Based in Sydney Australia and founded in 2007, IC Markets is one of the leading trading providers in the world. The broker is considered safe, as it’s regulated by top-tier financial authorities in various jurisdictions.
In addition, IC Markets offers low forex fees, and the account opening process is easy and fast. When trading on IC Markets, investors have the choice of three leading forex trading platforms: MetaTrader 4, MetaTrader 5, and cTrader.
With that being said, it’s easy to see why IC Markets is touted as one of the best forex brokers for traders. This review will cover the key features of the platform to help you decide if it’s the right one for your trading needs and budget.
The official IC Markets website was launched in 2018. This Forex broker is regulated by the CySEC. The broker offers trading solutions for active day traders and scalpers, as well as traders who are just starting their path in the Forex world. In addition to currency trading, the broker provides access to the commodities, indices, bonds, stocks, and futures markets. The official ICMarkets.com website provides basic trading tools like an economic calendar and a Forex calculator.
IC Markets Pros:
Forex trading with Raw Spread from 0.0 pips, without requotes, price manipulations, and limits.
The average spread is 0.1 pips, while the patented liquidity structure supports narrow spreads 24 hours a day, and 5 days a week.
Fiber optic cross-connections to the LP provide the lowest latency and average responsiveness of less than 66 ms.
The data processing center processes more than 500,000 transactions a day, while two-thirds of them are from automated trading systems.
The broker offers 61 currency pairs, 2,100 stocks, 25 indices, 21 commodities, 11 bonds, and 21 digital currencies.
The cTrader trading terminal, MT4, and MT5 terminals are available for Windows, Mac, Android, and iOS platforms, as well as through the browser.
The deposit is processed instantly at zero commission, and withdrawal requests have the highest processing speed.
The IC Markets’ website provides 100% transparent information; it is known that the company is registered in Cyprus.
Please note:
the IC Markets official website contains a warning that the broker provides services for residents of all countries except the US and Belgium. UK residents cannot trade cryptocurrency CFDs. These restrictions are caused not by the broker's policy but by regional legislation.
You can go to the IC Markets’ official website using this link. If you are already registered on the Traders Union website, registering with the broker via the link will allow you to receive a rebate.
Below is a detailed review of the IC Markets’ Personal Account. Traders Union experts will review all the advantages, disadvantages, and features of working with this platform based on user experience and multilevel analysis. The algorithms of registration, verification, password recovery, and other operations will also be explained.
IC Markets Personal Account aggregates data on trading accounts, transactions, and other operations. It features a user dashboard that allows you to open and close accounts, deposit and withdraw funds, use trading tools, or study analytical materials.
Using the IC Markets’ Personal Account, you can:
Manage accounts. Open/close real and demo accounts, make deposits, or view the transaction archive.
Withdraw profits. Use Visa cards, Skrill, and SWIFT for withdrawal. It is also possible to transfer funds to another broker's account.
Manage the affiliate program. You can earn a percentage of the fees paid by the users you’ve invited.
Work via VPS. The IC Markets’ official website provides a virtual private server for free.
Analyze the market. Through your Personal Account, you can go to the autochartist.com website, which contains up-to-date market analysis.
Improve strategies. To this end, the IC Markets platform provides an economic calendar, calculators, and technical analysis tools.
Download desktop platforms. You can download MT4, MT5, and cTrader platforms from your IC Markets Personal Account.
The IC Markets Personal Account provides traders with the necessary trading opportunities, including technical and fundamental analysis tools, in a visual and convenient form. Below we will describe the steps for opening a trading account with IC Markets.
To log into the IC Markets Personal Account, go to its official website and click Client Login at the top right corner of the page. If you have not yet registered your Personal Account, click Start Trading (Open a Live Account) or Try a Free Demo.
Registration is the process of creating a Personal Account on the IC Markets website with the simultaneous opening of the first real or demo account. Authorization is the process of logging into an existing Personal Account on the IC Markets website. You will not be able to log in if you have not registered. Also, you will not be able to register using the same information that you used for authorization (since you need a different phone number, e-mail address, and other details that should not match the previous ones).
