IC Markets is one of the leading Forex and CFD trading platforms in the market. The exchange is famous for its low transaction costs, dedicated customer service, and outstanding reputation. If you are looking for a reputable trading platform to start or improve your trading career, IC Markets is the choice not to be missed. In this article, Forex Trading will guide you on how to open an account, evaluate in detail the basic criteria, and provide specific steps to perform effective trading.
Instructions for opening an IC Markets account on a computer for new traders
ICMarkets is a reputable, top-quality forex exchange on the market. Traders can refer to the detailed account opening steps in the following content.
Specific steps to open an IC Markets account on the computer
To register an account on ICMarkets, follow these steps.
Step 1: Access ICMarkets: https://www.icmarkets.com
Start accessing the ICMarkets homepage. Priority is given to using UK to avoid confusion when entering information.
Step 2: Enter registration information
Fill in personal information as required on the registration page. Each email can only be used for registration once.
Note when registering an account, to receive dedicated support during the trading process at ICMarkets. Traders, please enter code “ 16187 ” in the referral code section.
Basic account setup steps
Step 3: Account settings
Choose the account type you want to open including Standard or Raw Spread.
Next, traders move to ” Review “. Here, traders need to check the accuracy of the information.
Choose a security question to secure your account.
Step 4: Confirm via email
Check your email to confirm the information.
Click the link to proceed to the next steps.
Then, proceed to set up a new password change.
Answer some questions
After successfully logging in, the system will send an invitation to join IC Social. You can join or click the multiplication sign in the upper corner to turn off notifications.
Complete a questionnaire about personal and financial information.
Next, you need to fill in the “Financial Information” section
Section: “Financial information” I chose is below. You can refer to fill in the information that suits your own situation.
Finally, the information collection section is about Experience and trading knowledge.
However, traders must verify their accounts to trade with a real account.
How do you verify the IC Markets account?
Step 1: Verify your identity documents
When you have completed submitting your registration information. After answering the investment-related questions, the screen will appear as follows. At this point, you need to select to upload your identity documents and address verification documents in turn to verify your identity.
Step 2: Verify address information
Next, you need to upload documents with address information for verification.
After successfully uploading your ID documents and address verification documents. The exchange will notify that the document upload is complete.
ICMarkets will confirm the information within 24 hours. Once verification is complete, traders can start trading on the market.
See more: Broker IC Markets and interesting revelations
Why should investors choose to trade with IC Markets?
IC Markets is not only famous for its reputation and high safety but also brings many outstanding benefits to investors. Below are the main reasons you should consider when choosing the exchange as your trading platform.
Benefits received when choosing to trade with IC Markets
When trading with the exchange, you will enjoy many attractive benefits. First of all, is low transaction costs. The platform offers extremely competitive spreads, which can even be close to zero for some major currency pairs. This helps you save costs and maximize profits.
Second, the exchange uses advanced technology to ensure fast and accurate order-matching speed. With servers located in the world’s leading data centers, you can rest assured that all your trading orders will be executed without delay or interruption.
Third, IC Markets provides professional and dedicated customer support services. The exchange’s support team is always ready to answer all your questions through many communication channels such as online chat, email, and phone. No matter what problem you encounter during the trading process, you will always receive timely and effective support.
Diverse trading assets on IC Markets
One of IC Markets ‘ strengths is its diversity of trading assets. The platform offers thousands of different products including Forex, commodities, indices, stocks, bonds, and cryptocurrencies. This helps investors have more options in building their investment portfolios. At the same time, traders can look for profit opportunities from different markets.
In particular, the exchange always updates and adds new assets to meet market needs and modern investment trends. You can easily access and trade the hottest assets today. Major assets such as Bitcoin, Ethereum, or the world’s leading technology stocks.
Users have access to many different types of IC Markets accounts
IC Markets understands that each trader has his own needs and trading style. Therefore, the exchange offers many different types of accounts to suit all types of customers. From standard accounts with low spreads to RAW accounts with spreads close to 0.
In addition, the exchange also offers a free demo account for beginners. Also, those who want to test trading strategies without worrying about risks. Demo accounts are funded with virtual funds, helping you get acquainted with the platform and trading tools without investing real money.
Advantages of trading with IC Markets
Trading with IC Markets brings many outstanding advantages that not all exchanges can provide. First, the exchange uses advanced ECN (Electronic Communication Network) technology. Allows traders to trade directly with the world’s largest banks and liquidity providers. This not only ensures transparency but also helps you get the best price on the market.
Second, the platform offers leverage up to 1:500. Allowing you to maximize profits from transactions. However, it should be remembered that leverage also comes with high risks. Therefore, you should use it carefully and have a reasonable risk management strategy.
Finally, the exchange continuously improves and updates trading tools and software to meet the needs of modern traders. The exchange supports many popular trading platforms. These include MetaTrader 4, MetaTrader 5, and cTrader. Thereby, bringing you a smooth and effective trading experience.
Evaluate IC Markets based on basic criteria
IC Markets is a large trading platform chosen by many traders. To choose ch
Overview of IC Markets fees
One of the important factors that traders are always concerned about is transaction fees. The platform is famous for its competitive and transparent fees. The exchange offers two main account types: standard account and Raw Spread account.
