IC Markets is a well-known forex broker headquartered in Sydney, Australia, founded in 2007. The company offers a wide range of trading tools and multiple trading platforms, and is committed to providing an efficient and transparent trading environment for global investors. The following is a detailed review of IC Markets and a comprehensive analysis of relevant information.

IC Markets Overview

IC Markets (IC Markets Limited) is an Australian forex and CFD broker, regulated by the Australian Securities and Investments Commission (ASIC) with an Australian Financial Services License number of 335692. In addition, IC Markets is also registered with the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC) to serve customers in different regions. IC Markets' head office is located at 4th Floor, 50 Carrington Street, Sydney, Australia.

Trading Products

IC Markets offers a variety of trading products covering major markets around the world. In addition to forex currency pairs, investors can also trade the following asset classes:

• Forex: including major, minor and rare currency pairs.

• Energies: Brent Crude Oil, WTI Crude Oil, Natural Gas.

• Metals: including gold (XAU/USD), silver (XAG/USD), palladium (XPD/USD) and platinum (XPT/USD).

• Indices: including major global market indices such as Germany's DAX, the US Dow Jones, the Nasdaq, the S&P 500, the Australia 200, the French CAC40, the UK's FTSE 100, etc., a total of 25 indices are available for trading.

• Cryptocurrency: IC Markets offers a wide range of cryptocurrency trading options, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), etc.

• Bonds: Investors can also choose to trade government and corporate bonds.
  Stocks: IC Markets supports trading stocks of major US listed companies, such as Tesla (TSLA), Meta Platform (META), Apple (AAPL), etc., in addition to Nasdaq ETFs, European and UK stocks.

Minimum deposit requirements

IC Markets has a minimum deposit requirement of $200, which applies to customers who open a real account. If you just open a demo account for testing, no deposit is required.

Leverage and Account Types

IC Markets offers different leverage ratios depending on the jurisdiction of the client:

• IC Markets Global: Up to 1:1000 leverage is available.
• IC Markets Australia: The maximum leverage is 1:30.
• IC Markets EU: The maximum leverage is also 1:30.

IC Markets offers three main account types:

• Raw Spread Account: This account type is popular for its low or even zero spreads, but some instruments charge commissions.
• Standard Account: This account type has no commissions, but the spread is relatively high, averaging about 0.6 pips.
• Islamic Account: Also known as a swap-free account, it is for clients who cannot earn or pay interest due to religious beliefs.

Trading Platforms

IC Markets supports a variety of trading platforms to meet the needs of different traders:

• MetaTrader 4 (MT4): One of the most popular trading platforms in the world, supporting forex, CFDs and futures trading.
• MetaTrader 5 (MT5): An upgraded version of MT4 with more powerful functions and support for more financial instruments.
• cTrader: A platform designed for fast trading and low latency, suitable for high-frequency traders.
• TradingView: A browser-based charting platform that provides advanced charting tools and trading features.

Negative Balance Protection and Margin Requirements

IC Markets offers Negative Balance Protection to EU clients, ensuring that clients will not have a negative balance due to market fluctuations. However, this protection is not available for IC Markets Global clients. IC Markets' margin requirements are as follows:

• Margin Call: 100% Margin Call Level, which means that when a client's account equity falls below the margin required to maintain an open position, the client will receive a margin call.
• Margin Stop Out Level: 50% Stop Out Level, if the account equity falls below this level, the system will automatically close the position to keep the margin level within a safe range.

Deposit and Withdrawal Methods and Fees

IC Markets supports a variety of deposit and withdrawal methods, including credit card, debit card, PayPal, Neteller, Skrill, wire transfer, Rapidpay, Klarna, Bpay, Internet Banking in Thailand and Vietnam, UnionPay, POLI, etc.

However, some payment methods may not be available depending on the jurisdiction of the client. It is worth noting that IC Markets does not charge an inactivity fee, which is an advantage for clients who do not trade for a long time.

Other Important Features

• Micro Account: IC Markets allows clients to trade with Micro Lots, which is equivalent to 1,000 units of the base currency.
• Free VPS (Virtual Private Server): When the client's monthly trading volume exceeds 15 lots, IC Markets will provide free VPS services, which is particularly beneficial for automated trading strategy (EA) users.
• Hedging: IC Markets allows hedging transactions, and clients can hold long and short positions on the same trading instrument at the same time.
• Copy Trading and Social Trading: IC Markets supports a variety of copy trading and social trading functions. Clients can automatically copy the trading strategies of other traders by using copy trading software. In addition, social trading functions can be implemented by connecting to Pelican Trade or Zulutrade platforms.

Summary

IC Markets is a reputable forex broker that offers a variety of trading products and a wide range of trading platforms. With its low spreads, flexible account types and efficient customer service, IC Markets has attracted many traders around the world. For investors who want to participate in foreign exchange and CFD trading, IC Markets is an option worth considering.