Guide ICMarkets Global to log in properly, and learn and evaluate the details of the trading platform. To meet the increasing needs of customers, how does ICMarkets operate? Join IC Trading in a detailed review of this global financial exchange.
Overview of ICMarkets global
ICMarkets is currently the world’s leading financial trading and brokerage platform. But the information below will help you better understand this trading broker.
What is Global ICMarkets?
ICMarkets was established in 2007, headquartered in Australia. To be a broker and provide global financial services. Mainly operating in the field of foreign exchange, ICMarkets is often compared with Pepperstone as the two largest brokers in AUSTRALIA.
However, according to research, ICMarkets has 4 times more traffic than its competitors. After 16 years of development, ICMarkets has now become the largest brokerage floor in Australia. According to ICMarkets reviews on groups, the exchange is currently one of the exchanges with the largest trading volume in the world.
Official statistics also show that the average trading volume at ICMarkets reaches $400 billion/month. They set a record in 2019 of $646 billion in March.
ICMarkets is currently the trading platform with the lowest spreads in the world. Costs and customer service are both rated good. Currently, there is also a separate support department for traders. In addition, it receives trust from customers around the world.
Current account types on ICMarkets
When it comes to trading account systems, ICMarkets is always proud of the fact that they provide a variety of accounts including ICMarkets global. Besides, the accounts also support users a lot, including:
Account Raw Spread ICMarkets (MT4 & MT5)
This is currently the most popular account type of ICMarkets, the best account type. The transaction costs of this account are low so it is highly appreciated by traders. Low spreads from just 0.1 pip for EUR/USD and commissions of $3.5 per lot per side. Along with fast order matching speed is a huge plus point of this account.
CTrader ICMarkets Raw Spread
ICMarkets cTrader accounts have low spreads and commissions. Another fast-growing account today. It is suitable for day traders and scalpers. At present, this type of account can be considered to be the future and will continue to develop strongly.
ICMarkets Standard account
ICMarkets’ Standard account or standard account also works on the Meta Trader 4 & 5 platform. This account type has order execution times and latency equivalent to Raw Spread. There is no commission fee but the spread is about 1.0 pips larger than Raw Spread and cTrader for the EUR/USD pair.
>>>See more: Instruct with an ICMarkets open account swiftly
Is ICMarkets globally trusted?
ICMarkets Global is currently licensed and regulated by trusted financial regulators. They received a license since their inception and still attract millions of users. Essentially, judging by the nearly $6 billion daily trading volume would prove it. ICMarkets Copy Trading service is very popular and trusted by traders today.
Is ICMarkets Global a scam?
ICMarkets is currently a famous financial broker from Australia. ICMarkets Global has been operating since 2007 and is also a “big man” in the market. The number of traders participating in this floor is very large, with a volume of billions of USD.
Especially in the market, there is a rapid growth rate of the financial market. With a population of nearly 100 million people, it is easy to understand that many Forex brokers attach great importance to this. The UK is considered a top potential market, so the floor also invests quite a lot.
Current law does not prohibit transnational exchanges from operating. Fraudulent activity has never appeared and is also protected by other financial institutions. Therefore, customers can completely rest assured using this trading platform.
Organizations that recognize ICMarkets
ASIC, FCA, CySEC, NFA, Seychelles,… These are the world’s leading financial, banking, and insurance organizations that recognize the operations of ICMarkets Global. Ensuring stable operation of the floor, receiving the trust of all customers in the market.
Operating license
Like other trading floors, ICMarketd demonstrates its reputation and quality to customers through its operating licenses. Currently, this exchange owns 4 main types of operating licenses:
- License number SD018 of FSA – Seychelles Financial Services Authority.
- ASIC – Australian Securities and Investments Commission issued license number 335692
- CYSEC – License No. 362/18 issued by the Securities and Financial Commission of Cyprus
- SCB – License number SIA-F214 issued by the Bahamas Securities and Financial Commission.
Accessing the most difficult markets in the world ensures customers can rest assured. Especially with conditions such as equity capital of at least 1 million USD. Shows that ICMarkets has enough financial potential to pay customers and expand liquidity.
Risk insurance for investors at ICMarkets
Previously, ICMarkets Global was independently audited externally (Externally Audited). This requires the exchange to comply with legal obligations and operational procedures. It can be said that the floor is implementing investor protection policies very well.
Recently in 2022, Seychelles is Asia’s leading insurance company also partnering with ICMarkets. This is the company that will be responsible for protecting customers outside of Australia. Because domestically, Australia’s NFA bank has protected its customers. That means, if you are a customer, Seychelles will be the unit that guarantees the trader if the exchange encounters risks.
With the above information, customers have somewhat realized the reputation of this trading floor. If you want to learn more about ICMarkets, continue to the content below.
5 things you should know about ICMarkets
When you learn about ICMarkets Global, the following are things you need to know. Only when evaluating these criteria can traders feel secure in choosing and depositing money.
Products are allowed to be traded on ICMarkets Forex floor
One of the most highly rated advantages of ICMarket is product diversity. Currently, on this exchange, there are more than 2000 products belonging to the following 7 asset groups:
- Forex: 61 forex pairs with almost all spreads being 0.0 pip.
