In this section we will analyze the broker IC Markets (also called icmarkets.com), is a Forex, Cryptocurrency and CFD broker. Is IC Markets really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we did a review on IC Markets. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, providing key information about the company, we disclose information that every investor should know before leaning or not, for invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being part of: IC MARKETS (EU) LTD, Raw Trading Ltd and International Capital Markets Pty Ltd.
As to its location, the broker mentions being based in: Australia, Cyprus or Seychelles, depending on the client's location.
If we analyze the regulation of the broker: it is a regulated broker in Australia, Cyprus or Seychelles, depending on the location of the client.
If now we go on to analyze account types offered by IC Markets, we noticed that they offer 3 different types of account / plans: cTrader Raw Spread Account, Raw Spread Account and Standard Account. We leave an image with a little information about each type of account.
CTrader Raw Spread Account- $ 200 minimum initial deposit, up to 500: 1 leverage, micro-lot trading, one-click trading, all trading styles allowed.
Raw Spread Account- $ 200 minimum initial deposit, up to 500: 1 leverage, micro-lot trading, one-click trading, all trading styles allowed.
Standard Account- $ 200 minimum initial deposit, up to 500: 1 leverage, micro-lot trading, one-click trading, all trading styles allowed.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that IC Markets offers are: MT4, MT5 and cTrader platform.
We will now analyze the different resources and aids for traders that IC Markets provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
IC Markets provides the following aids or resources to traders or interested parties: some live charts, information on basic concepts about the world of investments, information on the products that IC Markets offers, educational sections, really not much more than this.
| Other information about IC Markets |
Some more information in case you want to contact the company, or see its website for yourself.
Website: icmarkets.com/au/es/, www.icmarkets.com/sc/es and icmarkets.eu/eu/en/
Phone number: +61 (0) 2 8014 4280, +34900838243 XNUMX XNUMX XNUMX
>>> Assessment on IC Markets <<
Ending with this section, in our opinion Do we believe that IC Markets company is trustworthy? Should you invest your money with the company?
The truth is that, we believe that it is better to be careful because: although IC Markets is a regulated broker, it is regulated in countries that we consider to have unsafe regulation, some of these countries (Australia) with regulations a little safer than that of other countries (Cyprus, Seychelles). The regulation of IC Markets will depend on the location of the client. So we believe that there are safer options than IC Markets.
⛔ Attention ⛔ : in October 2020 CONSOB added IC Markets to your list of fraudulent financial companies, for acting without authorization. ⛔ WE SUGGEST EXTREME CAUTION ⛔
➡️ Link to CONSOB's October 2020 ⚠️ warning
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.