Broker ICMarkets is currently one of the Forex trading exchanges that many investors choose to trade. Are you also learning knowledge related to broker ICMarkets and especially how to deposit and withdraw money into your account? The article below from Forex Trading will provide you with all the necessary information about this issue. Let’s see!
Overview of broker ICMarkets
It is no coincidence that broker ICMarkets is trusted and chosen by many investors for trading. Let’s learn about this exchange.
Introducing broker ICMarkets
ICMarkets trading exchange was officially established in 2007 in Australia. To date, ICMarkets has become the 2nd largest Forex trading platform in the world. Every day about 500,000 transactions are made. The total trading volume of the exchange is nearly 1,000 billion USD.
Broker ICMarkets allows users to trade many different types of assets, including:
- Forex: ICMarkets provides users with 61 different forex pairs with low spreads, from only 0.0 pip.
- Securities: The exchange offers over 1800 stocks of multinational companies with large capitalization. Besides, the exchange also has over 9 types of bonds issued by governments of many countries around the world such as England, America, Japan…
- Cryptocurrencies: The exchange offers up to 21 popular cryptocurrencies including BTC, ETH, LTC, and EOS…
- Indices include US DJIA, UK FTSE 100…
- Futures contracts include the ICE Dollar Index, WTI Crude Oil, CBOE VIX, and Brent Crude Oil.
- Commodities such as energy, metals, agricultural products…
- Forex: 61 forex pairs with spreads as low as 0.0 pips.
See more: Optimize trading with IC Markets Exchange
IC Markets trading platform
Currently, broker ICMarkets is providing users with 3 trading platforms: MetaTrader 4, MetaTrader 5, and Ctrader.
MT4 platform and MT5 platform
Similar to other Forex trading exchanges, ICMarkets also uses two platforms MT4 and MT5 for trading. These 2 platforms have the following outstanding advantages:
– Fast order matching speed
The number of transactions and scale are not limited.
– MT4 and MT5 allow trading of all asset types with the lowest spreads.
cTrader platform
In addition to MT4 and MT5, on broker ICMarkets, users can also use the cTrader trading platform. This is a platform developed by the UK company Spotware. The platform has extremely fast order-matching speed. This platform includes basic features such as:
– Fast, accurate quotes in real-time
– Super fast order matching speed because the server is located in the UK’s LD5 IBX Equinix Data Center.
– Can trade with micro lots, minimum is 0.01. This helps investors control maximum risk.
– cTrader supports users to use many different types of orders.
Broker ICMarkets review
For the IC markets review, we need to mention and analyze both the advantages and disadvantages of the exchange.
Advantages of ICMarkets:
- Transaction fees are low
- Powerful, professional trading platform, providing many outstanding features, and maximum support for traders’ trading process
- The exchange provides a variety of trading products from forex, stocks, cryptocurrencies, and indices to commodities and energy.
Disadvantages of ICMarkets:
Besides advantages, ICMarkets still has some limitations such as:
- High margin level, higher than some other exchanges
- The exchange does not trade derivative products such as futures contracts, or options…
How to deposit and withdraw money on broker ICMarkets is simple and fast
Regardless of the trading exchange or form, what investors are most interested in is still depositing and withdrawing money from the exchange. For ICMarkets, you can deposit and withdraw money in the following ways:
How to deposit money in ICMarkets
There are many ways to deposit money on ICMarkets. However, users can deposit money into their ICMarkets account through 3 basic ways including Internet Banking, Visa/Mastercard, and Neteller.
Deposit money via Internet Banking
Depositing money via Internet Banking is considered the simplest form, most applied by many investors. To deposit money via this form, follow these steps:
Step 1: Investors log in to their ICMarkets account
You access the homepage of ICMarkets. In the upper right corner of the screen, choose to log in to your account.
Step 2: After logging in to your ICMarkets account, on the Menu bar on the left side of the screen, select “Deposit”. At this point, the screen will display deposit methods for you to choose from. Click on Deposit money using Internet Banking.
Step 3: Fill in all necessary information such as Bank name, account number, amount to deposit… After completing, select “Continue”.
Finally, enter the OTP code to complete the deposit process into your account.
