You are a new trader on the Forex exchange. Do you want to learn from other investors’ experiences? Do you want to own free technical analysis and support tools? Do you want to be the first to catch news from the exchange? If the answer is yes. Then you cannot ignore Metatrader 5 ICMarkets .
In this article. Learn Forex Trading will provide you with the necessary information about MT5 ICMarkets. As well as the utilities and features of this smart platform.
Overview of MetaTrader 5 ICMarkets
What is ICMarkets?
ICMarkets is an online Forex and CFD trading platform. Created in 2007 and headquartered in Australia. ICMarkets provides brokers with the best trading conditions. Along with low spreads, low commissions, and high leverage. At the same time, there are no re-quotes and no broker intervention. Investors can trade on the MetaTrader 5, cTrader, or WebTrader platforms with ICMarkets. ICMarkets also has more than 2,250 different trading products. Including forex, precious metals, stocks, indices, bonds and cryptocurrencies.
What is Metatrader 5 ICMarkets?
MT5 ICMarkets is an online trading platform belonging to ICMarkets. MT5 ICMarkets specializes in providing financial products. For example forex, stocks, commodities, cryptocurrencies. Or many other markets. Brokers can use software
MT5 ICMarkets for market analysis, order placement, and risk management. Or track your trading positions. ICMarkets Metatrader 5 provides you with many trading support tools and features. For example, advanced charts, technical indicators, and automated trading. Or market news and more.
Advantages and disadvantages of Metatrader 5 ICMarkets
MT5 ICMarkets is a smart trading platform. So what are the advantages and disadvantages of MT5 ICMarkets? Learn Forex Trading will list some advantages and disadvantages of this exchange for traders.
Advantages of MT5 ICMarkets
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Low transaction costs
MT5 ICMarkets has cheap trading costs, with tight spreads and low commissions. You can choose between two account types: Raw Spread and Standard. The Raw Spread account has an average spread for EUR/USD of 0.1 pip. With a commission of 3.5 USD per lot. Standard accounts have no commission. But the spreads are higher from 0.6 pips or more.
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High reputation
MT5 ICMarkets has high reliability and reputation. Because it is supervised by reputable regulatory agencies. Such as ASIC (Australia), CySEC (Europe), and FSA (Seychelles). You can rest assured that your money is protected and free from scams.
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Product Diversity
MT5 ICMarkets has many trading products for you to choose from. Metatrader 5 ICMarkets offers more than 2250 different products. Including forex, precious metals, stocks, indices, bonds and cryptocurrencies. You can diversify your investment portfolio. Or exploit opportunities in many markets.
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Utility support tool
MT5 ICMarkets supports many trading tools and features. For example, advanced charts, technical indicators, and automated trading. Or market news and more. Traders can analyze the market, place orders, and manage risks. Actively monitor your trading positions effectively and conveniently.
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Platform diversity
MT5 ICMarkets also has many apps and social trading platforms. So you can learn and copy other traders. Traders can use outstanding applications. Examples include ZuluTrade, Myfxbook AutoTrade, MQL5 Signal Service, and IC Social. To find successful traders and copy their strategies. However, traders also need to pay attention to the risks when using these applications.
>>>See more: Trade effectively with the leading ICMarkets MT5 platform
Disadvantages of MT5 ICMarkets
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There is no separate application
MT5 ICMarkets does not have its own trading application. Traders must use third-party applications. Like Metatrader 5, cTrader or WebTrader. To trade on your phone or tablet. These apps may not be optimized for small screens. Or have limited design and functionality.
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No insurance
MT5 ICMarkets does not have deposit insurance for non-EU clients. If the exchange experiences financial disruption or bankruptcy. The trader can lose all his money. Traders should consider carefully before depositing money on this exchange.
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There aren’t many courses
Metatrader 5 ICMarkets does not have much research content. Or investment analysis and quality education. Traders can only watch some instructional videos and blog articles. Or the economic calendar on the exchange’s website. This content is not updated regularly. Or not extensive enough to help traders improve their trading skills.
Instructions for downloading MT5 ICMarkets on your computer
Step 1: Access the ICMarkets website
- Visit the ICMarkets website https://www.icmarkets.com
- Register an account by filling in the necessary information
Step 2: Fill in the registration information
- You need to fill in personal information in this step
- Select application and trading account
- Select security questions and agree to the terms. To open an account and trade
>>>See more: Instruct with an ICMarkets open account swiftly
Step 3: Download the application
- Go to the trading area and select WebTrader
- Select and download MT5 ICMarkets
Step 4: Install the application
- After downloading the application. Click on the icon to install
- Install apps
Step 5: Conduct transaction
- After installation is complete, proceed with the transaction
Conclude
Metatrader 5 ICMarkets is a smart trading platform. This is a forex trading platform with many diverse features. MT5 ICMarkets offers many outstanding advantages. For example, low transaction costs, high commissions, and wide reputation. At the same time, there are many support tools and diverse platforms. Besides, the exchange also has unnecessary disadvantages. For example, there is no separate application and no insurance. Or there aren’t many skill training courses. In addition to using MT5 ICMarkets, you can also use other support tools such as ICMarkets pip calculator and ICMarkets tradingview to improve efficiency in the trading process.
3 FAQ about Metatrader 5 ICMarkets
MT5 ICMarkets is an advanced trading platform. Allows you to trade a variety of assets on the financial markets. However, not everyone knows how to use this software. The following are frequently asked questions:
How to download?
You can download MetaTrader 5 for free from the ICMarkets website. You just need to choose the account type you want to open (Raw Spread or Standard). Then fill out the account registration form. Then you download MetaTrader 5 for mobile devices. Or Mac from the ICMarkets website.
What makes it different?
MetaTrader 5 ICMarkets offers you the following benefits:
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Raw Pricing connection
You will get spreads from 0.0 pips. There are also no commissions on the Standard account. You’ll also get access to institutional-grade liquidity from over 25 different pricing providers. Including investment banks and self-insurance funds. Or the world’s leading deep liquidity execution venue.
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There are no restrictions on transactions
You can trade with any strategy you want. Including fast transactions, and automatic transactions. Or media trading and trend trading. You can also place orders between spreads. Because there is no minimum order position and the freezing level is 0.
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Super fast order matching
All MetaTrader 5 ICMarkets servers are located at the Equinix NY4 data center in New York. Home to more than 600 investors and other financial agencies. This helps minimize latency and increase order-matching speed.
How to manage hedged positions?
Allows you to manage hedged positions in two ways. One is by the netting system or by the hedging system.
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Netting system
This is when you only have one position per currency pair. New orders will adjust the volume, average price, and cost of the current position.
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Hedging system
This is when you can open multiple positions for each currency pair. Includes contrarian positions. New orders will be treated as separate positions.
