IC Markets

Company information

Company name
IC Markets
Website
cmarkets.com
Company Headquarters
Sydney, Australia
Account Minimum
USD 200

IC Markets

Ratings :
4.6/5

IC Markets is an Australian-based online retail forex broker trading in financial derivatives headquartered in Sydney. It was founded in 2007. IC Markets has situated itself as an office intermediary that obliges hawkers and high-recurrence algorithmic brokers who require low-inactivity and quick execution

Islamic Account

IC Market like many Online Forex Brokers  also provide Islamic accounts following the guidelines of the Sharia Law.  Their Islamic based account is available for all types of accounts that they provide (Standard, True ECN w/Meta Trader, True ECN w/C-Trade. A flat-based pre-determined commission will be charged from all Islamic accounts if the funds earned or position is maintained in the account over-night. Hence, the account funds should be transferred from that account to another personal account before extra commission charges are penalized on the account. 

Trading Platform

IC Markets offers MT4 and MT5 for both web-based application and desktop. The desktop version includes the Advanced Trading Tools bundle offered as an accessible extra, alongside modules from AutoChartist and Trading Central. 

The IC Markets cTrader stage offering incorporates both the electronic and desktop versions . The cTrader suite incorporates a few exchanging applications like cAlgo – utilized for computerized exchanging – and cTrader Copy for social duplicate exchanging 

IC Markets gives the movile version of the three platforms it offers, including MetaTrader 4, MetaTrader 5, and cTrader, all of which come standard for iOS and Android. When it comes to portable, both the MetaTrader and cTrader suite have comparable usefulness and diagramming. The stage you pick will probably rely upon whether you exchange physically or utilize mechanized exchanging frameworks on the separate work area variant.

Customer Support

The customer support via landline and email are great, both are relatively quick and provide detailed information. On landline, agents will be directly connected with you in no time and will listen to any and all queries you have on your mind. 

The email support is also rather quick, responses are received within a day with detailed required information and feedback emails after the problem has been resolved. 

Their chat support where many of the best forex brokers thrive they seem to lack the necessary output, it is rather slow and damages the good reputation that they have maintained in terms of landline and email support, the response time are really slow and at times you would not get the required information you have been asking for, so this is a big let down here.

Cost & Expense

A minimum deposit of 200$ is required to open an account but they do not charge any withdrawal or inactivity fees, which is a plus point. The main earning they do is done by their spread values which are somewhere between 0.5-0.8 but it may vary in terms of geographical location at certain times (can even go down to 0.0 pips but that is upto them mostly). They do however charge deposit fees after the initial deposit, which may vary with the account type and the amount you are looking to deposit.

Risk Factor

When it comes to trading, risk will always be present and here it is no different. One of the biggest risk factors is the lack of a negative account policy, meaning you can lose more than your initial deposit which can create tons of new problems for you. A proper regulated law or system should be implemented where the customer should be able to set a specific percentage of the amount that they can trade with before the account stops their transaction and/or trades.

0 0 votes
Article Rating
Subscribe
Notify of
guest
14 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Rasool Buksh
Rasool Buksh
6 months ago

It is so good to be working with IC Markets, their range in instruments is really vast. Their daily market analysis blogs are so helpful and informative.

Daniyal Laghari
Daniyal Laghari
6 months ago

IC Markets are the best low-cost broker, with exceptional trading service. I would recommend using their raw spread account, it has the best rates and opportunities.

Hajra Ashiq
Hajra Ashiq
6 months ago

I had issues with their withdrawal process and customer support was also quite slow in responding.

Hassnain
Hassnain
6 months ago

Their support is always available and easily accessible. They have provided very helpful responses.

Hassan Raza
Hassan Raza
6 months ago

Not Recommended! Their platform often gets frozen and I faced many other technical problems as well.

Faiza nadeem
Faiza nadeem
2 months ago

Worst experiance ever, analytical tools are not good enough.

Mir Abbas
Mir Abbas
2 months ago

Their assistance is constantly ready and simple to obtain. They have supplied quite useful replies. IC Markets is the greatest low-cost broker with outstanding trading service. I recommend utilising their raw spread account since it offers the greatest prices and chances.

Muntaha Khan
Muntaha Khan
2 months ago

Trading with them for the past few months, so far so Good! Superfast withdrawal. Great customer support, fast and friendly!

Asim
Asim
2 months ago

I have been so frustrated with the account opening process at IC Markets and their customer service is purely the worst I have encountered in my life. I gave up on it. Looking for better options.

Muhammad Fadi
Muhammad Fadi
1 month ago

Good trading company. I am pleased with customer service and brokers who have been professional in dealing with me. I gain good profit and experience no trouble on withdrawals.

Amir Ali
Amir Ali
1 month ago

The execution is always good and they don’t have a minimum distance on the stop losses. It’s a proper broker and the support team is always helpful. I am satisfied with my profit and with the services so far.

Muhammad Waali
Muhammad Waali
1 month ago

Reliable trading partner. I can always count on them for help. They are also dedicated and always come up with daily market news.

Faaiq Ali
Faaiq Ali
1 month ago

I don’t know much, but I never succeeded till to date to withdraw, they never let you withdraw your money.

Abedin
Abedin
12 days ago

Honest and transparent broker. I am fully aware of the what-ifs, how’s and why’s of my trading account. got decent profit, too.

14
0
Would love your thoughts, please comment.x
()
x

Get Registered For FREE Forex Training!

Fill In Your Details To Get Registered For FREE Forex Training!

Do You Know About Forex Trading?(Required)
Have you done Forex Trading before?(Required)
Where did you hear about us?(Required)
Enable Notifications    OK No thanks