icmarkets
FXSUCCESS RATING (4.5 OUT OF 5)
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ICMARKETS OVERVIEW
COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name International Capital Markets Pty Ltd Segregated Account Yes
Website www.icmarkets.com Islamic Account No
Headquartered In 2 Bligh Street, Sydney, New South Wales, 2000, Australia Institutional Account Yes
Founded In 2007 VIP Service No
Regulating Authority ASIC (Lisence Number 335692) PAMM / MAM Account MAM
US Clinets Accepted No Depoist Option Credit/Debit Card, Bank Wire, Neteller, Skrill, Web Money, BPAY, Union Pay Fasa Pay
Broker Status Independent Broker Withdrawal Option Credit/Debit Card, Bank Wire, Neteller
Broker Type ECN/STP, Market Maker TRADING TERMS
Telephone Number +86 21 51851798 Trading Platform MT4, eToro, Pro Deal, cTrader, MT5, Myfxbook AutoTrade, FIX API, Trading Server
Fax Number +86 21 51851797 Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Floating
International Office Australia, China Commission
  • no – Standard account
  • yes – True ECN account & cTrader ECN
Web Site Language English, Chinese Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $200 Lowest spread Lowest spread on EURUSD -0.3 Pips (cTrader)
ECN Deposit $200 Trading Instruments Metals, Oil, Gold, Indices, Stocks, Commodities, Forex, CFDs, Options, Futures
Account Currency USD, EURO, AUD, GBP One Click Execution Yes
Maximum Leverage 500:1 OCO Orders Yes
Minimul Order Vol. 0.01 Managed Account No
TRADING TERMS Email Alerts Yes
Interest on Margin No Mobile Alerts Yes
OS Compatiblity Mac, Windows, Mobile, Web, iPhone, iPad Trailing Stops Yes
Streaming News Feed No Mobile Trading Yes
Charting Package No Web Based Trading Yes
Trading Signal No CUSTOMER SUPPORT
Market Commentary No Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Personal Account Manager Yes
Customer Service Hours 24/5 Email+Phone support Yes
Place Trades Over the Phone No Email Response time Within 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit No Other Promotion No
Free VPS Yes (100 Lots Per Month) Close trade over the phone Yes
REAL TIME SPREAD MONITORING

CURRENT PROMOTION
FREE VPS SERVICE ZERO FEES ON DEPOSITS & WITHDRAWALS

 

ICMARKETS BROKER REVIEWS

IC Markets is one of the world’s top true ECN forex brokers proving trading solution for active day traders and scalpers as well as traders that are new to the forex markets. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing on line forex trading; on line traders are now able to gain access to pricing and liquidity previously only available to investment banks and high net worth individuals. There are some key features such as low spread, low latency connection, transparent trade environment, ECN environment etc make this broker more reliable.

TRADING PLATFORMS

It doesn’t matter if you are new to the financial markets or an expert; ICMARKETS offers several types of trading platforms to suit the individual’s needs. These platforms include:

  • The industry’s standard MT4 based platform
  • MT4 iPhone
  • The cTrader, an ECN friendly platform
  • Web Based platforms for MT4 and cTrader
  • MT5 Terminal.
  • Mobile trading solutions for iPhone and Smartphone
  • MAM/PAMM
  • FIX API
  • Myfxbook Autotrade

TRADING ACCOUNTS

To open a trading account at ICMarkets, you need to first create a ICMarkets Direct profile. With the profile you can open

  • Standard Account
  • True ECN Account
  • cTrader ECN Account
  • Institutional Account

There is however a requirement of a minimum initial deposit of $200 (or the equivalent in CHF,EUR, GBP or AUD).

COMMISSION AND SPREADS

The spreads charged by ICMARKETS varies depending on the type of platform used the by traders. For MT4 trading platforms, the spreads are variable and starts from 1 pip. For cTrader trading platforms, the variable spread starts from -0.3 pip in addition to a $3 per lot commission.

MT4 SPREAD COMPARISON:

PAIR STANDARD ACCOUNT TRUE ECN ACCOUNT ECN ACCOUNT
MIN AVG MIN AVG MIN AVG
EUR/USD 1 1.1 0.0 0.1 -0.3 0.1
GBP/USD 1 1.5 0.0 0.3 0.0 0.5
USD/JPY 1 1.3 0.0 0.3 -0.2 0.3
USD/CAD 1 1.6 0.0 0.6 0.0 0.6
USD/CHF 1 1.7 0.0 1.3 0.0 0.7
AUD/USD 1 1.5 0.0 0.5 -0.2 0.5
NZD/USD 1 1.7 0.0 0.7 0.0 0.7
GBP/JPY 1 1.8 0.0 0.8 0.0 0.8
GBP/CHF 1 2.1 0.0 1.1 0.0 1.1
EUR/JPY 1 1.5 0.0 0.8 0.0 0.8
XAU/USD 30 33 20 23 20 23
NZD/JPY 1 1.6 0.0 0.6 0.0 0.6
NOK/JPY 1 1.8 0.0 0.8 0.0 0.8

PER LOT COMMISSION IN ECN ACCOUNT: 6 USD (cTrader ECN Account), 7 USD ( True ECN Account)

SEGREGATED ACCOUNTS FOR CLIENTS AND COMPANY’S FUNDS

ICMarket’s clients can have the peace of mind that their funds are not improperly used for other purpose than their trading objectives. In addition, the company’s accounts are audited to international standards by the international auditing firm Price Waterhouse & Cooper.

