What broker is like IC Markets?
icmarkets.com's top 5 competitors in February 2024 are: armadamarkets.com, fxpig.com, forexbrokerz.com, forexfactory.com, and more.
IC Markets alternatives recommendations
Pepperstone is recommended for forex traders looking for great account opening and customer service. Vantage is recommended for forex and cfd traders familiar with the metatrader trading platforms. Axi is recommended for forex traders familiar with the metatrader 4 platform.
While IC Markets remains the better choice for established algorithmic traders, XM provides an overall better choice for most traders, taking a narrow lead. Its low minimum deposit requirement ensures all traders can afford an account, while high-volume traders can achieve lower trading costs versus IC Markets.
IC Markets Global is the issuer of the products it provides. We consider ourselves to be a forex provider offering the ECN pricing model as we source our pricing from external unrelated liquidity providers , these prices are passed onto you with no dealing desk intervention.
IC Markets is highly recommended for forex traders, mostly because of its low trading fees. I won't be lying to you: it's the super tight spreads that keep me coming back to IC Markets, though its currency pair selection is also quite impressive.
IC Markets Global does not accept US clients. US CTFC regulation prevents US clients from trading with brokers outside the US. IC Markets Global complies with International regulations.
Both brokers offer a nearly identical product and services portfolio, including maximum leverage of 1:500 and quality research. IC Markets maintains a better in-depth educational section and is a prime destination for automated trading solutions, while Pepperstone has a volume-based rebate program.
Ideally suited for active traders, IC Markets is a reputable brokerage firm known for its favorable trading conditions. With a wide range of trading instruments, low spreads, and high-speed order execution, it caters to both novice and experienced traders.
IC Markets Global is a regulated Forex CFD provider that applies Raw Spreads on its main and most famous account type, so there is no requotes, no price manipulation and no restrictions.
IC Markets was in 2007 founded by Andrew Budzinski, who in 2022 ranked number 50 on Australia's Richest 250, worth $2.5 billion. The 49-year-old has grown his fortune from foreign exchange and cryptocurrency trading.
What is the minimum withdrawal from IC Markets?
The Company has no minimum amount requirement; however, the client needs to be aware of potential intermediary/beneficiary bank fees.
No Restrictions onTrading – Scalping Allowed
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC Markets Global. Please note that different hedge margin level and settings may be applied to different products and platforms.
International Capital Markets is an Australian forex and CFD broker launched in 2007. It is currently headquartered in Sydney, Australia.
The minimum amount needed to open a IC Markets account is $200. You can see in the table below how this amount stacks up against the competitors of IC Markets. $50 minimum deposit for STP and RAW ACN account.
Spreads. Our spreads are market leading with prices streaming from over 25 different sources of pricing at the highest speed, which means you will always be trading on the best available price. Spreads can go as low as 0.0 pips on our MetaTrader 4, 5, cTrader and TradingView Raw Platforms.
IC Markets Country Restrictions
These countries include the United States, Iran, Cuba, Syria, North Korea, and Sudan.
IC Markets Global is able to offer market best possible pricing and some of the best trading conditions through the MetaTrader 4 platform by providing clients with Raw Pricing.Our Raw Pricing allows you to trade on institutional grade level, using pricing almost equal to the world's leading execution venues.
Flexible Lot Sizing
There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01) .
First, let's see if Pepperstone is available in your country? No, you can't open an account at Pepperstone if you live in the United States! Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Pepperstone does not accept U.S. clients due to regulatory constraints, which precludes it from truly being considered a global broker.
Is Pepperstone a US broker?
Pepperstone, founded in 2010, is an Australian-based forex broker known for its transparent pricing, low spreads, and advanced trading infrastructure. Over the years, it has expanded its global reach, serving clients in various regions.
The minimum deposit to open an account with IC Markets across all its accounts is $200 or the equivalent in the trader's local currency. So, the Raw Spread and IC Markets Standard Account minimum deposit is $200.
IC Markets does not charge a commission on Standard accounts but instead applies a spread mark up of 0.8 pip above the Raw inter-bank prices received from our liquidity providers. IC Markets Raw Spread account shows the raw inter-bank spread received from our liquidity providers.
What is IC Social? IC Social is a social trading app that allows traders to replicate/copy the strategies of signal providers and also to become a signal provider by using your IC Markets Global MetaTrader 4 account.
Slippage is an inherent part of financial markets. Whether you are trading stocks, futures, commodities or Forex, you will be subject to slippage.
