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A trader needs to start trading with an authentic, simple, and well-founded broker. It is because all of the tradings depend upon the flexible broker.
If you are looking for such a broker, do proper research, and spread comparison is necessary.
Before trading, check out the commissions, fees, leverages, and platforms. After that, select the one that suits you best.
Let me help you to choose the best one for you.
The main characteristic of the best broker is that it has low fees, multiple platforms, and the right spread.
Additionally, your chosen broker must have easy and reliable withdrawal methods.
After deep research and analysis, we select ICMarkets broker as the most ranking broker in the trading market.
In this post of ICMarkets broker review, you will understand why most of our traders choose it.
About ICMarktes
ICMarkets is a type of broker that originated from the Australian State. It was established in 2007, and it deals in all types of forex trading.
CYSEC regulates the ICmarkets company. Now, many branches of this company have opened in different countries.
ICMarktes broker is familiar because it is one of the top Forex CFD providers. It offers a lot of trading plans not only for experts but also for new traders.
It is built up according to unceasing improvement, revolution, and new technology that was not available in the past.
Is It Safe to Work with ICMarkets Brokers?
Before starting trading with any broker, you must want to know it safe for you or not?
As far as ICMarkets brokers are concerned, it is safe to trade with them because ICMarkets is an Australian-based broker that assures you security by proof of thousands of transactions every day.
The National Bank of Australia and Westpac ensure the availability of money for the client. On the other hand, it is a balanced and secure broker licensed by ASIC (Australian Securities and investments commissions.
It is also permitted by Cyprus Securities and Exchange Commission (CYSEC) which is a well-reputed licensed company in Europe.
Overall Summary
Here is the table that shows the rating of the ICMarkets.
| Overall Rating | 4.5 |
| Fees | 4.5 |
| Market and products | 1.8 |
| Account opening | 5.0 |
| Research | 3.8 |
| Deposit and withdrawal | 4.9 |
| Customer service | 3.6 |
| Trading platform | 3.2 |
| Education | 4.5 |
Why Choose ICMarketss Broker
Here comes a question, why do you choose this broker for trading? Why many traders prefer this platform a lot?
Here are some key factors that clear to you the reason behind the selection of ICMarkets. Let’s discuss them in detail!
Commissions and Fees
We prefer ICMarkets to other brokers because it has low fee charges and commissions. As we know, it is difficult for traders to make a comparison between forex fees and commission.
We will define it through a table that will make it easy to understand.
Table For Forex Fee:
| Currencies | Icmarkets fee |
| EUR/USD Benchmark | $6.9 |
| GBP/USD Benchmark | $5.3 |
| AUD/USD Benchmark | $6.0 |
| EUR/CHF Benchmark | $5.0 |
| EUR/GBP Benchmark | $7.5 |
If we study it generally, forex fees in the ICMarkets are low. Normally, it does not charge any fee at standard accounts.
Instead of it, we receive spreads from liquidity providers and then markup them.
Another benefit that ICMarkets provides you is that there is no brokerage fee or charges as other brokers do.
If it charges any fee that is so low that you can easily pay.
Platforms and Tools
The best trading platform provides several advanced tools that will improve your trading experience.
By using these latest tools, you will be able to compete better in this trading world.
The main tools are Alarm Manager, Market Manager, Mini Terminal, Session Map, and many more. These trending tools will help you to make the best trading decisions without any difficulty.
These tools are available for traders who have live accounts in the ICMarkets.
It is the best trading platform that supports you 24/7 hours.
Table for Icmarket Trading Platform:
| Trading Platforms | Available | Score |
| Web | Yes | 2.8 |
| Desktop | Yes | 3.4 |
| Mobile | Yes | 3.8 |
Research
You can see the search option on ICMarkets.com. What does it mean? It means you can do your research here easily with the help of keywords.
It is a good and helping factor that forces you to select ICMarkets. You have to type a keyword of your currency on which you want to trade.
At once, you get searching results. It will help you in the selection of trading currency.
No doubt it has fewer research options, but all of them are helpful. You can see here the market analysis blog, forex calculator, glossary, and calendar.
A successful trader never trades without research work on currencies.
Education
ICMarkets.com is the best broker for you as it provides you a complete learning process. It has broad educational websites that educate you properly about the complete process to use it.
Through it, you may become familiar with the basics of trading. It may also teach you how to operate in the forex trading market.
Join the ICMarkets to become an expert in controlling trading conditions and spreads. It has many blogs and educational websites to help you.
You can get live guidelines from Ic experts by live chat.
Mobile Trading
ICMarkets also provide you with an application for mobile that makes it possible for a trader to access their accounts through mobiles or Ipads.
You can use this app at any place in a protective atmosphere. It has many latest elements for the iPhone, such as you can change the view position from horizontal to vertical. It is also possible for you to do trading only with one click.
You can also advance your analysis, build up your charts and designs as well. It can be installed for android and Mac. It has multiple flexibilities for speed and quality.
ICMarkets Pros and Cons
Each market and broker have its positive and negative sides. If we talk positively, the ICMarkets charges low fees for opening an account.
You can withdraw your money free of cost. It is also an easy and fast process to open an account.
Despite benefits, it also has some negative points. It has restricted profiles. Live chat services are prolonged and often provide unrelated answers.
| Pros | Cons |
| It has unlimited demo accounts | It can’t support you in Spain |
| It provides complete security | It does not apply to ESMA (Essential Services Maintenance Act) |
| Surprising options for trading | It has a slow live chat service |
| It charges low spreads and commission fee | Bounded selection for product |
| You can operate with Bitcoin easily | Non-EU clients have no security for investment |
| It has low fee charges | |
| Easy and fast way to open an account | |
| No deposit or withdrawal fees |
No doubt it has many drawbacks, but all these are optional. You can choose ICMarkets as the best broker because it provides a lot of services at minimum charges.
That’s why it is strictly recommended to trade with ICMarkets.com.
Types of ICMarkets Account
Generally, ICMarkets offers you two types of accounts: Standard account, Raw spread account.
Let’s have a look at them:
Standard Account: ICMarketss charges no commission or fee at standard-type accounts. Instead of it, there are markup fees charged on spreads of at least 1 pip or more. It must be above the raw inter-bank rate which our liquidity providers get.
Raw Spread Account: It is a type of account that shows the interbank spread of liquidity providers. It charges $7 as commission per standard lot round turn.
Recommended For
Traders who want to trade with the platform that provides them minimum deposit on credit or debit card and easy withdrawal options are the right place for them.
Related Questions
Is ICMarketss a good broker?
Yes, the ICMarkets is a good broker because it is regulated and authorized by ASIC. That’s why it is safe to trade with an ICMarkets broker.
Does ICMarketss charge commission?
The big benefit of trade with the market is that it does not charge any commission from you if you have standard accounts.
Do ICMarkets offer a bonus?
Some brokers offer you a deposit or welcome bonus, but there is no such bonus in the market. This is not unusual because many brokers don’t do so.
Final Verdict
Finally, it is clear from the above discussion that the ICMarkets broker is the best trading platform. It is trustworthy and secure.
You can select it freely as it offers a trading platform at shallow fee charges and commission. It has 24/7 customer services that are available for your help.
You can find high leverages and tight spreads here at low investment. It has many technical tools that a trader can use easily.
It is fully loaded with the latest techniques, such as a mobile app. It is still improving its trading strategies.
Maybe in the future, we will come with more latest trends. So, could you stay connected with us to be updated?
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