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Most frequently asked questions
Here are the most common questions a trader would normally ask us or consider to ask before opening an account with us. For more information on help resources related to IC Markets and the products we offer, simply type your question below or visit our live chat service.
Raw Spread Account: This account shows the Raw inter-bank spread received from our liquidity providers. There is a commission charge of $7 per standard lot round turn.
Standard Account: We do not charge a commission on Standard accounts but instead, there is a mark up applied to the spread of 0.8 pip above the raw Inter-bank rate received from our Liquidity providers.
Further information about the different types of trading accounts available can be found on our Account Overview page.
IC Markets has two MetaTrader account types, a Standard account and our market leading, The Raw Spread account. IC Markets does not charge a commission on Standard accounts but instead applies a spread mark up of 0.8 pip above the Raw inter-bank prices received from our liquidity providers. IC Markets Raw Spread account shows the raw inter-bank spread received from our liquidity providers. On this account we commission of $7 per standard lot round turn.
Below are commission rates for different base currency accounts:
AUD | 9.00 round turn |
USD | 7.00 round turn |
EUR | 6.50 round turn |
GBP | 5.50 round turn |
SGD | 9.50 round turn |
JPY | 1100.00 round turn |
CHF | 6.60 round turn |
NZD | 12.00 round turn |
HKD | 54.25 round turn |
CAD | 9.50 round turn |
To find more about products offering click here: range of products.
We also strongly suggest to thoroughly read our Product Disclosure Statement and Account Terms available for the attached costs, risks and your responsibilities before deciding to trade with us.
ECN: ECN stands for 'Electronic Communication Network' which is simply a technical term that is used to describe how banks and liquidity providers connect to each other to form a bid and offer price. In the Forex industry, it can be used to identify providers who use this type of pricing mechanism in order to offer raw interbank pricing to retail traders. Under this model your broker will stream raw prices and your trades will be offset with another client, a liquidity provider or held internally by the broker. This usually results in faster trade execution. This is distinct from order execution that may result in an offsetting order placed with a liquidity provider.
STP: This term stands for Straight Through Processing and is used when a Forex and CFD provider processes all trades at market prices obtained from liquidity provider(s) not on prices created by the broker themselves. This is not dissimilar to the ECN pricing model in that there is no dealing desk intervention when the trade is processed.
Market Maker: In Australia all Forex and CFD providers including IC Markets have the market making authorisation on their AFS licence, however many do not consider themselves market makers. Typically, market makers operate a dealing desk in order to create their own prices, these prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market.
IC Markets is the issuer of the products it provides. We consider ourselves to be a forex provider offering the ECN pricing model as we source our pricing from external liquidity providers via an ECN, these prices are passed onto you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed we do not offset each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.
Once your on-line application form has been approved by our accounts team you will be emailed your trading account login details and password.
How do I get help?
Simply type your question in the search box above to get instant answers.
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Questions about IC Markets
The security information must be kept private and should not be saved on a shared or public device.
Please reach our support to notify the incident so appropriate measures are applied from our end at the earliest possible.
Questions about Trading with IC Markets
Opening time: 00:01 MetaTrader 4 Server Time (Monday)
Closing time: 23:57 MetaTrader 4 Server Time (Friday)
Please note the times of certain instruments may vary, all trading times can be found in our product specifications.
The table below outlines the dates on which the server time is changed to reflect daylight savings each year.
Year DST Commencement Date DST Ending Date
2018 11th March 4th November
2019 10th March 3rd November
Daylight saving time begins at 2 am on the second Sunday in March and ends at 2 am on the first Sunday in November.
The trading hours for gold (XAUUSD) are:
Opening time: 01:02 MetaTrader 4 Server Time
Closing time: 23:57 MetaTrader 4 Server Time
The trading hours for silver (XAGUSD) are:
Opening time: 01:00 MetaTrader 4 Server Time
Closing time: 23:59 (Friday 23:57) MetaTrader 4 Server Time
- Bank / Wire Transfer
- Credit Card
- Skrill
- Webmoney
- (Neteller
Our funding page provides further information about each method that we offer.
Domestic wire transfers and Bpay normally take one to two business days. For international bank transfers, please allow up to three to five working days.
Once your on-line application form has been approved by our accounts team you will be emailed your trading account login details and password.
Identification must be provided in the form of photo ID and proof of address to verify your identity.
