ICMarkets trading platform is considered one of the leading foreign exchange brokerage partners on the market today. The popularity of this trading platform has spread all over the globe. So, to learn about the outstanding advantages of the ICMarkets platform. Reasons why I can’t access ICMarkets. We invite readers to follow along with the analysis below from Learn Forex Trading.
“All” official information about ICMarkets
Where does ICMarkets Platform come from?
ICMarkets, also known by its full name, International Capital Markets. Was established in 2007 by a group of experts located in the financial sector in Sydney. However, it was not until 2009 that this forex exchange received legal licenses from the Australian Financial Services Agency (AFSL) and the Australian Securities & Investments Commission (ASIC).
ICMarkets offers a variety of trading platforms including MT4 ICMarkets, MT5 ICMarkets, and cTrader. Platform developed by Software Systems.
Through many years of continuous operation and development, ICMarkets has made every effort to become the largest Forex CFD trading platform globally. Their goal is to bring the best experiences to traders. They constantly innovate technology to meet the diversity and complexity of the market.
Is there any legal agency that regulates ICMarkets?
ICMarkets has built trust from the trading community around the world not just by coincidence. Not only does it ensure service quality, but ICMarkets also provides peace of mind regarding legal regulations and customer protection policies.
Detailed information about the operating license of ICMarkets forex exchange is presented as follows:
International Capital Markets Py Ltd – ICMarkets AU:
- Business license number: 123 289 109.
- Regulated and licensed by the Australian Securities and Investments Commission (ASIC) under Financial Services Registration number 730729.
Raw Trading Ltd – ICMarkets Platform Global:
- License number from the Financial Services Authority of Seychelles (FSA Seychelles): SD018.
ICMarkets (EU) Ltd:
- Financial services company registered in Cyprus with company number HE 356877.
- Licensed for financial operations and regulated by the Securities Commission. Same Cyprus Exchange (CySEC) with License No. 362/18.
ICMarkets Ltd:
- Securities & investment services company registered in the Bahamas with registration number 76823 C.
- Regulated by the Securities Commission of the Bahamas with License No. SIA-F214.
These licenses and regulations demonstrate ICMarkets’ commitment to complying with industry regulations and standards. At the same time, it ensures protection for customers participating in transactions on their platform.
See more: ICMarkets register on your phone is the fastest
How many types of ICMarkets Accounts are there?
ICMarkets Raw Spread Account (on MT4 and MT5):
ICMarkets’ Raw Spread account type is a popular choice and highly appreciated by the trading community. Outstanding features of this account are the following advantages:
- Super low spread: With an average of only 0.1 pip for the EUR/USD pair. The Raw Spread account offers extremely low spreads.
- Competitive commission fee: The commission fee per lot per side is $3.5. This is a competitive commission fee in the industry.
- Fast order matching speed: This account has extremely fast order matching speed and does not experience significant lag.
- Do not requote orders: Traders do not experience requote orders. This contributes to increasing the reputation of ICMarkets.
Although the Raw Spread account is suitable for day trading and scalping. Even swing trading, but be aware that spreads can widen during times of strong news. Or change between trading sessions.
ICMarkets Raw Spread Account (cTrader):
cTrader accounts also have low spreads and commission fees. Suitable for day traders and scalpers. However, it is still recommended for new traders to use MT4 because of its popularity and ease of use.
ICMarkets Standard Account:
The Standard account is also based on the Meta Trader 4 & 5 platform and has the same order execution speed as Raw Spread. Although there is no commission fee, the spread on this account is a bit larger. Average around 1.0 pip for the EUR/USD pair.
With this account, traders do not have to pay fixed commission fees like Raw Spread. Many people choose this account to save on fees. However, the total fees may not differ greatly from other account types.
Why is the ICMarkets Platform chosen by traders?
There are many outstanding advantages that the ICMarkets trading platform brings. It is these points that make this trading platform attractive and popular with many traders
Advantages of ICMarkets exchange
The outstanding advantages of ICMarkets include:
- Super fast order matching:
ICMarkets’ MetaTrader 4 and MT5 servers are located at the Equinix NY4 data center in New York – a financial ecosystem with more than 600 trading, exchange, and service companies. This ensures that your order execution is extremely fast and has extremely low latency.
- No time or distance restrictions on placing orders:
ICMarkets MetaTrader 4 and MT5 platforms have no trading restrictions. You can place an order at any location close to the market price you want.
- Best spread on the market:
ICMarkets aims to be competitive in terms of trading costs and their spreads are remarkably low. The average spread on the EUR/USD currency pair is only 0.1 pip. And there is 0.0 pip on MetaTrader 4 and 5. This is the lowest spread globally.
