IC Markets Account Type

IC Markets offers a variety of forex trading accounts to cater to different trading styles and experience levels. The main types of accounts available include:

• Standard Account:
• Minimum Deposit: $50
• Leverage: Up to 1:500
• Spread: Variable spreads starting from 1.0 pips.
• Suitable for traders looking for a traditional trading experience with low costs.
• ECN Account:
• Minimum Deposit: $500
• Leverage: Up to 1:500
• Spread: Raw spreads starting from 0.0 pips with a commission of $3.0 per lot.
• Ideal for professional traders who require high execution speed and low trading costs.
• cTrader Account:
• Minimum Deposit: $200
• Leverage: Up to 1:500
• Spread: Raw spreads starting from 0.0 pips with a commission of $3.0 per lot.
• Designed for traders who prefer using the cTrader platform for its advanced trading tools.
• Demo Account:
• Allows traders to practice trading with virtual funds.
• No financial risk involved.
• Access to all trading tools and features as in live accounts.
• Islamic Account:
• Swap-free account designed for traders who follow Islamic finance principles.
• No overnight interest charges.

IC Markets Broker Account Opening Process

To open an account with IC Markets, follow these steps:

• Choose Account Type: Decide which type of account suits your trading needs (Standard, ECN, cTrader, Demo, or Islamic).

• Register Online:

• Visit the IC Markets website.
• Click on the “Open Account” button.
• Fill out the online registration form with your personal details (name, email, phone number).
• Verify Your Identity:
• Upload identification documents (passport or drivers license) and proof of address (utility bill or bank statement).
• This step ensures compliance with regulatory requirements.
• Fund Your Account:
• Choose from various funding methods (bank transfer, credit/debit cards, or e-wallets).
• Ensure you meet the minimum deposit requirement for your chosen account type.
• Download Trading Platform:
• Download MetaTrader 4, MetaTrader 5, or cTrader based on your account type.
• Log in using the credentials provided by IC Markets.
• Start Trading:
• Familiarize yourself with the platform and its features.
• Begin trading with real funds once you feel confident.

By following these steps, you can successfully open an account with IC Markets and start your forex trading journey.