- How to open IC Markets’ cTrader Forex account?
- Who is IC Markets
- What is cTrader the ECN trading platform?
- What does cTrader trading platform offer?
- Benefits of ECN Forex trading on cTrader
- Automated FX Trading on cTrader
- Why you should invest with IC Markets?
- IC Markets MAM and PAMM – Money Managers Program
How to open IC Markets’ cTrader Forex account?
Follow the steps below to open IC Markets cTrader Forex trading account today.
- Signup for IC Markets in the registration page
- Receive confirmation emails with cTrader login credentials
- Go to “Client Login” from IC Markets Official Website
- Make a deposit to your cTrader account
- Download cTrader trading platform from IC Markets Official Website
- Login to cTrader and start trading
At IC Markets, advanced trading tools, 24-hour customer support, and the cTrader trading platform are all part of their commitment to offer the best resources available to the individual investor.
With IC Markets, retail and professional traders have access to the global foreign exchange market with the reassurance of trading with a market leader committed to fair and transparent execution and pricing.
IC Markets’ unique ECN trading environment offers individual traders the same professional liquidity, execution, and trading functionality demanded by interbank traders.
Who is IC Markets
IC Markets provides Direct Processing (STP) and provides and develops a wide range of technology and services to trade currencies.
IC Markets’s position is that the “Direct Process” allows customers to take advantage of many benefits to operate with a free model of intervention of brokers.
Being a company of ECN technology, IC Markets provides total transparency, superior execution and anonymity.
This is possible as a result of IC Markets’ direct and competitive prices for the sale and purchase, allowing the customer orders are executed automatically by IC Markets’ market network.
This allows an environment to operate without re-quotes and without disadvantaging any investor or automatic investment system, including “scalpers”.
This has allowed IC Markets create a unique environment to operate that offers individual traders the same liquidity, performance and functionality demanded by professional racers banks.
IC Markets believes that their success is intimately tied to the success of the investors.
With this in mind, we encourage you to join the rapidly growing list of investors who have discovered the advantages of trading currencies with IC Markets.
We are confident that as you learn more about IC Markets, you decide that IC Markets provides the platform for you.
Do not hesitate to contact IC Markets’ customer service department to assess its options here in IC Markets.
What is cTrader the ECN trading platform?
cTrader is an advanced trading platform allowing its users to simultaneously connect and access to multiple trading-feeds, FX portals and data Feeds coming from different financial institutions.
The multiple connectivity capability, allow its users to access and trade on a wide range of financial products both exchange based (like Electronic Futures), and OTC derivatives such as Forex Electronic Communication Networks (ECNs), Binary Options traded on Nadex and Centrally Cleared Contracts For Difference (CFDs) and FX products through the LMAX MTF.
On the platform, each connection to a data feed is independent from the others.
Furthermore, the multiple connectivity capability does not depend from the technology offered.
For Example, a user can connect simultaneously to Currenex, with liquidity deriving from 2 different liquidity providers.
Even if the platform allows multiple streams from different data-feeds, risk, position management, reporting, and account management are conveniently maintained separated by the platform.
Benefits of ECN Forex trading on cTrader
Besides the main trading account types IC Markets invites you to try services for professional traders.
ECN-accounts allow you to trade on the interbank and guarantee high order execution speeds.
These and many more advantages of trading are available with minimum deposit of $100.
Few of the main features of ECN-trading are:
- Direct access to interbank currency exchange market.
- Elimination of dealer-client conflict of interests: broker acts only as an intermediary within the frame of trading operations on the financial market (Non Dealing Desk technology (NDD)).
- Minimum and transparent commission.
- Split-second execution of trading orders at the speed from 0.3 second.
- One-click trading technology offers the unique possibility of placing market orders in conventional trading platform with a single click.
- Access to the 2nd level of prices and corresponding market volumes (Level 2)
- Trading with the 5th digit allowing to receive more precise quotes and, thus, the possibility to earn from minimal financial market fluctuation.
- Small spreads from 0.0 points
- Almost complete absence of slippage and re-quotes.
- Absolute confidentiality and transaction data security
What does cTrader trading platform offer?
cTrader is a full cycle system able to satisfy the needs of most sophisticated traders.
Aside the multi-broker, multi-product, the software features several advanced tools, along with an high level of customization.
For example, the look and feel of the platform, can be customized through the use of GUI skins, or by saving complex work spaces.
cTrader features a robust charting system with several visualization styles and an advanced back-testing module which includes several strategy reports.
For manual traders, the software features visual trading from the Charts, including the possibility to click and trade, or trading from the Market Depth, a vertical display of the market (vertical ladder view) where orders can be managed and built on a single scaled system while maintaining fully FIFO, LIFO or hedged position management.
Automated FX Trading on cTrader
For automated traders, the software features the cTDN.
