IC Markets was established in 2007 in Sydney, Australia, as an International Capital Markets PTY. Its current headquarters are in Australia and Seychelles.

The broker was founded to close the gap between institutional and retail trading, hence its popularity as IC Market Forex. IC Markets broker also offers unique trading service catering to the needs of retail and low-profile investors.

Supported Countries

Except for countries where forex and CFDs trading activities are illegal, the broker offers its services worldwide. This explains why IC Markets platforms are available in 18 languages; the list of IC Markets accepted countries is quite long.

However, a few countries are excluded from the list of countries supporting IC Markets trading activities.

Excluded countries include:

– Belgium

– Canada

– Côte D’Ivoire

– Cuba

– Ghana

– Iran

– Iraq

– Israel

– Latvia

– Liberia

– Niger

– Togo

– United States

– Zimbabwe

Customer Service Rating

IC Markets has an excellent 4.8 rating on Trustpilot. This rating is based on 30,583 reviews. These IC Markets reviews suggest that the majority of its clientele is impressed by the quality of IC broker service.

Many IC Markets US clients praised the broker for its swift customer service response and commissions-free policy on deposits and withdrawals. The negative reviews are based mostly on withdrawal difficulties. However, this can be resolved by consulting the specific customer care email for inquiries and complaints.

TRADING INFORMATION

IC broker regulated trading solutions meet the experience levels and expectations of both new and active day traders. Customers can also access enhanced liquidity and low latency through any IC Markets platform.

IC Markets Trading Platforms

IC Markets offers its clientele the desktop and mobile versions of its MetaTrader 4, MetaTrader 5, and cTrader platforms. These platforms are available on Android and iOs (iPhone and iPad) for demo and live trading options. The details of each platform are described below:

MetaTrader 4

IC Markets is a MT4 broker ideal for scalping trading tactics for new and experienced traders. This interface is simple to use, with rapid order management functionality and risk management tools. Traders can also use Expert Advisors (EAs) on this algorithmic trading platform.

MetaTrader 5

Trading CFDs on shares is allowed via MetaTrader 5, a multi-asset trading platform. IC Markets MT5’s built-in market trading robots allow for simple algorithmic trading and automation. On this platform, CFDs and forex trading may be automated utilizing EAs and the MQL5 programming language.

cTrader

This platform affords traders detachable charting options, an individualized user interface, and iOS and Android apps. This institutional-style trading platform allows traders direct setup access to liquidity pools made for cBot-based algorithmic FX trading.

Trading Denominations

Despite the IC Markets minimum deposit of $200, the IC broker has only ten base currencies. They include:

– AUD

– CAD

– CHF

– EUR

– GBP

– HKD

– NZD

– SDG

– USD

– JPY

Leverage on IC Markets

With its offshore FSA regulatory branch in Seychelles, IC Markets broker provides a high leverage level of up to 500:1. The broker’s 65 currency pairs and other CFDs have different leverage levels. The broker’s offshore branch offers the following leverage:

– Forex, gold, and commodities – 500:1

– Indices, futures, and bonds – 200:1

– Shares – 20:1

– Cryptocurrency – 5:1

Please note that the maximum leverage is considerably lower with the Australian branch of IC Markets, regulated by ASIC and the CySEC. The leverage here is:

– Major forex pairs – 30:1

– Minor forex pairs – 20:1

– Gold and major indices – 20:1

– Futures, and minor indices – 10:1

– Shares and bonds – 5:1

– Cryptocurrencies – 2:1

Deposits and Withdrawals

The IC Markets minimum deposit requirement is $200. However, there is no minimum withdrawal amount. 

It is also essential to be aware of bank charges which may be added to their deposits or withdrawals. IC Markets itself does not charge any deposit or withdrawal fees. These fees may vary depending on the trader’s preferred deposit or withdrawal method and the amount to be transacted.

Deposits

Withdrawals

IC MARKETS TRADING EDUCATION AND TRAINING

IC broker is committed to offering a top-notch learning environment with video journals and articles. The broker creates an opportunity for individuals who have never traded forex or CFDs to pick up the basics.

