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Forex Broker IC Markets


Rank: 

6.70

Name: 

IC Markets

Established in: 

2007

Min. account size: 

200 USD

Min. order value: 

0.01 lot

Payment methods: 

Wire Transfer, Credit Card, Paypal, MoneyBookers, Bpay

Laverage: 

1:400

Spread: 

from 0.0 pips

Official website: 

http://www.icmarkets.com

IC Markets is a true ECN forex and CFD broker that offers two of the best trading platforms available on the market: cTrader and Metatrade 4 (MT4), with the promise of Metatrader 5 (MT5) being introduced soon. 

cTrader gives the broker's clients access to Level II pricing. The ECN platform is intended for scalpers and day traders but it is in fact suitable for any trader out there. Amongst its benefits are inverted spreads, no Stop Loss and Take Profit order distance restrictions whatsoever, low latency execution, on-board VPS, Expert Advisors (EAs), 60 currency pairs available for trading, etc. Being the first Australian broker to offer cTrader, IC Markets has a definite advantage over other brokers from Down Under. 

The MT4 True ECN platform comes with similar perks – EAs, 77 currency pairs, CFDs and futures contracts, etc. Users have the option for a free VPS, one-click dealing and Android & iOS mobile trading applications. 

Both platforms offer super tight variable spreads, starting at 0 pips, however there is a commission charged – $5 USD/lot on cTrader, and $7 AUD/round turn lot on MT4 True ECN. The other difference between the two platforms is the minimum initial deposit requirement - $200 for MT4 and $1,000 for cTrader. Either way, this is a pretty reasonable amount to start with. 

Traders can also take advantage of the NinjaTrader platform. 

The Australian Securities and Investments Commission (ASIC) is the regulator overseeing IC Marketr's operations to ensure maximum customer protection. 

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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