Photo ID
• Must be clear and visible
• Must be issued by a government agency
• Name, signature, expiry date and date of birth* must be clear
* Please note IC Markets does not accept account applications from any persons under the age of 18
Proof of Address
• Must not be older than 3 months
• Must show the same name and address as your account application
Our anti-money laundering policy contains further information regarding our identification requirements.
ECN: ECN stands for 'Electronic Communication Network', which is simply a technical term that is used to describe how banks and liquidity providers connect to each other to form bid and offer prices. In the Forex industry, it can be used to identify providers who use this type of pricing mechanism in order to offer raw interbank pricing to retail traders. Under this model your broker will stream raw prices and your trades will be offset with another client or liquidity provider, or held internally by the broker. This usually results in faster trade execution. This is distinct from order execution, which may result in an offsetting order placed with a liquidity provider.
STP: This term stands for 'Straight Through Processing' and is used when a Forex and CFD provider process all trades at market prices obtained from a liquidity provider. This price is simply passed on by the broker. This is not dissimilar to the ECN pricing model in that the price is not altered and there is no dealing desk intervention when the trade is processed; hence, it is known as STP.
Market Maker: In Australia all Forex and CFD providers, including IC Markets, have the market making authorization on their AFS licence; however, many do not consider themselves market makers. Typically, market makers operate a dealing desk in order to create their own prices. These prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market.
IC Markets is the issuer of the products it provides. We consider ourselves to be a Forex provider offering the ECN pricing model as we source our pricing from external liquidity providers. These prices are passed on to you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed, we do not hedge each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.
We do not operate a proprietary trading book, we source our prices from external liquidity providers or directly, these prices are then passed onto you with no dealing desk intervention.
Although IC Markets’ prices come from its liquidity providers and IC Market is not practically involved in the making of the price, it is simply streaming prices which it receives; the prices nonetheless become IC Markets’ when it provides them to clients to execute on. This is the case for all derivative products which IC Markets offers to its clients.
If you trade 100,000 (1.00)
Commission is $3.50 for opening, and $3.50 for closing; $7.00 for the full round-turn
If you trade 10,000 (0.10)
Commission is $0.35 for opening, and $0.35 for closing; $0.70 for the full round-turn
If you trade 1,000 (0.01)
Commission is $0.035 for opening, and $0.035 for closing; $0.070 for the full round-turn
On MT4 all commission charge for a position is applied at the opening of the trade.
On MT5 commission is charged per side (opening/closing).
*On MT5 the commission column is not rounded up to 3 decimal places but to 2 decimal places only. Thus, commission on a micro lot size $0.035 per side is rounded to $0.04
Technically, when you buy a product at IC Markets, we are selling that product to you. It is not possible for you to buy that product at the exchange directly to complete the transaction due to the attached requirements for higher trade sizes, and margin costs, etc., thus, it has to be dealt with IC Markets on a principal basis alone.
Typically, market makers are considered to be Forex and CFD providers who operate a dealing desk in order to create their own prices, these prices can be based on their own proprietary trading positions or overall risk exposure and may not reflect the prices in the underlying market. In Australia all Forex and CFD providers have market making authorization on their AFS license however many do not operate in the manner described above and do not consider themselves market makers.
The reason why we are one of the largest and most successful Forex CFD provider in the world is our Tight and Low Spread. Therefore we decided to communicate our strengths even better with this new account name. Nothing else changed. We decided to keep our product offerings as simple as possible for our clients to understand what exactly they’ll be receiving.
Swap rates can also be found within the MetaTrader 4 platform, simply go to the market watch and right click on an instrument and select Specifications. A new window will then open and the swap rates will be displayed.
The trade has to be rolled through the weekend, because banks are closed on Saturday and Sunday. Triple rollover interest is applied to FX trades open at 5pm New York Time on Wednesday, because that marks the beginning of the new 24-hour trading day (Thursday) in the global FX market. Important to note that, it's not always a charge and you can also earn.
- Refering to BID prices in the case of a Sell position;
- Refering to the chart prices only and not refering to the prices with set mark ups in the case of Buy positions under a Standard account.
