruments in your portfolio (either in your bank account or in your trading account).
Have experience that is applicable to working in the financial services industry.
If you meet two of these requirements, then you may be eligible to open a professional account, which comes with increased leverage of up to 500:1, highly competitive trading costs, and excellent trading conditions. If you meet two of these requirements, then you may be eligible to open a professional account. The only thing you need to keep in mind about this situation is that if you are a professional trader, you will not be eligible for the ICF or negative balance protection that was previously discussed.
Currency of Your Trading Account The currency of your trading account is referred to as the base currency when discussing forex brokers. If the currency you deposit is the same as one of the basic currencies that your account supports, then you won't have to pay any costs associated with having the currency converted.
You have a selection of many different base currencies to pick from while trading with IC Markets. In total, there are ten of them. USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD are the currencies that IC Markets uses as its base currencies.
The second topic to investigate is deposits, namely how you may fill your IC Markets account as well as the various IC Markets deposit options that are accessible.
The fact that there is no required minimum deposit is one of the selling aspects that makes IC Markets appealing to a large number of traders, particularly those who are just beginning their careers in the business. With IC Markets, you can get started trading for as little as one dollar. Because of this, they are quite easy to obtain.
Having said that, the broker does recommend that you get started with a minimum deposit of $200 or more so that you may fully utilize the offering. This is so that you can get the most out of the trading experience that you have.
Deposit Methods: Another attractive feature of IC Markets is that deposits are often made without any fees being charged. However, the mode of deposit and the currencies that you are allowed to use in order to complete these transactions might change depending on where you are situated in the world.
However, in general, IC Markets allowed wire payments from anywhere in the world. These typically take at least two full days to complete. Credit cards such as MasterCard and Visa are also widely accessible for quick deposits, as are a number of eWallets such as PayPal, Neteller, and Skrill. Other deposit methods include debit cards. These electronic wallet payment options are not accessible within the EU.
Deposits of cryptocurrencies are exclusively accepted through Bitcoin, and the processing time for these deposits is typically about two hours. Depending on where you are located, there might be different options accessible to you. These include Bpay and POLi in Australia, as well as online internet banking transfers in a variety of local locations throughout the world. Union Pay is used in China.
Withdrawals: Withdrawals from IC Markets typically take roughly three days, but they can take as long as two weeks. This is dependent on the method that you choose, and you are required to use the same way to withdraw funds as you used to deposit funds.
Fees Associated with Withdrawals: IC Markets does not charge any fees associated with withdrawals. The one and only time this won't apply to you is if you want to withdraw money from another country. In that scenario, the charge would be twenty dollars or the currency equivalent.
Spreads and Commissions: As was previously mentioned, the spreads and commissions offered by IC Markets are among the most affordable in the industry. The precise spread will be determined not just by the account type you select, but also by the nature of the market itself. Spreads on foreign exchange, however, begin at a very reasonable 1 pip for the regular account offered by IC Markets. This goes considerably cheaper if you have a Raw spread account, where it starts at 0 pips instead of the standard 1. However, you will be subject to commission fees of $7 each round turn lot traded using Metatrader or $6 per round turn lot sold with cTrader. These fees are the same for all platforms.
Since you are continuously trading in CFDs, the overnight fee is generally imposed on every asset at IC Markets if you keep them overnight. The overnight charge is in and of itself an interest that can either be paid by or received by the trader; this will depend on the asset in question as well as the state of the market at any particular moment.
Because of the dynamic nature of these swap costs, IC Markets does not publish them on their website; however, you may find them on the Metatrader platforms as well as the cTrader trading platform.
If you hold an account with IC Markets that is compliant with Islamic law, you will not be charged any of these overnight costs.
Inactivity Fees: In contrast to other leading forex brokers, IC Markets does not impose any kind of activity cost on its customers. If you wish to keep your account active but take a break from trading, there is a wonderful savings that you may take advantage of.
Taking a more in-depth look at the trading features offered by the broker, we
have arranged the most important information below in a number of categories for
your perusal so that you can determine whether or not IC Markets satisfies your
trading requirements and objectives.
When it comes to execution, IC Markets is an NDD broker that offers some of the highest execution speeds in the market. This aspect of IC Markets' business is referred to as "execution." In addition to this speed of execution, they are also able to compete favorably with the best in terms of costs as a result of the extensive variety of leading liquidity providers to which they have access.
The prices that you see while trading with IC Markets are the best rates available from more than 25 banks and other leading suppliers. These prices come with the lowest possible latency and some of the most attractive spreads available, beginning at 0 pip increments.
When it comes to size, the smallest order that can be placed with IC Markets is for one micro lot. For non-leveraged trading, this indicates that you can establish fresh positions with as low as one thousand dollars (or 0.01 standard lots), depending on your preference. If you use leverage, this, of course, will end up being much lower.
The low required amount of the minimum order makes it easier for traders of all kinds to get started. This is especially beneficial for new traders and beginners who want to get their feet wet with a little investment and get a sense of what the broker has to offer.
Techniques: In contrast to some of the other best forex brokers, IC Markets gives you entire freedom to engage in a variety of trading strategies, if that is something you would want to do. This encompasses strategies such as scalping, hedging, and the utilization of expert advisors in algorithmic trading.
Scalping traders, who are drawn to the game because of the cheap spreads and fees, have made IC Markets a highly popular choice because of the great cost of trading offered by the company. Trading Expert Advisors (EAs) and Algorithmic Trading (Algo Trading) may be accessible in both MetaTrader (through MQL) and cTrader (via cAlgo), depending on which platform you choose. As a result, IC Markets offers something that will be suitable for any requirement.
Management of Risk: As a forex trader, you should consider risk management to be a very significant area of focus at every level of your journey. You will be pleased to learn that IC Markets provides you with access to a number of trading tools that can assist you in more successfully managing risk. On any and all orders, the broker is responsible for facilitating stop losses, take gains, limit orders, and trailing stops. In addition, they have margin calls established for leveraged trading.
These order functions have the potential to assist you in securing gains, mitigating losses, and establishing price points for exiting and entering trades in the most effective and efficient manner possible, while preserving the integrity of your risk management strategy.
When referring to trading hours, one should keep in mind that these are the periods throughout the day during which a particular asset is open for trade. The foreign exchange market and the cryptocurrency market are always open for business.
When it comes to other types of commodities, the answer varies almost entirely on the item itself; nevertheless, markets for things like metals are available for business around the clock. Additionally, trade occurs on the futures market for a continuous 23 hours a day, Monday through Friday.
The stock markets that are accessible through IC Markets, namely the Australian Stock Exchange (ASX), the Nasdaq, and the NYSE, all operate according to their own national hours from Monday to Friday. During those times, indices are not available for trading because the market for the relevant country is closed.
The following is a rundown of the various time slots that are available for trading bonds from Monday through Friday. These times may vary from region to region.
The market for euro bonds is open from 9 am to 8 pm.
US bonds from midnight to 11:55 p.m.
from 10 a.m. to 8 p.m., UK bonds
JP bonds are available from 3 am till 7 pm.
The hours that are displayed above are what IC Markets refers to as "Server Times," and they are normally GMT +2/+3 depending on the season.
The level of leverage that you have access to through IC Markets will differ based on the legislation that you are registered under and the IC Markets organization that you are linked with. However, leverage is available all over the world through IC Markets.
As a result of ESMA rules, the maximum leverage that may be used by European traders who are registered with IC Markets (EU) Ltd. is 30:1, while the maximum leverage that can be used by professional traders is 500:1.
Outside of Europe, the International Capital Markets Pty still offers a maximum leverage of up to 30:1 notwithstanding the ASIC regulation, although the highest leverage on forex offered by the Raw Trading Ltd subsidiary of IC Markets is 500:1.
