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IC Markets Review

IC Markets Review

Updated : May 22, 2024

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Overall Rating

Min Deposit

121,500 ($200)

Regulators

ASIC, CySEC, FSA, SCB

Trading Desk

MT 4, MT5, cTrader, IC Social, Signal Start, ZuluTrade

Crypto

Yes

Total Pairs

64+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview

 

IC Markets Review

 

IC Markets was started in 2007 and aimed to make trading more accessible to all, including regular traders and institutional investors.

Furthermore, IC Markets ensures a safe environment for Ivory Coast traders through its robust regulatory framework and range of security measures, like internal investor protection, segregation of funds, etc.

IC Markets offers Ivorian traders deep liquidity and competitive forex and CFD trading spreads, catering to experienced and new traders.

IC Markets’ advanced technological setup, including ECN pricing and top-notch platforms like MetaTrader 4 and 5, caters to experienced and new traders. IC Markets’ offerings are tailored to boost the effectiveness of trading strategies through speedy execution and tight spreads.

Today, IC Markets is a well-respected name in forex and CFD trading, serving clients worldwide. Ivorian traders are among their satisfied customers, benefiting from the broker’s impressive handling of $1.39 trillion monthly trading volume.

 

 

 

Does IC Markets provide individualized customer service to Ivorian traders? 

Yes, IC Markets offers 24-hour customer assistance to assist Ivorian traders with any questions or problems they may experience.

 

Are there any collaborations or ties between IC Markets and other companies? 

Yes, IC Markets collaborates with several trading platforms and signal providers to improve the trading experience of Ivorian traders.

At a Glance

🔍 Broker🥇 IC Markets
🔢Established Year2007
⌛Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣Ease of Use Rating5/5
🎁BonusesNone
⏰Support Hours24/7
📊Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade
🗂️Account TypescTrader, Raw Spread, Standard
💷Base CurrenciesAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD
📝SpreadsFrom 0.0 pips EUR/USD (Raw Spread Account)
📈Leverage1:1000
💶Currency Pairs64+
💵Minimum Deposit121,500 XAF ($200)
💴Inactivity FeeNone
🗣️Website LanguagesEnglish, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several others
💸Fees and CommissionsSpreads from 0.0 pips, commissions from $3.5
🤝Affiliate Program✅ Yes
❌Banned CountriesUnited States, Canada, Iran, Yemen, and OFAC countries
➡️Scalping✅ Yes
🌟Hedging✅ Yes
🛢️Trading InstrumentsForex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures
🚀Open an Account👉 Click Here

Regulation and Safety of Funds

 

IC Markets Review Security Measures

 

Regulation in Ivory Coast

The Banking Commission of the West African Economic Monetary Union (WAEMU) does not regulate IC Markets. However, IC Markets’ global regulations are listed in the table below.

 

Global Regulations

🔍Registered Entity🌎Country of Registration✏️Registration Number🌟Regulatory Entity📊Tier🔢License Number/Ref
🥇Raw Trading LtdSeychellesN/AFSA3SD018
🥈International Capital Markets Pty Ltd.AustraliaCAN 123 289 109ASIC1AFSL 335692
🥉IC Markets EU LtdCyprusN/ACySEC2362/18
🏆IC Markets LtdBahamas76823 CSCB3SIA-F214

 

Protection of Client Funds

🔍Security Measureℹ️ Information
🗂️Segregated Accounts✅ Yes
👤Compensation Fund MemberNo, in-house insurance
💵Compensation Amount$1 million
🎓SSL CertificateNone
2️⃣2FA (Where Applicable)None
⛔Privacy Policy in Place✅ Yes
⚠️Risk Warning Provided✅ Yes
❌Negative Balance Protection✅ Yes
🛑Guaranteed Stop-Loss OrdersNone

 

Is IC Markets regulated in the Ivory Coast?

No, it isn’t regulated in Ivory Coast. However, IC Markets is overseen by regulatory bodies in various countries, including SCB in the Bahamas, CySEC in Cyprus, FSA in Seychelles, and ASIC in Australia.

 

Can I trust IC Markets to secure my information as an Ivorian trader?

Yes, you can. IC Markets places a high importance on client data security, implementing SSL encryption technology, and following strict data protection standards.

Awards and Recognition

 

IC Markets Awards and Recognition

 

IC Markets has received accolades for its outstanding performance in several areas of the trading industry. Its recognition reflects its dedication to satisfying customers with high-quality products and services. Some of the most prestigious awards include:

 

✅The IC Your Trade podcast series, produced by IC Markets, was honored at the Signal Awards for its informative talks on market trends and outstanding branding and promotion.

