INCM broker Accounts

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

incm Account Types Explained

ICM offers a variety of account types tailored to meet the needs of different traders, from beginners to advanced professionals. Below are the available account types along with their key features:

1. ICM Direct (ECN)

• Minimum Deposit Requirement: Varies by region
• Spread/Commission Structure: Variable spread; no commission
• Leverage Options: Up to 1:200
• Key Features: Market execution, no minimum stop/limit levels, available globally
• Target User Profile: Advanced traders looking for direct market access
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs

2. ICM Zero

• Minimum Deposit Requirement: Varies by region
• Spread/Commission Structure: Zero spread; $7 commission per round lot
• Leverage Options: Up to 1:200
• Key Features: Market execution, no minimum stop/limit levels, available globally
• Target User Profile: Experienced traders who prefer low spreads
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs

3. ICM Cent

• Minimum Deposit Requirement: Varies by region
• Spread/Commission Structure: Variable spread; no commission
• Leverage Options: Up to 1:200
• Key Features: Market execution, no minimum stop/limit levels, available globally
• Target User Profile: Beginners or those wanting to trade with smaller amounts
• Trading Instruments Available: Forex, Metals, Futures, Shares, and Cash CFDs

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: ICM Cent
• Intermediate Traders: ICM Direct (ECN)
• Advanced Traders: ICM Zero

Detailed incm Account Features

Account Features Comparison

Advantages of Each Account Type

• ICM Direct (ECN):

• Direct market access

• No commission fees

• Suitable for high-frequency trading

• Flexible trading conditions

• ICM Zero:

• Low trading costs due to zero spreads

• Ideal for scalpers

• Access to a wide range of instruments

• Advanced trading tools available

• ICM Cent:

• Low minimum deposit for beginners

• Ideal for practicing trading strategies

• Access to the same instruments as other accounts

• User-friendly platform

Disadvantages of Each Account Type

• ICM Direct (ECN):

• May have higher spreads during volatile market conditions

• Not suitable for beginners

• ICM Zero:

• Commission fees can add up for frequent traders

• Requires a higher level of trading knowledge

• ICM Cent:

• Limited to smaller lot sizes

• May not be suitable for professional trading strategies

incm Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available globally, but specific countries may be restricted.
• Prohibited Countries: Residents of certain sanctioned countries may not be eligible.
• Identity Verification Documents Needed: Valid Passport, National ID card, or Drivers License.
• Proof of Residence Requirements: Recent utility bill or bank statement displaying your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

ICM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence to prevent fraud and ensure compliance.

Verification Time Frames

Account verification typically takes a few minutes to a few hours, depending on the completeness of the submitted documents.

Step-by-Step incm Account Opening Guide

Registration Process

1. Visit Website: Go to the ICM website and click on the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading experience and preferences.
5. Document Upload: Upload the required identity and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to activate your trading account.
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, but mobile users may have an easier time uploading documents using their device's camera.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and meet the specified requirements.
• Verification Delays: Contact customer support if verification takes longer than expected.

Average Account Approval Time

Most accounts are approved within minutes, but it can take longer during peak times or if additional documentation is required.

How to Upgrade/Downgrade Account Types

Account types can typically be changed by contacting customer support or through the client management portal, depending on the brokers policies.

incm Demo Account Guide

Demo Account Features and Benefits

• Virtual Trading Environment: Practice trading without financial risk.
• Access to Trading Tools: Use the same tools available in live accounts.
• Educational Resource: Ideal for beginners to learn trading strategies.

How to Open a Demo Account

Visit the ICM website, navigate to the demo account section, and fill out the registration form.

Demo Account Limitations

Demo accounts may have limited features compared to live accounts, such as restricted access to certain instruments.

Virtual Balance Amount

Typically, demo accounts are funded with a virtual balance of $100,000, allowing users to practice trading strategies.

Demo vs Live Account Differences

Demo accounts simulate live trading conditions but do not involve real money, while live accounts require actual funds and involve real financial risks.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a limited time, often 30 days, but can be extended upon request.

incm Islamic Account Details

Swap-Free/Islamic Account Availability

ICM offers Islamic accounts that comply with Sharia law, allowing traders to engage in trading without incurring swap fees.

Eligibility Requirements

To qualify for an Islamic account, clients must declare their need for a swap-free account during the registration process.

Differences from Standard Accounts

Islamic accounts operate under the same trading conditions as standard accounts but do not incur swap fees.

How to Apply for Islamic Account

During the registration process, select the option for an Islamic account or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific conditions regarding trading strategies and instruments, which should be confirmed with customer support.

FAQs – incm Account Types & Opening

1. What account types does incm offer？

• ICM offers ICM Direct (ECN), ICM Zero, and ICM Cent accounts.

1. What is the minimum deposit for each account type？

• The minimum deposit varies by region and account type.

1. How long does incm account verification take？

• Verification typically takes a few minutes to a few hours.

1. Does incm offer demo accounts？

• Yes, ICM provides demo accounts for practice trading.

1. Can I have multiple account types with incm？

• Yes, clients can open multiple accounts with different types.

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

• Yes, ICM offers Islamic accounts that do not incur swap fees.

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

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.