Our team can help check this further for you should you like to reach us at support@icmarkets.com.au mentioning the specific aaccount and trade order details.
https://cdn.icmarkets.com/uploads/CFD-PDS.pdf
Questions about the Forex Market
En este ejemplo, Mary deposita 5.000 $ en su cuenta de trading de Forex y configura el apalancamiento de su cuenta en 1:30. Gracias al apalancamiento, el poder comprador de Mary a partir de su depósito de 5.000 $ es de 150.000 $. Mary decide comprar 0,1 lotes del par AUD/USD a un precio de 0,99802. Tres días después, el precio del AUD/USD está en 1,04069 y Mary decide cerrar su posición. El beneficio de Mary se calcula como (1,04069 – 0,99802) 426 pips . Como Mary abrió una posición de 0,1 lotes, consiguió unas ganancias de 426 $ o 1 $ por pip.
Por supuesto, si el AUD/USD se hubiese movido en contra de Mary por debajo del precio de apertura de su operación al nivel de 0,97802, Mary hubiese incurrido en unas pérdidas en la operación de (0,99802 – 0,95542) 426 pips. Como la posición de Mary era de 0,1 lotes, hubiese sufrido una pérdida de 426 $ o 1 $ por pip.
Es importante recordar que, al operar Forex, es posible sufrir pérdidas mayores a las de su depósito inicial.
Understanding MetaTrader 4 problems
Understanding platforms
Open your MT4 platform and select File – Login to Trade Account.
In the login box enter your account number. Make sure to enter your password correctly, if you are copying and pasting make sure not to copy any extra spaces over.
From the drop down menu select the relevant server that was listed in the email.
If you cannot see the server, simply type it manually as live(server number).icmarkets.com and select Login.
You’ll see your connection status update in the bottom right hand corner of the platform.
If the connections status shows ‘invalid account’, make sure your password was entered correctly. If it shows ‘no connection’, double check the server address was entered correctly.
Your cTrader ID will be automatically created for you once your cTrader account is approved.
You will receive an email with the subject heading ‘Welcome to cTrader ID’. Select ‘Confirm cTrader ID’.
You can now sign in to the cTrader platform using your email address and the password from the welcome email.
Once you have logged in you will see your IC Markets trading account is automatically linked.
If you open an additional cTrader account, it will be automatically linked to your cTID and you will see it available the next time you login to the platform.
- Go to settings
- Click on trade accounts
- Then click on the small plus sign
- Login to an existing account
- Search for the server
- Select the correct server for your account
- Enter your login credentials
- Download and save the file.
- Identify if the file is archived or in its normal format (right click on the file and select Properties, at the top it will say if it is a MetaQuotes Language 4 file. If it is not, it is most likely an archive)
- If the file is archived or zipped, make sure to unzip the file.
- Now open your MT4 platform. At the menu bar, click File > Open Data Folder
- Double click the ‘MQL4’ folder and then open the ‘Experts’ folder.
- Now go back to where you downloaded your Expert Advisors and drag them into the open ‘Experts’ Folder.
- Once done, close all windows.
- Restart MetaTrader 4 platform and the EAs should appear in your ‘Navigator’ panel.
With IC Markets, the margin call level is 100% and the stop out level is 50%. This means that, as soon as the margin level drops to 100%, you will see a margin call that is an indication to take an appropriate measure on the account by either reducing the exposure or funding the account further. If the margin level drops further to or below 50% system will automatically start closing out positions to bring back the margin level to a reasonable level.
Commissions have slight differences, but all other aspects are pretty much the same.
You can apply for a sponsored VPS package here: https://secure.icmarkets.com/Vps
- “open order”
- “close order”
- “pending order”
- “no money”
Please check your account and make the changes necessary to lower your server messages.
Go to Tools, Options, Server, Select "Change". Enter current (master) password, tick "Change Investor" (read-only) password and enter your desired password.
Start your MetaTrader 4 terminal
Go to: File -> Open Data Folder -> Logs, where you will find the log files from your MT4 Journals tab.
- too many indicators installed and used on charts
- too many charts opened same time
- any extra software, such as EA
- small RAM on your PC
- large influx in the amount of data being received at your platform
We can advise to install a separate platform, and run the new platform without any EAs and indicators, and see if it fixes the problem. You amy contact our team who will be able to traoubleshoot the problem for you.
To change the password on the platform, select Tools - Options - Server Tab and then the ‘Change’ button.
Enter your current password and make sure ‘Change Master Password’ is checked.
Enter your new password, ensuring it is a minimum of five characters long and is a combination of upper and lowercase letters and digits. Confirm the password in the second box and select OK. The change was successful if no error messages appear.
