Rating Index
Pros
Offers a range of trading options for commodities and forex.
User-friendly trading platform with various tools for analysis.
Potential for high leverage, allowing traders to maximize their positions.
Cons
No valid regulatory information, raising concerns about trustworthiness.
High potential risk associated with trading due to lack of oversight.
Suspicious regulatory license and scope of business, indicating possible scams.
InCommodities broker Accounts
IC Markets Account Type
IC Markets offers several types of trading accounts to cater to different trader needs. The primary account types include:
- Standard Account:
- Minimum Deposit: $200
- Commission: None
- Spreads: From 1.0 pips
- Raw Spread Account:
- Minimum Deposit: $200
- Commission: $3.50 per side (for forex)
- Spreads: From 0.0 pips
- cTrader Account:
- Minimum Deposit: $200
- Commission: $3.0 per side (for forex)
- Spreads: From 0.0 pips
Visit the IC Markets Website: Go to the official IC Markets website to start the registration process.
Select Account Type: Choose the type of account you wish to open (Standard, Raw Spread, or cTrader).
Fill Out the Application Form: Complete the online application form with your personal details, including name, email, and phone number.
Submit Identification Documents: Provide the required KYC (Know Your Customer) documents, such as:
- Proof of Identity: Passport, national ID, or driver's license.
- Proof of Address: Utility bill, bank statement, or rental agreement.
Initial Deposit: Fund your account with the minimum required deposit of $200 using various payment methods available.
Account Verification: Wait for the broker to verify your documents, which typically takes a few hours to a couple of days.
Start Trading: Once your account is approved, you will receive your account details and can start trading on the IC Markets platform.
Each account type is designed to provide different trading conditions, allowing traders to choose based on their strategies and preferences.
IC Markets Broker Account Opening Process
Opening an account with IC Markets is a straightforward process. Here are the steps involved:
By following these steps, traders can easily set up their accounts and begin their trading journey.
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