What is ICATrading.com?
ICATrading.com is an online forex broker that offers trading in a wide range of currency pairs. The company is headquartered in the Republic of Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
ICATrading.com offers its clients a choice of two account types – Standard and ECN. Both account types offer leverage of up to 1:500 and margin requirements from 0.5%. The Standard account has a minimum deposit of $100, while the ECN account requires a minimum deposit of $500.
The broker provides its clients with access to the popular MetaTrader 4 (MT4) trading platform. ICATrading.com also offers mobile trading apps for Android and iOS devices.
In terms of security, ICATrading.com uses SSL encryption to protect the personal and financial information of its clients. The broker also segregated client funds into separate accounts at tier-1 banks.
Is ICATrading.com a Legit or Scam Forex Broker?
The foreign exchange (forex) market is a decentralized global marketplace where currencies are traded. It’s the largest financial market in the world, with an average daily trading volume of more than $5 trillion.
While the forex market is open 24 hours a day, it doesn’t mean that you should trade around the clock. The best time to trade is when there is high liquidity and activity in the market.
ICATrading.com is a forex broker that offers online trading in currency pairs, CFDs, and precious metals. The company is headquartered in Belize and has offices in Europe, Asia, and South America. ICATrading.com is regulated by the International Financial Services Commission (IFSC) of Belize.
The broker provides two account types – Standard and ECN – for its clients. The Standard account requires a minimum deposit of $250 and has a leverage of up to 1:500. The ECN account requires a minimum deposit of $500 and has a leverage of up to 1:200. Both account types offer floating spreads starting from 0 pips on major currency pairs.
ICATrading.com uses the MetaTrader4 (MT4) platform for desktop, web, and mobile trading. The MT4 platform is one of the most popular platforms among retail traders as it offers advanced charting tools, a wide range of indicators, and Expert Advisors (EAs).
The broker also
What Are the Pros and Cons of ICATrading.com?
ICATrading.com is a forex broker that offers online trading in more than 60 currency pairs, as well as CFDs on commodities, indices, and metals. The company is headquartered in Limassol, Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
ICATrading.com provides its clients with a choice of two trading platforms: the MetaTrader 4 platform and the company’s own web-based platform, WebTrader. Both platforms offer order execution with no requotes or delays, as well as real-time market quotes, charts, and news.
The main advantages of ICATrading.com are:
– A wide range of tradable instruments: In addition to forex pairs, ICATrading.com clients can trade CFDs on indices, metals, and energies.
– Negative balance protection:ICATrading.com protects its clients’ accounts from going into negative balance by automatically closing out losing positions when margin requirements are not met.
– Low minimum deposit: The minimum deposit for an ICATrading.com account is just $100.
– Flexible leverage: Leverage can be as high as 1:500 for forex pairs and 1:200 for other instruments.
Some potential disadvantages of ICATrading.com include:
– Limited educational resources : The broker’s website does not offer much in the way of educational resources for
How to Sign Up with ICATrading.com
Assuming you would like a detailed description of the sign-up process on ICATrading.com:
The first step is to go to the ICATrading.com website and click on the “Open an Account” button at the top of the page. This will take you to the account opening form.
On the account opening form, you will need to enter your personal information including your name, address, email, and phone number. You will also need to create a username and password for your account.
Once you have completed the account opening form, click on the “Submit” button. Your account will then be created and you will be able to log in and start trading.
Conclusion
ICATrading.com appears to be a legit forex broker, however there are some complaints about withdrawals being delayed. It’s always important to do your own research before investing any money, and to withdrawal your profits as soon as possible to avoid any issues.