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
IC Markets – International Capital Markets Pty Ltd
Australia | Level 6 309 Kent Street | Sydney | NSW 2000
Regulation & License
Financial Ombudsman Service (FOS)
National Australia Bank (NAB) | Westpac Banking Corporation, Australia.
Segregated Client Accounts
ForexPeaceArmy – 3.7/5 Rating & 1692 Reviews | Trustpilot – 4.8/5 Rating & 16073 Reviews.
486 Billion USD
EURUSD – 0.1 Pips | EURGBP – 0.4 Pips | GBPJPY – 0.8 Pips | Gold (XAUUSD) – 12 Pips
Up to 1:500
Order Execution Speed
40 ms to 120 ms (Servers in the NY4 & LD5 IBX data centres)
$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%
< 10 Pips (during normal market hours)
Scalping | Hedging | EA Trading
ECN/STP Execution | No Dealing Desk (NDD) | Direct Markets Access (DMA) | Market Execution
Max. Lot Size
Max. Number of Orders
Margin on Hedged Positions
Average Weekend Gap (EURUSD)
FIX API Trading
TRADING PLATFORM & INSTRUMENTS
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
Bitcoin | Bitcoin Cash | Ethereum | Dash | Litecoin | Ripple
Gold | Silver | Platinum | Palladium
Oil and Gas
Coffee | Cocoa | Sugar | Cotton | Orange Juice | Corn | Soybean | Wheat
DEPOSIT & WITHDRAWAL
200 USD or equivalent in other 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.
Depends on Withdrawal Method
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
English | Greek | Chinese | Spanish | Romanian | Russian | French
Accepts US Clients
If you enjoyed IC Markets review and it helped you in understanding their unique features, we’d be very grateful if you’d help to spread it by emailing this review to your friends or fellow Forex traders, or sharing it on Twitter or Facebook to create awareness about freedom, flexibility and earning opportunities with IC Markets Australia in 2023. Thank you.
Spread the word