IC MARKET BROKER PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all the services of IC Markets Broker and figure out what is suitable for traders.
- Trusted and long established broker
- Fast deposit and withdrawal
- A complete range of trading products
- Fast order execution and having no requotes.
- Withdrawals are separated into rounds, which is around 8 am every day, not immediately.
- High minimum account deposit 200 USD
- Customers cannot set their own passwords.
- Deposit Withdrawal without fees
IC MARKET BONUS
IC Market does not offer Deposit Bonus and Bonus without deposits for traders.
IC MARKET BROKER FREE VPS
- The trading volume exceeds 15 lots per month (multiple accounts within the same email).
- If less than 15 lots are traded per month, over the period of 2 months, Free VPS will be automatically canceled
IC MARKET SPREAD AND SWAP INFORMATION
1. IC MARKET SPREAD
Our spread and swap cost calculations are already charged per 1 lot open order size of the Standard account (100,000 USD per 1 lot), so the value shown is in USD.
There are two account types available in IC Markets: Raw Spread and Standard accounts, but there are also cTrade Raw Spread accounts. In order to compare the commission-free brokerage from both types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:
Raw Spread (MT4)
2. IC MARKET SWAP
The daily cost of holding a trader’s position when trading with IC Markets is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot, Standard account size as follows:
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. IC MARKET COMMISSION
OTHER IC MARKETS INFORMATION
Founded in 2007, IC Markets Broker has developed an internationally recognized approach to Forex Broker services, a comprehensive service. In addition, the services of the IC Market broker are reliable among traders. IC Market Broker Execution is marketed and not traded against customers. IC Market is registered and has offices in different countries.
IC Markets is financially registered with the country in which its office is located, with the following information:
- IC Market is registered with Financial Services Authority of Seychelles (FSA)
- IC Market is registered with Australian Securities and Investments Commission or ASIC
- IC Market is registered with Cyprus Securities and Exchange Commission or CySEC
IC MARKET ACCOUNT USAGE
Opening an IC Market Broker Account can be done through the Platform. However, there is a Support service available as well, which can be contacted through Support.
1. IC Market Forex Account Opening Documents
Documents required to open a trading account with IC Market Broker include:
- Identity verification documents is either ID card or Passport.
- The address verification document must be the same as the address shown on the identity card, a copy of the house registration is recommended, or it could be a receipt for electricity and telephone bills.
2. IC MARKET Account Types
There are several types of IC Market Forex trading accounts, each with its own pros and cons and distinctive features, designed to allow traders to choose based on their strategy and leverage up to 1:1000.
The table shows the account types of IC Market Forex Account.
IC MARKET Support Service
We conducted a communication test with Support via chat and did an assessment according to the criteria on problem resolution, promptness of service, problem-solving intention, not just pasting a link to read then suggest, as follows:
- First, you need to fill in your information: name and e-mail of the contact person.
- The next step will be a Bot asking questions with choices in English for customers to click on answering questions.
- Support staff sends a link attached for customers to read by themselves on the web page.
“Overall, the disadvantage of the IC Market’s Support is that there are many steps before you can talk to the Support Staff. Sometimes the staff sends a link to read by themselves.”