ICM broker Accounts

icm Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: icm Account Types Overview

icm Account Types Explained

ICM offers several account types tailored to meet the needs of various traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:

1. ICM Direct Account

• Minimum Deposit: $100
• Spread/Commission Structure: No commission; spreads start from 1.2 pips.
• Leverage Options: Up to 1:200.
• Key Features: Market execution, available in multiple currencies (USD, EUR, GBP, SGD), and access to a wide range of trading instruments.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs.

1. ICM Zero Account

• Minimum Deposit: $200
• Spread/Commission Structure: Spreads from 0 pips with a commission of $7 per round lot.
• Leverage Options: Up to 1:200.
• Key Features: Market execution, lower spreads, and access to advanced trading tools.
• Target User Profile: Ideal for experienced traders who prefer lower spreads.
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs.

1. ICM Cent Account

• Minimum Deposit: $10
• Spread/Commission Structure: No commission; spreads start from 1.5 pips.
• Leverage Options: Up to 1:200.
• Key Features: Allows trading in smaller increments, making it suitable for beginners.
• Target User Profile: Best for novice traders looking to practice with lower stakes.
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: ICM Cent Account
• Intermediate Traders: ICM Direct Account
• Advanced Traders: ICM Zero Account

Part 2: icm Account Features Comparison

Detailed icm Account Features

When comparing the features of different icm account types, the following aspects are considered:

• Minimum Deposit:

• ICM Direct: $100

• ICM Zero: $200

• ICM Cent: $10

• Maximum Leverage:

• All account types offer leverage up to 1:200.

• Spreads (Typical/Minimum):

• ICM Direct: From 1.2 pips

• ICM Zero: From 0 pips

• ICM Cent: From 1.5 pips

• Commission Fees:

• ICM Direct: None

• ICM Zero: $7 per round lot

• ICM Cent: None

• Lot Size:

• ICM Direct: 0.01 of a Standard Lot

• ICM Zero: 0.01 of a Standard Lot

• ICM Cent: 0.01 Micro Lot

• Available Trading Platforms:

• All accounts support MT4, MT5, and cTrader.

• Execution Type:

• All accounts utilize Market Execution.

• Islamic Account Availability:

• Swap-free accounts are available for clients following Islamic finance principles.

• Demo Account Features:

• ICM offers demo accounts for all types, allowing traders to practice without risk.

Advantages of Each Account Type

• ICM Direct:

• No commission fees.

• Suitable for beginners.

• Access to a wide range of instruments.

• ICM Zero:

• Extremely low spreads.

• Ideal for scalpers and day traders.

• Advanced trading tools available.

• ICM Cent:

• Low minimum deposit.

• Perfect for practicing trading strategies.

• Allows trading in smaller increments.

Disadvantages of Each Account Type

• ICM Direct:

• Higher spreads compared to ICM Zero.

• ICM Zero:

• Higher initial deposit requirement.

• Commission fees can add up for frequent traders.

• ICM Cent:

• Limited to smaller trade sizes, which may not suit all trading strategies.

Part 3: icm Account Opening Requirements

icm Account Registration Requirements

To open an account with ICM, traders must meet the following eligibility criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: ICM accepts clients globally, excluding residents from the USA and certain restricted countries.
• Prohibited Countries: Specific countries may have restrictions due to regulatory compliance.
• Identity Verification Documents Needed:
• A valid government-issued ID (passport or national ID).
• Proof of Residence Requirements:
• Recent utility bill, bank statement, or any official document showing the residential address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

ICM adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring all clients to verify their identity and residence before account activation.

Verification Time Frames

The verification process typically takes a few hours to a couple of days, depending on the completeness of the submitted documents.

Part 4: icm Account Opening Process

Step-by-Step icm Account Opening Guide

1. Visit Website and Click Registration:

• Go to the ICM official website and select the option to open a new account.

1. Personal Information Entry:

• Fill in your first and last name, email address, and phone number.

1. Choose Account Type:

• Select the desired account type (ICM Direct, ICM Zero, or ICM Cent).

1. Set Trading Preferences:

• Choose your preferred trading platform and currency.

1. Document Upload:

• Upload the required identity verification and proof of residence documents.

1. Account Verification:

• Wait for the ICM team to verify your documents and activate your account.

1. Fund Your Account:

• Deposit funds using the available payment methods.

1. Start Trading:

• Once your account is funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with mobile offering a more streamlined experience for quick sign-ups.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, accounts are approved within a few hours to a couple of days, depending on the volume of applications.

How to Upgrade/Downgrade Account Types

Traders can request changes to their account type through the ICM support team, subject to the terms and conditions of the respective accounts.

Part 5: icm Demo Account Information

icm Demo Account Guide

ICM provides demo accounts to allow traders to practice trading without financial risk.

• Demo Account Features and Benefits:

• Access to the same trading platforms as live accounts.

• Ability to trade with virtual funds.

• How to Open a Demo Account:

• Follow the same registration process as for live accounts, selecting the demo option.

• Demo Account Limitations:

• Limited duration, typically expiring after a set period (e.g., 30 days).

• Virtual Balance Amount:

• Usually set at $10,000 or similar for practice purposes.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money.

• Duration/Expiry of Demo Accounts:

• Demo accounts typically expire after 30 days of inactivity.

Part 6: icm Islamic Account (if available)

icm Islamic Account Details

ICM offers swap-free accounts for clients who adhere to Islamic finance principles.

• Swap-Free/Islamic Account Availability:

• Available upon request for all account types.

• Eligibility Requirements:

• Clients must indicate their need for a swap-free account during registration.

• Differences from Standard Accounts:

• No swap fees applied on overnight positions.

• How to Apply for Islamic Account:

• Request during the account opening process or contact customer support.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles, with no interest-bearing transactions.

FAQs – icm Account Types & Opening

1. What account types does icm offer？

• ICM offers Direct, Zero, and Cent accounts.

1. What is the minimum deposit for each account type？

• ICM Direct: $100, ICM Zero: $200, ICM Cent: $10.

1. How long does icm account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does icm offer demo accounts？

• Yes, ICM provides demo accounts for practice trading.

1. Can I have multiple account types with icm？

• Yes, clients can open multiple account types.

1. Does icm offer Islamic/swap-free accounts？

• Yes, ICM offers swap-free accounts upon request.

1. What documents do I need to open a icm account？

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.