IceCity broker Accounts

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

icecity Account Types Explained

IceCity offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly platform, access to educational resources
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips + $3 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies, stocks

4. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, depending on preference
• Leverage Options: Up to 1:200
• Key Features: Swap-free trading options
• Target User Profile: Muslim traders seeking compliance with Sharia law
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Risk-free trading environment, practice strategies
• Target User Profile: Beginners and those testing new strategies
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: ECN Account
• Advanced Traders: Pro Account
• Muslim Traders: Islamic Account
• Practice Traders: Demo Account

Detailed icecity Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $500

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:300

• Islamic: Up to 1:200

• Spreads:

• Standard: From 1.5 pips

• ECN: From 0.0 pips + $3 commission

• Pro: From 1.0 pip

• Islamic: Variable

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Mini/Standard

• Islamic: Mini/Standard

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability: Yes for Islamic Account

• Swap-Free Options: Available for Islamic Account

• Demo Account Features: Virtual trading with real market conditions

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Access to educational resources

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for scalping

• Pro Account:

• Advanced trading tools

• Priority support

• Higher leverage options

• Islamic Account:

• Compliance with Sharia law

• No interest charges

• Flexible trading options

• Demo Account:

• Risk-free environment

• Practice trading strategies

• Familiarization with the platform

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Requires a higher initial investment

• May not be suitable for beginners

• Islamic Account:

• Limited availability of certain instruments

• May have higher spreads

• Demo Account:

• No real profits can be made

• Limited time for practice

icecity Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific restrictions may apply based on local regulations.
• Prohibited Countries: Specific countries may be restricted; check with icecity for the latest updates.
• Identity Verification Documents Needed: Valid government-issued ID (passport, drivers license).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Financial statements and proof of trading experience may be required.

KYC/AML Compliance Procedures

• IceCity follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures to verify the identity of its clients. This includes document verification and ongoing monitoring of transactions.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step icecity Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the icecity website and find the registration button.
2. Personal Information Entry: Fill out personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required documents for identity verification.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit funds into your account to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failures.
• Solution: Ensure documents are clear and meet the required format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade. Additional documentation may be required for certain account types.

icecity Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice without risking real money. It simulates live trading conditions and provides access to all trading instruments.

How to Open a Demo Account

• Visit the icecity website, navigate to the demo account section, and follow the registration steps.

Demo Account Limitations

• The demo account may have a limited duration and virtual balance.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts do not involve real money, while live accounts require actual funds for trading.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days, but this can vary based on the brokers policy.

icecity Islamic Account Details

Swap-Free/Islamic Account Availability

• IceCity offers Islamic accounts that comply with Sharia law, allowing traders to engage in swap-free trading.

Eligibility Requirements

• Traders must declare their need for an Islamic account and may need to provide documentation confirming their eligibility.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Apply through the standard account registration process and select the Islamic account option.

Restrictions or Special Conditions

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

FAQs – icecity Account Types & Opening

1. What account types does icecity offer？

• IceCity offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: Virtual funds.

1. How long does icecity account verification take？

• Verification typically takes 1-3 business days.

1. Does icecity offer demo accounts？

• Yes, icecity offers demo accounts for practice trading.

1. Can I have multiple account types with icecity？

• Yes, traders can open multiple account types.

1. Does icecity offer Islamic/swap-free accounts？

• Yes, icecity provides Islamic accounts that are swap-free.

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

• A valid government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.