IC Markets Review
- Leverage: 1: 500
- Regulation: FSA
- Min. Deposit: $200
- HQ: Australia
- Platforms: MT4, MT5, CTrader
- Found in: 2007
IC Markets Licenses
- IC Markets AU Complies With ASIC Regulatory Requirements And Has In Place Procedures To Ensure That Capital Adequacy Requirements Are Always Maintained Along With Internal Risk Management And Staff Training Requirements.
- IC Markets EU Complies With CySEC Regulatory Requirements And Is Required To Meet Strict Financial Standards, Including Capital Adequacy And Audit Requirements.
- IC Market Global Complies With The FSA Regulatory Requirements And Has In Place Internal Risk Management Controls To Ensure That It Is Sufficiently Capitalized To Support Its Operations.
- IC Markets Ltd. Trading As IC Markets International Complies With SCB Regulatory Requirements And Has In Place Internal Risk Management Controls To Ensure Sufficient Capital Requirements Are Always Maintained
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Leverage Up To 1:1000
Leverage Is Vitally Important, Yet It Remains A Misunderstood Concept For Many Traders.
The Leverage Ratio Essentially Governs The Margin Required In An Account To Trade.
1:100 Leverage Means For Every 100 Usd Traded, 1 Usd Margin Is Required (Or 1%). 1:200 Leverage, Therefore, Means For Every 200 Usd Traded, 1 Usd Margin Is Required (Or 0.5%). Here, A Trader Can Effectively Control 200 X More Money Than What Is In The Account.
Accounts Go Up To 1:1000 Leverage On The Ic Markets Metatrader 4 And Metatrader 5 Platforms. Traders Can Use Higher Leverage To Suit Their Trading Style And Get The Best Out Of Their Manual And Automated Trading Strategies.
IC Markets Pro’s
Low Forex Fees
Favorable Trading Conditions
A Large Choice Of Working Instruments – Above 90
Low Spreads – From 0 Pips
High Speed Of Order Execution
Free Deposit And Withdrawal
IC Markets Con’s
❌ No Additional Bonuses And Contests For Traders
❌ Some Delays In Payments For A Couple Of Days
❌ No Weekend Trading
❌ Limited Product Selection
❌ No Investor Protection For Non-EU Clients
IC Markets Leverage
The Leverage Ratio Essentially Governs The Margin Required In An Account To Trade.
1:100 Leverage Means For Every 100 USD Traded, 1 USD Margin Is Required (or 1%). 1:200 Leverage, Therefore, Means For Every 200 USD Traded, 1 USD Margin Is Required (or 0.5%). Here, A Trader Can Effectively Control 200 X More Money Than What Is In The Account.
Lots
- A Standard Lot Is 100,000 Currency Units.
- A Mini Lot Is 10,000 Currency Units.
- A Micro Lot Is 1,000 Currency Units.
As An Example, One Standard Lot Of EUR/USD Is 100,000 Euros, While One Mini Lot Of EUR/USD Represents 10,000 Euros.
Currency Pairs Consist Of Two Currencies. The Euro, In The Case Of EUR/USD, Represents The Base Currency And The US Dollar Denotes The Quote Or Counter Currency. It Is The Base Currency That’s Bought/sold, Always Representing 1 Unit. The Quote Currency Informs Traders What The Value Of The Base Currency Is Worth.
If GBP/USD Trades At $1.3000, 1 GBP Is Valued At 1.30 USD. 10 GBP, Therefore, Would Be Worth 13.00 USD.
IC Markets Margin
- If Your Account Is Denominated In USD And The Base Currency Of The Pair Traded Is Also In USD, The Margin Requirement Can Be Calculated By Dividing Your Leverage Ratio. For Instance, An Account Set At 1:100 Equates To A 1.00% Margin Requirement (1/100). So, Trading One Standard Lot (100,000 Units) Equals 1,000 USD Margin. Trading One Mini Lot (10,000 Units) Equals 100 USD Margin.
- If Your Account Currency Is Different To The Pair Traded, A Different Calculation Is Required. For An Account Denominated In AUD, Though Trading EUR/USD, Multiply The Position Value (100,000 Units For A Standard Lot) By The Current EUR/AUD Price And Then Multiply This Value By The Margin Percentage (1% In This Case). To Trade EUR/USD With An Account Denominated In AUD At Current Prices You Need 1,631.6 AUD Margin (100,000 * 1.6316 [EUR/AUD] * 0.01).
- If Your Account Currency Is The Same As The Quote Currency Of The Pair Traded, You Must Multiply The Position Value (100,000 Units If One Standard Lot) By The Current Price Of The Pair Traded And Multiply This Value By The Margin Percentage, Which In This Case Is 1% (1:100 Leverage). Trading EUR/AUD With An Account Denominated In AUD, With One Standard Lot, Requires 1,630.9 AUD Margin To Execute A Trade (100,000 * 1,6309[EUR/AUD] *0.01).
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening
74.89% of retail CFD accounts lose money
Explanation For How To Change The Leverage
Leverage Is Like A Multiplier For Your Gains And Losses. It Lets You Gain Bigger Exposure On Any Market, With A Smaller Capital. Most CFD Brokers Require You A Level Of Leverage: A Minimum Of 5x Or 10x Or More.
And Just A Reminder If You Have Finished Trading Altogether, Don’t Forget To Withdraw Your Funds.
- Login To Your IC Markets Account
- Navigate To Your Client Area
- Here You Can Select The Account Number And Request A New Leverage Level
- On ‘Submit’ To Confirm Your Request
IC Markets Broker Features
| Feature | IC Markets |
| Minimum deposit: | $200 |
| Withdrawal fee amount: | None |
| Inactivity fee charged (Y/N): | Yes |
| Max leverage: | 1: 500 |
| Spread from: | 0.0 pips |
| Number of instruments: | 17,000 |
| Year founded: | 2007 |
| Time to open account: | 1 business day |
| Demo account provided (Y/N): | Yes |
| Countries of regulation: | Cyprus |
| Products offered: | Forex, Commodities, Indices, Bonds, Digital Currencies, Stocks And Futures |
IC Markets Conclusion
Accounts Go Up To 1:500 Leverage On The IC Markets MetaTrader 4 And IC Markets MetaTrader 5 Platforms. Traders Can Use Higher Leverage To Suit Their Trading Style And Get The Best Out Of Their Manual And Automated Trading Strategies. We Know Some Traders Prefer To Deal In Their Local Currency.
The Term You Need To Focus On Is The Stop-out Level. IC Market’s Stop-out Level On MT4/MT5 And CTrader Is 50%. This Means If Your Equity Dips Beneath 50% Of Your Used Margin Level, The Platform Will Automatically Liquidate The Most Unprofitable Trades. So, If Used Margin Is 1,000 USD And Your Account Trades To 499.99 USD (49.9%), Trades Will Begin To Close. At This Point You Also Have The Option Of Depositing Additional Funds To Increase Your Margin Level.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening
74.89% of retail CFD accounts lose money
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