PAYMENT METHOD

FUNDING METHOD

PAYMENT PROCESSOR CURRENCY PROCESSING TIME
Credit and Debit Cards AUD, USD, JPY, EUR, NZD, SGD, CHF, GBP, CAD Instant
MoneyBookers (Skrill) AUD, USD, JPY, EUR, SGD, GBP Instant
Wire Transfer / Bank Transfer AUD, USD, JPY, EUR, NZD, SGD, HKD, GBP, CHF, CAD 12-48 Hours, Mon-Fri
Broker to Broker Transfer AUD, USD, JPY, EUR, NZD, SGD, HKD, GBP, CHF, CAD 24-72 Hours, Mon-Fri
Local Bank Transfer (Outside Australia) AUD, USD, JPY, EUR, NZD, SGD, HKD, GBP, CHF, CAD 24-72 Hours, Mon-Fri
Webmoney USD, EUR, RUB Instant
BPAY Deposit (Australia Only) AUD 12-48 Hours, Mon-Fri
Branch Cash Deposit ( Australia Only) AUD 1-12 Hours, Mon-Fri
China Union Pay RMB Instant
Neteller USD, GBP, EUR, CAD, SGD, JPY, AUD Instant
FasaPay  USD Instant

WITHDRAWAL METHOD

  • Withdrawals are processed before 01:00 GMT (12:00 AEST). If your withdrawal is received before this time it will be processed on the day of receipt. If your withdrawal is received after this time it will be processed on the following business day.

  • For International Telegraphic Transfers (TT) we pass on the fees charged by our banking institution. International Telegraphic Transfer (TT) fees are approximately AUD 20, this fee is deducted from the amount of your withdrawal.

  • International Telegraphic Transfers (TT) will usually take 3-5 working days to reach your bank account.

  • Domestic Bank Transfers within Australia do not incur any additional bank charges.

  • Domestic Bank Transfers within Australia will usually reach your bank the following working day.

  • If you have funded any of your trading accounts using a credit card within the last 60 days then all withdrawals will be processed as a refund back to the same credit card.

  • Moneybookers transactions are processed by Global Collect. Global Collect does not permit Moneybookers refunds. All Moneybookers deposits must be withdrawn by bank transfer.

  • Webmoney transactions are processed by Global Collect. Global collect does not permit Webmoney refunds. All Webmoney deposits must be withdrawn by bank transfer which may incur additional charges.

LEVERAGE MARGINS

The margin required depends on the instruments traded:

Read the following document for more understanding. Click Here

DEALING WITH TOP TIRE BANK

At ICMarkets funds are only channelled through Top Tier banks that have some of the highest ratings by international rating firms. This ensures that the deposited funds have the lowest credit risk in the market.

OTHERS FAQ

Please follow this link to check all FAQ. Thats very important for better understanding. CLICK HERE

POSITIVE SIDE VS NEGATIVE SIDE
POSITIVE SIDE NEGATIVE SIDE
Very popular broker regulated from ASIC. During high volatile news time you may get some requotes, slippage, delay trade execution in standard account.
Moderate spread in standard account and very low spread in cTraders platform and true ECN account. There is no deposite bonus that may demotivate new trader.
Very good and friendly customer support that we like very much. Minimum investment 200 USD that can be little bit difficult for new trader.
Fast withdraw, no deposit and withdraw fees. True ECN account per round turn lot commission almost 7 USD that is little bit high. Althorugh spread very low.
Segregated accounts, dealing with top tier banks that really very importat issue. Very limited payment processor for fund withdraw including bank wire, card, neteller.
True ECN platform that provide good trading environment for traders. Skrill, Webmoney, union Pay, Fasapay deposit may possible but withdraw will be through bank wire. ( Outside Australia fees will be charged: 20 AUD)

 

CONCLUSION

Overall, apart from the minor hiccups above, ICMARKETS is a reliable and credible broker. Many of the clients are long standing which proves that they are generally happy with the level of service provided by the company.

FXSUCCESS FULL REBATES SPECIFICATION

Click here to check full rebates specification

TRADING ACCOUNT TYPE REBATES RATE
Standard Account Up to 3.5 USD
MT4 True ECN Account Up to 1.75 USD
cTrader ECN Account Up to 0.40 USD

There are many forex cashback service company but why should you select FXSUCCESS as your partner?

Please try to find out your answer from AMAZING FXSUCCESS page.

SUBMIT YOUR REVIEWS

REVEW

FOR GENERAL VISITOR

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  • Make sure that you provide all valid information including your name, email etc.

FOR FXSUCCESS MEMBER

  • Only post reviews if you trade with this broker.
  • If you face any kinds of problem/scam with this broker then contact with our support team and they will help you to solve the issues.
  • Mention your account number and username (fxsuccess), don’t worry we will not publish it.

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