IC Markets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of IC Markets trading signals. You will learn what kinds of trading signals IC Markets offers and what the conditions for using them are.
Short introduction of IC Markets
IC Markets stands out as a highly reputable broker offering trading with 2,250+ instruments across Forex, stocks, commodities, cryptocurrencies, and more.
The broker provides ultra-fast execution with order speeds up to 40 milliseconds facilitated by its top-tier liquidity partners and processes over $29 billion in Forex trades daily. With a strong focus on active traders, it offers ECN accounts with raw spreads from 0 pips and leverage up to 1:500 (based on which regulator's rules apply to a trader's account). Copy trading is also well-supported through integration with ZuluTrade, cTrader Copy, and other platforms.
IC Markets clients benefit from robust security and regulatory licenses from ASIC, CySEC, and others.
| 💰 Account currency: | EUR, USD, GBP, CAD, AUD, HKD, NZD, CHF, SGD, and JPY |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | 1:500 (FSA); 1:30 (ASIC and CySEC) |
| 💱 Spread: | Standard: 0.6 pips; Raw Spread, MT4/MT5: 0 pips; Raw Spread, cTrader: 0 pips |
| 🔧 Instruments: | Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
| 💹 Margin Call / Stop Out: | 50%/100% |
IC Markets Pros and Cons
👍 Advantages of trading with IC Markets:
•Availability of three licenses;
•Wide range of assets;
•Standard and ECN account types for trading on different platforms;
•Mobile apps for Android and iOS-based devices;
•Scalping, hedging, and algorithmic trading are allowed;
•Minimum delay when executing orders and ultra-fast market execution;
•Competitive trading fees;
•Wide choice of social trading and copy trading platforms;
•24/7 support via live chat;
•Demo accounts on MT4, MT5, and cTrader;
•Swap-free accounts are available for Muslim traders.
👎 Disadvantages of IC Markets:
•Education materials available on the website are not very informative or diverse;
•Rebates are available outside Australia and the European Economic Area;
•Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
IC Markets Trading Signals
Copy trading signals
IC Markets’ office is regulated by FSA and offers the most advanced opportunities for passive income. Subject to the broker’s division, the following investment income options are available:
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IC Social, cTrader Copy Trading, and Myfxbook social platforms in the Signal Start format — FSA;
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ZuluTrade — ASIC and FSA;
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cTrader Automate, MQL4, and MQL5 — all jurisdictions;
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IC Shares to invest in stocks on the Australian Securities Exchange — ASIC.
ZuluTrade, MQL, and cTrader Copy Trading allow traders to completely automate the trading process, which means that trades of chosen providers are copied without the participation of investors. Myfxbook and IC Social are apps for social trading, that is investors decide themselves what trades to copy. cTrader Automate is designed for algorithmic trading and is suitable for experienced traders.
Forex alerts
IC Markets supports alerts. Alerts in financial markets are notifications about certain events, such as an asset reaching a specific price, trend reversal, etc. Traders can customize events for which they want to receive alerts. Thanks to IC Markets alerts, users can stay informed about events in financial markets and react quickly. There is no need to constantly monitor quotes. Traders receive notifications according to their settings and can make reasoned investment decisions.
Autochartist signals
Traders who trade with the IC Markets broker can receive Autochartist signals. Autochartist is a service for chart pattern recognition and technical analysis. The service analyzes charts, identifies forming patterns, and provides recommendations for opening trades in a particular direction for a specific asset. Autochartist provides the following features:
Trading signals for various patterns such as Head and Shoulders, Rising Wedge, Falling Wedge, Triangle, and many others.
Signals upon identifying Fibonacci lines, chart corrections, etc.
Alerts for traders via email.
Analysis of activity in financial markets, etc.
Autochartist recommends trade direction, entry and exit points, and provides a large amount of useful information for any trading strategy to traders.
Conclusion
Based on the results of the analysis of the IC Markets trading signals, Traders Union analysts established that the conditions are average. The broker offers limited opportunities for the clients choose its trading signals. However, there are also benefits, which is why they can be considered for investment. Keep in mind that trading signals carry the risk of losses and make sure to use the rules of risk management.
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FAQs
Can I subscribe to several signal providers?
As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.