IC Markets is actually one of the best forex brokers based in Australia; that was established in 2007 & regulated by FSCA (South Africa), FSA (Seychelles), ASIC, SCB (Bahamas), and CySEC. IC markets provide famous MT5, MT4, and cTrader platforms. All of these platforms are available for web browsers, mobile devices, and desktops.
The instruments of ICM Trading generally include more than 60 currencies, 1,600 CDFs, and ten plus Cryptocurrencies. Including Bonds, Stocks, Silver, Gold, Indexes, and more. Moreover, the ISM markets also provide the people with VPS service, educational content, ZuluTrade, market analysis blog, Myfxbook AutoTrade, and over 20 MT4 indicators and add-ons.
Simply read the below IC Markets Review to get familiar with the enlightening information about it;
Steps To Open Your IC Markets Account
The account opening procedure of IC Markets is quite easy & completely digital. The application takes about 10 to 15 minutes & the account will be approved in almost one or a maximum of two days.
Here are the five important steps included in the account opening of IC Markets;
Step#1: Provide your contact information, like your email address.
Step#2: Enter personal information, such as address and date of birth.
Step#3: Select the type of account & the base currency.
Step#4: Complete your survey about the trading experience.
Step#5: Verify your residency and identity by simply uploading your ID or passport copy and a utility bill or bank statement.
Products and Markets
IC Markets is a trustworthy and efficient forex broker and also offers some CFDs. We have summarized the best CFD trading tips to provide you with a more outstanding trading experience. So, here we go;
CFDs are somehow complex instruments & come with risks of losing a lot of money quickly because of the leverage. Almost 75 percent of the retail investors generally lose money while trading CFDs along with this specific provider. So, you need to consider whether you comprehend how it actually works or if you can really afford to take extremely high risks of losing lots of money.
The crypto selection and CFD of the IC Markets are wider as compared to its competitors. So, decide upon the final product very smartly and wisely to avoid high risks in the future.
Account base currencies
You can select from about ten currencies at IC Markets: SGD, GBP, EUR, JPY, CAD, AUD, NZD, USD, HKD, and CHF. Why does this exactly matter? Well, for two main reasons. If you are funding the account in a similar currency as the bank account or you’re trading assets in a similar currency as the account currency, you will not have to pay the fee of conversion.
A simple and smooth way to save on the fees of currency conversion is by opening a multi-currency-specific bank account at a digital bank. In addition, these generally offer several currency options to the bank accounts with great exchange rates of the currency, as well as cheap or even free international bank transfers. It will take just a few minutes to open an account on your phone.
