Therefore, if you are using automated trading systems or scalping, IC Markets can be a great choice. I have used them to run forex expert advisors (EAs) in the past on their MT4 platform on both demo and real accounts. I found them to be amongst the best brokers I have ever used and https://traderoom.info/ still hold a few accounts with them today. When it comes to trading robots, I would personally choose between this broker and Pepperstone, who also have tight spreads and quick execution speeds. IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms.
What Trading Platforms Does IC Markets Offer?
This means that you can get the best quotes and execution speeds around the clock from a range of sources, rather than relying solely on the brokers in house liquidity. Generally speaking, the more liquidity a broker has, the better the trading conditions tend to be. IC Markets gives you worldwide access to trade thousands (over 2,000) of trading instruments across multiple markets on the most popular trading platforms, MetaTrader 4/5 and cTrader.
Range of Offerings
However, if you have more complex trading strategies and programming skills, you can install and build customised indicators, scripts and robots. The sky is the limit really, with an endless amount of possibilities for developing your own trading strategies based on a combination of indicators. MetaTrader 5 is the all-in-one platform for trading ic markets broker review forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Pricing help to make it one of the most powerful trading platforms for active traders. I believe that MT4 would be sufficient for those who only want to trade forex, but if you are looking for a stock trading platform, then you would probably prefer MT5.
it was a very good experience…
If you purchase a U.S. stock, you own the actual shares; if you purchase or trade a CFD, you don’t own the asset itself. According to our database, 91% of forex brokers allow you to trade U.S. stocks as a CFD, while only 28% allow you to own the stock itself. Ultimately IC Markets ranks #18 of the 62 brokers graded across our platforms & tools category. IC Markets offers the four most popular forex trading platforms worldwide being MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, as well as a new share trading platform. ZuluTrade is a social trading platform where followers can copy the trading signals of other traders.
Regulation & Trust
These are the 3 most popular and user-friendly trading platforms available today. The True ECN trading model is incorporated into all of the platforms at no extra cost for all levels of traders. Regardless of your investment size, you can get access to the best possible trading conditions that they have.
All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. IC Markets offers a robust trading environment with a wide range of tradable instruments and competitive trading conditions. Their support for both beginners and professionals, along with a user-friendly platform, makes it a noteworthy choice. However, some areas, such as educational content, could be further improved to match industry leaders. Before selecting IC Markets or any broker, conduct thorough research based on your specific trading requirements and preferences to ensure it aligns with your goals and strategies. IC Markets distinguishes itself through a rich array of tools and features embedded within its trading platform, serving as invaluable aids for traders at all levels of experience.
However, they don’t have the popular market analysis software Autochartist or Trading Central. You can check out GO Markets if you want access to these particular tools to help you find trading opportunities across thousands of assets. I personally prefer the MetaTrader platforms simply because MT4 was the first platform that I become accustomed to.
- At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
- IC Markets earns trust through its regulation by reputable authorities like ASIC and CySEC, ensuring adherence to stringent industry standards.
- Another potential call center benefits highlighted by deploying to an external team is the capacity to extend business hours.
- IC Markets has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.
- IC Markets accepts clients from all over the world, excluding the USA, Canada, Israel, New Zealand, Japan, Iran and some countries from the OFAC list.
The broker also provides a comprehensive FAQ section on its website, offering valuable information on various trading-related topics. The broker does not impose account maintenance fees, promoting cost transparency. IC Markets takes a user-centric approach to account types, catering to traders of all backgrounds and expertise levels. If you open an account with an AUD base currency then it’s $290, for EUR base it’s €195 while for the Pound base it’s £160.
IC Markets delivers an average spread of 0.62 when trading the EUR/USD within a standard account. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). IC Markets provides traders with a range of powerful trading platforms, ensuring accessibility and functionality for traders of all levels.
Bank transfers can take a few business days to clear which is not ideal if there is a market trend you need to quickly try to take advantage of. However, the various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. This may not matter for small amounts but costs can soon add up if you are making a large transfer. They are prompt, efficient and polite when answering support questions from traders of all experience levels.
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