Ic markets review: 3 key findings for 2021

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CFDs are complex instruments & come with a high risk of losing money rapidly due to lớn leverage. Between 74-89% of retail investor accounts đại bại money when trading CFDs.

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You should consider whether you understand how CFDs work và whether you can afford khổng lồ take the high risk of losing your money. This nội dung is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

IC Markets caters exceptionally-well to lớn algorithmic traders through its commission-based accounts. That said, the range of markets, & retìm kiếm materials offered by IC Markets are not as impressive sầu.

Top Takeaways for 2021

Here are our top findings on IC Markets:

The IC Markets br& maintains regulatory status in one tier-1 jurisdiction & one tier-2 jurisdiction, making it a safe broker (average-risk) for forex & CFDs trading. IC Markets excels for its low-costs and scalable execution that fits perfectly for traders running algorithmic strategies (Expert Advisors) on the MetaTrader and cTrader platform suite. Special Offer:

Overall Summary


Rank: 17th
FeatureIC Markets
Overall 4 Stars
Trust Score85
Offering of Investments 3.5 Stars
Commissions & Fees 4.5 Stars
Platforms và Tools 4 Stars
Research 3.5 Stars
mobile Trading 4 Stars
Education 3.5 Stars

Is IC Markets Safe?


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Trust Score

IC Markets is considered average-risk, with an overall Trust Score of 85 out of 99. IC Markets is not publicly traded and does not operate a ngân hàng. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), & one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities và Investment Commission (ASIC). Learn more about Trust Score.

Regulations Comparison
FeatureIC Markets
Year Founded2007
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses1
Tier-2 Licenses1
Tier-3 Licenses1
Trust Score85

Offering of Investments


Rank: 16th

IC Markets offers a total of 291 tradeable instruments across its Australian, Cyprus, và Seychelles-based entities. The following table summarizes the different investment products available lớn IC Markets clients.

Cryptocurrency: Cryptocurrency trading is available through CFDs, but not available through trading the underlying asmix (e.g. buying Bitcoin). Note: Crypkhổng lồ CFDs are not available to retail traders from any broker"s UK entity, nor lớn UK residents.

IC Markets offering of investments:
FeatureIC Markets
Forex Trading Yes
CFDs (Total) 230
Forex Pairs (Total)61
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading / Copy-Trading Yes

Commissions and Fees


Rank: 6th

Overall, given the low deposit requirement for both commission-based accounts, và the small effective sầu spreads, IC Markets keeps up with the best forex brokers for low trading costs, including Saxo Bank, IG, & CMC Markets.

Account types: IC Markets offers three trương mục types in which trading costs vary. There is the commission-không lấy phí (spread only) Standard tài khoản and two commission-based pricing (spread + commission) on the Raw Spread và cTrader accounts.

cTrader versus Raw Spread account: The cTrader tài khoản has about a tenth of a pip lower commission than the Raw Spread trương mục, making both accounts similar. The main difference is the platkhung that can be accessed. For example, the Raw Spread trương mục, which uses MT4 or MT5, charges $3.5 per side for every 100k units (1 standard lot) or $7.00 per round turn (RT). In contrast, on cTrader, it is $3.0 per side or $6.00 per standard RT.

Effective spreads: IC Markets lists its average spread on the EUR/USD at 0.1 pips. After adding the commission equivalent of 0.6 pips on the cTrader tài khoản, the all-in costs would be 0.7 pips (or 0.8 on MetaTrader in the Raw Spread account), which is competitive.

Active sầu traders: IC Markets also offers further discounts khổng lồ traders that trade over 100 standard lots per month, akin khổng lồ an active trader offering. Meanwhile, the commission-không lấy phí standard tài khoản, with average spreads of 1.1 pips on the EUR/USD, is a less attractive option compared to lớn the other two commission-based tài khoản types.

Agency execution: IC Markets provides execution on an agency basis, which means orders may be subject to lớn positive sầu or negative slippage as there are no requotes or instant execution.

