This is a review of IC Markets written by a trader who has participated in live trading with IC Markets. In the event that you are looking for a reputable forex broker that accepts PayPal, IC Markets is the place to go. IC Markets is not only one of only a few True ECN brokers, but it is also a well-established and reputable company. It has been cultivating a loyal clientele in its home market of Australia, and it has recently gained traction with international traders as well. The company has been in operation for slightly less than 15 years, is regulated by a Tier-1 regulatory authority, and possesses a number of unique characteristics that distinguish it from the competition. However, while IC Markets is a broker that Forex Fraud classifies as a ‘Trusted Broker,’ the company is not only legitimate, but it is also very good at what it does.
Start Trading With IC Markets
When IC Markets first opened its doors in 2007, the company’s mission statement stated that it wanted to make institutional-grade trading standards more widely available. Its primary tool for accomplishing this goal is trade execution through the ECN. ECN networks are what the major players in the market rely on for communication. These liquidity pools can be accessed by brokers who are fortunate enough to join the network and have access to them off the exchange. This lowers trading costs, improves execution efficiency, and allows the system to operate even when the official exchanges are closed for business.
Accounts of Various Types
IC Markets Review gives 3 specific kinds of accounts, every of which is adapted to a selected buying and selling platform in addition to the sort of dealer you are. When it involves uncooked buying and selling, buyers can select among a cTrader uncooked account, which lets them exchange at the cTrader platform, and a Raw Spread and Standard account, which lets them exchange at the MT5 and MT4 buying and selling platforms, respectively. There is a minimum deposit of $200 required for all of them, with spreads starting at 0.0 pips for the first two and 1.0 pips for the Standard account for the third.
Options for Customer Service
To begin, let us discuss customer support, and IC Markets provides excellent customer support options. Calling, emailing, and chatting with a customer service representative are all acceptable methods of communication. Clients can also reach out to a well-trained customer service representative via WhatsApp or Facebook Messenger. The IC Markets website also contains a wealth of educational resources from which to draw inspiration.
Creating a Bank Account
Trading accounts with IC Markets are completely free. You can observe for one at the IC Markets internet site through finishing their online utility process, which may be located here. In order to publish a successful utility, you’ll want to offer your name, residential address, email address, number, records approximately any buying and selling records you can have, in addition to records approximately the commodities you desire to exchange in.
Once you have completed the application and your identity has been verified, you will be able to begin funding your account and engaging in trading.