IC Markets Review 2023
Forex brokers are similar to air in your trading life; the cleaner it is, the better it is for your trading health. Even expert Forex traders are unable to open accounts with multiple Forex brokers and evaluate them one by one, nor are they interested in it. As a result, for traders, our research team of experienced Forex traders is dedicated to rigorously evaluating Forex brokers. Check out our detailed IC Markets review in 2023!
LIGHTNING FAST EXECUTION
TRUE ECN/STP BROKER
ADVANCED TRADING TOOLS
Why IC Markets is the best ECN/STP Forex broker in 2023?
IC Markets is Regulated by ASIC (Australia) ACN 123 289 109
Lightning Fast Order Execution – IC Markets has servers in the NY4 & LD5 IBX data centres.
A True ECN/STP Forex Broker.
Excellent Online Reputation – 3.7/5 Rating & 342 Reviews at ForexPeaceArmy and 9/10 Rating & 404 Reviews at Trustpilot.
Excellent Trading Conditions – Spread starting from 0 Pips, Low Swap Charges, No Requotes, and Low Slippage.
Lightning fast order Execution Speed from 40 ms to 120 ms.
Fund Security by Segregation of Clients Account with reputed National Australia Bank (NAB) & Westpac Banking Corporation, Australia.
Member of Financial Ombudsman Service (FOS), an external dispute handling body.
Offers Value Added Trading Tools for Traders – Advanced Trader Tools, EA Lab Trade View, MAM/PAMM, Myfxbook Autotrade, ZuluTrade, FIX API Trading, Market Analysis, VPS (Virtual Private Servers), Free online Educational Tutorial.
FIX API trading option for Institutional and Veteran Forex Traders.
24/5 professionally trained Live Chat Support.
Best suitable for Beginners, Experienced and Institutional Traders.
51 Reasons to start trading with IC Markets?
SECURITY OF FUNDS
Formal Name
IC Markets – International Capital Markets Pty Ltd
Headquarters
Australia | Level 6 309 Kent Street | Sydney | NSW 2000
Operating Since
2007
Regulation & License
Owner
Andrew Budzinski
Financial Ombudsman Service (FOS)
Bank
National Australia Bank (NAB) | Westpac Banking Corporation, Australia.
Segregated Client Accounts
Yes
Insurance by
Online Reputation
ForexPeaceArmy – 3.7/5 Rating & 1692 Reviews | Trustpilot – 4.8/5 Rating & 16073 Reviews.
TRADING CONDITIONS
Trading Volume
486 Billion USD
Spread
EURUSD – 0.1 Pips | EURGBP – 0.4 Pips | GBPJPY – 0.8 Pips | Gold (XAUUSD) – 12 Pips
Leverage
Up to 1:500
Order Execution Speed
40 ms to 120 ms (Servers in the NY4 & LD5 IBX data centres)
ECN Commission
$7 (100K Round Turn)
Transaction Cost of 100K Trade
$8 to $11 (EURUSD)
Overnight Swap Charges for 100K
EURUSD – Long ($ -7.8) | Short ($ 5.8)
Margin Call | Stop out
Margin Call at 100% | Stop out level at 50%
Slippage
< 10 Pips (during normal market hours)
Requotes
No
Scalping | Hedging | EA Trading
Allowed
FIFO Rule
No
Order Execution
ECN/STP Execution | No Dealing Desk (NDD) | Direct Markets Access (DMA) | Market Execution
Max. Lot Size
200 Lots
Max. Number of Orders
200 Orders
Margin on Hedged Positions
0%
Average Weekend Gap (EURUSD)
8.4 Pips
FIX API Trading
Available
TRADING PLATFORM & INSTRUMENTS
Trading Platforms
MT4 Desktop, MT4 Mac, MT5 Desktop, Webtrader, MT4 Mobile (iOS & Android), cTrader, cTrader Web, cTrader cAlgo, cTrader Mobile
Range of Markets ↓
Number of Trading Instruments
Forex
57
Indices
15
Commodities
2
Cryptocurrencies
Bitcoin | Bitcoin Cash | Ethereum | Dash | Litecoin | Ripple
Precious Metals
Gold | Silver | Platinum | Palladium
Energies
Oil and Gas
Soft Commodities
Coffee | Cocoa | Sugar | Cotton | Orange Juice | Corn | Soybean | Wheat
Stocks
120
Futures
12
Bond Futures
18
DEPOSIT & WITHDRAWAL
Min. Deposit
200 USD or equivalent in other currencies.
Account Currencies
USD | EUR | AUD | GBP | JPY | CAD | SGD | HKD | NZD | CHF
Deposit and Withdrawal Methods
Visa & Master Card | Bank Wire Transfer | Skrill | Neteller | Paypal | Other Local Funding Methods (Outside Australia) | Fasapay | Poli | Bpay | China Union Pay | Qiwi | Broker to Broker Transfer | Thai Internet Banking | Bitcoin Wallet | Webmoney.
Deposit Fee
Zero
Withdrawal Fee
Depends on Withdrawal Method
Withdrawal Time
Instant to 48 hours (depends on withdrawal method)
OTHER IMPORTANT FEATURES
Smart Trader’s Tools
Advanced Trader Tools | EA Lab Trade View | MAM/PAMM, Myfxbook Autotrade | ZuluTrade | FIX API Trading | Market Analysis | VPS (Virtual Private Servers) | Free online Educational Tutorial
Live Chat Support
24*5 Professionally trained Live Chat Support
Support Languages
English | Greek | Chinese | Spanish | Romanian | Russian | French
Islamic Account
Yes
Accepts US Clients
No
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Happy Trading!!
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