Overview of IC Markets True ECN Forex Trading Broker

It is always recommended to analyze the IC Markets or International Capital Markets for people who are interested in Forex trading. It is a world-renowned broker that offers myriad services like FX trade, CFD and other stock exchange broker services.

The brokerage firm was established in the year of 2007 and since then it has carved a niche for itself in the finance industry. It has taken the market by sheer storm and is known for its dedicated service and reliable customer care. This post about the IC Markets Reviews throws light on its strengths as well as weaknesses that make it a commendable and powerful brokerage firm in the market. You should continue reading this post to find out anything related to IC Markets if any.

Unique Features of Trading with IC Markets Forex Broker

Unlike other Forex brokers, IC Markets offers a wide range of different features to its clients. Any experienced client will find everything they require with this broker. It includes ECN connectivity that comes equipped with direct access to interbank liquidity, tighter spreads, quality and fast executions as well as highly satisfactory customer service. Let us look what makes IC Markets stand or fall out in this particular review.

Using the MetaTrader 4 Properties Tool

Spreads & Leverage

The broker makes sure it offers the lowest possible spreads to all its customers no matter what the market condition is. It means that the traders have the option to cash out whenever they are ready without any kind of delay. The liquidity can be constantly added to boost the liquidity reserve in order to create the best possible conditions for FX trade. This clearly shows that IC Markets is not any scam broker.

Platform Offered by IC Markets Website

The review of IC Markets shows that the broker has partnered with some of the best trading technologies in the world. It has enabled the broker to offer the highest quality service to all its customers. The services include fully automated close of trades, ladder trading, market depths, inbuilt spreading monitoring and lots more. It is interesting to note that the broker offers mobile trading for both iOS as well as the Android-based operating system. It clearly signifies that it is not a scam or illegitimate broker.

The servers of the broker located in London and New York are run by LD5 and NY4 data centres. These enterprise-grade servers make use of dedicated computing hardware for ensuring all transactions take place in real time. The ECN engine is also collocated with trade servers and liquidity providers. Hence the broker is able to achieve lowest latencies and fastest connections as customers make their daily trades using dedicated fibre optics connection.

The broker offers two types of trade platforms namely cTrader and Meta Trader 4 that are rated best in the industry. Through these two trade platforms, the broker offers its clients and customers to access the ECN trading system directly. This allows the clients to get unrivalled control over their funds. IC Market is the very first broker that offers such kind of control to its clients. It has garnered a lot of positive reviews amongst customers and other traders in the market.

Deposits and Withdrawals

Depositing funds with this broker is very easy and faster at the same time. At the same time, it is also easy to stop the trade and withdraw funds from the account. At the moment, the broker offers 13 different methods through which you can fund your account or withdraw money from it. It means that you will have complete access to all your funds no matter where you are. It is to be noted that IC Markets is not any kind of scam broker and all your hard earned money is kept safe and under the control of this broker.

It is to be noted that IC Markets does not accept any kind of 3rd party deposits. The account holder name should be same as that of the funding account. The only exception to this case is with the joint account holders. In those cases, funds can be accepted if the account holder is a member of the joint account being used as a funding source. This kind of integrity from IC Markets shows that it is not a scam broker.

One can start trading with the broker by making a minimum deposit of $200 by making use of 10 different currencies option. The currencies one can trade in are US Dollar, New Zealand Dollar, Euro, Canadian Dollar, Swiss Franc, Singapore Dollar, Hong Kong Dollar, Japanese Yen, British Pound and Australian Dollar. One can fund their accounts in real time by making use of mobile wallets like Skrill, PayPal, Credit Card or Webmoney. There are no fees of any kind charged by the broker for the purpose of deposit or withdrawal. One will be charged only by the banking or financial institution. The broker has no control whatsoever in case of 3rd party fees.

Once funds are received by the broker, they are held in a Segregated Client Trust at Westpac Banking Corporation (Westpac) and National Australia Bank (NAB). These are world renowned Australian banks with AA ratings where all transactions are processed using SSL encryptions. The SSL encryptions make sure no one outside the organization is able to access the bank details of the customer while making online transactions.

The broker offers two types of accounts. The IC true ECN trade account shows the true interbank spreads given by the liquidity provider. The other one is Standard Account. If you choose the former, you will be charged $7 as commission per Lot. While choosing the Standard Account will allow you to be charged with 1 pip above interbank liquidity rates. All the trading charges are stated openly.

Bonus and Promotions

It is an authentic ECN broker and does not offer any kind of Forex trading bonus or special promotions while making deposits. It is because IC Markets want its customers to get true value for their money. It is not a scam broker because it takes as commission what one sees on the signup page and allows the traders to withdraw the rest amount.

Beginner Support by IC Markets Team

If you are someone who is new to Forex trading, there is no need to worry. You will be provided with round the clock assistance in numerous languages namely English, French, Russian, Hungarian, Polish, Spanish, Cantonese, Japanese, Korean, Spanish and Italian. It is interesting to note that the broker offers automated support in 57 different languages on its official website. All you need is to select your choice of language from the menu bar and you are good to go.

Is IC Markets Forex Broker a Scam?

This particular IC Markets Broker Review has come across several key indicators and it clearly proves there is nothing fishy about it. The broker is completely legal and all your money is perfectly safe with them. The brokerage firm follows all the regulations and other requirements from the Australian Government for a financial institution to accept deposits from its customers. All you need to understand that IC Markets is a legitimate ECN Broker and not a scam.

Conclusion

If you are in the market searching for the best Forex broker that can help your trading career reach greater heights, IC Markets can be a perfect choice. You will have full control over your money. Although there is no bonus or special promotions, you will have the best trading experience that you might not have witnessed earlier.

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IC Markets Forex Broker
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