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overview ICMarkets
ICMarkets is an exchange founded in 2007 in Sydney, Australia by a group of experts in the financial services industry. After 15 years of operation and development, ICMarket has strived to become the world’s largest Forex CFD trading platform, providing the best customer experience and constantly innovating technology.
IC Markets trading platform currently offers more than 2000 products (including: forex, commodities, stocks, indices…), 3 powerful trading platforms, fast order execution speed less than 40ms, spreads as low as 0.0 pips, deep liquidity and no fear of slippage.
Up to now, ICMarket has more than 180,000 customers from all over the world., trading volume reaches 1.11 trillion USD.
Is ICMarkets reputable?
What traders care most about when choosing an exchange is the reputation of the exchange. To evaluate whether the ICMarkets exchange is reputable, it is necessary to be based on many different criteria. Here, Soria For Congress has listed some evaluation criteria that traders should not ignore:
License of IC Markets
Like other exchanges, ICMarket also affirmed its prestige when it obtained the license of major financial authorities in the world. Specifically:
Raw Trading Ltd (IC Market Global) is regulated by the FSA – Seychelles Financial Services Authority with License number: SD018.
International Capital Markets Pty Ltd is authorized and regulated by ASIC – Australian Securities and Investments Commission with License No. 335692
IC Markets (EU) Ltd is regulated by CYSEC – Cyprus Securities and Exchange Commission with License No. 362/18.
IC Markets Ltd is regulated by SCB – Bahamas Securities Commission with License No. SIA-F214.
These financial institutions will be responsible for monitoring the operation of IC Markets, to ensure that all trading activities are open and transparent, while at the same time protecting the interests of customers and resolving complaints. complaint if any.
Policy to protect customer funds
ICMarkets keeps clients’ funds at leading reputable banks in Australia such as: Westpac Bank, NAB bank and is completely separate from the company’s funds. IC Markets may not use client funds for any purpose.
Audit activities are performed independently by the world’s leading auditing firms.
Products and services of IC Markets
One of the advantages of ICMarket is its diversified product offering, allowing investors to access global financial markets with deep liquidity. Currently, IC Markets is offering more than 2000 products in the following 7 asset classes:
Forex: 61 forex pairs with spreads as low as 0.0 pips.
Commodities: 22 popular commodities in the market such as: energy, agricultural products, metals or CFDs on spot and forward contracts.
Indices: Access to the world’s largest stock market through trading with 25 indices such as: Australia’s S&P 200, UK’s FTSE 100, US’s E-mini S&P 500 and DJIA…
Bonds: Over 9 types of bonds issued by governments around the world including Japan, Europe, UK, USA with deep liquidity and no commission.
Stocks: Over 1800 large-cap stocks and ETFs CFDs from the ASX, NYSE and NASDAQ exchanges.
Cryptocurrencies: Offers 21 most popular cryptocurrencies like BTC, ETH, LTC, DSH, XRP, EOS, etc.
Futures: 4 futures tickers from around the world, including ICE Dollar Index, CBOE VIX, WTI Crude Oil, Brent Crude Oil.
ICMarket trading fees
When choosing a reputable forex broker, in addition to considering factors such as licenses, products, and trading platforms, traders also need to learn carefully about the fees on the floor. Because if you don’t calculate these fees carefully, even if you win, the profit the trader brings is very little, even breaking even.
Here are some fees at ICMarket that you must be aware of:
ICMarket commission fee
Commission fees on ICMarket depend on different account types. IC Markets does not charge a commission on the standard account, but you will be subject to a higher spread instead. For Raw Spread account, commission is $3 per $100,000 traded, cTrader account is $3.50. Note that the commission fee only applies to Forex, metals and is charged two-way opening/closing order.
Spread ICMarkets
ICMarket offers super low spreads from just 0.0 pips. This spread will depend on each account type and each trading product. For example, the standard account has a floating spread from 0.6 pips, the other 2 accounts are from 0.0 pips.
ICMarket overnight fees
Swap is applied when your order is kept open until the next trading day. The overnight interest rate at ICMarkets will be calculated at 00:00 MetaTrader 4 Server Time. The swap rate will also depend on the currency pair that the investor trades in.
Lever
ICMarket offers flexible leverage from 1:1 to 1:500 for all accounts. However, the maximum leverage used will depend on the trader’s trading product.
Customer care service of ICMarket
ICMarket always strives to provide the best customer service and support possible. ICMarket’s customer care team are all experienced in the forex industry and can provide support in many different languages. You can contact a consultant 24/7
Conclusion
Above, are our most objective assessments of ICMarkets, hope to help people make the choice of whether or not to participate in trading here. However, regardless of the choice, the most important thing is still trading knowledge. Therefore, spend a lot of time training and learning about Forex trading before you start.