In 2007, the Sydney, Australia-based IC Markets Trading Company was established. The broker is also a part of the Australian Financial Complaint Authority (AFCA), a regulatory body that routinely conducts audits and sets industry standards for settling disputes between customers and financial service providers.
IC Markets Pros & Cons
Pros
- Speedy order execution rates.
- Support For All Trading Techniques & Approaches
- Trading platforms with intuitive interfaces and added value.
- Low Commissions & Extremely Tight Variable Spreads.
- Always-on customer service is offered.
- Both deposits and withdrawals are free.
Cons
- Greater Required Deposit
- No proprietary trading app is available.
Top 3 IC Markets Review
Here is the top 3 IC markets Review By customers
1. Selena, (Freelancer-Economist, Birmingham)
About a year ago, I began trading with IC Markets. I was interested in trading because I’m a student. I was able to get off to a strong start with IC Markets, and a year later, I’m delighted I did. They provide training materials and practical tools. Their customer care consistently provides thorough responses to any inquiries. Moreover, a smartphone app is available. I frequently travel throughout the nation and to other countries, but this does not stop me from trading because I love it!
2. David. B, (Financial Expert and Experienced Trader, London)
Since I’ve been trading for more than five years, IC Markets has proven to be among the best trading platforms I’ve ever used. It gets an 8 out of 10. It is crucial for me as a scalper that my broker offers all the circumstances required for such thorough work. For me, IC Markets satisfies this need.
The broker’s orders close at one of the swiftest rates in the entire market, which is unquestionably advantageous. They lose out on new traders because of the large deposit requirement, which is regrettably unsuitable for beginning traders. Additionally, they have a laborious and complicated verification process. Although I have been dealing with them for three years, the broker has never let me down. Thus, I heartily suggest it.
3. Richard A, (Private Entrepreneur and Trader, Liverpool)
I was cautious when trading, but there is no gain without risk. To cut a long story short, the risk was worthwhile because I consistently make an extra $300–400 per month with IC Markets, with only brief periods of active trading and adviser use. The only drawback is the sporadic delays, as they have relatively low withdrawal fees—customer service answers and aids in problem-solving.
Is IC Markets legal?
In this case, the broker is IC Markets, which has its headquarters in Australia and holds an Australian Securities and Investments Commission license (ASIC) (read more about why trade with ASIC Brokers). Additionally, IC Markets review operates as a regulated corporation in Cyprus, formally and legally providing trading services to European clients.
IC Market traders can feel entirely secure knowing that they are covered by ASIC’s licensing and regulation, one of the harshest and most rigorous financial authorities. Money is protected in several regulated ways, including client money being segregated in accounts only accessible by the customer and used to support their trading.
IC Markets: Is it safe or a scam?
Since authorized and licensed trading organizations are regularly supervised and audited by a credible external authority, IC Markets is regarded as a safe broker.
Do I Owe UK Taxes on My Forex Trading?
Fact Because traders all over the country conduct business in broadly similar yet different ways, it can be challenging to determine which regulations are relevant to your particular circumstance. This contributes significantly to the confusion surrounding forex trading tax UK.
Some forex traders may not pay fees, while others who use the same instruments for their principal business may incur high costs. Let’s look at the primary considerations made while evaluating your scenario to understand better how HMRC assesses your duties as a forex trader.
Conclusion
It is not unexpected that IC Markets dominates the market in terms of the volume of foreign exchange trading and order execution. The environment is quite tempting to investors, especially professionals looking for top-tier trading conditions, given the benefits clients enjoy. IC Market traders can feel secure knowing they are covered by ASIC’s licensing and regulation.
