
IC Markets Review
With IC Markets Colombian traders can access over 500 f inancial instruments across powerful trading platforms. HFM is known for its superior trading conditions across several account types. Colombians can easily choose a trading solution that works for them.
- Maryke Myburgh
Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawels

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ
Min Deposit
200 USD
Regulators
FSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low spreads
Account Activation Time
48 Hrs
Overview
After personally experiencing the Colombian trading landscape with IC Markets, we can confidently vouch for their strong reputation and extensive global presence. With their Australian origins, they offer a distinct perspective that perfectly aligns with the specific requirements of Colombian traders.
We were especially impressed by their ECN and Raw Spread connectivity. This direct market access is revolutionary, particularly for those who seize the opportunities presented by the ever-changing Colombian markets.
Colombian traders can perfectly sync with the global market pulse with minimal slippage. The platform choices, such as MetaTrader 4 and 5, are perfectly suited to the various trading styles of Colombian traders across financial markets.
IC Markets’ commitment to education is truly impressive. They understand the importance of knowing the Colombian trading environment.
We found their Spanish-language webinars and tutorials incredibly valuable resources for local traders. We believe all this will be extremely helpful for both experienced traders and those still improving their skills.
They have a strong commitment to transparency. We appreciate their transparent fee structure and keeping client funds separate, which gives traders peace of mind, especially considering the cut-throat industry and thousands of spam brokers and processes.
Does IC Markets offer multilingual support?
Yes, IC Markets offers support in several languages, including English and Spanish, only to name a few.
What is the minimum deposit necessary to begin trading with IC Markets?
The minimum investment to begin trading with IC Markets is 805,000 COP (around $200).
IC Markets Review At a Glance
👤IC Markets | ℹ️ Information |
📅Established Year | 2007 |
🏛Regulation and Licenses | ASIC, CySEC, FSA, SCB |
📈Ease of Use Rating | 5/5 |
💸Bonuses | None |
⌚Support Hours | 24/7 |
💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade |
🗂️Account Types | cTrader, Raw Spread, Standard |
💵Base Currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD |
📈Spreads | From 0.0 pips EUR/USD (Raw Spread Account) |
⬆Leverage | 1:1000 |
💷Currency Pairs | 64+ |
💳Minimum Deposit | 805,000 COP ($200) |
💵Inactivity Fee | None |
🌐Website Languages | English, Spanish, Russian, Thai, Malay, Indonesian, Italian, Portuguese, and several others |
💰Fees and Commissions | Spreads from 0.0 pips, commissions from $3.5 |
👥Affiliate Program | Yes |
❌Banned Countries | United States, Canada, Iran, Yemen, and OFAC countries |
📈Scalping | ✅Yes |
📌Hedging | ✅Yes |
🛢Trading Instruments | Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures |
👉 Open Account | Open Account |
Regulation and Safety of Funds
IC Markets’ Regulation in Colombia.
IC Markets is not regulated by Colombia’s Superintendencia Financiera de Colombia or “SFC” (Financial Superintendence of Colombia). 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 Ltd | Seychelles | – | FSA | 3 | SD018 |
International Capital Markets Pty Ltd. | Australia | CAN 123 289 109 | ASIC | 1 | AFSL 335692 |
IC Markets EU Ltd | Cyprus | – | CySEC | 2 | 362/18 |
IC Markets Ltd | Bahamas | 76823 C | SCB | 3 | SIA-F214 |
Protection of Client Funds
👮 Security Measure | ℹ️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | No, in-house insurance |
Compensation Amount | $1 million |
SSL Certificate | No |
2FA (Where Applicable) | No |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
👉 Open Account | Open Account |
Which regulatory bodies control the IC Markets?
IC Markets is governed by ASIC in Australia, CySEC in Cyprus, FSA in the Seychelles, and SCB in the Bahamas.
Are the IC Markets transactions secure?
Yes, IC Markets uses strong security measures, such as SSL encryption and privacy policies, to protect transactions.
Awards and Recognition
While evaluating IC Markets, we found the following awards that the broker has recently won:
- In recognition of their excellence in algorithmic trading tactics, IC Markets was presented with the Algo Trading category award at the ForexBrokers.com 2024 Annual Awards.
- As proof of their commitment to financial broadcasting innovation and excellence, IC Markets’ IC Your Trade podcast series was honored with the ‘Branded Business Show and Advertising’ category at the Signal Awards.
- According to the prestigious World Business Outlook, IC Markets will be Australia’s top online trading firm in 2023.
- In recognition of their outstanding achievement in the Commissions & Fees category, they were also awarded the Best in Class title at the same event.
Account Types
C Markets offers flexible account types to Colombian traders. We found that the account types suit different traders according to their trading styles, experience, and overall risk tolerance. Keep reading to discover what IC Markets can offer you.
🔎Features | Standard | Raw Spread | cTrader |
➕➖Availability | All traders; only available on cTrader | All; ideal for scalpers, day traders, active traders | All; ideal for beginners and casual traders |
💻Markets | All | All | All |
💵 Commissions | $3 per side, $6 per round turn | $3.5 per side, $7 per round turn | None; only the spread is charged |
📊Platforms | cTrader | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
📈Trade Size | From 0.01 lots – 2,000 lots | From 0.01 lots – 200 lots | From 0.01 lots – 200 lots |
📉Leverage | 1:500 | 1:500 | 1:500 |
💴Minimum Deposit | 805,000 COP ($200) | 805,000 COP ($200) | 805,000 COP ($200) |
👉 Open Account | Open Account | Open Account | Open Account |
IC Markets cTrader Account
If you’re already well-versed in or interested in exploring the cTrader platform, IC Markets’ cTrader account is a reliable option. The platform’s advanced charting tools and intuitive interface were highly impressive.
Regarding fees, the $6 round turn commission is quite competitive, particularly if you’re a high-frequency trader looking to capitalize on those razor-thin margins.
We found that this account offers a wide range of trade sizes, allowing it to accommodate both cautious beginners and high-rollers.
IC Markets Raw Spread Account
If you’re into fast-paced strategies like scalping or day trading, the Raw Spread account could be a perfect fit. This account type is available on MT4 and MT5, providing tight spreads essential for maximizing profits from fast trades.
The $7 round turn commission may seem a bit higher compared to the cTrader account, but the potential savings from the minimal spreads could make it a worthwhile option.
This option is highly recommended for Colombian traders who want to optimize their efficiency in high-frequency trading.
IC Markets Standard Account
Are you new to the trading scene or prefer a more straightforward approach? The Standard account could be a suitable choice. There are no commissions involved, only the spread. This makes it incredibly straightforward and easy to understand.
Although it might not be the most cost-effective choice for high-volume traders, it presents a wonderful opportunity for beginners to enter the market without concerns about additional fees.
It is conveniently accessible on both MT4 and MT5, allowing you to select the platform that suits your preferences. We believe this account option is ideal for Colombian traders new to the trading world. It provides easy access and convenience for those who are just
IC Markets Islamic Account
IC Markets has demonstrated a considerate approach to meeting the unique requirements of Colombian traders, acknowledging the significance of faith-based financial practices. The Islamic account is a customized solution designed specifically for individuals who follow Sharia principles.
We were particularly impressed that the Islamic account maintains all its trading features without compromise.
Regardless of whether you opt for the Raw Spread or Standard account, you will have complete access to a wide variety of markets, including forex pairs, commodities, and indices.
Colombian traders can engage in global markets while staying true to their principles.
This account is remarkable due to its swap-free nature. No interest is charged or earned on overnight positions aligned with the principles of Islamic finance.
This discovery is a major benefit for Colombian traders who have previously felt left out of the online trading industry due to religious limitations.
We must mention that the Islamic account serves a purpose beyond mere compliance. In addition, it is crucial to establish a trading environment that fosters healthy competition.
Colombian traders can benefit from highly competitive trading conditions, with spreads as low as 0.0 pips on the Raw Spread account and no commissions on the Standard account. This allows for cost-effective trading opportunities.
We were also impressed by the clear and open communication regarding the administrative fee that applies to overnight positions on the Islamic account.
In our opinion, this level of transparency is essential, and by disclosing the fee, IC Markets eliminates any unexpected expenses for Colombian traders.
IC Markets Professional Account
Colombian traders with experience in the field may find the IC Markets Professional Account worth their attention. After thoroughly examining this option, it becomes evident that it caters to individuals with significant trading expertise.
To be considered, it is essential to demonstrate a strong and proven track record. It is crucial to showcase a substantial trading history and a financial portfolio demonstrating your field experience.
Meeting this requirement may appear challenging, but ensuring that individuals who choose this account type fully comprehend the potential risks involved, particularly when engaging in high-volume trading, is necessary.
What are the benefits for those who meet the requirements? We discovered several notable advantages that caught our attention. Additionally, you will benefit from lower margin requirements and the ability to increase your leverage on positions.
Professional Account holders also benefit from dedicated customer support, which is an added advantage.
When handling larger volumes, having access to prompt and efficient support can be incredibly valuable. It is important to mention that with this account type, certain regulatory protections that are usually provided to retail clients are diminished.
IC Markets Demo Account
IC Markets recognizes the potential intimidation that comes with entering the trading world, particularly for individuals who are new to the markets.
They provide a safe and secure environment for Colombian traders to practice and refine their skills and strategies before entering the world of live trading. The demo account functions as a simulated trading platform, replicating actual market conditions while using virtual funds.
Colombian traders have the opportunity to explore various trading strategies without the worry of incurring any financial losses, thanks to a generous allocation of virtual funds.
Investors have the opportunity to explore a wide range of financial instruments, such as forex pairs, commodities, indices, and more, across all account types provided by IC Markets.
In our opinion and according to our experience, individuals can become acquainted with the trading platforms, experiment with technical indicators, and create a customized trading strategy using the demo account.
What types of accounts does IC Markets offer?
IC Markets offers three types of accounts: cTrader, Raw Spread, and Standard.
Which account is best suited for high-frequency traders?
The Raw Spread account is perfect for high-frequency traders because its low spreads start at 0.0 pips.
How To Open an IC Markets Account
To register an account with this broker, follow these steps:
Step 1 – Visit the official website of IC Markets and locate the green “Join Now” Button.
You can easily locate the registration form at the top of the webpage by looking for the green “Sign Up” banner.
Alternatively, for traders who have previously decided on their preferred account type, the “Start Trading” banner can be found in the top right corner of any page on the website.
Step 2 – Click on the Open Account button
We found that there isn’t much thought or effort required to complete the registration form, and you can expect to provide the following:
Your Full name, date of birth, and contact information (email and phone number).
Step 3 – Fill in all your personal details.
You must also upload the following to comply with IC Markets’ KYC process:
Passport, national identity card, or other government-issued photo ID, as well as a utility bill or bank statement from the past three months, to prove that you are a legal resident of the country.
Visit the official IC Markets website. Locate the “Open an Account” or “Live Account” button and click on it to initiate the registration process.
Upon accessing the registration form, you must furnish your personal information. Please provide your full details, including your full name, email address, and phone number.
Choose your country and currency from the options provided. Select Colombia as your country of residence and choose your preferred account base currency, USD or EUR.
You will be asked to complete a brief questionnaire regarding your trading experience and financial background as part of the regulatory requirements. Understanding your trading profile is important for IC Markets.
Once you’ve completed the registration form, IC Markets will promptly email you a verification link. Please click on the following link to verify your email address.
To complete the process, you must provide a valid government-issued ID, such as a passport or national ID, and proof of address, such as a utility bill or bank statement.
Review all the details you provided to ensure everything is accurate before moving forward. It is important to note that all electronic correspondence will be sent to your email address.
Once your documents have been verified, you can fund your trading account. IC Markets provides a range of deposit options to suit your needs, such as bank wire transfers, credit/debit cards, and online payment systems. The minimum deposit amount is 805,000 COP ($200).
Visit the “Quickstart” section on the IC Markets website and select the trading platform you prefer, such as MetaTrader 4, MetaTrader 5, or cTrader, to download it. Follow the provided instructions to install the platform on your device successfully.
Access the trading platform and choose ‘Login to Trade Account’ from the File menu. Provide your login credentials and choose the server linked to your account.
Broker Comparisson
🔎Features | IC Markets | Windsor Brokers | Octa |
🏛️Regulation | ASIC, CySEC, FSA, SCB | FSC, CySEC, JSC, FSA, CMA | CySEC, SVG FSA |
📊Trading Platform | MetaTrader 4 MetaTrader 5 cTrader TradingView MetaTrader 4 MetaTrader 5 XM Mobile App | MetaTrader 4 Windor Brokers App | Octa Trader Octa App MetaTrader 4 MetaTrader 5 |
💵Withdrawal Fee | No | Yes | No |
💻Demo Account | Yes | Yes | Yes |
💴Min Deposit | 805,000 COP ($200) | 201,300 COP ($50) | 101,000 COP ($25) |
📌 Leverage | 1:1000 | 1:500 | 1:500 |
✏️Spread | From 0.0 pips | 0.0 pips | 0.6 pips |
💰Commissions | From $3 to $3.5 | $8 Round Turn | None |
🤙Margin Call/Stop-Out | 100%/50% | 100%/20% | 25%/15% |
👉Order Execution | Market | Market, Instant | Market |
❌💵No-Deposit Bonus | No | Yes | No |
🛅Cent Accounts | No | No | No |
🗄️Account Types | cTrader Account Raw Spread Account Standard Account | MT4 Zero Account MT4 Prime Account VIP ZERO | OctaTrader Account Octa MetaTrader 4 Octa MetaTrader 5 |
⚖️FSC Regulation | No | No | No |
💵TWD Deposits | No | No | No |
🗄️TWD Account | No | No | No |
🧑💻Customer Service Hours | 24/7 | 24/5 | 24/7 |
🏪Retail Investor Accounts | 3 | 3 | 3 |
☪️Islamic Account | Yes | Yes | Yes |
📉Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
📈Maximum Trade Size | Unlimited | 50 lots | 500 lots |
⌚Minimum Withdrawal Time | Instant | Instant | 1 – 3 hours |
⌛Maximum Estimated Withdrawal Time | Up to 14 business days | Maximum 5 to 7 working days | 1 – 3 hours |
⏱️Instant Deposits and Instant Withdrawals? | Yes, on PayPal, Neteller, and Skrill | Yes | Yes, Deposits |
👉 Open Account | Open Account | Open Account | Open Account |
Trading Platforms
MetaTrader 4
MT4 is a trusted foundation for Colombian traders relying heavily on technical analysis. The platform’s charting tools and range of indicators perfectly align with the ever-changing Colombian market.
