IC MARKETS RATING -Powered by the Rating Formula V.4.0.
ICMarkets.com Rating based on the Forex Brokers Formula v.4.0. -*Note that IC Markets has changed their corporate model since this rating was made.
IC Markets Rating Summary
This is the sum of each Rating Factor (1, 2, 3, 4)
| RATING SUMMARY | |||
| MAX | ACHIEVED | (%) | |
| 1. Safety of Funds | 26.00% | 15.05% | 57.89% |
| 2. IC Markets Cost of Transaction | 28.00% | 24.00% | 85.71% |
| 3. IC Markets Trading-Options | 26.00% | 20.00% | 76.92% |
| 4. IC Markets Technological Efficiency | 20.00% | 14.00% | 70.00% |
| Overall Rating | 100.00% | 73.05% |
» IC Markets Real & Demo Accounts
IC Markets Rating Analysis
These are the full IC Markets rating results.
| RATING ANALYSIS IC MARKETS | ||||
| TOTAL RATING | 100.0% | IC Markets | ||
| Weight Analysis | Factor Analysis | 73.05% | ANALYSIS | |
| 1. SAFETY OF FUNDS at IC MARKETS | 26.00% | RATING WEIGHT | 15.05% | IC Markets Credibility Analysis |
| 1.1 IC Markets Level of Regulation | 12.00% | FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% | 4.00% | IC Markets is regulated by ASIC (No 335692) = 4.0%, Total = 4.0% |
| 1.2 IC Markets Headquarters Base | 5.00% | General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, New Zeeland = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% | 4.00% | IC Markets is based in Sydney, Australia = 4.0% |
| 1.3 IC Markets Years in the Market | 5.00% | 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % | 4.00% | IC Markets was founded in 2007 (5-10 years) = 4.0% |
| 1.4 IC Markets Segregated / Bank Accounts | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes, IC Markets provides Segregated Bank Accounts via National Australia Bank (NAB) and Westpac Banking Corporation = 2.0% |
| 1.5 IC Markets Web Ratings (Usage for differentiating results) | 2.00% | ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % | 1.05% | Tallinex ForexPeaceArmy = 3.509 / 5.00 | EarnForex= 3.3 /10 | Total= 5.259 / 10.0 = Rating 1.0518% |
| 1.6 (+) ADJUSTMENTS | ||||
| 1.6.1 Size Factor | 1.00% | More than 1 Million Active Traders = +1.0 % | 0.00% | Criteria not met = 0% Rating |
| 2. TRADING COST at IC MARKETS | 28.00% | RATING WEIGHT | 24.00% | IC Markets Competition Analysis |
| 2.1 IC Markets Typical Spread on EURUSD | 8.00% | < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 8.00% | The typical EURUSD spread is 0.1 pip =% |
| 2.2 IC Markets Typical Spread on GBPUSD | 5.00% | < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% | 5.00% | The typical GBPUSD spread is 0.3 pips = % |
| 2.3 IC Markets Typical Spread on USDJPY | 4.00% | < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 4.00% | The typical USDJPY spread is 0.5 pips = % |
| 2.4 IC Markets Trading Commissions | 7.00% | No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% | 1.00% | $7 / full-traded lot trading commissions (tested account types) = 1.0% |
| 2.5 IC Markets Deposit / Withdrawal Commissions | 2.00% | No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % | 2.00% | No withdrawal Commissions charged by IC Markets = 2.0% |
| 2.6 IC Markets Maintenance and Inactive Fees | 2.00% | No = 2.0 %, | Yes = 0 % | 2.00% | No Inactive Fees or similar Commissions charged by IC Markets = 2.0% |
| 2.7 (+) ADJUSTMENTS | ||||
| 2.7.1 IC Markets Execution | 2.00% | ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% | 2.00% | ECN / STP Forex Orders Execution = +2% |
| 3. TRADING OPTIONS at IC MARKETS | 26.00% | RATING WEIGHT | 20.00% | IC Markets Trading Analysis |
| 3.1 IC Markets Forex Asset Index | 8.00% | 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% | 8.00% | IC Markets offers 56 Forex Currencies = 8.0% |
