IC Markets Account Type

IC Markets offers a variety of account types tailored to different trading needs and experience levels. The main account types include:

• Standard Account:
• Minimum deposit: $50
• Lot size: 100,000 units (standard lot)
• Features: Fixed spreads, high leverage up to 1:1000, and no commissions on trades.
• ECN Account:
• Minimum deposit: $500
• Lot size: 100,000 units (standard lot)
• Features: Variable spreads starting from 0.0 pips, low commissions, and direct access to the interbank market.
• cTrader Account:
• Minimum deposit: $200
• Lot size: 100,000 units (standard lot)
• Features: Similar to ECN accounts with a focus on the cTrader platform, offering advanced trading tools and features.
• Demo Account:
• No minimum deposit required.
• Allows trading with virtual currency to practice strategies without financial risk.
• Islamic Account:
• Available for traders who adhere to Islamic finance principles.
• Features: No swap or rollover fees, similar trading conditions to Standard or ECN accounts.

IC Markets Broker Account Opening Process

Opening an account with IC Markets involves a straightforward process:

• Choose Account Type: Decide which account type suits your trading style and objectives.

• Register Online:

• Visit the IC Markets website and click on the "Open Live Account" button.
• Fill out the registration form with personal details, including name, email, and phone number.
• Verify Your Identity:
• Submit identification documents (e.g., passport or driver's license) and proof of address (e.g., utility bill) to comply with regulatory requirements.
• Fund Your Account:
• Choose a funding method (bank transfer, credit/debit card, or e-wallet) and deposit the minimum required amount based on your chosen account type.
• Download Trading Platform:
• Install the trading platform of your choice (MetaTrader 4, MetaTrader 5, or cTrader) to start trading.
• Practice with a Demo Account:
• If you are new to trading, consider practicing on a demo account before trading with real money.
• Start Trading:
• Once your account is funded and you are comfortable with the trading platform, you can begin trading on the forex market.

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