Based in Sydney, Australia, IC Markets ranks as one of the largest forex CFD providers globally by daily trade volume thanks to over $15 billion in foreign exchange turnover via over 500,000 orders executed daily. Regulated by the Cyprus Securities and Exchange Commission, the Australian Securities and Investments Commission, as well as the Financial Services Authority (St Vincent & the Grenadines), the broker currently accepts clients from more than 140 countries around the world and boasts more than 100,000 active clients.
IC Markets offers tight variable spreads to its users, which start from 0.0 pips on major FX pairs. The broker is well-known for its ultra-fast order execution that generally processes trades in under 40 milliseconds, making it a perfect ecosystem for high-frequency trading, algorithmic strategies, and institutional investors.
Although retail traders will find the minimum deposit of $200 a little higher than other major FX brokers, this is still an accessible sum that invites the participation of newcomers and professionals alike. The broker accepts deposits via a wide range of methods including credit and debit cards, bank transfers, PayPal, Skrill, Union Pay, and Neteller among others. Furthermore, all customer funds are kept in segregated accounts and fully insured to provide an extra layer of security.