If you have lost the password to your IC Markets Personal Account and cannot remember it, click the Client Login button on the broker's website. Under the green Login button, and find the Forgot your password? link line. Click on it, and then follow these steps:
Enter the email address you specified when registering your Personal Account on the IC Markets website.
Confirm that you are a real user and not a bot. To do this, tick the box in the captcha.
Click the "Request a new password" green button. If everything is done correctly, you will see a message that the password has been sent to the specified email address.
Open your mailbox, and you will receive a message from the broker within a few minutes.
Open the message from the broker. It will contain a new password that can be used for authorization.
If you forgot your email address or lost access to it, it is almost impossible to recover your password. The only chance is to contact technical support and explain the situation. However, you will need to provide conclusive evidence that the trading account you want to access belongs to you.
The IC Markets security service and Traders Union experts recommend changing the password of the broker's Personal Account at least once every two - three months. Even if you are sure that there was no data leak, a timely password change is an important element of protecting your funds and data. To change the password on the IC Markets Personal Account, follow these steps:
Go to the IC Markets official website, and click Client Login at the top right corner of the page.
Enter your login (username), password, and then click the green Login button.
Once in your Personal Account, hover over your username at the top right corner of the page.
Click the Change password button. Enter the old password and the new one twice; they should be different.
Please note that you can only use Latin letters (English keyboard layout) and numbers in the password. It is recommended to use upper and lower case letters. The password length can be from 8 to 15 characters.
As we have already noted, you cannot log into the IC Markets Personal Account without registration. To register, follow these steps:
Go to the IC Markets official website. Click the Client Login button at the top right corner of the page.
Click Open a Real Account under the login and password fields. You can also open a demo account by clicking Open a Demo Account. In this example, we will register a real account.
First, you need to provide your personal information. Enter the country of residence, and then your first and last name in the appropriate fields. Enter the email address and phone number; these channels will be used to confirm information and various changes in the profile, and to perform certain transactions. Click "Next".
On the next page, select the type of the trading account – Individual, Joint, or Corporate. In our example, we register an Individual account.
Enter your date of birth, and then enter the full registration address, including the zip code. Please note that you can open an Islamic account if necessary (tick the appropriate box).
Tick the box if you came to the website using a referral link, enter the referral code, and then click Next. In the next window, specify the trading platform that you will use. Select the base currency below. Also, you can enable the Raw Spread option for your trading account from here.
By clicking Next, you will be taken to the last page. Enter the security question and the answer to it. Read the User Agreement (short version) and tick the box confirming that you have read the information. Click Next.
Please note:
You have completed the registration of your Personal Account on the IC Markets website, but some features are still unavailable. To unlock full access to all trading features, you need to pass verification. This is the process of confirming your personal information. To verify the trading account, log in, hover over the Personal Account name in the upper right corner and click on the Upload documents button. Then follow the on-screen instructions. You need to send a scanned copy/photo of your passport and a proof of address (registration). Verification of documents may take some time. As soon as the managers complete the procedure, you will receive a notification, and all the features of your Personal Account on the ICMarkets.com website will be unlocked.
To open a demo account, go to the IC Markets homepage and click the Client login button at the top right corner of the page. Under the login and password fields, click the "Open a Demo Account" button. Follow these steps:
Enter your country of residence.
Enter your first and last name, e-mail address, and phone number.
Click the "Register" button.
If you came via a referral link, specify the partner code.
Select the demo account parameters.
You have registered a demo account. It differs from the real account in that you get access to real markets, but you use virtual currency for trading, so you don't risk anything. A demo account is suitable for discovering the features of the website and testing various strategies.
Please note:
You can register a demo account in another way. To do this, go to the IC Markets homepage, click the "Try a Free Demo" button, and then follow the same steps as described above.
