IC Markets Review crypto broker 2024

Our veredict

IC Markets is renowned for its competitive trading environment, offering low fees, tight spreads, and high leverage options. Traders benefit from spreads starting at 0.0 pips on Raw Spread Accounts and low commission rates of $3.5 per trade, making it an attractive option for cost-conscious traders. The platform supports high leverage up to 500:1, allowing traders to amplify their trading positions. Additionally, IC Markets ensures ultra-low latency order execution through Equinix data centers, providing reliable and fast trade executions with minimal slippage. This combination of low costs and high performance makes IC Markets a preferred choice for both novice and experienced traders.

Despite its many advantages, IC Markets does have some limitations. The platform only offers cryptocurrency CFDs, meaning traders do not own the actual cryptocurrencies, which may not suit those looking for long-term crypto investments. Furthermore, IC Markets does not provide a proprietary trading platform, relying instead on third-party solutions like MetaTrader and cTrader, which, while robust, may lack some unique features found in proprietary platforms. Additionally, IC Markets does not accept traders from certain countries, including the United States and Canada, limiting its accessibility. Nonetheless, IC Markets remains a highly reputable broker, regulated by top-tier financial authorities such as ASIC, CySEC, and the FSA, ensuring a high level of trust and compliance.

Pros

Low Trading Fees and Tight Spreads: IC Markets offers some of the industry's most competitive trading fees and spreads, with spreads starting from 0.0 pips on Raw Spread Accounts and low commissions of $3.5 per trade.
Strong Regulatory Oversight: IC Markets is regulated by top-tier financial authorities such as ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles), ensuring a high level of trust and compliance.
Comprehensive Platform Support: The broker provides access to multiple robust trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, which are ideal for both manual and automated trading strategies.

Cons

Geographic Restrictions: IC Markets does not accept traders from certain countries, including the United States, Canada, and several others, limiting its accessibility for a global audience.
No Proprietary Trading Platform: The broker does not offer a proprietary trading platform, relying instead on third-party platforms which, while robust, may lack some features found in proprietary options.

3,5

Threenvest Score

Fees

4,3/5

Regulated

ASIC

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Why choose IC Markets?

IC Markets is an excellent choice for traders seeking a low-cost, high-performance trading platform. The broker offers some of the industry’s most competitive spreads, starting from 0.0 pips, and low commission rates, making it highly attractive for active traders. Additionally, IC Markets provides access to multiple robust trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, which cater to both manual and automated trading strategies. This versatility ensures that traders have the tools they need to succeed in various market conditions.

Moreover, IC Markets is regulated by top-tier financial authorities such as ASIC (Australia), CySEC (Cyprus), and the FSA (Seychelles), which ensures a high level of trust and compliance. The broker also offers ultra-low latency order execution through Equinix data centers, providing reliable and fast trade executions with minimal slippage. Furthermore, the absence of deposit and withdrawal fees, along with high leverage options of up to 500:1, makes IC Markets a cost-effective and flexible option for both novice and experienced traders. This combination of regulatory oversight, advanced trading tools, and low trading costs makes IC Markets a highly recommended broker for serious traders.

In addition to its robust trading features, IC Markets also prioritizes customer support and security. The broker offers 24/7 multilingual customer support, ensuring that traders can get assistance whenever needed. Additionally, IC Markets employs advanced security measures, including segregated accounts and full insurance coverage, to protect client funds. The platform’s strong commitment to transparency and client welfare, coupled with its competitive pricing and advanced trading infrastructure, makes IC Markets a top choice for traders looking for a reliable and efficient trading partner.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an experienced trader, I highly recommend IC Markets for its low trading costs and excellent execution speeds. The platform offers incredibly tight spreads starting from 0.0 pips and low commissions, making it a cost-effective choice for active traders. Additionally, IC Markets’ support for multiple advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader ensures that you have all the tools needed for both manual and algorithmic trading strategies. The high leverage options and robust security measures, including segregated accounts and full insurance coverage, further enhance the trading experience, making IC Markets a top-notch choice for serious traders.

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We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

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Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.