If you have forgotten or lost your password you can reset it via your Secure Client Area. Sign in and select ‘Change Trading Account Password’. Enter and Confirm your new password and select Save. You will also receive an email confirming the change was successful.
MT4 is a much older platform but has a great deal of support and features available online and through the MetaQuotes. There is also a vast range of custom indicators and Expert Advisors readily available for MT4.
Set the new password and confirm the details.
Click "Save" to apply the changes.
LiveXX.icmarkets.com , where XX stands for the live server number. For example, 15 for ICMarkets-Live15. The server details can also be found under the login credential email or the platform credentials link in your secure client area.
For the inbuilt option, please follow below steps:
- Go to Tools
- Click on Options
- Switch to "Notifications" tab and update the settings as required.
Go to Tools and then Options
Go to Server tab and clock on "Change" button in front of Login and Password fields.
Enter current (master) password, opt for "Change master password" and enter your desired new password.
Click "Ok" to confirm resetting the account's master password.
Questions about Trading Forex Online
El margen se calcula usando la siguiente fórmula:
Margen requerido = (precio actual de mercado x volumen) / Apalancamiento de la cuenta
En la práctica, esto se calcularía así:
Si abre una posición de 0,1 (10.000) en el EUR/USD a un precio de 1,35646 y su cuenta tiene un apalancamiento de 1:30, calcularía el margen requerido de esta manera:
(1,35645 x 10.000) / 30 = 452,15 $
En este ejemplo, el margen de esta posición sería 452,15 $; por lo tanto, para poder abrir una posición de este tamaño necesitará al menos 452,15 $ de margen libre su cuenta de trading.
El nivel de stop out se calcula usando la siguiente fórmula.
Nivel de margen = equidad / margen usado x 100%
= nivel de margen %
Ejemplo trabajado
El margen en una cuenta de trading con una equidad de 10.000 $ con una posición abierta de un lote estándar en el USD/JPY y apalancada 30 veces, se calcularía así:
= 10.000 / 3.333,33 x 100%
= 300% nivel de margen
Si la posición se mueve en su contra y su equidad cae a 5.000 $, el cálculo sería:
= 5.000 / 3.333,33 x 100%
= 150% nivel de margen
Si la posición se moviese aún más en su contra y la equidad bajase a 1.663,33 $, la posición se cerraría automáticamente porque el nivel de margen habría caído por debajo del 100%.
= 1.663,33 / 3.333,33 x 100%
= 49,9% nivel de margen
If Margin Level, falls below Smart Stop Out Level then positions will start being closed partially until Margin Level reaches above Smart Stop Out. The logic of Smart Stop Out will only close what is absolutely necessary from the largest position in order to safely restore Margin Level and protect the position itself, the position entry point and the trading account for as long as possible.
Read more information in cTrader Smart Stop Out page.
By way of example if you BUY 1 standard lot or 100,000 units of EUR against USD you are entering into a ‘long’ position. If on the other hand you sell 1 standard lot of 100,000 units of AUD against USD you are entering into a ‘short’ position.
Events such as markets gapping over the weekend or on major holidays where liquidity is thin can increase the chance of your positions being stopped out and a negative equity situation occurring We advise that you use stop loss orders to limit your risk and you monitor the margin level in your account regularly. You will be responsible for any negative balance in your trading account.
Stop Loss orders when triggered enter the market as market orders, therefore their is no guarantee that your order will be filled at the price you place your stop loss.
The instructions below explain how a ping test can be conducted
Step 1 : On your computer go to the start menu and type 'CMD' in the 'search programs and files' feild.
Step 2 : Type in the word 'ping' followed by a blank space and the IP address of the server you wish to ping.
Step 3 : The bottom line on the resulting output will show in milliseconds the minimum, maximum and average time it too to send and receive data from your computer to the server.
A pending order is broken up into six types:
- Buy Limit
- Sell Limit
- Buy Stop
- Sell Stop
- Buy Stop Limit
- Sell Stop Limit
Key point to note is that trailing stops only move if the price moves favorably. Once it moves to lock in a profit or reduce a loss, it doesn't move back the other way.
Alternatively, you may directly subscribe to the signals from MT4 platform.