IC Markets pricing summary:
FeatureIC Markets
Minimum Initial Deposit$200
Average Spread EUR/USD - Standard0.8 (July 2020)
All-in Cost EUR/USD - Active0.7 (July 2020)
Active sầu Trader or VIP. Discounts Yes

Platforms & Tools


IC Markets caters exceptionally-well to algorithmic traders thanks lớn its execution methods (i.e., no requotes) và by allowing orders khổng lồ be placed within the spread. Both the MetaTrader & cTrader platkhung suites are available, và copy-trading platforms help round out its offering. Overall, IC Markets is a top contender in our best MetaTrader brokers category this year.

MetaTrader suite: IC Markets offers MT4 and MT5 for website & desktop. The desktop versions feature the Advanced Trading Tools package offered as an available add-on, along with plugins from AutoChartist & Trading Central. While these plugins must be installed separately, they are worth the effort to lớn enhance the mặc định MetaTrader experience.

cTrader suite: The IC Markets cTrader platform offering includes both the web-based và desktop versions. The cTrader suite includes several trading applications such as cAlgo – used for automated trading – & cTrader Copy for social copy trading. Note: cTrader is not available through the broker’s European br&, IC Markets EU.

MetaTrader Tools: IC Markets provides the Advanced Trading Tools add-on developed by FX Blue LLP, as well as installable plugins from Trading Central and AutoChartist.

VPS services: For traders that bởi at least 15 standard lots, the broker offers several third-party Virtual Private Servers (VPS) services khổng lồ host client algorithms.

Social copy trading: In addition to cTrader Copy và the native sầu Signals market from MetaTrader, IC Markets also offers Myfxbook & the ZuluTrade platforms for copy trading across all its global brands.

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Despite thorough social copy-trading resources and a selection of platkhung add-ons, retìm kiếm is not IC Markets’ strongest point. Overall, I found there to lớn be a gap between the range of retìm kiếm and related resources available at IC Markets when compared to industry leaders such as IG and Saxo Bank.

Market Analysis: IC Markets combines in-house technical and fundamental analysis nội dung on its blog with daily updates in its market analysis section. The content is just “ok.” The main drawbaông chồng is that IC Markets lacks đoạn Clip nội dung and chất lượng news headlines in its platforms.

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IC Markets has a basic range of nội dung for beginners. For example, under its 101 series, materials range from topics such as trading psychology khổng lồ technical analysis, & there are nearly a dozen or more articles in each category. Despite this foundation, IC Markets lacks the depth and diversity of educational nội dung offered by the best forex brokers for beginners.

To enhance its educational offering, IC Markets should consider expanding its educational nội dung khổng lồ include more intermediate & advanced concepts, alongside offering more video clip material.

IC Markets education:
FeatureIC Markets
Has Education - Forex Yes
Has Education - CFDs No
Client Webinars No
Client Webinars (Archived) Yes
Videos - Beginner Trading Videos No
Videos - Advanced Trading Videos No
Investor Dictionary (Glossary) Yes
Tutorials/Guide (PDF or Interactive) No

Smartphone Trading


IC Markets provides the sản phẩm điện thoại version of the three platforms it offers, including MetaTrader 4, MetaTrader 5, & cTrader, all of which come standard for iOS và Android. The lineup is good; however, it should be noted that the leaders in Mobile (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps.

Tools comparison: When it comes khổng lồ sản phẩm điện thoại, both the MetaTrader và cTrader suite have sầu similar functionality & charting. The platkhung you choose will likely depkết thúc on whether you trade manually or use automated trading systems on the respective sầu desktop version.

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Algorithmic trading: That said, automated trading is not possible in the thiết bị di động versions of cTrader and MetaTrader platforms. That means both are only an option to manage existing positions or manually open new trades. Finally, copy-trading is available on Mobile on the related supported platforms, including the ZuluTrade Mobile tiện ích.

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Final Thoughts

IC Markets appeals primarily lớn algorithmic traders that use the MT4, MT5, or cTrader platforms, & who need agency execution coupled with competitive spreads và low commissions. Catering to lớn high-frequency traders helps IC Markets achieve sầu significantly higher trading volumes relative to its peers, as automated trading strategies can typically bởi higher turnover than manual traders.