The one-click trading functionality is highly efficient and invaluable in the fast-paced Colombian forex landscape. It allows for quick execution of orders, even during significant price fluctuations in the market.
In addition, we have found that the MQL4 programming language is gaining popularity among traders in Colombia. This language allows them to automate their trading strategies with great effectiveness.
MetaTrader 5
MT5’s versatility is truly impressive. Colombian traders can expand their investment portfolios beyond just the forex market. They can explore other lucrative options, such as commodities like gold and oil, which have gained considerable attention in the region.
The platform’s integrated economic calendar is essential for staying updated on market-moving events that can potentially affect the Colombian peso.
The advanced pending order feature is an invaluable asset that allows traders to establish precise entry and exit points, which is crucial in the ever-changing Colombian market.
TradingView
We were attracted to TradingView’s social aspect, which perfectly complements the collaborative spirit of the Colombian trading community.
The platform offers a space for traders to connect, collaborate on ideas, analyze charts collectively, and gain insights from experienced Colombian professionals.
TradingView provides real-time data and alerts that have proven to be consistently accurate. These insights into the Colombian market can be invaluable for traders looking to identify and take advantage of emerging opportunities.
cTrader
Based on our extensive experience, cTrader offers a truly invigorating user experience. The interface is designed to be clean and intuitive, making it easy for even novice traders to navigate the Colombian market.
The depth of market feature is a major advantage of transparency because it lets you see the order book in real-time.
In addition, cTrader’s detachable charts are perfect for Colombian traders who need to keep an eye on multiple currency pairs simultaneously. This feature allows for easy multi-monitor setups, making it a valuable tool for financial professionals.
ZuluTrade
ZuluTrade’s copy trading feature is an invaluable tool for individuals who are new to the Colombian forex market. It provides a seamless experience for those who are still learning.
The platform creates a collaborative learning environment by enabling traders to engage with experienced professionals, which helps them in their growth and development.
For Colombian traders navigating a volatile market, safeguarding their capital is of utmost importance.
That’s why we highly recommend utilizing ZuluTrade’s risk management tools, including setting stop-loss levels. These tools are essential for protecting your investments and minimizing potential losses.
IC Markets Leverage and Margin
Our team has thoroughly examined IC Markets, and we were particularly impressed by the recent increase in leverage options for Colombian traders.
The maximum leverage of 1:1000 is impressive and offers a significant opportunity for experienced traders who are skilled in handling more risky trading strategies.
Transparency is of utmost importance in the realm of margin requirements, and IC Markets excels in this aspect.
Considering various factors, the margin percentage is clearly stated on their website and client agreement. Colombian traders have a comprehensive understanding of potential exposure, enabling them to make informed decisions.
We were delighted to find a concise explanation of margin call and stop-out levels. Implementing a risk management approach is absolutely essential, especially when dealing with higher leverage.
This strategy ensures that positions are automatically closed if margins reach dangerously low levels. This showcases a dedication to safeguarding traders, particularly those in Colombia with limited knowledge about the possible dangers of high leverage.
Is the IC Markets platform available in Spanish?
Yes, the IC Markets platform allows traders to select Spanish as their preferred language.
Can traders access the IC Markets systems using mobile devices?
Yes, IC Markets’ platforms are compatible with desktop and mobile devices, providing flexibility and convenience.
Range of Markets
We’re impressed with IC Markets’ 2,250+ instruments, and we believe this will be ideal for Colombian traders to diversify their investment portfolios. Let’s explore the details of each market offered:
IC Markets True ECN nature ensures traders get the lowest, most competitive spreads across various markets. Let’s explore the trading and non-trading cost categories Colombians can expect with IC Markets.
