IC Markets Review (Official) | Is it a Scam? All you need to know

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Everything you need to known about IC Markets: Full Review for Beginners

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By: Moses Davis - May 30, 2020

IC Markets is an Australian broker which started its operations in 2007. It is registered under license number 335692. The broker is owned by International Capital Markets PTY and has its headquarters in Sydney.

 

Which assets are offered by IC Markets

 

IC Markets trading platform

IC Markets offers traders three trading platforms. The three platforms ensure that traders experience an enhanced trading experience and are able to place trades on different assets with ease. Let's look at the three platforms.

cTrader

cTrader platform fuses speed of high performance trading platform with deep liquity of IC Markets, giving traders the ultimate trading solution. The platform is custom made for ECN trading.  Its designed for high speed execution  coupled with a unique design, elegant user interface and advanced features making it a favurite for discretionary traders.

MetaTrader 4

MetaTrader 4 is truly the most popular trading platform globally. This award wining platform is popular due to its ease of use, automated trading ability and its feature rich environment. The platform supports a wide range of technical indicators and Expert Advisors (EAs) for automated trading. The platfor 

MetaTrader 5

MetaTrader 5 is an improved version of the previous versions. It has an advanced charting technology and is upgraded with an excellent order management tools to help traders monitor and control open positions quickly and efficiently. The platform is available on desktop, web-based platform and on mobile apps for both Android and Apple.

 

What type of accounts does IC Markets offer

IC Markets offers three types of trading accounts. A standard account, a raw spread account and a cTrader account.The table below explains features of these accounts.

 

How to make a deposit on IC Markets

IC Markets offers over 15 different ways for traders to fund their accounts using 10 base currencies. Deposits are free and instant. Deposits can be made using these currencies Australian Dollar (AUD), United States Dollar (USD), Euro (EUR), Canadian Dollar (CAD), British Pound (Sterling GBP), Singapore Dollar (SGD), New Zealand Dollar (NZD), Japanese Yen (JPY), Hong Kong Dollar (HKD) and Swiss Franc (CHF).The table below highlights some of the popular methods for traders to make a deposit to IC Markets.

 

Is IC Markets a scam or safe?

IC Markets is not a scam but a safe broker.

IC Markets operates under different brands depending on the geographical area namely; IC Markets (SC) owned by True ECN Trading Ltd which is regulated by the FSA in Seychelles,

IC Markets (EU) is available for European traders and regulated by CySec and International Capital Markets Pty Ltd regulated by the Australian Securities & Investments Commission (ASIC). The broker is also a member of Financial Ombudsman Service (FOS) which allows resolves any complaint that may arise.

 

Guide on how to make money online with IC Markets

IC Markets website is rich with educational materials to guide traders. The materials cover a wide range of topics including lessons on risk management and technical analysis. A demo account offered by IC Markets provides an opportunity for new traders to learn trading without risking real money. On the education section traders will get general educational videos, webinars, platform tutorial videos and educational articles. 

Customer Support

 

IC markets have has put in place an excellent customer support team. Traders queries are addressed by a competent team within a short duration of time and in different languages including English, Dutch, Chinese, Afrikaans, Polish, , Danish, German, Japanese and others. The support team can be reached via Livechat, email or phone support.

Is IC Markets available in my country

 

IC Markets accepts traders from these countries

IC Markets accepts traders from these countries; Albania, Algeria, Andorra, Argentina, Armenia, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Comoros, Republic of the Congo, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, East Timor (Timor-Leste) Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Fiji, Finland, France, Gabon, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kosovo, Kuwait, Laos, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Federated States of Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Nigeria, North Macedonia, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Serbia, Seychelles, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, Spain, Sri Lanka, South Sudan, Sudan, Suriname, Sweden, Switzerland, Syria, Taiwan, Tajikistan, Thailand, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Venezuela, Vietnam and Zambia

IC Markets does not accept traders from these countries

Governmental restrictions along with  policies prohibit IC Markets from opening accounts originated from the following restricted and/or OFAC sanctioned countries: Afghanistan, Bolivia, Guinea Bissau, Botswana, Guinea Conakry, Sierra Leone, Burma (Myanmar), Iran, Syria, North Korea, Iraq, Togo, Cambodia, Lesotho, Yemen, Cote d'Ivoire (Ivory Coast), Liberia, Zimbabwe, Cuba, Libya, Tanzania, Democratic Republic of Congo, Mali, Senegal, Angola, Niger, Former Liberian Regime of Charles Taylor, Gambia, Namibia, Antigua and Barbuda and Kyrgyzstan.

 

Traders from these countries should look for alternative brokers like IQ Option, Olymp TradePocket Option, Etoro, Expert Option, XM, FXTM or Binomo

 
 

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