IC Markets are an online broker based in Australia that focuses on Forex, Contract for Differences (CFDs), Cryptocurrency trading, equity marketing, Bonds, and Share dealing trading all over Europe and Asia. IC Markets’ headquarter is located in Sydney.
Trading in financial markets is quite difficult and time-consuming because not only you have to look into all the brokers to find the one that can meet your needs, but there is always a risk whether your financial investment is safe or not. For this purpose, many online websites started online trading where you can easily find good brokers and increase your trading skills, to help the investors in many ways but many a time people lost their investment and a lot of fraudulent cases came out shaking the beliefs of the investors that whether online trading is authentic or not.
IC Markets being an online broker for both experienced and beginner level traders has its Pros and Cons just like any other firm. The IC markets reviews speak in its favors in a big volume while limiting to a single Con which is briefly explained below.
Are IC Markets safe?
While there are tons of online trading websites, IC Markets are regulated by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Services Authority (FSA) which makes it authentic and safe for investors as well as brokers. Although IC markers are not regulated by the Financial Conduct Authority (FCA), which is a UK Governing body; ASIC, CySEC and FSA regulate it making it a safe trading platform all over Europe and Asia.
How does IC Markets work?
The best way to start is by opening up a demo account. Demo Account is an experimental account that gives you a sense of how the online trading world works. The first thing you have to do is to select where you are about to invest. For example, if you choose AUD/USD, you have to first look into the BID and ASK price in which BID price refers to the highest price a buyer will pay and ASK price refers to the lowest price a broker will accept. There is a pattern in the form of a graph that shows the BID and ASK price varying from day-to-day formats. By looking at the outcome of the spread source, you can have a clear sense of where to invest your money.
IC Markets accommodates several trade levels to accompany both beginners as well as experienced traders, so if you are a beginner you can easily work your way up to become an experienced trader.
Minimum Deposits and Fee Structure
IC Markets accept a minimum deposit of 200 USD on any brokerage account. A few of the brokers charge some nominal fee for opening a brokerage account for their security which is counted as a deposit fee. However, IC Markets do not have any withdrawal fee or inactivity charge.
Future of Online Trading
Online Trading is often connoted as a scam because it only requires a few clicks while the rest of the main work depends on the algorithm of online trading. A vast amount of the world’s population including traders do not believe in online trading but as of today’s world and its new motto of “Work from home”, future of online trading has a broad scope is considered the future of trading in the upcoming decades.