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IC Markets Account Types- All you need to Know About

Are you planning to open an account in the IC Markets but confused about picking the right account type? If yes, then there is no need to take tension because we will describe all the features of every account offered by the IC Markets.

Hence without any delay, let’s jump into the article.

IC Markets Account Types

IC Markets offer you an extensive range of account types options. All of them have some merits and demerits. So, before finalizing your decision, it is highly significant to see all the features of the account and make the best decision.

Standard Account

IC Markets minimum deposit in ZAR is R3200 and 200 in USD. You have the option of an Islamic account as well if you opt for this account. Here we are going to enlist features of this account type.

  •     Commission-free
  •     Order execution is quite fast
  •     Liquidity is deep
  •     Leverage is 1:500

cTrader Raw Account

In the case of the EUR/USD currency pair, the spreads start from 0.0 pips. Furthermore, the per lot commission is $3.00. If you go for this account, you can use cTrader as your trading platform. cTrader Raw Account is favorable for the Scalpers and Day traders as well.

Raw Spread Account

The notable thing about the Raw Spread account is that it provides the lowest possible spread. In addition, the EUR/USD spread for this account type is 0.1 pips, and commission is also low, and its value is $3.50.

Furthermore, this account type also offers fast execution and deep liquidity. This account type is designed for scalpers, expert advisors, and day traders.

IC Markets Demo Account

If you are a novice forex trader and want to get some experience, then it is imperative to prefer going for a demo account. By using this platform, you can get all the features of the MetaTrader 4. So, in this way, you will get to know about the broker’s conditions, so you will have to face fewer challenges when you go for an actual or real account. Here are the features of the demo account:

  •     Order execution is quite fast and quick
  •     Lot sizing is flexible
  •     Spreads start from 0.0 pips
  •     There are no restrictions related to trading
  •     Basic pricing

IC Markets Islamic Account

The IC Markets will allow you to keep away from the swap fees that are not permitted according to the rules of islam.

So, such account types don’t earn or pay from the interest you get from trading multiple digital assets such as Metals and Indices except for the exotic currency pairs, WTI’s Natural gas, and Currencies.

Features of the Islamic Account

  •     Allow trading in more than 90 instruments
  •     Leverage is 1:500
  •     MetaTrader 4 and 5 are available
  •     Spreads as low as 0.0 pips 

Final Thoughts

To wrap up the discussion, we must say that your success as a forex trader relies greatly on the forex broker you have selected. Once you have chosen the broker, the next step is to go for the most suitable account type. So, always gather information and try your best to make the right decision. Read more about liangzhongmiye.

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