Introduction and Background information
Founded in 2007, International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009.
IC Markets offers three account types are the Standard account, the True ECN and cTrader accounts.
Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $200
In addition to providing traders 63 forex pairs and 215+CFDs on indices, metals, cryptocurrencies and futures contracts on its available account types, IC Markets also provides social copy trading via Myfxbook and on the ZuluTrade platform.
In terms of educational content, it is worth mentioning that IC Markets has a good range of content for beginners under its 101 series that ranges from topics such as trading psychology to technical analysis, with nearly a dozen or more articles in each category.
IC Markets combines some in-house research resources, such as multiple technical and fundamental analysis, on its blog every day under its market analysis section, alongside content powered by third parties, including an economic calendar from MQL5 and news headlines from Myfxbook.
IC Markets is authorised by the Australian Securities & Investment Commission (ASIC) ASIC #AFSL No. 335692, CySEC #362/18, FSA-S #SD018
IC Markets offers the suite of trading platform from MetaQuotes Software Corporation, including MetaTrader4 (MT4) and MetaTrader 5 (MT5), as well as the suite of cTrader platforms from SpotWare Systems.
cTrader comes as a web-based version and desktop version for Windows, and the suite includes related trading applications from developers such as cAlgo – used for automated trading – and the cMirror platform for social copy trading.
IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5 and cTrader, all of which come standard for iOS and Android.
Deposit and Withdrawals
Deposit Methods: Bank Wire, VISA, MasterCard, Bitcoin, BPAY, ePayments, FasaPay, Klarna, Local Bank Transfers, Neteller, PayPal, Poli, Rapid Pay, Skrill, Transfer from Existing Broker, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, Local Bank Transfers, Neteller, PayPal, Skrill
IC Markets offers three account types in which trading costs vary from commission-free (spread only) on the Standard account to commission-based pricing (spread + commission) on the True ECN and cTrader accounts.
The True ECN account, which uses MT4, charges $3.5 per side for every 100k units (1 standard lot) or $7.00 per round turn (RT), whereas on cTrader it is $3.0 per side or $6.00 per standard RT.
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