Mobile & Other Platforms: Trading platforms provided by a broker are an essential component of any successful experience with foreign exchange trading. Let's have a look at the many trading platforms that are available to you when you work with IC Markets.
Charting and Trading Tools: To begin, while considering the extensive selection of charting and trading tools that are offered, IC Markets performs extremely admirably. They are able to give a total of 51 chart indications across all of their platforms, however this number is always growing as new platforms are added.
In addition, there are 31 sketching tools that can be accessed through the brokers' platforms, which are, as is well knowledge, renowned for their great degree of personalizability.
Desktop Platforms: When it comes to desktop platforms, IC Markets provides access to all of the most prominent options now accessible in the industry. cTrader, MT4, and MT5 are all accessible for use on this platform. All of them have been operating for a considerable amount of time and hold a great deal of credibility in the foreign exchange trading industry.
All of the systems offered by IC Markets allow for extensive customization and support algorithmic trading using MQL EAs and C-Algo with cTrader, respectively. Even if they may not have the most appealing aesthetics, these platforms are extremely popular options because of the high-end functionality they provide, as well as the fact that they are quite simple to operate and will function properly on practically any device. They may all be used on either a Windows or a Mac computer.
Online Platforms: In order to supply clients with online, browser-based trading platforms, IC Markets makes use of the WebTrader platform developed by MetaTrader as well as the cTrader Web Platform. Both are tightly connected to the desktop versions of their respective platforms, and both offer the same extensive variety of features and functionality for a streamlined experience while trading forex online.
Mobile Platforms: IC Markets also offers excellent support for trading through mobile devices. They accomplish it by utilizing the corresponding applications for MetaTrader and cTrader, which provide you the option to use either Android or iOS as your trading platform. Again, the program is very lightweight and simple to use in all circumstances. It provides a trading experience that is very similar to that of trading on a desktop computer, with very little of the nuances or functionalities being lost while trading while on the road.
Markets: Listed below is the extensive selection of markets that are available to you through IC Markets' trading platform.
Forex: The broker makes foreign exchange trading available in a total of more than 60 different currency pairings. IC Markets is an ideal alternative for forex traders and scalpers since not only do they provide a wide variety of trading options, but they also have some of the finest spreads and trading conditions in the industry.
Commodities: If you want to trade in commodities, IC Markets gives you access to more than 20 different commodities. These options allow you to trade in energy, soft commodities, and hard commodities, and you may do so using either CFDs or futures.
Indices: There is a vast selection of indices to select from, with a total of 25 indices being made available to users. They may be traded using any of the various MT4, MT5, and cTrader platforms without incurring any commission fees, and the spreads begin at an extremely competitive 0.5 pip minimum.
Trading in cryptocurrencies is possible through IC Markets on a total of ten different cryptocurrency exchanges. If you are interested in trading crypto assets, this category provides a decent degree of variety for you, and you have the ability to trade long as well as short inside it.
When it comes to trading stocks through IC Markets, only the MT5 trading platform is available for use. This is because IC Markets prioritizes security for its clients. However, you will have a respectable number of options available to you here. There are over 1600 different equities that may be traded, and they are provided by some of the most important markets in the world, such as the NYSE, the ASX, and the Nasdaq. Trading them as CFDs still enables you to earn dividends if the underlying asset supports payment of them.
In addition, IC Markets allows customers to trade commission-free in a total of eight different bonds. These include big bonds from countries all around the world, such as the United States, the European Union, the United Kingdom, and Japan.
Trading in futures contracts is now possible through IC Markets. You will have a total of four different futures markets to choose from, and there is no commission associated with this transaction.
Goods: The following is a list of other products and features that IC Markets provides, as far as we have been able to determine.
IC Markets VPS Service: Once you have opened and closed a particular amount of deals, you will be eligible to receive the IC Markets VPS service at no additional cost. This volume is equal to 15 items every single month. Your free Virtual Private Server service will remain active so long as you maintain this monthly volume of trades requirement.
This service is made available to customers thanks to the broker's collaboration with New York City Servers, ForexVPS, and Beeks FX VPS.
Copy Trading: IC Markets provides chances for both social and copy trading, sometimes known as "copy trading." This is made possible by a variety of relationships that exist between various parties. To begin, if you have an account with IC Markets, Zulutrade will collaborate with IC Markets to provide you with copy and social trading options. EU merchants are the only ones that may use this.
Copy trading is a form of trading that allows investors to follow the trading tactics of other investors by utilizing expert advisors (EAs) or computer algorithms (cAlgos) on trading platforms such as MetaTrader and cTrader. Both platforms make it possible to put these automatic trading methods to use in your own trade if you have them at your disposal and are using either of those platforms.
The IC Markets website is accessible in a large number of language options to completely fulfill all of your requirements. On their website, you may choose from one of the following 18 languages to communicate with them in:
The following languages are supported: English, Chinese (simplified and traditional), Thai, Indonesian, Korean, German, French, Portuguese, Spanish, Vietnamese, Russian, Arab, Czech, Malay, Italian, Bulgarian, Croatian, and Vietnamese.
Research: Additionally, the broker's website has a brief research part for users' convenience. This allows you to keep up with the most recent market news, both that which is released by the broker team and that which originates from the industry as a whole, as well as to keep up with a full economic calendar.
Assistance to Customers: IC Markets offers its clients a comprehensive selection of high-quality customer service choices. The support service may be reached by live chat on the website, email, or by making a direct phone call. Additionally, they are accessible to answer your queries in a variety of languages.
In addition to this, the website is completely outfitted with a comprehensive collection of frequently asked questions (FAQs), which provide the solutions to a large number of traders. In the event that you do want assistance, then customer service is offered in the following languages:
English, Thai, Korean, French, Spanish, Russian, Czech, Italian, Croatian, Chinese (Simplified/Traditional), German, Portuguese, Vietnamese, Arabic, Malay, and Bulgarian are the languages that are known to be spoken in the United Kingdom.
Education: When it comes to IC Markets education, this is not available through their EU website; but, if you head over to their Australian site, you will discover a large variety of learning resources to help you continue your study.
These include a comprehensive selection of courses and walkthroughs for trading forex, as well as comparable resources for trading CFDs and general trading manuals. In addition to this, a helpful tutorial on getting started with MT4 is included.
You can access all of the content in English, and despite the fact that it is well suited for beginner traders in particular, you will still discover a lot that you can profit from even if you have more experience trading forex.
Is IC Markets safe? Yes, trading on IC Markets is totally risk-free. ASIC (335692), CySEC (362/18), FSA (SD018), and SCB are the regulatory bodies that closely oversee IC Markets (SIA-F214). These leading-edge regulators offer the highest level of safety possible. On top of that, your money will always be kept in separate accounts from other people's money. Your money will never be at risk this manner, even if the broker runs into trouble with their finances in the future.
When making a withdrawal from IC Markets, how long does the process take? The mode of withdrawal that you use will determine how long it takes for your IC Markets withdrawal to be processed. In general, it can take up to three days, but depending on the mode of payment, it might take up to two weeks. The speediest method of payment is most often credit card transactions, followed by bank wire transfers.
Can I trade on IC markets in countries other than the US? Yes, you can. The United States of America, Canada, Belgium, and other nations do not now have access to IC Markets, which is a global broker that operates in over one hundred countries.
Customers from Canada are welcome to trade on IC Markets, right? At this time, IC Markets does not welcome customers from the Canadian market. This is because of the regulations that must be followed in Canada.
Is IC Markets a Market Maker? IC Markets is not a Market Maker, but an NDD broker. They provide order fulfillment times that are among the quickest in the business.
