IC Markets Forex Broker
Finding the best forex broker for your needs takes some research. Hundreds of online brokerage firms now compete for your account, so plenty exist to choose from.IC Markets is one of the world’s only True ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers their clients cutting edge trading platforms, low latency connectivity and superior liquidity. IC Markets is revolutionizing online forex trading. Online traders are now able to gain access to pricing and liquidity that previously were available only to investment banks and high net worth individuals. IC Markets management team have significant experience in the Forex, CFD and Equity markets in Asia, Europe, and North America. It is this experience that has enabled IC Markets to select the best possible technology solutions and handpick the best liquidity available in the market.
IC Markets Trading Platforms
As part of its commitment to empowering people to trade, IC Markets provides every type of trader, bringing a wide selection of trading platforms. Each platform provides traders with a rich trading experience, presenting a variety of financial instruments, including forex currency pairs, cryptocurrencies, indices, commodities and more to choose from along with multiple analytical tools, indicators, and charts.
IC Markets provides these platforms to traders:
- MetaTrader 4
- MetaTrader 5
- MetaTrader WebTrader
- MetaTrader for iPhone, iPad, and Android
- MetaTrader 4 & 5 for Mac
IC Markets MetaTrader 4 Platform
MetaTrader 4 is very well known among financial traders, especially for forex traders. It’s widely used trading platform due to complete facilities and tools that provide for the traders. To satisfy customers and traders interest, IC Markets included MetaTrader 4 in the trading platforms.
In this section, we’re going to illuminate you why we are preferring IC Markets MT4 platform.
IC Markets offers its clients the opportunity to trade on the award-winning MetaTrader 4 platform. It is undoubtedly the world’s most popular trading platform for forex traders due to its ease of use, rich feature environment, and automated trading ability.
It has grown from a trading platform to a global community where trader’s demands are met by the technology provider’s innovations. IC Markets has partnerships with many of these technology providers and is proud to offer you the next generation MetaTrader 4 platform, designed to take your trading to the next level.
Both IC Markets Standard and True ECN accounts are available on the MetaTrader 4 trading platform.
Why is IC Markets MetaTrader 4 Platform Different?
- Flexible Lot Sizing
There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01). IC Markets flexible lot sizing allows you to trial the platform with minimal risk and manage your trades sizes in accordance with your account balance.
- Flexible Funding and Withdrawal Options
Once you’ve opened your account you can fund using any of IC Markets funding options including credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay and broker to broker transfer deposits.
- No Restrictions on Trading
IC Markets MetaTrader 4 and 5 platforms have no restrictions on trading. They have some of the best trading conditions for scalping and high-frequency trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0. This means orders including stop loss orders can be placed as close to the market price as you like.
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC Markets. Traders do not pay a margin on hedged trades and enjoy the benefits of margin netting.
- Spreads from 0.0 Pips
IC Markets boasts some of the tightest spreads of all forex brokers globally. Spreads start at 0.0 pips on the MetaTrader 4 platform with the average on EURUSD being 0.1 pips 24/5. This is currently the tightest average EURUSD spread globally.
IC Markets diverse liquidity mix from up to 50 different liquidity providers means that they are always able to source liquidity for their clients and keep spreads tight, especially during high volatility times such as news announcements.
- Ultra Fast Order Execution
The IC Markets MetaTrader 4 server is located in the Equinix NY4 data center in New York. The NY4 data center referred to as a financial ecosystem is home to over 600 buy and sell-side firms, exchanges, trading venues, market data, and service providers. The MetaTrader 4 server is cross-connected to our ECN to ensure ultra-low latency and the fast execution of your trades.
The IC Markets MetaTrader 4 server has a latency of less than 1 millisecond to major VPS providers either collocated in the NY4 data center or through dedicated lines to nearby data centers. This low latency environment is ideal for automated and high-frequency trading and scalping.
- True ECN Connectivity
IC Markets is able to offer market-leading pricing and trading conditions through the MT4 platform by providing clients with True ECN Connectivity.
True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds, and dark pool liquidity execution venues. Executable Streaming Prices (ESP) are sent from IC Markets’ liquidity providers to their ECN environment where clients can trade with no dealing desk, price manipulation or requotes. Due to the diverse liquidity mix comprising of up to 50 different liquidity providers at any one time, IC Markets is the forex broker of choice for high volume traders, scalpers and robots who demand the tightest spreads and best execution.
- All Major Account Currencies Supported
IC Markets knows some traders prefer to deal in their local currency so they give traders the option to open an account in 1 of 10 supported base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
- Leverage up to 1:500
Accounts go up to 1:500 leverage on the IC Markets MetaTrader 4 and 5 platforms. Traders can use higher leverage to suit their trading style and get the best out of their manual and automated trading strategies.
- 64 Currencies & Metals + 16 Indices
Trade 64 currency pairs plus 16 major equity indices including the FTSE 100, S&P/ASX 200 and Dow Jones Index 24 hours a day with a spread of 1 point.
In a nutshell, based on what we mentioned above, we recommend the IC Markets MT4 platform for traders with any level and experience due to our professional traders’ satisfaction on these broker and trading platforms.