✅For 2024, ForexBrokers.com named IC Markets Best of Class in the Commissions & Fees category, recognizing the company’s price competitiveness.

✅The IC Your Trade audio series has received praise for its quality and appeal, regularly appearing in Spotify’s top 25 most shared podcasts.

Account Types

🔍Live Markets💵Minimum Deposit🚀Open an Account📈Platforms⬆️Leverage
🥇cTrader Raw Spread121,500 XAF👉 Click HerecTrader1:1000
🥈Raw Spread121,500 XAF👉 Click HereMetaTrader 4, MetaTrader 51:1000
🥉Standard121,500 XAF👉 Click HereMetaTrader 4, MetaTrader 51:1000

 

cTrader Raw Spread Account 

 

IC Markets cTrader Raw Spread Account

 

The IC Markets cTrader Raw Spread Account is a comprehensive account option for Ivory Coast traders, offering advanced features, quick execution speeds, and Level II pricing.

The cTrader Raw Spread account caters to high-volume Ivorian traders, offering leverage up to 1:1000 and access to currency pairs and index CFDs.

In addition, the account is transparently priced at $3 per side and Sharia-compliant, making it accessible to all traders in Ivory Coast.

 

Raw Spread Account 

 

IC Markets Review Raw Spread Account

 

The IC Markets Raw Spread Account offers low spread costs starting at 0.0 pips, making it ideal for Ivorian traders.

The Raw Spread Account is compatible with MetaTrader 4 and 5 and supports expert advisers and algorithmic trading. Furthermore, it provides leverage up to 1:1000 and micro-lot trading.

 

Standard Account 

 

IC Markets Standard Account

 

The IC Markets Standard Account is a user-friendly, straightforward account for beginners or those with less frequent trading.

The Standard Account includes a commission within the spread and operates on MetaTrader platforms. With no commission and a spread starting from 0.6 pips, it is ideal for beginner Ivorian traders just starting in online forex and CFD trading.

 

Demo Account 

 

IC Markets Review Demo Account

 

The IC Markets Demo Account offers a risk-free trading experience for Ivorian traders, allowing them to experiment with strategies without financial risk. Furthermore, the IC Markets demo account simulates real-market conditions.

This simulated environment allows Ivorian traders to refine their strategies before live trading. The account remains active for an unlimited period as long as it is actively used and provides a generous virtual balance.

 

Islamic Account 

 

IC Markets Islamic Account

 

IC Markets offers an Islamic Account for Muslim traders in Ivory Coast, eliminating swap fees on overnight positions and adhering to Sharia law.

This account offers advanced features and execution speeds, demonstrating that faith-based principles do not compromise trading performance or available instruments.

 

Do all account types on IC Markets provide the same trading instruments and products? 

Yes, all IC Markets account types allow access to the same trading instruments and products, guaranteeing that Ivorian traders have similar chances.

How To Open an Account Step-by-Step

To register an account with IC Markets, follow these steps:

 

Step 1: Go to the official website and click on the “Get Started” banner

 

IC Markets Open Account Step 1

 

Step 2: Complete the online application form

Applicants can complete the application form, including their personal information, trade experience, and financial situation.

 

How to Open an Account IC Markets

 

Step 3: Wait for approval from IC Markets

Per KYC requirements, Ivorian traders can upload their government-issued identity documents or passport. Secondly, traders can upload a credit card statement, bank statement, or utility bill as proof of residence.

Once the account is approved, Ivorian traders can download their preferred trading platform from IC Markets according to their account type: MetaTrader 4, MetaTrader 5, or cTrader. While these are the primary platforms, Ivorian traders also have access to IC Social, Signal Start, and ZuluTrade for additional trading options.

 

Is a minimum deposit required for Ivorian traders to create an account with IC Markets? 

Yes, Ivorian traders must deposit at least 121,500 XAF (about $200) to create an account with IC Markets.

 

Are there any fees to create an account with IC Markets? 

No, IC Markets does not charge fees to create an account, guaranteeing a simple and cost-effective onboarding procedure for Ivorian traders.

