Business
CFD Broker: IC Markets
IC Markets is an Australian-based Forex and CFD broker operating since 2007. The broker has become a leading player in the industry thanks to its competitive trading conditions, user-friendly platforms, and excellent customer service.
IC Markets review offers traders some of the best trading conditions in the industry. The broker offers tight spreads on various assets, including forex, commodities, indices, and cryptocurrencies. The spreads start from 0.0 pips for some forex pairs, which is exceptionally competitive. IC Markets also offers a high leverage ratio of up to 1:500, allowing traders to take larger positions with smaller capital. However, it’s essential to note that high leverage can also lead to significant losses if not managed properly.
Account Types:
IC Markets offers traders three account types: Standard, Raw Spread, and cTrader. The Standard account is commission-free and offers variable spreads, while the Raw Spread account charges a commission of $3.50 per lot and offers tighter spreads starting from 0.0 pips. The cTrader account charges a commission of $3 per lot and offers spreads starting from 0.0 pips. The broker also offers Islamic accounts for traders who follow Sharia law. These accounts have no swaps or rollover fees and are available to traders of all account types.
Platforms:
IC Markets offers traders a choice of three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. MT4 is the most popular trading platform in the industry and is preferred by many traders. MT5 is the newer version of MT4 and offers additional features, such as more advanced technical analysis tools and better hedging capabilities. cTrader is a popular platform among institutional traders with advanced order execution capabilities.
Mobile Trading:
IC Markets offers mobile trading platforms for both Android and iOS devices, allowing traders to trade on the go. The mobile apps offer all the essential features of desktop platforms, including real-time quotes, advanced charting tools, and the ability to place and manage trades.
Customer Service:
IC Markets provides excellent customer service, with support available 24/7 via live chat, email, and phone. The broker also offers a comprehensive knowledge base on its website, where traders can find answers to frequently asked questions and learn more about the broker’s services.
Education:
IC Markets offers a range of educational resources, including video tutorials, webinars, and a trading glossary. The broker also provides traders access to the Trading Central technical analysis portal, which offers in-depth market analysis and trading ideas.
IC Markets is an excellent choice for traders looking for a reliable and competitive broker. The broker offers some of the best trading conditions in the industry, with tight spreads, high leverage, and a choice of three trading platforms. IC Markets also provides excellent customer service and a range of educational resources and trading tools. However, the Raw Spread and cTrader accounts charge a commission, which may only suit some traders.
Harper Harrison is a reporter for The Hear UP. Harper got an internship at the NPR and worked as a reporter and producer. harper has also worked as a reporter for the Medium. Harper covers health and science for The Hear UP.