 |
| FXSUCCESS RATING (4.5 OUT OF 5) |
 |
| ICMARKETS | Up to $3.5 Per S.Lot |  |
| 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 |
|
|
| 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 | |||
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.
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
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).
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)
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.
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.
The margin required depends on the instruments traded:
Read the following document for more understanding. Click Here
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.
Please follow this link to check all FAQ. Thats very important for better understanding. CLICK HERE
| 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) |
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.
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.
FOR GENERAL VISITOR
- Please don’t provide any fake reviews. All review will be verified before publishing.
- Without any major evidence don’t submit any bad review against any broker.
- 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.
[ratings id=”5394″]