Is IC markets good broker? – Trading with IC Markets Broker is safe because of its strong Regulation. This Broker is regulated by Top-Level Authorities. The Australian Securities and Investments Commission in short ASIC is considered a top-level regulatory Agency in the Forex Industry. More details can be found on the broker website – www.icmarkets.com
Regulation Details:
- CySEC: IC Markets (EU) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission with License Number 362/18, registration number 356877, and with a registered office at 141 Omonoias Avenue, The Maritime Centre, Block B, 1st floor, 3045 Limassol, Cyprus. Reference ->
- ASIC: International Capital Markets Pty Ltd (ACN 123 289 109), trading as IC Markets, holds an Australian financial services license (AFSL No. 335692) to carry on a financial services business in Australia, limited to the financial services covered by its AFSL. The trading name, IC Markets, used by International Capital Markets Pty Ltd is also used by other entities. Reference ->
Operating services under this domain: www.icmarkets.com.au - FSA: IC Market Global complies with the FSA regulatory requirements and has in place internal risk management controls to ensure that it is sufficiently capitalized to support its operations. External audits supplement IC Markets Global’s operational and accounting process and ensure full regulatory compliance.
- SCB: IC Markets Ltd. trading as IC Markets International complies with SCB regulatory requirements and has in place internal risk management controls to ensure sufficient capital requirements are always maintained. External audits supplement IC Markets International’s operational and accounting process and ensure full regulatory compliance.
This broker is transparent enough and has a decorated customer support team. Based on the client’s demand, they offer different types of trading accounts. The broker also offers Swap Free Muslim trading account facilities.
You may hear the name of IC Markets broker several times but what you do not know, this is the only broker that reaches a monthly trading volume of over a trillion dollars. According to the broker’s official website – www.icmarkets.com, they have reached the milestone in March 2021.
This may give you a clear idea, of how big the retail forex broker is. If you are a newbie and start trading by investing as low as $200 to less, we do not recommend this broker for you.
On the other hand, If you are a professional trader then our recommendation is to use the offered Standard Trading Account because this account offers the best facilities compared to the broker’s other trading account. This standard trading account is an idea for those who used to trade in a longer timeframe like Day Trading, Position Trading, or Swing Trading.
If you are a Scalper or like to perform short-term trading then our recommendation is to use their RAW trading account because of its lower spread and trading cost.
This broker also offers Analytical support, Special Charting Software and provides education guidelines to all of their traders which is a good addition. So here is the summary, IC Markets Broker is highly qualified based on their regulations, and they offer different trading accounts based on their customer demands, they have a decorated customer support team and they help traders to acknowledge the market movement. All of these services together can prove IC markets is a good broker and you can rely on their services.
If you want to learn more, please have a look at the ICMarkets Broker section. We have also added a FAQ section where you can find the most common answers. Please refer to the ICMarkets FAQ Section to find your answers.
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