IC Markets Review

Posted in ASIC Licensed Australia Cryptocurrency Brokers, Cryptocurrency Brokers

January 16, 2019

There are some online brokers that claim their services will make you forget other brokers. You can’t say for sure if that’s possible because there are so many brokers on the internet today. However, brokers like IC Markets can definitely make such claims. IC Markets is a broker that provides comprehensive range of services to the traders from around the world. It focuses on new and experienced traders the same way and works with some of the best trading platforms in the industry. Let’s take a look at its features and see if IC Markets can make you forget other brokers.

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Introducing IC Markets

IC Markets is an online broker that gives you access to its trading platforms for trading in a variety of financial markets. The company has been around for about 12 years now and has helped hundreds and thousands of traders start their trading careers. IC Markets is a regulated entity with ASIC regulating it for the peace of mind of the traders. In addition to regulation and proper licensing, you will also like the fact that the broker takes care of your money in separate accounts. With proper regulatory compliance, a technologically advanced platform, and flexible trading conditions, IC Markets stands with some of the best online brokers of the world.

IC Markets and Cryptocurrency Trading

You can trade just about any asset that you can think about once you are on one of the platforms from IC Markets. When it comes to cryptocurrencies, you will hardly find many other brokers who have so many cryptocurrencies available for you to trade. At the time of writing this review, you can trade these cryptocurrencies: Litecoin, bitcoin, ethereum, dash, emercoin, EOS, ripple, peercoin, and namecoin. Of course, many other brokers have included cryptocurrencies to their asset indices but they only like to work with three or four top cryptocurrencies.

Even the trading conditions are favorable for the traders whereas many other brokers have kept the conditions in their favor. When you trade cryptocurrencies with IC Markets, you can enjoy leverages of 1:5. Some brokers that claim to be the biggest are too afraid to offer both positions to their traders on cryptocurrencies. On the other hand, you have IC Markets that lets you go short and long on your trades. Enter trades with spreads that are clearly mentioned rather than paying commissions on your trades.

You also have stocks, bonds, metals, energies, commodities, forex, and futures available for trading as you join one of the trading platforms provided by IC Markets.

Advanced Trading Platforms from IC Markets

When you look at the platforms from IC Markets, you start to believe that the broker is on its way to making you forget other brokers. In most cases, you are either given access to MetaTrader 4 platform or the trading platform designed by the broker. In rare cases, you get access to MetaTrader 4 and MetaTrader 5. However, it happens tremendously rarely that you can choose from MetaTrader 4, MetaTrader, and cTrader. These are some of the best trading platforms in the industry and all of them are available with IC Markets. You can also find these platforms in all the different formats.

If you switch between platforms quite often, you should pick the web trader format. If you are on the desktop, the desktop version of all of these softwares is also available. Last but not least, you can also download the mobile applications on your devices to trade with IC Markets.

The Different IC Markets Trader Accounts

You have some great options when it comes to picking the right type of trading account with IC Markets. These accounts have been designed with the varying preferences of the traders. The most valuable account that you can open is the ECN account. In this particular account, you don’t have to pay the broker in the form of spreads. There is a commission on your trades. What’s great is that there are very little commission on huge trade volumes. For example, you will pay only a $3 commission for a trade whose volume is $100,000. Now, when you open an ECN account, you have to decide whether you want to be on cTrader or MetaTrader platform. When you pick MetaTrader account, the commission is identical but you have to pay it on per lot.

For anyone who wants a more simplified account type, there is the Standard account. When you open this account, you don’t have to pay any commission. However, you will have to pay in the form of spreads. The best thing is that the spreads are only as small as 1pip. In short, you enjoy some great trading conditions regardless of the type of account you choose.

IC Markets Customer Support

First of all, you will notice that there is a completely separate set of contact details available for Chinese traders. In addition to that, there is a global phone numbers available for all the traders from any part of the world. The three toll free numbers are also there. You will be glad to know that the customer support teams are always available to help you on any day of the week. The working hours may be different for different days though. You can also send in your written inquiries through emails if you want. The most popular contact feature of today’s broker websites is also there i.e. live chat. You can click on the live chat icon on the bottom right hand side and talk to a representative to get your answers instantly.

Final Words

Whether you talk about the ease of account opening or flexibility in trading conditions, IC Markets can deliver all of that perfectly. The reason of its quick growth in the recent years is a proof that IC Markets is doing something for its traders that many other brokers are not. One must also admire this broker for its fairness and transparency. If you want to start a trading career without any compromise on the security of your information and money, IC Markets is definitely recommendable choice.