ICMarkets is one of the best brokers to trade in Forex through different trading platforms and is currently one of the brokers that offer the lowest spreads and commissions to its clients.
In today’s article, we are going to talk about ICMarkets, an ideal broker for people who like to use scalping strategies, operate in the currency market, with precious metals and CFD (Contracts for Difference) from different markets. We highly recommend it because the spreads and commissions they apply are very, very low compared to other online brokers
What is ICMarkets?
ICMarkets was founded in Sydney, Australia during 2007 by a group of professionals from the financial world, making this company one of Australia’s leading CFD brokers. This broker works in different areas worldwide, including CFD markets in Asia, Europe, and North America, but its customers are even more varied, with investors from Latin American and Hispanic countries such as Mexico, Colombia, Argentina, and Spain.
ICMarkets is authorized and regulated by the Australian Securities and Investment Commission (ASIC), one of the agencies responsible for protecting consumers and investors, through the regulation of financial laws, This broker also has offices in Sydney and Limassol. All transactions are carried out directly through the ECN and LPs systems, so nobody else intervenes, not even the broker (there is no dealing desk), creating a real and reliable interbank currency market.
On the other hand, as we mentioned at the beginning of this article, this is one of the brokers that charge the lowest commissions and spreads reaching 0.0 pips depending on the type of account. This is very advantageous for traders who use scalping strategies and/or use high leverage.
Main features of ICMarkets
| Broker | ICMarkets |
| Broker type | ECN/STP |
| Trading instruments | Forex, precious metals and CFD |
| Trading platforms | Metatrader 4, Metatrader 5 and cTrader |
| Spreads | Low and variable spreads from 0.0 pips |
| Maximum leverage | 1:500 |
| Minimum trade size | 0.01 lots |
| Minimum deposit | $200 |
| Deposit methods | Bank wire transfer, credit cards (VISA and Mastercard), Skrill, Neteller, Paypal and Bitcoin |
| Withdrawal methods | Bank wire transfer, credit cards (VISA and Mastercard), Skrill, Neteller, Paypal and Bitcoin |
How to open a trading account with ICMarkets?
Next, we will see the steps to create an account correctly in ICMarkets and verify it to start trading without any problem.
The first go to below link and register free: https://www.icmarkets.com/register
Then we will click on the button where it says “START TRADING“.
Step 1: Create an account
Click the Following Official Link and then Click Start trading.
IC Market Registration
See image:
Step 2: Fill Personal Details
Fill in your Personal details.
First Name, Last Name, Emails and Phone number
Fill your details care fully and Click Next Button.
Configure your trading account
Note: In Account Type> Click Standard
Note:
WE Always helps Beginners by providing Free Forex Signals, Guidelines, Market Overview etc.
Click Next Button
Configure your trading account
Note: In Account Type> Click Standard
Fill in the Questionnaire
Security Question & Answer and then Click Accept.
You Have successfully created IC Market account.
Note: You will receive account pass on your email in few seconds.
Step 3: Verify Your Pending Account
After creating account you will see pending status on your IC Market profile as shown in following picture.
For Verification: Follow these steps…….
Scroll Down and Attach following Documents in respective portion.
Photo ID (CNIC or Passport Pic), Proof of Residency (Bank Statement, Electricity, Telephone or Gas Bill with your name and given address).
Note: It will take 12hrs to 24 hrs.
That will confirm that our account is fully verified and we can start trading without problems.