Overview of IVY Markets
IVY Markets is an online trading broker that provides traders access to global financial markets. Launched in 2021, the company has quickly gained popularity among both new and experienced traders. It allows individuals to trade contracts for difference (CFDs) across global financial markets from currencies and commodities to stocks, indices, and cryptocurrencies. The platform is powered by state-of-the-art trading technology and offers a fully responsive web and app experience.
Pros and Cons
Some of the key pros of IVY Markets include tight spreads from 0.1 pips, advanced trading platforms, access to major asset classes, and 24/5 live chat support. The main potential con is its relatively short history of operations compared to larger established brands. However, IVY Markets continues to invest heavily in its technology and service offerings.
Is IVY Markets legit ？
It has been verified that this broker currently has no valid regulation, which means does not operate legally.
Market Instruments
IVY Markets provides traders access to CFDs across 80+ trading instruments including forex, stocks, indices, commodities, cryptocurrencies, and more. Popular tradable assets include currencies like EUR/USD, GB/USD, and USDJPY along with indices like FTSE 100, DAX 30, and commodities like gold, silver, and oil. Traders can also venture into emerging markets with CFDs on cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Account Types
In summary, the main account types are Standard, Professional, Zero, Pro, Raw Spread, and PRO.
- Standard - The most popular account for all types of traders. The minimum investment amount depends on the payment system, spread from 0.2 pips.
- Professional - Accounts for experienced traders with low/no spread and commission. The minimum deposit is $200, spread from 0 pips, and commission up to $3.50 per lot.
- Zero - Zero spread on top 30 instruments, market execution, no requotes. Minimum deposit is $200.
- Pro - Instant execution with zero commission and low spread. The minimum deposit is $200, spread from 0.1 pips, with no commission.
- Raw Spread - Lowest spreads with fixed commission per lot. Market execution. Minimum deposit is $200.
- PRO - For new traders, trade with a low spread to start. Minimum investment depends on a payment system, spread from 0.3 pips, no commission. Maximum leverage 1:400.
How to Open an Account with IVY Markets
- Choose the Account Type
Decide which account type is suitable based on your needs, experience level, deposit amount, etc. Popular options include Standard, Professional, Zero, and Pro.
- Register on the IVY Markets Website
Go to the IVY Markets website and click “Open Account” or “Register”. Fill out the required personal details to register.
- Verify Your Identity
You will need to upload identity verification documents like a passport, driver's license, or utility bill to verify your identity.
- Make a Minimum Deposit
Deposit the minimum required fund for your account type via bank transfer, debit/credit card, e-wallets, etc. The minimum is usually $200-500 depending on the account.
- Accept Terms and Conditions
Review and accept the legal terms and conditions for your account and trading activity.
- Your Account is Ready
Once your deposit clears and documents are verified, your new IVY Markets trading account will be ready to use.
- Download Trading Platform
Download the MetaTrader4 or MetaTrader5 platform and log in to begin trading forex, CFDs or other markets.
- Start Your Trading Journey
You can then start opening and managing trades, using analysis tools, and getting trading support from IVY Markets.
Leverage
IVY Markets offers flexible leverage up to 1:500 on micro-lot accounts and 1:30 on standard mini-lot accounts. Leverage and lot sizes can help amplify profits but also increase risks. The broker uses industry-standard contract specifications with all trades resulting in cash settlement only rather than physical delivery. Margin requirements vary with each market and instrument to minimize risks for traders.
Spreads & Commissions
IVY Markets offers different account types with varying spread and commission structures:
Standard and VIP accounts
- Spreads starting from 0 pips on major FX pairs like EUR/USD
- Fixed spreads from 3 pips on currencies against Emerging Market currencies
- Average round-turn spread of 2-3 pips
- Commission-free trading
Raw Spread accounts
- Raw spreads starting from 0 pips
- Round commissions of up to $3.50 per lot
Overnight swap or rollover fees may apply depending on the positions held. However, IVY Markets is generally known for its tight, competitive spreads and lack of commissions on standard accounts. This makes it a cost-effective option for most trading needs.
