If you are starting Forex trading, IC Markets will help you! IC Markets is one of the best Forex Broker so you can know more about it and decide if it can help you or not.
What is IC Markets?
We are talking about IC MARKETS. It is an online Forex and CFDs broker, in other words, a company that acts as a financial intermediary. This, so that any user can develop a trading activity in the foreign exchange market or other financial instruments through CFDs. Now we will see one of the best features that this broker has for us!
IC MARKETS BROKER regulation!
It is an Australian broker, which means that its regulation is outside the European Union. A positive aspect of IC MARKETS is that it has more than a decade of experience in brokerage services. They are experts in the field, so you do not have to worry!
The broker allows trading strategies!
One of the characteristics of IC MARKETS is to offer its services to short-term traders (scalpers and day traders). This implies that this broker allows trading strategies such as Scalping, Hedging, and Automatic Trading Systems. The high speed of execution and the ability to offer low spreads are one of its strengths. In general terms, the users give it a positive evaluation!
IC Markets offers you the best price!
Its way of working is reduced purely to intermediation. It is an ECN (Electronic Communication Network) type broker. Which means that it does not act as a counterparty with the trader. It simply puts buyers and sellers in contact, offering the best price according to liquidity providers and existing market conditions.
Platforms available with Ic Markets
The platforms that this online broker makes available to its users are three: One Target Trader 4 platform, a Target Trader 5 and the cTrader platform.
All of them have a downloadable version, the web version. And the application for mobile devices available in ANDROID and IOS operating systems.
What accounts can we access in IC Markets?
The different trading accounts offered by IC MARKETS define the contractual conditions regarding commissions.
The accounts that IC MARKETS offers are:
Raw Spread accounts:
These types of accounts are characterized by offering the lowest spreads available. Against which they have a commission of $3.50 dollars for each lot traded, for a total of $7.00 dollars per operation. Also $3.50 dollars for opening a position and $3.50 for closing it
CTrader Raw account:
This account is practically the same as the previous one, only that. In this case, the trading platform is cTrader. In addition, the fixed commission varies slightly and is around $3.00 per traded lot . (It would be about $6.00 if we take into account the commission for opening and closing the position).
IC Markets has a nice feature, it offers when executing trading orders. However, by working with the cTrader platform, a greater agility plus is obtained.
Standard Account:
In this account, the fixed commission is eliminated, and a higher variable spread is charged. Specifically, the spreads can be from 1 pip. Depending on the liquidity of the market in which you operate, this can be through the MetaTrader4 and 5 platforms.
Islamic account in IC Markets:
The Islamic accounts differ from the rest by not having a swap commission. Islamic laws prohibit the charging of interest. For this reason, and since a swap commission is neither more nor less than the daily interest rate for the money that the broker has lent as leverag. In this case, the commissions applied for operating in the market rise.
Demo account in IC Market:
IC MARKETS Demo account is easy, free, and fast to open for a limited time. As a trader you will get a virtual capital of between $200 and $5,000 to test the platforms, broker conditions, and strategies. The demo account represents a great tool since we can use it before depositing our real money, without any risk! Awesome, right?
Conclusion
As you can see, IC Markets is a very trustworthy broker. It offers low spreads, it is regulated by the ASIC and the CySEC. It offers high speed in the execution of orders, it has good customer service, it is not 100% in Spanish. We hope that this information about this broker can be very useful for your career as a trader! Do not forget to always share our article and leave us a comment about your experience with this broker.