🔎Instrument ⚖️Number of Assets Offered 📈Max Leverage Offered
Forex 64 1:1000
Commodities 22 1:1000
Indices 25 1:200
Stocks 1,600 1:20
Cryptocurrency 18 1:200 (MT4/5), 1:5 (cTrader)
Futures 4 1:200
Bonds 11 1:200
Can Colombian traders utilize leverage to trade indices on IC Markets?
Yes, IC Markets allows you to trade indices with leverage up to 1:200.
Are any specific assets available to Colombian traders?
No. While IC Markets provides a global choice of assets, it does not offer local Colombian assets geared to localized traders.
Min Deposit
200 USD
Regulators
FSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low spreads
Account Activation Time
48 Hrs
Spreads and Fees
IC Markets True ECN nature ensures traders get the lowest, most competitive spreads across various markets. Let’s explore the trading and non-trading cost categories Colombians can expect with IC Markets.
IC Markets Spreads
Having investigated IC Markets for some time, our team has grown to value their True ECN methodology. For Colombian traders, in particular, who require quick execution and narrow spreads, it’s a revolutionary technology.
Those who trade at high frequency and scalpers will find the Raw Spread account a sanctuary because of its occasionally 0.0 pips spreads. The key is establishing the balance that works for your trading style because this account type involves commissions.
The Standard account is a good option for Colombians who would rather not pay commissions yet offer competitive spreads for various trading strategies.
IC Markets Commissions
Let’s talk commissions. A per-trade charge will be if you choose the Raw Spread account. Even while this doesn’t appear like an additional cost, for those who trade large volumes, the extraordinarily low spreads frequently make up for this.
For Colombian traders to stay away from any hidden fees and surprises, IC Markets’ commission structure is very straightforward. For instance, whereas the MT4/MT5 Raw Spread account costs $3.50 per standard lot per side, the cTrader Raw Spread account charges $3.
IC Markets Overnight Fees
Overnight fees are computed based on the interest rate differential between the currencies in the pair you are trading and become relevant when you leave a position open overnight.
For longer-term trades, in particular, we always advise Colombian traders to include these costs in their overall plan. On their website, IC Markets does offer a helpful swap calculator that allows you to estimate possible charges before you make a trade.
IC Markets Deposit and Withdrawal Fees
Another area in which IC Markets exhibits openness is with deposits and withdrawals. Though it’s best to check with third-party payment providers beforehand, most deposits are free.
Except for international bank transfers, which might incur a cost on the recipient bank’s end, withdrawals are also typically free.
IC Markets Inactivity Fees
Colombians don’t need to worry about inactivity fees with IC Markets, whether they trade actively or infrequently.
IC Markets Currency Conversion Fees
There might be a conversion fee if you are a Colombian trader depositing or withdrawing in a currency other than the base currency of your account, like COP.
This fee is usually a small fraction of the overall transaction and varies according to the particular currencies involved. For the most recent information on conversion rates and costs, in our opinion, it’s always better to confirm directly with IC Markets or visit their website.
Is there a deposit fee with IC Markets?
No. IC Markets does not impose deposit fees; nevertheless, third-party fees may apply.
Does IC Markets charge withdrawal fees?
No. However, although IC Markets does not typically charge withdrawal fees, some payment providers will.
IC Markets Deposit & Withdrawal Options
IC Markets doesn’t disappoint when it comes to deposit and withdrawal methods. Instant deposits and withdrawals are available, giving Colombian traders instant access to either their trading capital or their withdrawn funds.
Let’s explore each payment method and the process of using each category to deposit or withdraw funds.
💳Payment Method | 🌎Country | 🪙Currencies Accepted | ⏰Processing Time |
Credit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant – 5 days |
Debit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant – 5 days |
PayPal | All | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant |
Neteller | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
Neteller VIP | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
Skrill | All | AUD, USD, JPY, EUR, SGD, GBP | Instant |
UnionPay | China | RMB | Instant |
Bank Wire Transfer | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2 – 14 days |
Bpay | Australia | AUD | 12 hours – 3 days |
FasaPay | All | USD | Instant – 5 days |
Broker to Broker | All | AUD, USD, JPY, EUR, NZD, SGD, GPB, CAD, CHF, HKD | 2 – 5 days |
POLi | Australia | AUD | Instant – 3 days |
Thai Internet Banking | Thailand | USD | 15 minutes – 1 day |
Vietnamese Internet Banking | Vietnam | USD | Instant – 1 day |
Rapidpay | All | EUR, GBP | Instant – 5 days |
Klarna | All | EUR, GBP | Instant – 5 days |
IC Markets Deposits
How to Deposit using Bank Wire Step by Step
Select this choice in your IC Markets ‘Funds Management’ area to start a bank wire transfer.
