IC Markets begins to move into social trading with the launch of the IC Social app。What is its service and what are its characteristics?？Is it worth a try?？

The past few years have seen significant technological advances in the financial sector.。With the development of mobile applications and online brokerage business, the role of mobile trading in global traders has grown significantly, further supported by Internet plans and smartphone devices。

Financial markets are more accessible than ever before and virtually anyone can trade anywhere in the world.。Because of these advantages, mobile trading has begun to become part of the daily lives of the next generation of traders.。

IC Markets is one of the leading brokers offering mobile social trading apps to its clients。In addition to platform devices, IC social applications have recently been launched。

Introduction to IC Social

IC Social is a new social trading app from IC Markets。The app itself is powered by Pelican Trading, a London-based social trading platform provider。First of all, this application is still fresh, there may be some flaws, and the foundation of the signal provider is still in its early stages; however, given that IC Markets is the most popular broker in the trading industry, we can expect the application to improve significantly in the near future。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

In short, IC Social is an all-in-one mobile app that allows traders to execute trades, copy professional traders, and interact seamlessly with other users.。To use the app you need to open a real MT4 trading account。The account type is not important and can be a standard account or an original account, although the latter is usually more popular with retail traders due to its lower commission structure。

Currently, the app is only available for mobile devices, you can download the app from Google Play for Android users or the App Store for Apple users。As of press time, it is only a few months away from release, but the app has been downloaded by more than 1,000 users on Google Play。

Key Features and Benefits

IC Markets claims that IC Social is a solution to enhance the trading experience。The biggest advantage is that it allows you to trade, chat and learn on a simple platform, without installing separate software to access a series of functions and perform different trading activities。The main features of the application are as follows:

documentary transaction

Documentary trading is the act of copying someone else's strategy and using it as your own。You can determine the amount of risk you are willing to take and select the expert whose strategy you want to replicate。Once the trade starts, you will automatically copy everything they do in real time; when the trader opens a position, your account will also make the same trade。To start documentary, you need to select a trader and click on "Documentary"。

Interactive Archive

The key to the success of documentary trading is to choose a reliable signal provider.。In IC Social you can view and interact with each trader's profile。The data displayed on the profile includes the trader's open positions, pending orders, closed trades, monthly earnings, profitability, trading markets, etc.。Therefore, you can observe the behavior of other traders before starting to follow orders and take risks with funds。

signal trading

If you are confident in your trading skills and experience, you can choose to provide trading signals such as price entry, date and time entry。In other words, you can become a signal provider and let other traders copy your strategy in exchange for a small commission。

Activities and Interactions

IC Social allows you to join the trading community and learn from it。On the Activities tab, you can view real-time updates and activities of other users。For a relatively new service, the field is already quite active, with more traders joining every day。This is not surprising, as IC Markets are very popular among today's global retail traders.。

By default, your group list is empty, so you need to join a trading group or create your own group and build a portfolio, and you can also follow other traders and see their updates in real time。

Instant Messaging and Sharing

In addition to viewing other traders' profiles, you can interact with them via instant messaging。You can chat with them and share trading ideas for new insights, trading advice or suggestions。The app allows users to share strategies, comment on other people's updates, and post questions to group chats or private messages to expert traders.。

Reverse trading

You can choose to challenge a friend's trading strategy or reverse each other's trades in real time, which means you can build new trades using the same tools but in the opposite direction。So, for example, if the original position was a buy trade, you would short and open a sell trade。

Documentary Risk Management

Finally, the IC Social application provides a variety of risk management tools designed to help you avoid losses when following trades, including warning levels, soft stop levels, hard stop levels, and current levels。All of these instruments can define the level of capital withdrawal as a percentage, providing you with information about different aspects of your trading。

How to start trading with IC Social

1. Create an IC Markets account (if you don't already have one): just visit the broker's website and create a new live trading account。Enter your personal information to complete the verification process。
   Connect your real MT4 trading account to IC Social: Install the IC Social app and log in with your MT4 account credentials。
   Deposit: To start trading, you need to deposit funds for your account, simply select your preferred payment method and specify the amount to deposit。
   Start documentary trading: browse the various signal providers and select your favorite trader for documentary trading。Be sure to check the trader's profile for reliability and past trading performance。

Conclusion

Social trading is a great idea to improve trading performance because it allows you to quickly gain valuable trading insights without spending a lot of time learning。Through the social trading platform, you can observe the behavior of other traders and interact with them easily。The best part is that you can make money and learn at the same time。

While relatively new, IC Social clearly has a lot of potential to become one of the best mobile social platforms。We can look forward to more features and updates in the coming months. In particular, the application is supported by Pelican Trading, a company known for its excellent copy trading technology。

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IC Marketsis an original spread brokerage firm that deposits all clients' funds into separate trust accounts backed by well-known Australian banks such as Westpac and National Bank (NAB).。In addition to this, IC Markets offers a variety of trading tools such as forex, indices, bonds, cryptocurrencies and more。