ICMarkets : Broker Review

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ICMarkets

A broker is a financial institution that enables individuals to access financial markets such as stocks, forex, and commodities. It’s important to choose a reliable broker that provides a secure and trustworthy trading environment. ICMarkets is one of the popular brokers in the industry that is known for its transparent trading conditions and customer-centric approach.

 

Background Information of ICMarkets :

ICMarkets was founded in 2007 in Australia and has since expanded its services globally. The broker is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles. The company has won numerous awards for its services and has built a reputation as a reliable and trustworthy broker.

 

Lower Spreads of ICMarkets :

Our mission is to provide traders with the lowest spreads possible during all market conditions. We have invested heavily in technology and establishing strong relationships with the largest and most reliable liquidity providers. We are constantly adding additional liquidity to our True ECN trading environment in order bring traders the best possible forex trading conditions.

 

Trading Platform of ICMarkets :

ICMarkets offers a range of trading platforms including MetaTrader 4, MetaTrader 5, and cTrader. All platforms are available for desktop, web, and mobile. The platforms are feature-rich and offer advanced charting capabilities, customizable indicators, and a wide range of order types. The user interface is user-friendly and easy to navigate, making it suitable for both novice and experienced traders.

 

Faster Execution:

ICMarkets utilises enterprise grade hardware on our trade servers in the NY4 & LD5 data centre in New York & London respectively. Our trader servers are collocated with our ECN engine and liquidity providers in these data centres. Dedicated fibre optic cross connects to our ECN and liquidity providers ensures the lowest latency and fastest possible trade execution for our clients.

 

Superior Technology:

ICMarkets has partnered with the world’s best trading technology companies to bring you the ultimate trading environment and cutting edge trading tools. These tools include: Depth of Market (DoM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more. Our iPhone and Android trading applications have been optimised to provide you the best possible mobile trading experience.

 

Regulation:

ICMarkets is authorised and regulated by the Australian Securities and Investments Commission (ASIC) and The Seychelles Financial Services Authority (FSA). Trade with a peace of mind knowing IC Markets is monitored by one of the strictest financial regulatory bodies in the world.

 

Payment process:

For faster processing we recommend that all account holders deposit funds into their trading account from inside their Secure Client Area. From your Secure Client Area you will be able to fund your account in real time using Credit Card and Skrill. If you do not yet have access to our Secure Client Area please follow the Access Instructions.

 

Security of Funds:

When funding your trading account client money is held in Segregated Client Trust Accounts at National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both are AA rated Australian Banks. Electronic payments are processed using SSL (Secure Socket Layer) technology and are encrypted to ensure security. All payment information is confidential and used only for the purpose of funding your trading account with IC Markets.

 

Bank Fees:

ICMarkets does not charge any additional fees for deposits or withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions. ICMarkets accepts no responsibility for any such bank fees.

 

Third Party Payments:

ICMarkets does not accept payments from third parties. please ensure that all deposits into your trading account come from a bank account in your name. Payments from Joint Bank Accounts / Credit Cards are accepted if the trading account holder is one of the parties on the Bank Account / Credit Card.

 

Conclusion:

ICMarkets is a well-regulated and reputable broker that offers clients access to a range of trading platforms and financial instruments. The company’s competitive fees and commissions, as well as its commitment to security and reliability, make it a popular choice among traders.

 

ICMarkets is a strong choice for traders looking for a reliable and reputable broker. However, it is important to note that trading in financial markets involves risks, and traders should always conduct their own research and analysis before making any trading decisions.

Recommendation: Highly Positive for client. Fully secured.