IC Markets vs Pepperstone vs BDSwiss – Broker Comparison

🔍Broker🥇IC Markets🥈Pepperstone🥉BDSwiss
⌛RegulationASIC, CySEC, FSA, SCBASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBCySEC, FSC, BaFIN, FSA, Mwali International Services Authority
📊Trading PlatformMetaTrader 4
MetaTrader 5
cTrader
TradingView
TradingView
MetaTrader 4
MetaTrader 5
cTrader
Capitalise.ai
MetaTrader 4
MetaTrader 5
BDSwiss Mobile
BDSwiss Web
💴Withdrawal FeeNoneNoneNone
🗂️Demo Account✅ Yes✅ Yes✅ Yes
💵Min Deposit121,300 XAF ($200)79,300 XAF (AU$200)6,100 XAF ($10)
📈Leverage1:10001:500 (Pro)
1:200 (Retail)
Up to 1:2000
📝SpreadFrom 0.0 pipsFrom 0.0 pipsFrom 0.0 pips
💷CommissionsFrom $3 to $3.5From AU$7From $2
🛑Margin Call/Stop-Out100%/50%90%/20%50%/20%
🧑‍⚖️Order ExecutionMarketMarketInstant/Market
❌No-Deposit BonusNoneNoneNone
💰Cent AccountsNoneNone✅ Yes
🗂️Account TypescTrader Account
Raw Spread Account
Standard Account
Standard Account
Razor Account
Cent Account
Classic Account
VIP Account
Zero Spread Account
➡️WAEMU RegulationNoneNoneNone
💶XAF DepositsNoneNoneNone
🌟XAF AccountNoneNoneNone
🕰️Customer Service Hours24/724/724/5
✏️Retail Investor Accounts324
☪️Islamic Account✅ Yes✅ Yes✅ Yes
⬇️Minimum Trade Size0.01 lots0.01 lots0.01 lots
⬆️Maximum Trade SizeUnlimited100 lots50 lots
⏰Minimum Withdrawal TimeInstant1 business dayInstant
⏱️Maximum Estimated Withdrawal TimeUp to 14 business daysUp to 7 business daysWithin 24 hours
✔️Instant Deposits and Instant Withdrawals?✅ Yes, on PayPal, Neteller, and SkrillNone✅ Yes
🚀Open an Account👉 Click Here👉 Click Here👉 Click Here

Trading Platforms and Software

 

IC Markets Trading Platforms and Software

 

This broker offers Ivorian traders the following Trading Platforms:

 

➡️IC Social

➡️ZuluTrade

➡️MetaTrader 4

➡️MetaTrader 5

➡️Signal Start

➡️cTrader

 

IC Social

 

IC Markets IC Social

 

IC Social is a platform that enhances trading in the Ivory Coast by integrating social elements. It allows traders to share insights, follow successful strategies, and apply collective knowledge to their own decisions.

This platform aligns with the modern trading community’s collaborative spirit, providing an interactive way to learn and thrive in the global market.

 

ZuluTrade 

 

IC Markets Review ZuluTrade

 

IC Markets partners with ZuluTrade to offer advanced social trading to Ivorian traders, allowing them to replicate top global traders’ strategies. This feature particularly benefits those seeking to diversify their strategies without extensive market analysis.

 

MetaTrader 4 

 

IC Markets MetaTrader 4

 

IC Markets’ MetaTrader 4 is a popular platform for Ivorian traders due to its stability and comprehensive analytical tools. It offers customizable charts and Expert Advisors, allowing traders to customize their trading environment, enhancing efficiency and effectiveness.

 

MetaTrader 5 

 

IC Markets Review MetaTrader 5

 

MetaTrader 5 enhances Ivorian traders’ capabilities with advanced technical tools, more timeframes, and enhanced order management features. It caters to multi-asset trading, offering access to stocks and commodities, aligning with IC Markets’ extensive instrument portfolio.

 

Signal Start 

 

IC Markets Signal Start

 

IC Markets offers Signal Start, an automated signal service for Ivorian traders. This platform simplifies finding reliable trading signals by curated providers, making it an essential resource for traders relying on signals for decision-making and accessing market insights.

 

cTrader 

 

IC Markets Review cTrader

 

cTrader is a comprehensive trading platform for Ivorians, offering advanced order types and superior charting tools, catering to experienced and new traders.

Furthermore, cTrader’s user-friendly interface and rapid execution speeds complement IC Markets’ commitment to transparent trading conditions, meeting the sophisticated needs of Ivory Coast’s trading community.

 

Does IC Markets provide bond trading to Ivorian traders? 

Yes, IC Markets offers Ivorian traders access to 11 bond instruments, providing a solid investment alternative in government debt securities and diversification options within fixed-income assets.

 

Are there any limitations on trading hours for Ivorian traders on IC Markets? 

No, IC Markets allows trading 24 hours a day, five days a week (24/7 for crypto CFDS), letting Ivorian traders trade whenever they want.

Range of Markets

 

Which Markets can you Trade with IC Markets

 

IC Markets offers the following trading instruments and products:

 

✅Stocks – IC Markets provides Ivorian traders with over 1,600 stocks to invest in, allowing them to implement targeted strategies and potentially diversify their portfolios by investing in individual company shares from various global exchanges.

✅Futures – IC Markets provides Ivorian traders with four futures contracts for hedging or speculating on future asset price movements.

