IC Markets
Reviews 4
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2.6
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icmarkets.com
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IC Markets successfully operates on the financial market Forex, providing favorable trading conditions for traders around the world.
Forex broker
Website
Social media
Date of foundation
2007
Head Office
Eden Plaza, Office 209, Eden Island, Mahe, Seychelles
The owner of the company
Raw Trading Ltd.
Types of support
Help Center
Feedback form on the site
Support by phone
+248-467-19-76International number
Languages
English, French, Spanish, Italian, German, Portuguese, Chinese, Vietnamese, Russian, etc.
Terminals
MetaTrader 4, MetaTrader 5, WebTrader, cTrader
Min. first deposit
From 200 USD
Broker fee
Up to $3.5 depending on the account
Lot volume
From 0.01
Leverage
To 1:500
Spreads
From 0 points
Free Demo Account
Adjustable
Yes
Regulators
FSANO. SD018
AFSL№ 335692
CySECNo. 362/18
Licenses
Licensed
FSA NO. SD018 (Active)
Types of accounts
Margin call / Stop out
100%/50%
Transaction volume
0.01 lot
Features of trade
Automated Trading
Execution of orders
Market Execution (at market price)
Methods of replenishment
FasaPay, Klarna, Neteller, PayPal, POLI, Rapidpay, Skrill, UnionPay, Bank transfer, transfer from a deposit with another broker, BPAY, Bank card (Visa/MC)
Withdrawal methods
FasaPay, Klarna, Neteller, PayPal, POLI, Rapidpay, Skrill, UnionPay, Bank transfer, transfer from a deposit with another broker, Bank card (Visa/MC)
Number of assets
90+
Types of assets
Currency pairs65+ currency pairs
StocksAccess to more than 100 large-cap stock CFDs on the ASX, NYSE and NASDAQ
IndexesAustralian S&P200, UK FTSE100, US E-mini S&P500 and Dow Jones etc.
CryptocurrencyBuy and sell the world's largest cryptocurrencies
FuturesIC Markets provides the opportunity to trade a variety of futures, including the dollar index and the CBOE VIX index
Raw materialsEnergy, agricultural commodities and metals in the form of CFD or currency pairs
BondsThe broker provides an opportunity to work with Japanese, European and American bonds
Account currencies
EUR, USD, Cryptocurrency, SGD, HKD, CAD, AUD, GBP
Liquidity providers
NAB, Westpac
Mobile Trading
Has mobile apps (iOS / Android)
Weekend trading
For cryptocurrencies
Tournaments / contests
No
Trader training
Video lessons, training courses, etc.
Contract Difference Commission
Yes
Swaps
Yes
PAMM trading
Multi Account Manager allows you to effectively manage client capital through convenient asset allocation methods and detailed reports capturing profitability and commissions
Analytics
Economic calendar, calculators, blog with market analytics
Margin Trading
Yes
Affiliate Program
RegistrationReferral Introducing Broker
Benefits
Reliability of the terminals
Advantageous trading conditions
Low discounts and useful services
Quality technical support
Instant order execution
Analytics and useful materials on the site
Disadvantages
Difficulty of registration and verification
Delayed withdrawal of earnings
Company requisites
Date of update
12.07.2022
Overall assessment
9.4/10
    More on this subject
    Address
    Eden Plaza, Office 209, Eden Island, Mahe, Seychelles

    IC Markets is it a scam? Reviews and description

    Published: 22 August 2017 Updated: July 12, 2022


    IC Markets operates in financial markets since 2007, successfully providing a full range of services to traders in 160 countries. The company was founded by a team of professional financiers, thanks to which the service of the platform is close to the most comfortable trading conditions. After 15 years of dynamic development, it is one of the largest providers in Australia in the field of currency market and CFD contracts.

    And yet, IC Markets - a divorce or a decent company, which is worth to look closely? Let's answer this question in a detailed review forex broker.

     

    Terms of trading with IC Markets

    IC Markets Project, providing trading conditions to its potential clients, positions itself as the largest operator of CFD forex, seeking satisfy completely all needs users. With their own benefits company considers low spreads in any market conditions, fast execution of orders, high technology, availability of scalping, hedging, Opportunity deposit deposits various currencies (10 types), convenient transaction volumes, Best quotes.