IC Markets standard accounts have no commission, but spreads will be 1 pip or more. In contrast, the Raw Spread account has spreads from 0 pips but comes with low commissions. Usually 3.5 USD each way per lot traded. This is very attractive for traders who trade in large volumes and want to save costs.
In addition to transaction fees, the exchange also has other fees such as overnight fees (swap) and deposit/withdrawal fees. However, the exchange supports free deposits for most methods and only charges withdrawal fees when using certain methods. This helps minimize unnecessary costs for traders.
Evaluate the customer care effectiveness of IC Markets
Customer care is one of the important factors when evaluating a trading exchange. The platform provides 24/7 customer support services through many communication channels. Among them, the most popular tools are online chat, email, and phone. The exchange’s support team is highly appreciated for its professionalism and agility in solving customer problems.
In addition, IC Markets also provides detailed documentation and free training courses for beginners. This helps traders grasp the knowledge and skills needed to trade effectively. Materials are provided in many formats such as videos, articles, and webinars, making it easy for users to access and learn.
How is the reputation of IC Markets assessed?
The reputation of the trading exchange is a decisive factor in the trust of investors. The platform is licensed and regulated by reputable financial agencies. Possible examples include the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Commission (FSA). This ensures that the platform operates according to international standards and protects the interests of customers.
Furthermore, the exchange has extensive experience operating in the financial market with millions of customers worldwide. The exchange also received many prestigious awards from financial and media organizations. From there, it affirmed its position and reputation in the industry.
Is IC Markets safe for investors?
Safety is always the top concern of investors. The exchange uses advanced security technology such as SSL encryption and firewalls to protect customer information and assets. Furthermore, the exchange also has a negative balance protection policy. Therefore, it is guaranteed that the customer cannot lose more than the amount deposited into the account.
IC Markets also complies with segregated account regulations. That is, customers’ money is kept in separate accounts at reputable banks. This helps ensure that your funds stay safe and are not being used for purposes other than your trading.
Instructions for downloading and making transactions with IC Markets
To start trading with IC Markets, you need to download and install the exchange’s trading platform on your device. Below are detailed instructions on how to download the platform and steps to carry out trading on the exchange.
How to download the IC Markets platform to your device?
IC Markets supports various trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. You can download these platforms to your computer or mobile device from the exchange’s homepage.
To download MT4 or MT5, visit the “Platforms” section on the exchange homepage. Then, select the version suitable for your operating system (Windows, MacOS, iOS, Android) and click the download button. After downloading, traders need to follow the installation system’s instructions to complete.
With cTrader, you do the same by selecting the cTrader platform from the “Platforms” section and downloading it to your device. cTrader offers a modern interface and many advanced technical analysis tools, suitable for both new and professional traders.
Steps to perform transactions with IC Markets
After installing the platform, you log in to your account using the credentials provided. The basic steps to start trading are as follows.
How to deposit and withdraw an initial deposit at IC Markets?
IC Markets offers many flexible and fast deposit and withdrawal methods. To deposit/withdraw money, access the “How to deposit/withdraw money” section on the account management page. Then, follow the instructions and choose your desired deposit method. Funds will be credited to your trading account instantly or in a few minutes.
For withdrawal, go to “Withdrawal”, select the withdrawal method, and enter the amount you want to withdraw. The platform will process your request within 24 hours. Note that the time it takes to receive your funds may vary depending on the method you choose.
Instructions for placing orders with IC Markets
Placing a trading order on IC Markets is very simple and intuitive. After logging in to the trading platform, you can perform the following steps:
- Select the currency pair or asset you want to trade: On the main interface of the platform, select the currency pair or asset you want to trade from the product list.
- Analyze and identify trends: Use technical analysis tools. These include charts, indicators, and trend lines to determine market trends.
- Place Order: Click the “Open Order” or “New Order” button. Enter the trading volume and select the order type (Market, Limit, Stop). You can also set Stop Loss and Take Profit levels to manage risk.
- Order Confirmation: After entering all information, click “Open order” or “Place Order” to confirm. Your order will be executed immediately if it is a market order or when the price reaches the level you set if it is a pending order.
- By following the above steps and effectively using trading tools. Traders will be able to optimize their strategies and take advantage of opportunities in the market with the platform.
Conclude
So the article on Forex Trading has informed you about IC Markets. With outstanding advantages from competitive transaction fees, and professional customer care service to high safety and reputation. The exchange deserves to be the top choice for all investors. Start your trading journey with IC Markets today to experience exciting investment opportunities.
FAQs:
Does IC Markets provide demo accounts?
Yes, the platform offers a free demo account. Thereby, allowing traders to test trading strategies and get familiar with the platform without risking real money.
What deposit and withdrawal methods does IC Markets support?
The exchange supports many deposit and withdrawal methods. These include credit cards, bank transfers, and e-wallets such as Skrill and Neteller, helping you easily perform financial transactions.
Is IC Markets safe?
The exchange is regulated by reputable financial agencies such as ASIC and FSA. At the same time, using advanced security technology and a negative balance protection policy ensures the safety of investors’ money and information.