✅Indices – IC Markets offers traders in Ivory Coast access to 25 indices, enabling them to predict stock market fluctuations and provide valuable insights into regional economic conditions, enhancing their trading opportunities.

✅Bonds – IC Markets provides Ivorian traders with 11 bond instruments, offering a stable investment option in government debt securities, allowing diversification with fixed-income assets compared to equities.

✅Cryptocurrencies – IC Markets offers Ivorian traders 18 cryptocurrencies, including popular options and pairs, to meet the increasing demand for digital assets in the dynamic and cutting-edge market.

✅Forex – IC Markets provides Ivorian traders with a wide range of 64 currency pairs, enabling them to participate in the world’s largest financial market with high liquidity.

✅Commodities – Ivory Coast traders can trade 22 commodities through IC Markets, including hard and soft goods like metals, energy, and agricultural goods, allowing them to speculate on various products.

10 Best Forex Brokers in Ivory Coast

Rank

Broker

Review

Regulators

Min Deposit

Official Site

🥇

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

🥈

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

🥉

Read Review

ASIC, CySEC, FSCA, FSA

$100

#4

Read Review

FSA, CySEC, FSCA, FSC

$1

#5

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#6

Read Review

FSCA, IFSC, ASIC, CySEC, DFSA, FCA

$5

#7

Read Review

FSCA, FSC, FSA, MISA

$10

#8

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#9

FSC, ASIC, CySEC, FSCA

$5

#10

Read Review

CySEC, MISA, FSCA

$5

#1

$10

Minimum Deposit

#2

$100

Minimum Deposit

#3

$100

Minimum Deposit

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$5

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

Fees, Spreads and Commissions

 

IC Markets Review Fees, Spreads and Commissions

 

Spreads

IC Markets offers a competitive pricing structure for Ivorian traders, offering spreads starting from 0.0 pips for major currency pairs like EUR/USD.

This is ideal for scalping or high-frequency trading, as small differences can impact profitability. Standard Accounts have slightly higher spreads starting from 0.6 pips but include commission costs, making it easier to manage expenses.

This competitive and transparent fee schedule makes IC Markets a popular choice for traders who want efficient trading while being able to manage and reduce their overall trading costs.

 

Commissions 

IC Markets offers tailored commission fees for its Ivorian traders, with the cTrader Account offering a $3 per side fee for a round turn of $6. The Raw Spread Account charges a slightly higher rate of $3.50 per side or $7 for a round turn.

Furthermore, the Standard Account eliminates separate commission fees as the broker fee for facilitating the transaction is included in the spread, simplifying the trading cost structure for Ivory Coast traders.

 

Overnight Fees 

The interest rate difference between currency pairs determines overnight fees or credits in trading. They can vary based on market conditions and position, affecting the profitability of trades held for more than a day by Ivorian traders.

Ivorian traders must study the overnight fees debited/credited by IC Markets as it could impact profitability, especially when traders use long-term trading strategies that rely on holding positions open for longer than a single trading day.

 

Deposit and Withdrawal Fees 

IC Markets offers Ivorian traders a user-centric approach by not charging fees on deposits and withdrawals, covering payment provider costs. However, traders should know that third-party fees from banks or financial institutions handling transfers will still apply.

 

Inactivity Fees 

IC Markets offers Ivorian traders the freedom to trade without fear of inactivity fees, as the broker does not charge any fees for dormant accounts, allowing traders to trade according to their strategic timelines without incurring unnecessary costs.

 

Currency Conversion Fees 

Ivory Coast traders using IC Markets for XAF (CFA franc) transactions should know that the platform does not offer accounts denominated in XAF.

If funds are deposited or withdrawn in a different currency, adjustments and conversions will be required, resulting in potential losses, fees, and currency fluctuations.

This highlights the importance of Ivorian traders assessing the impact of currency conversion on their trading capital and staying updated on potential charges or fluctuations to make informed decisions about currency transactions on the IC Markets platform.

 

What is the normal spread granted by IC Markets to Ivorian traders? 

IC Markets’ Raw Spread Account provides attractive spreads starting at 0.0 pips for popular currency pairings such as EUR/USD, offering advantageous trading circumstances for Ivorian traders.

 

How much do Ivorian traders pay for holding positions overnight on IC Markets? 

Overnight costs on IC Markets fluctuate based on the currency pair and market conditions, which affects the profitability of overnight trading for Ivorian traders.

