IC Markets broker Accounts

ic markets Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

ic markets Account Types Explained

IC Markets offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features and target user profiles.

1. Standard Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Spreads starting from 0.8 pips, no commission.
• Leverage Options: Up to 1:1000.
• Key Features: Suitable for beginners, supports MetaTrader 4 and 5, commission-free trading.
• Target User Profile: Ideal for novice traders who prefer straightforward trading without additional costs.
• Trading Instruments Available: Forex, CFDs on indices, commodities, and cryptocurrencies.

2. Raw Spread Account (MetaTrader)

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Spreads starting from 0.0 pips, commission of $3.5 per lot per side ($7 round turn).
• Leverage Options: Up to 1:1000.
• Key Features: Designed for scalpers and algorithmic traders, offers ultra-fast execution.
• Target User Profile: Advanced traders focused on low trading costs and high-frequency trading.
• Trading Instruments Available: Forex, CFDs on indices, commodities, and cryptocurrencies.

3. cTrader Raw Spread Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Spreads starting from 0.0 pips, commission of $3.0 per lot per side ($6 round turn).
• Leverage Options: Up to 1:1000.
• Key Features: Utilizes the cTrader platform, suitable for day traders and scalpers.
• Target User Profile: Experienced traders seeking advanced trading tools and lower commissions.
• Trading Instruments Available: Forex, CFDs on indices, commodities, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to Standard or Raw Spread accounts, but swap-free.
• Leverage Options: Up to 1:1000.
• Key Features: Complies with Islamic finance principles, no interest charges.
• Target User Profile: Muslim traders looking for compliant trading options.
• Trading Instruments Available: Forex, CFDs on indices, commodities, and cryptocurrencies.

5. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Mimics live accounts but with virtual funds.
• Leverage Options: Up to 1:1000.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and experienced traders testing strategies or platforms.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: Raw Spread Account
• Advanced: cTrader Raw Spread Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed ic markets Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• No commission fees.

• Simple fee structure.

• Suitable for beginners.

• Access to popular trading platforms.

• Raw Spread Account:

• Tight spreads for cost-effective trading.

• Ideal for scalping and EAs.

• Fast execution speeds.

• Comprehensive trading instruments.

• cTrader Raw Spread Account:

• Advanced trading features.

• Lower commission than MetaTrader Raw Spread.

• Enhanced market depth visibility.

• Suitable for professional traders.

• Islamic Account:

• Complies with Islamic finance principles.

• No interest charges.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice strategies without financial risk.

• Familiarization with trading platforms.

• Unlimited duration for practice.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Raw Spread accounts.

• Limited for advanced trading strategies.

• Raw Spread Account:

• Commission fees can add up for frequent traders.

• May not be suitable for beginners.

• cTrader Raw Spread Account:

• Requires familiarity with the cTrader platform.

• Commission structure may deter casual traders.

• Islamic Account:

• Limited availability compared to other account types.

• May have restrictions on certain trading strategies.

• Demo Account:

• Virtual funds may not reflect real trading psychology.

• Limited duration for some demo accounts.

ic markets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: IC Markets does not accept clients from certain countries, including the USA, Canada, Israel, New Zealand, Iran, and North Korea.
• Prohibited Countries: Specific restrictions apply based on local laws.

Identity Verification Documents Needed

• Photo ID (Primary): Acceptable forms include a passport or driver's license showing full name, date of birth, and expiry date.
• Proof of Residence (Secondary): Recent utility bills or bank statements showing full name and residential address, dated within the last 180 days.

Additional Documentation for Professional Accounts

• Documentation verifying trading experience and financial status may be required.

KYC/AML Compliance Procedures

• IC Markets follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to verify the identity of clients.

Verification Time Frames

• Account verification can take anywhere from a few minutes to 24 hours, depending on the completeness of submitted documents.

ic markets Account Opening Process

Step-by-Step ic markets Account Opening Guide

1. Visit Website: Go to the IC Markets official website.
2. Click Registration: Select the "Start Trading" option.
3. Personal Information Entry: Fill in your personal details accurately.
4. Choose Account Type: Select your preferred account type (Standard, Raw Spread, cTrader).
5. Set Trading Preferences: Specify your trading platform and base currency.
6. Document Upload: Submit required identification and proof of residence documents.
7. Account Verification: Wait for verification, which may take a few minutes to 24 hours.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access your trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile interface optimized for ease of use.

Common Registration Issues and Solutions

• Mismatched Information: Ensure that the name and details on your ID match the registration form to avoid delays.
• Document Upload Errors: Check that documents are clear and meet the requirements.

Average Account Approval Time

• Typically, account approval takes between a few minutes to 24 hours, depending on document verification.

How to Upgrade/Downgrade Account Types

• Users can contact customer support to request changes to their account type after registration.

ic markets Demo Account Guide

Demo Account Features and Benefits

• Offers a risk-free environment to practice trading strategies.
• Provides access to the same trading platforms as live accounts.
• Ideal for beginners to learn the trading process.

How to Open a Demo Account

• Visit the IC Markets website and select the "Try a Free Demo" option.
• Fill out the registration form and submit.

Demo Account Limitations

• Virtual funds may not accurately reflect real trading conditions.
• Some demo accounts may have a time limit.

Virtual Balance Amount

• The demo account typically comes with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and trading psychology.

Duration/Expiry of Demo Accounts

• Demo accounts can last indefinitely, but some may expire after a set period of inactivity.

ic markets Islamic Account Details

Swap-Free/Islamic Account Availability

• IC Markets offers Islamic accounts that comply with Sharia law, ensuring no interest is charged.

Eligibility Requirements

• Traders must indicate their preference for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts have the same features as standard accounts but are swap-free.

How to Apply for Islamic Account

• Select the Islamic account option during the account registration process.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – ic markets Account Types & Opening

1. What account types does ic markets offer？

• IC Markets offers Standard, Raw Spread (MetaTrader), cTrader Raw Spread, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• The minimum deposit for all account types is $200, except for the Demo account which requires no deposit.

1. How long does ic markets account verification take？

• Account verification typically takes a few minutes to 24 hours.

1. Does ic markets offer demo accounts？

• Yes, IC Markets offers demo accounts for risk-free trading.

1. Can I have multiple account types with ic markets？

• Yes, traders can open multiple account types with IC Markets.

1. Does ic markets offer Islamic/swap-free accounts？

• Yes, IC Markets offers Islamic accounts that are swap-free.

1. What documents do I need to open a ic markets account？

• Required documents include a photo ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to change your account type by contacting customer support.