IC Markets Account Types

IC Markets offers a variety of trading account types tailored to different trader profiles, including beginners, retail traders, and high-volume professionals. The main account types available are:

• Standard Account
• Best For: Casual traders and beginners.
• Minimum Deposit: $200
• Spreads: Starting from 0.6 pips (commission-free).
• Commission: No commissions on trades.
• Leverage: Up to 1:500.
• Platforms: Available on MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
• Market Access: Access to over 2,000 assets including forex, commodities, indices, and cryptocurrencies.
• Raw Spread Account
• Best For: Experienced traders and scalpers.
• Minimum Deposit: $200
• Spreads: Starting from 0.0 pips (commission-based).
• Commission: $3.50 per lot on MT4/MT5; $3.00 per lot on cTrader.
• Leverage: Up to 1:500.
• Platforms: Available on MT4, MT5, and cTrader.
• Market Access: Access to over 2,000 assets.
• cTrader Raw Spread Account
• Best For: High-frequency traders who prefer cTrader.
• Minimum Deposit: $200
• Spreads: Starting from 0.0 pips (commission-based).
• Commission: $3.00 per lot.
• Leverage: Up to 1:500.
• Platform: Exclusively on cTrader.
• Market Access: Similar asset access as Raw Spread Account.
• Islamic Account
• Best For: Muslim traders requiring swap-free trading.
• Minimum Deposit: $200
• Spreads: Starting from 0.0 pips.
• Commission: No commissions on trades.
• Leverage: Up to 1:500.
• Platforms: Available on MT4 and MT5.
• Special Features: Swap-free trading compliant with Islamic finance principles.
• Demo Account
• Best For: Beginners wanting to practice trading without risk.
• Minimum Deposit: Free.
• Spreads: Variable.
• Commission: None.
• Platforms: Available on MT4, MT5, and cTrader.
• Special Features: Unlimited demo accounts with real-time market data.

IC Markets Broker Account Opening Process

Opening an account with IC Markets is a straightforward process that can be completed online. Heres a step-by-step guide:

• Visit the IC Markets Website
• Go to IC Markets.
• Click on "Open an Account"
• Locate the “Open an Account” button on the homepage.
• Choose Account Type
• Select the account type that suits your trading needs (Standard, Raw Spread, cTrader, or Islamic).
• Fill in Personal Information
• Enter details such as your name, email address, phone number, date of birth, and address.
• Set a Trading Password
• Choose a secure password for your account.
• Complete KYC Verification
• Upload required documents for identity verification (e.g., passport or ID card, proof of address such as a utility bill).
• Fund Your Account
• After verification, make a minimum deposit of $200 using available payment options (bank transfer, credit/debit card, or e-wallets).
• Start Trading
• Once your account is funded, you can download the trading platform (MT4, MT5, or cTrader) and start trading.

By following these steps, you can successfully open an account with IC Markets and begin your trading journey.