IC Markets

IC Markets offers a comprehensive range of over 2100 tradable instruments across various asset classes. Clients can access more than 60 Forex currency pairs, including majors, minors, and exotics. The broker also provides CFDs on major global Indices such as the S&P 500 and DAX 40, and a wide array of Commodities including precious metals like Gold and Silver, energies like Crude Oil, and soft commodities.

Furthermore, traders can speculate on Stocks CFDs from major exchanges like NYSE, Nasdaq, and ASX, as well as several Bond CFDs and Futures CFDs. For those interested in digital assets, Cryptocurrency CFDs are also available, allowing trading on popular cryptos like Bitcoin and Ethereum.

IC Markets provides a selection of account types tailored for different trading styles. The Standard Account is ideal for discretionary traders, offering spreads from 0.6 pips with no commission. The Raw Spread Account is designed for day traders, scalpers, and Expert Advisor users, featuring spreads from 0.0 pips on major pairs with a commission of $3.50 per lot per side.

Additionally, the cTrader Raw Spread Account offers similar tight spreads and commission on the cTrader platform. For Muslim traders, IC Markets offers Islamic (Swap-Free) accounts, which are compliant with Sharia law by removing overnight swap charges, though alternative fees may apply.

Opening an account with IC Markets is a straightforward online process. Prospective clients typically begin by completing an application form and then proceed with digital onboarding for fast verification. This usually involves submitting identification documents (ID) and proof of residency (POR) to comply with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Once documents are received and the account is fully verified, clients can fund their trading account and commence trading. The verification process is generally efficient, allowing traders to start within a short timeframe.

IC Markets offers a powerful suite of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, alongside a WebTrader version. MT4 and MT5 are renowned for their robust charting tools, extensive customization options, and support for automated trading via Expert Advisors (EAs). The MT4 and MT5 servers are located in the Equinix NY4 data center, ensuring low latency and fast execution speeds, typically under 40ms.

cTrader is another popular choice, known for its advanced charting, depth of market, and sophisticated order types, catering to both manual and automated traders. IC Markets also integrates copy trading functionality through cTrader Copy and its own IC Social app, allowing users to replicate strategies of signal providers. These platforms are available across Windows, Mac, iOS, Android, and web browsers, providing flexibility for traders.

IC Markets supports over 15 flexible funding options in 10 different base currencies. Popular deposit methods include Bank Transfer, Credit/Debit Cards (Visa, Mastercard), PayPal, Skrill, Neteller, UnionPay, and others like Bpay and FasaPay. Most deposits are instant and IC Markets generally does not charge fees for deposits or withdrawals.

Withdrawal requests are typically processed by the BackOffice Department within one working day. However, the time for funds to reach the client's account varies by method: bank transfers usually take 3-5 working days, while credit/debit card withdrawals can take up to 10 working days. Other payment methods are usually processed within one working day. It is important to note that third-party payments are not accepted, and accounts must be fully verified before withdrawals can be processed.

IC Markets operates under several regulatory bodies globally. Its primary entity, International Capital Markets Pty Ltd, is regulated by the Australian Securities and Investments Commission (ASIC) with License No. 335692. For European clients, IC Markets (EU) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License No. 362/18, offering investor protection through the Investor Compensation Fund (ICF).

Beyond these, IC Markets Global entities are regulated by the Securities Commission of The Bahamas (SCB) with License No. SIA-F214, the Financial Services Authority of Seychelles (FSA) with License No. SD018, and the Capital Markets Authority (CMA) of Kenya with License No. 199. These diverse regulations allow IC Markets to serve a broad international client base, though specific trading conditions and investor protections differ based on the regulating entity.