IC Markets Account Types

IC Markets offers a variety of account types designed to cater to different trading needs and experience levels. The main account types include:

• Standard Account:
• Best for: Beginners and discretionary traders.
• Minimum Deposit: $200.
• Spreads: Starting from 0.6 pips, commission-free.
• Leverage: Up to 1:500.
• Platforms: Available on MetaTrader 4 and MetaTrader 5.
• Raw Spread Account:
• Best for: Experienced traders, scalpers, and high-frequency traders.
• Minimum Deposit: $200.
• Spreads: Starting from 0.0 pips, with a commission of $3.5 per lot (MetaTrader) or $3.0 per lot (cTrader).
• Leverage: Up to 1:500.
• Platforms: Available on MetaTrader 4, MetaTrader 5, and cTrader.
• cTrader Raw Spread Account:
• Best for: Day traders and algorithmic traders.
• Minimum Deposit: $200.
• Spreads: Starting from 0.0 pips, with a commission of $3.0 per lot.
• Leverage: Up to 1:500.
• Platforms: cTrader.
• Islamic Account:
• Best for: Muslim traders adhering to Sharia law.
• Minimum Deposit: $200.
• Spreads: Similar to the Raw Spread Account.
• Leverage: Up to 1:500.
• Features: Swap-free trading with no overnight interest charges.
• Demo Account:
• Best for: Beginners to practice trading without risk.
• Minimum Deposit: Free to open.
• Features: Access to real-time market conditions and a variety of trading instruments.

IC Markets Broker Account Opening Process

Opening an account with IC Markets is a straightforward process that can be completed in just a few steps:

• Visit the IC Markets Website:
• Navigate to the official IC Markets website and click on the "Open Account" button.
• Fill in Personal Information:
• Provide your full name, email address, phone number, and country of residence.
• Choose Account Type:
• Select the account type that suits your trading style (Standard, Raw Spread, cTrader Raw Spread, or Islamic).
• Complete Registration:
• Fill out additional information regarding your financial background, trading experience, and investment goals.
• Upload Verification Documents:
• Submit a valid government-issued ID (passport or driver's license) and proof of address (utility bill or bank statement) that is no older than three months.
• Make a Minimum Deposit:
• Fund your account with a minimum deposit of $200 to activate it.
• Start Trading:
• Once your account is verified and funded, you can log in and begin trading on your preferred platform (MetaTrader 4, MetaTrader 5, or cTrader).

By following these steps, you can easily set up an account with IC Markets and start your trading journey.