IC Markets Review
IC Market is an Australian broker, founded in 2007 and by now has already become very popular as a broker. It launched the retail foreign exchange division only in 2010, while in the meantime, they were doing on the development of their business structure.
This broker works on the MetaTrader 4 and cTrader platforms. It has liquidity from 50 providers, among which are top banks and leading brokers. For the reason of good liquidity, IC Markets can spread about 0,1 pips on the prime currency pairs, and therefore gives ideal conditions for high frequency scalpers and traders. They will upgrade from MetaTrader4 to MetaTrader 5 in the near future, as the team has already been working on implementing the new platform.
The IC Markets is aiming to smaller traders, as they put a minimum deposit of 200 USD on MetaTrader4 platform, and on cTrader, the minimum deposit is 1,000.00 USD.
IC Market does not offer bonuses. Many share the opinion that having bonuses might be advertisement for a broker, but it mainly is nothing in favor to user. It usually has a catch written in small letters that by taking a bonus, you must give more than you get, or to get a bonus of a dollar, you must trade there for a year, with millions of transactions per day etc. so by having no bonuses, clients have no worry that their “extra” money would be impossible to withdraw.
IC Market has lately been focusing on Asian markets, they have Chinese and Japanese websites, they are trading with Russian and Chinese currencies.
This forex broker offers nice education videos. For example see How to Hedge an Order in MetaTrader 4 :
Main Forex websites give good reviews by clients. Considering IC Markets 4 operational years of existence, they have many reviews, which means that they have plenty of clients, which again means that they earned trust and confidence by doing good work. It is worth noting that Forex administrator points put that there are unusually plenty reviews, which is explained by IC Markets as they ask their clients to leave comments if they are satisfied with the services. Minor numbers of comments reflect technical bugs.
Users are generally happy with the IC Markets, and no reports of manipulation with prices, nobody complained about withdrawal issues yet so far, and no reports on unfair broker conducting were posted by users.
The fact that users leave lots of reviews, of which most are very positive, only shows that marketing by IC Markets is strong, and that they put much effort to it. That is a sign of a serious business in general, and as they manage to keep clients satisfied, shows that they stand behind their words.
Another indicator of IC Market’s seriousness is that they offer a platform that is made mainly for ECN trading – cTrader, and MetaTrader4, a platform possible to be used with a lot of success in ECN trading. And, very important, they are very transparent about their liquidity providers and their technology. Good conditions for the traders are provided with what they
This forex broker is excellent because it offers tight spreads and excellent PAMM and MAMM accounts. See youtube video about MAMM Manager accounts functions: