Rating Index
Pros
Competitive trading fees with low spreads starting from 0 pips.
Wide range of tradable assets, including over 2,250 instruments across various markets.
Robust customer support available 24/7 through multiple channels.
Cons
Limited educational resources and materials for beginner traders.
Complex fee structure that may confuse some users.
Not all clients are equally protected, as compensation for investment varies by country of residence.
ICMARKETS broker Accounts
IC Markets Account Types
IC Markets offers three main types of trading accounts: Standard Account, Raw Spread Account, and cTrader Account. Each account type is designed to cater to different trading styles and preferences, ensuring flexibility for all traders.
- Standard Account:
- Minimum Deposit: $200
- Spreads: Starting from 0.8 pips
- Commission: $0
- Trading Platforms: MetaTrader 4 and MetaTrader 5
- Leverage: Up to 1:500
- Suitable For: Discretionary traders who prefer a straightforward trading experience without commissions.
- Raw Spread Account (MetaTrader):
- Minimum Deposit: $200
- Spreads: Starting from 0.0 pips
- Commission: $3.5 per lot per side
- Trading Platform: MetaTrader 4 and MetaTrader 5
- Leverage: Up to 1:500
- Suitable For: Experienced traders, including scalpers and those using Expert Advisors (EAs) who seek tighter spreads.
- cTrader Account:
- Minimum Deposit: $200
- Spreads: Starting from 0.0 pips
- Commission: $3.0 per $100k traded
- Trading Platform: cTrader
- Leverage: Up to 1:500
- Suitable For: Day traders and scalpers who prefer the advanced features of the cTrader platform.
Visit the IC Markets Website: Go to IC Markets.
Click on "Open an Account": Locate the "Open an Account" button on the homepage.
Fill in Personal Information: Provide your full name, email address, phone number, and address. Ensure all information is accurate for verification.
Select Account Type and Trading Platform: Choose your preferred account type (Standard, Raw Spread, or cTrader) and select the trading platform (MetaTrader 4, MetaTrader 5, or cTrader).
Upload Required Documents:
- Proof of Identity: A valid government-issued ID (passport or driver's license).
- Proof of Residence: A recent utility bill or bank statement dated within the last 90 days.
Complete KYC Verification: Submit the required documents for verification. This step ensures compliance with regulatory standards.
Fund Your Account: After account approval, fund your account using various methods such as bank transfer, credit/debit card, or e-wallets.
Start Trading: Once your account is funded, you can begin trading in the forex and CFD markets.
IC Markets Broker Account Opening Process
Opening an account with IC Markets is a straightforward process that can be completed online. Here is a step-by-step guide:
By following these steps, you can successfully open an account with IC Markets and start your trading journey.
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