GrandCapital – Info in 2020, review and forum, alternatives

GrandCapital

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

Risk Warning: Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

uTrader

Risk Warning: Your capital is at risk. In the European Economic Area, binary options are only for professional investors. Unqualified customers must leave this website. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

Risk Warning: Your capital is at risk. In the European Economic Area, binary options are only for professional investors. Unqualified customers must leave this website. Please be advised that certain brokers, products, bonus and/or leverage may not be available for traders from some countries due to legal restrictions.

IC Markets Review

IC Markets is an Australian based ECN forex broker that is regulated by the ASIC. Traders have access to a wide variety of instruments in several markets like currencies, while commodity traders are offered a range of energies, metals and agriculturals.

Operating since 2007, IC Markets bills itself as one of the preferred choices for automated traders, with more than two thirds of the 500,000 daily trades made through its New York Equinix NY4 data centre coming from automated trading systems. These data centres, in the NY4 & LD5 data centre in New York & London respectively, as well as dedicated fibre optic cross connects to its ECN and liquidity providers, help to offer traders one of the lowest latency and fastest possible trade executions.

Some of the trading tools available at IC markets include Depth of Market (DoM), inbuilt spread monitoring, ladder trading, automated close of trades with custom order templates, and more. There are also iPhone and Android trading apps available which have been optimised to provide an enhanced mobile trading experience.

• Segregates client funds
• Established in 2007
• Regulated by ASIC
• Min. deposit from €200

• Limited range of instruments
• Not FCA Regulated (See alternatives)

To open a live account, you’ll need a minimum deposit of at least €200. Alternatively, IC Markets offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by ASIC (AFSL #335692). IC Markets puts all client funds in a segregated bank account and uses tier-1 banks for this. IC Markets has been established since 2007, and have a head office in Australia.

Before we dive into some of the more detailed aspects of IC Markets’s spreads, fees, platforms and trading features, you may want to open IC Markets’s website in a new tab by clicking the button below in order to see the latest information directly from IC Markets.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Losses can exceed deposits

What are IC Markets’s spreads & fees?

Like most brokers, IC Markets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on IC Markets’s website. The colour bars show how competitive IC Markets’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Spreads are dynamic and are for informational purposes only.

As you can see, IC Markets’s minimum spread for trading EUR/USD is 1.0 pips – which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with IC Markets vs. similar brokers.

How much does IC Markets charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with IC Markets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $5.21. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

All fees/prices are for informational purposes and are subject to change.

What can you trade with IC Markets?

IC Markets offers over different instruments to trade, including over 60 currency pairs. We’ve summarised all of the different types of instruments offered by IC Markets below, along with the instruments offered by XTB and AvaTrade for comparison.

What’s the IC Markets trading experience like?

1) Platforms and apps

IC Markets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. IC Markets is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of cTrader brokers.

IC Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

Still not sure?

2) Executing Trades

IC Markets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As IC Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a nice bonus, IC Markets are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that IC Markets offers its traders below.

Trading Features:

• Allows scalping
• Allows hedging
• Offers STP
• Low min deposit

Accounts offered:

• Demo account
• Mini account
• Standard account
• Zero spread account
• ECN account
• Islamic account

Funding methods:

• Credit cards
• Bank Transfer
• PayPal
• Skrill
• Neteller

3) Client support

IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, and German.

IC Markets has a BrokerNotes A support rating because IC Markets offer over three languages and email support.live chat support.

4) What you’ll need to open an account with IC Markets

As IC Markets is regulated by ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

• A scanned colour copy of your passport, driving license or national ID
• A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore IC Markets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with IC Markets you can visit their website here.

• Written by Marcus Taylor
• Founder & CEO

Marcus founded BrokerNotes in 2020 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about BrokerNotes & Marcus here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.icmarkets.com/ on 01/04/2020.

IC Markets not quite right?

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