Questions about trading CFDs Online
Account Application
Company Information:
1. Copy of your Companies Constitution or Articles or Incorporation
2. Company Proof of Address (Utility Bill or Bank Statement not older than 3 months)
3. Photo ID of at Least One Director
4. Proof of Residence of at Least One Director
5. LEI registration number (a unique identifier for persons that are legal entities and were created for global identification purposes.)
The following are acceptable forms of photo identification:
- Valid Passport
- Valid Government ID such as a Drivers Licence or State ID
- Valid National Identity Card
The following are acceptable forms of proof of residence:
- Utility or Phone Bill or Bank Statement
All proof of residences must be current and not older than 90 days.
If you have already provided us with your Company Information, Company Proof of Address, Directors Photo ID and Directors Proof of Residence you do not need to provide us with this information again.
Once your individual accounts are open, please send us an email at support@icmarkets.com.au requesting to create a joint account for you and the other participant. Please note that both parties need to agree in order to proceed with the joint application.
Company Information:
1. Copy of your Companies Constitution or Articles or Incorporation
2. Company Proof of Address
(Utility Bill or Bank Statement not older than 3 months)
3. Photo ID of at Least One Director
4. Proof of Residence of at Least One Director
The following are acceptable forms of photo identification:
Valid Passport
Valid Government ID such as a Drivers Licence or State ID
Valid National Identity Card
The following are acceptable forms of proof of residence:
Utility or Phone Bill or Bank Statement
All proof of residences must be current and not older than 90 days.
If you have already provided us with your Company Information, Company Proof of Address, Directors Photo ID and Directors Proof of Residence you do not need to provide us with this information again.
Client Area
https://secure.icmarkets.com/OpenAccount/OpenDemoAccount
To create an additional live account, you may click here: https://secure.icmarkets.com/OpenAccount/OpenRealAccount
If you have funded your account by:
Deposit via Debit/Credit card - Withdraw back by Visa/Mastercard Direct or bank wire
Deposit via Safecharge 3D-Secure card - Withdraw deposit fund back by SafeCharge
Deposit via 3D-Secure Verified by Visa / MasterCard Securecode - Withdraw back by Visa/Mastercard Direct or bank wire
Deposit via Fasapay/Bank Transfer/Broker to Broker/Bitcoin - Withdraw by bankwire (20 AUD Bank fee)
Deposit via Neteller - Withdraw by Neteller (free of charge)
Deposit via Skrill - Withdraw by Skrill (free of charge)
Deposit via Paypal - Withdraw by Paypal (free of charge)
1. Login to the secure client portal.
https://secure.icmarkets.com
2. Select "Profile" section - > click in Change Trading account password. Here is the link: https://secure.icmarkets.com/Finance/AccountSummaryPage?changePassword=true
The system will send you a temporary password to the email address you registered with us. Please use the link provided in the email to login with your temporary password.
You should however be aware that you may incur fees on payments by some international banking institutions. IC Markets accepts no responsibility for any such bank fees.
First login to your Secure Client Area and select Transfers – Deposit Funds and then ‘Fund Now by Credit Card’
Select Add New Credit/Debit card and then enter the requested details. Upload a copy of the card and then we will approve it as quickly as possible for you. We can accept either a scanned copy or a clear photograph.
Once the card is approved, you can make instant deposits anytime.
Preguntas frecuentes de TradingView
Abrir una cuenta TradingView es muy sencillo. Visita TradingView para abrir una cuenta gratuita o por suscripción hoy mismo..
Solo se puede operar en TradingView con nuestra cuenta cTrader Raw.
Puedes transferir fondos desde tu Área Segura de Cliente a tu cuenta TradingView. Puedes obtener más información acerca de la financiación y la retirada de fondos aquí..
¡Sí puedes! Puedes operar con una cuenta Demo mientras tu cuenta real está en espera de ser aprobada.
Puedes abrir una cuenta Demo TradingView en tu Área Segura de Cliente o en TradingView. Una vez que hayas iniciado sesión en TradingView , puedes conectarte utilizando el panel de negociación, tal y como lo harías con tu cuenta real
En la actualidad, solo un tipo de cuenta está disponible. Estamos mejorando nuestros servicios de forma continua para asegurar que tengan acceso a todas las opciones disponibles
Si eres un usuario existente de cTrader, puedes acceder a tu posición y continuar operando como de costumbre. La integración con TradingView no afectará a la cuenta cTrader ya existente.