IC Markets TRUE ECN Trading Benefits
IC Markets is one of the world’s leading TRUE ECN BROKER that offers a host of benefits like superior trading technology, lowest cost, commission discounts, rebates and unparalleled customer support) worldwide. Here we will be informing you of the benefits of trading forex with IC Markets as the best forex broker, accelerate your journey towards trading forex independently.
About IC Markets TRUE ECN:
International Capital Markets Pty Ltd. (or IC Markets) is an Australian Securities and Investment Commission (ASIC) approved licensed forex broker globally renowned for its TRUE ECN offerings, world-class customer service and 24/7/365 support.
Headquartered in Sydney, IC Markets is serving its international clientele since 2007.
IC Markets delivers a host of technologically superior trading platforms to choose from viz. MetaTrader 4, MetaTrader 5 and cTrader. It allows clients to trade 64 currency pairs, 41 types of contract-for-differences (CFDs) across diverse assets classes viz. metals, indices, futures and crytpocurrencies.
Apart from all the industry leading products, IC Markets also offers its clients social copy trading feature through ZuluTrade Platform and Myfxbook.
Greatly values each and every individual client and delivers customized support tailored to suit individualistic needs.
IC Markets Benefits:
When it comes to benefits, IC Markets True ECN Broker delivers an enviable combination of low cost, superior quality and full transparency.
Lowest Spreads: Its mission is to offer to its clients lowest possible bid-ask spreads (lowest starting from 0.0 pips).
Lowest Commissions: IC Markets industry charges highly competitive commission per traded lot due to a variety of factors including high market capitalization, high liquidity, large market-depth and market-width. On top of that, it also offers customers commission discounts every time a customer places a new trade.
IC Markets Discount Program: IC Markets offers special commission discounts for clients who register through an introducing broker. (learn more..)
All new clients can become eligible for commission discounts every time they book a new trade. To be eligible for IC Markets Commission Discounts, new clients need to register on IC Markets, click on IB checkbox in the Step-2 and enter “2677” as their IB-Partner ID.
Existing clients need to send an email at IC Market Accounts (email@example.com) with a request to shift their account under IB ID: 2677 for rebates.
Superior Trading Platforms: As of today, MetaTrader 4, MetaTrader 5 and cTrader are the best and most efficient trading platforms. IC Markets allows its clients too directly access it TRUE ECN offering through any of these three trading platforms.
Futuristic Trading Tools: IC Markets has introduced new and impact tools or features to its MT4 account that takes trading to another level. These tools include:
One click track module;
Trade Risk Calculator;
Advanced Order Types.
Best overall environment and trading conditions: IC Markets achieves that by:
investing heavily into technology to cater all new updates and client-specific trade information within a fraction of a second;
typing-up strategic relationships with new and reliable liquidity partners including large banks and dark pool liquidity providers;
maintaining a large pool of diverse clients so as ensure expeditious execution of trades in real-time; and
strengthening the overall network.
Vast Market Width and Market Depth: Having great market width and market depth is quintessential for any ECN broker to cater best of services to its clients, in terms of, adequate liquidity, counterparties available to trade, low latency and instantaneous execution of trades. IC Market has both sufficient market width and market depth.
IC Markets maintains a large network comprising of diverse clients ranging from retail clients to large institutional clients. This lends IC Markets enough market width.
Market depth is reflected in the IC Markets monthly trading volumes. For the month of October 2018, a total of $568 billion was traded over IC Markets. The total traded volume since January 2018 until October 2018 is $4.035 trillion.
Low Latency: IC Markets boasts top of the line technology infrastructure. IC Markets TRUE ECN MT4 and MT5 accounts are hosted by at New York by Equinix NY 4 data centers. This has been done while keeping customers at very core of company's focus. Such strategic placement of servers places the customers closest to IC Market's liquidity partners, reduces latency, and facilitates instantaneous execution of all trades.
Benefits of Being an ASIC-Regulated Forex Broker:
IC Markets is regulated by ASIC.
It is not the IC Markets that holds client funds, and rather deposits it in separate client trust accounts held with topmost Australian banks to deliver you an unparalleled peace of mind. IC Markets has Westpac Banking Corporation (Westpac) and National Australia Bank (NAB) as its bankers.
Being a highly-regulated broker, IC Markets offers full transparency. It is audited by a team of independent auditors which ensures that all its operations and financial statements are in full compliance to ASIC-mandated regulations.
To add further to the transparency, IC Markets reserves its membership with Financial Ombudsman Service (FOS) to facilitate independent and fair settlement of disputes between the member financial services providers and the clients.
International Presence: Client from all countries except U.S, Canada, Israel and Islamic Republic of Iran can open an account and trade with IC Markets.
Offers Islamic accounts: More details can be found here.
Best for Traders That Are New to the Forex Market: IC Markets delivers the best possible combination of technology and trading platforms for all its clients.
Its trading tools are novel and easy to use even by traders who are new to the forex market.
On top of all that, IC Markets also offers breadth of educational resources to welcome aboard new clients and enable them to quickly grapple with forex basics and some of the most effective forex trading strategies.
Demo Accounts: With IC Markets, you won’t have to ask for more because it understand the broader needs of all types of clients whether beginner or expert.
Motivated to champion the cause of every client, IC Markets allows new clients to open a demo account and practice trading forex in a simulated market environment until you are ready to submit your maiden live trade.
Demo account supports trading-in all trading platforms, and across all account types and tradable products.
IC Markets TRUE ECN Account Types
At IC Markets, being holistic (whether it is in client service or features afforded to the client) is a tradition. IC Markets offer two types of TRUE ECN accounts, “the Mt4 True ECN” and “cTrader ECN”. Both IC Markets TRUE ECN Accounts offer lowest possible spreads available across the industry. For instance, the average spread on EUR/USD currency pair is just 0.0 pips and a very small commission of $2.75 per (single-side) traded lot (with Rebates).
Open an Account with IC Markets Discount in 5 Simple Steps:
Follow these five simple steps to open your TRUE ECN account and get ready to trade forex in a simple yet efficient and transparent manner.
Fill-in primary details (first name, last name, e-mail id);
Choose your types (individual or joint or corporate) and other personal details (click IB checkbox and enter the partner id if you were introduced by an introducing broker);
Configure your account: choose your trading platform (cTrader or MetaTrader5 or MetaTrader4 or MT Android or MT iPhone or MT Mac); choose your account type (true ECN or standard) and select base currency for your account;
Complete a simple questionnaire;
Upload documents and fund your account.