Overview of IC Markets and Why They Stand Out
IC Markets is a leading online broker that provides both retail and institutional clients with access to more than 250 financial instruments across Forex, Commodities, Indices, Cryptocurrencies, Metals, Bonds and more. IC Markets prides itself on providing traders with an ultra-low spreads from 0.0 pips and fast executions speeds of up to 500 milliseconds.
For traders looking for more advanced options, IC Markets offers MetaTrader 5, a powerful platform with features such as hedging capabilities, depth of market view and algorithmic trading. With the MQL5 Community Codebase available within MT5, traders can quickly find ready-made indicators and strategies to help them better manage their trades. In addition to offering lower commissions than most other brokers, IC Markets also offers a free VPS service for clients who trade at least 5 lots per month.
The IC Markets customer support team is available 24/5 to assist with any inquiries or issues traders may have. With helpful educational resources such as video tutorials and webinars along with daily technical analysis reports, the traders are well-equipped to make informed decisions.
For traders looking for an online broker with a wide selection of financial instruments, ultra-low spreads and fast execution speeds, IC Markets is worth considering. With the MetaTrader 5 platform available, comprehensive customer support and helpful educational resources, IC Markets stands out from its competitors in terms of service and value.
Key Features of the IC Markets Platform
- User-friendly interface: IC Markets offers a clean and intuitive interface that caters to both novice and experienced traders.
- Access to multiple asset classes: With more than 250 financial instruments available across Forex, Commodities, Indices, Cryptocurrencies, Metals, Bonds and more, traders have access to diverse investment opportunities.
- MetaTrader 5: The MT5 platform offers a range of advanced features such as hedging capabilities, depth of market view and algorithmic trading.
- Competitive spreads: IC Markets offers ultra-low spreads from 0.0 pips, one of the lowest in the industry.
- Fast execution speeds: With fast execution speeds of up to 500 milliseconds, traders can get into and out of positions quickly.
- Free VPS service: For clients who trade at least 5 lots per month, IC Markets offers a free VPS service for automated trading.
- Comprehensive customer support: The customer support team is available 24/5 to assist with any inquiries or issues traders may have.
- Educational resources: With helpful educational resources such as video tutorials and webinars along with daily technical analysis reports, traders can have access to the information they need to make informed decisions.
The Range of Products Offered by IC Markets
IC Markets offers a range of products designed to meet the needs of different types of traders. For those looking for access to more than 250 financial instruments across Forex, Commodities, Indices, Cryptocurrencies, Metals, Bonds and more, IC Markets has just what you need.
For traders who are looking for advanced features such as hedging capabilities, a depth of market view and algorithmic trading, IC Markets offers the MetaTrader 5 platform. With its user-friendly interface and powerful features, it’s the ideal choice for experienced traders.
For those looking to save on commissions, IC Markets offers ultra-low spreads from 0.0 pips and fast execution speeds of up to 500 milliseconds. Plus, clients who trade at least 5 lots per month can take advantage of the free VPS service offered by IC Markets for automated trading.
Overall, no matter what type of trader you are, IC Markets has something to offer. With its wide selection of financial instruments, competitive spreads and fast execution speeds, it’s a great choice if you’re looking for an online broker.
Different Account Types Available with IC Markets
IC Markets offers a range of account types to suit the needs of different traders. The Standard Account is best suited for beginners as it offers flexible leverage from 1:1 up to 500:1 and no minimum deposit requirement. The Raw Spread Account is ideal for experienced traders seeking ultra-low spreads from 0.0 pips and fast execution speeds of up to 500 milliseconds.
The Pro Account is geared towards high net-worth individuals, offering ultra-low commissions, higher leverage and tighter spreads than the standard account. The Islamic Account is available for clients who wish to trade in accordance with Sharia law, with no swap or rollover charges. All accounts come with access to the MetaTrader 5 platform and 24/5 customer support.
Leverage and Margin Requirements for IC Markets Accounts
The amount of leverage available to traders depends on the type of account they have. The Standard Account offers leverage from 1:1 up to 500:1, while the Raw Spread and Pro Accounts offer even higher leverage with no minimum deposit requirements.
The margin requirements for each account also vary depending on the type of instrument being traded. For example, Forex majors can be traded with a margin of 0.5%, while Forex minors and exotic currencies require a margin of 2%. Commodities require a 5% margin, while indices vary from 1.5% to 6%. Cryptocurrencies require the highest margins, ranging from 20% to 100%.
The Review
Summary
Overall, IC Markets is a great choice for traders looking for an online broker with a wide selection of financial instruments, ultra-low spreads and fast execution speeds. With the MetaTrader 5 platform available, comprehensive customer support and helpful educational resources, IC Markets stands out from its competitors in terms of service and value. No matter what type of trader you are, IC Markets has something to offer, from the Standard Account for beginners to the Raw Spread and Pro Accounts for experienced traders. Plus, with leverage and margin requirements that vary depending on the type of account and instrument being traded, traders can find the right setup to meet their needs.
PROS
- Wide selection of financial instruments
- Ultra-low spreads and fast execution speeds
- User-friendly MetaTrader 5 platform
- Diverse account types to suit different trading needs
- 24/5 comprehensive customer support
- Helpful educational resources for informed decision-making
CONS
- High margin requirements for trading cryptocurrencies
- Free VPS service is only available to clients who trade at least 5 lots per month
- The Pro Account, which offers the most benefits, may not be affordable for all traders
