IC Markets

IC Markets, founded in 2007 and headquartered in Australia, is a highly regarded forex broker regulated by top-tier bodies such as ASIC, CySEC, and FSA. It offers trading in forex, CFDs, and cryptocurrencies via robust platforms like MetaTrader 4, MetaTrader 5, and cTrader. Known for its tight spreads and low commissions, IC Markets appeals to active traders seeking cost-effective solutions. The broker provides a variety of account types, including Raw Spread and Standard accounts, with a minimum deposit of $200. Account opening is quick, and deposits/withdrawals are free, adding to its global appeal. However, non-EU clients lack investor protection, and there’s no negative balance protection outside the EU, which may concern some traders.

Pros Cons
  • Regulated by ASIC, CySEC, and FSA
  • Low spreads and commissions
  • Fast account opening process
  • No fees on deposits/withdrawals
  • Limited to forex, CFDs, and crypto
  • No investor protection for non-EU clients
  • No negative balance protection outside EU
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