IC Markets Account Types

IC Markets offers a variety of account types to cater to different trading needs and preferences. The main account types include:

• Standard Account:
• Minimum deposit: $50
• Leverage: Up to 1:500
• Spread: Variable spreads starting from 1.0 pips
• Suitable for all traders, particularly beginners.
• ECN Account:
• Minimum deposit: $500
• Leverage: Up to 1:500
• Spread: Raw spreads starting from 0.0 pips with a commission fee.
• Ideal for professional traders seeking direct market access.
• cTrader Account:
• Minimum deposit: $200
• Leverage: Up to 1:500
• Spread: Raw spreads starting from 0.0 pips with a commission fee.
• Designed for traders who prefer the cTrader platform for enhanced trading features.
• Demo Account:
• Minimum deposit: Virtual funds.
• Purpose: Allows traders to practice and test strategies without financial risk.
• Access to all trading tools and features available in live accounts.
• Islamic Account:
• Available for all account types.
• Complies with Sharia law, offering swap-free trading conditions.

IC Markets Broker Account Opening Process

Opening an account with IC Markets involves a straightforward process:

• Visit the IC Markets Website: Navigate to the official website to start the registration process.

• Select Account Type: Choose the account type that suits your trading needs (Standard, ECN, cTrader, etc.).

• Complete the Application Form: Fill out the online application form with personal details, including:

• Full name
• Email address
• Phone number
• Country of residence
• Preferred account currency
• Verification Documents: Submit the required identification documents for verification:
• A valid government-issued ID (passport or drivers license).
• Proof of address (utility bill or bank statement).
• Fund Your Account: After verification, fund your trading account using one of the available payment methods:
• Bank transfer
• Credit/debit card
• E-wallets (e.g., PayPal, Skrill)

• Download Trading Platform: Once funded, download the trading platform (MetaTrader 4, MetaTrader 5, or cTrader) to start trading.

• Start Trading: After setting up the platform, you can begin trading in the forex market with real funds.

By following these steps, traders can efficiently open an account with IC Markets and access the forex trading world.