IC Markets Broker Profiles and Reviews

Since its establishment in 2007 in Sydney, Australia, broker IC Markets has continued to provide True ECN trading services for active traders, especially users of Scalping, Day Trading and Robot Trading strategies.

IC Markets' state-of-the-art trading tools offer low-latency market connections and superior liquidity, which only large investors could benefit from in the past.

Broker IC Markets is one of the best and biggest brokers in the Australian region, but also serves traders from all over the world, including Indonesia.

The company that oversees it, International Capital Markets Pty Ltd, has obtained a license from the Australian ASIC regulator.

Broker IC Markets

IC Markets Broker Profiles and Reviews

IC Markets as an ECN broker has many plus points. For example, the order execution speed can be said to be very high, which is under 40 milliseconds and the execution delay is only 0.5 milliseconds.

IC Markets' automated trading system uses an order matching engine located in New York's NY4 Equinix data center. The server processes more than 500 thousand transactions every day. ECN brokers also tend to be more transparent because they are connected to interbanks as liquidity providers.

IC Markets itself has 25 sources of liquidity providers. So that it can be concluded that IC Markets is a transparent and bona fide broker. To optimize client trading performance, IC Markets provides a Virtual Private Server (VPS).

Subscribing to a VPS is like having a personal system that can live 24/7 without the need to turn on the computer non-stop.

This prevents traders from losses such as interrupted internet connections, power outages, system errors and personal device errors. A more complete illustration is presented by IC Markets in the following infographic:

IC Markets also offers quite tempting spreads. For True ECN and cTrader accounts, this broker sets low spreads starting from 0.0 pips. Deposits for the three types of accounts offered are also relatively low, namely USD 200. Withdrawals are also easy with various payment method options.

Forex Trading Accounts at IC Markets IC Markets provides three types of trading accounts with attractive features: 

IC Market Homepage

Standard Account 

  • Metatrader4 (MT4) trading platform, supports MQL4 programming language. 
  • Floating Spreads start from 1.0 pips. 
  • No commission fee. 
  • Standard accounts from broker IC Markets are suitable for manual (no robot) forex trading.

True ECN Platform

  • Metatrader4 (MT4) account, supports MQL4 programming language.
  • Floating Spreads start from 0 pips.
  • Commission fee of 3.50 USD per lot traded.
  • True ECN account from broker IC Markets is suitable for Scalper traders and Expert Advisor (EA) users 

cTrader Platform 

  • cTrader account, supports C# programming language.
  • Floating Spreads start from 0 pips. Commission fee of 3 USD per lot traded.
  • The cTrader account from broker IC Markets is suitable for Day Traders and Scalpers.

In addition to these facilities, the IC Markets broker is also connected to the ZuluTrade Social Trading platform and Myfxbook AutoTrade.

This means that we can connect trading accounts at IC Markets with professional traders on the two Social Trading platforms. Later, the transactions of professional traders who are followed will be able to be copied directly by our trading account at IC Markets.

Broker Reviews and Recommendations

IC Markets is a forex broker from Australia with a good reputation and high-tech trading facilities. Judging from its features and the True ECN slogan that is being touted, it is clear that if you are a Scalper or an Expert Advisor (Trading Robot) user, then you must consider this one broker.

Moreover, with a minimum capital requirement of only 200 USD which is among the lowest compared to genuine ECN brokers in general. Broker IC Markets also provides a Sharia-compliant Swap Free option for Muslim traders.

Thus, traders can move without worrying about Rollover interest which is usually charged on trading positions after midnight (overnight). However, the deposit and withdrawal system at the IC Markets broker is rather rigid because it is bound by Australian regulations.

Even though it has been connected with many e-Payment systems, some of them, including WebMoney, only serve deposits. For withdrawal, the recommended method is via Bank Wire. If you want to know recommendations for forex signal providers, first know the following types of forex signals.

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