IC Markets

Overview of IC Markets

IC Markets is an Australia-based virtual currency exchange that was founded in 2007. The company is regulated by the Cyprus Securities and Exchange Commission（CYSEC）, ensuring compliance with financial regulations. IC Markets offers a wide range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more.

With a maximum leverage of 1:500, IC Markets allows traders to amplify their positions and potentially increase their profits. The exchange supports popular trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader, providing users with a seamless trading experience.

When it comes to deposit and withdrawal methods, IC Markets offers a variety of options including bank wire, credit/debit card, Skrill, Neteller, FasaPay, PayPal, UnionPay, and more. This allows users to easily transfer funds into and out of their trading accounts.

Pros and cons

Regulations

IC Markets is regulated by the Cyprus Securities and Exchange Commission (CYSEC). The exchange holds an Investment Advisory License, with the license number 362/18.

Security

IC Markets prioritizes the security of its users' funds and personal information. The exchange implements various measures to protect against security breaches and unauthorized access. These measures include advanced encryption technology, secure socket layer (SSL) protocols, and firewalls to safeguard user data and transactions.

Trading Market

IC Markets offers a wide range of trading assets across various financial instruments.

Forex CFDs constitute a significant portion of their product lineup, allowing users to engage in currency trading without owning the underlying assets.

Additionally, the platform provides Commodity CFDs, enabling traders to speculate on commodity prices such as gold, oil, and agricultural products.

For those interested in broader market movements, Index CFDs are available, representing the performance of major stock indices.

Bond CFDs offer exposure to fixed-income securities, allowing traders to speculate on bond price movements. The inclusion of Cryptocurrency CFDs allows users to participate in the crypto market's volatility without owning the digital assets.

Furthermore, IC Markets facilitates trading in Stock CFDs, providing access to shares of various companies without direct ownership.

Lastly, the platform serves those interested in derivatives trading with Futures CFDs, allowing speculation on future asset prices.

Cryptocurrencies Available

IC Markets offers a wide range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more.

IC Markets cTrader APP

The IC Markets cTrader app delivers a high-quality mobile trading experience, allowing users to trade various global assets, including Forex, Metals, Oil, Indices, Stocks, and ETFs.

Operating as a Direct Processing (STP) and No Dealing Desk (NDD) platform, it provides advanced technical analysis tools, detailed symbol information, and real-time market trends. By logging in with Facebook, Google, or cTrader ID, users gain access to an array of order types, technical analysis tools, price alerts, trade statistics, and customizable settings.

The app accommodates a wide range of trading interests, supporting forex, ETF investment, CFD market, and stock trading, with features like symbol watchlists and ETF trading capabilities.

How to open an account？

The registration process of IC Markets is straightforward and can be completed in just a few steps:

1.Visit the IC Markets website and click on the “Open an Account” button.

2. Fill in the required personal information, such as your name, email address, and phone number.

3. Choose the type of account you want to open, such as a live trading account or a demo account.

4. Provide additional details, including your country of residence, preferred base currency, and leverage preference.

5. Agree to the terms and conditions of IC Markets and confirm your registration.

6. Verify your identity by providing the necessary documents, such as a copy of your passport or driver's license, and proof of address.

Once you have completed these steps, your account will be created, and you can start trading on IC Markets.

How to Buy Cryptocurrency CFDs ？

Here's how you can trade Cryptocurrency CFDs on IC Markets platforms:

Account Setup:

• Open an IC Markets account or ensure you have an existing one.
• Fund your account using one of the supported methods.

Platform:

• Choose your preferred platform: MetaTrader 4, 5, WebTrader, or cTrader.

Add Cryptocurrency CFDs:

• Add the desired Cryptocurrency CFDs to your Market Watch window. You can search for them by name or symbol.
• Right-click and select “Show Symbol” or “Add to Chart.” This will display the chosen cryptocurrency's price chart.

Place an Order:

• Right-click on the desired cryptocurrency's chart and select “New Order.”
• Choose your order type: Buy Long (to speculate on a price increase), Sell Short (to speculate on a price decrease), or a pending order like Buy Stop or Sell Stop.
• Enter the desired volume (number of CFD contracts) or the desired trade value.
• Set your Stop Loss and Take Profit orders (optional): These orders help limit your potential losses and lock in profits automatically.
• Click “Place Order.”

Fees

IC Markets Global offers two MetaTrader account types: Standard and Raw Spread.

For Standard accounts, no commission is charged; instead, a spread markup of 1.0 pip above Raw inter-bank prices is applied.

The Raw Spread account, on the other hand, displays the unaltered inter-bank spread from liquidity providers and incurs acommission of $7 per standard lot round turn. Commission rates vary for different base currency accounts, ranging from 5.00 to 9.00 round turn.

This transparent fee structure provides traders with flexibility and clarity in choosing their preferred account type based on their trading preferences and cost considerations.

Deposit & Withdrawal

IC Markets offers a variety of deposit and withdrawal methods to accommodate the needs of their users. Some of the common deposit methods include bank wire transfers, credit/debit cards, and popular e-wallets such as Skrill and Neteller.

To initiate a trading account with IC Markets Global, individuals can start with a minimum deposit of USD $200 or its equivalent in other currencies.