We have already described how to open a real account. The fact is that such an account is opened during the registration of a Personal Account on the IC Markets website. You can always open another trading account. To do this, log in to the website and go to the "Accounts" section. In this section, you can register a new trading account with other parameters (choose a different platform, currency, etc.).
After you have registered on the IC Markets official website and logged in, the broker gives you access to your Personal Account. The personal account is available without verification, but in this case, you will not be able to use all its features and reduced limits will apply. The main blocks of the IC Markets Personal Account interface are:
Work with the account. This block contains the following tabs: "Accounts", "Deposit", "Withdrawal of funds", "Transfers", "Partners", and "VPS". In other words, using this block, traders can perform any operation with their accounts.
Trading tools. This block contains the following tabs: "Downloads", "Daily market forecasts", "Trading center", "Recommended ideas", "Market conditions", "Economic calendar", and "Autochartist app". That is, all technical and essential analytical information from the broker is featured here.
Help. The third block provides the following tabs to traders: "Internal investigation form", "Legal documents", "Contact us", and "Chat". This is a help block with the feedback functions.
The mentioned blocks are presented in a list form on the left side of the screen of the IC Markets’ Personal Account. The information from the selected block tab is displayed in the right part. For example, if the "Accounts" tab is active, there will be cards of the active accounts on the right. After selecting the card, you will receive information about the trading account. Now let's take a closer look at each tab.
Accounts.
All client trading accounts are featured here. You can open several trading accounts with different conditions. For example, one account for MT5 with US dollars as the base currency, and the other one with euro for the cTrader platform. For each trading account, you can see additional information: current balance, open transactions, and transaction archive.
Deposit.
Through this menu, clients can deposit funds to any of the active accounts (if the account is inactive for some reason, it is impossible to make a deposit). Deposit options include MasterCard cards and bank accounts (transfers via Skrill and SWIFT). A client also can deposit to the trading account if the client has funds in the account of another broker that is a partner of the IC Markets.
Withdrawal.
Withdrawal is available through the same channels that you can use to deposit money to the trading account. These are bank cards, bank transfers via SWIFT and Skrill, as well as accounts opened with brokers from the list of partners. The IC Makers is one of the few companies that supports transfers between broker accounts, and this is one of the fastest transfer options.
Transfer.
A simple but important option that allows you to quickly transfer funds between your accounts (only in the base currency of the account, and if currencies do not match, the conversion will be made at the market rate). No commission is charged for this action, while the transfers are instant and available at any time.
Partners.
The IC Makers official website states that every trader has the opportunity to participate in the broker's affiliate program. A trader receives a unique code that he can provide to other users and promote the platform along the way. If a user registers with the broker and enters the referral code during registration, the user becomes a referral for the code owner and will bring him profit as a percentage of the trading fees. All information about referrals and payments for them is available in this section.
VPS.
The IC Markets provides virtual servers for free. A trader can install a trading platform, expert advisors, or various robotson such a server. A correctly configured system analyzes the market and trades 24/7 without the need for a trader to constantly maintain its operation.
Downloads.
This section shows the downloaded files of the MT4, MT5, and cTrader trading platforms. Each platform has a desktop and mobile version. You can also use an internet browser to trade on the cTrader.
Daily market forecasts.
This is the first analytical section where IC Markets experts publish information on market trends by assets and asset groups every day. This is not a "magic pill" and not a ready-made trading strategy. Traders use fundamental analysis for general assessment of the situation and for individual forecasting in the future. This is an important tool, but it should be used only in combination with other solutions.
Market conditions.
Here you can find current information on specific instruments. Along with the "Trading center", this is the second most important block for any trader, regardless of their trading style and chosen strategy.
Economic calendar.
This is a conventional economic calendar; all top brokers and large specialized financial website offer this feature. The calendar highlights all economic, political, and cultural events in the world that may affect the positions of certain assets. You can set notifications.
Autochartist web app.