Deposit & Withdrawal Options

🫴🏻Payment Method🌎Country💵Currencies Accepted⏰Processing Time
💳Credit CardAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CADInstant – 5 days
💳Debit CardAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHFInstant – 5 days
🫰🏻PayPalAllUSD, AUD, GBP, EUR, CAD, SGD, JPYInstant
📌NetellerAllAUD, GBP, EUR, CAD, SGD, JPYInstant
🌟Neteller VIPAllAUD, GBP, EUR, CAD, SGD, JPYInstant
🛎️SkrillAllAUD, USD, JPY, EUR, SGD, GBPInstant
🔖UnionPayChinaRMBInstant
🏦Bank Wire TransferAllAUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF2 – 14 days
➡️BpayAustraliaAUD12 hours – 3 days
✳️FasaPayAllUSDInstant – 5 days
👥Broker to BrokerAllAUD, USD, JPY, EUR, NZD, SGD, GPB, CAD, CHF, HKD2 – 5 days
✏️POLiAustraliaAUDInstant – 3 days
🎈Thai Internet BankingThailandUSD15 minutes – 1 day
🖥️Vietnamese Internet BankingVietnamUSDInstant – 1 day
⚙️RapidpayAllEUR, GBPInstant – 5 days
💡KlarnaAllEUR, GBPInstant – 5 days

 

Deposits 

 

Bank Wire 

✅Log in to the IC Markets Secure Client Area.

✅Go to the ‘Funds’ section and choose the ‘Deposit’ option.

✅Select ‘Bank Wire Transfer’ as your preferred deposit method.

✅IC Markets will provide the required banking details, including the bank account information.

✅Write down this information and then visit your bank’s online platform or a nearby branch to organize the wire transfer.

✅Include your IC Markets trading account number in the transfer reference section.

✅Complete the transfer using your bank, typically with a processing time of 2 to 5 business days.

✅Make sure to keep a copy of the transaction receipt for your records.

✅Once the funds have been received, IC Markets will credit your account and send a confirmation email regarding the transaction.

 

Credit or Debit Card

✅Gain access to your IC Markets Secure Client Area.

✅Navigate to the ‘Funds’ section and choose the ‘Deposit’ option.

✅Select ‘Credit/Debit Card’ from the available deposit methods.

✅Enter the deposit amount and provide your card details, including the card number, expiry date, and CVV code.

✅Make sure the name on your trading account matches the cardholder’s name.

✅Follow any additional verification procedures that may be required by your card issuer, such as providing a one-time password.

✅Once confirmed, the deposit will be visible in your trading account.

 

Cryptocurrency 

✅Log in to the IC Markets Secure Client Area.

✅Choose ‘Funds’ and then proceed to ‘Deposit’.

✅Choose ‘Cryptocurrency Wallet’ as your preferred deposit method.

✅Select the cryptocurrency you want to deposit.

✅Enter the amount, and the interface will calculate its cryptocurrency equivalent.

✅IC Markets offers a wallet address or QR code for the transfer.

✅Proceed with transferring your cryptocurrency wallet to the provided IC Markets address.

✅Verify the transaction. The deposit might experience a delay as it goes through the necessary blockchain confirmations. You will be notified via email once the funds have been credited to your trading account.

 

e-Wallets or Payment Gateways 

✅Log in to the IC Markets Secure Client Area.

✅Go to ‘Funds’ and select ‘Deposit’.

✅Choose from the various e-wallets or payment gateways, including PayPal, Skrill, or Neteller.

✅You will be directed to the login page of the e-wallet.

✅Provide the deposit amount and proceed to confirm the transaction. Your trading account will be credited with the funds promptly, and you will receive confirmation from IC Markets that the transaction was successful.

 

IC Markets Review Deposits

 

Withdrawals 

 

Bank Wire 

✅Log in to your IC Markets Secure Client Area.

✅Go to the ‘Funds’ section and select the ‘Withdraw’ option.

✅Choose ‘Bank Wire Transfer’ as your preferred withdrawal method.

✅Complete the form with your bank account information and the amount you want to withdraw.

✅Submit your withdrawal request. Ivorians must note that processing might require a few business days, especially with international transfers. Traders will be notified via email once the withdrawal has been processed.

 

Credit or Debit Cards 

✅Go to the ‘Funds’ section in your IC Markets Secure Client Area and choose ‘Withdraw.’

✅Select ‘Credit/Debit Card’ as your preferred withdrawal method.

✅Enter the withdrawal amount. Remember that you can only withdraw up to the amount deposited using the same card.

✅Verify the information and proceed with submitting your withdrawal request. The funds will be reflected on your card statement within a few business days, and you will receive a confirmation email from IC Markets.

 

Cryptocurrency 

✅Gain access to your IC Markets Secure Client Area.

✅Go to the ‘Funds’ section and choose the ‘Withdraw’ option.

✅Select ‘Cryptocurrency Wallet’ as the preferred withdrawal method.

