IC Markets is considered risky on average, with a Confidence Score of 80 out of 99, according to ICMarkets-related experts from the forexbrokers website. IC Markets is not a public company and does not operate a bank. IC Markets is regulated by one tier-1 regulator (high confidence level), one tier-2 regulator (average confidence level), and one tier-3 regulator (low confidence level). IC Markets is regulated by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC). Meanwhile, if you need more info about IC Markets, you should go to http://www.vixbrokers.com/minimumdeposit/icmarkets.html immediately.
Account Type
IC Markets offers its clients three types of live accounts, which are available on two different applications. Standard accounts are commission-free accounts, while True ECN accounts have tighter spreads, but charge a commission of $7.
Traders can trade micro lot sizes on all account types, and of course, IC Markets also provides a free demo account, which is needed by inexperienced traders.
Moreover, ICMarkets offers swap-free services for Muslim investors, so that they can open an account that complies with Sharia principles.
Minimum Initial Deposit
Traders must deposit $200 to open an account with ICMarkets, which is the industry average.
ICMarkets Spreads & Commissions
IC Markets offers variable bid-ask spreads, where commission-free accounts have an average spread of 1.1, which is the average. In contrast, ICMarkets spreads on ECN accounts start at 0.1 pips for EUR/USD, and charge a commission of $6/$7 per lot on cTrader and MT4, respectively. So, the transaction fees of the account holder amount to 0.7-0.8 pips, including commission, which is a very attractive offer, especially considering that one can open an ECN MT4 account for as little as 200 Dollars.
Payment method
ICMarkets offers various deposit/withdrawal methods to its clients: Via credit/debit card, bank transfer, BPAY, Neteller, Skrill, Webmoney, China UnionPay, FasaPay, PayPal, and Qiwi. This is definitely helpful due to clients won’t find it hard to make payments with IC Markets.
