MyFxBots In-Depth Review of ICTrading

The account comparison lists Standard, MetaTrader Raw Spread and cTrader Raw Spread. Standard is commission-free with spreads from 0.8 pips; MetaTrader Raw Spread advertises spreads from 0.0 pips with a USD 3.50 commission per lot per side; cTrader Raw Spread lists USD 3 per USD 100,000 traded. A demo account is available, with up to USD 250,000 in virtual funds. Swap-free access is advertised across account types and platforms for more than 50 instruments, but holding fees apply to positions kept overnight. The website says company accounts can be opened; it does not provide detailed institutional-account or managed-account terms. A partner contact address is listed, but partner-program details do not establish a money-management or copy-trading account.

The funding page shows Visa and Mastercard, Skrill, Neteller, STICPAY, bank transfer, cryptocurrency and local-payment channels. Listed currencies include AUD, USD, EUR, GBP, SGD, NZD, JPY, HKD, CHF and CAD for card, wallet and bank-transfer routes; crypto funding lists USDT, USDC, BTC and ETH. Local-payment currencies are displayed as RL, VND, PHP, JPY, MYR and THB; the page does not explain the “RL” code. Deposits are generally processed instantly, wire transfers are shown at 2–5 business days, and crypto at instant to two hours; provider delays can apply. The company says it charges no additional deposit or withdrawal fees, but intermediary and international banking fees may apply. Withdrawals must be submitted through the client area and cannot be sent to third parties. Local transfers are estimated at 1–2 business days, international transfers at 2–14 business days, card refunds at 3–5 days (up to 10 in rare cases), and e-wallet withdrawals are credited after processing; crypto may take up to two hours.

The Standard account lists spreads from 0.8 pips and zero commission. MetaTrader Raw Spread lists spreads from 0.0 pips and USD 3.50 per lot per side (USD 7 round turn for a USD-based account). The help page shows Raw Spread round-turn commission equivalents varying by account currency. cTrader Raw Spread lists USD 3 per USD 100,000 traded (USD 6 round turn). These are advertised starting terms, not guaranteed live prices. The website’s FAQ and comparison pages do not align perfectly on account coverage, so verify the applicable account schedule in the client area. Swap-free holding fees, conversion charges and third-party payment costs may also apply.

The maximum shown in the account comparison and on the homepage is 1:500. Product pages give lower maxima for some markets: indices, bonds, futures and digital-currency CFDs are listed at up to 1:200, while forex and commodities show up to 1:500. Actual leverage and margin requirements may vary by instrument and account. Leverage magnifies both gains and losses; the risk disclosure warns that clients may lose all their initial capital.

The website promotes a volume-based commission-rebate programme for eligible live-account clients, excluding demo accounts. Rebates increase by trading volume, and the terms describe tiered rewards and continued-volume requirements. This is not a guaranteed welcome bonus or a cash payment available to every client. Eligibility, qualifying volume, products and current terms should be checked before relying on any rebate.

The site offers MetaTrader 4, MetaTrader 5 and cTrader. Its platform comparison describes access across devices and includes desktop, browser and mobile availability, but it does not enumerate each operating system in the material reviewed. Product access can differ by platform: for example, the market pages specifically identify stock CFDs on MetaTrader 5 and show futures on MetaTrader 4 and MetaTrader 5. Confirm the instrument and device combination before opening an account.

The site advertises more than 2,850 instruments, including 61 forex pairs, 25 indices, approximately 2,100 stock CFDs, more than 22 commodities, nine bonds, digital-currency CFDs and five popular futures. These are CFDs rather than direct ownership of the underlying assets. Available markets, trading hours, leverage and swap-free eligibility vary by product and platform.

The website identifies Capital Point Trading Ltd as the provider and states that it is regulated by the Financial Services Commission of Mauritius under licence GB21026834. It says client funds are held in a segregated trust account with international banks and that electronic payments use SSL encryption. These are provider disclosures, not guarantees against market loss or insolvency. The Mauritius regulator’s register could not be reliably extracted during this review, so the current licence status and regulator-listed office could not be independently confirmed from that register. The company’s risk disclosure warns that CFDs can result in rapid losses and loss of all initial capital. Negative-balance protection was not verified for all clients.

Support is advertised 24/7 through live chat, [email protected] and telephone +230 215 8013. The contact page also lists [email protected], [email protected], [email protected] and [email protected]. English is available on the website; the complete support-language schedule was not verified.

The website provides a “Learn to Trade” area and says it offers free online courses, webinars and podcasts, alongside educational articles and a trading blog. Availability and scheduling of live sessions were not independently established from the reviewed pages. Education explains concepts; it does not remove trading risk.

Public tools include an economic calendar, forex calculator, market forecasts and blog commentary. The range-of-products pages also link to product specifications. The scope and update schedule of any research feed were not fully detailed in the public material reviewed.

No independently verified award win was found for this legal entity in the official award-provider results reviewed. Awards for a similarly named but legally separate brand or platform claims such as “award-winning platform” are not attributed to this company.

ICTrading may interest traders looking for MT4, MT5 or cTrader, several account structures and broad CFD access. Compare the commission schedule in your account currency, check the overnight holding fees for any swap-free instruments, and verify the payment route available in your country. The Mauritius regulatory disclosure, the mismatch in public account descriptions and the 1:500 leverage ceiling call for careful review. Leveraged CFDs are not suitable for everyone.