IC Markets, one of the top rated brokers on the market
IC Markets, full name International Capital Markets Ltd. Is the largest ECN broker in Australia. It is de facto the only company in the world which offers true ECN environment (interbank market environment) to ordinary clients and beginners.
This company based in Sydney was founded in 2007 by a team of professionals, who set their goal to become the biggest online business services provider in Australia as well as to create a transparent environment for their clients and finally to enable them to focuse more on traiding than on their broker.
IC Markets is regulated company by the Australian Securities & Investments Commission (ASIC), No. 335692. According to the ASIC regulations all client deposits are held in separate accounts, which in practice means that nowbody from the company can manipulate with your deposits. This fact is regurarly monitored by auditors. Trading with IC Markets is therefore safe.
Business accounts at IC Markets
Let´s move to the business accounts. Every new client can choose from 3 options. If you are supporter of the popular platform MetaTrader, you will be pleased by IC Markets. In their offer you can find both MetaTrader 4 and also MetaTrader 5. As a web platform you can use cTrader. Variants for mobile phones like iPad, iPhone or Android are of course available.
Minimal deposit is set at $200 for all types of accounts, then maximal lever at 1:500. The spread starts from 0 pip but commission fees are paid. Everything depends on the type of account.
All business accounts gives access to currency trading, CFD, comodities and Australian stock and options. IC Markets builds on giving their retail partners the same conditions as large international corporations, banks, investment and hedge funds have. Thanks to that they offer their clients the lowest possible spread and really low commission fees. More in the table below.
Types of business accounts
|Spread||from 1 pip||from 0 pip||from 0 pip|
|Commission||None||$3.5 / lot||$3 / lot|
|Number of currency pairs||64||64||64|
|Maximal lever||1 : 500||1 : 500||1 : 500|
|Trading with 1 click||Yes||Yes||Yes|
The summary shows a so-called Islamic account which is an account without interests. This option is available to anybody who asks for it at the technical support.
If you have already decided for your ideal business account, then comes the registration. Registration process is quite usual. You will be asked for verification of your address and one personal document. Processing of all formalities usually takes 24 hours. During that time you can already trade because you can insert your finances thanks to online wallets as Paypal, Netteler or Skrill. With these wallets you can truly start trading in few minutes.
Or you can use payment with your credit card or bank transfer.
I do not want to trade by my own but I want to let you manage my account, is it possible?
Yes, IC Markets is even ideal for this option. Not only that they offer you 100% support of all automatic trading systems which are very convenient to apply on business account of True ECN type and they also offers possibility of MAM (Multi Account Manager). That means managing of more accounts in once and PAMM which is method of personal administrator of your account. You can find more informations in the video in the side tab.
Another way to let others to manage your account is withZuluTrade, popular method of social trading which we have devoted many times a tour portal.
From the greatest advantages is neccesary to highlight very low spread starting at 0.1 pin to EURUSD. This fact makes IC Market one of the best brokers for automatic trading systems and also trading systém so-called scalping. Withal at most of brokers the spread amount significantly increases if you are using pending commands. In case of IC Markets this happens as well but only in very limited rate.
Moreover they offer excellent technical support to their clients, educational programs, segregated accounts, VPS and a lot more benefits.
From June 30 new regulations of ASIC are valid
As of June 30, 2019, the Australian Securities Commission has introduced a legislative change that approximates European rules. According to the first reports, however, it seems that this will not affect the quality of IC Markets services.
Do you have experience with IC Markets? Do not hesitate and share it with us!