IC Markets Review
In recent times, one of the most popular methods people are using for making money is none other than trading. This is due to the fact that it is easy to start trading even if you have no previous background or experience in it. Moreover, it also has the potential of providing high profits, which means you can have a consistent stream of income, along with flexibility. But, in order to trade successfully and easily, you need to find a broker first. With so many scams out there, finding one that can be trusted is no easy task. Among the sea of brokers, you will come across the name of IC Markets, which has been around for a long while and has developed a positive reputation because it caters to the needs of all its clients.
It doesn’t matter whether you are new to trading or have been part of this world for years, the broker ensures that all your needs are met. How does it accomplish this goal? Highlighted below are some of the features that IC Markets has to offer:
- A trading platform that doesn’t have a big learning curve
How does a broker allow you to trade the asset of your choice? It gives you access to a trading platform from where you execute your trades and see the movements of assets in real time. IC Markets has provided one of the most innovative and responsive trading platforms in the market, which is equipped with some of the most accurate and powerful trading tools you can find.
You are not required to download or install anything as the trading platform can be accessed via the web. This certainly reduces the hassle and gives you the freedom of accessing your account on any device that has a browser and internet connectivity. In addition, the platform is quite intuitive and so you will be able to learn how to use it quite easily and quickly. In a little while, you will feel as if you have been using the platform for years and will have no problem in executing your trades.
- Opening and maintaining an account is incredibly simple
Some brokers make it so difficult for traders to sign up and open it account that it makes you think they don’t want new people at all. The high deposit requirements can be difficult to match, particularly when you are just getting started. IC Markets welcomes all kinds of traders and this is obvious from the trading conditions and account options they offer. They have 3 account types and you can sign up for an account that meets your criteria and budget. The minimum deposit requirement for the basic account is just $200, which is incredibly reasonable.
Within a few minutes of signing up, you will be able to trade in some of the biggest financial markets in the world. You can switch accounts as you gain experience and have more capital to invest. But, the best part is that even with the basic account, the broker gives you access to trading signals and alerts and you can also access the education center for increasing and expanding your knowledge about the trading world.
- An extensive asset index can be found
IC Markets understands the importance of diversification. The trading markets move rapidly and even a small movement can lead to immense losses or gains. When you spread out your investment in different trading instruments, you can mitigate your risks because loss in one market can be compensated by a profit in the other. Therefore, the broker allows you to trade a huge number of trading instruments, as per your risk tolerance and comfort level.
You can start with traditional options like the stock market, precious metals, commodities and indices. Currencies can also be traded in the forex market via IC Markets, both major and minor currency pairs. The broker has also kept up with changing times and has added some of the hottest cryptocurrencies to its asset index for traders who wish to test the waters and make a profit by trading these digital coins.
- The cost of trading is very low
One major concern for traders is how much profit they will have to share with the brokers at the end of the day. After all, they are providing you a service and will also make a profit in return. But, how will they charge you. Most brokers in the market charge commission on every trade, but this option doesn’t appeal to most traders because it can be very costly for them and can take away the incentive to trade. Instead of commission, IC Markets has chosen to go with the option of profiting via spreads. This is a rarity among brokers. Even if they do use spreads, they are quite high, which is the same as commission.
In contrast, IC Markets offers you some of the tightest spreads in the industry. What exactly are spreads? It is the difference between the buying and selling price of an asset; this difference goes to the brokers. IC Markets has very small spreads, which means you still get to enjoy a lot of profits and keep your trading costs at a minimum.
- Top notch security and customer support available
Other areas where IC Markets seems to have excelled is in terms of security and customer support. Both are a priority for traders in today’s uncertain times. In the case of security, IC Markets has an AML (Anti-Money Laundering) policy and KYC (Know your Customer) policy in place. They also employ highest level of encryption for securing information and use segregated accounts for keeping customer funds. No information is shared with third parties without the customer’s consent. As far as customer support is concerned, multiple channels are available, including live chat, phone, email and Skype. The agents are friendly and very responsive and will solve your problem quickly.
With IC Markets, every trader will be able to tap into the potential of the trading market and reap the returns they want in a very short period of time.