ICMarkets – an overview of a reliable broker and customer reviews

29.07.2022

Year of foundation

2007

Site

https://www.icmarkets.com/

Software

МВ4, МВ5 и cTrader

Payment systems

Bank cards, bank transfer, PayPal, Neteller, Skrill, Union Pay

Affiliate program

Π”Π°

Rating

7.8

  1. General Information
  2. Broker advantages
  3. Disadvantages of the broker
  4. Affiliate program
  5. Trading conditions
  6. Commissions
  7. Types of accounts
  8. Bonus program
  9. Training materials
  10. Security assurance
  11. Depositing and withdrawing funds
  12. Support service
  13. Personal Cabinet Overview
  14. Contact
  15. ICMarkets customer reviews

ICMarkets is an international broker operating in the financial markets since 2007. The company is founded in Australia and has AFSL and ASIC licenses. ICMarkets is oriented to traders with different level of skills on financial markets. This is evidenced by the availability of professional analytical tools and training materials for novice investors.

πŸ“Š Assets Stocks, Futures, CFD,Forex
βš–οΈ Leverage From 1:1 to 1:500
βž• Affiliate Program Yes
πŸ’° Minimum deposit 200$
πŸ’³ Account currency USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC
πŸ’Ή Spreads From 0 points
πŸ’Έ Brokerage accounts Demo, Raw Spread, cTrader, Standard, Islamic
🎁 Bonuses No
πŸ“± Mobile Platform Yes

General Information

ICMarkets positions itself as a universal broker for active and passive investing. Adherents of standard trading get access to analytical tools and modern trading terminals. Investors who prefer to trade in automatic mode can use auto-trading services. The company also provides an opportunity to use trading robots and advisors.

About the broker ICMarkets reviews indicate that the company provides traders with the most convenient conditions for professional investing. Users of the trading platform can close orders according to a personal template, trade on international exchanges and use analytical tools to study financial markets. The company cooperates directly with liquidity providers. This allows ICMarkets to provide traders with asset quotes in real time.

Broker advantages

  • Ability to disable swaps.
  • Fast processing of orders.
  • Automatic trading platform.
  • Stable funds withdrawal.

Disadvantages of the broker

  • The support service does not work on weekends.
  • There is no bonus program.
  • Sometimes there are delays in the withdrawal of funds to the card.
  • Investment programs

ICMarkets has developed several options for investment programs for passive trading. For example, under the program "Investment Manager" the broker's clients can advise other traders on MAM AND PAMM accounts. In this case, investors get access to the Raw Pricing system, which implies increased liquidity and low spreads. Professional financial managers and brokerage firms can participate in the White Label program.

For passive trading ICMarkets broker also offers a service for copy trading. Its users can copy trades of other traders. Active investors get an opportunity to be on a rating of providers of trading signals and get a percentage from their deals which are copied by other traders.

Affiliate program

Affiliate program

ICMarkets affiliate program is available to the broker's clients with any trading volume. Both experienced and novice traders can join it. Referring new clients to the company's affiliate program you get a percentage of referrals' profit. Payments to the broker's partners are deposited to their trading accounts.

Trading conditions

ICMarkets trading conditions are suitable for scalping. The broker offers low spreads from 0 pips and provides instant order processing. The minimum deal volume is 0.01 lots. This makes trading with ICMarkets accessible to investors with any level of training. The advantages of ICMarkets include the possibility of one-click trading. The online broker does not impose restrictions on trading, such as requoting.

Traders have access to popular trading terminals, including MT4, MT5 and cTrader. ICMarkets clients can also use the mobile platform. Once the trading terminal is connected and the account is funded, investors can trade currency, commodity and stock market assets.

Commissions

The broker does not charge any commission for deposit and withdrawal of funds. Commission charges may be set by payment services and banks. This information must be clarified when opening an account. For example, the bank transfer is charged a fee of 20 AUD.

The company also sets trading fees, which include spreads and swaps. The amount of the first ones starts from 0 pips and depends on the selected tariff plan. The broker offers an opportunity to disable swaps (commission for transferring open trades to the next trading day). It is possible if you connect Islamic swap-free account.

Types of accounts

ICMarkets broker offers several types of accounts for real trading on financial markets. The company also provides an opportunity to connect a no-swap Islamic account.

ICMarkets account types:

  1. Raw Spread (cTrader). On this account, there is a commission for trade turnover of $100 thousand and more. Its size is$3. Other features of this tariff include the spread from 0.1 pips. This account is available for users of cTrader.
  2. Raw Spread. This account is suitable for scalping addicts trading on MT4 and MT5. Raw Spread account implies a $3.5 commission per 1 lot.
  3. Standard. There is no commission for this account, and spread is limited to 1 pip. Standard account can be opened by MetaTrader 4 and MetaTrader 5 users. Beginner investors can connect a demo account. You do not have to make a deposit to use a demo account. You can activate a demo account after registration on ICMarkets website.

Bonus program

Bonus program

ICMarkets does not provide any additional bonuses to its clients. Perhaps in the future the company will develop a bonus program and traders will be notified by phone or through other communication channels with the broker. The company's management believes the best reward for investors is the opportunity to use professional analytical tools and services for automated trading.

Training materials

A section with training materials on investing in financial markets is available to novice traders on ICMarkets website. You will find a free access dictionary of basic terms and a blog with forecasts and reviews of trading platforms. You can also ask the broker's managers for assistance.

Security assurance

ICMarkets is supervised by the Australian Financial Services Commission - ASIC. The broker adheres to the standards and rules set by this regulator. The company regularly undergoes an external audit. This procedure helps to establish the reliability of the brokerage company. ICMarkets keeps all client data in closed databases, which guarantees investors financial and personal security.

Depositing and withdrawing funds

You can deposit or withdraw money via Visa and MasterCard, PayPal, Neteller, Skrill, Union Pay and other payment systems. Bank wire transfers are also available. Traders who prefer to make transactions in cryptocurrency can use Bitcoin Wallet.

Withdrawal requests are processed by specialists from ICMarkets' operations department. Requests are processed only on business days, so the broker recommends submitting a withdrawal request at the beginning of the week. The period of transfer depends on the chosen payment system and the amount of withdrawn funds. On average, ICMarkets takes 2-5 working days to withdraw funds to the card.

Support service

ICMarkets managers consult the broker clients from Monday to Friday. The support service does not work on weekends. You can contact the support representatives by email, phone or through online chat. You can also use the "Callback" function. To do this, leave your contact information on the company's website and a manager will call you back.

Personal Cabinet Overview

Only registered clients of the broker can enter the ICMarkets personal cabinet. You can register on the company's website by filling out a contact form. After that you will receive the data for logging in to your personal account.

In your personal account you will find several main sections. In your personal trader's account, you can manage your trading accounts and track all the financial transactions you make through the broker. In the personal cabinet you can apply for withdrawal of funds and connect a demo account.

Contact

Phone

+248 467 19 76

E-mail

[email protected]

Social media

https://www.facebook.com/icmarkets, https://twitter.com/IC_Markets, https://www.instagram.com/icmarkets.official/, https://www.linkedin.com/company/icmarkets

ICMarkets customer reviews

Having studied ICMarkets reviews, we can assert that the majority of traders are satisfied with their cooperation with the broker. The advantages of the company include the stability of withdrawal of funds, flexible trading conditions and opportunities for automatic trading. To the disadvantages, investors include the inability to contact the support team on weekends.

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