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
The sum of each Main Factor of IC Markets Rating Analysis (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
Analysis of each Sub-Factor forming IC Markets total rating result.
| RATING ANALYSIS IC MARKETS | ||||
| TOTAL RATING | 100.0% | IC Markets Broker | ||
| 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 found 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 contractss = 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. The rating results are based on the different weights of the same formula.
| 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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