Although retìm kiếm & education are not IC Markets’ svào point, the broker has room khổng lồ build on its existing foundation. Offering social trading on Myfxbook & ZuluTrade helps round out its offering to lớn retail forex & CFD traders.

The Standard tài khoản would not be my choice as spreads are inherently wider compared lớn the Raw Spread account for MT4 or the cTrader account. Bottom line, I do not recommover IC Markets unless you are an algorithmic trader.

FAQs

Is IC Markets a good broker?

IC Markets is a good broker for investors who want khổng lồ run automated trading strategies on MetaTrader và cTrader platforms. IC Markets provides social copy trading platforms and a growing selection of research và educational materials, & offers competitive sầu pricing.

Is my money safe with IC Markets?

IC Markets is regulated in nước Australia, Cyprus, the Bahamas, & Seychelles; the degree of safety of your funds will depend on which entity holds your funds.

For example, in nước Australia, the National Guarantee Fund does not provide any protection when trading CFDs, but IC Markets maintains indemnity insurance và holds your funds in a Client Moneys Trust Account). For clients of IC Markets in Cyprus, the Investors Compensation Fund can protect eligible retail clients in the unlikely event of bankruptcy, for up to 20,000 euros per account held by IC Markets EU.

IC Markets was founded in 2007, & factors such as its years of operation và scope of regulatory licenses should be taken into consideration when choosing a broker. Going with a broker that is well-capitalized also reduces your potential counterparty risk.

What is the minimum deposit for IC Markets?

The minimum deposit at IC Markets starts at $200 to lớn open a live trương mục, regardless of the trương mục you choose, including the Standard, Raw, and cTrader tài khoản options. There are also over a dozen funding methods available, ranging from ngân hàng transfers & credit cards lớn third-tiệc nhỏ payment providers such as PayPal và UnionPay.

About IC Markets

With servers in New York (Equinix NY4) and London (Equinix LD5), IC Markets has positioned itself as an agency broker that caters lớn scalpers & high-frequency algorithmic traders who require low-latency và fast execution. Founded in 2007, IC Markets executes over 500,000 trades per day, of which 60% are algorithmically-driven, totaling more than $15 billion in daily volume. IC Markets has 117 staff, as per its Wikipedia page.

2021 nhận xét Methodology

For our 2021 Forex Broker Đánh Giá we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research. Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative sầu scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation và corporate structure (read about Trust Score here). As part of our annual Reviews process, all brokers had the opportunity khổng lồ provide updates và key milestones and complete an in-depth data profile, which we hand-checked for accuracy.Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with chất lượng data they can trust. Learn more about how we demo.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect lớn margin-based foreign exchange trading, off-exchange derivatives, & cryptocurrencies, there is considerable exposure to lớn risk, including but not limited to lớn, leverage, creditworthiness, limited regulatory protection & market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


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About the author: Steven HatzakisSteven Hatzakis is the Global Director of Research for dnth.vn. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active sầu fintech và crypto industry researcher & advises blockchain companies at the board cấp độ. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to lớn consulting to serving as a registered commodity futures representative.



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Commission Notes

Below is an overview of trading costs at IC Markets across its three trương mục offerings, including contract specifications for its cryptocurrency CFDs:

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Standard account: This is a commission-không lấy phí tài khoản used with MT4. An average EUR/USD spread of 1.1 pips is listed by IC Markets for the standard trương mục.True Ecông nhân account: This is a commission-based account used with MT4. An average EUR/USD spread of 0.1 pips is listed by IC Markets for the True Ecông nhân trương mục, và its commission is $7.0 round turn ($3.5 per side), bringing its all-in cost to 0.8 pips (after adding the 0.7 pip commission equivalent).cTrader account: This is a commission-based tài khoản used with cTrader. An average EUR/USD spread of 0.1 pips is listed by IC Markets for the cTrader tài khoản, and its commission is $6.0 round turn ($3.0 per side), bringing its all-in cost khổng lồ 0.7 pips (after adding the 0.6 pip commission equivalent).

For active traders that vị more than 100 standard lots in volume, IC Markets provides further discounts (on a case-by-case basis) on the applicable commission rate.



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