Since being founded in 2007 in Sydney, Australia, the IC Markets broker has continued to provide True ECN trading services for active traders, especially users of Scalping, Day Trading, and Robot Trading strategies. IC Markets' advanced trading tools offer low-latency market connections and superior liquidity, which was previously only available to large investors.
IC Markets broker is one of the best and largest brokers in the Australian region, but also serves traders from all over the world, including Indonesia. The company that oversees it, International Capital Markets Pty Ltd, has obtained a license from the Australian regulator ASIC.
IC Markets as an ECN broker has many plus points. For example, the order execution speed can be said to be very high, namely under 40 milliseconds and the execution is only 0.5 milliseconds. IC Markets' automated trading system uses an order-matching engine located in Equinix New York's NY4 data center. The server processes more than 500 thousand transactions every day.
ECN brokers also tend to be more transparent because they are connected to interbanks as liquidity providers. IC Markets itself has 25 sources of liquidity providers. So it can be concluded that IC Markets is a transparent and bona fide broker.
To optimize client trading performance, IC Markets provides a Virtual Private Server (VPS). Subscribing to a VPS is like having a personal system that can be on 24/7 without needing to turn on the computer non-stop. This prevents traders from losses such as lost internet connections, power outages, system errors, and errors on personal devices.
IC Markets also offers quite attractive spreads. For True ECN and cTrader accounts, this broker sets low spreads starting from 0.0 pips. Deposits for the three types of accounts offered are relatively low, namely USD 200. Withdrawals are easy with various payment method options.
|Broker Name||IC Markets|
|Website||Click Here for IC Markets Broker Official Site|
|Company||International Capital Markets Pty Ltd|
|Headquarters||Level 6 309 Kent Street, Sydney|
|Regulators||ASIC Australia (ACN 123 289 109/ABN 12 123 289 109/AFSL 335 692)|
|Customer service||Live chat, email, and telephone|
|Website language||English, Thai, Korean, French, French, Spanish, Russian, Bahasa Indonesia, Italian, German, etc.|
|Deposits And Withdrawals||Bank Wire, Credit/Debit Card, PayPal, Skrill, Neteller, QIWI, WebMoney, and Fasapay.|
|Trading platforms||MetaTrader4, MetaTrader5, and cTrader, for PC and mobile.|
|Trading instruments||64 Forex pairs, Stock Index CFDs, and Commodities including Gold, Silver, and Oil.|
|Spreads||Floating starts from 0 pips.|
|Minimum initial deposit||200 USD|
|Leverage||Available up to 1:500|
|Minimum Lots||0.01 (micro lot)|
|Commission||Varies depending on account type|
Forex Trading Account at IC Markets
IC Markets provides three types of trading accounts with attractive features:
- Standard Account
- Metatrader4 (MT4) trading platform, supports the MQL4 programming language.
- Floating Spread starts from 1.0 pips.
- No commission fees charged.
- The Standard Account from the IC Markets broker is suitable for manual forex trading (without robots).
- True ECN Account
- Metatrader4 (MT4) platform, supports the MQL4 programming language.
- Floating Spread starts from 0 pips.
- Commission fee is 3.50 USD per lot traded.
- The True ECN account from the IC Markets broker is suitable for Scalper traders and Expert Advisor (EA) users
- cTrader Account
- cTrader platform, supports C# programming language.
- Floating Spread starts from 0 pips.
- Commission fee is 3 USD per lot traded.
- The cTrader account from IC Markets broker is suitable for Day Traders and Scalpers.
Apart from these facilities, IC Markets is also connected to the ZuluTrade Social Trading platform and Myfxbook AutoTrade. This means we can connect trading accounts at IC Markets with professional traders on both Social Trading platforms. Later, professional trader transactions that are followed will be able to be copied directly by our trading account at IC Markets.
Reviews and Recommendations
IC Markets is a forex broker from Australia with a good reputation and high-tech trading facilities. Judging from its features and the tagline True ECN, it is clear that if you are a Scalper or Expert Advisor (Trading Robot) user, then you must consider this broker. Moreover, the minimum capital requirement is only 200 USD, which is among the lowest compared to genuine ECN brokers in general.
IC Markets also provides a Swap Free option which complies with Sharia rules for Muslim traders. In this way, traders can carry out their activities without worrying about rollover interest which is usually charged on trading positions after midnight ( overnight ).
However, the deposit and withdrawal system at the IC Markets broker is rather rigid because it is bound by Australian regulatory rules. Even though it is connected to many e-payment systems, some of them, including WebMoney, only serve deposits. For withdrawals, the recommended method is via Bank Wire (interbank transfer).