IC Markets is one of the most reputable Forex brokers, regulated by at least one top-tier regulator. This ensures that your money is safe and secure.
IC Markets accepts various deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and eWallets such as PayPal, Skrill, and UnionPay. All client funds are segregated and insured.
Table of Contents
Minimum deposit
IC markets require a minimum deposit of $200 to open a live account. This is a little higher than some brokers but still an accessible amount for traders of all experience levels.
Traders can deposit funds into their accounts using credit cards, bank transfers, PayPal, NETELLER, Skrill, and UnionPay. Besides, various payment methods are available in 10 currencies, including the Australian dollar, Euro, GBP, and USD.
IC Markets is regulated by multiple reputable regulatory entities, including the Australian Securities and Investments Commission (ASIC), CySEC, the Financial Services Authority (FSA), and the Securities Commission Bahamas (SCB). The broker also keeps client money in segregated client trust accounts with top-tier international banks and is fully insured to protect client funds.
Minimum withdrawal
IC Markets offers various account types that suit the needs of different traders. These include two Raw Spreads trading accounts (one operating on cTrader, the other MetaTrader), a Standard account, and a Swap-Free Islamic account.
These account types are backed by the company’s’ ultra-fast Equinix data centers in London and New York. This enables IC Markets to deliver exceptional connectivity and reliable order execution for its users.
Traders can also benefit from the company’s’ low latency and high-speed order-matching capabilities. Its trading platform supports all major strategies, including scalping, hedging, and automated algorithmic trading.
IC Markets is an Australian-based broker that allows clients to trade in several currencies. It is regulated in Australia, Cyprus, and Seychelles.
Customer support
IC Markets is a renowned Forex CFD provider that offers cutting-edge trading platforms, low latency connectivity, and superior liquidity. The broker also provides customer support in several languages, including German, Danish, Polish, and English.
Unlike other online brokers, IC Markets does not charge any deposit or withdrawal fees on trades made with their platform. Traders can deposit funds via credit/debit card, PayPal, Neteller, Skrill, and UnionPay.
Concerning customer support, IC Markets is above average for its variety of communication channels. Customers can call, email and use the live chat function on its website 24 hours a day.
The live chat function is a little hit-and-miss, with the speed of response varying from session to session. It’s a good idea to prepare your questions in advance, as the answers can be ambiguous or overly long.
Trading platform
IC Markets offers a platform that supports various trading instruments, including forex, CFDs, bonds, and crypto. This broker also provides its clients various technical tools and indicators for analyzing price movements and executing trades.
Moreover, IC Markets offers a range of deposit and withdrawal methods, including credit cards, bank transfers, broker-to-broker transfers, and instant funding options such as PayPal, NETELLER, Skrill, and Union Pay. Domestic bank transfers and e-wallet withdrawals are usually processed within the same business day, while international transfers may take 3-5 days.
IC Markets accepts deposits in more than ten currencies, including USD, EUR, GBP, SGD, NZD, JPY, CHF, and CAD. Its vast selection of base currencies is another positive point, as it ensures you don’t have to worry about currency conversion fees.
