Forex Groups broker Accounts

IC Markets Account Type

IC Markets offers various types of forex trading accounts to cater to different trading needs and styles. The main account types include:

• Standard Account
• Minimum deposit: $50
• Lot size: Standard lot (100,000 units)
• Leverage: Up to 1:1000
• Spread: Variable, starting from 1 pip
• ECN Account
• Minimum deposit: $500
• Lot size: Can trade in micro (1,000 units), mini (10,000 units), and standard lots
• Leverage: Up to 1:500
• Spread: Low spreads, starting from 0 pips (commission applies)
• cTrader Account
• Minimum deposit: $200
• Lot size: Micro, mini, and standard lots available
• Leverage: Up to 1:500
• Spread: Low spreads, starting from 0 pips (commission applies)
• Demo Account
• Minimum deposit: Virtual funds
• Allows traders to practice trading strategies without financial risk.
• Islamic Account
• Swap-free accounts available for traders who follow Islamic finance principles.

IC Markets Broker Account Opening Process

Opening an account with IC Markets involves several straightforward steps:

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

• Complete the Registration Form: Visit the IC Markets website and fill out the online registration form with your personal information.

• Identity Verification: Provide identification documents, such as a passport or driver's license, and proof of address (utility bill or bank statement).

• Fund Your Account: Select a payment method to deposit funds into your trading account. Accepted methods include bank transfers, credit/debit cards, and e-wallets.

• Download Trading Platform: Download the trading platform of your choice (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.