IC Markets trading hours
There are plenty of investment platforms on the market. IC Markets is one of the most prevalent platforms that cater to a wide array of users. However, since this sector is so new, many people are unaware of the rules of the platform. For instance, although the platform is online, you cannot necessarily trade 24 hours a day. Rather, there are specified hours in which you can do so. When it comes to IC Markets, those hours are the same as forex markets hours and global stocks hours. Let's take a closer look at IC Markets' hours and other relevant information.
IC Markets CFD Markets Hours
If you are wondering about the specific trading hours in the American markets, they are as follows:
| Market | Trading Hours (GMT) | Local Exchange Time |
|---|---|---|
All |
Daily: 00:01 – 23:59 |
Daily: 23:01-22:59 EST |
All |
Friday: 00:01 – 23:57 |
Friday: 23:01-22:57 EST |
USD/RUB |
Daily: 10:00- 23:50 |
Daily: 9:00-22:50 EST |
Forex Market Hours
If you are wondering about trading hours on some of the most prominent markets, they are as follows:
Tokyo (Asian Region): When it comes to the Tokyo market, Forex trading hours run between 23.00 GMT and 9.00 GMT. During this time period, the majority of the actively traded pairs are those with the Japanese Yen (JPY). This includes pairs such as EUR/JPY, USD/JPY, and GBP/JPY, among several others.
London (European session): When it comes to the London market, Forex trading hours run between 8.00 GMT and 17.00 GMT. During these hours, the most actively traded pairs include GBP/USD, EUR/USD, EUR/GBP, USD/CHF, and other prominent currency pairs within the region.
New York (American session): Lastly, when it comes to the New York/ American market, the trading hours occur between 13:00 GMT and 22.00 GMT. Some of the most prominent trading pairs within the American/ New York market are pairs that involve US dollars. Some examples of those trading pairs are USD/JPY, EUR/USD, GBP/USD, etc.
FAQ
What are IC Markets’ trading conditions?
IC Markets has a unique mission when it comes to trading conditions. In particular, their mission involves providing traders with the lowermost spreads and quickest implementations possible. These conditions are consistent over 285 Forex financial goods, including precious metals Forex, futures, stocks, and other related commodities. Therefore, the platform has invested considerably in technology and has taken the time to create robust relationships with various large and reliable pricing providers within the market.
What account types does IC Markets offer?
If you are wondering what types of accounts you can choose from, they are as follows:
Raw Spread Account: The Raw Spread account displays the Raw inter-bank spread that has been made customary via IC Markets’ liquidity providers. When dealing with these types of transactions, there is typically a commission fee of $7 per standard lot round turn.
Standard Account: On the other hand, the standard account charges no fees. Rather, these accounts include a markup that is applied to the spread of 1 pip above the raw Inter-bank rate that is derived from the platform’s liquidity providers.
What steps are required to open a live trading account with IC Markets?
To open an IC Markets account, simply click on the “Open a Live Account” to complete your application form. After completing your application, you simply need to wait for your account to be approved. Once it has been approved, their team will email the login details for the trading account. You can then fund your account and begin trading.
What are the differences between standard and raw accounts?
On the one hand, IC Markets charges no commission on Standard Accounts. However, the platform does markup the spreads derived from their liquidity providers. On the other hand, IC Markets’ Raw Spread Account offers the raw interbank spread derived from their liquidity providers. These accounts require a commission fee of around $7 per standard lot round turn.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!