The language is able to load at runtime external DLLs or libraries and read C#.
For algo and institutional traders the software offers the option to execute through the existing API or to connect external application using the remoting option.
Furthermore, the platform features can be expanded through the use of several external plug-ins, which can be downloaded from the cTrader application store.
Because of its unique multi-connection capabilities, the final user will be able to aggregate liquidity, creating custom data-feeds for OTC based products through the proprietary cTrader technology, or build complex spreads and arbitrage opportunities even on financial products or different nature.
Why you should invest in Forex with IC Markets?
As a primary market maker in foreign currency trading, IC Markets is able to offer trading access and forex services that were not always available to those interested in speculating in the currency market.
Today, the range of transaction sizes offered makes the currency market extremely accessible.
IC Markets lets you trade foreign exchange with as little as $100 and lot sizes of 1,000 units, up to trades of almost any size on MT4, MT5 and cTrader trading platforms.
While it is important to understand that currency trading is not conducted on a regulated exchange, and as a result there are associated risks with forex trading, traditional barriers that exist in other markets are removed, providing more trading freedom.
It was not until market makers like IC Markets entered the picture that individuals were able trade on the same rates and price movements as the large players who once dominated the forex market.
1. Invest for 24 hours a day and 5.5 days a week
On IC Markets cTrader, the forex market is open 24 hours a day, 5.5 days a week.
Because of the decentralized clearing of trades and overlap of major financial markets throughout the world, the forex market remains open, thus creating trading volume throughout the day and overnight.
In some markets, available trading hours are dictated by the trading schedule of the exchange-floor and the local time-zone.
This limits market open times.
2. Deep Liquidity
Forex is the most liquid market in the world, eclipsing all others in comparison.
Because currency is the basis of all world commerce, exchange activities are constant. Liquidity – particularly in the majors – often does not dry up during “slow times.”
On other markets, liquidity can be greatly diminished after market hours, or when many market participants limit their trading or move to markets that are more popular.
3. Low Cost and Low Commission
All you pay is the spread, which is built into the buy and sell prices – although brokers like IC Markets are compensated by revenues from their activities as a currency dealer.
On other markets, traders are charged multiple fees, such as commissions, clearing fees, exchange fees and government fees as well as platform and charting fees.
4. High Leverage and Low Requirement
One consistent margin rate 24 hours a day allows forex traders to leverage their capital, as much as 500:1.
In fact, IC Markets’ mini accounts allow traders to begin with as little as $100 and 500:1 leverage.
It is important to know that without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains.
On other markets, trading restricted by large minimum capital requirements – sometimes as high as $50,000 – and high margin rates.
Margin requirements can be as much as 50 percent of your capital in order to take a position.
5. Profitable opportunity from any kinds of market movements
No restrictions on short-selling (placing a sell order when you think the market will trend down), because you are simultaneously buying one currency while selling another.
IC Markets offers multiple order types, including stop orders and trailing stop orders to help you manage your trading equity, which you can use even when short selling.
6. News Time Trading with one click order board
IC Markets does allow trading during the news.
However, we wish to warn clients of the dangers associated with such, namely During major Geo Political News releases markets may become extremely volatile.
Due to potential price gaps, IC Markets cannot guarantee fills during news releases.
Orders may be filled at the next available price and will not always be filled at the requested price or stop.
News releases may also cause wider spreads than are typically seen during normal trading hours.
We advise traders to use discretion when trading during the news.
IC Markets MAM and PAMM – Money Managers Program
IC Markets’ money managers’ software provides managers with an array of trading and administrative solutions.
Money managers are given the ability to trade multiple accounts with one-click market execution.
IC Markets also provides the ongoing back-office support to set-up accounts by percentage allocation, while drastically reducing your administrative work leaving the task of trading to you.
Money managers can recognize significant benefit in their relationships by trading with an ECN non-dealing model and eliminating any potential for conflicts of interest.
Percent Allocation Money Managers, ability to trade multiple accounts from one master account using a percentage-based allocation.
Competitive spreads and quality execution through our trading relationships and our stature as one of the most respected FX ECN firms.
IC Markets offers its professional clients consistent liquidity, highly competitive spreads, and quality execution.
IC Markets provides everything investors and money managers need
With Real-time back-office support as a money manager, you can rely on IC Markets’ dedicated account management specialists to assist with quick and efficient customer on-boarding, as well as constant back-office support.
IC Markets performs all the operational duties so you can focus on trading.
Individual clients can log into their trading platform and view in real-time all open positions, Profit and Loss, and trading history 24 hours a day.
Real time reporting for you and your clients provides complete account transparency.
Flexible Fee structures that work for you and your clients.
You can choose from a cash or pip based fee structure, a management and performance fee structure, and even refine it on a per-client or per-trade basis.