IC Markets Account Type

IC Markets offers several types of accounts tailored to different trading needs. The primary account types include:

• Standard Account:
• No commission on trades.
• Spreads starting from 1.0 pips.
• Suitable for beginners and casual traders.
• Raw Spread Account:
• Spreads starting from 0.0 pips.
• A small commission applies (typically around $3.50 per side).
• Ideal for high-frequency traders and scalpers looking for lower spreads.
• cTrader Account:
• Similar to the Raw Spread Account but uses the cTrader platform.
• Spreads from 0.0 pips with a commission structure.
• Designed for traders who prefer a different trading interface.
• Islamic Account:
• Available for clients who require a swap-free account.
• Complies with Islamic finance principles.
• Offered on both Standard and Raw Spread account types.

IC Markets Broker Account Opening Process

Opening a broker account with IC Markets is a straightforward process. Here are the steps involved:

• Visit the Website: Go to the IC Markets official website.

• Choose Account Type: Click on "Open a Live Account" or "Open a Demo Account" and select the account type that suits your trading needs (Standard, Raw Spread, cTrader, or Islamic).

• Fill in Personal Information: Provide necessary personal details including your name, email address, phone number, and address.

• Verify Identity: Upload required identification documents, such as a passport or driver's license, along with proof of address (utility bill or bank statement).

• Fund Your Account: After your account is approved, you can fund it using various methods such as bank transfer, credit/debit card, or e-wallets. IC Markets offers instant deposits and withdrawals with 0% commission.

• Start Trading: Once your account is funded, download the trading platform (MetaTrader 4/5 or cTrader) and begin trading.

By following these steps, you can easily set up your trading account with IC Markets and start your trading journey.