IC Markets is an Australian online broker that currently has great growth worldwide. It is listed as a Forex (Forex Market) and CFDs broker mainly although it can also be traded with indices and commodities.
The cover letter of this broker is “TRUE ECN” which means that all its accounts operate directly on the market distancing itself in this sense from other brokers of the Market Maker type. IC Markets is regulated by the ASIC (Australian Securities and Investments Commission) and in Europe by the CySEC (Cyprus Securities and Exchange Commission) in order to meet the strictest financial standards. It should be noted that with IC Markets you can trade on the Metatrader 4, MetaTrader 5 and cTrader Platforms.
IC Markets Platforms
IC Markets has various trading platforms that cover all the investor’s needs. On the one hand we have the well-known Metatrader 4 platform in versions for PC, Mac, Android or iPhone. The powerful Ctrader investment platform is also available for those investors more used to the latter.
IC Markets allows robots to be used to operate on any of its platforms, so Metatrader EAs (Expert Advisors) can be used to operate as high-frequency trading. It is noteworthy that IC Markets allows Scalping and to guarantee the high speed of operations, it connects to more than 50 banks that offer immediate liquidity.
The IC Markets server over MetaTrader 4 is located in the Equinix NY4 data center in New York and offers a latency of less than 1 millisecond against the main Metatrader 4 VPS on the market.
MAM and PAMM accounts can be used to manage multiple accounts, including automatic trading with robots.
Additionally it also offers MetaTrader 5 and the fast cTrader.
IC Markets Reliability
IC Markets is a reliable Australian broker, and executes thousands of transactions every day. The company is licensed and regulated by the Australian Securities and Investments Commission ( ASIC ).
The funds of the clients of this broker are in segregated accounts in Westpac and National Australia Bank (NAB) in order to guarantee the availability of the money.
In Europe it is regulated by the CySEC (Cyprus Securities and Exchange Commission) through the company IC Markets (EU) Ltd: License number 362/18.
IC Markets commissions
Due to the orientation of this online broker to do high frequency ECN trading, both Spreads and commissions are very low, reaching 0.0 pips depending on the type of account. This is especially advantageous for traders who are scalping and / or using high leverage.
IC Markets Demo account
With IC Markets you can learn to invest thanks to its Free Demo Account with which you can familiarize yourself with the investment platform without risking your money without a time limit.
IC Markets Main features
|Online broker type||Forex and CFDs broker|
|License and regulation||yes|
|Available instruments||60 Forex currency pairs. Cryptocurrencies. CFDs on 17 stock indices, raw materials and stocks. Futures. Bonds issued by governments around the world.|
|Platforms available||cTrader, MetaTrader 4, MetaTrader 5, Webtrader (MT4, MT5 and cTrader), Mobile Versions (MT4, MT5 and cTrader)|
|Initial minimum deposit||$ 200|
Spreads from 0 pips. Real interbank liquidity (up to 50 sources). Ideal for high volumes, scalping and robots.