What is IC Markets?
IC Markets is an online forex and CFD trading platform that provides traders with access to a range of financial instruments, including forex, commodities, indices, and cryptocurrencies.
The platform offers a range of advanced trading tools and features, including MetaTrader 4 and 5, cTrader, and FIX API.
IC Markets is well known for its fast execution speeds and low spreads, which can help traders to execute trades quickly and at a lower cost.
The platform is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA), which ensures that traders’ funds are safe and secure.
Additionally, IC Markets provides traders with 24/7 customer support, educational resources, and a range of account types to suit different trading styles and experience levels.
Whether you’re a beginner or an experienced trader, IC Markets offers a comprehensive trading platform with advanced features and tools to help you trade effectively and efficiently.
Cryptocurrency trading with IC Markets
IC Markets is an online FX & CFD broker in Australia, which offers ‘Margin Trading’ of Cryptocurrencp pairs through MT4, MT5 and cTrader trading platforms.
By offering ‘Cryptocurrency CFD products‘, IC Markets can provide flexible trading conditions for investors.
Advantages of Crypto-trading with IC Markets are:
- 24/7 market hours
- Both long or short positions available
- Up to 1:20 leverage
The broker also allows Hedging and Scalping of Cryptocurrency trading.
|Symbol Name||Size of 1 lot||Minimum Volume||Maximum Volume||Margin Requirement/Leverage||1 pip value per 1 lot|
|BTCUSD (Bitcoin vs United States Dollar)||1 BTC||0.01||10 lot||20%||0.01 USD|
|BCHUSD (Bitcoin Cash vs United States Dollar)||1BCH||0.01||10 lot||20%||0.01 USD|
|ETHUSD (Ethereum vs United States Dollar)||1 ETH||0.01||10 lot||20%||0.01 USD|
|DSHUSD (Dash Coin vs United States Dollar)||1 DSH||0.01||10 lot||20%||0.01 USD|
|LTCUSD (Lite Coin vs United States Dollar)||1 LTC||0.01||10 lot||20%||0.01 USD|
|XRPUSD (Ripple vs United States Dollar)||1 XRP||0.01||100 lot||20%||0.001 USD|
With IC Markets, you can trade Forex, Commodities, Indices, Bonds, Stocks and Futures, along with the above Cryptocurrency pairs.
How to start trading Cryptocurrency pairs with IC Markets?
To start investing in cryptocurrency markets with IC Markets, the first step is to create an account on their website by providing your personal details and verifying your email address.
After your account is verified, you can fund it with money using a deposit method that suits you best, such as credit/debit cards, bank transfer, or e-wallets.
Next, choose a cryptocurrency that you want to invest in and make sure you have done enough research about it. Decide on a trading strategy that aligns with your risk tolerance and investment goals. You can use several trading strategies when trading cryptocurrencies, including scalping, swing trading, and long-term investing.
Once you have decided on a cryptocurrency and trading strategy, you can place your trade on the IC Markets platform. Select the cryptocurrency you want to trade and choose the amount you want to invest. IC Markets offers several trading tools, such as stop loss, take profit, and trailing stop, which you can use to manage your risk.
After your trade is open, monitor it closely as cryptocurrency markets can be highly volatile. You can use IC Markets’ trading platform to monitor your trades and set alerts for price movements.