This app is often referred to as the "heavy artillery" of technical analysis. The platform allows you to select any type of chart for the target asset and configure the necessary indicators on it. The app itself is initially paid and available only to corporate clients, but it can be used for free through the Personal Account on the IC Markets website.
• The buttons in the menus and sections have easy names, and the navigation is intuitive. Even if you have never worked with brokers, it will only take you a few minutes to understand the possibilities of the IC Markets platform.
• In the IC Markets’ Personal Account, there are only those features that a trader needs for comfortable and successful trading. There are no extra features, questionable functions, or distracting ads.
• The website operates quickly under any circumstances and is notable for its impeccable optimization. Users do not notice errors, bugs, and lags. In addition, IC Markets is constantly improving the Personal Account section.
• Traders have access to basic and additional tools of technical and fundamental analysis. A trader doesn't need to use third-party resources to evaluate markets and develop a strategy.
• Traders can manage their trading accounts fully through the Personal Account on the IC Markets website. It has permanent access to all transactions, including archived ones. It's possible to switch to a demo account at any time.
• The only drawback of the design, noted by the Traders Union expert team, is the lack of customization. Traders cannot change the positions of blocks and their sizes on the pages of the Personal Account, because standard positions are not always convenient (especially when you are used to the Personal Account of another broker).
The IC Markets official website fully reflects the broker's thoughtful approach to work – it is simple, convenient, and versatile. Here you can monitor the securities markets, fiat currencies, cryptocurrencies, and commodities with equal comfort. Only a couple of years ago, IC Markets had very few trading instruments, which many considered a significant drawback. At the moment, the broker offers more than two and a half thousand positions, and these are only shares. This is important because it tells us that the platform listens to its users and promptly eliminates bottlenecks.
In order not to repeat information regarding the advantages of the broker, I will note conceptual points like support for the most popular trading platforms – MT4, MT5, and cTrader. Many traders are sure that the latter platform is much more convenient. The expert assessment is not so unambiguous – cTrader is not inferior to the leading competitors, but it is difficult to say how much better it is. Rather, it is a matter of personal preferences, and the possibility of choice here is always a big plus. Moreover, you can download these platforms directly from the IC Markets official website.
The broker provides a lot of analytical materials, as well as offers integration with the Autochartist from your Personal Account. Of course, there are all kinds of calculators or calendars. All this eliminates the need to use additional sources to conduct a technical and fundamental analysis of the selected market. Also, I cannot fail to emphasize the many deposit/withdrawal methods (including accounts with other brokers) and the Raw Spread mode. This mode allows you to trade with the most profitable spread from 0.0 pips.
My experience in trading is 7 years. During this time, I have worked on 12 platforms. I chose IC Markets 2 years ago and see no reason to change it. As for the website and the Personal Account, there are two things I’d like to say:
The IC Markets official website works flawlessly, even if you have a poor internet connection. The pages are "light", and everything loads quickly, despite the many features. I have never encountered lags, bugs, or anything that didn't work.
The Personal Account aggregates all data from the platform's analytical centers. There are charts, calculators, and calendars available. I was surprised when I realized that one Personal Account is enough for me to perform a full analysis of any asset.
These are not all but just a few advantages of a Personal Account on the IC Markets website, but the above is quite enough to understand that it is worth taking a look at this platform and opening a demo account on it right now.
John
professional trader
Vancouver, Canada
I have been in trading for two years and have worked with only four brokers. But it didn't take much more to appreciate all the advantages of IC Markets when a friend recommended this platform to me and gave his referral code. I registered on the same day and went through the verification very quickly (the entire process took me less than a day). I transferred money from another broker (it turned out to be a partner of IC Markets) and immediately started trading using the MT4 platform (it's more familiar to me).
The Personal Account of the IC Markets is beyond praise, I can't even imagine an alternative to it. It has a huge number of features, but at the same time, there is not a single superfluous one. From here you can order a VPS, go to Autochartist, and also read the opinions of experts on the current situation in a particular market. It is an aggregator of giant analytical datasets, which provides you with a brief squeeze – all the most necessary and important information.