Enter the amount you want to transfer along with your financial information.
Use the information IC Markets provided and confirm the transaction with your bank.
Submit the transaction; funds are usually credited in 2 to 14 days.
How to Deposit using Credit or Debit Card Step by Step
Under the deposit area of your IC Markets account, select credit/debit card.
Enter the deposit amount together with your card details.
Once you confirm the payment, your trading account should reflect the money almost instantly—though it may take up to five days.
How to Deposit using Cryptocurrency Step by Step
Choose the cryptocurrency choice and the kind you wish to use in the deposit area.
You’ll get a unique wallet address to transfer the funds.
Finish the transfer from your cryptocurrency wallet, and the deposit will be handled as soon as it is verified on the blockchain.
How to Deposit using e-Wallets or Payment Gateways Step by Step
Select the e-wallet of your choice within the deposit area.
Enter the deposit sum and sign into your e-wallet to complete the transaction.
Usually, the deposit is made instantly, so you may begin trading immediately.
IC Markets Withdrawals
How to Withdraw using Bank Wire Step by Step
Select “Bank Wire” in the “Funds Management” section.
Provide the amount of the withdrawal and your bank account details.
The money will be transferred to your bank account once you submit the request; it usually takes two to fourteen days.
How to Withdraw using Credit or Debit Cards Step by Step
Click on your IC Markets account’s credit/debit card withdrawal option.
Indicate the withdrawal amount that corresponds with your most recent.
The money should come in within the allotted period after the withdrawal procedure begins.
How to Withdraw using Cryptocurrency Step by Step
Select the cryptocurrency withdrawal method and enter the amount.
Please provide your external wallet address where the funds should be sent.
Once IC Markets processes your request, the monies will be transferred to your cryptocurrency wallet.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
Select e-wallet withdrawal in the ‘Funds Management’ section.
Enter the amount you want to withdraw and choose your e-wallet.
Confirm the withdrawal, and the funds should appear in your e-wallet shortly after processing.
Are credit card deposits immediate at IC Markets?
Yes, credit card deposits are usually completed immediately. However, they can take up to 5 days in some instances.
Can Colombian traders use cryptocurrency for deposits?
Yes, IC Markets accepts cryptocurrency deposits, which are processed once the transaction has been confirmed on the blockchain.
Min Deposit
200 USD
Regulators
FSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low spreads
Account Activation Time
48 Hrs
Educational Resources
IC Markets is often hailed as the best broker for beginners, and when we explored what this broker offers in terms of educational materials, we realized why. Furthermore, IC Markets didn’t disappoint regarding trading tools and research for more experienced traders.
📅Economic Calendar | Yes |
➡️VPS | Yes |
📊AutoChartist | Yes |
📈Trading View | No |
📉Trading Central | Yes |
📜Market Analysis | Yes |
🖺News Feed | Yes |
📹Blog | Yes |
📕eBooks | Yes |
🎥Educational Videos | Yes |
🗣️Platform Tutorials | Yes |
🤳🏻Webinars | Yes |
💻Seminars | No |
🗣️Live Support | Yes |
In addition to these resources, IC Markets also provides the following to Colombians:
Podcasts
IC Markets Global Blog
Forex Calculators
Web TV
Trading Knowledge
Forex Glossary
IC Markets Help Centre
TeamViewer
“Protecting Your Account”
Are there any live webinars accessible for Colombian traders at IC Markets?
Yes, IC Markets offers live webinars covering a variety of trading subjects and tactics.
Does IC Markets provide a trading blog?
Yes, IC Markets has a blog that features articles on trading tactics, market analysis, and financial news.
Bonuses and Promotions
Regrettably, our review uncovered no ongoing bonuses or promotions specifically catered to Colombian traders on IC Markets. However, we hope to see bonuses added to IC Markets’ website soon.
Affiliate Programs
Features
Upon evaluating IC Markets’ Global CPA Affiliate Program, we have been thoroughly impressed by its potential for Colombian traders with a well-established online presence.
We’ve found that this program sets itself apart from others by focusing on acquiring new clients rather than solely prioritizing high trading volumes from referrals.
Based on our research, you can earn a substantial commission of up to $650 for each qualified referral you bring in, regardless of whether they trade a large amount.
Therefore, if you’re based in Colombia and have already built a strong following on social media or other online platforms, this program offers a fantastic opportunity to generate substantial income from your influence.
