CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IC Markets is a True ECN forex broker which means you've got access to the same market that the big institutions are trading, while spreads can be zero (really 0 pips). As you can expect from a true ECN broker: IC Markets has no dealing desk, so they will never trade against you. Hence IC Markets is not a scam but a very trustworthy broker. The ECN environment means that you can trade whatever style you want, even scalping or automatic trading is possible at IC Markets.
IC Markets was launched in Australia in 2007 by financial professionals. They wanted to offer retail clients a unique experience by giving them access to the same trading solutions as the big banks. This means your orders get a fast execution, the spreads are very tight and there's always a lot of liquidity, so practically no requotes. IC Markets is built by traders for traders and is regulated by the Australian Securities and Investment Commission (ASIC).
IC Markets has a few simple choices in platforms and account types. It is possible to use the cTrader platform on your desktop, smartphone or even the browser based version. cTrader is a easy to use platform with a lot of extra's such as Level II pricing, clear charts, indicators,... You can also add indicators like in Metatrader. On top of that, you can open new trades with just one click.
Placing an order is easy in cTrader. In the screen below you can see that you can decide the amount of pips for your stoploss and take profit.
You can also trade via the popular MT4 software. Metatrader 4 is a well known and hugely popular trading platform. It is easy to use and has a lot of technical indicators installed, but you can also install others or even write your own indicators. MT4 supports EA trading (expert advisors for automatic trading). It has a sort of app shop where you can buy indicators, extra functionalities or expert advisors.
You can also trade with MetaTrader 5, Myfxbook AutoTrade, Signal Trader, MAM / PAMM,...
Visit the IC Markets website and learn to trade on the cTrader or MT4 platform with a free demo account.Visit IC Markets