    IC Markets is a scam? Reviews

    Trading can be done on the most liquid and popular markets of the world with a large number of different assets. IC Markets offers high interbank liquidity in 60 currency pairs, access to the world stock markets due to CFD on world indices with full absence of commissions. Commodity trading will be of interest to traders with minimum costs and convenient volumes of transactions.

    Wide range of stocks (more than 10 CFD) of the most popular companies, bonds, allowing profitable trading on interest rate and global sentiment risk are also presented in wide range, cryptocurrencies, excellent line of futures. Such a high quality selection of trading instruments gives IC Markets the opportunity to expand the range of trading accounts provided to users. This is also facilitated by the company's True ECN model. It consists in a perfectly adjusted system of communication based on real trading conditions. The project presents several types of trading accounts:

    • Raw Spread (cTrader). CTrader is a type of trading platform. The commission for a turnover of 100 thousand dollars is only 3 dollars. Spread from 0 pips, the lowest among competitors. The minimum deposit is $200. The leverage is 1:500. It is the most preferable for traders and scalpers. They are the target audience. The programming language is C#. Liquidity pool is formed from 50 different providers. Even in case of high volatility all users are provided with liquidity, so there is no need to increase the spread.
    • Raw Spread. It is interesting to speculators with its minimum spread, which starts from 0 pips. MT4 and MT5 are used as a trading platform. The delay in order execution is minimal due to the close location to the quotation providers. The starting deposit here is also $200. The leverage is 1:500. MQL4 is used as programming language. This account type is useful for scalpers and traders using Expert Advisors. The advantages of the Raw Pricing system are clearly seen here, where speculators can reach a very high level of liquidity and trade without requotes.
    • Standard. Maximum speed of execution of orders. No commissions. Spread starting from 1 point. The starting deposit is equal to $200. The leverage 1:500. As a trading platform Metatrader has been used. MQL4 as programming language.
    • Islamic account. No swaps. The size of leverage is the same. In similar accounts, you can use Raw Spread and "Standard" on MT4, MT5 and cTrader platforms without swaps.

    IS Markets brokerage accounts
    Before you open a real account, you can try your hand at a demo account, practicing risk-free trading. The broker kindly provides such an opportunity. Quite interestingly presented investment service. It is possible to copy trades of successful traders without installing additional software. There is also ZuluTrade social trading platform which allows you to receive signals from successful traders from almost 200 countries around the world.
    Daily analytical reviews of the company's specialists can be found in the corresponding section. Here you can get acquainted with the detailed technical analysis of the most demanded by speculators assets and make your own decision about entering or leaving the market.

    The training section of the site is well represented by the project's developers. The subsection "For Beginners" provides information about the Forex market, types of analysis, and the basics of trading in an accessible language for beginners. The subsection describing the advantages of the foreign exchange market describes the concept of margin and its importance. The notions of liquidity and volatility are briefly described. The advantages of CFD trading are described further in the next subsection. Available video tutorials help to understand the basic concepts of Forex. Not only newbies, but also experienced traders can derive useful information from them. Moreover, in the training section of the site icmarkets.com everyone can take the basic course of 10 video lessons.

     

    IS Markets trading platform

    A trading terminal is a software package, с via which any brokerage company provides speculators have access to the financial market. Exactly him The trading community owes it to the fact that trading has become widely available. For profitable trading follows learn as much as possible effectively use features trading terminal. The IC Markets project takes into account all needs their customers and offers them on choice several options trading platforms.

    MetaTrader 4. This is verified time platform, relevant all-in-one principle. Simplicity usesThe interface is intuitive even for a newcomer. These are not all the advantages of MT4, descended popularity in the trader's environment. MT4 is not just trading terminal, and peculiar community in which innovation and cutting-edge technologies always at the service of anyone client.

    Since the broker cooperates with many suppliers of new technologies, the MT4 terminal provided by the broker for trading can be called a new generation software package. It is used when trading on the standard account type and on Raw Spread. The difference between the Metatrader IC Markets and the regular MT4 is in offering clients better trading conditions, because using the Raw Pricing system, users get more favorable asset rates. Moreover, the company's server, namely its location in New York provides a huge number of financial service providers. Therefore, the delay in the execution of client orders is minimized to the limit. Scalpers and fans of automatic trading feel most comfortable.