How can I adjust the leverage on an IC market account? Changing the leverage on your IC Markets account is simple to do on the MetaTrader and cTrader trading platforms while you are in the middle of placing a deal. You will still be responsible for ensuring that you adhere to the maximum IC leverage that is permitted, which may vary based on the assets and where you are located.
What is the cost for the minimum deposit on IC Markets, and how much is it? IC Markets does not have a minimum deposit requirement; nevertheless, in order to have the best experience possible with the broker and to fully utilize the trading platforms, we recommend that you make a deposit of at least $200.
IC Markets is one of the leading CFD and forex trading brokers in the world. On a daily basis, the company handles around 60,000 customers from across the world and USD30 billion in currency trading. It was established in 2007 in Sydney, and the Australian Securities and Investments Commission is the body responsible for regulating it (ASIC).
Raw Spread Account: IC Markets, one of the top brokers in the world, provides trading possibilities for day traders who have been trading for a long time as well as novice traders who are just starting out. These trading opportunities are made available through the company's Raw Spread Account. Additionally, IC Markets makes pricing accessible to customers, which was hitherto exclusive to persons with a high net worth and institutional dealers such as banks. Traders on IC Markets are able to do business without being subject to price manipulation, requotes, or dealing desks.
Trading CFDs and Forex: IC Markets enables you to trade CFDs in addition to trading Forex using a single trading account, giving you access to over 65 currency pairs. Your single account gives you access to more than one hundred different CFDs that are classified as large-cap stock.
Your transactions will be performed with IC Market in around 40 milliseconds on average, despite the fact that the leverage is high and the spread is low. Forex traders have access to extremely low spreads, with some starting as low as 0.0 pips. As an illustration, the spread for trading EUR and USD is 0.1 pips, and the leverage may be anywhere from 1:1 to 30:1.
Trade Over Two Hundred Instruments IC Markets makes it simple to trade over two hundred different instruments from a single account, including stocks, bonds, indices, commodities, foreign exchange, and more.
All Client Monies are Stored Externally: IC Markets places all client funds in accounts with National Australia Bank and Westpac in order to assist in providing protection for their customers. These two large financial institutions are both counted among Australia's top four financial institutions overall. IC Markets does not utilize any customer cash to cover the costs of their operations or administration in any way.
IC Markets is one of the leading CFD and forex trading brokers in the world. The company serves over 60,000 customers all over the world and processes USD30 billion in daily currency trading. It was established in 2007 in Sydney, and the Australian Securities and Investments Commission is the body responsible for regulating it (ASIC).
IC Markets' Most Notable Qualities: Raw Trading Account for Spreading: Day traders who have been trading for a long time and novice traders who are just starting out both have opportunity to trade with IC Markets because it is among the major brokers in the world. Additionally, IC Markets makes pricing accessible to customers, which was hitherto exclusive to persons with a high net worth and institutional dealers such as banks. Traders on IC Markets are able to do business without being subject to price manipulation, requotes, or dealing desks.
Trading account for CFDs and Forex: IC Markets enables you to trade CFDs in addition to over 65 different currency pairs with a single trading account. You may also trade forex. Your single account gives you access to more than one hundred different CFDs that are classified as large-cap stock.
Your transactions will be processed in around 40 milliseconds on average when you use IC Market. In addition, the leverage available to you will be high, and the spread will be low. Forex traders have access to extremely low spreads, with some starting as low as 0.0 pips. As an illustration, the spread for trading EUR and USD is 0.1 pips, and the leverage may be anywhere from 1:1 to 30:1.
Trade Over Two Hundred Instruments IC Markets makes it simple to trade over two hundred different instruments from a single account, including stocks, bonds, indices, commodities, foreign exchange, and more.
IC Markets stores all client funds in accounts with National Australia Bank and Westpac, which are both located outside of the country, in order to assist ensure the safety of their customers. These two large financial institutions are both counted among Australia's top four financial institutions overall. IC Markets does not utilize any customer cash to cover the costs of their operations or administration in any way.
Because of its user-friendliness and lightning-fast execution of trades, MT4
continues to be one of the most popular platforms for foreign exchange trading.
Additionally, it provides traders with a large number of tools that can be
customized, in addition to various unique features that traders may take
advantage of. On the other hand, MT5 gives traders the opportunity to trade
numerous assets using cutting-edge ordering and charting tools. Traders may
access these capabilities through the platform. Traders with more experience and
institutional clients will find that MT5 meets all of their needs.
Because neither of these trading platforms imposes any limitations, they are particularly well-suited for aggressive traders who want a great deal of leeway and command over their investments. In terms of control, they make it possible for traders to place stop-loss orders at prices that are extremely near to those of the market. Both MT5 and MT4 are accessible via mobile devices running Android and Windows, as well as the Mac, iPad, and iPhone. Please be aware that in order to access MT4 and MT5, users of Windows need to have at least Windows 7 installed.
Traders have access to a wide variety of charting and other tools through IC Markets' cTrader platform, which features a complicated user interface. It gives users access to live pricing that are being broadcast by financial institutions all around the world. In addition, traders receive prompt transaction execution, which can contribute to improved liquidity. This platform is accessible via mobile devices operating on Android, iOS, and Windows.
There are three different kinds of accounts that you can open with IC Markets, and each one is tailored to the sort of trader you are and the trading platform that you choose. Concerning the practice of raw trading, investors have the option of opening either a cTrader Raw account, which permits trades on the cTrader platform, or a Raw Spread and Standard account, both of which grant access to the MT5 and MT4 trading platforms. Traders who opt for the cTrader Raw account can trade on the cTrader platform. The first two accounts have spreads that start at 0.0 pips, while the Standard account has spreads that start at 1.0 pips. Each of these accounts requires a minimum deposit of $200.
The cTrader Raw, Raw Spread, and Standard accounts each have fees of $3, $3.50, and $0, respectively. Scalpers and day traders will find the most success with CTrader Raw; professional advisors, day traders, and scalpers will find the most success with Raw Spread accounts; while retail traders and beginning traders will find the most success with Standard accounts.
Let's talk about customer assistance for a moment, and I want to point out that IC Markets offers excellent customer service choices. You may get in contact with the customer service team through phone, e-mail, or the live chat feature on their website. Customers may also obtain assistance from a knowledgeable customer support professional via WhatsApp and Facebook. In addition, there are many other learning tools available to use on the IC Markets website.
Instantaneous funding is available for IC Market accounts using POLi, credit and debit cards, and PayPal, among other payment methods. It doesn't cost anything to make a deposit using BPAY, however keep in mind that your balance won't be updated until 24 hours after you start the deposit process.
Trading accounts with IC Markets are completely free. On the IC Markets website, there is an online application procedure that must be completed in order to create an account. You will be required to supply your name in addition to your residence address, email address, phone number, specifics about any trading history you may have had, as well as the commodities that you would want to trade in order for your application to be considered.
After you have submitted the application in its entirety and had your identification confirmed, you will be able to begin trading and financing your account.
There are a few factors that have contributed significantly to the IC Markets' current level of popularity. The items listed below are included in that group:
In contrast to the other brokers that are accessible, IC Markets is open to the use of any prominent trading platform, including MetaTrader4, MetaTrader5, and c-Trader, and it provides a wide variety of trading tools for each of these platforms (Trading Central plugin, for example). What this implies is that you have access to a wide variety of trading pairings, including bitcoin, CFDs, and currency pairs.
Even if it is the finest broker, IC Markets does not give a lot of information on how to analyze the market, despite the fact that it is excellent for novices getting started with CFD trading.
What factors genuinely contribute to the stability of the IC Markets? In this evaluation of IC Markets, we have discussed the level of security provided by the broker. Let's not forget the history of the firm, shall we? IC Markets was established in the year 2007. It is a service provided in Australia. Sydney is the location of the company's headquarters and administrative offices. The service is rated really well. More than a half million trades are executed daily, and as far as EUR/USD is concerned, there are no hidden trading costs associated with any of these deals.
