IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.To get more news about ic markets review, you can visit wikifx.com official website.
IC Markets offers a total of 3,583 tradeable instruments across its Australian, Cyprus, and Seychelles-based entities. The table below summarizes the different investment products available to IC Markets clients. 
Cryptocurrency: Cryptocurrency trading is available at IC Markets through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents. Considering the small effective spreads and the low deposit requirement for its commission-based accounts, IC Markets’ trading costs rival the best low-cost forex brokers, such as IG and CMC Markets.
Global entity: Spreads at IC Markets vary depending on the trading platform you use, your account type, and your chosen IC Markets entity. IC Markets has three regulatory entities available: European (based in Cyprus), Australian, or its offshore entity based in Seychelles.
Account types: IC Markets offers three account options: the commission-free Standard account (spread only), and the commission-based Raw Spread and cTrader Raw Spread accounts.
cTrader versus MetaTrader accounts: The cTrader Raw Spread and the IC Markets (MT4 or MT5) Raw Spread accounts have a near-identical commission structure. The difference in pricing between the two comes down to platform choice. The cTrader-linked account commission is lower by about a tenth of a pip, at $3.0 per side for every 100,000 units, or $6.00 per RT. The Raw Spread account, which uses MT4 or MT5, charges $3.5 per side for every 100,000 units (1 standard lot) or $7.00 per round turn (RT).
Effective spreads: IC Markets lists its average spread on the EUR/USD at 0.02 pips (August 2021). After adding the commission equivalent of 0.6 pips for the cTrader account, the all-in cost comes to 0.62 pips (or 0.72 on MetaTrader in the Raw Spread account) – which is competitive. Alternatively, the Standard account lists an average spread of 0.62 pips and is commission-free, making it an attractive option.
Active traders: IC Markets offers discounts to traders that trade over 100 standard lots per month.
Agency and dealer execution: IC Markets provides execution on an agency basis, which means orders may be subject to positive or negative slippage – there are no requotes and no instant execution. That said, IC Markets is still considered a dealer and counterparty to your trade. Though it routes orders to nearly two dozen liquidity providers, it does not hedge all trades and thus does manage some risk as a counterparty (dealing desk). IC Markets provides mobile apps for the three platforms it offers – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader – all of which come standard for iOS and Android. The lineup is good; however, it should be noted that the leaders in mobile (e.g., Saxo Bank, CMC Markets, TD Ameritrade) all offer proprietary trading apps.
Tools comparison: The MetaTrader and cTrader suite have similar mobile functionality and charting. The platform you choose will likely depend on whether you trade manually or use desktop platforms for automated trading systems.
