icmarkets.com FAQ

What is icmarkets.com?

icmarkets.com is the official website for IC Markets Global, a well-known online broker specializing in Forex and Contracts for Difference (CFD) trading across a wide range of global financial instruments including currencies, commodities, stocks, indices, bonds, and cryptocurrencies.

Is icmarkets.com a legitimate broker?

Yes, icmarkets.com appears to be a legitimate and regulated broker, operating since 2011. It is part of the IC Markets Group, which holds licenses from various financial authorities globally and processes significant trading volumes, indicating a functional and established operation.

What products does icmarkets.com offer?

icmarkets.com offers trading in over 2250 financial instruments, including Forex CFDs, Commodities CFDs, Stocks CFDs, Index CFDs, Bond CFDs, Cryptocurrency CFDs, and Futures CFDs.

All instruments are traded as Contracts for Difference. affinityplus.org Review & First Look

Does icmarkets.com charge commissions?

Yes, for its “Raw Spread” accounts, icmarkets.com charges a commission per lot traded, typically on top of the raw interbank spreads which can be as low as 0.0 pips.

They state “0% Commission Payment methods” which refers to fees on deposits and withdrawals, not trading commissions.

What kind of leverage does icmarkets.com offer?

icmarkets.com advertises leverage up to 1:500, particularly for its global clients served by entities regulated in jurisdictions that allow higher leverage ratios.

For clients under stricter regulations (e.g., EU), leverage limits will be significantly lower (e.g., 1:30).

Are there any ethical concerns with trading on icmarkets.com from an Islamic perspective?

Yes, there are significant ethical concerns. Is icmarkets.com a Scam?

Forex and CFD trading, as offered by icmarkets.com, typically involves elements of Riba (interest through overnight swap fees), excessive Gharar (uncertainty due to lack of asset ownership and pure speculation), and Maysir (gambling elements due to zero-sum nature and reliance on chance).

How do I open an account with icmarkets.com?

You can open an account with icmarkets.com in 4 simple steps: Register (choose an account type and complete the application), Verify (use their digital onboarding system), Fund (deposit money using various payment methods), and Trade (start trading on your live account).

What trading platforms does icmarkets.com support?

icmarkets.com supports powerful trading terminals including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and their Web Browser platform. They also offer mobile apps for Android and iOS.

Does icmarkets.com offer a demo account?

Yes, icmarkets.com offers a free demo account, allowing prospective traders to practice trading with virtual funds without risking real money and to familiarize themselves with the platform and market conditions.

What is the average execution speed on icmarkets.com?

icmarkets.com claims an average execution speed of under 40 milliseconds (ms), facilitated by their low latency fiber optic connections and servers located in the Equinix NY4 data center. icmarkets.com Review & First Look

Does icmarkets.com offer 24/7 customer support?

Yes, icmarkets.com provides 24/7 dedicated customer support, accessible through various channels like live chat, email, and phone, as well as a comprehensive Help Centre.

Is icmarkets.com regulated?

Yes, icmarkets.com operates as a regulated broker.

The specific regulatory body depends on the client’s geographic location (e.g., CySEC for EU clients, potentially an offshore regulator for global clients).

Can I trade cryptocurrencies on icmarkets.com?

Yes, icmarkets.com offers trading in Cryptocurrency CFDs, allowing clients to speculate on the price movements of various digital assets without owning the underlying cryptocurrencies.

What is the Trustpilot rating for icmarkets.com?

icmarkets.com highlights an “Excellent 4.8/5 Rating on TrustPilot,” indicating a high level of customer satisfaction with their services and operational quality. My Experience with Amanmaskeen.com

What are “Raw Spreads” on icmarkets.com?

“Raw Spreads” refer to the direct interbank spreads passed on to traders, starting from 0.0 pips, with no requotes.

IC Markets adds a small commission per lot traded on these accounts.

What is Equinix NY4 and why is it important for icmarkets.com?

Equinix NY4 is a major financial data center in New York.

IC Markets’ order matching engine is located there to ensure ultra-low latency and lightning-fast execution for trades, particularly beneficial for automated trading systems.

Does icmarkets.com offer a mobile trading app?

Yes, icmarkets.com offers the “IC Markets Global mobile app” for trading on the go, available for both Android and iOS devices. colonialvanlines.com Review & First Look

How much trading volume does icmarkets.com process?

IC Markets Global processed US$1.64 Trillion in trading volume in April 2024 and over 29 Billion USD in FX trades daily, indicating its large scale of operations.

Is it possible to lose more than my initial deposit with icmarkets.com due to leverage?

Yes, due to the high leverage offered (e.g., 1:500), it is possible to lose more than your initial deposit.

While some jurisdictions offer negative balance protection, the inherent risk of substantial losses remains very high in CFD trading.

What alternatives are there to speculative trading like that on icmarkets.com for ethical financial growth?

Ethical alternatives include investing in Sharia-compliant funds, real estate, ethical small businesses through profit-sharing, physically delivered commodities (like gold/silver), and focusing on skills development for sustainable income.

These options avoid riba, excessive gharar, and maysir. Is Nodekeys.com Worth It?