The Australian Securities and Investment Commission has management authority over the company known as International Capital Markets Pty Ltd. A connection has been established between IC Markets EU Ltd and the Cyprus Securities and Exchange Commission. The Securities Commission of The Bahamas must be dealt with on a regular basis by IC Markets Ltd. The duty for Raw Trading Ltd. falls on the shoulders of the Financial Services Authority of Seychelles.
When we evaluate the manner in which customers' funds are stored, IC Markets may be regarded as a trustworthy platform. Certain unique trust accounts are established, and then connections are made between those accounts and reputable Australian financial institutions.
It is important to note that IC Markets has been honored with a number of accolades, including "Best Forex trading MT5 Broker 2020." It was observed that there were a lot of users and a significant number of transactions carried out each day. If, on the other hand, you do not possess retail investor accounts, IC Markets is a less secure option for you given that other accounts lose money when they have a zero-on-balance position.
Within this evaluation of IC Markets, you will get a detailed walkthrough on how to make use of the primary functions offered by the service. Always giving our frank assessment, this section covers our thoughts on the most important aspects of a trading platform.
In addition to this, we compile a list of the most significant benefits and drawbacks associated with using a trading platform. You will also find information on the company's history and reputation, in addition to investment advice and other relevant details. We will present the information to you so that you may form an educated opinion regarding the dependability of IC Markets. Make it a point to get up-to-date information on everything from the pricing to the deposits to the trading fees (in EUR or USD) and any other additional expenditures. Continue reading our evaluation of IC Markets to get the solutions to all of your problems and inquiries.
The Investments Commission, the Cyprus Securities and Exchange Commission, and the Financial Services Authority are the three organizations that have regulatory authority for International Capital Markets Pty. It is able to provide you with some of the most competitive Forex spreads, beginning at 0.0 pips, with a trade execution time of about 40 milliseconds on average. CFD traders and Forex traders alike consider IC Markets to be one of the most trustworthy brokers in the industry.
To kick off this IC Markets review, we would like to emphasize the reasons why this trading platform is deemed to be of sufficient quality. One of the most prominent businesses in the industry, IC Markets (EU, LTD) ECN Broker is a provider of excellent options to brokers located all over the world. It is headquartered in the country of Australia. The organization is a significant player in the business world and is well-known for offering trustworthy CFD and Forex broker alternatives.
On IC Markets, you have the ability to select the sort of account that would work best for you, as was described earlier. There are several accounts of what happened. If you are just getting started with using this platform and sphere, you could be having trouble determining which option is the most suitable for you.
In the following paragraphs, we will go over each of them in greater depth in order to make your selection simpler and more expedient.
If you are just getting started in the world of trading, having a Demo account is going to be more than adequate for you. People who do not frequently visit bitcoin sites should consider this option since it is their best option.
One more choice for people who want to enhance their working capabilities but don't want to spend the extra money on the costs of doing so. However, you must be willing to make an upfront payment in order for this account to be opened in your name. However, we would like to point out that this kind is more suitable for novices than the others. It's possible that folks with more experience will find it lacking.
Raw Spread accounts are another type of account that may be opened. When it comes to this kind, the required deposit is always the same amount. Unfortunately, there is a cost involved, and the percentage of users who do pay is rather large. In addition, if you choose this kind, you will not make a single payment and then be exempt from all subsequent payments for the remaining years. When you execute transactions, you are obligated to provide up monetary payment. It will not be possible to buy or sell cryptocurrencies until you do what needs to be done. Who is it that this sort of account is designed for? For highly-skilled professionals in the field as well as high-income earners. They have already accumulated sufficient profits to pay for a suitable account, which will help them achieve even greater levels of achievement. After you have paid the required payments, you will be given the chance to work under improved circumstances. We strongly suggest that you give this account a try if you are an experienced user who is familiar with developing strategies, accomplishing goals, and selling and purchasing cryptocurrencies at the best prices.
We would like to bring to your notice that the very same kind is also available for the c-Trader platform. c-Trader The price that you have to pay for it is equivalent to the price that you paid for the item that came before it.
We are now going to discuss the most advanced accounts, which are reserved for those who have worked in the bitcoin industry for an extended period of time. The topic at hand is professional accounts. It should come as no surprise that these accounts include the most favorable indications and terms for purchasing and selling. However, even this variety has a significant drawback to contend with. While the money of others is shielded by certain rules, the money in professional accounts may be at risk. In addition, we feel obligated to advise you that obtaining this account is not an easy task at all. It is not enough to have the mindset of a professional and to be confident in one's knowledge and abilities in order to be considered a professional. You will need to demonstrate how much money you have made as a trader, and you will also need to pass an exam that evaluates your understanding of the subject matter.
It is important that you select an account that is appropriate for your level of expertise. Kindly make an honest assessment on them. Raw Spread and its associated pro accounts are not something you will be able to master if you have no interest in complex analytics. Pick the one that is most common. If, on the other hand, you are already well-known and successful as a trader, you will find that utilizing a regular account or even a Raw Spread account would make you feel bored.
Also, do not forget to give some serious consideration as to whether or not you are prepared to spend some additional money for the privilege of keeping an account.
Let us mention in this section of our IC Markets review the diverse selection of cryptocurrencies that are supported by the IC Markets platform. When it comes to trading platforms, the more currencies that are supported, the better. When conducting activities relating to trading CFDs, it is imperative that you select a trading platform that supports at least some of the most important and widely used cryptocurrencies. Examples of such cryptocurrencies include Ethereum or Ripple & Litecoin, Dash Coin, Bitcoin, and Bitcoin Cash. Ensure that the platform you select has support for at least some of these cryptocurrencies before beginning your activities. The maximum leverage offered is 1:5, which is in line with what is offered by other trading platforms. In addition, the spreads that are applied to cryptocurrencies such as the ones that were discussed above are often substantially higher than the spreads that are applied to fiat currencies.
IC Markets is able to boast a user-friendly interface that has been carefully examined and executed, and it is, in actuality, incredibly easy to use, in contrast to some of the other brokers. This is yet another significant benefit offered by IC Markets. In addition, you do not need to be an expert trader with a significant amount of experience in order to become familiar with IC Markets. You won't come across a lot of great services that can help you educate yourself and become more competent in doing analysis. The brokerage firm IC Markets is well-known in the industry for its emphasis on client education. The builders of the tool have assembled an excellent database of resources relating to the subject matter. In addition, as a user, you get access to market research that has already been conducted by the most knowledgeable experts in the field. In addition, the very same principle applies to webinars and online meetings. You will have the chance to learn whatever you require, and you will do so in a very short amount of time. Therefore, you need not be concerned that IC Markets is too difficult to understand, particularly for you.
If you are just starting out in the world of trading and cryptocurrency exchange, you may be wondering what the IC Markets trading platform has to offer in the way of instructional resources for people like yourself who are just getting their feet wet in the industry. To begin, IC Markets provides a venue in which anybody may get unrestricted access to the information that is made available. Surprisingly, even the question of whether or not you are registered will not even be asked of you. You may discover specific mention of that particular feature in each and every IC Markets review that can be found on the internet.
The brilliant ideas that the IC Markets developers had on how to organize the platform and choose a location suitable for storing all of the available resources were put into action.
Even if you have trouble getting started from the very beginning, watching some tutorials on how to begin would be helpful. They contain a variety of different types of information, including instructions on how to install the program. There are additional videos that were filmed by experts and teachers in their respective fields. Those who have more experience often discuss technical aspects like as pattern recognition, candlestick charts, and scalping. We would like to propose that you watch webinars on market dynamics and market structure if you are not very interested in technical specifics. These webinars will cover topics such as
Are you interested in gaining additional knowledge and attempting to forecast trends on the international markets? If this is the case, you will find that reading an analytical blog supplied by IC Markets is really enjoyable. Even users who haven't registered can get the daily updates. Trading Central also makes its analysis public, but only to traders who are registered with the site. If you started trading not too long ago, you would be in a better position now. Acquire a thorough understanding of technical analysis so that you can evaluate your own transactions and make educated guesses about which ones will yield the best results in the future.