    IC Markets MetaTrader 4 platform

    MetaTrader 5. An improved version of MT4, in which present Everything traders need. Terminal equipped with new functional featuresmaking trading more comfortable. The charting technology is more advanced. In combination with trade order management tools it is more convenient for speculators monitor open positions. MT5 can be used on Standard and Raw Spread accounts. Metatrader 5 of IC Markets broker from the standard terminal version 5 different lower spreads and best trading conditions.

    IS Markets MetaTrader 5 platform

    WebTrader. It is a web-based platform. Its simplicity and ease of use require no download at all. The Raw Pricing system helps to implement trading wherever there is an internet connection. The advantages of the web version are the same as MT4, MT5. It supports all major browsers.

    cTrader. Developed by Spotwar specifically for ECN brokers. Over time, the platform has become handy not only for trading forex instruments, but also CFDs with several asset classes. A couple of hundred new features have been added here in recent years. The terminal differs significantly from Metatrader, making it a competitor. The interface looks different, but it is even simpler than in MT. The spread has an extra narrow size.

    When trading the most popular asset EUR/USD, you can notice that in some sessions its value is zero. On this platform it is possible to process several orders simultaneously. The platform is ideal for scalpers and followers of automatic trading. cTrader Web is a web application for trading on the Raw Spread model. There is no need to download and install it. Similar to its computer version in many ways. Supports all major browsers. The variety of trading platforms is one of the undoubted advantages of IC Markets.

    icmarkets.com platform withTrade

    Quotes

    It is news to most new traders that market supply and demand are the basis for the formation of quotations. Prices are determined by the most important market participants - market makers. They cooperate with the brokerage companies, providing them with the information about quotations and making good profit from it. Brokers, in their turn, make up the quotations, laying down their interest and provide them to traders.

    The relevance and timeliness of prices is extremely important to traders. Critical decisions to buy or sell are sometimes dependent on a few pips. Especially the setting of stop loss and take profit limit orders depends on the values of the quotes. As IC Markets works with more than 25 quotation providers, there is no need for users to make them too tight for them. This ensures favorable spreads on all trading platforms without exception.

     

    IC Markets Demo Account

    The virtual account is identical to the real one. Demo trading is practically no different from real trading. All market quotes on a demo account correspond to their real values. The client can check the conditions offered by the broker for trading without fear of losing their funds. In the process of virtual trading, you can choose the most comfortable set of trading instruments, test margin trading strategies.

    IC Markets offers demo accounts on all of its platforms: MetaTrader 4 and 5, as well as cTrader. Using demo accounts, the platforms are mastered without any risk. Everything is feasible here, including the super-fast execution of orders and Raw Spread quotes without requoting. If you want, you can use a demo account to try out any Expert Advisor and then use it in real trading.

     

    Mobile application

    The benefits of a mobile app are obvious. Smartphone and tablet users spend the lion's share of their time in apps and use them for online shopping. And this is no coincidence, because mobile apps are more convenient than mobile sites. Downloading is faster, user settings are saved, and there is no need to load all the content in a browser.

    IC Markets mobile platform

    IC Markets for iPhone and iPad makes both Metatrader platforms (4 and 5) available. The apps help implement trading from anywhere in the world, are easy to access the data you need, and give you the ability to trade while on the go anytime, anywhere. There are many useful features, and the appearance can be changed by turning the screen.

    If desired, any asset chart can be set up without problems, and trades are actually done in a single click. The speed of execution and quality do not suffer from this. All execution modes are supported. More than 30 technical indicators have their own settings. The entire history of trading operations is saved. Free app downloads are available from the Apple App Store.

    In addition to both versions of Metatrader, the project provides the same opportunity for cTrader. All the best features for trading in the financial market are available here. The highest execution speed for iOS and Android. The functionality is simple, all the transitions are intuitive even for beginners. There is a special interface for split-screen tablets.

     

    Bonuses at icmarkets.com

    Any broker develops its bonus program solely for the purpose of increasing the user audience. The variety of rewards promises to attract more clients. Strangely enough, but bonuses and promotions are absent in company IC Markets. The developers of the project believe that one of the best rewards for the user is a high quality of the services provided. Registering on the site icmarkets.com, any user begins cooperation with a professional broker, not a representative of the forex kitchen. The minimum amount of commission can also be considered as a bonus. Thus, when making a deposit of more than $5 thousand, the broker reduces it from $7 to $5.5 per lot.

