At IC Markets, you can trade in forex, cryptocurrencies, and contracts for difference. The contracs for difference can give you exposure to indices, commodities, futures, and more. The focus is on forex and cryptocurrencies, and a majority of the tradable assets are curency pairs.
Examples of cryptocurrencies that you can trade in here through CFD are BTC, XRP, BCH, LTC, ETH, PPC, NMC, EMC, and EOS.
IC Markets is owned and operated by International Capital Markets PTY, a company based in Sydney, Australia and regulated by the Australian Securities and Investments Commission (ASIC). They have held an ASIC license since 2009, and ASIC is known to be a stringent licenser with high requirements for their license holders.
Short facts about IC Markets
- Minimum deposit: 200 USD
- Minimum trade size: 0.01 lots
- Demo account available: Yes
- MT4 integration: Yes
- Mobile apps: Yes, for Android, iOS an Windows Mobile
- Auto trading: Yes, via EQUINIX NY 4
- Trade signals: Yes, via Robot Feature
- Islamic account: Yes
When you have an account with IC Markets, you can use three different platforms: MT4, MT5 and CTrader.
Meta Tader 4 (MT4) is a very common platform, so you might already be familiar with it if you have traded online before. It is an extensive platform with a wide range of tools, services and educational assets available.
You can download MT4 to your computer or use the web-browser based version of the platform.
MT4 mobile apps are available for Androi and iOS.
MetaTrader 5 (MT5) is the most recent platform in the Meta Trader series. It is similar to MT4, but with upgrades and expansions.
This trading platform was built for the ECN trading environment.
Available for web-browser trading and mobile device trading.
Support for automated trading through ZuluTrade, Myfxbook’s AutoTrade and Signal Trader’s mirroring technology.
IC Marekts offer three different real-money trading accounts:
- True ECN, with slightly lower spreads
- cTrader ECN
Can I get a demo account?
Yes, a play-money demo account is available.
Highest possible leverage here is 500:1, but exactly what you will be offered depends on various factors, including the asset type.
The customer support is only open five days a week, but during that time, it is open around the clock.
You can call, send an email or use the live chat.
Deposits can be made in ten different currencies: USD, EUR, GBP, CHF, AUD, NZD, CAD, JPY, SGD, and HKD.
Examples of accepted transaction methods are VISA, MasterCard, bank wire transfer, broker to broker transfer, PayPal, Neteller, Skrill, Bpay deposit, WebMoney, FasaPay, China Union Pay, and QIWI.
There are no withdrawal fees for domestic withdrawals and with e-wallets. International withdrawals have a 20 AUD fee.
- The average spread on EUR/USD is just 0.1 here. This has made IC Markets a popular choice among high frequency tradres.
- Traders in the United States and Canda can not use IC Markets.