As we go on to the next section of our analysis of the IC Market, we would want to caution you that trading involves taking on a number of significant dangers. In the foreign exchange market, each and every foreign exchange broker that uses this foreign exchange trading platform is aware that there is always a possibility that retail investor accounts may suffer a financial loss. This is due to the fact that CFDs are notoriously difficult to understand. It is possible that certain retail investor accounts will experience a loss of capital as a result of the leverage. On the other hand, it is more likely to occur to a Forex broker with a lack of expertise. A sophisticated forex broker is aware of all the potential dangers and is aware of how to prevent them. To start, the micro trading option is available with the True ECN account. In addition to this, the spreads that are dealt with on the True ECN account are slightly tighter.
In this IC Markets review, let's speak about some of the benefits that come with using the trading platform.
To begin, IC Markets is available in a huge selection of languages. This is due to the fact that it is incredibly popular all over the world.
In addition, it is simple to use and adapt in the event that you have certain specific requirements. A desktop version of the platform, on the other hand, is preferable for more experienced users.
A novice will need considerable practice before they can get familiar with the game's features. However, making use of the search capabilities on the Forex trading interface is not too difficult at all.
As an additional benefit of the IC Markets trading platform, the notification feature is one that we highly recommend you take use of. It will assist you in maintaining vigilance and preventing the loss of money in your accounts. In addition to that, pay close attention to the part on the fee reports.
It will be much simpler for you to comprehend how much money you have spent and how much is still available in your IC Markets account as a result of this feature, as it displays all of the payments that have been finished being processed.
Following on from the last topic of the IC Markets review, we would like to discuss a mobile trading software that IC Markets has just released and which includes trading robots embedded into it. Not only does IC Markets have a website, but they also have an app for trading. Both Android and iOS users are able to utilize the IC Markets mobile platform on their respective devices. MetaTrader is the specific platform that is utilized for mobile Forex trading. When compared to its rivals, IC Markets' extensive array of trading possibilities is far superior.
In order to provide a comprehensive analysis of IC Markets, we have made a list of both the platform's strengths and weaknesses. The insights of experienced Forex brokers were pooled in this study.
The IC Markets app is designed to be simple and straightforward to use.
Even inexperienced traders will have no trouble navigating IC Markets, particularly with the market analysis option.
A powerful search function may be found within the application.
You will be informed about the pricing by IC Markets, which significantly reduces the likelihood that Forex brokers' accounts will suffer a loss of funds as a result of copy trading.
You may produce duplicates of transactions that you make by using trading robots and applying trading signals to your trades. There is no longer a high danger.
It is possible to engage in copy trading on a worldwide basis.
Make a hasty withdrawal of your funds.
There is just one stage involved in the process of identifying a Foxer broker; as a result, it is possible for Forex broker accounts to suffer financial losses as a result of fraud.
There is no new technology available for logging in, such as Touch ID or Face ID.
You can use the mobile trading platform whenever you want if you search for it, download it on your phone and tablet, and then utilize it. You will have a chance to log in to the ICMarkets-Live server when it is available.
Fortunately, the mobile app for IC Markets is not too dissimilar from the website version. The vast majority of the features and functionalities are virtually identical to those found in the desktop version of IC Markets. Take, for instance, the fact that you have access to the same number of languages. Users of the iPhone should not experience any issues because it is simple to locate this option on their devices. It is possible that doing so will be more challenging on Android. If you wish to change the language that is shown in the app, you must first change the language that is set as the default.
IC Markets, on the other hand, do not provide the negative balance protection that some other exchanges offer. When the market scenario shifts quickly, it indicates that there is a significant possibility that you might lose all you have in any of your account types. However, only retail traders are eligible for the negative balance protection that is offered. However, if you trade in cryptocurrency but just a modest amount at a time, there is still a potential that the dangers will be reduced. You are always welcome to get in touch with the management of IC Markets if you have any additional inquiries regarding the negative balance protection or the leverage policy. Please forward all compliance-related inquiries to the following email address: email@example.com.
Receiving alerts on your mobile phone is a really helpful feature to have. You have the ability to set them by yourself whenever it's necessary in the complete online version. Cell phones, alas, are incapable of fulfilling this requirement.
The ability to look for possibilities is one of the most useful aspects of the IC Markets mobile app. The search procedure is really quick and doesn't take up much time. You may accomplish this by noting down the name of a product or by locating an appropriate category. For international bank transactions, a modest fee in the amount of 20 Australian Dollars (AUD) is paid.
When it comes to the procedure for logging in, it is exactly the same as it would be in the full edition of the trading platform. The process consists of just one step, which is unfortunate. The consensus among security experts is that a login process that requires two separate steps offers a significantly higher level of protection. In addition, consumers are unable to utilize Touch ID or Face ID to unlock their devices.
It will not be necessary for you to learn anything new in order to place an order. The procedure is entirely identical to what is described on the webpage.
The IC Markets broker, which is well-known for being licensed by the renowned ASIC and CySEC, is a broker that gives you the opportunity to employ complicated instruments to avoid having a very high chance of losing money, particularly when you are trading CFDs or Forex. The IC Markets offering is the leading electronic communication network (ECN) broker that offers a low minimum deposit opportunity and has tight spreads, with an average spread of 0.1 pips on the EUR/USD currency pair. There is no need for you to be concerned about the trading fees that you are required to pay when withdrawing money out of your account or the additional expenditures that are caused by excessive leverage.
IC Markets offers a significant range of CFD trading services available, and trading charges are kept to a minimum. This makes the platform appealing to novice traders interested in CFD and Forex trading. IC Markets is a platform that will be enjoyable to use for seasoned forex brokers. Trading circumstances that have been thoroughly thought out and are executed quickly by it are just excellent.
What is the lowest deposit amount that IC Markets accepts? When you use any trading platform, you will be required to make a deposit, which is a preliminary payment of a certain minimum amount that must be made before genuine trading can begin. This number might be different depending on the trading platform you use. Recently, it has also been feasible for Forex traders to check the guarantee by paying this deposit. Previously, this was not the case. Having said that, it does not happen very frequently. After making a minimum deposit of two hundred United States dollars, any one of the IC Markets account types that are offered to you on IC Market will be activated. This is the one-time fee that is required of all new users.
Keep in mind that the total cost is merely $200 USD. Do not worry about spending more money than was previously specified because of the IC Markets costs in EUR/USD. The IC Markets does not charge any additional trading fees in EUR/USD, so there is no need to worry about this. After making even the smallest investment, you will have the ability to trade more than five of the most popular cryptocurrencies. In addition, it may be obtained in a variety of methods and can be paid for using a wide range of fiat currencies. Because of this, using IC Markets is really convenient. You may prevent the chance of losing all of your money by starting off by trading very little sums, which is another advantage that comes with trading for beginners. Additionally, trading in fractional portions of cryptocurrency is an option provided by the site.
Do not sit on the sidelines for too much longer; begin trading right away! Because IC Markets is so widely used, there is a little probability that you will come to regret your decision to make a deposit, even if it is the bare minimum. The program enables users to successfully trade by providing all of the necessary alternatives. Because there are so many free instructional resources available, inexperienced users in particular will enjoy using it (on topics such as technical analysis and trading central). Due to the fact that the MC Markets platform enables traders to engage in transactions with relatively modest sums of money, a significant number of today's prominent forex traders got their start in the industry by trading on the MC Markets platform. Every trader is in the same situation, and there is an equal opportunity for everyone to make a lot of money.