✅Provide the amount and your cryptocurrency wallet address.

✅Confirm the withdrawal request. The funds will be transferred to your designated wallet, and the processing times may vary depending on the crypto network.

✅You will receive an email confirmation once the transaction is completed.

 

 e-Wallets or Payment Gateways 

✅Log in to your IC Markets Secure Client Area.

✅Go to the ‘Funds’ section and select the ‘Withdraw’ option.

✅Choose your preferred e-wallet option for withdrawing funds, such as PayPal, Skrill, or Neteller.

✅Enter the amount you would like to withdraw.

✅Confirm the withdrawal request on IC Markets’ website. Ivorians should note that e-wallet withdrawals are typically processed within 24 hours, and they will receive an email notification once the withdrawal has been processed.

 

What payment options are available for Ivorian traders to finance their IC Markets account? 

Ivorian traders may fill their IC Markets account with various payment options, including credit/debit cards, bank wire transfers, and e-wallets like PayPal, Skrill, Neteller, and cryptocurrencies.

 

Can Ivorian traders use cryptocurrency to finance their IC Markets accounts? 

Yes, IC Markets welcomes cryptocurrency deposits from Ivorian traders, making it a simple and safe payment method for individuals who wish to use digital assets.

Leverage and Margin 

 

IC Markets Review Leverage and Margin

 

Forex trading strategies in Ivory Coast are influenced by leverage and margin. Leverage, a multiplier, allows traders to control positions larger than their actual account balance but also increases the risk of losses.

Margin, a security deposit, is required to open and maintain a leveraged position, ensuring sufficient funds to cover potential losses.

As leverage increases, the margin requirements will decrease in response. While this seems positive to Ivorian traders, it can make the account more vulnerable to rapid losses if the market moves against the trader.

Furthermore, IC Markets offers leverage ranging from conservative 1:1 to aggressive 1:1000, catering to traders with different strategies and experience levels.

IC Markets provides detailed guidance on margin calculations, providing formulas and tools to help traders understand the amount of margin tied up with each trade.

Additionally, IC Markets has set a stop-out level to protect clients, preventing further losses beyond the initial investment if the equity in an account falls to 50% of the margin.

 

How does margin trading on IC Markets work for Ivorians? 

Margin trading on IC Markets enables Ivorian traders to control larger positions with a portion of the entire transaction value by borrowing funds from the broker to open and maintain positions.

 

How does IC Markets compute and track margin amounts for Ivorian traders? 

IC Markets calculates margin based on Ivorian traders’ leverage and position size and monitors margin levels in real-time to ensure that traders have enough capital to cover possible losses.

Educational Resources 

 

IC Markets Review Educational Resouces

 

IC Markets offers the following educational resources:

 

✅Podcasts – IC Markets’ podcasts offer Ivorian traders a practical and portable way to stay updated on market trends, strategies, and economic news, providing valuable insights into trading while engaging in other tasks or for those who prefer auditory learning.

✅Getting Started (10 lessons) – IC Markets’ “Getting Started” series offers 10 lessons designed to introduce Ivorian traders to trading mechanics, market analysis, and platform usage, providing a well-organized curriculum for beginners and a strong foundation for future traders.

✅Advantages of CFDs – IC Markets provides educational resources on Contracts for Difference (CFDs), highlighting their versatility, global market access, and potential profit in both upward and downward market trends. This is particularly beneficial for traders in Ivory Coast looking to expand their investment portfolios.

✅Video Tutorials – IC Markets offers video tutorials for visual learners in the Ivory Coast. It provides step-by-step guides on platform instructions and in-depth trading strategies to help traders improve their technical skills and navigate market complexities.

✅Web TV – IC Markets’ Web TV offers live market analysis and expert discussions, benefiting traders in the Ivory Coast by providing current global financial trends and their impact on local markets, thereby enhancing their market understanding.

✅Webinars – IC Markets provides Ivorian traders with webinars, allowing them to interact with trading experts and market analysts, covering topics like advanced tools, market forecasts, and strategic planning.

✅Trading Knowledge – IC Markets’ “Trading Knowledge” section offers a comprehensive collection of articles covering trading fundamentals and advanced analysis techniques, particularly beneficial for Ivorian traders seeking to enhance their market comprehension and trading skills.

✅Advantages of Forex – The “Advantages of Forex” section provides insights into the market’s unique features, such as exceptional liquidity, round-the-clock trading, and leverage usage. This information can help traders from Ivory Coast navigate the market effectively and capitalize on its unique opportunities.

 

Does IC Markets provide live educational sessions or seminars to Ivorian traders? 

Yes, IC Markets often organizes live webinars and seminars led by trading specialists and analysts, allowing Ivorian traders to communicate directly with industry professionals and ask real-time questions.