Other Fees
Besides overnight swaps, other fees that may apply at IVY Markets include inactivity and dormant account fees if the account has no trading activity for a specified period. Currency conversion fees are applicable when depositing and withdrawing funds in a currency different than the account base currency. Wire transfer fees may also apply for deposit/withdrawal by wire. However, deposits by debit/credit cards and e-wallets like Skrill are commission-free.
- No deposit or withdrawal fees
- Inactivity fees: 0.015% per month for accounts with no trading for 6+ months
- Fees are charged in the crypto asset used to open the position
- exact rates vary based on the number of days until position closure
Trading Platform
MetaTrader 5: Trade CFDs on your favorite trading instruments using MetaTrader 5. A powerful platform for currency pairs and other financial instruments CFD trading, the MetaTrader 5 is free to download on IVY Markets Limited.
Deposit & Withdrawal
Deposit options at IVY Markets include bank wire, credit/debit cards, e-wallets, and payment processors. Card deposits are instant while bank transfers take 1-3 business days. The minimum deposit amount is $/€/£200. Withdrawals are free and processed within 1-5 business days depending on the payment method. Traders need to complete ID verification before withdrawal limits can be increased. Withdrawals are processed in the same method as deposits.
Customer Support
- Email: support@ivy-markets.com
- Phone: +66265944008
- Registered Office Address: Vonovo Road - Fomboni Island of Mohéli - Comoros Union
- Physical Address: 111/57 Moo 11, Soi Rewadee, Tiwanon Road, TalatKhwan Subdistrict, Nonthaburi 11000, Thailand
- Contact Form: Available on their website
Educational Resources
IVY Markets offers various educational resources to help traders of all levels learn and enhance their trading skills:
A comprehensive online trading school that provides free educational courses, seminars, webinars, eBooks, and video tutorials. These cover essential concepts of forex, CFDs, technical analysis, money management, and trading strategies.
Regular reports on market drivers, economic events, and trade recommendations help traders stay updated on the latest market trends and insights to aid decision-making.
An integrated AI analytics and experts' insights tool to help traders discover opportunities, time trades effectively, and manage risk. Various subscription packs are available at deposit levels.
A live calendar of key global economic data releases and events to keep traders informed of market movers and ensure well-timed trading decisions.
Conclusion
Overall, IVY Markets delivers a secure and transparent environment for traders of all levels by combining low-cost trading, educational resources, and essential features in one place. For both beginners and professionals, it remains a reliable choice to access global markets.
FAQs
Is IVY Markets regulated？
It has been verified that this broker currently has no valid regulation. Please be aware of the risk! United StatesNFA (license number: 0563765) The regulatory status is abnormal, the official regulatory status is unauthorized. Please be mindful of the risk!
What account options does IVY Markets provide？
A: IVY Markets offers Standard, Professional, Zero, Pro, Raw Spread, and PRO accounts catering to different trader types and needs with varying features like spreads, commissions, and leverage.
What products can be traded on IVY Markets？
IVY Markets supports CFD trading on over 80+ instruments including forex, stocks, indices, commodities, metals, and cryptocurrencies. Popular assets include major currency pairs, gold/silver, and stock indices.
What learning resources are available on IVY Markets？
Traders can access webinars, eBooks, courses, videos, and economic calendars through the Online Trading Academy to develop their trading skills and market knowledge.
What is IVY Markets's support system like？
A: IVY Markets provides 24/7 multilingual support through live chat, phone, email and tickets. Customer service agents are available to help with queries regarding accounts, trading, deposits and withdrawals.
Risk Warning
Online trading poses substantial risks, with the potential for complete loss of invested capital, rendering it unsuitable for all traders. It is imperative to comprehend the inherent risks and acknowledge that the information provided in this review is subject to change due to continuous updates in the company's services and policies.
2024-11-12 19:08
