IC MERKETS Review
IC Markets is the top-notch choice regarding the forex broker where you can trade any product. Before you invest your hard-earned, you should know about whom you are dealing with. We are here with our IC Markets review to let you know everything about the IC Market. The Markets offer attractive pricing of the trade. IC Markets minimum deposit is so affordable that traders with a small budget can also trade with them.
The broker provides a well-resourced forex trading platforms with the updated trading facilities. We will give you the information about the trading product, platform, account details, and pricing outline of this brokerage so that you can find out if this broker goes with your requirements.
Pros / Cons
- 200+ tradable assets
- Choose between 4 trading platforms
- Competitive spread pricing on raw account
- High spreads on the standard account
- A range of possible additional fees
- USD $200 minimum opening balance
The experts in their IC Markets review have given several reasons to trade with this best forex broker. Such as:
- 100% transparent trading
- The market offers a low spread in all trading conditions.
- Ensures fast trade execution
- Employs superior quality technology and trading tool to ensure users’ satisfaction in every possible way.
- Provides excellent trading platforms
- Good variation in the trading account (like raw spread account, standard account, IC Markets demo account, Islamic account, etc.)
- Provides praise-worthy customer service throughout 24 hours all the five days
IC Markets offer raw pricing on an extensive amount of trading products through all the accounts. Mainly they provide 1. raw spread account and 2. standard account.
Raw spread account
The account offers ten base currencies, i.e., USD, EUR, AUD, NZD, GBP, SGD, JPY, CHF, HKD, CAD. The IC Markets MT4, MT5, and cTrader platform support the raw spread account.
Such an account offers the lowest possible spread ( like EUR/USD average spread – 0.1 pips). Experts IC Markets review say the deep liquidity and fast execution of this account’s trade help the day traders and scalpers win the trade. The account offers up to 1:500 leverage.
You can deposit money using credit/debit card, Neteller, Skrill, Neteller, wire transfer, ssBpay, etc. the trade size (lot) is flexible enough. You can afford the trade as per your fund. You can trade with 0.01 lot (one micro lot) too. Such flexibility in lot size minimizes the trade risk.
You will experience ultra-fast trading speed using the standard account. This account charges no commission on the trade. Traders can open the Individual, corporate, or joint account as per their needs. The IC Markets MT4 and MT5 platform support the standard account.
Both raw spread and standard accounts offer the swap-free account. Believers of Islamic shariah have religious permission to use such Islamic accounts. The account provides 1:500 leverage at best. The IC Markets MT4, MT5, and cTrader platform support the Islamic account.
IC Markets demo account
The demo account is the medium to learn how to trade in the forex market. You use fake money, so there is nothing to lose indeed. Opening an IC Markets demo account is pretty simple. Just fill-up the required information and submit then get your report free. Using the IC Markets demo account, you can experiment with trading and learn different trading strategies free of cost.
Once you are ready to trade in the market, open the IC Markets live account. Opening the live account takes a much short time. You will receive immediate funding right after opening the IC Markets live account. You can enjoy trading around 200 products by running the trade from a live account.
IC Markets offer Micro accounts and Islamic accounts too. The account opening is wholly digital and hassle-free. The traders can trade around 64 currencies on applying standard commission on the trade. They don’t have any hidden trade charges. All types of accounts are equally compatible and ensure the best user experience.
IC Markets Trading Platform
You can trade using MT4, MT5, and cTrader platforms. Access the platforms from any web browser. Both android and ios support the platforms. The platforms have a user-friendly interface and are available in different languages. You can access the market using the web, desktop, or mobile application.
In our IC Markets review, experts say, IC Markets trading platform comes with fair trade analyzing tools and educational resources. You will find different charting tools, forex calculator on their website. They provide educational writing and blog on forex, CFD trading to clear the trader’s concept. Video tutorial and web TV are their notable media to help the traders.
IC Markets Pricing Overview
The minimum trade changes with the variation in forex account types. IC Markets leverage is different for a different product. The market offers varieties of forex products in seven different categories. The trading instruments are Forex CFD, Crypto CFD ,Indices CFD, Commodities CFD, Stocks CFD, Bonds CFD,
The spread differs from varying the account. All accounts offer the lowest possible spread. You can choose between spread only and commission inclusive trade depending on the trade. The market offers a low trading charge. And there is no charge of inactivation.
Withdrawal and deposit don’t require a charge(except the international bank withdrawal). The methods are relatively easy too. You can transfer money through credit/debit card, bank transfer, and electronic wallet, whichever would be convenient for you.
IC Markets Bonus
Unfortunately, the market doesn’t offer a bonus in trading. Despite the IC Markets bonus, the trade is always a win for the trader. So trading without a reward in the IC Markets is not that bad.
You need to know some common trading strategies to run the smooth trading irrespective of the forex broker.
IC Markets would be an excellent choice for trading forex with low fees and spread. IC Markets minimum deposit let the trader with small fund experience the trading. We expect you to use your money in the best possible way to receive maximum profit. We hope our IC Markets review will help you to make your choice of best forex broker.