Ic markets review: 3 key findings for 2021

     
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts chiến bại money when trading CFDs.

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You should consider whether you underst& how CFDs work & whether you can afford to take the high risk of losing your money. This nội dung is intended for information và educational purposes only và should not be considered investment advice or investment recommendation.

IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. That said, the range of markets, và research materials offered by IC Markets are not as impressive sầu.

Top Takeaways for 2021

Here are our top findings on IC Markets:

The IC Markets br& maintains regulatory status in one tier-1 jurisdiction & one tier-2 jurisdiction, making it a safe broker (average-risk) for forex & CFDs trading. IC Markets excels for its low-costs and scalable execution that fits perfectly for traders running algorithmic strategies (Expert Advisors) on the MetaTrader and cTrader platform suite. Special Offer:

Overall Summary


Rank: 17th
FeatureIC Markets
Overall 4 Stars
Trust Score85
Offering of Investments 3.5 Stars
Commissions và Fees 4.5 Stars
Platforms và Tools 4 Stars
Research 3.5 Stars
di động Trading 4 Stars
Education 3.5 Stars

Is IC Markets Safe?


help85
Trust Score

IC Markets is considered average-risk, with an overall Trust Score of 85 out of 99. IC Markets is not publicly traded & does not operate a ngân hàng. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), & one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.

Regulations Comparison
FeatureIC Markets
Year Founded2007
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses1
Tier-3 Licenses1
Trust Score85

Offering of Investments


Rank: 16th

IC Markets offers a total of 291 tradeable instruments across its Australian, Cyprus, và Seychelles-based entities. The following table summarizes the different investment products available to lớn IC Markets clients.

Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asmix (e.g. buying Bitcoin). Note: Cryplớn CFDs are not available to retail traders from any broker"s UK entity, nor khổng lồ UK residents.

IC Markets offering of investments:
FeatureIC Markets
Forex Trading Yes
CFD Trading Yes
Tradeable Symbols (Total) 230
Forex Pairs (Total)61
US Stoông chồng Trading (Non CFD) No
Int"l Stoông chồng Trading (Non CFD) No
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading / Copy-Trading Yes

Commissions và Fees


Rank: 6th

Overall, given the low deposit requirement for both commission-based accounts, & the small effective sầu spreads, IC Markets keeps up with the best forex brokers for low trading costs, including Saxo Bank, IG, and CMC Markets.

Account types: IC Markets offers three tài khoản types in which trading costs vary. There is the commission-free (spread only) Standard tài khoản and two commission-based pricing (spread + commission) on the Raw Spread & cTrader accounts.

cTrader versus Raw Spread account: The cTrader tài khoản has about a tenth of a pip lower commission than the Raw Spread trương mục, making both accounts similar. The main difference is the platsize that can be accessed. For example, the Raw Spread tài khoản, which uses MT4 or MT5, charges $3.5 per side for every 100k units (1 standard lot) or $7.00 per round turn (RT). In contrast, on cTrader, it is $3.0 per side or $6.00 per standard RT.

Effective sầu spreads: IC Markets lists its average spread on the EUR/USD at 0.1 pips. After adding the commission equivalent of 0.6 pips on the cTrader trương mục, the all-in costs would be 0.7 pips (or 0.8 on MetaTrader in the Raw Spread account), which is competitive sầu.

Active traders: IC Markets also offers further discounts khổng lồ traders that trade over 100 standard lots per month, akin to lớn an active sầu trader offering. Meanwhile, the commission-không tính phí standard tài khoản, with average spreads of 1.1 pips on the EUR/USD, is a less attractive option compared to the other two commission-based tài khoản types.

Agency execution: IC Markets provides execution on an agency basis, which means orders may be subject to lớn positive sầu or negative slippage as there are no requotes or instant execution.

IC Markets pricing summary:
FeatureIC Markets
Minimum Deposit$200
Average Spread EUR/USD - Standard0.8 (July 2020)
All-in Cost EUR/USD - Active0.7 (July 2020)
Active sầu Trader or VIP Discounts Yes
Execution: Agency Broker Yes
Execution: Market Maker No

Platforms & Tools


IC Markets caters exceptionally-well to algorithmic traders thanks to its execution methods (i.e., no requotes) & by allowing orders khổng lồ be placed within the spread. Both the MetaTrader and cTrader platkhung suites are available, and copy-trading platforms help round out its offering. Overall, IC Markets is a top contender in our best MetaTrader brokers category this year.

