Icon broker Accounts

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

Part 1: icon Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, suitable for beginners
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

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

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Tight spreads with lower commissions
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading, compliant with Islamic finance principles
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. 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 experienced traders
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: Detailed icon Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Spreads:

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: Tight spreads

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: Yes

• Pro: Lower commission

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo Account Features:

• Virtual balance, access to all trading instruments, no time limit on practice

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, no commission, suitable for beginners

• Disadvantages: Higher spreads compared to ECN accounts

• ECN Account:

• Advantages: Tight spreads, direct market access, suitable for scalping

• Disadvantages: Higher minimum deposit, commission fees apply

• Pro Account:

• Advantages: Advanced features, lower commission, priority support

• Disadvantages: High minimum deposit

• Islamic Account:

• Advantages: Compliant with Islamic principles, no swap fees

• Disadvantages: Limited availability of features compared to other accounts

• Demo Account:

• Advantages: Risk-free environment, practice trading strategies

• Disadvantages: Virtual funds only, not suitable for live trading experience

Part 3: icon Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old
• Geographic Restrictions: Available in most countries; specific restrictions may apply
• Prohibited Countries: Countries under international sanctions may be restricted
• Identity Verification Documents Needed:
• Government-issued ID (passport, driver's license)
• Proof of address (utility bill, bank statement)
• Proof of Residence Requirements: Recent documents showing current address
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

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

Part 4: Step-by-Step icon Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the icon trading platform and click on the registration button.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify leverage, trading instruments, and other preferences.
5. Document Upload: Upload required identity verification documents.
6. Account Verification: Wait for the account to be verified by the platform.
7. Fund Your Account: Deposit the minimum required amount 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, though the mobile interface may have a streamlined version for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload errors
• Solution: Ensure documents are clear and meet the specified requirements.
• Issue: Delayed verification
• Solution: Contact customer support for assistance.

Average Account Approval Time

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

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through their account settings or by contacting customer support.

Part 5: icon Demo Account Guide

Demo Account Features and Benefits

• A demo account allows traders to practice without financial risk, using virtual funds to simulate real trading conditions.

How to Open a Demo Account

• Follow the same registration process as a live account, selecting the demo account option.

Demo Account Limitations

• Demo accounts may have a limited duration or virtual balance, and they do not provide access to live market conditions.

Virtual Balance Amount

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

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts may remain active for a specified period, often 30 days, after which they may expire unless converted to a live account.

Part 6: icon Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options in compliance with Islamic finance principles.

Eligibility Requirements

• Traders must declare their need for an Islamic account during the registration process.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term holding of positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or request it through customer support after account creation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions or limitations on certain instruments.

FAQs – icon Account Types & Opening

1. What account types does icon offer？

• icon 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: Virtual funds.

1. How long does icon account verification take？

• Account verification typically takes 1-3 business days.

1. Does icon offer demo accounts？

• Yes, icon offers demo accounts for practice trading.

1. Can I have multiple account types with icon？

• Yes, traders can open multiple account types.

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

• Yes, Islamic accounts are available for traders who require them.

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

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

1. Can I change my account type after registration？

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