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Forex Broker Review of IC MARKETS

3.8/5

One of the most renowned Forex Brokers, established in Australia in 2007, IC Markets has situated itself as a trading hub that accepts merchants and high-recurrence algorithmic brokers who require low-inactivity and quick execution of trades and profits

Authenticity Of IC Markets

3.34/5

The Broker firm is not associated with any bank and acts as a separate entity for trading Forex, Stocks and Indices. The firm is regulated by multiple legislative bodies which are the following:

There are being planned and regulated by the (FCA-UK) which is expected to occur soon.

Account Types:

3.98/5

The accounts offered by the firm are a total of three which include the following

Expenses & Charges

3.2/5

The minimum deposit required for an account opening is about 200$ (depending on the account) or an equivalent authorized currency. This is somewhat on the average scale as it is not too high or too low as opposed to other Best Forex Brokers, while the spreads stand at 0.6-1.2 which could be a bit better but the lower scale is somewhat manageable for all parties. There is also the point of trading fees which is charged in the form of commissions and conversion rates on offer, not considered to be too high but could have been better if not charged at all (such as Graphene FX ,  Go-Markets etc.)while inactivity fee is charged after 6 months of no activity (trade, deposits, withdrawals) but it is a mere 20$/month

Trading Platform

4.2/5

IC Markets conjures extraordinarily well to algorithmic dealers because of its execution strategies. The web trading platform of IC Markets is given by MetaTrader. It is exceptionally adjustable, accessible in numerous dialects. The lack of a personal authorized trading tool and relying on third parties is a drawback that they can overcome if the necessary steps are taken

C Trader

The C-Trader available on both desktop and web application form, includes several trading applications used for automatic trading and Social Copy Trade as well. It is limited though as some regions do not have access to this trading platform which can be a problem for some platform specific traders.

Meta Trader

Meta Trader is provided in both popular variants i.e the MT4 and MT5. Both the platforms feature advance trading tools along with exclusive plugins from Trading Central (must be installed separately though) but can be worth the hassle as they provide a better trading experience

Education

3.51/5

They do not have an advanced level of education and research material, most of it is the basic blogs and research paper content available which at times can be too basic for the experienced reader. Some articles although are more profound and provide with some great insights but this is a portion that they can improve upon in the near future to elevate their status and be talked in the same sentence as other top forex brokers.

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