IC Market cTrader Review

cTrader Experience:

0 + Years

Est. Trading Volume:

0 + Yards/ Month

Instruments:

0 +

Minimum Deposit:

USD 200

cTrader Academy Overall Rating

95

cTrader Experience

90

cTrader add-ons

95

cTrader trading cost

90

License and Regulation

90

Offering of Instrument

95

Deposit and Withdrawal

90

IC Markets cTrader Review

IC Markets stands out in the forex and CFD trading sector, boasting over 180,000 active clients and a remarkable trading volume of US $1 trillion as of Q4 2023. Based in Sydney, Australia, the broker offers a diverse portfolio of over 2250 CFDs, including currency pairs, commodities, indices, and more. It’s particularly favored for cTrader and its strong support of automated trading, with 60% of trades being algorithmic. A significant part of its success is attributed to the adoption of the cTrader platform, which has become popular among its users for its advanced trading capabilities. Despite its scale and technological edge, feedback suggests room for improvement in customer support. Overall, IC Markets excels in providing a technologically advanced trading environment, with a wide range of products and a special emphasis on supporting automated strategies.

IC Market cTrader experience

IC Markets has firmly established itself as a frontrunner in the cTrader ecosystem, being one of the pioneering brokers to embrace cTrader since 2012. This early adoption has allowed IC Markets to significantly contribute to the growth and success of cTrader, solidifying its position as one of the largest brokers globally. The volume of cTrader trading through IC Markets is a testament to its leadership and influence within the cTrader community.

Despite the vast user base of cTrader on IC Markets, there is a notable point regarding customer support. While IC Markets provides a robust trading experience on the cTrader platform, feedback suggests that their customer support team may not have the expected level of experience with cTrader-specific queries. Nonetheless, this minor caveat does not detract significantly from the overall superior cTrader experience offered by IC Markets. The platform continues to be a top choice for traders looking for advanced features, fast execution, and a user-friendly interface, all of which IC Markets delivers with excellence.

IC Market cTrader add-ons

IC Markets cTrader has enabled all add-ons with Spotware for its cTrader platform, allowing traders to fully explore the platform’s capabilities. This enhancement enriches the trading experience with access to a suite of tools and features, including advanced charting, extensive back-testing, and a wide range of custom indicators and automated trading robots. This move underlines IC Markets’ dedication to providing advanced technology and comprehensive trading solutions, reinforcing its status as a leading force in the forex and CFD trading industry.

Cross Broker cTrader Copy

Activated

Trading Central in graph Target

Activated

Autochartist AI pattern recognition tool

Activated

IC Market account type

IC Markets distinguishes itself in the competitive brokerage landscape by offering two primary account types: a Raw Spread account with commission and a Commission-Free account with standard spreads. Notably, only the Raw Spread account option is available for cTrader users. This account type is particularly appealing due to its competitive edge in trading costs. A standout feature of IC Markets’ cTrader Raw Spread account is its commission structure, which is more favorable than that of its MetaTrader counterparts, offering a saving of USD 1 per lot traded. This pricing strategy showcases IC Markets’ commitment to providing value and low-cost trading solutions, making it an attractive option for traders seeking efficiency and cost-effectiveness in their trading endeavors.

Raw Spread

(cTrader)

Trading Platform

cTrader

Commission

(per USD 100k)

$3.0

Spread from

0

Licensing and regulation

IC Markets has solidified its reputation in the forex industry over more than a decade, demonstrating a commitment to regulatory compliance and trader security. The broker is licensed under several prestigious jurisdictions, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and maintains an offshore entity in Seychelles for servicing clients outside the EU and Australia. While this regulatory setup might not be the most extensive in the industry, it is robust enough to instill confidence and provide a significant level of protection to traders in search of a secure trading platform. IC Markets’ adherence to these regulatory standards underscores its dedication to maintaining high ethical and operational standards, offering traders peace of mind when participating in the global forex markets.

Onboarding Entity:
Raw Trading Ltd
Financial Services Authority (FSA), Seychelles.
Securities Dealer’s license number SD018

Other group entities:

Australia:
International Capital Markets Pty Ltd, registration number 123 289 109
Australian Securities and Investments Commission (AFSL), Australia
License No. 335692.
Cyprus:
IC Markets (EU) Ltd, company number HE 356877
Cyprus Securities and Exchange Commission (Cysec)
License No. 362/18

Instrument Offering and Leverage

IC Markets is at the forefront of product development and improvement in the forex industry, with a remarkable offering of over 3,000 trading instruments by 2024, positioning it as a leader in the market. This expansive selection is unparalleled, yet it’s important to note that not all of these instruments are accessible to cTrader platform users. An estimated 200-300 instruments are available through cTrader, providing a diverse but more curated selection for traders on this platform. While this represents a fraction of the total offerings, it still ensures that cTrader users have access to a broad range of trading options, catering to various trading strategies and preferences. IC Markets’ commitment to expanding its product lineup underlines its dedication to meeting the evolving needs of its global clientele.

Forex Major

Forex Minor

Metals

Oil

Natural Gas

Indexes

Crypto

Deposit and Withdrawal

IC Markets stands out for its wide array of deposit methods, covering nearly all common payment channels worldwide. It tailors its offerings to accommodate local market preferences, providing specific payment solutions for various regions. For instance, traders in Malaysia can utilize FPX for local payments, enhancing convenience and accessibility. Withdrawal processes at IC Markets are equally flexible, with most requests handled within one day. However, the rules and processing times can vary depending on the withdrawal method and the associated payment service provider. For detailed information on withdrawal specifics, it is advisable for traders to consult directly with IC Markets’ customer support, ensuring clarity and ease of financial transactions for users globally.

Below is a list of Global Deposit Options Available on IC Markets cTrader:

     Visa

     Master

     Paypal

     USDT

     Skrill

     Neteller

     GPay

     Bank Wire

     Broker Transfer