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Independent rating of Forex broker IC Markets

5/10 (votes 100)

On-line since
2008
Country of origin
-
Regulation
ASIC (Australian Securities and Investments Commission)
Payment options
bank wire, bank cards, Skrill, WebMoney, Moneybookers, Neteller, FasaPay
Minimum account size
$200
Minimum lot size
0.01
Leverage
500:1
Spreads
from 0 pips
IC Markets is an ECN broker suggesting trading solutions for both professional traders and newcomers on Forex. The company was established in 2007 in Sydney. Its activity is regulated by the Australian Securities and Investments Commission.
IC Markets offers price quotations from over 50 market makers. Thus, being pleased with low spreads its clients can trade 79 currency pairs, metals, and CFDs. The retail broker makes trading currencies online available to individual traders. They can make good use of advanced technologies and interbank liquidity that were accessible only to institutional brokers earlier.
IC Markets’ clients can attend educational Forex webinars free of charge and also gain access to VPS hosting.
The trading process is carried out by means of the following trading platforms: MetaTrader 4, cTrader, Multi Account Manager, and FIX API.
IC Markets holds money of its clients on accounts at Australia’s bank Westpac and National Australia Bank (NAB).
Below you can find real comments on the broker posted by former and active users of services by IC Markets. If you own a trading account with IC Markets, please leave your feedback on quality of the broker’s services.

Comments

Author: Vailey Date: 2022-06-13 06:48:26 (UTC+3)
IC Markets became the most awful broker. I have a customize EA for scalping. The EA was not doing well, one of their customer support managers recommend to use another EA so I removed my earlier one and add the latest one. When my latest EA was doing well and my account started rising they started cancelling my successful orders. When I contact their customer support they told me that their Finance department would investigate my account. I was surprised when I was losing they did not find any fraudulent but when I started making a profit they suspect my trading. After that, I started trading manually and I also notice that on important news even I got 67 pips slippage of over 50pips. It's become not impossible to make money with IC Markets, so I leave this broker.
Author: Nadine Date: 2022-02-02 02:49:48 (UTC+3)
On September 2021 I was depositing $500 through Neteller but after trading with them continuously I have lost $445 from my invest due to above issue. After faced many issues now I am totally awful with IC Markets broker. Trading activity does not give me a big problem but sometimes platform will freeze for 2 minutes and execution become slowly during economic event. I hope that they will transfer my money and improve those flaws so that I don’t have to find another broker. To all trader that have use IC Markets, just be careful using their service especially on withdrawal transaction otherwise you will face the same problem with me.
Author: Hundred Date: 2021-10-12 00:54:19 (UTC+3)
During the first 2 months, I didn't face any problem. But then, I began to have problems with my positions, especially with TP orders, because although they hit the fixed level, they were not closed, so I had several losses. At the beginning, all was good. Trading conditions were excellent, spreads especially in major currencies were fixed, so in 2 weeks I could get $550 with EUR/USD. Their MetaTrader 4 started to have delays of 2-3 seconds and the spreads were crazy high during news feed. I called nobody ever answered to my questions. I decided to close the account and I went to other broker.
Author: Norman Date: 2021-09-28 05:43:56 (UTC+3)
Stay away from IC Markets if you don't want to lose your money. I had an account at this broker for several months and the platform never worked properly while I was trading with them. All I had were technical issues so I really was not able to make any decent trades.
Author: Revan Date: 2021-06-09 03:14:29 (UTC+3)
I started to think that this broker just wanted to take advantage of my money. They just suggested, but the advice worked, and made me lose. They are very cunning. They did not even explain why they cancelled my profits for this month. Spreads are not too much competitive and support team is not professional. I easily lost my money with this broker because they doesn't honor the stop loss I'd set on my trades. Traders will suffer losses but the broker is getting a profit while trading system never made improvements.
Author: Uchan Date: 2021-06-07 05:42:07 (UTC+3)
I had a great start at IC Markets but for some reason, their services just downgraded. Their platform became unstable and I just can't make a decent trade using it. I have no idea if they will fix this issue because they are also not responding to messages.
Author: Rayhan Date: 2021-02-10 07:46:26 (UTC+3)
I was hoping that my trading experience with IC Markets will be pleasant but it was the opposite. Their trading platform was fine but the spreads are too high. Also, I have encountered a lot of slippages already which is really not good.
Author: Gilberd Date: 2021-02-09 01:52:19 (UTC+3)
I have started to be suspicious of this broker since last week. Because the internet connection has started to become unstable. It caused me not to be on time to trade. Spreads are too high and they do not reduce For some pair, also their first deposit is kind of big for beginners, we consider the local currency. Mostly I scalp and I like that IC markets doesn’t give me profit with that. Their spread is still unreasonable 3 pips for EUR/USD and other major pair like GBP/USD, USD/JPY and AUD/USD.
Author: Hampton Date: 2020-12-23 13:15:55 (UTC+3)
I haven't any complaints about ICMarket broker, As they didn't increase spread and their cTrader is stable for fast execution server, while the websites are easy to use. In their platform, I have applied automated trading strategies after setting an EA. Last week I have withdrawan$400 via wire transfer. Also, I get their support at any time when I asked. Overall ICMarket broker services are professional. Thanks
Author: Vahris Date: 2020-10-16 06:15:48 (UTC+3)
IC Markets is a decent broker. However, they still have a lot to work on such as their trading platform. It is easy to use during normal market condition but when it comes to news announcements, the platform is expected to crash. It is limiting for those who wants to trade on news release. Their spread also varies and the amount is sometimes unreasonably high. Simply put, the problem often arise when there is high volatility in the market, otherwise, trading activities go smoothly.

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