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Who is IC Markets?

  • freeamfva jack
    • 3250 posts
     
    April 4, 2023 2:04 AM EDT

    Who is IC Markets?
    IC Markets is a subsidiary of Raw Trading Ltd. This means IC Markets offers a variety of regulated services under licence number SD018. As well as a licence to operate in its home country of the Seychelles, this forex trading platform is regulated in Australia (Australian Securities and Investments Commission) and Europe (Cyprus Securities and Exchange Commission).To get more news about ic markets, you can visit wikifx.com official website.

    Using a regulated trading platform is important, but IC Markets needs more than that to be ranked among the industry’s top-rated forex brokers.

    That’s why the company’s mission statement makes the following pledge: IC Markets offers traders “the lowest spreads possible during all market conditions.” By investing in the latest financial technology, IC Markets provides a variety of trading tools and high liquidity, assessing the market to match or better what other brokers offer.
    Who is IC Markets suitable for?
    I believe IC Markets offers something for traders at all levels. There are plenty of guides and educational resources for novices. Moreover, the minimum deposit is $200 (or currency equivalent), which is lower than other forex brokers.

    For serious and professional traders, the raw trading accounts offer competitive pricing as well as access to a variety of high-quality products, including MetaTrader and expert signals. So, based on what I’ve seen during my IC Markets review, this is a suitable online trading platform for people at every level.IC Markets ranks among the top online brokers with regard to features and products. There are five retail investor accounts when you include free trial demo options. For those who want to jump straight into the mix without using the free demo account to test out the software, there are four account types:

    Raw spread account (cTrader)
    Raw spread accounts are designed for day traders and scalpers because they give users access to interbank spreads directly from liquidity providers. The cTrader raw spread account at IC Markets offers spreads from 0.000 pips with commission charges of $3 per lot.

    The maximum leverage on this raw spread account is 1:30 and users can hold up to 2,000 positions simultaneously. Micro lot trading is available, as are all trading styles. Finally, the stop-out level for these account types is 50%, there are 61 currency pairs to trade, and the server is based in London. This makes it an ideal raw spread account for forex traders who want to focus on GBP-based currency pairs.

    Raw spread account (MetaTrader)
    The second raw spread account you can access at IC Markets gives you access to the MetaTrader platform. The general conditions of this raw spread account are the same as those listed above. This means users get access to 61 currency pairs, maximum leverage of 1:30, 50% stop-out levels, and micro lot trading.

    The notable differences, other than the fact these account types use MetaTrader, are the server location and commission charges. The server is located in New York, which can make this one of the best retail investor accounts for USD-based trades. Commission charges for this raw spread account are also higher at $3.50 per lot. Finally, you’ll be able to hold up to 200 simultaneous positions with this raw spread account.

    Standard trading account
    If raw spread accounts aren’t for you, the standard broker account gives you spreads from 0.6 pips. There’s no commission to pay on forex trades made via these retail investor accounts, and users get access to 61 currency pairs, a 50% stop-out level, leverage up to 1:30, and up to 200 simultaneous positions. Add to this access to the forex trading markets via MetaTrader and these retail CFD accounts are most suited to discretionary traders, according to IC Markets’ website.

    Islamic trading account
    Islamic accounts are available for all other account types at IC Markets. You can open one of the aforementioned retail CFD accounts and use it for Islamic trading. Islamic accounts are also known as swap-free accounts because there are no additional costs in place of swaps.

    These retail CFD accounts don’t pay interest, but users still get access to over 90 instruments, 1:30 leverage, MetaTrader, and spreads as low as 0.0 pips (with raw spread accounts).