ICTrades.com-Overview of Minimum Deposit, Leverage, Spreads

Note: For some unknown reason, we cannot open ICTrades.coms official site (https://www.ictrades.co/) while writing this introduction. Traders need to be careful about this issue.

General Information & Regulation

ICTrades.com is allegedly an unregulated forex and CFD broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with leverage up to 1:400 and variable spreads from 0.6 pips on the industry-standard MetaTrader4 trading platform, as well as a choice of four different live account types.

Market Instruments

ICTrades.com advertises that it offers a wide range of trading instruments in financial markets, including 50 currency pairs, some of which minor or exotic, as well as various CFDs on commodities, precious metals, indices, stocks and cryptocurrencies of Bitcoin, Ethereum, Ethereum Classic, Ripple, Dash and Litecoin.

Account Types

There are four live trading account types offered by ICTrades.com, namely Classic, Gold, Platinum and VIP. Opening a Classic account requires the minimum initial deposit amount of $1,000, while the other three account types have much higher minimum initial capital requirements of $10,000, $25,000 and $100,000 respectively. The broker also offers a MAM account, which is a managed account, where you authorize the broker to manage your funds.

Leverage

A leverage ratio of up to 1:400 is offered by ICTrades.com, which is much higher than that provided by most brokers. Remember that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

ICTrades.com claims that different account types can enjoy quite different spreads. Specifically, the clients on the Classic account can experience fixed spreads of 3 pips, while the Gold account holders can enjoy spreads from 0.6 pips.

Trading Platform Available

The platform available for trading at ICTrades.com is the worlds most trusted and popular MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The minimum initial deposit requirement at ICTrades.com is as high as $1,000, while with most brokers you should be able to start trading with $250 or even only $10. However, the broker says nothing about the minimum initial deposit requirement.

Customer Support

ICTrades.com‘s customer support can be reached by telephone: +44 2039 948804, email: support@ictrades.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.