IC Markets
Show More
IC Markets
Minimum deposit ($)
200.0
Commission
7.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.01
Maximum lot size
200.0
Spread
Variable
Broker type
ECN
Maximal leverage (1:?)
500
Phone
+61280144280
Fax
+61280722120
Availability
Phone, Chat, Email, FAX
Email
Address
Level 2 Number 2 Bligh Street Sydney
Regulation
ASIC (Australia)
Trading Platforms
MetaTrader 4, MetaTrader 5, cTrader, AutoTrade
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, Neteller
Account Currency
USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD, AUD
Languages
English, Spanish, French, Japanese, Chinese
Country
Australia
International offices
Australia
Trading platform(s) timezone
(GMT +2:00) South Africa, Jerusalem
Other trading instruments
Indices, Commodities, Energies, CFDs
Mar 25, 2014 at 09:04
amaroq65 posted:
Bad, bad experiences...
low Spread that's true, but if you want to withdrawal, then there are 55 USD (!) fee, very bad and very expensive in my opinion
Hi,
There seems to be some miscommunication. IC Markets charges a transfer fee of approximately 20AUD for International Wire Transfers and No additional fees for Domestic transfers and credit card withdrawals. You should contact their support If you were charged 55 USD for withdrawals.
Best Regards
Narayan
Mar 24, 2014 at 14:56
I've been trading with IC Markets for more than a year now! I chose IC markets mainly for their excellent spreads, they have been consistently offering lowest spreads in almost all pairs when compared to other brokers.
I would definitely recommend IC Markets to a fellow trader, not only because of their low spreads, but also because they are leagues ahead in terms of personal customer service and support, which is a real rarity these days especially in the Forex industry.
Like most of you all, I also joined under a IB, reducing my commission to just 5.5$ per round lot.
Regards
Narayan
I would definitely recommend IC Markets to a fellow trader, not only because of their low spreads, but also because they are leagues ahead in terms of personal customer service and support, which is a real rarity these days especially in the Forex industry.
Like most of you all, I also joined under a IB, reducing my commission to just 5.5$ per round lot.
Regards
Narayan
Member Since Jan 06, 2014
24 posts
Mar 03, 2014 at 12:03
Best broker I've used and am using, they do still have a bit of slippage but both positive and negative, not really sure how it compares as it's the first ecn I've used. Best spreads for Australia and up there with the best in the world for retail, often I have zero spread on EURUSD but I don't like trading this pair. I'm Australian so looked locally first, makes me feel a bit more secure with our regulations.
They don't have the best support services but in saying that, I like that I don't get unwanted emails and phone calls, I'm left alone to trade how ever I want, no restrictions on how I trade.
I have attended a few of the webinars that they have for clients and found those to be very informative without the big sales pitch at the end, an example would be the differences in liquidity around news times that affect spreads, cause slippage and the speed of the market move, stuff you wont find in a place like forex factory.
NOTE - I signed up with an IB , am paying $5.50 a round turn instead of the quoted $7.00
They don't have the best support services but in saying that, I like that I don't get unwanted emails and phone calls, I'm left alone to trade how ever I want, no restrictions on how I trade.
I have attended a few of the webinars that they have for clients and found those to be very informative without the big sales pitch at the end, an example would be the differences in liquidity around news times that affect spreads, cause slippage and the speed of the market move, stuff you wont find in a place like forex factory.
NOTE - I signed up with an IB , am paying $5.50 a round turn instead of the quoted $7.00
Member Since Apr 28, 2012
231 posts
Mar 02, 2014 at 07:29
(edited Mar 02, 2014 at 07:30)
After having been with IC Markets for about a year now, I can definitely say with confidence they're the best retail space broker I've yet tried; I highly recommend them. The relative quality of their trade environment is precisely why I became an IB for this broker!
Member Since Jan 25, 2010
1360 posts
Feb 13, 2014 at 03:56
Mediocre broker - better than some I have tried though. Customer service sometimes lacking, though easily reached with phone in Australia.
Regulated in Australia, so pretty safe (I guess).
Main gripe: 200 maximum orders open at any time! So much for HFT systems that require lots of trades at once!
Regulated in Australia, so pretty safe (I guess).
Main gripe: 200 maximum orders open at any time! So much for HFT systems that require lots of trades at once!
Feb 12, 2014 at 10:32
Very good broker at last. Great spreads, fast execution, positive slippage, fast wire deposits, great customer service.