MetaTrader suite: IC Markets offers MT4 and MT5 for web & desktop. The desktop versions feature the Advanced Trading Tools package offered as an available add-on, along with plugins from AutoChartist & Trading Central. While these plugins must be installed separately, they are worth the effort lớn enhance the mặc định MetaTrader experience.

cTrader suite: The IC Markets cTrader platform offering includes both the web-based & desktop versions. The cTrader suite includes several trading applications such as cAlgo – used for automated trading – and cTrader Copy for social copy trading. Note: cTrader is not available through the broker’s European brand, IC Markets EU.

MetaTrader Tools: IC Markets provides the Advanced Trading Tools add-on developed by FX Blue LLP, as well as installable plugins from Trading Central và AutoChartist.

VPS services: For traders that vì at least 15 standard lots, the broker offers several third-các buổi party Virtual Private Servers (VPS) services khổng lồ host client algorithms.

Social copy trading: In addition to lớn cTrader Copy và the native sầu Signals market from MetaTrader, IC Markets also offers Myfxbook & the ZuluTrade platforms for copy trading across all its global brands.

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Despite thorough social copy-trading resources & a selection of platkhung add-ons, retìm kiếm is not IC Markets’ strongest point. Overall, I found there to be a gap between the range of research và related resources available at IC Markets when compared khổng lồ industry leaders such as IG and Saxo Bank.

Market Analysis: IC Markets combines in-house technical và fundamental analysis content on its blog with daily updates in its market analysis section. The nội dung is just “ok.” The main drawbaông chồng is that IC Markets lacks Clip nội dung & chất lượng news headlines in its platforms.

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IC Markets has a basic range of content for beginners. For example, under its 101 series, materials range from topics such as trading psychology lớn technical analysis, & there are nearly a dozen or more articles in each category. Despite this foundation, IC Markets lacks the depth & diversity of educational nội dung offered by the best forex brokers for beginners.

To enhance its educational offering, IC Markets should consider expanding its educational content to lớn include more intermediate và advanced concepts, alongside offering more Clip material.

IC Markets education:
FeatureIC Markets
Has Education - Forex or CFDs Yes
Client Webinars No
Client Webinars (Archived) Yes
Videos - Beginner Trading Videos No
Videos - Advanced Trading Videos No
Investor Dictionary (Glossary) Yes
Tutorials/Guide (PDF or Interactive) No

Mobile Trading


IC Markets provides the thiết bị di động version of the three platforms it offers, including MetaTrader 4, MetaTrader 5, và cTrader, all of which come standard for iOS & Android. The lineup is good; however, it should be noted that the leaders in di động (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps.

Tools comparison: When it comes to lớn Mobile, both the MetaTrader & cTrader suite have sầu similar functionality and charting. The platsize you choose will likely depend on whether you trade manually or use automated trading systems on the respective desktop version.

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Algorithmic trading: That said, automated trading is not possible in the mobile versions of cTrader and MetaTrader platforms. That means both are only an option lớn manage existing positions or manually open new trades. Finally, copy-trading is available on Smartphone on the related supported platforms, including the ZuluTrade Mobile tiện ích.

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Final Thoughts

IC Markets appeals primarily lớn algorithmic traders that use the MT4, MT5, or cTrader platforms, & who need agency execution coupled with competitive spreads và low commissions. Catering khổng lồ high-frequency traders helps IC Markets achieve significantly higher trading volumes relative sầu to its peers, as automated trading strategies can typically vì higher turnover than manual traders.

Although research and education are not IC Markets’ svào point, the broker has room lớn build on its existing foundation. Offering social trading on Myfxbook & ZuluTrade helps round out its offering to retail forex & CFD traders.

The Standard tài khoản would not be my choice as spreads are inherently wider compared lớn the Raw Spread account for MT4 or the cTrader trương mục. Bottom line, I bởi vì not recommkết thúc IC Markets unless you are an algorithmic trader.

FAQs

Is IC Markets a good broker?

IC Markets is a good broker for investors who want khổng lồ run automated trading strategies on MetaTrader and cTrader platforms. IC Markets provides social copy trading platforms and a growing selection of research and educational materials, and offers competitive pricing.

Is my money safe with IC Markets?

