IC Markets Company

IC Markets Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

IC Markets was founded in 2007 by a group of professionals in the financial services industry with the aim of bridging the gap between retail and institutional traders. The company is recognized as one of the largest and most reputable ECN (Electronic Communication Network) forex brokers globally.

Parent Company/Ownership Structure

IC Markets is a privately owned company, which allows it to maintain a flexible and innovative approach to its services. The management team comprises individuals with extensive experience in the forex, CFD, and equity markets.

Headquarters Location

The company is headquartered in Sydney, Australia, which positions it strategically within one of the worlds leading financial centers.

Global Business Scope

IC Markets operates on a global scale, offering its services to clients in various countries around the world. The broker has established a robust online trading platform that caters to both active traders and those new to the forex market.

Main Regulatory Bodies

IC Markets is regulated by several reputable bodies, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulatory frameworks ensure that the company adheres to strict operational standards and provides a secure trading environment for its clients.

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2. Company History and Development

Key Milestones

Since its inception in 2007, IC Markets has achieved significant milestones, including the launch of its ECN trading accounts, which provide clients with access to raw interbank pricing and low spreads. The company has continually enhanced its trading technology and infrastructure to offer superior services.

Business Expansion Journey

IC Markets has expanded its offerings over the years, introducing various account types and trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. This expansion has enabled the broker to cater to a diverse range of trading styles and preferences.

Customer Base Growth

The broker has witnessed substantial growth in its customer base, reaching over 200,000 active clients worldwide. This growth is attributed to its competitive pricing, advanced trading technology, and exceptional customer service.

Platform Development History

IC Markets has invested heavily in technology to enhance its trading platforms. The integration of advanced trading tools, such as a one-click trading module, depth of market (DOM), and automated trading features, has improved the trading experience for its users.

Important Awards or Recognitions Received

Over the years, IC Markets has received various accolades for its services, including recognition for its low spreads and superior execution speeds. The broker has consistently ranked among the top forex brokers in industry reviews.

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3. Trading Services Offered

Forex Trading Options

IC Markets provides access to over 60 currency pairs, including major, minor, and exotic pairs. This wide range allows traders to diversify their portfolios and capitalize on various market opportunities.

Stock Trading Options

The broker offers trading in more than 2,100 stock CFDs, providing clients with access to global equity markets. This extensive selection includes shares from major companies across various sectors.

CFD Trading Products

IC Markets offers a broad range of CFD products, including commodities, indices, and cryptocurrencies. This diversity enables traders to engage in various markets and implement different trading strategies.

Other Financial Instruments

In addition to forex and stock trading, IC Markets provides access to cryptocurrency CFDs, allowing clients to trade popular digital currencies like Bitcoin, Ethereum, and Litecoin. The broker also offers commodities such as gold and oil, which are popular among traders seeking to hedge against inflation and market volatility.

Special Services or Unique Advantages

IC Markets is known for its ultra-low spreads, starting from 0.0 pips, and fast execution speeds, with average execution times around 35 milliseconds. The broker also offers a free low-latency VPS service for clients meeting specific trading volume criteria, enhancing the trading experience for algorithmic traders.

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4. Regulatory and Legal Background

Detailed Regulatory Information

IC Markets is regulated by the following bodies:

• Australian Securities and Investments Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)

These regulations ensure that IC Markets operates under strict financial standards and provides a safe trading environment for its clients.

Legal Entity Structure by Region

IC Markets operates through different legal entities based on the region, including:

• IC Markets (ASIC regulated) for clients in Australia and other regions.
• IC Markets (CySEC regulated) for clients in Europe.

Client Fund Protection Measures

IC Markets prioritizes client fund protection by holding client funds in segregated accounts with top-tier banks. This ensures that client funds are protected and cannot be used for any operational expenses.

Countries/Regions Served

IC Markets serves clients globally, with the exception of certain regions such as the United States, where regulations prevent the broker from accepting clients.

Compliance History

IC Markets maintains a strong compliance history, adhering to the regulations set forth by its governing bodies. The broker undergoes regular audits to ensure compliance with financial standards and operational procedures.

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5. Competitive Landscape

Main Competitors

IC Markets faces competition from several other brokers in the forex and CFD trading space, including:

• Pepperstone
• IG Group
• OANDA
• XM Group
• Forex.com

Positioning in the Industry

IC Markets positions itself as a leading ECN broker, known for its low spreads, fast execution speeds, and advanced trading technology. This positioning appeals to both retail and institutional traders seeking a reliable trading partner.

Market Differentiation Factors

IC Markets differentiates itself through its commitment to transparency, offering raw spreads with no requotes and no price manipulation. The broker also provides a diverse range of trading instruments and platforms, catering to various trading styles and preferences.

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In conclusion, IC Markets has established itself as a prominent player in the forex and CFD trading industry, offering a wide range of services backed by robust technology and regulatory compliance. With its commitment to providing a transparent and efficient trading environment, IC Markets continues to attract a diverse clientele from around the world.

For more information about IC Markets and its offerings, learn more.

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