ICmarkets broker. Detailed review of ICmarkets broker

Introduction ICmarkets broker

ICMarkets is a Forex broker established since 2007 and based in Australia.

After more than 12 years of establishment and development, ICMarkets has now become the largest broker in Australia and also one of the largest brokers in the world.

According to statistics, the trading volume of ICMarkets reached an average of more than $ 400 billion per month in 2018.

In 2019, ICMarkets set a record of $ 646 billion in trading volume in March.

To register ICmarkets broker, click here

ICMarkets is regarded as the broker with the lowest spread in the world, competitive costs and good customer service.

The operating licenses and insurance policies for ICmarkers’s customers

The ICMarkets broker is authorized and regulated by the Australian Securities and Investments Commission (ASIC).

ICMarkets also has an Australian Financial Services License (AFSL) No. 335692 and is authorized to provide financial services in Australia.

In addition, ICMarkets is a member of the Australian Financial Complaints Agency (AFCA)

ICMarkets follows strict rules related to customers’ accounts in the form of segregated accounts.

When an account is funded for transactions, the client’s funds will be held in trust accounts at the National Bank of Australia (NAB) and Westpac Bank Corporation.

ICMarkets also has a professional indemnity insurance agreement with London-based Lloyds Insurance to protect its customers.

In addition, ICMarkets is directly under an Externally Audited to ensure its activities are compliance with legal obligations and operational procedures.

With a series of information I have just mentioned above, I believe that you are able to somewhat give your own assessment of the reputation for the ICMarkets.

To register ICmarkets broker, click here

Types of ICmarkets trading accounts

Currently, ICMarkets provides 3 main types of accounts for traders. Each type of account has its own advantages and disadvantages.

True ECN account (cTrader)

cTrader account has low spread and commission, suitable for day and scalping traders. It has some following characteristics:

  • Minimum initial deposit: $200
  • Leverage up to: 1:500
  • Type of Spread: Float
  • Spreads from (pip): 0 pip
  • Commission: 6$/lot
  • Minimum volume: 0.01 lot
  • Stop Out: 50%

Because cTrader is not popular, I do not encourage you, especially newbie to trade on this account.

To register ICmarkets broker, click here

True ECN ICMarkets account

This is the most popular type of ICMarkets account and is highly appreciated by the community.

Its advantages are low spread, averaging only 0.1 pips for EUR/USD and a fairly competitive commission, $ 3.5/lot.

In addition, it has extremely fast speed of execution without no delay. If you are a Scalper, ECN is the best choice for you.

  • Minimum initial deposit: $200
  • Leverage up to: 1:500
  • Type of Spread: Float
  • Spreads from (pip): 0 pip
  • Commission: 7$/lot
  • Minimum volume: 0.01 lot
  • Stop Out: 50%
To register ICmarkets broker, click here

Standard ICMarkets account

ICMarkets is famous for its competitive spread. The standard account has no commission fee but its spread is greater than True ECN and cTrader with average 1.0 pips for the EUR/USD. Speed of execution and latency are equivalent to True ECN.

  • Minimum initial deposit: $200
  • Leverage up to: 1:500
  • Type of Spread: Float
  • Spreads from (pip): 1 pip
  • Commission: No
  • Minimum volume: 0.01 lot
  • Stop Out: 50%
To register ICmarkets broker, click here

ICMarkets trading platform

ICMarkets offers a full range of the most popular trading platforms available, including MetaTrader 4, MetaTrader 5, Meta WebTrader and cTrader.

Instruments, ICMarkets offers a wide range of products for trading markets

ICMarkets offers a wide range of products for trading markets such as: Forex, Indices, Commodities, Stocks, Bonds, Crypto, Futures

ICMarkets customer support service

ICMarkets owns a good customer support team. You can ask for support via Livechat or email.

To register ICmarkets broker, click here

Deposit and withdrawal methods of ICmarkets

ICMarkets offers a variety of deposit and withdrawal methods, and most of them are “instant”. You can make a deposit request within only a few seconds, the money will immediately come into your account for your transaction.

ICMarkets does not charge any fees for deposits and withdrawals. Withdrawals usually take about 24 to 48 hours depending on your withdrawal method

Currently, most traders in Vietnam choose some following popular ways:

  • Internet Banking
  • Skrill
  • Neteller
  • Visa/Mastercard

Thus, it can be said that IC Markets is highly- rated broker in Vietnam. Over 10 years of operation, IC Markets has not had any scandals.

Along with many outstanding advantages  such as low cost, transparent information and advanced platform, IC Markets is a hard-to-ignore broker for those who want to invest in making profits from the forex market.

To register ICmarkets broker, click here

 

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