Both brokers segregate client deposits and implement negative balance protection. IC Markets offers 24/7 customer support via a range of contact methods. Local customer support is available from their Sydney office at Level Kent Street Sydney, NSW 2000. CFD traders can reach them through different channels like email, Skype or by phone. Their Sydney response time is within 15 minutes based on our enquiries with the most complex issues solved within a day.

ICMarkets forex broker

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IC Markets Broker Review

Our order matching engine located in the New York Equinix NY4 data centre processes over 500,000 trades per day with over two thirds of all trades coming from automated trading systems. IC Markets operates in 200 countries around the world. Its +200,000 active traders take advantage of IC Markets’ competitive pricing, low spreads and ultra-fast institutional grade trading, totaling USD$1.11 trillion in volume traded . IC Markets use among the best platforms that help in enhancing the trading experience of its respective clients. The platforms are the Ctrader platform and the Meta trader platform. The customer support service is very bad, because they were answering for a long time.

You will pay no commissions and get a low spread here. For example, the NASDAQ indices are available from 2.0 points minimum spread. IC Markets is regulated by the ASIC , FSA , and CySEC . It is an independent institution of the state government agency. Customer money transactions are conducted by National Australia Bank and Westpac Banking Corporation . These are both top international banks that have high liquidity. In addition, IC Markets uses external and independent auditors who control the broker.

  • Beginner traders will benefit from IC Markets’ exceptional customer support, available 24/7 to help with any account or technical queries.
  • These are both top international banks that have high liquidity.
  • He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.
  • The staff will answer any queries from the clients apart from occasionally offering advisory services on the product to the clients.
  • The website also directly recognizes the broker’s liquidity providers.
  • Needs to review the security of your connection before proceeding.

This must be a new trader with no experience using ECN brokers, very sad that they are allowed to post. I have a good experience with IC Markets, their spreads, service and execution speeds are the best in the market, nothing negative to say. My personal account manager always calls me at least 1 time each month to check on my trading and see how I am, this is the best service I have had from any broker. I just wished they had a webtrader that’s the only negative. For more experienced clients who like to trade with the order book or liquidity, CTrader is offered. It should be noted that both trading platforms are available free of charge and you do not have to pay any account maintenance fees. Through CTrader you get insight directly into the market liquidity without intermediaries.

While the True ECN account or Raw Account allows micro lot trading from 0.01 size, deep institutional grade liquidity, ECN spreads from 0 pips and a commission of 3.50$ per 100k traded available at MT4 also. The IC Markets MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. IC Markets Trading servers are located at the Equinix data centers in New York and London also known as home of multiple exchanges and trading platforms.

Traders Reviews

Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. During the Corona volatility, one Monday morning, on the Asia session, I realized my balanced turned to -600 (was 1,100+) in about 5 minutes. Nevertheless, you can still trade through MetaTrader5 an updated and improved version that is packed with brand new features if you prefer so. Spreads on EURUSD averages at about 0.1 pips 24/5, which is as per the IC Markets expert advisors is currently the tightest average EURUSD spread globally. On the flip, proposal vary according to the entity and is larger via offshore entity, we found some spreads higher than average.

The MAM software communicates all allocation settings directly with the IC Markets MetaTrader 4 server. IC Markets offers a VPS service through three providers, namely, Beeks FX VPS, and New York City Servers. All services are available as a monthly subscription, but IC Markets will cover the costs if a client’s trading volume exceeds 15 lots per month. The five-step account opening process is fully digital and accounts are generally ready for trading in one day.


Overall, ICMarkets’ education section is well-structured and in-depth and caters to traders of all experience levels. IC Markets’ educational materials’ are excellent compared to its competitors. The materials are well-structured and comprehensive and cater to both beginners and more experienced traders. Overall, Autochartist is one of the best technical analysis tools on the market.

The experience I had today with Vi Phan…

The third step requires choosing your preferred base currency and account type. Next traders are required to fill in their personal details, including date of birth and physical address etc. Overall, the range and depth of financial instruments at IC Markets is broad compared Forex brokers to other brokers. IC Markets offers an average range of tradable assets compared to its competitors. FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy.

IC Markets for Beginners

Using the platform, you also gain instant access to a deep liquidity in different base currency pairs and equity indices. Both brokers segregate client deposits from corporate funds and offer negative balance protection. The UK subsidiary of FXCM and the Cyprus subsidiary at FXCM and IC Markets also maintain an investor compensation fund. Both brokers offer clients an equally secure and trustworthy trading environment with four regulators. FXCM has lower commissions and a volume-based rebate program, but IC Markets features lower spreads.

Social Trading

True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Executable Streaming Prices are sent from IC Markets liquidity providers to our ECN environment where clients can trade Forex brokers with no dealing desk, price manipulation or re-quotes. The automated trading system utilizes intelligent algorithms to trade foreign currencies at a given time based on the parameters set by traders. In our search for finding trustworthy & top forex brokers, we came across IC Markets.

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