IC Markets offer one way to trade: Forex.
To open a live account, you’ll need a minimum deposit of at least $200. Alternatively, IC Markets offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by ASiC (AFSL #335692). IC Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. IC Markets have been established since 2007, and have a head office in Australia.
Before we dive into some of the more detailed aspects of IC Markets’s spreads, fees, platforms and trading features, you may want to open IC Markets‘s website in a new tab by clicking the button below in order to see the latest information directly from IC Markets.
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What are IC Markets's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on IC Markets’s website. The colour bars show how competitive IC Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD1 PIPS $4 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $4 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $4 per lot
The average spread for GPB/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 31.13 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$5.21||$5.00||$0.00|
|Total cost of a 100k trade:||$9.21||$12||$0|
|+$2.79 more||+$9.21 saving|
|Visit IC Markets||Visit AvaTrade||Visit|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with IC Markets?
|FX / Currencies||IC Markets||AvaTrade|
|# of forex pairs offered|
|Major forex pairs||Yes||Yes|
|Minor forex pairs||Yes|
|Exotic forex pairs||Yes|
|Commodity CFDs||IC Markets||AvaTrade|
|# of commodities offered|
|Indiced & Stock CFDs||IC Markets||AvaTrade|
|# of Stocks offered||0||99|
|See IC Markets's Instruments||See AvaTrade's Instruments|
What's the IC Markets trading experience like?
1) Platforms and apps
IC Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.IC Markets is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.
IC Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See IC Markets's platforms
2) Executing Trades
IC Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As IC Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, IC Markets offer margin up to 1% on currencies.
Finally, we‘ve listed some of the popular funding methods that IC Markets offers its traders on the right.
3) Client support
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
IC Markets have a BrokerNotes A support rating because IC Markets offer over three languages and email support.
CFDs are leveraged products and can result in the loss of your capital. All information collected from http://www.icmarkets.com/ on November 21, 2017.