    Affiliate Program

    The broker previously offered various types of partnerships to active users, at the time of updating the review, only one option was offered:

    • Introducing broker. Under this program, a partner receives a commission for attracted clients. The amount of commission depends on the trading volume of the attracted users. The commission is paid to the trading account of the partner. The full tracking system is applied. Professional introducing brokers get additional income due to spread or commission surcharges. Such partners have more than 10 clients who are provided with additional services. This type of cooperation is acceptable for investment consultants, advisor developers, website owners. It is possible to become a participant of the program by registering on the site in the corresponding section.

    icmarkets.com affiliate program

     

    Deposit and withdrawal

    IC Markets offers different deposit and withdrawal methods. In order to deposit the account, you need to go through the registration procedure at the broker, deposit the amount, choosing a convenient way to transfer funds:

    IS Markets account replenishment

    The account is opened in several currencies to choose from. Replenishment occurs instantly. Withdrawals are only possible on payment systemsfrom which the account was replenished.

     

    Complaints against IC Markets

    There are different reviews of IS Markets on the web, which largely indicates that traders are interested in finding the best conditions, trying to trade on its platform. At the moment, we note that there are more positive reviews concerning the reliability of the work, withdrawal without problems, favorable trading conditions, low spreads, a lot of useful services, quality work of technical support, instant execution (one of the fastest in the forex market), availability of analytics, useful material on the site (the whole truth about forex)Traders note that the broker is ideal for beginners, scalpers and lovers of advisors.

    ic markets reviews

    There are also negative moments (there are a lot of similar and identical negative feedbacks, which suggest an obvious "ordered" spam), most of which refer to the following problems: complicated registration procedure, money withdrawal (delays, refusals without explanation), work with the terminal (slippage when opening, closing and modifying orders, requotes, service hang-ups). To avoid negativity while working with the broker, we recommend to verify the account in full, to specify the peculiarities of bonuses usage and funds withdrawal procedure by the personal manager.

    If there are any complaints about IC Markets, we will be sure to publish information on social media. Sign up to stay up to date.

    Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

     

    Broker regulator

    The international currency market is part of the global financial system and the main principle here is the free conversion of money without government intervention. However, the rules and obligations at Forex still exist. Most traders cannot trade by themselves and look for intermediary brokers.

    Cases of unscrupulous brokerage companies are not uncommon. Therefore, regulators are called to control the quality of intermediaries' work. In turn, any reputable regulator is subject to mandatory certification. Each licensed company, controlling the activity of brokers, always places their list on its website. IC Markets company has several regulators:

    • First of all, it is regulated by the Seychelles Financial Services Authority (FSA) with a securities dealer license number: SD018. The regulator was established in 2013 and is designed to assist the state in creating a favorable environment for the growth and development of the financial services industry.
    • There is regulation by the Australian Securities and Investment Commission (ASIC, #335692).
    • The brand is also registered with CySEC under number 362/18.

    ASIC is considered a very reputable organization and many foreign companies not only want to get a license at the local level, but also seek to pass the test of the ASIC Commission. Therefore, the requirements for applicants for a license have increased manifold.

    icmarkets.com User Agreement

    The client agreement or user agreement is one of the most significant documents of any broker. Before concluding a cooperation agreement between a broker and a trader, the latter must familiarize himself with it. IC Markets at the beginning of the document referred to as "Terms and Conditions" notifies the user that it is a registered company with the name Raw Trading Ltd regulated by the Seychelles Financial Services Authority with a securities dealer license number: SD018. Any information provided by the company to the client is purely advisory in nature and should not be considered as a guide to action.
    IC Markets data on posted information
    Offering the user different types of accounts, the broker reserves the right to convert the selected account type to another, depending on the level of knowledge and experience of the client's trading.

    IS Markets account conversion
    All telephone conversations with company representatives are recorded. The recordings can be used to evaluate the performance or training of the broker's employees, monitor compliance with relevant regulatory and contractual obligations, and resolve disputes.
    icmarkets.com recording conversations with traders

     

    IC Markets is a scam?

