IC Markets Broker Information
- Regulators: AFSL, FSA of Seychelles
- Founded: 2007
IC Markets Quick reference
The company was registered in 2007 under the license of the Australian regulator AFSL. The approval document has been safely stored and extended all these years. But the company's central office moved to Seychelles. Licensed by the Financial Services Authority of Seychelles. They like to shorten the name of this regulator to FSA - the British licensing authority, one of the most reliable and cool in the world, has the same abbreviation.
That is why it is important not to confuse them: the status of an offshore FSA of Seychelles document is significantly lower than that of its English namesake. But as for tropical island licenses, this one is relatively good - at least in recent years after tightening requirements.
Leverage up to 1: 500 on Forex and raw materials, up to 1: 200 on indices, futures and bonds. And up to 1: 5 for cryptocurrency trading.
A wide range of options: for beginners and advanced, with different levels of spreads and commissions. There is an Islamic account.
IC Markets website has convenient comparison tables.
There is a demo version for each type of account. The minimum deposit is from $ 200.
The broker offers classic MetaTrader 4 and 5 solutions as well as cTrader.
You can use additional tools for trading:
- Trading Servers
- MAM / PAMM
- Virtual dedicated VPS server.
It depends on the selected tool and platform.
While trading with the help of cTrader, a fee is charged for every 100 thousand - about $ 7.
On Forex and metals - $ 3-3.5 for a similar trade turnover.
To work with the help of MetaTrader4 Raw Spread broker reward is calculated according to the table:
It is noteworthy that the company does not allure customers with any bonus program. But it reduces the commission for a large replenishment of the account.
Deposit and withdrawal
The broker does not charge a commission for these operations, but warns of possible payments for banking services.
You can put money into your account through a card, bank transfer, as well as a dozen and a half payment systems and wallets.
Money can be withdrawn not only through banks, but also through Paypal, Skrill and Neteller. But it is with a traditional condition: to withdraw only to the account from which the deposit was made.
Conclusions about IC Markets
The broker is decent enough. It has been on the market since 2007 - and this is the whole era. Consider whether it has the right to provide services to residents of your country. That's one point off for moving the head office to offshore island and for a small list of countries available for use. The broker has so very limited licenses.