ICG Markets-Some important Details about This Broker

General Information

Registered in the United Kingdom, ICG Markets is forex broker offering a series of trading instruments to both retail and professional traders, including Forex, Metals, Cryptocurrency. Three tired trading accounts are available on the ICG Markets platform, with the minimum deposit to start trading from $100. The maximum trading leverage that investors can use is up to 1:300, a generous offering.

ICG Markets is operated by IC Global LTD, registration number: 23476IB2016. Please note that this forex broker is not authorized or regulated by any regulators, trading with an unregulated forex broker is a surefire way to lose your money.

Market Instruments

With the ICG Markets platform, diversified range of trading instruments can be traded, such as currency pairs, cryptocurrencies, metals, and more.

Account Types

ICG Markets provides three trading accounts to accommodate different traders; trading needs: Basic, Swap-free, and ECN. To open a Basic account, an initial deposit of $100 is all you need if you can bear the risk of trading with an unregulated forex broker. The Swap-free account is designed for Muslim traders, and this types of trading account need a deposit of $500. The ECN account is suitable for professional traders and scalpers who pursue tight spreads, and traders who want to try this account need fund at least $500.

How to open an account with ICG Markets？

Opening an account with ICG Markets is an easy and simple process:

1. Click the “Sign up” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Fund your account and start to trade with this forex broker.

Leverage

Trading leverage varies depending on trading accounts, ranging from 1:100 to 1:300. ICG Markets allows its clients to use leverage of up to 1:300, much higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

As leverage can also cause serious fund losses, it is important for inexperienced traders to choose the proper amount that they feel most at ease.

Spreads & Commissions

Spreads and commissions are tied to what trading accounts you are holding with the ICG Markets platform. The Basic and Swap-free accounts offer a commission-free trading environment, accompanied by average spreads starting at 1.4 pips. The ECN account charges both spreads and commissions, with the minimum spreads starting at 0.9 pips.

Trading Platform

When it comes to trading platforms available, what ICG Markets offers is not the industry-leading MT4 or MT5 trading platform, a web trading terminal instead.

Payment Methods

ICG Markets allows its clients to make deposits and withdrawal through Bank Transfer, VISA, MasterCard, China Union Pay. The minimum deposit and withdrawal amount through Bank Transfer is $ 200, and it charges a fee of $25, withdrawal processing time up to 5 business days.

The minimum deposit through VISA and MasterCard is $100, and its deposit processing time is up to 2 business days, with a fee of 2% charged.

The minimum deposit and withdrawal through China Union Pay is $50, subject to a fee of 2% and it takes one business hour to process deposit and withdrawal.

Customer Support

For any questions or concerns they may have about their accounts or their trading can reach out to ICG Markets through the following methods:

Telephone: +447520640867

Email: queries@icgmarkets.com

Online Communication

A Contact Form

Registered Company Address: P.O. Box 1823, Stoney Ground, Kingstown, VC01 00, St. Vincent & the Grenadines

Risk Warning

There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.

The information presented in this article is intended solely for reference purposes.