IC Markets Global broker Accounts

ic markets global Account Types Overview

ic markets global Account Types Explained

IC Markets Global offers a range of trading accounts tailored to different trading styles and preferences. The available account types include:

1. Standard Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: No commission; spreads start from 0.08 pips.
• Leverage Options: Up to 1:1000.
• Key Features: Ideal for beginners; no commission trading; fast execution.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, CFDs on commodities, indices, and cryptocurrencies.

1. Raw Spread Account (MetaTrader)

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $7 per standard lot round turn.
• Leverage Options: Up to 1:1000.
• Key Features: Designed for scalpers and high-frequency traders; ultra-fast execution.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Raw Spread Account (cTrader)

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Spreads from 0.0 pips; commission of $6 per standard lot round turn.
• Leverage Options: Up to 1:1000.
• Key Features: Utilizes the cTrader platform; advanced trading tools; market depth visibility.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Up to 1:1000.
• Key Features: Risk-free practice environment; access to all trading instruments.
• Target User Profile: Beginners and experienced traders looking to test strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Raw Spread Account (MetaTrader)
• Advanced Traders: Raw Spread Account (cTrader)
• Practice Traders: Demo Account

Part 2: ic markets global Account Features Comparison

Detailed ic markets global Account Features

Comparison of Features Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• No commission fees.

• Simple fee structure.

• Suitable for beginners.

• Fast execution speeds.

• Raw Spread Account (MT):

• Tight spreads for cost-effective trading.

• Ideal for scalping and high-frequency trading.

• Access to advanced trading tools.

• Raw Spread Account (cTrader):

• Advanced platform features.

• Market depth visibility.

• Lower commission compared to MT version.

• Demo Account:

• Risk-free environment for practice.

• Access to all trading instruments.

• No time limits on practice.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Raw Spread accounts.

• Limited to non-commission trading.

• Raw Spread Account (MT):

• Commission fees can add up for frequent traders.

• More complex fee structure.

• Raw Spread Account (cTrader):

• Requires familiarity with cTrader platform.

• Commission fees apply.

• Demo Account:

• Virtual funds may not reflect real trading conditions.

• Limited to practice; no real profits.

Part 3: ic markets global Account Opening Requirements

ic markets global 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: Residents from countries where IC Markets services are prohibited by local laws.

Identity Verification Documents Needed

• Photo ID (Primary):

• Valid Passport (photo and signature page).

• Valid National ID card (front and back).

• Valid Government ID card (e.g., Drivers License).

• Proof of Residence (Secondary):

• Utility bill (electricity, water, or gas).

• Bank statement.

• Government-issued document (e.g., tax statements).

Additional Documentation for Professional Accounts

• Certificate of Incorporation/Registration.
• Articles of Association/Memorandum.
• Proof of Companys Registered Address.

KYC/AML Compliance Procedures

IC Markets adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, requiring verification of identity and residence before account approval.

Verification Time Frames

The verification process typically takes a few hours to a couple of days, depending on the completeness of the submitted documents.

Part 4: ic markets global Account Opening Process

Step-by-Step ic markets global Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the IC Markets website and click on the "Open Trading Account" button.

1. Personal Information Entry:

• Fill in personal details such as name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, Raw Spread MT, Raw Spread cTrader).

1. Set Trading Preferences:

• Configure trading preferences including leverage and trading platform.

1. Document Upload:

• Upload required documents for identity and address verification.

1. Account Verification:

• Wait for the account to be verified by IC Markets.

1. Fund Your Account:

• Deposit funds into your trading account using available payment methods.

1. Start Trading:

• Once funded, you can start trading on your chosen platform.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes a few hours to a couple of days, depending on document verification.

How to Upgrade/Downgrade Account Types

Account type changes can be requested through the client portal or by contacting customer support.

Part 5: ic markets global Demo Account Information

ic markets global Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments.
• Risk-free environment to practice trading strategies.
• Same trading conditions as live accounts.

How to Open a Demo Account

• Visit the IC Markets website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Virtual funds may not reflect real market conditions.
• Limited to practice; no real profits can be made.

Virtual Balance Amount

Demo accounts typically come with a virtual balance of $100,000.

Demo vs Live Account Differences

Demo accounts simulate live trading but do not involve real money, while live accounts require actual funds and involve real profits/losses.

Duration/Expiry of Demo Accounts

Demo accounts remain active for a limited time, typically 30 days, but can be extended upon request.

Part 6: ic markets global Islamic Account (if available)

ic markets global Islamic Account Details

Swap-Free/Islamic Account Availability

IC Markets offers swap-free Islamic accounts for traders who wish to comply with Sharia law.

Eligibility Requirements

Traders must request the Islamic account option during the registration process and provide necessary documentation.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, which are typically charged for holding positions overnight.

How to Apply for Islamic Account

Select the Islamic account option during the account registration process or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, including limits on certain trading strategies.

FAQs – ic markets global Account Types & Opening

1. What account types does ic markets global offer？

• IC Markets Global offers Standard, Raw Spread (MetaTrader), Raw Spread (cTrader), 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 global account verification take？

• Verification typically takes a few hours to a couple of days.

1. Does ic markets global offer demo accounts？

• Yes, IC Markets Global provides demo accounts for practice trading.

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

• Yes, traders can open multiple account types.

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

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

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

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

1. Can I change my account type after registration？

• Yes, changes to account types can be requested through the client portal or customer support.