ICM Capital

Editorial Rating:
2.42
Accept US Traders:
No

ICMarkets.com

A virtual bridge between the individual trader and the world’s financial institutions since 2007, IC Markets is one of the largest Forex and CFD providers in Australia. Regularly serving clients from across the globe, this site is fully regulated and compliant with the financial trading standards set by the Australian Securities and Investments Commission.

Indeed, account segregation forms the backbone of this broker’s platform and thanks to relationships with two AA rated Australian banks (Westpac and NAB), as well as professional indemnity insurance provided by Lloyds of London, every member is afforded the peace of mind necessary to trade with confidence.

ICMarkets.com’s Special FX:

Variety and execution are two areas in which IC Markets excels. Indeed, by offering users the ability to hold funds in one of nine base currencies, including AUD, GBP, USD, EUR, NZD AND HKD, the cost of is much lower than at other sites. The reason for this is that there’s much less exposure to currency conversion rates when depositing and withdrawing, thus a trader will lose less money through unnecessary charges.

In addition to offering a variety of base currencies, IC Markets is able to offer exceptionally fast execution times thanks to connections with the Equinix NY4 and LD5 IBX data centres. These technical hubs are home to a multitude of exchanges, trading platforms and bandwidth options, which ensure that all trades are conducted with minimal lag.

Indeed, because IC Markets is able to tap into these trading hubs in both New York and London the site is able to give traders tighter spreads and better trading conditions.

The Essentials:

Although IC Markets offers a range of trading options, it’s the company’s FX accounts which are the most attractive. Using both MetaTrader 4 and cTrader, a user can choose to enter the currency market with a standard account or via one of two ECN options:

Standard Account:
Minimum deposit = $200
Spreads from 1.0 pips
Trading Platform = MetaTrader 4
Maximum Leverage = 1:500
Micro Lot Trading (0.01 lots) is available
Number of Currency Pairs available = 60
One Click Trading is available

TrueECN Account:
Minimum deposit = $200
Spreads from 0 pips
Trading Platform = MetaTrader 4
Maximum Leverage = 1:500
Micro Lot Trading (0.01 lots) available
Number of Currency Pairs available = 60

cTrader Account:
Minimum deposit = $100
Spreads from 0.3 pips
Trading Platform = cTrader
Maximum Leverage = 1:500
Micro Lot Trading (0.01 lots) is available
Number of Currency Pairs available = 60
One Click Trading is available

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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

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