 

How frequently are new educational materials uploaded to the IC Markets site for Ivorian traders? 

IC Markets’ educational content is continuously updated to reflect current market trends and trading tactics, ensuring Ivorian traders can access the most up-to-date and relevant knowledge.

Bonuses and Promotions

 

IC Markets Bonuses and Promotions

 

After carefully reviewing IC Markets for traders in Ivory Coast, it was noted that the platform does not offer any website bonuses. However, it presents a captivating opportunity to earn through its affiliate program.

We were particularly impressed by the Raw Trader Rebates program. With this program, affiliates can earn up to $1.50 for each standard lot traded by clients they’ve referred to the Raw Spread account.

In addition, it is important to consider that the commission rate is influenced by the affiliate’s tier, which is determined by the total trading volume generated by the clients they refer. We believe that this arrangement presents a unique and beneficial opportunity for traders in Ivory Coast.

 

Are any undisclosed fees or conditions linked to IC Markets’ promotions for Ivorian traders?

No. Apart from not offering bonuses or promotions, IC Markets ensures overall transparency when it comes to its fees and conditions. Should IC Markets offer bonuses, we urge traders to review the terms and conditions comprehensively.

 

How can I keep up to date with the latest promotions and offers from IC Markets in Ivory Coast?

You can stay updated with the latest information from IC Markets by subscribing to their newsletter, following their social media channels, or regularly visiting their website for announcements.

Affiliate Programs

 

Features

Our research indicates that the IC Markets affiliate program presents a promising chance for traders in the Ivory Coast to grow their businesses and generate additional income by referring others.

Furthermore, we found that the program’s lack of referral limits aligns perfectly with the region’s entrepreneurial mindset. In addition, the unlimited referrals are ideal for Indonesians to maximize their earnings.

One major benefit is the competitive payments that are determined by the trading volume. This feature enables affiliates to boost their earnings as the activity of their referred clients expands.

In addition, the program provides fast withdrawals, allowing Ivorian partners to access funds quickly and easily.

IC Markets’ extensive global reach and localized services guarantee that affiliates in the Ivory Coast receive personalized support and services that align perfectly with the local market.

Furthermore, the program also offers a complete dashboard and live payment tracking, enabling affiliates to stay informed and effectively manage their referrals.

In addition, the program offers no sign-up fees and provides promotional materials, making it easier for Ivorian affiliates to promote the program and attract new clients.

Overall, we believe that this combination of benefits makes the IC Markets affiliate program an attractive choice for traders in Ivory Coast who want to grow their business and boost their earnings.

How to Register an Affiliate Account Step-by-Step

 

Step 1: Go to the official website and find the “Partners” section in the top left corner

 

IC Markets Affiliate Account Step 1

 

Step 2: Click on the “Join Now” banner

Take a thorough look at the IC Markets Affiliate Program, carefully examining all components like the commission structure, Ivorian residents’ payment methods, and the available marketing resources.

 

IC Markets Affiliate Account Step 2

 

Step 3: Complete the online application form

Please ensure that you provide accurate personal information and that your full name matches the identification issued by the Ivorian government.

When registering on behalf of a business, please provide the official company name and registration number as recognized by the Ivory Coast authorities.

 

IC Markets Affiliate Account Step 3

 

Carefully review the affiliate agreement, check the box to confirm that you understand and accept it, and then click “Submit” to complete your application.

 

Can I monitor the progress of my referrals and commissions as an affiliate in Ivory Coast?

Yes, you can. IC Markets offers an affiliate dashboard that allows you to monitor your referral activity and keep track of your commission earnings in real-time.

 

What kind of support does IC Markets provide to its affiliate partners in Ivory Coast?

IC Markets offers a range of marketing tools, educational resources, and dedicated support that can help Ivorian affiliates with their referral efforts.

Customer Support

🫴🏻Customer Support🥇IC Markets Customer Support
⏰Operating Hours24/7
👥Support LanguagesPortuguese, English, Vietnamese, Chinese
🗣️Live Chat✅ Yes
💻Email Address✅ Yes
☎️Telephonic Support✅ Yes
4️⃣The overall quality of IC Markets Support4.3/5
🚀Open an Account👉 Click Here

 

Response Time

🫴🏻Support Channel⏰Average Response Time⏱️User-based Response Time
☎️Phone5 minutes2 minutes
💻Email24 hoursSame-day
🗣️Live Chat5 minutes4 minutes
📱Social Media5 minutes2 – 3 minutes
🤝Affiliate24 hoursSame-day

 

Which languages does IC Markets customer support provide for Indonesian traders?