    IC Markets is the largest successful forex broker, working with traders around the world for 15 years, offering quality service and favorable trading conditions. At the same time, there are more positive reviews of Russian-speaking traders in the network, which increases confidence in the company. To a large extent, all this indicates that we are not a one-day broker. Negative reviews exist, but still there are less of them, some of these comments resemble "made to order" spam.

    We consider as positive the provision of popular Metatrader 4 platform for trading, own mobile applications, impressive and unique IC Markets True ECN service, distinguished by fast execution technology, low spreads, interbank liquidity. By setting as one of its goals the search and development of unique qualitative service and successfully realizing it (which in many respects can be proved by positive traders' reviews), the broker demonstrates its serious intentions, desire to take leading positions, to differ from competitors.

    The official website of the company is worth considering separately. There is its Russian version, which makes it convenient for Russian-speaking traders to get acquainted with the features of the system. The site is very simple, clear, but the small print complicates the perception of the material. The resource contains information on liquidity providers, trading conditions, available accounts, analytical and training materials - all this shows a well-thought-out policy of working with the user, which is clearly unavailable to fraudulent sites.

    The company has a license, traders can contact technical support, use analytics (news, trading calendar, calculator, market analysis) and trade much more profitable. As for the ways of communication, their list is limited: you can call only the office located in Australia, the broker has no representative office in Russia. In addition, the company has no information about current bonuses on its website, which, however, does not prevent traders from working at the site and receiving real income.

    Should IC Markets be considered a kitchen, a scam? Today we will answer: no. 17 years of successful work with traders around the world, providing a unique and high-quality service, positive reviews on the Internet prove this. And yet, in order to avoid problems with the broker, work correctly with your personal manager, clarifying with him the necessary information about the rules of the withdrawal procedure.

     

    Conclusion

    Trade Forex broker IC Markets has been successfully working in the financial market for 15 years, being considered an industry leader. Providing unique service (for example, the price chart, built-in spread monitoring, "ladder" trading), reliable terminals, favorable trading conditions (tight spreads, the ability to work with several currencies, the minimum deposit size, fast execution of orders), the company certainly attracts the attention of traders.

    A large number of positive reviews about working with a broker also allows you to trust him. The informative official website of IC Markets, the variety of ways to deposit and withdraw funds, the availability of a license, ample opportunities for training - all this characterizes the company positively. Separately, it is worth noting the IC Markets True ECN service, which is designed to make trading transparent and simple. IC Markets has been quite successful over 15 years of operation, proving stability and reliability, so we will not rate it as a fraudulent company. However, the feedback from traders that we are waiting for this review can not only change the ratings of the broker, but also warn against possible problems for market players.

    Trading tools and assets
    50%
    Withdrawal speed
    55%
    Broker fee
    55%
    Technical support
    50%
    2.6

    Отзывы

    • Here is the only and very significant...

      Here is the only and very significant disadvantage of the broker — the absence of a welcome bonus and bonuses on the deposit in general. Bonuses are our everything! There are no bonuses here, I hope they will appear in the near future. I gave 4 for the service and quality — there is a lot to strive for and work in the right direction.

      Reply to this review
      4.3
    • They zeroed out my account, on which...

      They zeroed out my account, on which there were open locked positions. They all closed at the same time by drawing a stop out on the locked margin. Definitely run! No response to the claim sent to the mail.

      Reply to this review
      1
    • I was scammed out of a $23,000...

      I was scammed out of a $23,000 deposit. Scammers. I was contacted by a fraud broker, gave me instructions on how to work with ICMarkets. All trades were profitable, I was promoted to a deposit of 23000, the profit for the month was 200 thousand dollars. At first I withdrew 1000 dollars three times. When I decided to withdraw 4000doll, I was blocked and started to extort 10000 dollars to unblock it within 7 days or the money will disappear irrevocably. Do not be fooled, be careful. They are psychologists who are zombifying you into betting more and more.

      Reply to this review
      1
    • I can't get my $200 on the...

      I can’t get my $200 on the card I deposited two weeks ago

      Reply to this review
      4.3
      • Resad Qurbanov 7 June 2020 at 01:18

        They do not have a withdrawal to the card ))) that's a scam)

      • make 30 October 2020 at 16:39

        Did you get the $200? You're a normal broker, aren't you?

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