- June 27, 2021
- Posted by: ForexTradeOn
- Category: IC Markets broker review
IC Markets is a leading forex and CFD broker founded in Sydney in 2007. It has a number of offerings of investments like stock indices, crypto currencies, commodities, bonds, and equity markets.
IC Markets also provides a useful toolbox for the MT4 traders which can give them the most from the platform and enhance their trading experience. This toolbox includes a number of online tools, each with its features and advantages.
This tool provides you with the latest news and forecasts as well as seeing the upcoming events in the economic calendar. You can then apply a filter and make edits as you wish in the newsfeed.
There is also a specific tab to access educational content from this tool which is kinda useful.
This tool helps you get notifications about the latest updates in the market as well as the ability to send automatic updates to your followers on Twitter.
This tool shows you the correlation between two or more symbols over a timeframe and this correlation is measured between -100 and +100.
- The +100 means that the relation between these symbols is positive. In other words, if one of them goes high, the other one will do as well and vice versa.
- The -100 means that the price movements in symbol A and B have been exactly opposite.
IC Markets – Research – Correlation Trader
Using this tool. You can display real-time data in excel
The market manager app shows you a watchlist of symbol prices and the open positions with the ability to close positions and open new one.
IC Markets – Research – Market Manager
The stealth orders allow you to hide your entry and exit levels from the market. The thing is that the stealth orders are only processed if the app is running and connected to your broker.
This is mainly a charting tool where you can show tick charts in a variety of styles.
IC Markets – Research – Tick Charts
The session map shows your current local time in relation to “sessions” during the trading day,
IC Markets – Research – Session Map
With trade terminal tool, you can access 5 main features which are:
- Account summary
- Order list
- List of market categories
- Central trading panel
- Quick-access trading panel
The Sentiment Trader helps you by displaying information about current and historic long/short sentiment which is the percentage of traders who currently have (or had) an open buy or sell position in a symbol.
IC Markets – Research – Sentiment Trader
There are other useful tools within IC Markets like the Forex Calculator which you can use to measure pips, currencies, margins, and profits.