IC Markets offers customer support in various languages, such as English, Chinese, and Arabic. However, we didn’t find any specific mention of support in Indonesian.

 

Is customer support available on weekends for Indonesian traders?

Yes, it is. IC Markets’ customer support team is always ready to assist Indonesian traders, providing 24/7 assistance, even on weekends.

Social Responsibility

 

There was no clear indication of IC Markets’ CSR initiatives or activities in our review of their website or other resources.

But it’s safe to presume that they’re active in a number of CSR projects and community assistance programs all over the globe, given their stellar reputation as a trustworthy global provider of CFD and FX trading services.

Even though their main aim is to provide clients with a competitive trading environment, state-of-the-art technology, and a flawless trading experience, established financial institutions often emphasize giving back to their communities.

User Comments and Reviews

 

IC Markets User Comments and reviews

 

🥇“Over the past twelve months of dealing with IC Markets, I have encountered zero issues. They provide great customer service and are a trustworthy broker. Anyone in need of a reliable forex broker has my enthusiastic recommendation.”

 

🥈“IC Markets is a great pick for both new and expert traders. They offer a lot of different trade tools and a lot of different educational materials. Also, the platform is very easy to use.”

 

🥉“I thought IC Markets’ customer service was great. When I had a question about my account, they were very helpful and quick to answer. Anyone who is looking for a good forex exchange should definitely go with them.”

In Conclusion 

 

According to our findings, Ivorian traders may face challenges like lack of local regulation and accounts in West African CFA franc (XAF) despite not charging fees and providing strong customer support.

Despite these, our research shows that IC Markets follows international regulations and implements strong security measures, ensuring trust and safety for traders.

In our experience, IC Markets’ transparent and reliable platform makes it a good option for Ivorian traders interested in forex and CFD markets.

  

Our Insight

 

In my opinion, IC Markets is a good option for Indonesian traders. They offer competitive spreads, high leverage options, and an extensive educational package catering to new and experienced traders.

Our Recommendations 

 

IC Markets Our Recommendations

 

✅Ivory Coast has thousands of people who use cell phones. Therefore, make the IC Markets app and website more compatible with a range of devices.

✅IC Markets could offer customer service, educational tools, and website translation in French to please most Ivorian traders.

✅IC Markets can consider working with well-known mobile money solutions like Orange Money and MTN Mobile Money to make it easier for traders in the Ivory Coast to enter and withdraw money.

✅We suggest IC Markets starts offering educational programs in French to help Ivorian traders learn more about money and trade responsibly.

Pros & Cons 

✅ Pros❌ Cons
IC Markets is a true ECN broker that caters to all types of Ivorian tradersIC Markets does not offer an XAF-denominated account
The zero-pip spreads charged are ideal for scalpersIvorian traders face currency conversion fees
Ivorians can access leverage up to 1:1000 with IC Markets, with the benefit of risk management tools and negative balance protectionThere are no domestic CFDs offered, and XAF cannot be traded against other currency pairs supported by IC Markets
There are no deposit or withdrawal fees charged across the available payment methodsIC Markets’ website and platforms might present Ivorian traders with a learning curve

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Frequently Asked Questions

Yes, IC Markets provides demo accounts that can be accessed worldwide.

Yes, IC Markets is a reliable broker regulated by respected financial authorities like ASIC in Australia and CySEC in Cyprus. This provides a sense of security for traders from the Ivory Coast, knowing they are operating in a safe trading environment.

IC Markets offers user-friendly platforms such as MetaTrader 4 and MetaTrader 5, catering to traders in Ivory Coast of all levels, including beginners. They also provide a wide range of educational resources to facilitate learning.

Traders from Ivory Coast have the opportunity to explore a wide variety of markets with IC Markets. These markets include forex, stocks, commodities, indices, bonds, cryptocurrencies, and futures.

Unfortunately, IC Markets does not offer direct support for local payment options in Ivory Coast. Therefore, traders from Ivory Coast will need to utilize international payment methods like credit cards, e-wallets, or bank wire transfers for their deposits and withdrawals.

IC Markets is based in Sydney, Australia, and offers services to traders in the Ivory Coast, and worldwide in other countries.

Yes, you can. However, there might be certain limitations to consider.

Withdrawals at IC Markets typically take 1 to 5 business days to process, depending on the method chosen by Ivorian traders.

IC Markets might offer educational materials in French, although this is subject to change.

IC Markets’ minimum deposit is 121,500 XAF ($200). Furthermore, Ivorians must convert their local currency, XAF, into one of the accepted base currencies to meet the minimum deposit requirement of 200 USD to start trading with IC Markets.

IC Markets offers diverse analysis tools, catering to traders worldwide rather than focusing solely on the West African market.

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