IC Markets is one of the leading online Forex brokers, offering a wide range of account types to suit different traders. IC Markets offers three main account types: Standard, True ECN and cTrader. Each account type has its own features, such as spreads, commissions and leverage. This article will provide an overview of the different IC Markets account types and their features.
For beginners, they have an IC Markets demo account that offers no-cost trading and a wide range of products are included in all account types. For professionals, they offer an ECN account which is more expensive but offers greater trading flexibility and access to the most liquid markets.
Gross prices and a wide range of products are included in all IC Markets account types. Suitable for both new and experienced traders, simply choose your preferred trading platform and pricing model to get started.
Different IC Markets account types
Trading accounts are a type of financial account that allow investors to buy and sell assets. There are different types of trading accounts and each one has different rules to follow. In this article, you will learn what the various types of trading accounts are, how they work, and when they should be used.
Raw Spread
IC Markets- MT4, MT5, Android, iOS
- Over 65 currency pairs, Commodities, Indices, Bonds, Stocks, Futures
- Minimum deposit $200
- Commission $3.5 (per USD 100k)
- Spreads from 0.0 pips
- 1:30 & 1:500* Leverage
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
cTrader Raw
IC Markets- cTrader
- Over 65 currency pairs, Commodities, Indices, Bonds, Stocks, Futures
- Minimum deposit $200
- Commission $3.0 (per USD 100k)
- Spreads from 0.0 pips
- 1:30 & 1:500* Leverage
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
Standard
IC Markets- MT4, MT5, Android, iOS
- Over 65 currency pairs, Commodities, Indices, Bonds, Stocks, Futures
- Minimum deposit $200
- Commission Free
- Spreads from 0.6 pips
- 1:30 & 1:500* Leverage
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
Islamic Account
IC Markets- MT4, MT5, cTrader, Android, iOS
- Trade over 90 instruments
- Minimum deposit $200
- No additional costs in place of Swaps
- Spreads as low as 0.0 pips
- 1:30 & 1:500* Leverage
- Deposit bonuses. Not available
- Loyalty bonuses. Not available
1:500* Leverage only available from Raw Trading Ltd (“IC Markets Global”), an entity that is neither established in the European Union nor regulated by an EU National Competent Authority.
Fast order execution with IC Markets account
The IC Markets MetaTrader 4 and 5 servers are located in the Equinix NY4 data centre in New York. The NY4 data centre referred to as a financial ecosystem is home to over 600 buy and sell side firms, exchanges, trading venues, market data and service providers. The MetaTrader 4 and 5 servers are cross connected to our network to ensure low latency and the fast execution of your trades.
The IC Markets account has an average latency of less than 1 millisecond with major VPS providers, either in the NY4 data center or through dedicated lines to nearby data centers.
This low latency environment is ideal for automated and High Frequency Trading and scalping.
No Restrictions on Trading – Scalping Allowed
The IC Markets account has no trading restrictions. They offer the best trading conditions for scalping and high frequency trading worldwide, allowing traders to place orders between the spread, as there is no minimum order distance and a freeze level of 0. This means that orders, including stop loss orders, can be placed as close to the market price as you wish.
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC Markets. Traders do not pay margin on hedged trades and enjoy the benefits of margin netting.
Level II Pricing – Market Depth
Depth of market shows the full range of executable prices coming directly from pricing providers. Depth of market offers complete transparency of the liquidity of each currency pair by showing the available volumes for each price level at any given time. High liquidity, asynchronous spot prices and low latency guarantee the tightest possible spreads.
Raw pricing with IC Markets account
IC Markets is able to offer market pricing and some of the best trading conditions through the MT4 and MT5 platforms by providing clients with Raw Pricing.
The Raw Pricing environment allows you to trade on institutional grade pricing on almost the same level of the world’s leading execution venues. Executable Streaming Prices (ESP) are sent from IC Markets’ pricing providers to us and offered to our clients with no dealing desk, price manipulation or requotes. IC Markets is the Forex provider of choice for high volume traders, scalpers and robots who demand the tight spreads and best possible execution.
Spreads from 0.0 pips
IC Markets boasts some of the tightest spreads of all forex brokers globally. Spreads start at 0.0 pips on the MetaTrader 4 and 5 platforms with the average on EURUSD being 0.1 pips 24/5. This is currently one of the tightest average EURUSD spread globally.
Our pricing connector, aggregates a mix from up to 25 different prices providers, that means that we are always able to source the best price for our clients and keep our spreads tight, especially during high volatility times such as news announcements..
Low Spreads
IC Markets boasts some of the tightest spreads of all Forex brokers globally. There is no minimum spread on the cTrader platform and spreads on the EUR/USD can often be seen at 0.0 pips during the European and North American trading sessions. The average spread on EUR/USD is 0.1 pips 24/5. This is currently one of the tightest average EUR/USD spread globally.
Our pricing connector, aggregates a mix from up to 25 different pricing providers, which means that we are always able to source the best possible price for our clients and keep our spreads tight, especially during high volatility times such as news announcements.
Overnight Financing Charges
Swap free accounts do not pay or earn swap or interest on any trades for Currencies, Metals & Indices excluding exotic Currency Pairs, Brent, Natural Gas, and WTI’s, where a small financing charge is applicable overnight. Any trades open for more than 1 day in the below mentioned pairs will be charged a flat rate financing charge. Rates & holding period is subject to change to reflect market conditions when necessary. IC Markets Raw Spread and Standard Account commissions and spreads apply.
Click here to access the terms & conditions governing the use of ‘Islamic Accounts‘ at IC Markets.
Trade Responsibly: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors.
