IC Markets Account Type

IC Markets offers several types of trading accounts tailored to different trading styles and experience levels. The main account types include:

• Standard Account:
• Minimum Deposit: $200
• Lot Size: 100,000 units (standard lot)
• Leverage: Up to 1:500
• Spread: Variable, starting from 1.0 pips
• Suitable for: Experienced traders looking for a traditional trading environment.
• ECN Account:
• Minimum Deposit: $500
• Lot Size: 100,000 units (standard lot)
• Leverage: Up to 1:500
• Spread: Raw spreads, starting from 0.0 pips (commission applies)
• Suitable for: Professional traders seeking direct market access and lower spreads.
• Demo Account:
• Minimum Deposit: Virtual funds
• Lot Size: Flexible for practice
• Suitable for: Beginners and traders wanting to test strategies without financial risk.
• Islamic Account:
• Minimum Deposit: $200
• Features: Swap-free trading compliant with Islamic finance principles.
• Suitable for: Muslim traders adhering to Sharia law.

IC Markets Broker Account Opening Process

Opening an account with IC Markets involves a straightforward process:

• Choose Account Type: Decide on the type of account you wish to open (Standard, ECN, Demo, or Islamic).

• Complete Application: Visit the IC Markets website and fill out the online application form. Provide personal information such as your name, email, and phone number.

• Identity Verification: Upload necessary documents for KYC (Know Your Customer) verification, which typically includes:

• Proof of Identity: Passport or government-issued ID.
• Proof of Address: Utility bill or bank statement dated within the last three months.

• Account Approval: Wait for the verification process, which can take a few minutes to a few hours.

• Fund Your Account: Once approved, deposit the minimum required amount using various payment methods such as bank transfer, credit card, or e-wallets.

• Start Trading: After funding your account, download the trading platform (e.g., MetaTrader 4 or 5) and begin trading.

For more information, visit IC Markets.