Analyzing IC Markets: what is known about the broker?

Calling itself a regulated provider of CFD contracts and currencies, IC Markets does not specify important legal documents. It poses a great danger for a trader who does not have professional experience and tends to trust loud words. The firm does not have the best reputation, but there are several positive reviews about it on the web. In today’s article, we will tell you what real clients are talking about and how safe it is to cooperate with IC Markets.

Information about the brokerage project

The company offers trading solutions for active intraday traders and scalpers. It allows beginners who do not have special knowledge and skills to earn. IC Markets guarantees its clients unique trading platforms that feature low latency and superior liquidity. It claims to revolutionize online trading, but what is actually happening? The office does not provide legal documents and is therefore quite dubious.
IC Markets outlines the benefits that can make all the difference to a potential client:

1. Low spreads. A market player can enjoy minimal fees with optimal market conditions. The company has invested its money in technologies that minimize spending.
2. Fast execution of orders. The company uses high-tech equipment of corporate level. It locates its servers in the largest data processing centers – New York and London. Fiber optic cross connects price providers and clients, ensuring minimal latency.
3. Favorable terms of cooperation. Market players can use scalping or hedging, because the firm does not limit them in trading strategies. Spreads start from 0 points, and leverage reaches a ratio of 1:1000. The company accepts deposits in 10 major currencies.
4. Unrivaled customer service. The exchange intermediary provides round-the-clock support. The professional team has a wealth of experience in the forex industry, and therefore, the staff understands the needs of their clients perfectly. A market player can trade with confidence, counting on the help of experts.
5. Advanced trading tools. The market player gets the popular Metatrader 4 system. He has access to one-click trading module, market depth, spread monitoring and trading risk calculator. The client can use advanced order types that make the work even more convenient.
6. Trust and transparency. The exchange intermediary seeks to build mutually beneficial relationships with its clients. It calls itself a regulated CFD provider that avoids requotes and price manipulation.

The website of the exchange intermediary tells us that the management team has extensive experience in international markets. Specialists have traded on stock exchanges in Asia, Europe and North America. It is this experience that allowed them to choose the best technical solutions and optimal liquidity providers.

Review of trading conditions

The exchange intermediary offers to activate one of three tariff plans. A market player can use an account with zero spreads or commissions. It is possible to start trading activities from 200 American dollars. The trader is able to use flexible leverage and realize any strategies. It is possible to switch to an Islamic account, which does not provide for payment of swaps.

Trading instruments and platforms

IC Markets allows you to trade on advanced platforms. It offers the sought-after Metatrader system in 4 and 5 versions. The market player can use numerous indicators and advisors. Price charts are available to him, with the help of which it is possible to determine the existing trends. Charts and graphical tools are at the disposal of the client. With the help of technical developments, the trader can conduct qualitative analysis and conclude profitable deals.
The cTrader platform has been specifically designed for high-speed trading. The market player gets an elegant interface, advanced features and unique design. He will view real-time quotes while enjoying low commissions and spreads. There are no restrictions on limit orders at all. Provision is made for the use of multiple order types. There are removable charts and advanced symbol display in the brokerage system.
The company offers the use of a virtual private server. A market player can automate his trades in a fast and secure network environment. VPS is provided absolutely free of charge. To use high technology, it is enough to register in the brokerage system. The development allows minimizing the problems related to the Internet connection.

Testimonials from real clients of IC Markets

There are quite a lot of negative comments on independent web portals. A market player has been trading with the firm for only two weeks, but has already managed to bring the broker to light. At first glance everything was good enough. Deals were closing in plus, but then the anomalies began. There were terrible slippages on the chart. The Internet network was the best in the city, but technical support referred to this very problem. Apparently, the brokerage firm intentionally contributes to the drain of the deposit.

The firm is very problematic. For a long time it did not credit the bank transfer, even after providing all the necessary documents. During market trading there were sharp spikes in volatility. Stop orders appeared on the chart, but the trader did not set them. Trading resembled a real circus. The brokerage firm does not deny its mistakes, but refuses to reimburse losses. The trader has deactivated the “withdrawal” button, so he cannot withdraw his funds.

The exchange intermediary offers low spreads and favorable trading conditions. To start, 200 American dollars will be required. The deposit is quite acceptable for most traders. At the same time, several times a trader noticed delays in closing orders. Among the problems, too long withdrawal of profit is noted. The investor has to wait for several weeks. The client has doubts that the firm wants to make payments.

Some market players publish positive reviews about IC Markets. They talk about normal trading conditions, but sometimes there are small slippages. According to customers, withdrawal of funds is carried out within a few hours. Technical support staff promptly responds to requests, helping to solve any issues. The company is not bad for beginners or experienced traders.

Can the IC Markets project be trusted?

The brokerage firm has an ambiguous reputation. On the one hand, there are negative comments about it, which describe problems with payments, slippages. On the other hand, some traders talk about a real opportunity to earn money. Technical support does not always help to solve problems. In some cases, it admits its mistake, but does not seek to correct it. Merchants sometimes have doubts about the honesty of the project. Payments are made slowly, sometimes the “withdrawal” button is not active. The company raises serious doubts, and therefore we do not recommend registering on its platform.