ICMG broker Accounts

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

Part 1: icmg Account Types Overview

icmg Account Types Explained

ICMG offers several account types tailored to meet the diverse needs of traders. Below is a detailed overview of each account type, including their minimum deposit requirements, spread structures, leverage options, key features, target user profiles, and available trading instruments.

Recommended Account Types by Trader Level

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

Part 2: icmg Account Features Comparison

Detailed icmg Account Features

The following table compares features across different icmg account types:

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to various trading instruments

• ECN Account:

• Tight spreads

• Direct market access

• Suitable for high-frequency trading

• Pro Account:

• Enhanced trading conditions

• Priority execution

• Ideal for professional traders

• Islamic Account:

• Complies with Sharia law

• No swap fees

• Standard trading conditions

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Requires higher minimum deposit

• Commission fees may apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than standard accounts

• Demo Account:

• No real money trading

• Limited duration for practice

Part 3: icmg Account Opening Requirements

icmg Account Registration Requirements

To open an account with ICMG, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Certain countries may be restricted; check with ICMG for specific locations.
• Prohibited Countries: Specific countries may be prohibited from opening accounts; refer to ICMG's terms for details.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Additional Documentation for Professional Accounts:
• Business registration documents (for corporate accounts)
• Financial statements (if applicable)

KYC/AML Compliance Procedures

ICMG adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. All clients must provide valid identification and proof of residence during the registration process.

Verification Time Frames

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

Part 4: icmg Account Opening Process

Step-by-Step icmg Account Opening Guide

1. Visit the Website: Go to the ICMG website and click on the registration button.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, 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 platforms, although the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

The average time for account approval is between 1 to 3 business days, depending on the verification of documents.

How to Upgrade/Downgrade Account Types

To upgrade or downgrade your account type, contact ICMG customer support for guidance on the process and any required documentation.

Part 5: icmg Demo Account Information

icmg Demo Account Guide

The demo account offered by ICMG allows traders to practice trading without financial risk.

Demo Account Features and Benefits

• Access to real market conditions
• Ability to practice trading strategies
• No financial risk involved

How to Open a Demo Account

To open a demo account, visit the ICMG website and select the demo account option during the registration process.

Demo Account Limitations

• Limited duration (typically 30 days)
• Virtual funds only; no real trading

Virtual Balance Amount

The demo account typically comes with a virtual balance of $10,000 for practice trading.

Demo vs Live Account Differences

• Demo Account: Virtual funds, no real money involved.
• Live Account: Real funds, actual trading with potential profits or losses.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30 days of inactivity, but this may vary based on the broker's policies.

Part 6: icmg Islamic Account Details

icmg Islamic Account Details

ICMG offers an Islamic account option for traders who require a swap-free trading environment.

Swap-Free/Islamic Account Availability

Islamic accounts are available for traders who adhere to Sharia law.

Eligibility Requirements

To qualify for an Islamic account, traders must provide documentation confirming their eligibility.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them compliant with Islamic finance principles.

How to Apply for Islamic Account

To apply, select the Islamic account option during the registration process and provide the necessary documentation.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading strategies and instruments; consult ICMG for details.

FAQs – icmg Account Types & Opening

1. What account types does icmg offer？

• ICMG 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: $100, Demo: Free.

1. How long does icmg account verification take？

• Verification typically takes 1-3 business days.

1. Does icmg offer demo accounts？

• Yes, ICMG offers demo accounts for practice trading.

1. Can I have multiple account types with icmg？

• Yes, you can open multiple account types with ICMG.

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

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

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

• You will need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.