Do the offerings made by IC Markets provide for an enjoyable experience when trading? In the first place, the activities that take place on the IC Market platform are subject to the regulations of the Cyprus Securities and Exchange Commission (CySEC). Because it allows CFD trading in addition to algorithmic trading, IC Markets is a candidate for the title of best broker, in contrast to other trading instruments that carry a greater potential for financial loss. Trading costs that are levied in EUR USD are far cheaper than those on any other website, as is the minimum deposit requirement, which is equal to 200 USD. Imagine that you are either a trader or an investor who is interested in the trading that is carried out on the websites cTrader and MetaTrader. IC Markets offers both high-quality educational services and a substantial amount of information absolutely free of charge. This material includes statistics on automated trading systems. Due to the fact that very few accounts really end up losing money while working on IC Markets, we can confidently consider it to be at least one of the top Forex broker alternatives available to us anywhere in the globe.
Does IC Markets permit activities of the type known as scalping? Scalping and hedging are both acceptable trading strategies at IC Markets. This is especially true if you trade using MT4 or MT5, which do not place any limits on trading. People that trade often during the day and engage in scalping will find these trading platforms to be an excellent choice. You might also be interested in looking into the Raw Spread account type. One of the most prominent and advantageous benefits of having a Raw Spread account is the fact that the spreads there are the lowest compared to those of other accounts. There are a lot of Forex brokers and Forex traders that use this strategy to lower the probability that accounts may lose money. Furthermore, the Raw Spread account is not an exception to this rule.
IC Markets is an excellent choice for professional Forex traders looking for
a broker, and it is licensed by several different governing agencies in the
financial industry, including CySEC, ASIC, SCB, and the FSA of Seychelles.
Beginner traders will find a lot of help and valuable tools, despite the fact
that the majority of the services and products are designed with more
experienced traders in mind. You have the opportunity to trade more than 1,700
different financial CFD products, including those relating to currency,
equities, indices, cryptocurrencies, and commodities.
We gave IC Markets a score out of ten in each of these nine areas. The broker received good marks in a number of categories since it was easy to create an account with them, and we discovered that their trading costs were both very competitive and better than the norm in the industry.
The Platform and Tools segment had one of the lowest marks, however this was solely due to the fact that the three platforms available (MetaTrader 4, MetaTrader 5, and cTrader) are primarily designed with expert traders in mind. The mobile app is, in our experience, both the simplest and the quickest method to execute a transaction, but there are many other tools available to assist newcomers.
The commission-free trading account, webinars, and trading courses are all fantastic resources for novice traders. The broker offers a great deal of support to clients so that they may get off to a good start in the trading industry.
Advanced traders will get access to a wide variety of trading tools, products, and support services, all of which will help them improve their trading. This offers access to raw spread trading accounts, as well as the MetaTrader 4, MetaTrader 5, and cTrader platforms, in addition to other third-party tools like as AutoChartist, which delivers real-time trading ideas.
IC Markets is regulated in virtually every country in the globe, giving traders access to a very competitive offering. During our live testing, we discovered that the trading fees, such as spreads and commissions, are more favorable than the average offered by other companies in the sector.
The fact that everything is done digitally and that they have customer service available round the clock made creating an account a breeze. In addition to this, the broker is quite clear and honest about the variations that exist between creating an account with their worldwide organizations that are regulated in a variety of jurisdictions.
Who Can Benefit from IC Markets? IC Markets takes great satisfaction in the fact that their product is the go-to option for high-volume traders, scalpers, and robots. Based on our studies and tests in real life, we have reason to think that this is the case.
There was a lot of competition among the numerous accounts that offered low spreads and cheap charges, thus trading expenses were quite affordable. In addition, each of the costs is explained in great detail. There are three professional trading platforms available to you, each of which is designed specifically for experienced traders.
On the other hand, the service also caters to novice traders by providing them with access to trading classes, market research, webinars, customer support, and demo trading accounts, which can be used to sharpen trading abilities and practice new strategies.
In addition to this, we discovered that the broker is quite forthright in all of its interactions. Every one of its organizations will offer you with accurate information on the safeguards you have or do not have. This is significant because the broker is being forthright with you about how they intend to handle your business as a customer, which is always beneficial information to have. They go above and above what is necessary to protect and secure you, which demonstrates that they place a high priority on your wellbeing.
Since IC Markets began operations in 2007, they have a long history of reliability. The fact that they have been in business for such a long time and that they have successfully navigated the changes that have occurred in the financial markets during that time indicates that they are serious about the business and the services that they offer to the company's customers.
Why Is It Necessary to Be Aware of the Jurisdiction That Regulates Your Broker's Subsidiary (Entity)? The degree of regulatory control and safeguards that are made available to investors is directly proportional to the location of the broker. Many brokers have relocated overseas as a result of a regulatory crackdown carried out by tier 1 authorities such as the FCA, CySEC, and ASIC; hence, it is important to perform your research thoroughly.
When evaluating the trustworthiness of a broker, we take a number of factors into consideration. These are the following:
separation between the monies used for customers from those used for the business. It is imperative that customer monies be kept in a separate account from company funds at all times, since you do not want your broker to utilize your money to operate their own firm.
A insurance to safeguard against having a negative balance. Because of this, it is impossible for the value of your account to go into the red as a result of unfavorable market movements.
Method of financial compensation In the event that a broker declares bankruptcy, does the regulating body or the entity give access to compensation?
Are extra protections implemented by the broker even when it is not necessary of them to do so? This is an excellent indicator of how seriously your broker takes the responsibility of ensuring your safety.
While other financial authorities do not make it a regulatory necessity to offer some of these services, other financial regulators do make it a regulatory requirement to offer some of these features.
IC Markets manages a total of four distinct bodies around the globe, including two tier 1 regulators and two tier 3 regulators. These are as follows:
The Financial Services Authority (FSA) of Seychelles, which is classified as a tier 3 regulator, has granted Raw Trading Ltd. authorization and regulation.
The Australian Securities and Investments Commission (ASIC), which is a tier 1 regulator, has granted authorization to and is the regulatory body for International Capital Markets Pty Ltd.
IC Markets (EU) Ltd is a tier 1 regulator that has been granted authorization and regulation by the Cyprus Securities and Exchange Commission (CySEC).
IC Markets Ltd. is a third-tier financial services provider that is authorized and regulated by the Securities Commission of the Bahamas (SCB).
The website www.icmarkets.com/global is managed by Raw Trading Ltd. Even though it is only a third-tier financial regulator, the Financial Services Authority of Seychelles (FSA) has taken additional precautions to protect its customers. These include the following:
Coverage of up to one million dollars per customer is provided by the insurance.
storing customer money at tier 1 banks and keeping it separate from corporation money at all times.
offering a policy to safeguard against having a negative balance.
It is not a regulatory necessity to do this; however, it is for brokers that are licensed by CySEC or ASIC. Therefore, it is wonderful to see IC Markets offering this for accounts that are established under this business.
The Australian Securities and Investments Commission (ASIC), which is ranked as a tier 1 financial regulator, has granted authorization to the business known as International Capital Markets Pty Ltd to operate the website located at www.icmarkets.com.au. There is no compensation system available in the event that the broker declares bankruptcy, despite the fact that the scrutiny from the regulator is typically more stringent than in offshore countries.
When dealing with this organization, customer funds are kept in separate accounts in banks in Australia with ratings of AA or above.
The entity known as IC Markets (EU) Ltd is authorized and controlled by CySEC, which is regarded as a tier 1 financial regulator. It is also responsible for operating the website located at www.icmarkets.com/eu.
