IC FX Account Type

IC FX offers two main types of trading accounts: the IC-FX Account and the ECN Account. The minimum initial deposit required to open an account is $300 for the IC-FX Account, while the ECN Account requires a minimum deposit of $2,000. Both account types provide access to a variety of trading instruments including forex, commodities, indexes, and CFDs. The maximum leverage available is up to 500:1 for the IC-FX Account and 200:1 for the ECN Account. Spreads for the ECN Account can be as low as 0.1 pips, with a commission of $0.3 per lot. The accounts support the widely used MetaTrader 4 platform.

IC FX Broker Account Opening Process

To open a live trading account with IC FX, follow these steps:

• Visit the IC FX Website: Go to IC FX's homepage.
• Complete the Application Form: Fill out your personal information as required by the regulatory authority.
• Upload Identification Documents: Provide a valid photo ID (passport or drivers license) and proof of residence (utility bill or bank statement).
• Initial Deposit: Make the minimum deposit of $300 for the IC-FX Account or $2,000 for the ECN Account.
• Verification: Wait for your documents to be verified, which may take a few hours to a couple of days.
• Start Trading: Once verified, you can start trading on your live account.

For further details, refer to the IC FX FAQ section.