IC Markets Account Types Compared

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Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.
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The IC Markets account types have several similarities. Moreover, all accounts are fully segregated from the company funds. The Standard Account comes with no commissions and low spreads starting from one pip. The Raw Spread account charges you $7 per standard lot round-turn. Depending on the base currency, commission rates may vary. IC Markets is fully regulated and offers a wide variety of commission rates. TU has compared IC Markets accounts trading conditions, spread, minimum deposit, etc.

The minimum deposit amount for a cTrader RAW account is 200 currency units, while for an MT4/MT5 account, the minimum deposit is 1,000 currency units. You can make withdrawals via various deposit methods, though it may take several business days for the money to reach your bank account. Regardless of account type, IC Markets has flexible terms for both withdrawals and deposits.

IC Markets Account Types Compared

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Your capital is at risk.
Up to 75.93% of the broker’s non-professional clients incur losses when trading CFDs.

To help you decide which IC Markets account types to open, this article will review the account types and features available. Despite the numerous options available, the accounts offered by IC Markets are all relatively similar. They all share the same liquidity source and ECN, but they differ in terms of trading costs. All accounts come with one-click trading, no dealing desks, and high leverage options of up to 500:1. All IC Markets accounts are compatible with scalpers.

An IC Markets demo account is the best way to learn the ropes of real market trading. It lets you practice trading before you invest real money. By using the account, you can trade, analyze market trends, and place bids. The Demo IC Markets account has no limit on virtual cash and is built on the MetaTrader trading platform, one of the most advanced in the industry. If you are new to trading, IC Markets' free demo accounts offer an excellent opportunity to learn about the trading platform. There are several different features and benefits to choosing a demo account. Demo accounts allow you to explore the trading platform and learn the basics of day trading.

If you are a Muslim, you might be interested in opening an Islamic IC Markets account type. This type of trading account complies with Islamic Sharia law and does not charge interest. This type of account does come with a small fee, which depends on the currency pair. The fee starts at $5. IC Markets is a world-renowned forex broker, so you can expect to see a lot of positive feedback about it.

Is Forex Trading Halal?

The IC Markets MetaTrader 4 account offers fast trade execution and low spreads, starting at 0,1 pip. The minimum opening balance is $200 USD, and trades on 60 currencies, and metals and 17 CFDs are available. The IC Markets live market execution accounts all offer excellent trading conditions. Traders can select a standard, raw spread, or cTrader raw spread account.

IC Markets Standard Account

If you're looking for a broker that offers an excellent demo account, you can't do much better than IC Markets. The Commission (per lot) of IC Markets Standard Account is $0.0 having a MetaTrader trading platform. The minimum deposit of this account is $200. Around 61 Currency Pairs is offering this account.

IC Markets Raw Spread Account

The IC Markets Raw Spread Account is the most popular of all forex trading accounts, allowing for the lowest overall spread in the industry. IC Markets' Raw Spread Account offers traders low spreads on 61 currency pairs and can also be converted to an Islamic account. The account is also fully customizable. The minimum deposit of this account is $200. The Commission of IC Markets Standard Account is $3.5 having a MetaTrader trading platform.

cTrader IC Market Account

If you have an IC Markets Account, you can enjoy a variety of tools to help you trade more successfully. In addition to cTrader desktop, mobile, and web versions, you can also access their library of educational and research resources. When first starting out, it may be difficult to choose which products to trade with, but IC Markets should help you do so with ease. The company is registered with various regulatory bodies and can take legal action if you lose money while trading.

IC Markets Account Types Comparison

Criteria Standard Raw Spread Swap Free account

Suitable For

Day Traders & Scalpers

EAs & Scalpers

Discretionary Traders

One Click Trading

Yes

Yes

Yes

Minimum deposit

$200

$200

$200

Base currencies

USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD

Trading instrument

cTrader

MetaTrader

MetaTrader

Max leverage

1:500

1:500

1:500

EURUSD average spread

0.1 pips

0.1 pips

0.1 pips

Forex Fee (if any)

$3.0

$3.5

$0.0

Forex Swap

Yes

Yes

No

IC Markets Account Types vs Competitors
IC Markets Forex.com eToro

Standard account

Yes

Yes

Yes

ECN account

Yes

Yes

No

Pro Account

Yes

Yes

No

Islamic (swap free account)

Yes

Yes

Yes

Cent Account

No

No

No

Demo

Yes

Yes

Yes

How to Open an IC Markets Account?

To open an account with IC Markets, you will need to visit the website of the broker and fill out the required information. You will need to enter your full name and address as well as upload a secondary ID (valid dated within three months).

Step 1: Completing Your Personal Information

You have to provide your personal information according to the form requirement.

How to open an IC Markets Review

How to open an IC Markets Review

Step 2: Completing Your IC Markets Live Account Profile

You can open an IC Markets demo account and IC Markets Live Account. So, you have to complete your IC Markets Live Account Profile by filling in the necessary information.

How to open an IC Markets Review

How to open an IC Markets Review

Step 3: Choose Your Trading Platform

Now, it’s your turn to choose your trading platform according to your preference.

How to open an IC Markets Review

How to open an IC Markets Review

Step 4: Uploading Your Documents to Verify Your IC Markets Account

Then, you have to upload the required documents for verifying your account.

How to open an IC Markets Review

How to open an IC Markets Review

Step 5: Go For Verification Pending

Finally, you have to wait for the verification mail. After getting the mail, you will be all set for trading On IC Markets Broker.

How to open an IC Markets Review

How to open an IC Markets Review

FAQ

Can You Use a Demo Account at IC Markets?

IC Markets offers a demo account with no expiration date, which can be used for a limited period.

Does IC Markets Offer a Guaranteed Stop Loss?

No, IC Markets do not offer guaranteed stop loss orders.

Maximum Leverage in IC Markets?

IC Markets offer a variety of CFD trading options and features. You can trade on 11 major stock exchanges with a maximum leverage of 1:5. You can trade on forex, commodities, and MT4 and MT5 platforms. You can also take advantage of leverage as high as 1:500. To learn more, read our review of the IC Markets website. We will also look at the maximum leverage allowed.

Is IC Markets Halal?

Is IC Markets Halal? This question has arisen in recent years due to several different reasons. For one thing, IC Markets offers Islamic accounts, which are swap-free accounts. Another thing that IC Markets does is that they do not charge any withdrawal fees. However, withdrawal processing time may vary, depending on the date you submit the request and the payment method you choose.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

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