Alexander
novice trader
York, The United Kingdom
I liked the Personal Account on the IC Markets website for its simple design and functionality. I've worked with many platforms, but this is the first time I've seen so many possibilities in one place.
I also want to highlight the instruments; there are a lot of them. In general, I trade securities, and the IC Markets have thousands of such assets. Recently, the platform has added more than two dozen cryptocurrencies, and now I'm familiarizing myself with them (I've always been interested in this field).
I haven't noticed any actual disadvantages after almost four months of active trading. I recommend registering a demo account at the start, as it fully corresponds to the real one and has no differences from the Personal Account. You will quickly get your bearings and realize that this is your choice!
Mark
trading analyst
Dublin, Ireland
I have very little experience in trading, but I have been trading on IC Markets for two months and I am happy with everything. I especially like the intuitiveness of the interface of the Personal Account – I didn't have a single question like "what to do?" or "where is this feature?". The analytical materials are great, and I would like to thank the platform for the recommendations from the experts!
Emma
trader
Berlin, Germany
All the information that you will see on the homepage of the IC Markets official website is true. A huge number of trading instruments, tons of analytics, spreads from 0.0 pips, 0% trading fees, instant deposit, convenient and functional Personal Account... I don't see the point in listing further. Instead, I’d like to recommend this broker to everyone interested in successful trading in any market, from currencies to commodities.
Peter
investor
Manchester, The United Kingdom
What opportunities does a trader who has registered with an IC Markets broker get?
The IC Markets official website provides traders with everything they need to trade pairs of fiat currencies, cryptocurrencies, securities, and commodities. The following are just some of the features that are available in the Personal Account of the IC Markets platform:
Traders can open a demo account and several real accounts with different conditions.
Traders have access to the trading center, charts, the Autochartist app, and Forex calculators.
Traders can deposit money from a card and a bank account, as well as from an account opened with another broker.
It is possible to withdraw money to MasterCard cards, via Skrill and SWIFT systems.
The broker provides access to three VPS servers to choose from – ForexVPS, Beeks FX VPS, and NewYorkCityServers.
Every day, the broker's experts publish summaries of current trends, make forecasts and recommend ready-made strategies.
Also, traders can download the MT4, MT5, or cTrader trading platforms from their Personal Account. All platforms are available for Windows, Mac, iOS, and Android.
I want to open an account with the IC Markets broker and start trading. What should I do?
Go to the IC Markets official website. If you are not registered, you will not be able to log into your Personal Account. To register, follow these steps:
Click the "Client Login" button at the top right corner of the page.
In the next window, click the "Open a Real Account" button.
Follow the on-screen instructions, and enter your contact and personal details.
Select "Upload documents" in the profile menu of your Personal Account.
Provide scanned copies or photos of the required documents.
While waiting for the verification to be completed, click the "Downloads" button.
Download the trading platform you want to work with.
After the identity verification is completed (when the broker checks your documents), you will be able to start trading using the installed trading platform. However, all basic features of the Personal Account are available without verification, and you can also open a demo account without it.
What money protection guarantees does the broker provide?
On the official website of IC Markets, you can find detailed information on the current licenses of the company. The indication of regulators acts as a key guarantor of the broker's reliability. In addition, the platform employs the following methods of protecting the funds and personal data of its users:
Modern solutions in the field of cyber security, including SSL encryption and countering DDoS attacks.
The ability to enable two-factor authentication and select a security question for additional account protection.
Technical support works 24/7 and can be contacted promptly via phone, e-mail, or live chat.
To date, no facts of leakage of IC Markets users’ data have been recorded. The platform has never been hacked.
What interesting features are available in the IC Markets’ Personal Account that other brokers don't have?
There are quite a lot of such special features. For example, ready-made strategies from experts, daily analytics, integration with the Autochartist app, and the ability to connect to a VPS. The Personal Account contains a trading center, an economic calendar, and a help system (including legal information that a professional trader should know).
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!