You can earn commissions effortlessly by sharing your affiliate link and promoting IC Markets. This program’s competitive CPA model and IC Markets’ solid reputation as a reliable broker presents an appealing opportunity for individuals seeking to diversify their income streams.
We also found IC Markets’ customer support highly beneficial. They are available 24/7 and offer support in multiple languages.
If you have any questions or encounter any issues, they will be promptly addressed. This is particularly beneficial for Colombian affiliates who prefer assistance in Spanish.
In addition, they provide a range of marketing materials that can assist you in attracting a larger client base. We believe that this will make it simpler for you to promote their services and enhance your potential for earning.
How to Register an Affiliate Account with IC Markets Step-by-Step
Senegalese who want to partner with this broker can follow these easy steps to register and start reaping the rewards:
👉Step 1 – Select Join Now
Access the official website of IC Markets and navigate to the “Partners” section from the homepage.
👉Step 2 – Select Join Now
When you’ve read over the program details, locate and click the “Join Now” banner on the affiliate page. This will take you to a web application form.
👉Step 3 – Complete Registration Form
You will be asked for your full name, email address, and phone number. Because IC Markets will use this information for communication, accuracy is crucial here. You must then provide details about your website or other internet presence. This could be your website URL, social media accounts, or any other platform where you want to advertise IC Markets.
You will then come across a terms and conditions agreement. Before you tick the agreement box and send in your application, carefully read these conditions. Your application will be reviewed by the IC Markets affiliate team, who will also assess your program eligibility. Usually, it takes this procedure 24 to 48 business hours. You can expect to hear from the IC Markets team during this assessment, and they might request additional information and documents. To speed up the clearance process, answering any questions as soon as possible is best.
Open your web browser and navigate to the IC Markets homepage.
The “Partners” link is located above the Broker’s name on the site, between the “Client” and “Blog” links. To access the IC Markets Global Partners page, click this option.
Locate and click the “Learn More” option on this site under the CPA Affiliate Program section.
Read all of the information offered regarding the CPA Affiliate Program.
Understand the program’s primary benefits, CPA reward requirements, and eligibility conditions for participating.
After studying the program details, scroll down to “How to Become a CPA Affiliate.”
Click the “Sign Up Now” banner to start the registration procedure.
You’ll be redirected to the CPA Affiliate Program Application Form.
Complete the form with correct and comprehensive information, including your personal data, contact information, and any relevant business information. Before submitting the form, ensure that all mandatory fields are completed.
Submit the completed application form for assessment by the IC Markets affiliate team. After submitting your application, wait for the IC Markets staff to review it.
You will be contacted by email about the status of your application.
Once authorized, you will be given a unique affiliate link. This link is vital for tracking the clients you referred to IC Markets.
Distribute your affiliate link through all your marketing channels, including websites, social media platforms, and email campaigns. You will receive a commission for each qualified client that you refer.
Log into your affiliate account frequently; IC Markets’ affiliate dashboard lets you track your performance and earnings.
What marketing tools does IC Markets supply to its affiliates?
IC Markets offers affiliates a variety of marketing tools, such as banners, referral links, and promotional materials, to assist them in attracting new customers.
Can affiliates monitor their performance using IC Markets?
Can affiliates monitor their performance using IC Markets?
Affiliations can track their real-time performance with IC Markets’ extensive dashboard.
Customer Support
🖳Customer Support | IC Markets Customer support |
🕰️Operating Hours | 24/7 |
🎗️Support Languages | Portuguese, English, Vietnamese, Chinese |
💬Live Chat | Yes |
📧Email Address | Yes |
☎️Telephonic Support | Yes |
📱The overall quality of XM Support | 4.3/5 |
👉 Open Account | Open Account |
IC Markets Response Time
🖳Support Channel | Average Response Time | User-based Response Time |
☎️Phone | 5 minutes | 2 minutes |
24 hours | Same-day | |
💬Live Chat | 5 minutes | 4 minutes |
📱Social Media | 5 minutes | 2 – 3 minutes |
🧑🤝🧑Affiliate | 24 hours | Same-day |
👉 Open Account | Open Account |
What are the operating hours for IC Markets customer support?
IC Markets offers 24/7 customer service, guaranteeing that traders can access help anytime.
Is live chat assistance available on IC Markets' website?
Yes, the IC Markets website offers live chat help for immediate assistance.
Social Responsibility
There is currently no information on IC Markets’ CSR initiatives or projects.