IC Markets is regulated in nước Australia, Cyprus, the Bahamas, và Seychelles; the degree of safety of your funds will depend on which entity holds your funds.

For example, in nước Australia, the National Guarantee Fund does not provide any protection when trading CFDs, but IC Markets maintains indemnity insurance và holds your funds in a Client Moneys Trust Account). For clients of IC Markets in Cyprus, the Investors Compensation Fund can protect eligible retail clients in the unlikely sự kiện of bankruptcy, for up khổng lồ 20,000 euros per trương mục held by IC Markets EU.

IC Markets was founded in 2007, và factors such as its years of operation and scope of regulatory licenses should be taken into consideration when choosing a broker. Going with a broker that is well-capitalized also reduces your potential countertiệc nhỏ risk.

What is the minimum deposit for IC Markets?

The minimum deposit at IC Markets starts at $200 to open a live sầu account, regardless of the tài khoản you choose, including the Standard, Raw, and cTrader trương mục options. There are also over a dozen funding methods available, ranging from ngân hàng transfers và credit cards khổng lồ third-buổi tiệc ngọt payment providers such as PayPal & UnionPay.

About IC Markets

With servers in Thành Phố New York (Equinix NY4) and London (Equinix LD5), IC Markets has positioned itself as an agency broker that caters khổng lồ scalpers & high-frequency algorithmic traders who require low-latency và fast execution. Founded in 2007, IC Markets executes over 500,000 trades per day, of which 60% are algorithmically-driven, totaling more than $15 billion in daily volume. IC Markets has 117 staff, as per its Wikipedia page.

2021 review Methodology

For our 2021 Forex Broker reviews we assessed, rated, & ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published retìm kiếm. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative sầu scoring system ranks the màn chơi of trustworthiness for each broker based on factors such as licenses, regulation & corporate structure (read about Trust Score here). As part of our annual đánh giá process, all brokers had the opportunity to provide updates và key milestones và complete an in-depth data profile, which we hand-checked for accuracy.Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with chất lượng data they can trust. Learn more about how we demo.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to lớn, leverage, creditworthiness, limited regulatory protection và market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


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About the author: Steven HatzakisSteven Hatzakis is the Global Director of Retìm kiếm for webchiase.vn. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active sầu fintech & crypto industry researcher and advises blockchain companies at the board cấp độ. Over the past trăng tròn years, Steven has held numerous positions within the international forex markets, from writing khổng lồ consulting to serving as a registered commodity futures representative.



IC Markets vs IGIC Markets vs Saxo BankIC Markets vs CMC MarketsIC Markets vs Interactive sầu BrokersIC Markets vs TD Ameritrade ForexIC Markets vs City IndexIC Markets vs XTBIC Markets vs FOREX.comIC Markets vs eToroIC Markets vs SwissquoteIC Markets vs FXCMIC Markets vs AvaTradeIC Markets vs XM GroupIC Markets vs FPhường MarketsIC Markets vs Plus500IC Markets vs PepperstoneIC Markets vs TickmillIC Markets vs OANDAIC Markets vs FxProIC Markets vs Vantage FXIC Markets vs Moneta MarketsIC Markets vs HYCM (Henyep Markets)IC Markets vs EightcapIC Markets vs VT Markets

Commission Notes

Below is an overview of trading costs at IC Markets across its three trương mục offerings, including contract specifications for its cryptocurrency CFDs:

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Standard account: This is a commission-không tính phí trương mục used with MT4. An average EUR/USD spread of 1.1 pips is listed by IC Markets for the standard tài khoản.True ECN account: This is a commission-based account used with MT4. An average EUR/USD spread of 0.1 pips is listed by IC Markets for the True Ecông nhân tài khoản, & its commission is $7.0 round turn ($3.5 per side), bringing its all-in cost to 0.8 pips (after adding the 0.7 pip commission equivalent).cTrader account: This is a commission-based trương mục used with cTrader. An average EUR/USD spread of 0.1 pips is listed by IC Markets for the cTrader account, and its commission is $6.0 round turn ($3.0 per side), bringing its all-in cost to lớn 0.7 pips (after adding the 0.6 pip commission equivalent).

For active traders that vày more than 100 standard lots in volume, IC Markets provides further discounts (on a case-by-case basis) on the applicable commission rate.



IC Markets Competitors

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