ICMarkets Review Reddit

ICMarkets review reddit and ICMarket have a low spread

ICMarkets is rated as “One of the ECN Broker Low Deposit” by us. This is also a broker that focuses heavily on competitive costs such as lowest spread, zero-fee deposit and withdrawal payments.

What is ICMarkets?

A Forex Broker provide stock products, stocks, indices, energies, precious metals in the form of CFDs. Type of broker that stands in the middle of executing customer orders on the interbank market. The customers here are from big and small funds and retail traders and some other subjects.

IC Markets is a member of AFCA

member afca at icmarkets

ICMarkets is a member of the Australian Financial Complaints Agency (AFCA).

Here, the customer funds are kept separate from the capital of 2 ICMarkets at Australia’s leading bank, “Bank NAB and Westpac Bank”. As such, ICMarkets broker must comply with a strict process policy, to ensure that client capital is not misused in an unauthorized manner. Especially to avoid the problem of company bankruptcy.

VIEW INFORMATION ABOUT ICMARKETS LICENSES
https://www.icmarkets.com/sc/en/company/regulation

Types of accounts and trading commissions at ICMarkets

type account at icmarkets

  • Standard account do not charge commissions and offset spread will be slightly larger.
  • RAW accounts (ECN accounts) with very low spreads from 0.0 pip and fixed commission fees according to the comparison table above.
  • CTrader accounts as well as RAW accounts also come with commissions and spread, as in the above comparison, one account type is better than the other in that using the CTrader trading platform helps traders to trade more professionally.

For customers who want to trade stocks and bonds, you can only trade on the MT5 platform at ICMarkets.

TYPES OF ACCOUNTS AT ICMARKETS
https://www.icmarkets.com/sc/en/trading-accounts/overview

Trading Platform for multiple devices

MT4 trading platform:

Raw Pricing Connectivity allows investors to trade on institutional liquidity from top investment banks, hedge funds and the world’s leading underground liquidity venues. There, the order is executed without going through a trading desk or manipulated price or no requote, ie ICMarkets is No Dealing Desk. With 25 different price providers at a time.

MetaTrader 4 servers on ICMarkets is located in the Equinix NY4 data center in New York. This is also the NY4 center that helps to access the nearest execution order, reducing price latency (fast execution).

MT4 by metaquotes for Mobile and Desktop and Ipad

MT5 trading platform:

Basically the MetaTrader 5 platform like the MetaTrader 4 described above has the properties of order execution, the source of liquidity, not going through the trading desk or manipulating prices or re-quotes, is like the MT4 platform. But with the MetaTrader 5 platform on ICMarkets, investors are allowed to trade additional trading products of stocks and bonds.

metatrader 5 or mt5 platform on devices include desktop and mobile and ipad

WebTrader MetaTrader:

There was also nothing to say. If you do not want you to not download Metatrader to use, you can still use the platform on the ICMarkets webiste. Same in all execution properties, sources of liquidity, no cross-trading or price manipulation or re-quotes.

Ctrader trading platform:

The Ctrader platform is technologically advanced with the improved price matching quality of the Raw Spread account. Allowing investors to access higher technology

IC Markets CTrader platform gives you access to deep liquidity using 64 currency pairs plus 16 major stock indices.

Ctrader servers on ICMarkets is located in the LD5 IBX Equinix Data Center in London. For low price latency. Ideal environment for traders who trade faster and higher week rates.

Ctrader platform on devices include desktop and mobile and ipad

CTrader Web Platform

Also, if you do not want to download the Ctrader trading platform, you can also use it on the ICMarkets website. With a friendly and eye-catching interface like the original Ctrader. “CTrader for Web” only supports Chrome, Firefox, Safari, IE 9+ browsers that you should remember.

Products and Leverage

TRADING PRODUCTSAMOUNTLEVERAGE
Forex601:500
Index231:200
Commodity191:500
Share>1201:5
Bonds>61:200
Cryptocurrencies51:5
Futures contract41:200
TRADING PRODUCTS AT ICMARKETS
http://www.icmarkets.com/sc/en/trading-markets

VPS service from Equinix provider

VPS is offering an advantage for specialized traders who utilize Expert Advisor to trade. Because, VPS is the system that can be close to working 24/24. The VPS service providers on ICMarkets are 3rd party.

equinix VPS provider

ICMarkets has also recommended this VPS service, so I think Equinix is also one of Best VPS for IC Markets. As well as meeting the best possible connection speed to this data center broker.

