In some cases, support agents don’t understand your problem, don’t read your question correctly, or just can’t help you at all and ask you to contact another department. The quality of support is not always helpful and is sometimes fragmented.Undoubtedly they have a lot of clients, but waiting times for an agent to reply can reach 20 minutes, and there can be over 100 people in the queue ahead of you. There are long queues for live chat support.Here are the disadvantages we experienced. The spreads are reasonable during the Index’s exchange trading hours.Īs mentioned before, IC Markets offers somewhat of a no thrills approach and the overall experience sometimes feels impersonal. There are no commissions on Indices CFD’s.Withdrawals get processed in less than 24 hours. Deposits and internal transfers are almost instant. The company offers a good range of deposit and withdrawal methods.IC Markets offer the cheapest trading commissions and tightest spreads of all well-established cTrader brokers.Here are some of the primary reasons why we consider it an absolute pleasure to trade on IC Markets cTrader. But what are the extras that IC Markets have cut back? Let’s review the pros and cons of trading with IC Markets cTrader. As long as the core service works flawlessly, it’s acceptable to cut back on some extras. Like with any budget company, it’s all about working with economies of scale to ensure the business model works. The Pros and Cons of Trading with IC Markets cTrader These factors would certainly drive IC Markets high trading turnover. Providing an inexpensive trading platform doesn’t just attract a lot of traders looking to pay less on their trades, it also attracts traders who are using expert advisors or trading bots, especially ones with scalping strategies. This aversion to marketing keeps operational costs down and enables them to be more competitive in their trading fees. IC Markets doesn’t do a lot of aggressive marketing as other brands do. Budget brokers often lack robust regulation. IC Markets has maintained it’s regulated status in Australia since 2009. They are also one of the cheapest cTrader brokers. We appreciate IC Makers because they are by far one of the cheapest and reliable forex brokers on the market.
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