When dealing with this entity, it is a regulatory requirement for the broker to keep the funds of their clients separate from their own funds, to provide a policy that protects negative balances, and to participate in an investor compensation fund in order to safeguard the interests of their customers in the event of a default.
When looking for a broker, there are several different kinds of fees that you should consider.
Trading fees are any costs incurred in the purchasing and selling of a financial instrument and comprise the following categories of costs:
Commission refers to the expense incurred both while entering and exiting a deal.
The difference in price between the buy price and the sale price is referred to as the spread.
The expense of maintaining a leveraged position overnight is referred to as the overnight swap charge.
Fees for converting your base currency into the currency of the asset you are dealing, if that currency is different from the currency of your base currency.
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Deposit and withdrawal fees are examples of non-trading fees, which are different from trading costs since they are not associated with purchasing and selling financial instruments. Inactivity fees are the costs that are incurred when a trading account is established but there is no further activity on the account.
Trading costs for foreign exchange, indices, and stocks are extremely competitive with IC Markets and better than the norm for the sector. The 1-point spread on the DAX 40 is advertised by a number of different brokers. Because it is just 0.5 points with IC Markets, it means that you are able to keep more of the profit in your trading account.
Also extremely competitive was the spread for GBPJPY, which ranged between 1.2 and 1.5 pips. For such a volatile currency pair, some brokers would quote prices as low as 5 pips with ease.
The best part is that these are the spreads for the trading account that doesn't charge any commissions. There is a good chance that the spreads on the other account types offered by the broker are even smaller; nevertheless, you will be required to pay a fee whenever you buy or sell.
Although they were still lower than usual, the costs for trading commodities were about on par with the norm for the sector. The expenses for buying and selling stocks were another thing that took me by surprise, especially considering that, unlike with many other brokers, there was no commission involved.
The trading platforms and tools offered by IC Markets are designed with experienced and seasoned professionals as their primary audience in mind. The MT4, MT5, and cTrader platforms each come pre-loaded with a number of tools that facilitate technical analysis, algorithmic trading, indicator customization, and social trading. In addition, add-ons such as AutoChartist plugins may be utilized to provide real-time trading ideas.
Straight through processing, often known as STP, and electronic communications network, or ECN, dealing are both available through IC Markets. This ensures that you receive the most accurate data and fills possible by directing your orders directly to the market.
Which Trading Platforms Are Best Suited for Novices and Experienced Traders Alike? It is generally agreed that the MetaTrader suite of trading platforms has the title of the most widely used trading platform in the whole globe. These platforms are offered to clients by a significant number of Forex and CFD firms. cTrader, on the other hand, is another another platform that is well-known all over the world and is primarily designed with professional, short-term, and algorithmic traders in mind.
Even though new traders using these platforms may face some difficulty getting up to speed, the effort will be well worth it because there are so many different options to choose from. However, if you are seeking for a fast and easy way to purchase and sell, then the mobile app is the best option for you because it is the quickest method.
Desktop and online versions of IC Markets' MT4, MT5, and cTrader trading platforms are tailored to meet the needs of experienced traders. The online platform is the one that will be the simplest to use for beginners, but there is still going to be a learning curve.
Downloading the MT5 desktop platform for Windows was the first thing we did for our test. It is an improved version of the MT4 platform that comes loaded with a variety of features that are tailored specifically for experienced traders.
A wide variety of cutting-edge instruments for experienced traders.
Excellent for technical analysis as well as algorithmic trading
There is a good amount of customizability on the desktop, but it is limited on the web. There is a learning curve for novices, but it becomes simple to use over time.
You will be presented with a chart as soon as you open the brokers desktop or web interface, whatever you choose to use. On the desktop, you are able to have many charts open at the same time, in contrast to the online platform, which only enables you to view a single chart at a time.
It is not easy to find your instrument on the chart while you are looking for it. First, conduct a search for it in the window that displays the market monitor, and then drag it onto the chart. However, the charts are easy to read, and MT5 gives users access to a total of 38 distinct technical indicators and 21 various timeframes.
You are able to engage in live market trades, which put you in the market at the price that is now being offered. You also have the option of placing pending trades, which will cause you to enter the market at a specific price level that you have already established and typed into the order ticket.
You may also place expiry orders, which allows you to better control the total risk associated with trading in the market and ensures that you do not enter a deal at an inappropriate moment. You are unable to establish alerts using the online platform, but you may do so using the desktop version.
The desktop version of MetaTrader 5 and the web-based version have a relatively easy learning curve. Trading on the MetaTrader 5 web interface, which does not require a download, is the simplest and most convenient method. On the left-hand side of the screen is the chart, and on the right, you have access to several indicators and periods.
Because there are so many customization options available on the desktop platform, getting used to it might take some time. These options are not available on the online platform. For instance, the desktop platform enables you to have a number of charts open at the same time, and you are able to arrange them in any order and size that you choose. On the online platform, you are unable to do this action.
Traders new to the market will appreciate how user-friendly the online platform is. The amount of customization that is accessible, as well as access to additional trading tools like as algorithmic trading and individualized indicators, will be very appealing to advanced traders.
You also have access to the MetaTrader Marketplace through the desktop platforms of MetaTrader, where you may obtain algorithmic trading techniques and create bespoke indicators.
In addition, IC Markets offers a supplementary plugin for MetaTrader known as AutoChartist. This is an external tool that analyzes the market for potential chances and gives you with trade ideas that are relevant to the present moment.
During our live test, we utilized the mobile trading app version of MetaTrader 4. With its straightforward layout and navigation, we found it to be the simplest, quickest, and most user-friendly method for novice traders.
The MetaTrader 4 mobile trading software provides a variety of features that make it possible for you to manage your account, see your positions, and place live trades while you are on the move. The download procedure was quite simple, and this is an excellent approach for new traders to get started in the market.
You may get the mobile app for your Android or iOS device by downloading it here. As part of our evaluation, we installed the MetaTrader 4 mobile app on our test device. This application is compatible with mobile devices running both Android and iOS and can be obtained from either the Google Play Store or the Apple App Store.
At the very bottom of the MT4 mobile app are a number of icons that provide access to various features, such as real-time quotations, charts, position history, and settings. The chart is easy to view and may be accessed by selecting the market that interests you and clicking on it.
The carts are spotless, and you get access to a total of 30 distinct technical indicators and 9 different periods for conducting technical analysis.
The mobile application is the most user-friendly starting point for any platform. The download is quick, and the site's layout is straightforward and easy to use. Everything is designed out in a way that is straightforward and organized, which enables you to move between various primary categories such as Quotes, Chart, Trade, History, and Settings.
You are able to view real-time price quotations of the instruments that are accessible to trade on by clicking on the Quotes icon. In this area, you have the ability to generate watchlists, add items to your existing list, as well as see information such as the operating hours of an instrument.
You will be presented with a number of alternatives, including Chart and Trade, when you right-click on an instrument. You will be sent to a live chart of the instrument if you click on Chart. In this section, it is easy to see multiple periods, as well as to carry out technical analysis with the assistance of drawing tools and technical indicators.
The mobile app has a low learning curve and is an excellent spot to begin trading due to its convenience.
You may trade on more than 1,700 different financial CFD instruments with IC Markets. These CFD instruments cover all of the major asset classes, including cryptocurrencies, forex, stocks, and indices, as well as commodities, bonds, and commodities.
The variety of instruments that may be traded on is far more than the norm for the industry. The majors, minors, and exotic currencies make up the Forex pairings, whereas the key categories of commodities are metals, energy, and softs.
The stock offering includes shares that are listed on the New York Stock Exchange (NYSE), the NASDAQ Exchange, and the Australia Stock Exchange (ASX), but it does not include any equities that are listed on European markets.
