IC Markets is a global forex and CFD broker that offers a variety of account types to suit the needs of different traders. Whether you are a beginner or an experienced trader, IC Markets has an account type that is right for you. In this article, we will discuss the different types of IC Markets accounts, their features, and how to choose the right account type for your needs. We will also provide some additional information about IC Markets accounts, such as minimum deposit requirements, account funding methods, and customer support.
Standard Account: This is the most popular account type, and it is ideal for both beginner and experienced traders. The Standard Account offers competitive spreads and low commissions.
Raw Spread Account: This account type is designed for experienced traders who want the tightest spreads possible. The Raw Spread Account offers spreads as low as 0 pips, but it does charge a commission on each trade.
cTrader Raw Spread Account: This account type is similar to the Raw Spread Account, but it uses the cTrader trading platform. cTrader is a popular trading platform that is known for its advanced features and speed.
Islamic Account: This account type is designed for Muslim traders who follow Sharia law. The Islamic Account is swap-free, which means that there are no overnight interest charges on open trades.
Demo Account: This account type is a risk-free way to try out IC Markets' trading platform and account types before you start trading with real money.
Features of IC Markets Accounts
Access to over 6,000 trading instruments, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies
Competitive spreads and low commissions
Fast order execution and reliable trading platform
24/5 customer support
Leverage of up to 1:500 (depending on the instrument being traded)
When choosing an IC Markets account type, you should consider your trading experience, trading goals, and risk tolerance. If you are a beginner trader, the Standard Account is a good option. It offers competitive spreads and low commissions, and it is easy to use.
If you are an experienced trader who is looking for the tightest spreads possible, the Raw Spread Account is a good option. However, you should be aware that the Raw Spread Account does charge a commission on each trade.
If you are using the cTrader trading platform, you may want to consider the cTrader Raw Spread Account. It offers the same benefits as the Raw Spread Account, but it uses the cTrader trading platform.
If you are a Muslim trader who follows Sharia law, the Islamic Account is a good option. It is swap-free, which means that there are no overnight interest charges on open trades.
The following table compares the different types of IC Markets accounts:
Account Type | Minimum Deposit | Spreads | Commissions | Platform |
Standard Account | $200 | Starting from 0.6 pips | $0.6 per $100,000 traded | MetaTrader 4 and MetaTrader 5 |
Raw Spread Account | $200 | Starting from 0 pips | $7 per $100,000 traded | MetaTrader 4 and MetaTrader 5 |
cTrader Raw Spread Account | $200 | Starting from 0 pips | $7 per $100,000 traded | cTrader |
Islamic Account | $200 | Starting from 0.6 pips | $0.6 per $100,000 traded | MetaTrader 4 and MetaTrader 5 |
Demo Account | Free | Variable | Variable | MetaTrader 4 and MetaTrader 5 |
Minimum deposit: The minimum deposit for all IC Markets accounts is $200.
Account funding: IC Markets offers a variety of account funding methods, including bank transfers, credit cards, debit cards, and e-wallets.
Account withdrawal: IC Markets processes account withdrawals quickly and efficiently. Withdrawals are typically processed within 24 hours.
Customer support: IC Markets offers 24/5 customer support via live chat, phone, and email.
To get started with IC Markets, you will need to create an account. You can do this by visiting the IC Markets website and clicking on the "Open Account" button.
Once you have created an account, you will need to deposit funds into your account. You can do this using a variety of methods, including bank transfers, credit cards, debit cards, and e-wallets.
Once you have deposited funds into your account, you can start trading. You can do this by downloading the MetaTrader 4 or MetaTrader 5 trading platform from the IC Markets website.
IC Markets offers two trading platforms: MetaTrader 4 and MetaTrader 5. MetaTrader 4 is the most popular trading platform in the world, and it is known for its user-friendly interface and powerful features. MetaTrader 5 is a newer trading platform that offers several additional features, such as built-in economic calendars and news feeds.
IC Markets offers a variety of educational resources to help traders learn more about trading and the financial markets. These resources include video tutorials, webinars, and articles. IC Markets also offers 24/5 customer support via live chat, phone, and email.
IC Markets is a good choice for traders of all experience levels. It offers a variety of account types, competitive spreads low commissions, and fast order execution. IC Markets also offers a wide range of educational resources and 24/5 customer support.