IC Markets is an established and accredited online trading brokerage agency based in Sydney, Australia (regulated by ASIC). The company was founded in 2007 and is owned and operated by International Capital Markets PTY, with its headquarters located at Level 6 309 Kent Street Sydney, NSW 2000.
The online broker is well known in Australia and is considered the best online broker available in the country as it offers the highest leverage available in Australia, low spreads and fees, and much more.
The commercial brokerage strives to bridge the gap between retail clients and large institutional investors by offering investment solutions previously only offered by investment banks and high-net-worth individuals. IC Markets primarily offers its trader’s currency trading but also delves into some futures, indices, and commodities options.
Regulation and reputation
IC Markets brokerage was licensed and regulated by the Australian Securities and Investments Commission (ASIC) in 2009 under license number 335692. IC Markets is known as one of the most reputable online trading agencies in the market. . ASIC is a reliable and strict regulatory agency that enforces strict guidelines and procedures for IC Markets to follow.
In addition, in addition to the ASIC regulation of IC Markets, the brokerage is a member of the Financial Ombudsman Service (FOS). This service allows IC Markets clients to resolve any complaints they have in a prompt and professional manner. This gives merchants an extra layer of protection and customer satisfaction in knowing that they will be protected should a problem arise.
Platforms & Tools
IC Markets serves algorithmic traders exceptionally well thanks to its execution methods (i.e. no requotes) and by allowing orders to be placed within the spread. MetaTrader and cTrader platform suites are available, and copy-trading platforms help complete your offering. Overall, IC Markets is one of the top competitors in our MetaTrader Best Brokers category this year.
MetaTrader Suite: IC Markets offers MT4 and MT5 for web and desktop. The desktop versions feature the Advanced Trading Tools bundle offered as an available add-on, along with add-ons from AutoChartist and Trading Central. While these plugins need to be installed separately, it is worth the effort to improve the default MetaTrader experience.
CTrader Suite: IC Markets cTrader platform offering includes both web and desktop versions. The cTrader suite includes several trading applications such as cAlgo, which is used for automated trading, and cTrader Copy for social copy trading. Note: cTrader is not available through the broker’s European brand, IC Markets EU.
MetaTrader Tools: IC Markets provides the Advanced Trading Tools plugin developed by FX Blue LLP, as well as installable plugins from Trading Central and AutoChartist.
VPS Services – For traders who perform at least 15 standard lots, the broker offers various third-party Virtual Private Server (VPS) services to host client algorithms.
Social Copy Trading – In addition to cTrader Copy and MetaTrader’s native signal market, IC Markets also offers Myfxbook and the ZuluTrade platforms for copy trading across its global brands.