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IC Markets was founded in January 2007, emerging from a vision to bridge the gap between retail and institutional traders. The company was established by a team of financial professionals who previously contributed to the success of one of Australia's largest CFD and forex providers.
IC Markets operates under the ownership of Raw Trading Ltd, which is a private entity. The company maintains a structure that emphasizes transparency and regulatory compliance, ensuring that it adheres to the highest standards in the financial services industry.
The headquarters of IC Markets is located in Sydney, Australia. This strategic location allows the company to operate in a financial hub that is recognized for its robust regulatory framework.
IC Markets has expanded its operations globally, providing services to clients across various regions, including Europe, Asia, Africa, and North America. The company's global reach is facilitated through multiple regulatory licenses and a diverse range of trading products.
IC Markets is regulated by several prominent authorities, including:
These regulatory bodies ensure that IC Markets adheres to strict financial standards and operational guidelines.
IC Markets has continuously evolved its services to meet the demands of both retail and institutional traders. The introduction of new trading platforms, such as cTrader and the expansion of its product offerings, has been pivotal in attracting a diverse clientele.
As of 2023, IC Markets boasts over 200,000 active clients worldwide, reflecting its strong reputation in the trading community. The company has experienced significant growth in customer acquisition, driven by its competitive pricing and robust trading environment.
IC Markets has invested heavily in technology, launching platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. These platforms have been optimized for speed and reliability, catering to the needs of high-frequency and algorithmic traders.
IC Markets has garnered numerous accolades for its services, including recognition as one of the top forex brokers in various industry awards. It has been particularly noted for its competitive spreads, execution speeds, and customer service.
IC Markets provides access to over 60 currency pairs, including major, minor, and exotic pairs. This extensive selection allows traders to engage in various trading strategies, from scalping to long-term investing.
While IC Markets primarily focuses on forex and CFDs, it offers trading in stocks through its IC Shares platform. This allows clients to trade shares from major global exchanges, although the offering is primarily limited to Australian stocks for traders based in Australia.
The company offers a wide range of CFD products, including:
In addition to the aforementioned products, IC Markets provides access to futures contracts and a variety of other financial instruments, allowing for diverse trading opportunities.
IC Markets is particularly known for its:
IC Markets is regulated by the following bodies:
IC Markets operates through different entities based on the region:
Client funds are held in segregated accounts with top-tier banks, ensuring that they are protected and not used for operational expenses. Additionally, IC Markets maintains indemnity insurance to further safeguard client assets.
IC Markets serves clients globally, with a significant presence in regions such as:
However, it does not accept clients from certain jurisdictions, including the United States and Canada.
IC Markets has maintained a strong compliance record since its inception. The company undergoes regular audits and adheres to the stringent requirements set by its regulatory bodies.
IC Markets faces competition from several notable brokers in the forex and CFD trading space, including:
IC Markets positions itself as a leading ECN broker, catering primarily to high-frequency and algorithmic traders. Its focus on low latency and competitive pricing distinguishes it from traditional market makers.
IC Markets stands out in the crowded broker landscape due to:
In conclusion, IC Markets has established itself as a reputable and competitive player in the forex and CFD trading industry. With a strong regulatory framework, a diverse range of trading products, and a commitment to technological innovation, IC Markets continues to attract traders from around the globe. For those interested in learning more about IC Markets and its offerings, further research is encouraged.
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