IC Markets Review: IC markets are the oldest Australian forex brokers, and it operates under the strict regulatory environment of Australian Financial Services License (AFSL). IC markets has the highest leverage in Australia, and it has low spread and fees that make it available to everyone. It also is the leading platform options and has reduced slippage.
IC Markets Review – The Best Broker for Forex Trading:
This was founded in Sydney and has been ranked 1st in the category of “Best Forex Broker Australia.” So if you think that they are legitimate or not then I can assure that they are 100% legitimate, if you are from Australia then you might be quite familiar with it. Well if you visit their website you will understand, and here I will tell you about why you should go on with IC Market.
What is IC Markets?
IC Markets is one of the world’s True ECN forex brokers that provide trading solutions for traders that are new or old and scalpers. It has cutting edge trading platform and superior liquidity, the liquidity providers, are also well known all over the world.
It was founded in Sydney, Australia in 2007 by some financial service industry professionals. It is one of the best in Australia, and now their markets have spread through Asia, Europe, and North America. After its foundation in 2007, their main goal was to bridge the gap between institutional clients and retail clients. It is dedicated to innovation, constant improvement and the newly available cutting edge technology.
How IC Markets is Different from Other Brokers?
IC markets is the best in Australia, and this makes them quite different from the others. Well here are some of the features of IC market, that I have listed some of its other features. Check them out.
- Execution Speed: Well it can be very well said that that IC market is the fastest when it comes to executing a trade. It has been seen that the latency is as low as one millisecond. They put trades through real interbank forex market. And all these are directly processed by the broker’s electronics communication network which leads to the fast execution.
- Different Spread Fees: IC Markets has three different types of trading accounts, and this is also why it is different from others. So here are these accounts:
- Standard Account: This account is for the new comers where no commission is required. It utilizes the world’s most popular platform i.e. Mate Trader 4 that provides higher trades.
- cTraders: This is said to be the best option for those who like to use the cTraders platform and also for those who like to trade regularly.
- True ECN: This option is for the traders who have some experience or are very experienced in forex trading. And for those who uses an expert advisor (EA). EA is a software program that provides that trades with a recommendation about whether to buy/sell the trade after thoroughly analyzing it. The users of this option are charged with commissions and his also has lower spreads.
- Demo Account: Like all legitimate trading brokers they also allow you to create and use a demo account. This is a great way to know more about this broker and to understand how this works fully.
- Liquidity Providers: The Liquidity providers that are working with IC markets are one of the most trusted providers from all over the world. So here are some of these providers
- Bank Of America.
- JP Morgan Chase.
- Bank of Tokyo-Mitsubishi UFJ.
- GSA Capital.
- Morgan Stanley.
These are some of the reasons that make IC markets different from others. These features are quite different from what the other brokers provide and these are some of the reasons that make this software different.
Why should you choose IC Markets?
Being the best forex broker, there is they provide many attractive options to the traders. Here I have listed some of these choices for you to check out.
- Maximum Leverage: IC markets provide you with the maximum leverage. Some other brokers also provide maximum leverage. Let’s assume the maximum leverage to be 500:1. The maximum leverage should only be used by those who have quite a bit of experience. The newcomers should stay away from this. As this can be quite profitable, it can also lead to heavy losses. The reason for the newcomers to avoid it is that the losses may exceed the deposited amount in extreme volatility as they don’t offer guaranteed stops, as they don’t use trading desks. These high leverages and the small movements can bear heavy losses or gains for you. As leverage is always dire for Australian forex brokers, the best brokers should match your experience level and trade accordingly, and this can be found in the IC markets.
- Promotional Offers: Just like other forex traders, IC markets also give out some attractive promotional offers that are quite beneficial to the traders.
- Some other Reasons: Here are some other reasons for choosing IC markets.
- Regulated brokers.
- Multiple Funding methods.
- Accounts in 10 base currencies.
- Multi-lingual support team.
- Different funding methods.
- Servers in NY4 and LD5 IBX data center.
These are the reasons why you should pick IC markets over any other brokers.
People who are interested or are quite experienced in forex trading have vast choices when it comes to choosing brokers. They should always choose the best brokers and also the right one for them.
IC Markets is one of them they are one of the most trustworthy and legitimate forex brokers there is. Many people have benefitted from working with them, and I am quite sure that you too will be earning lots of profits after working with them. They provide you with the best options and best deals there is. In fact, I have used IC market broker, and they have helped me in achieving wonderful results.
So my recommendation will be this that you start working with them as they are trustworthy brokers, which I have found out after thoroughly investigating them for quite sometimes. So invest and as start gaining profits with IC Markets.