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However, if you are scalping or using forex robots and not fussed about commission fees, then you may want to choose the ECN account with raw spreads. On the other hand, stock https://traderoom.info/ traders may take a closer look at the cTrader account. MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities.

  1. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform.
  2. It is also available as a mobile investing app for Android or iOS devices and can be download for free from the relevant app stores.
  3. Users can also easily search for their favourite crypto-currencies and analyze all of the most relevant and up to date information.
  4. The number of tradable assets tends to change as the broker frequently adds new ones to the platform.
  5. By using this feature, you will never miss important news about the forex, stock, crypto or commodity market.
  6. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days.

IC Markets Review

The first thing you should do after signing up for a new IQ Option account is to get familiar with the IQ Option trading interface. All features and tools are placed on the interface so you won’t need to do a lot of digging to find them. Phone support has been qualified as very good by most traders, as you can connect with a customer service representative quickly. Additionally, the MT4 and MT5 platforms feature a set of 31 technical indicators. One upside is that you can modify the degree of leverage you take when placing individual trades.

IQ Option fees

The mobile trading platform of IC Markets is also supported by Meta Trader 4, but it is significantly better looking than the web version. The web version of IC Markets trading platform is a bit rough around the edges and lacks a modern design and the intuitiveness commonly seen in today’s top-notch trading interfaces. Instead, this broker provides Meta Trader as the default platform, which is a third-party platform. Finally, even though the portfolio of CFDs offered is a bit limited compared to its competitors, it should suffice the scope of most traders, especially for forex pairs, indexes, and cryptocurrencies.

Order Types

The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations. Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service.

Market analysis – News, Forex & crypto & earnings calendar

Live chat with other traders is available to all users who have at least a trading volume of $300. There are few general groups that discuss basically anything, no matter the asset type or sector. Discussions on the theme of specific popular assets like Bitcoin, Microsoft stocks, gold, et cetera. Sadly, they just don’t have that many participants so don’t expect a big queue of pro traders waiting to spread their ideas. The account you opt for will probably depend on what you want to trade and your trading style. If you just want to trade forex, then either MT4 account should do the job.

In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean,  Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian. Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker. IQ Option is owned and operated by a company within the European Union.

Very recently it added a feature called ‘position top-up’ that allows a trader to keep the trade open, in case it’s approaching stop loss. Overall the web platform is well designed and offers quite a few details at a single glance. To connect traders on the IQ platform, the company, also created a live chat where traders around the globe share their ideas and achievements.

As for commodities, traders have access to a limited selection of precious metals, soft commodities, and energy commodities including WTI Crude Oil, Brent, and Natural Gas. Here at Public Finance International, we take pride in researching and reviewing various trading platforms and presenting you with a detailed guide. There are many CFD trading platforms that you probably don’t have the time to screen out and review individually. IC Markets offer 2 different account types, the true ECN account and standard account. Minimum deposit starts from $200 which is pretty much the average amount on major brokers. Don’t worry if that seems overwhelming, you can also simply fire up a chart and place/manage trades without any complications.

As a reference, the spread charged for EURUSD is between 0 and 1 pip for raw spread accounts and 1.1 for standard accounts. Finally, the selection of forex pairs offered by IC Markets includes the most popular pairs such as the EUR/USD, GBPY/USD, and USD/JPY, along with certain exotic pairs such as the GBP/TRY and the CHF/SGD. Search functions in the mobile trading app are much more intuitive and alerts and notifications can be set but only through the desktop version, which is a bit inconvenient. However, a few features are different, including the fact that you can set alerts and notifications sent via mobile push or e-mail.

IC Markets are a Muslim friendly broker who support Islamic traders with swap-free accounts that comply with Sharia law. IC Markets offers an impressive range of instruments for you to trade including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs. There are iq trade room plenty of minor, major and exotic currency pairs, along with popular cryptocurrencies, and over 1,500 Stock CFDs in some of the largest companies. IC Markets have a WebTV that is presented in association with Trading Central and offers unmatched coverage on global equities, currencies and commodities.

You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds. When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account. Another standout element of the demo account is the fact that you do not need to provide personal information before using it. The lack of personal information required for a demo account helps potential clients protect their privacy.

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