IC Markets Review – Forex Trading

There are many forex brokers in the market for those that want to perform forex trading activities. The main question is which of those forex brokers can help use trade in the best possible way. One of the most popular forex trading services providers is IC Markets. 

In this IC Markets review, we will go through the main characteristics of IC Markets. We will share with you some of the main features of this platform and how you can start using it to perform your forex trading activities in an efficient and comfortable way. 

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What is IC Markets?

Before we start with IC Markets review, we should know what IC Markets is and how it is currently working. The company was founded in Australia back in 2007 and since that moment it has been offering forex trading services to users in different jurisdictions. 

IC Markets wants to create one of the best trading experiences in the forex market for institutional and retail clients alike. In this way, users will be able to focus 100% on their trading activities by leveraging superior spreads and execution services. 

The firm is also regulated by both the Cyprus Securities and Exchange Commission and by the Seychelles Financial Supervisory Authority. This makes the platform a safe financial services provider for users. 

Users can currently perform their trading activities in a fast and easy way with the platform and services offered by IC Markets. In this IC Markets review, we will also be sharing with you some of the PROS and CONS of this platform that will allow you to understand whether this is the platform you are looking for. 

The company is working with Mastercard, Visa, PayPal, Skrill and Neteller, allowing users to use the payment platforms they prefer the most. Deposits and withdrawals are going to be very fast and without commission. This would allow you to start trading in just a few minutes. 

IC Markets Review

Let’s move to IC Markets review. The firm has some of the lowest fees for Forex trading in the market. This is one of the main advantages of this platform. Users will be able to trade CFDs and forex instruments through the interface offered by IC Markets. 

If you want to create an account using IC Markets it will be very easy and fast. While other platforms require a confirmation from the company. Thus, you will have fast and easy access to a regulated platform to start trading forex and other financial instruments in just a few minutes.

Despite that, you will have to make a minimum deposit of $200 if you want to start performing forex trading activities using IC Markets services. However, the raw spreads start from 0 pips, which is very positive for expert traders that work with tight profit margins. 

This is among the best things for Forex traders. For example, the EURUSD average spread is 0.1 pip, one of the best in the world, according to the company. In addition to it, the platform has an average execution speed of under 40ms and low latency fibre optic and Equinix NY4 server.

The firm is currently offering 60 products for the forex market (60 trading pairs), 120 stocks, 5 different bonds, 23 indices and 19 commodities. This would make it easier for professional users to diversify their portfolio and continue with their trading strategies. Nonetheless, if you want to trade several products, there are other platforms with thousands of assets and instruments that would allow users to improve their trading pairs.  

Take into consideration that they are also allowing users to connect the platform to other powerful trading terminals. For example, users will have the possibility to trade in Windows, Mac, Android, Web Browser, iOS and using the MT4 and MT5 trading platforms. It is worth pointing out that cTrader is also available, meaning that users can easily improve their trading strategies by using other trading terminals. 

PROS

• Low fees compared to other platforms
• Regulated by financial agencies
• Operative since 2007
• Easy-to-use platform
• Low spread
• Fast deposits and withdrawals

CONS

• No investor protection
• Minimum Deposit $200

Conclusion

IC Markets is one of the best platforms for forex trading that users can find in the market right now. Although it does not offer a large number of instruments, the ones that they offer have a high quality. Indeed, their fees are among the lowest in the market and the spread is just 0.1 pip in the USDEUR trading pair.