- Commodities: 22 types of commodities that many traders are interested in are: energy, agricultural products, metals, or CFDs,…
- Index: Leading popular indexes such as Australia’s S&P 200, UK’s FTSE 100, US’s E-mini S&P 500, and DJIA… There are a total of 25 such indexes on the floor.
- Bonds include 9 types, 1800 large-cap stocks, and 21 most popular cryptocurrencies.
- ICE Dollar, CBOE VIX, WTI Crude Oil, and Brent Crude Oil are the 4 types of futures contracts the exchange offers.
Leverage of ICMarkets Forex floor
ICMarket offers different leverages for each asset type and account. However it will be flexible from 1:1 to 1:500. However, the maximum leverage depends on many factors.
Commissions and margin fees
When choosing this address, commission fees and fees on the floor are greatly discounted. Specifically, the commission and margin side of ICMarkets Global are listed in detail below:
- ICMarket’s commission: This depends on each different account type. With a standard account, there are no commissions, but you will have to pay higher spreads. Or the Raw Spread account, the commission fee is 3$ per 100,000$ and cTrader account is 3.5$. Note that commission fees only apply to Forex, which charges two-way fees for opening/closing orders.
- Spread ICMarkets: With a super low level of only 0.0 pip, it can be seen that the spread of the floor is super low. But ICMarkets Global regulates spreads depending on each account type and each trading product.
- ICMarkets overnight fee: The ICMarkets swap fee only applies when opening an order the next day. This fee mainly depends on the account type and the currency pair the investor buys and sells.
ICMarkets trading platform includes cTrader
IC Markets has cooperated with leading technology companies so you can easily trade on 3 platforms MT4, MT5, and cTrader. ICMarkets also has the cTrader trading platform, which is a huge plus for new customers.
IC Markets offers its clients the opportunity to trade on MT4 and MT5. The two most popular platforms on the market today are highly appreciated for their usability. Extremely user-friendly, with many high reviews from the tool provided. With IC Markets MT5 also creates flexibility in global trading.
Trading tools are provided on ICMarkets global
Trading tools at ICMarkets are diverse and open for many people to access. Below is a detailed review of the trading tools that ICMarkets Global provides. You can refer to and evaluate to choose through the information below.
VPS virtual private server
If you are a professional trader intending to use IC Markets to trade Forex. VPS itself is a third party because it is a virtual server that runs 24/7. This allows traders to run daily and hourly trading strategies. With leading trading VPS providers (ForexVPS, Beeks FX VPS) it is easy to connect.
MAM/PAMM
For traders who need to manage multiple accounts at the same time. ICMarkets offers MAM software that connects all allocation settings directly. This system connects to the MetaTrader 4 server that ICMarkets provides.
This tool helps managers focus only on individual accounts. Other accounts will be handled seamlessly with MAM software. This is a great support of the floor for traders with many accounts. Especially investors who offer copy trades will be even more useful.
Other support tools
There are up to 10 other types of tools that will help traders have big wins on ICMarkets. For example, correlation matrices, alert management tools, or Trade Terminal to support trading,…
>>>See more: ICMarkets: A leading trading platform for the financial markets
Instructions for ICMarkets global login properly
Maybe here you have chosen a reputable forex trading platform for yourself. But don’t know how to log in to the IC Markets personal area? As with other trading floors’ homepages, please refer to the following steps to log in to ICMarkets.
Step 1: Visit the website or homepage of ICMarkets.
Step 2: Then to log in, you must go to “Customer Login” on the right corner of the screen. Next, enter the Email Address and Password that you registered with the exchange. Finally, log in to IC Markets – Log in to the MT5 platform.
Of course, if you don’t yet have an MT5 account, you will have to download it to register first. If you already have an account and want to log in to ICMarkets, you can also do so through MT5. Select “Account” and perform the following steps:
- Step 3: Access MT5 ICMarkets, then select File -> and log in (Login to Trade Account).
- Step 4: Enter MT5 account information for Login, Password, and Server, followed by choosing to log in. If successful, you will receive a notification sound. You have now successfully logged into MT5 ICMarkets.
Conclude
Above is the information IC Trading has provided about ICMarkets Global. Hopefully, this information will help people choose whether or not to participate. But no matter what you choose, you should practice and learn to trade before starting.
FAQ
With the global ICMarkets forex trading platform, you will receive all transactions. However, there will still be certain questions and below there will be answers for traders.
Is ICMarkets a good broker?
Any trading platform has its advantages and disadvantages, and whether it is good or not depends on each trader. If you want to trade on the ECN floor, it has fast matching speed and low spreads. Then ICMarket is a good choice for you to refer to.
Has ICMarket ever scammed customers?
Established in 2007, IC Markets still creates trust with customers. IC Markets also has licenses from FSA, ASIC, CYSEC, and SCB so it is always a very good choice.
How many IC Markets accounts can an individual open?
ICMarkets Global allows you to open multiple accounts at the same time. You can open as many guest accounts as you want and there is no limit.
