IC Markets offers the ability to trade in over 61 currencies and 13 cryptocurrencies, as well as Shariah-compliant accounts for Muslims. In addition, the broker offers three major platforms and is regulated by the Australian Securities and Investments Commission. The following are some of the pros and cons of IC Markets.
IC Markets offers a Shariah-compliant Islamic account.
If you are Muslim and wish to trade the forex market, IC Markets is an ideal option. It is an ASIC-regulated forex broker, and its network of strategically located servers provides a highly reliable trade infrastructure. Moreover, IC Markets offers a swap-free Islamic account, which means you won’t have to pay any interest on your trades.
The company offers three trading account types, each with different trading conditions. You can choose from a standard, zero spread, or a demo account to get started. There’s no minimum deposit required to open an account, and you can try out the trading platforms without incurring any fees.
IC Markets offers 61 currency pairs.
IC Markets is a currency exchange service with over 61 currency pairs to trade in. The platform was founded in Australia and has since expanded to different territories in Europe and Asia. Its professional workforce is readily available to answer questions and provide advice. In addition, IC Markets has a customer support team that responds to client queries and occasionally offers advisory services.
IC Markets offers a variety of charting tools. Their charts contain 31 technical indicators, including Fibonacci retracement and trendlines. The platform also offers advanced trading tools and copy/social trading. You can also take advantage of IC Markets’ PAMM/MAM (pamm) services and ZuluTrade, which lets you copy successful traders and learn their strategies.
13 cryptocurrency pairs
IC Markets offers traders a wide range of trading options. You can choose from over 61 currency pairs and 13 cryptocurrency pairs, and 1,600 stock, index, and commodity CFDs. In addition, you can trade on more than four bond indices.
IC Markets offers three major platforms.
IC Markets offers three significant platforms for trading in cryptocurrency. They are cTrader, MT4, and MT5. Each platform comes with its own set of features and benefits. The platforms support technical analysis, algorithmic trading, and indicator customization. Users can also customize their platforms with AutoChartist plugins. IC Markets also offers straight-through processing and electronic communications network dealing, which route orders directly to the market.
IC Markets accepts a wide range of currencies. They also offer fee-free withdrawals and instant deposits. However, international bank wires incur a twenty-AUD processing fee. On the other hand, credit/debit card withdrawals can take anywhere from three to five days to reach your bank account.
Two top-tier regulators regulate IC Markets.
IC Markets is regulated by two of the world’s leading financial regulators. The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CSEC) oversee the company’s activities. They are also members of the Financial Ombudsman Service, an approved dispute resolution body. So if you’re looking for a top-tier broker that protects your money, look no further than IC Markets.
IC Markets offers an array of educational content to help traders become more knowledgeable and profitable. The website has various articles covering trading basics, such as fundamental analysis, trading psychology, and risk management. The educational content is also more comprehensive than that provided by most competitors. The company also offers webinars and a podcast series called “IC Your Trade.” In addition, it has a robust range of tools that help traders, from beginners to advanced traders, analyze market trends and make intelligent trading decisions. IC Markets also offers three trading platforms: web, mobile, and desktop.