With more than 100 articles and videos, the broker offers an excellent content selection for novice and experienced traders. Nevertheless, there is no progress tracking or assessment, and the content is not arranged by expertise level. Therefore, it may take a while for novice traders to navigate the available materials.

In addition to educating its clientele and other potential traders, IC Markets has produced the « IC Your Trade » podcast series. The broker also maintains a YouTube channel that features a library of its previously recorded webinars.IC Markets broker is committed to offering a top-notch learning environment with video journals and articles. The broker creates an opportunity for individuals who have never traded forex or CFDs to pick up the basics.

COMPANY STRUCTURE

IC Markets is one of the best Forex brokers and CFD brokers based in Sydney, Australia. The company is the first in Australia to provide forex ECN on the MetaTrader 4 platform.

Aside from its headquarters in Sydney, the broker also has offices in the Bahamas, Cyprus, and Seychelles. IC brokers take pride in their advanced technology, open pricing system, and minimal trading expenses.

IC Markets Licenses and Regulatory Compliance

Four primary regulators license IC Markets. They include:

– The Australian Securities and Investments Commission (ASIC)

Under the business name International Capital Markets Pty., IC Markets is supervised in Australia by the ASIC with the Australian Financial Services License (AFSL) no. 335692. ASIC protects forex traders by several measures, which include the demand that brokers retain client funds in segregated bank accounts, negative balance protection, and closeout margins. The watchdog also applies leverage limits to every asset class and CFD category.

– Cyprus Securities and Exchange Commission (CySEC)

The Cyprus watchdog regulates IC Markets’ European division. Brokers in this region, including IC Markets UK, abide by the European Securities and Markets Authority’s (ESMA) standards for forex trading. Some rules brokers must abide by include reduced leverage, bonuses, promotion restrictions, and negative balance protection.

– Financial Services Authority (FSC)

IC Markets has a subsidiary named Raw Trading Ltd, registered in Seychelles. This watchdog oversees the activities of traders outside of Australia and the European Union. Under the FSC, IC Markets has the license number SD018 and company number 8419879-2. Unlike the ASIC and CySEC, brokers licensed by the FSC are not under strict trading rules and restrictions.

– Securities Commission of The Bahamas (SCB)

To maintain its capital requirements, IC Markets broker complies with SCB’s regulations and has internal risk management measures. Per the dictates of the watchdog, IC Markets conducts external audits of its operational and financial procedures.

IC Markets Customer Support

IC Markets’ customer service is available around-the-clock. From its Sydney head office located at Level 6 309 Kent Street Sydney, NSW 2000, local customers can get assistance from the broker’s technicians and experts.

Clients can also contact the broker via its customer care lines, social media pages and handles, and website. IC Markets reviews tell that the broker is one of the popular brokers to have adopted the chatbot response across its trading platforms.

IC Markets Customer Protection

IC Markets regulations offer up to US$1,000,000 in insurance coverage for each client to secure their investments. The insurance plan also covers the client’s open CFD positions and available balance. All clients of IC Markets subsidiary, Raw Trading Ltd, are covered by the insurance plan, which will only kick in if Raw Trading Ltd files for bankruptcy.

CONCLUSION

IC Markets leads the financial market in terms of order execution and volume of foreign exchange trading. Its ecosystem is conducive for investors, especially professionals who seek top-tier trading environments. On IC Markets, investors enjoy trading benefits such as quick order execution, tight spreads, deep liquidity, and value-added tools.

In addition to offering dependable and secure trading conditions, the broker is fully regulated in four jurisdictions by credible regulatory bodies. Though there are no IC Marketss US clients, its license in other regions depicts the broker’s dedication to transparency. IC Markets brokers equally prioritize the needs of its clients with its uninterrupted 24/7 customer service. Overall, this IC Markets review concludes that the broker’s unique value proposition is worth every trader’s time.