IC MARKETS Review

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■ Foundation: IC Markets was founded in 2007

■ Headquarters: based in Seychelles

■ US Residents: IC Markets forbid US traders -NO-

■ European Residents: IC Markets forbid traders from Europe -NO-

■ Regulated: FSA of Seychelles (License Number SD018)

■ Client Account Segregation: YES

■ Web-Site Languages: English, Spanish, Chinese, French, German, Japanese, Italian

■ Customer Support: 24/5 via Phone, LiveChat, and eMail

 

IC MARKETS TRADING INFO SUMMARY

■ Broker Type: CFD Provider

■ Trading: Forex, Metals, Energies, Stock Indices, Digital Assets, and Futures

■ Platforms: MetaTrader-4, MetaTrader-5, cTrader, cAlgo, FIX/API

■ Trading Time Zone: GMT+3

■ Demo Account: -YES-

■ Min. Spread on EUR/USD: 0.0 pip plus $7/full traded lot trading commissions (RAW account type)

■ Leverage: Leverage up to 500:1

■ Scalping: is fully allowed –YES- (Free VPS under a policy, check below)

■ Minimum Account: $200 for MetaTrader and cTrader Accounts

» Visit IC MARKETS (No Traders from Europe)

 

TRADING ASSETS

IC Markets offers the following Financial Instruments:

■ 61 Forex pairs

■ 4 major metals

■ 12 Stock Equity Indices

■ 2 Energy assets (Brent and WTI)

■ 19 Cryptocurrency pairs

■ Futures Trading (No overnight charges)

IC MARKETS TRADING TERMS

These are the IC Markets spreads and trading commissions on the RAW account type:

■ IC Markets offer EURUSD at 0.0 pip typical spread, plus commissions $7/ full traded lot

■ IC Markets offer USDJPY at 0.1 pip typical spread, plus commissions $7/ full traded lot

■ IC Markets offer GBPUSD at 0.1 pip spread plus commissions $7/ full traded lot

■ Trading Leverage can be up to 500:1

 

IC MARKETS TRADING PLATFORMS

IC Markets provides the classic MT4 for PC, Mac plus cTrader.

■ MetaTrader-4

■ MetaTrader-5

■ cTrader

■ FIX/API

■ NY4 and LD5 IBX Equinix Data Centres (New York and London)

 

ICMarkets Free VPS (Virtual Private Server)

A VPS service allows traders to apply automated Forex Trading strategies 24/7, without having to maintain any hardware (PC, router, etc.). Clients of IC Markets preferably should use a VPS hosting in the ICMarkets co-located Equinix data center. Traders with a minimum monthly volume of 100 round lots can get a Free VPS from IC Markets. They can select their VPS service from the below providers:

1. Forex VPS (staff available 24hrs per day, VPS activation in only 20mins)
2. Commercial Network Services -CNS (Latency between CNS and IC Markets is less than 1 millisecond)
3. Beeks FX VPS (Beeks NY data center, ping from Beeks VPS to IC Markets NY4 servers is as low as 0.5 milliseconds)

 

IC MARKETS NEW ACCOUNT INFORMATION

IC MARKETS three (3) Account Types:

IC Markets offers three (3) account types. There is the Standard Account type for beginners with spreads as low as 1.3 pip without commissions, the RAW account type with 0.0 spreads and $7.0 commissions, and the cTrader account type. The minimum amount required to open a Standard, RAW, or cTrader account is 200 USD.

IC Markets Account Types	STANDARD	RAW	cTRADER
Minimum Deposit	200 $		200 $
Account Currencies	EUR, USD, GBP, AUD, JPY, CHF, NZD, SGD, HKD, CAD
Minimum Trade Size	0.01 Lot
Trading Commissions	No Commissions	$7 / rounded lot
Spreads (minimum)	1.3 pip (EURUSD)	0.0 pip	0.0 pip
Automated Trading, Scalping, and Hedging	YES
	► IC Markets Demo Accounts

 

IC Markets Fund Methods:

■ Wire transfers | ■ Credit Cards | ■ MoneyBookers Skrill | ■ WebMoney | ■ Neteller

 

IC MARKETS REVIEW PROS AND CONS (According to competition)

IC MARKETS REVIEW PROS & CONS
IC Markets Review PROS	IC Markets Review CONS
√ Tight spreads √ Fast order execution (NY4 and LD5 IBX Equinix Data Centres) √ 61 Forex Pairs and a wide asset index of other financial products √ Futures Trading √ Automated Trading, Scalping, Hedging, FIX/API √ Free VPS (minimum 100 round lots monthly) √ Good variety of Trading Platforms	X Not Allowing European Traders X No trading promotions X No ECN Trading

 

 

IC Markets Review Conclusions

Founded in 2007, IC Markets focuses on professional Forex traders and scalpers by offering a wide Forex asset index, tight spreads, and fast order execution. IC Markets is regulated by the FSA of Seychelles (License Number SD018) and provides account segregation via Tier-1 banks.

The broker offers a good variety of Forex assets (more than 60 pairs), 19 cryptocurrency pairs, metals, energies, and equity index trading. There are many trading platforms available including MT4, MT5, and cTrader. Automatic trading and Forex Scalping are fully allowed, plus there is a free VPS Hosting promotion for a minimum of 100 lots monthly volume. Note also that IC Markets offers Futures Trading, which means you can open specific positions in the market without overnight charges.

The trading spreads offered by IC Markets on the RAW and the cTrader account types are very tight, starting as low as 0.0 pips (EURUSD). On these two account types, IC Markets charges commissions of $7 / full traded lot. The standard account type offers spreads as low as 1.1 pip, without charging trading commissions. The minimum amount required to open a Standard, RAW, or cTrader account is just $200. There are quite a few fund methods available including cards, wire, skrill, WebMoney, and Neteller.

IC Markets is ideal for day trading and automated trading. The broker’s low latency on execution, tight spreads, and the onboard VPS hosting strengthen significantly the potential for scalping Forex successfully.

» Visit IC MARKETS (No Traders from Europe)

 

 

■ IC Markets Review