Deposit via Visa/Mastercard
Besides depositing money using Internet Banking, investors can also make transactions via Visa/Mastercard. Implementation steps include:
Step 1: The user logs into the ICMarkets account and selects the Visa/Mastercard deposit method.
Step 2: You download images of the front and back of the credit card. At the same time, you enter card information including card name, account number, card expiration date, etc. In particular, don’t forget to enter the amount you need to deposit to complete the transaction.
Deposit via Neteller or Skrill
Besides the two deposit methods above, investors can also use Neteller. The steps are as follows:
Step 1: Log in to your ICMarkets account on the website’s home page and choose the deposit method via Neteller.
Step 2: Enter information about your account number, and amount to deposit and follow the instructions on the web.
How to withdraw money from IC Markets
For withdrawing money on broker ICMarkets, the method is the same as for depositing money. However, a little different from withdrawing money using Internet Banking is that before making a transaction you need to update your statement for IC Markets to approve. The statement must be no more than 3 months old and have the bank’s red seal. You can upload your statement by selecting “Profile” on your account transaction, then clicking “Withdrawal details” and uploading.
Steps to withdraw money using Internet Banking include:
Step 1: Log in to your ICMarkets account and select “Withdrawal”, select “Add Bank Detail”.
Step 2: Fill in your bank account information
Step 3: Download verification documents
How to trade on broker ICMarkets
To be able to trade on broker ICMarkets, you need an account.
Steps to open a trading account on ICMarkets
To open a broker ICMarkets account, follow these steps:
Step 1: You access the official website of the exchange, and select Start Trading.
Step 2: Fill in all necessary information including Full name, phone number, email address, country… in the UK without accents, and click “Continue”.
Step 3: After completing the information in step 2, the interface automatically switches to “Tell us about yourself” and selects the account type. If you are an institutional investor, click on the “Joint” account. If you trade for a company, choose the “Corporate” account.
You also need to fill in additional information about the date of birth, specific address… and check the box “I was referred by an Introduce broker” and select “Next” to move to the next step.
Step 4: You choose the trading platform (MT4, MT4, or cTrader) and the account type you want to use.
Besides, you fill in more about your trading experience as well as some questions to help recover your account in case you lose your password or your account is locked.
Verify ICMarkets account
Finally, you just need to verify your identity by taking a photo, uploading 2-sided images of your ID card, and verifying your address with a utility bill, bank bill, or any delivery bill.
After completing the steps above, wait about 1 – 3 days for the system to verify your account. Broker ICMarkets will send an account verification notification to the email address you registered. In case of unsuccessful registration, the system will also attach a specific reason for you to edit and re-register.
After registering an account, log in and proceed with Forex trading.
See more: Broker IC Markets and interesting revelations
Some notes when trading on broker ICMarkets
Each person’s Forex investment process is different. Some people fail, but some people achieve the success they expect. However, no matter who you are, during the transaction process, you should keep in mind the following things:
– Build yourself a clear and specific investment strategy before trading and be loyal to that strategy.
– Use a combination of many indicators, forecasts, and methods to properly evaluate the market and come up with an appropriate investment plan.
– Before trading, carefully learn the rules of the exchange to avoid making mistakes and losing opportunities.
– Traders choose the best time frame depending on each trading currency pair.
– Regularly monitor market news, practice forex investment skills such as capital management skills, emotion control skills, technical analysis, risk analysis…
Conclude
Above is the necessary information about broker ICMarkets, especially the deposit and withdrawal methods provided by Forex Trading. Depositing and withdrawing money on the exchange is not too complicated, however, you should also read the article carefully to avoid errors and waste of time. In addition, the best way to make the deposit and withdrawal process simpler is to follow information from Forex Trading. Finally, we wish you success on your investment path.
Frequently asked questions:
How much is the deposit fee to the ICMarkets account?
ICMarkets trading platform does not charge users any fees when depositing money into their accounts.
How much is the fee for withdrawing money from an ICMarkets account?
Similar to deposits, broker ICMarkets does not charge withdrawal fees. However, depending on the bank, you may have to pay 2 – 3% in fees.
Is there a minimum deposit requirement for deposits?
Margin is the amount of money that needs to be kept in an investor’s account to protect the account as well as ensure the execution of transactions. Broker ICMarkets stipulates a minimum deposit amount of $200 for all account types.