IC Markets User Comments and Reviews
IC Markets is undoubtedly one of the most popular and well-known brokers globally. We’ve researched several reputable websites to get the opinions of existing clients. Here are the top most recent ones:
“The verification process was a little rough at first, but the customer service team was nice enough to help me through it. Since then, making payments and withdrawals has been easy and quick.”
“I joined IC Markets because they are known for being great for trading. They have, in fact, lived up to that, and I’ve been able to scalp my way to some good money. I did have some trouble proving my account, though—there were a lot of steps I had to take. But after that was taken care of, things have been pretty easy.”
“I’ve been with IC Markets for a while now, and their platform is very stable—it rarely goes down. But it seemed like help was always busy when I needed to talk to them. They were helpful when I finally got through, but they could do better. They’re a good option if you’re not in a hurry and want a safe place to trade.”
10 Best Forex Brokers in Colombia
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
Overall, IC Markets offers a compelling opportunity for Colombian traders who are looking for a versatile and competitive trading environment.
Their dedication to transparency, evident through their clear fee structures and segregated client funds, resonates with the trust-oriented culture of Colombian investors.
We also found a wide selection of trading platforms available, such as MetaTrader 4 and 5 and the modern cTrader, to accommodate various trading styles and preferences.
Moreover, their Raw Spread pricing model provides exceptionally narrow spreads, giving active traders in Colombia a notable edge.
However, despite these positives, we must indicate the drawbacks of dealing with IC Markets. Firstly, novice traders might be overwhelmed by IC Markets’ extensive product offerings and advanced features.
Secondly, although IC Markets offers educational resources, users might find a slightly steeper learning curve when compared to brokers with simpler interfaces.
In addition, the lack of COP-denominated accounts, deposits, and withdrawals could lead to expensive currency conversion fees for Colombians.
Despite these drawbacks, we still consider IC Markets a solid choice for Colombian traders who value competitive pricing, platform flexibility, and a transparent trading environment, despite a few minor drawbacks.
Their unwavering dedication to regulatory compliance and ensuring the safety of client funds firmly establishes them as a trusted broker in the Colombian market.
IC Markets Pros & Cons
✅Pros | ❌Cons |
IC Markets offers a large range of tradable instruments | The account verification can be complex and time-consuming |
There are robust and feature-rich platforms available across devices | Withdrawals can take up to two weeks, much longer than the processes of other brokers |
Colombians can expect tight, zero-pip spreads across major instruments and markets | Limited localized support and market materials |
IC Markets welcomes all types of traders, including scalpers, swing traders, etc. | Not regulated in Colombia |
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Our Recommendations on IC Markets
IC Markets is one of the best brokers for Colombian traders based on several features. However, there are some areas where the broker can improve, including the following:
Given the substantial leverage available on IC Markets, give targeted education on risk management measures, especially for inexperienced traders, to help them grasp the ramifications and strategies for mitigating potential losses.
Establish a local office or representation in Colombia to foster trust and serve as a point of contact for local traders, maybe facilitating seminars, workshops, and networking events.
Create a comprehensive educational platform with resources in Spanish, such as webinars, tutorials, and trading courses geared to different skill levels, to provide Colombian traders with the knowledge they need to trade confidently.
Streamline the account verification procedure with clear Spanish recommendations, and assist with document submission to provide Colombian customers with a smooth and less bureaucratic experience.
Our Insights
In my opinion IC Markets have a variety of features for traders. They have tight spreads, variety of platforms including MT4 and cTrader, and commission-free accounts. Just keep in mind they cater more for experienced traders in my opinion with their raw spread accounts and automation. If you’re new to forex trading, there might be better options with more educational resources.
Frequently Asked Questions
Are IC Markets regulated in Colombia?
No, the Colombian government does not actively regulate IC Markets. However, they are regulated by recognized international groups, which reassures Colombian traders.
How can Colombian traders stay up to date on market trends?
Colombian traders can access financial news, market research reports, internet trading communities, and educational webinars provided by brokers.
What leverage options are available for Colombian traders on IC Markets?
IC Markets provides high-leverage options, which can amplify trading positions, but should be used cautiously because of the higher risk of loss.
Can I deposit Colombian pesos (COP) into my IC Markets account?
No. IC Markets does not accept COP deposits directly. However, you can deposit in USD, EUR, or other major currencies, and your money will be converted automatically.
What are the typical spreads for prominent currency pairs like USD/COP and EUR/COP on IC Markets?
IC Markets doesn’t currently offer currency pairs that include COP. However, numerous exotic and minor pairs can be traded against major currencies such as the euro and the dollar.
What are the most often traded currency pairs among Colombian forex traders?
The most traded currency pairs among Colombian Forex traders are often EUR/USD, USD/COP, USD/JPY, and GBP/USD.