Market analysis blog on ICMarkets

A place that provides daily market analysis for fundamental and technical analysis for markets such as: Forex and Gold products, and stock indices from the market analysis department of ICMarkets. This is also essential for beginners and may be required even by experienced people.

  • Technical analysis, ICMarkets team focuses on key support and resistance levels, trend lines, recommended entry points for short to medium term trading pairs on H4 and above timeframes.
  • Fundamental analysis, ICMarkets team summarizes global market data and updates the latest market news and announces upcoming economic events.
CHANNEL BLOG SIGNAL ICMARKETS
www.icmarkets.com/blog/

MAM/ PAMM Account Manager Service

Managing customer accounts professionally and transparently on Multi Account Manager (MAM) software via ICMarkets. Manager only has to worry about trading on MetaTrader 4. account. All other work will be handled by MAM software.

The MAM software allows to use all functions available on MT4, including managers using Trading Robots (EA).

Bonus Programs

Up to now, ICMarkets broker does not offer any bonuses or any other promotions. However, you shouldn’t consider this a bad thing either. Because, a forex broker in the financial sector like ICMarkets has built themself a solid reputation. Also, do not want to encourage investors to trade excessively by trying to get a bonus on their pocket.

Deposit and Withdraw payment method

When it comes to deposits and withdrawals, there are many varieties and most of them free, this is also one of the points that ICMarkets has tried to deploy step by step. As from about 2019 onwards, investors will have to pay each deposit and withdrawal fee. In addition to popular methods such as Local Bank, Visa, Neteller, Bank wire, Skrill also has a method of recharging and withdrawing via Paypal that few exchanges offer.

deposit and withdraw method at ticmarkets

ALL METHOD PAYMENT AND WITHDRAWALS
http://www.icmarkets.com/sc/en/trading-accounts/withdrawal

Pros

  • Offers extremely low spreads, is more competitive.
  • Fast order execution, no requotes.
  • Lots of trading products for Forex, Gold, Stocks, Bonds, Indices, Cryptocurrencies, Futures.
  • This is the ideal place for Scalping trader.

Cons

  • Time to withdraw money is not too fast, the earliest is about 36 hours-48 hours.
  • It is still quite slow to support online.

FREQUENTLY ASKED QUESTIONS AT ICMARKETS

I have difficulty opening an account ?

If you are facing any difficulties. You can contact us by mail [email protected]

What is the minimum capital to open an account ?

At ICMarkets, the minimum initial requirement is 200 USD. After that, the capital is loaded as much as the customer wants.

Do ICMarkets provide online stock market trading services?

Yes. But, Stock trading contracts under CFD, ie non-material trade.

How much is the deposit and withdrawal fee ?

ICMarkets offers virtually all deposit and withdrawal methods free of charge. If any, applicable fees are from the customer’s bank side.

Does ICMarkets make it difficult for customers to withdraw money ?

No. of course. As long as you follow the terms and conditions when opening an account and do not accept a third party.

How long is the withdrawal time ?

The fastest usually takes 1.5 days, if nothing goes wrong. Also note, the first withdrawal will take a little longer due to the censorship from the security department of ICMarkets, the times after that will be faster.

Are ICMarkets Dealing Desk or Market marker ?

No, ICMarkets is a No dealing desk. ICMarkets is just an intermediary broker that receives and transfers all customer orders into the market.

Why does the website of IC Markets sometimes cannot be accessed ?

Yes, in recent times the website of ICMarkets often suffered from disconnection. Because of the increase in the number of visitors, this is the case. But, you can rest assured that ICMarkets is upgrading its website every day to improve the connection loss.

Which nationality does IC Markets not accept ?

IC Markets does not accept applications from residents of the U.S, Canada, Israel, New Zealand, Japan and Islamic Republic of Iran. If unfortunately you are in the above countries. As such, these brokers Tradersway or LQDFX may be your choice. Or you should see what disadvantages might be happening to you.

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