IC Trading
Minimum Spread :Foundation Year : 2022
Min Deposit $ 200
IC Trading is a brokerage firm offering a range of trading services across Forex and CFD markets. Established in 2022, the broker is regulated by the Financial Services Commission (FSC) of Mauritius under license number GB21026834. Client funds are securely held in segregated accounts with reputable banks such as Westpac and the National Australia Bank (NAB).
Regulation and Security
IC Trading is regulated by the FSC, which ensures a certain level of compliance and oversight. While the broker does not hold licenses from Tier-1 regulators, it offers client protection features such as negative balance protection and mandatory Know Your Customer (KYC) verification to ensure secure trading conditions.
Commissions and Fees
The broker offers competitive trading fees, including tight spreads on major currency pairs like EUR/USD. There are no additional charges for account inactivity, deposits, or withdrawals, though third-party fees may apply. However, the fee structure may be slightly complex for beginners to navigate.
Account Types
IC Trading provides three account types: Standard, Raw Spreads, and Islamic accounts, all of which are compatible with MetaTrader platforms.
Standard Account: Offers fixed spreads starting from 0.8 pips with no commissions, ideal for beginner traders.
Raw Spreads Account: Provides spreads starting from 0.1 pips with a commission of $3.5 per lot, suitable for experienced traders looking for tighter spreads and high liquidity.
Islamic Account: Follows Sharia-compliant trading principles.
All accounts require a minimum deposit of $200 and offer leverage of up to 1:500.
Deposit and Withdrawal
IC Trading processes withdrawal requests submitted before noon GMT on the same business day, while requests made later are processed the following business day. There are no fees for deposits or withdrawals imposed by the broker, although banks or payment providers might apply their own fees. Withdrawals to Visa or Mastercard typically take 3-5 business days, with similar timelines for bank transfers.
Trading Platforms and Instruments
Traders have access to both MetaTrader 4 and MetaTrader 5 platforms, available for desktop, mobile, and web use. The broker offers access to over 2,250 trading instruments, including Forex CFDs, indices, stocks, commodities, bonds, and cryptocurrencies. Automated trading strategies are supported, and social trading is available through platforms such as ZuluTrade.
Customer Support
IC Trading offers 24/7 customer support via phone, email, and online chat. While the primary support language is English, users need to provide personal information to initiate a chat session.
Educational Resources
The broker provides basic educational materials on its official website, including short guides on trading Forex and CFDs. However, the content is somewhat limited, lacking in-depth examples or detailed strategies for risk management. Demo accounts are available, allowing users to practice their trading skills without financial risk.
Conclusion
IC Trading offers a strong trading environment with competitive fees, a wide selection of trading instruments, and access to advanced platforms. While it lacks regulation from higher-tier authorities, its features cater to both novice and experienced traders seeking low-cost trading solutions and efficient order execution.
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