Only setback lacks a web interface for MT4 accounts. Commission is a little high but at least this broker doesn't stack the deck against you & deserves to be paid for being transparent
This is a broker that doesn't false advertise. IC Markets is the best Forex retail broker I have worked with in 28 years of trading.
Truly institutional spreads for retail FX. I hope they will raise their minimums as $200 for an account could me a problem to macro manage
I rate this broker 8 out of 10 & hope they will have a web interface soon for the MT4 accounts
Only setback lacks a web interface for MT4 accounts. Commission is a little high but at least this broker doesn't stack the deck against you & deserves to be paid for being transparent
This is a broker that doesn't false advertise. IC Markets is the best Forex retail broker I have worked with in 28 years of trading.
Truly institutional spreads for retail FX. I hope they will raise their minimums as $200 for an account could me a problem to macro manage
I rate this broker 8 out of 10 & hope they will have a web interface soon for the MT4 accounts
Jan 04, 2014 at 13:58
I opened account in IC Markets April 2012.
1. Low spreads
2. Very high commission.
FXOpen NZ has better spread and lower commission
3.There are few deposit/withdrawal options.
4.There is Moneybookers to deposit funds, and there is not Moneybookers to withdrawal funds. It's really stupid.
1. Low spreads
2. Very high commission.
FXOpen NZ has better spread and lower commission
3.There are few deposit/withdrawal options.
4.There is Moneybookers to deposit funds, and there is not Moneybookers to withdrawal funds. It's really stupid.
Member Since Nov 04, 2013
6 posts
Nov 05, 2013 at 22:12
never find good broker like ic markets . spreads , speed , and slippage no broker can beat ic markets
Sep 04, 2013 at 02:39
VabRus posted:oscarin posted:
- Big difference between Demo and Live, no slippage on demo, a lot of slippage on Live. 20% of my account lost due to slippage.
Have they solution for this problem? I like this broker but only I am seing in demo account.
Some new experience for this broker?
Test Axi 😉
Sep 04, 2013 at 02:09
oscarin posted:
- Big difference between Demo and Live, no slippage on demo, a lot of slippage on Live. 20% of my account lost due to slippage.
Have they solution for this problem? I like this broker but only I am seing in demo account.
Some new experience for this broker?
Member Since Sep 04, 2009
879 posts
Aug 05, 2013 at 05:34
Lousy customer service!
forex_trader_121132
Member Since Apr 08, 2013
5 posts
May 14, 2013 at 06:25
Awsome broker! Service is really good and fast. Low spreads. 1,55 USD Cashback for one lot. 😎
Member Since Apr 28, 2012
231 posts
Mar 23, 2013 at 20:49
Has some of the best if not very the best spreads of all the retail Forex brokers.
Some slippage lately due to server overloads as it's been a victim of its own success, but upgrades in early April/late March promise to address this issue.
Some slippage lately due to server overloads as it's been a victim of its own success, but upgrades in early April/late March promise to address this issue.
Dec 11, 2012 at 11:24
I have experienced excellent support, narrow spreads, and since moving to a live account, I have only experienced slippage on my very first live trade, but I believe it was due to a connection problem at my end.
In ECN account, commissions plus swaps can be quite high for a small account like mine, but the very narrow spreads at least offset much of this.
Very happy so far, after 1 week live, and 2+ months demo trading.
In ECN account, commissions plus swaps can be quite high for a small account like mine, but the very narrow spreads at least offset much of this.
Very happy so far, after 1 week live, and 2+ months demo trading.
Nov 23, 2012 at 15:45
Very bad experience with this broker:
- Big difference between Demo and Live, no slippage on demo, a lot of slippage on Live. 20% of my account lost due to slippage.
- Mediocre Customer Service
- 10 days to withdraw funds and 55 USD fee!, (They denied me Moneybrokers withdrawal, in spite of they offer it on their withdrawal form)
- The only good thing: low spreads, but, is it important if you get a lot of slippage on the entries?
I don't work anymore with this broker.
- Big difference between Demo and Live, no slippage on demo, a lot of slippage on Live. 20% of my account lost due to slippage.
- Mediocre Customer Service
- 10 days to withdraw funds and 55 USD fee!, (They denied me Moneybrokers withdrawal, in spite of they offer it on their withdrawal form)
- The only good thing: low spreads, but, is it important if you get a lot of slippage on the entries?
I don't work anymore with this broker.
