IC Markets Account Type

IC Markets offers a variety of account types tailored to meet the needs of different traders. The primary account types include:

• Standard Account:
• Minimum Deposit: $200
• Spreads: Variable spreads starting from 1.0 pips
• Commission: No commission on trades
• Leverage: Up to 1:500
• Suitable for beginners and casual traders.
• Raw Spread Account:
• Minimum Deposit: $200
• Spreads: Raw spreads starting from 0.0 pips
• Commission: $3.50 per lot per side
• Leverage: Up to 1:500
• Ideal for experienced traders seeking lower spreads.
• cTrader Account:
• Minimum Deposit: $200
• Spreads: Raw spreads starting from 0.0 pips
• Commission: $3.00 per lot per side
• Leverage: Up to 1:500
• Designed for traders who prefer the cTrader platform.
• Demo Account:
• Virtual funds for practice trading
• No financial risk
• Ideal for beginners to test strategies.
• Islamic Account:
• Swap-free account compliant with Sharia law
• Available for all account types
• No interest fees on overnight positions.

IC Markets Broker Account Opening Process

Opening an account with IC Markets involves the following steps:

• Choose Account Type: Select the account type that best fits your trading style and needs (Standard, Raw Spread, cTrader, Demo, or Islamic).

• Complete Application Form: Visit the IC Markets website and fill out the online application form with personal details, including:

• Name
• Email address
• Phone number
• Address
• Date of birth
• Verify Identity: Provide identification documents such as:
• Government-issued ID (passport or drivers license)
• Proof of address (utility bill or bank statement)

• Fund Your Account: Make an initial deposit. The minimum deposit varies depending on the account type but is typically set at $200.

• Download Trading Platform: After your account is approved, download the trading platform (MetaTrader 4, MetaTrader 5, or cTrader) to start trading.

• Start Trading: Once your account is funded and the platform is set up, you can begin trading in the forex market.

For more details, visit IC Markets.