With 180,000+ solid clients, IC Markets is now providing you with more than 65 currency pairs as of now (2020) and 41 CFDs. IC Markets Broker is one of a few traders that provides you the opportunity of “Social Trading” as well with the help of the “Myfxbook” and “Zulu Trade” platforms.
IC Markets Broker is considered as the “gem” of the trading market because of many good reasons.
The Company was founded in 2007 and received its licenses from the (AFSL) Australian Financial Services Licenses and (ASIC) Australian Securities and Investment Commission back in 2009. No doubt, IC Markets Broker is one of the prestigious platforms for trading that you ever come across.
"They are dealing with Meta Quotes Software Corporation,
MetaTrader 4 and 5, and C Traders platform as well"
So that’s enough of the introduction, right? Let’s get started with the “Account Types, Regulations, and Trading Platforms” of IC Markets.
Here we go!
Before you get started with the biggest giant, it’s important to know the regulations of the Company. Yes, the IC Market is regulated by (FSA) Financial Services Authority of Seychelles. This means you can trade with the IC Markets without any problem because they are being “Watched and Analyzed” by the best regulatory body in the world.
No then, you must be wondering about the account type of IC Markets Broker, right? Let’s break them down and talk briefly.
There are three types of account types that IC Markets Broker is dealing with:
So, these are the account types that IC Markets Broker is providing to you, and you can choose one “According” to your requirements, needs, and wants.
It’s time to discuss the “trading platforms” that this broker is dealing with:
They are dealing with three platforms for trading:
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As we are done with the basics of “IC Markets Broker,” it’s time to discuss the important and in-depth details.
Let’s enlighten our audience!
IC Markets accounts are considered as one the best in the world when it comes to providing “Best Value” for your money. Here’s what the spread of “IC Markets Broker” is based on:
That’s why the spread of this “Company” is considered one of the best in the world.
Now, let’s move to the execution time of the “IC Market” and let us know about this topic:
There are basically two types of executions that “every broker” works with:
Instant Execution: Unfortunately, you won’t be able to enjoy the Instant Execution with IC Markets because they don’t offer it. You can have the market execution and if you don’t know what market execution is, then here’s the definition:
Market Execution: In Forex Trading, the market execution, the client only specifies the volume only while placing the order. The asking price of your asset is generated during the process of execution, and you don’t have to deal with any kind of loss if the value of the asset changes during the execution process.
There are around ten currencies that “IC Markets Broker” is offering to you, and your commission and fee shall be decided upon selecting the specific currency pair for your trading.
If you want to open the AUD Base account then you need to look at the graph given below:
You should keep one thing in your mind, and that is, “If you want to enjoy no interest fees, then they have an Islamic account too. You can have the Islamic account on the cTrader account type.
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There are different leverage and margins for every account type, and they haven’t mentioned them anywhere, but there’s still good news. We have extracted the “Formula” for calculating the Leverage/Margins of IC Markets Broker:
Margin = trade size/account leverage
The customer service of “IC Markets Broker” is extremely great, and they are available to help you 24/7. You can send them an email, call (+61 (0)2 8014 4280) or live to chat with them to get your queries done.
Additionally, they have a help page where you can get “Different answers to different questions” related to your problem.
Are you satisfied with the above-given information regarding IC Markets? It’s time to open the account and get started with Forex trading.
Overall Rating
I've had nothing but positive experiences with the IC Market. And my withdrawals were always processed quickly. Among all brokers, I prefer it. The only item you can add to the list is some stocks. That would be a huge step forward.
I'm not a regular user of IC Market Trader, but it astounded me when I came across it. It offers a lot of cool features, such as different chart types, views, and illustrations, to name a few. I made the decision to go over this regularly.
I've had nothing but positive experiences with the IC Markets. And my withdrawals were always processed quickly. Among all brokers, I prefer it.
IC Market provides raw spreads without any hidden fees which means it really goes through 0.0 pips. That's why it won my trust.
To open the account, you don’t have to deal with the complications because it’s super easy to open it. Follow the steps given below, and you’re done:
That’s how simple it is to open an account, but the main question that comes up is “How to withdraw the profited money.” Scroll down to check the process!
To withdraw the money from your account, you need to log in to your account and then head toward the Withdrawal form. Following are the payment gateways you can use to withdraw your money:
Note* You need to execute the payment request in the business days otherwise; you’ll have to wait for the business days to come and process your money.