IC Markets provides excellent live chat customer service around the clock, staffed by people that are experienced in their fields. On two consecutive instances, we tried calling the stated telephone number, but we were unable in making a connection.
You are able to contact customer service in a number of different languages, some of which include English, Chinese, Indonesian, Italian, Spanish, Portuguese, Thai, and Vietnamese.
Why is providing help to customers so important? You want to know that you can get in touch with your broker as quickly as possible and at any time you choose in the event that you have any administrative concerns, questions regarding a transaction execution, or other concerns of this nature.
On the website of the broker as well as in the client portal section, there is a live chat facility as well as a telephone number that both provide access to customer service around the clock.
In the course of our live customer service support test, the first thing we did was contact the number listed on the website. Even though we attempted it on two separate occasions over the week, it was not successful in connecting.
Because there are no fees associated with depositing or withdrawing money, IC Markets received a perfect score in this category. This reflects how well they fared overall. A wide variety of payment options are also available, including bank wire transfers, credit and debit cards, e-wallets such as PayPal, Neteller, and Skrill, as well as many more.
A broad variety of currencies, such as AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, and RMB, are accepted for deposits of monies.
You may choose from a number of different ways to deposit money into your IC Markets account without incurring any additional fees.
You are able to withdraw your funds from IC Markets without incurring any fees, although international bank wires are an exception to this rule. A transaction charge of twenty Australian Dollars (or the currency equivalent) will be taken from the total amount that can be withdrawn.
The Financial Services Authority of Seychelles (FSA) oversees the IC Markets company, which provides customers with three primary account options. Raw Spread cTrader, Raw Spread MetaTrader, and the Standard Account are the three types of raw spread trading platforms. Each one may be opened in a matter of minutes and requires a modest initial deposit of only $200.
IC Markets has a diverse selection of account types, catering to both novice and experienced traders. The Raw Spread accounts are based on commission, and spreads start at zero pip increments. The Standard Account does not charge a fee and has spreads starting at 0.6 pips.
We believe that the level of customization to your specific requirements is excellent, and that the offering is above the norm for the industry. After all, every trader is searching for something different, which is why it's in your best interest to have as many possibilities as possible.
The procedure of opening an account was quick and uncomplicated, and it took us no more than four minutes total. In addition, Islamic swap-free accounts and a demo trading account are both available to you. You also have the option of selecting the authority that will oversee your trading activities.
Residents of the United States, Iran, North Korea, and several other locations are not eligible to get services from IC Markets because of local regulations.
Why is it Necessary to Select the Appropriate Type of Account? The account that you opened will have a significant influence on virtually all facets of your trading. Various accounts will often come with a variety of fees, tradable instruments, and platforms; therefore, it is essential to select the one that is most suitable for your individual requirements.
What Kinds of Accounts Does IC Markets Offer Its Customers? There are three different account kinds offered by the worldwide entity of IC Markets that is licensed by the FSA of Seychelles. These account types are suited for both novice and experienced traders.
Raw Spread accounts feature spreads that begin at 0 pips but are dependent on commission rather than a fixed spread. This is one of the primary distinctions between the accounts.
While using the cTrader platform, the fee that is charged per lot, which is equal to 100,000 units of currency, per round turn (to enter and leave) is $6. However, when using the MetaTrader platform, the commission that is charged is $7.
You have access to the identical account types and terms as are offered by other organizations that are part of IC Markets. Nevertheless, the most important distinction will be how much leverage you have available to you.
For instance, if a broker wanted to open an account in Europe or Australia, they would have to comply with the leverage limitations imposed on them by the local regulator (CySEC and ASIC).
This indicates that you are able to create the same account and have access to the same commissions and spreads; but, the CySEC and ASIC regulated accounts will only provide a maximum leverage of 30:1 to retail traders.
When we opened an account with IC Markets, we discovered that the procedure was both quick and easy. In point of fact, opening a Standard Account required fewer than four minutes of my time. Because everything is handled digitally, setting things up and getting started will just take a few minutes.
The following is a step-by-step guide that will walk you through the procedure that we followed in order to create an account with the IC Markets FSA of Seychelles licensed firm.
In the first step of the procedure, you will only be required to enter your name, email address, and phone number.
Step 2: Give some more information about yourself, such as your previous work experience and your financial situation.
Step 3: Select the setup options for your account, including the platform, the base currency, and the type of account you want to use.
The fourth step is to begin trading after making a deposit of money.
In order to withdraw funds, you will also be required to authenticate your identification, which is a requirement that is normal for registered brokers. We found this procedure to be simple because all that is required of you is to submit a photocopy of a valid form of identification (such as a passport or driver's license) and a utility bill showing your current address (utility bill or bank statement).
Through the IC Markets client portal section, you have the ability to submit your documents, gain access to your trading accounts, download platform software, and utilize extra services. This individualized section is an excellent resource for managing all of your business dealings.
Research covering an extensive breadth of topics is offered by IC Markets. This is in addition to live analysis sessions, articles covering both fundamental and technical analysis, as well as forecasts and suggestions from Trading Central and AutoChartist, and it is higher than the norm for the industry.
IC Markets gives customers access to educational resources of a very high standard. This consists of trading videos, video tutorials for trading platforms, articles, and trading courses that are appropriate for both novice and experienced traders.
If you are looking for a broker that provides a decent selection of trading platforms in addition to low fees, then IC Markets might be the right choice for you.
Even though the three trading platforms are designed with professionals in mind, there is a significant amount of assistance available for novice traders. This is especially true with regard to the additional plugins, such as AutoChartist, which offers trading signals.
The wide variety of high-quality research and educational resources, such as articles, videos, courses, and live market analysis, will also be beneficial to novice traders. Specifically, these resources will be of use to novice traders in the following ways.
The various trading platforms each have their own unique set of customizations and versatility, which advanced traders will find to be quite appealing. In addition to that, access is provided to raw spreads, and commissions are kept to a minimum.
Sites like IC Markets in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- Swissquote - It's a Swiss bank that offers an online trading platform for forex and CFD trading. (Swissquote Review)
- easyMarkets - Israeli brand that is big all over. (easyMarkets Review)
- Forex.com - Google ranks them in the top 10 for the term "forex". (Forex.com Review)
- Plus500 - UK brand that has its own platform, OK for CFDs, with mediocre reviews. (Plus500 Review)
- AvaTrade - Regulated by ADGM's Financial Services Regulatory Authority (FSRA) in Abu Dhabi. (AvaTrade Review)
- FXCM.com - Oldest brand when it comes to retail online forex trading. (FXCM.com Review)
- Mashreq Neo - An online trading platform provided by Mashreq Bank. (Mashreq Neo Review)
- ForexTime (FXTM) - Owned by Andrey Dashin from the Alpari broker fame. (ForexTime FXTM Review)
- Noor Capital - Licensed and Regulated by the UAE Central Bank and SCA. (Noor Capital Review)
- XM.com - XM broker is big in Africa and South East Asia, and now promoting themselves hard in the UAE. (XM.com Review)
- Saxo Bank - Danish Investment Bank with a long history of catering for premium forex investors. It also provides crypto trading facility. (Saxo Bank Review)
- Pepperstone - Originally Australian, but licensed locally by Dubai Financial Services Authority. (Pepperstone Review)
- CMC Markets - UK-based broker that is popular among CFD traders. (CMC Markets Review)
- ETX Capital - UK broker that has a decent reputation among Arab investors. (ETX Capital Review)
- Interactive Brokers - American online-trading broker that is expanding into Asian and Arab markets nowadays. (Interactive Brokers Review)
- Rakuten Securities - Japanese broker that usually looks out for large institutional investors. (Rakuten Securities Review)
- Dukascopy Bank SA - Swiss bank that offers online forex trading on its own proprietary platform. (Dukascopy Bank SA Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.