Foreign Exchange CFD Provider

Mar

Our evaluation showed a clear process involving submission of personal information, an appropriateness test, and verification of ID and residence. IC Markets offer 10 base currencies including the AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD to HKD. IC Markets’ excellent TrustPilot score and strong online presence underscore its high client satisfaction and trustworthiness. With over 246,000 monthly Google searches, the broker is one of the most frequently searched for online. IC Markets is regulated by two ‘tier 1’ financial authorities being Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

IC Markets’s Trading Instruments

Client funds are stored in separate accounts with trustworthy banks, ensuring protection even during financial https://traderoom.info/ic-markets-forex-broker/ upheaval. Live chat is available directly on the website, and support agents are quick to respond. For more detailed queries, traders can reach out via email or request a callback. IC Markets also has a comprehensive FAQ section on its website that answers common questions about account opening, trading, and technical issues.

Features

This is about 80% lower than Pepperstone’s raw spread of 0.10 pips for the same pair. Surely, choose IC Markets broker with transparent fees and commissions for Forex Trading. For clients of IC Markets in Cyprus, the Investors Compensation Fund can protect eligible retail clients in the unlikely event of bankruptcy, for up to 20,000 euros per account held by IC Markets EU. IC Markets offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities.

Algo-Trading and Copy Trading

Here, you can find more sophisticated resources that cover topics like risk management, technical analysis, and trading methods in greater detail. Its purpose is to assist Taiwanese traders in their journey from novices to seasoned pros who can deftly navigate market intricacies. Never mistake leverage with taking out a loan from your broker; there is a significant difference. In our experience in leveraged forex trading, leverage is just the broker’s way of letting traders open larger positions with less money. With commission and spreads similar to the Raw Spread Account, its value is found in its enhanced features, including superior support and advanced trading tools. This account is designed for experienced day traders, with competitive fees and specific incentives to improve their trading experience.

Sign up for the demo account and test each one to see how you feel about them.
I generally do not recommend IC Markets unless you are an algorithmic trader or if your manual trading strategy is spread-sensitive.
The platform’s research reports, indicators, and market insights help traders make more informed decisions by combining technical, fundamental, and sentiment analysis.

If you haven’t traded online in the past at all, you should use a demo account to experiment with different trading strategies before actually putting real money behind any of them. This is a great way to see how various methods of analysing data and planning trades work in real-world scenarios. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We verify some of our data for quality control but there are slight variations occasionally.

Deposit & Withdrawal

FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. IC Markets offers 20 exclusive trading tools that are available on the MT4 platform.

Because of the safety precautions and a good reputation in the currency and CFDs market, IC Markets is perfectly safe for both beginners and advanced traders. In addition to the standard selection of FX pairs, commodities, indices, stocks, bonds and futures, cryptocurrencies are also supported. As far as MetaTrader is concerned, both MT4 and MT5 are available at the broker. In addition to the regular versions of these two platforms, a web trader as well as Mac and mobile apps are available.

IC Markets only offers AUD, USD, JPY, EUR, NZD, SGD, GBP, and CAD as the base currencies for an account. Therefore, TWD deposits and withdrawals are subject to currency conversion fees. Yes, IC Markets provides educational resources to help you get acquainted with the trading platforms. Overall, traders from Taiwan can enhance their trading approach by utilizing ZuluTrade’s global perspectives and strategies while using IC Markets’ services. Furthermore, the social trading feature has the potential to offer Taiwanese traders valuable insights from a diverse range of market offerings provided by IC Markets.

Our IC Market review research reveals that the firm offers traders competitive spreads and a wide range of tradable items across multiple asset classes. It features superb charting, trading tools and technical indicators, not to mention the Expert Advisors that advanced traders can use to automate their trading strategies. Traders interested in algorithmic trading can leverage the algorithmic trading features available on the MetaTrader platforms. IC Markets also supports copy trading, allowing traders to follow and replicate the strategies of experienced investors. The cTrader Copy trading is unavailable in specific regions including Australia and EU. IC Markets forex trading platforms use Equinix servers that allow for fast order execution speeds, with cTrader utilising the LD5 server in London, while MT4 and MT5 use the NY4 data centre in New York.