| 3.2 IC Markets CFD and Spot Trading | 2.00% | CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% | 2.00% | IC Markets offers CFD contracts = 2.0% |
| 3.3 IC Markets Demo / Practice Account | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | A demo account is available at IC Markets = 2.0% |
| 3.4 Leverage at IC Markets | 2.00% | >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% | 2.00% | 500:1 max Trading Leverage at IC Markets = 2.0% |
| 3.5 IC Markets Bonus & Rebate | 6.00% | 0.00% | ||
| 3.5.1 IC Markets Bonus (%) | Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% | 0.00% | No Bonus is offered by IC Markets = 0% | |
| 3.5.2 IC Markets Rebate (%) | Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% | 0.00% | ||
| 3.6 IC Markets Minimum Deposit | 1.00% | Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% | 1.00% | The minimum deposit when opening an account with ICMarkets is $200 = 1.0% |
| 3.7 IC Markets Fund / Deposit Methods | 2.50% | For each deposit method available = 0,5%, max = 5 methods | 2.50% | 5+ fund methods by IC Markets (Wire, Cards, Skrill, Webmoney, Neteller) = 2.5% |
| 3.8 IC Markets Fund / Withdrawal Methods | 2.50% | For each withdrawal method available = 0,5%, max = 5 methods | 2.50% | 5+ fund methods by IC Markets (Wire, Cards, Skrill, Webmoney, Neteller) = 2.5% |
| 3.9 (+) ADJUSTMENTS | ||||
| 3.9.1 Offering 100+ Currency Pairs | 1.00% | Yes = 1.0 % / No = 0 % | 0.00% | 56 Forex Currencies = +0% |
| 3.9.2 Interest on Funds | 0.50% | Yes = 0.50 %, No = 0.0 % | 0.00% | No interest on client funds by IC Markets = +0% |
| 3.9.3 IC Markets Competitions / Championships | 0.25% | Yes = 0.25 % / No = 0 % | 0.00% | At the moment there are no Contests available = +0.00% |
| 4. IC MARKETS TECHNOLOGICAL EFFICIENCY | 20.00% | RATING WEIGHT | 14.00% | IC Markets Technology |
| 4.1 IC Markets Available Platforms | 5.00% | Each Supported Platform = 1.0%, max = 5 platforms | 3.00% | IC Markets offers MT4, MT5, and cTrader = 3.0% |
| 4.2 IC Markets Slippage | 4.00% | Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% | 1.00% | Below 2.0 pips = 1.0% |
| 4.3 IC Markets Automated Trading | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, IC Markets allows Expert Advisors = 2.0% |
| 4.4 IC Markets MT4 / MT5 Availability | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | MT4 and MT5 trading platforms are available by IC Markets = 2.0% |
| 4.5 IC Markets Mobile Trading | 2.00% | Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices | 1.00% | MT4 App for iPhone, Android = 1.0% |
| 4.6 IC Markets Scalping / Hedging Policy | 1.00% | Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % | 1.00% | Yes to both = 1.0% |
| 4.7 IC Markets Customer Service | 4.00% | 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % | 3.00% | 24/5 Customer service = 0%, eMail, Phone, Live Chat = 3.0% |
| 4.8 (+) ADJUSTMENTS | ||||
| 4.8.1 IC Markets PAMM / Managed Accounts | 0.50% | PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % | 0.50% | PAMM accounts are available by ICMarkets = +0.5% |
| 4.8.2 IC Markets API Trading | 0.50% | Yes = 0.5 % / No = 0 % | 0.50% | FIX/API is available by IC Markets = 0.5% |
IC Markets Special Metrics
These are the special metrics for IC Markets according to the three categories of trading experience.
| SPECIAL METRICS | ||
| Based on Separated Sub-Formulas | RATING (100%) | |
| IC Markets Overall Rating | 73.05% | |
| Forex Beginners | 71.67% | |
| Advanced Traders | 73.12% | |
| Pro Traders | 73.35% | |
» IC Markets Real & Demo Accounts
■ IC Markets Rating Review
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