- Market depth:
Market depth represents transparency about the liquidity of each currency pair. You can see the available volume at each price at any given time. This ensures high liquidity and low spreads.
All of the above advantages combine with the fact that ICMarkets has up to 25 different liquidity providers. Create good liquidity in all situations. Even when the market fluctuates due to news. In total, these advantages make ICMarkets an attractive and reliable option for those who want to enter the Forex market. Refer to more information between the two platforms ICMarkets vs Exness here.
See more: Why is ICMarkets one of the best trading exchanges?
Platform fees on ICMarkets you should know
Below are some details about ICMarkets Platform fees that you may encounter when trading on ICMarkets:
Spread Fee:
- Spread fees (price difference) apply when you trade on ICMarkets standard accounts (Standard Account). Other account types have lower spread fees. But instead, you will have to pay commission fees for transactions on this account.
- ICMarkets offers variable spreads on Meta Trader 4, Meta Trader 5, and cTrader platforms. They are committed to providing market-leading spreads through their connection to the Raw Pricing system.
- ICMarkets spreads are among the lowest across all major and minor currency pairs. In particular, the average spread for the EUR/USD exchange rate pair is only 0.1 pip. Lowest level globally.
Commission Fee:
- At ICMarkets, commission fees apply to Raw Spread and cTrader account types. With commission fees starting from $7/lot for each trade order in both directions (open and close).
- This means that when you open an order, ICMarkets will charge $3.5 for opening the position and another $3.5 when you close that trade. Thus, a total of each order will incur a commission fee of $7/lot.
- With standard accounts, ICMarkets does not charge a separate commission fee but is included in the spread fee.
In what ways can I use the ICMarkets platform?
The ICMarkets platform can be used through the following two forms:
Through ICMarkets App
ICMarkets provides a dedicated application for mobile phones. Allows users to access and manage their trading accounts anywhere and at any time. This app has been designed to provide a convenient trading experience and is fully integrated with features needed to monitor the markets. In addition, transactions can be made directly from mobile devices.
Users can view price charts, open and close orders, manage positions and monitor accounts easily through this application. This allows them to maintain control and interaction with the market even when they are on the go.
Through ICMarkets website
In addition, traders can also access ICMarkets’ trading platform via a web browser. This is useful for users who don’t want to. Or the app cannot be downloaded on their mobile phone.
Through a web browser, users can log in to their accounts. Transactions can be made directly on the web interface. Just like when they trade on personal computers. This brings convenience and more flexible options to traders. Especially when they don’t have access to their mobile devices.
Why can’t UK traders access ICMarkets?
Currently, some traders cannot access the ICMarkets Platform possibly due to some geographical restrictions or network connection problems. This could be due to several main reasons as follows:
- Geo-restrictions: Some exchanges may apply geo-restrictions and not allow users from certain countries or regions to access their platforms. This may be based on legal regulations, exchange policies, or other factors.
- IP blocking: Some countries may implement an IP blocking policy. Aim to prevent access to specific websites or services. This may result in users in these countries not being able to access it.
- Network connectivity issues: Internet connection problems or other network issues may make accessing websites and platforms difficult or impossible.
Good alternative solutions for investors
When you cannot access ICMarkets or encounter any difficulties when making transactions on this platform. There are some good solutions you can try:
- Check your network connection: Make sure your network connection is stable and free of any problems. Try reloading the ICMarkets website or app. See if the problem is due to a network connection error.
- Use a VPN: One solution could be to use a virtual network service (VPN). Aim to change your IP address. This may help you access the ICMarkets website or trading platform if the problem is due to geographical restrictions.
- Contact ICMarkets support: If you are still having difficulty, contact ICMarkets support via email or online chat. They can provide support and guidance on how to resolve your problem.
Conclude
From what has been said, it can be clearly seen that ICMarkets is not just a reputable trading platform. It is also a trading platform with the most attractive fees and services on the market. With the information I just presented, Learn Forex Trading hopes that traders have found the answer to the question of why they should choose the ICMarkets Platform.
Wishing all traders success in their transactions!
Frequently asked questions?
What makes ICMarkets stand out compared to other trading platforms?
ICMarkets is especially outstanding because it provides many advanced tools and features, including ECN/STP trading methods, high leverage, low trading fees, and the ability to trade automatically through software. like MT4, MT5 and cTrader.
Is ICMarkets Platform trustworthy?
Sure. ICMarkets is one of the leading reputable forex brokers on the market. This exchange owns operating licenses from the world’s leading financial management agencies such as ASIC, CySEC, and FSA,… Therefore, traders can have complete trust and confidence when trading on ICMarkets.
Does ICMarkets have good customer support?
That’s right, ICMarkets provides fast and effective customer support through various channels. Including via email, phone online chat.
