Forex Broker – IC Markets

IC Markets Review

IC Markets is the biggest forex and CFD broker in Australia and one of the largest in the Asia Pacific region, offering a true ECN trading experience on Metatrader 4. IC Markets appeals to active forex traders and those utilising expert advisors in their automated trading strategies. IC Markets has well in excess of 58,000 clients in the region transacting over $40 billion per month in forex volumes and is well known for having some of the lowest spreads in the industry with the average EUR/USD spread being 0.1 pips.

Company Information

Name:
IC Markets (International Capital Markets Pty Ltd)
Website:
www.icmarkets.com.au
Founded in:
2007
Headquarters:
Sydney, Australia
The Owner:
International Capital Markets Pty Ltd
Regulation:
Australian Securities and Investment Commission (ASIC)
Phone:
+61 2 8014 4280
Email:
info@icmarkets.com.au
Min Lot Size:
1,000
Maximum Leverage:
1:400
Minimum Deposit:
$200
Minimum Trade Amount:
$1
Maximum Per Trade:
No maximum
Languages Available:
English, Spanish, Portuguese, German, French, Russian, Mandarin, Cantonese and Japanese

Trading Platform

IC Markets offers the Metatrader 4 and 5 as well as the C-Trader trading platforms. All trading platforms are offered in a True ECN trading environment, perfect for scalpers and automated trading. Hosted in the NY4 data centre in New York just 11 miles from Wall street IC Markets True ECN account combines unrivalled trade execution speeds and unmatched connectivity with some of the tightest spreads available globally, making IC Markets the forex broker of choice for active traders and scalpers alike.

In addition to our downloadable trading platforms IC Markets offers iPhone and Android trading as well as an easy to use online web trading platform. IC Markets mobile trading platform allows the users to trader on the go, the web based trading platform gives you the same features as the downloadable software but giving you the freedom to trade from any computer with an internet connection.

Money managers can take advantage of the MAM/PAMM accounts, which connect directly to the Metatrader 4 trading platform. IC Markets MAM/PAMM software can manage multiple accounts with Expert Advisors. Commission can be monitored in real time and managers can use, unique order types, easily manage client reports and choose from 3 allocation methods (lot, percentage and proportional).

Main Features

IC Markets is one of the few True ECN brokers in world offering the Metatrader 4 and 5 trading platforms with an account opening minimum of only $200. There are 56 currency pairs on IC Markets platform along with 4 metals and 8 CFDs this is one of the largest ranges available on MT4. Their spreads are some of the lowest in the world with spreads from zero pips and an average EUR/USD spread of 0.1.

IC Markets True ECN account combines unrivalled trade execution speeds and unmatched connectivity to in excess of 50 banks and dark pool liquidity sources, guaranteeing traders world class pricing and trade execution.

IC Markets has no restrictions on how close stop loss or take profit orders can be placed to the current market price. IC Markets MetaTrader 4 True ECN platform is ideal for Expert Advisors and traders who scalp the markets. This combined with IC Markets one-click trading module which displays market depth and allows one-click trading from the charts makes IC Markets the broker of choice for active day traders and scalpers.

Customer Support

IC Markets has a highly professional customer support team contactable by email, skype or online chat. Response times are within 10 – 15 minutes, IC Markets focuses on quality service. Support is available in 7 different languages 24 hours a day 5 days a week.

User Friendly

IC Markets Metatrader 4 platform is not your conventional Metatrader 4. The platform combines all the features of Metatrader along with the benefit of a one click-trading and trade manager module allowing users to easily place trades with one click, scale in an and out of positions along with a number of other additional trade management features not available in the conventional version of Metatrader 4.

In addition to Metatrader 4 IC Markets offers the Ctrader platform, this platform has one of the easiest to use interfaces and is especially popular due to its easy to use interface.

Ultimate Overview

Overall, we are very happy with this broker, they offer one of the world’s only Metatrader 4 True ECN trading platforms and are one of the first brokers globally offer the Ctrader platform. If you are looking to use an expert advisor or day trade and scalp the forex market IC Markets should be on the top of your shopping list.