LC MARKETS broker Accounts

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

lc markets Account Types Explained

lc markets offers several account types tailored to meet the needs of different traders, from beginners to advanced users. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:200.
• Key Features: Access to a wide range of currency pairs, 24/5 customer support, and technical market analysis.
• Target User Profile: Suitable for beginner to intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution speeds.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Enhanced trading conditions, priority customer support, and advanced trading tools.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account but swap-free.
• Leverage Options: Up to 1:200.
• Key Features: Complies with Sharia law; no swaps or interest on overnight positions.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (usually $10,000).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:200.
• Key Features: Risk-free trading environment to practice strategies.
• Target User Profile: Beginners and traders testing new strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed lc markets Account Features

Comparison of Features Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual balance

• Maximum Leverage:

• Standard: 1:200

• ECN: 1:200

• Pro: 1:500

• Islamic: 1:200

• Demo: 1:200

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Similar to Standard

• Demo: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3/lot

• Pro: $2/lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: 0.01 minimum lot

• ECN: 0.01 minimum lot

• Pro: 0.01 minimum lot

• Islamic: 0.01 minimum lot

• Demo: 0.01 minimum lot

• Available Trading Platforms:

• All accounts: MT4, MT5

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice, access to all trading instruments, and same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Direct market access.

• Ideal for scalping.

• Pro Account:

• High leverage.

• Lower commission.

• Advanced trading tools.

• Islamic Account:

• Complies with Sharia law.

• No swaps or interest.

• Demo Account:

• Risk-free trading.

• Practice strategies without financial risk.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• Not suitable for beginners.

• Islamic Account:

• Limited availability of instruments.

• Demo Account:

• Limited duration and not suitable for real trading.

lc markets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific restrictions.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, national ID).
• Proof of Residence: Utility bill, bank statement, or government document showing your name and address.

Additional Documentation for Professional Accounts

• Professional Account Verification: May require additional financial documents or proof of trading experience.

KYC/AML Compliance Procedures

• lc markets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure the security of all accounts.

Verification Time Frames

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

Step-by-Step lc markets Account Opening Guide

Detailed Registration Process

1. Visit the Website: Go to the lc markets homepage.
2. Click Registration: Find and click the registration button.
3. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and leverage.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. 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 the layout may differ slightly. Ensure that all information is entered accurately.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

lc markets Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Same trading conditions as live accounts.

How to Open a Demo Account

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

Demo Account Limitations

• Limited duration (typically 30 days).
• Virtual funds only; cannot be converted to real money.

Virtual Balance Amount

• Typically starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

lc markets Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, lc markets offers an Islamic account option that is swap-free.

Eligibility Requirements

• Must adhere to Islamic finance principles.

Differences from Standard Accounts

• No swaps or interest charges on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Must comply with Sharia law; trading conditions may differ from standard accounts.

FAQs – lc markets Account Types & Opening

1. What account types does lc markets offer？

• lc markets 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 balance.

1. How long does lc markets account verification take？

• Verification typically takes 1-3 business days.

1. Does lc markets offer demo accounts？

• Yes, lc markets provides demo accounts for practice.

1. Can I have multiple account types with lc markets？

• Yes, traders can have multiple account types.

1. Does lc markets offer Islamic/swap-free accounts？

• Yes, lc markets offers Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

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