When it comes to online forex brokers, there are plenty of options to choose from. So how do you know if IC Markets is the right broker for you? In this IC Markets review, we’ll take a closer look at the company’s features, fees, and more to help you decide if IC Markets is the right broker for you.
Key features of IC Markets:
IC Markets is an online forex broker that offers trading in a wide range of currencies, including the Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Swiss franc, and US dollar. The company also offers CFD trading in a variety of assets, including commodities, indices, and metals. IC Markets offers three different account types: a Standard account, a commission-based Raw Spread account, and an ECN account.
IC Markets is headquartered in Sydney, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC). The company has been in business since 2007. IC Markets is a member of the Financial Commission, an independent dispute resolution organization for the forex and CFD industry.
IC Markets Platforms:
IC Markets provides the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. The IC Markets MT4 platform is available for Windows, Mac, iOS, and Android devices. The IC Markets MT5 platform is available for Windows, Mac, and Android devices. IC Markets also offers the cTrader platform, which is available for Windows, Mac, iOS, and Android devices.
IC Markets Customer Support:
IC Markets offers customer support 24 hours a day, 5 days a week via live chat, email, and telephone. The company has offices in Australia, China, and Cyprus.
IC Markets Fees:
IC Markets charges a commission on trades placed with the Raw Spread account. Commissions are charged in the base currency of the account. The Standard and ECN accounts are commission-free. IC Markets also charges spreads on all trades placed with the Standard and ECN accounts. The minimum spread for the Standard account is 0.4 pips and the minimum spread for the ECN account is 0.0 pips. IC Markets does not charge any deposit or withdrawal fees.
Overall, IC Markets is a good choice for forex traders looking for a reputable broker with low fees. The company offers a wide range of currency pairs, CFDs, and platforms to choose from. IC Markets is also regulated by a reputable organization and offers customer support 24 hours a day, 5 days a week. Thank you for reading this IC Markets review. We hope it was helpful in your decision-making process.