IC Markets Account Types: A Guide for Traders and Investors 2024

IC Markets offers two major accounts: the Standard Account and the Raw Spread Account. The raw spread account can be of two types: Raw Spread metatrader, and Raw Spread Ctrader account. The Standard account is spread-based, while the Raw Spread account is commission-based. Additionally, based on client type (Client profile), IC Markets offers a good number of account types: 

Below is the full list of account types offered by IC Markets:     

• IC Markets Standard account
• IC Markets Raw spread Metatrader Account 
• IC Markets Raw Spread Ctrader Account
• IC Markets Islamic account
• IC Markets Professional account
• IC Markets Joint Account
• IC Markets Company (Corporate) Account 

IC Markets Standard Account: Best for Beginners

IC Markets Standard Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.

Key Features of IC Markets Standard Account:

• Applicable For: Applicable for all jurisdictions including ASIC, CySEC, and FSA 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
• Trading Platforms: MT4, MT5 
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Only Spread is charged (No Commission). Variable spreads from 0.8 pips. A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 100 Lots 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

IC Markets Raw Spread MetaTrader Account: Best for EA traders and Scalpiers

IC Markets Raw spread metatrader Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit scalpers or EA traders who prefer to trade with metatrader ( MT4/MT5).  

Key Features : 

• Applicable For: Applicable for all jurisdictions including ASIC, CySEC, and FSA 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
• Trading Platforms: MT4, MT5 
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Commission is charged at $3.5 or $7.0 per lot round turn (spread from 0.0 pips). A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

Raw Spread Ctrader: Best for Scalpers and Day traders

IC Markets Raw spread Ctrader Accounts are designed to meet the needs of day traders and scalpers. 

Key Features : 

• Applicable For: Applicable for all jurisdictions including ASIC, CySEC, and FSA 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
•  Trading Platforms: MT4, MT5 
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Commission is charged at $3.5 or $7.0 per lot round turn (spread from 0.0 pips). A rollover commission is applied on open positions overnight.
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations, however, the Investor Protection Scheme does not apply to FSA jurisdiction. Additionally, the Investor Protection Scheme is unavailable for professional accounts.

IC Markets Islamic Accounts: Best for Muslim traders and investors

• Applicable For: Applicable for two jurisdictions such as  ASIC and FSA. However, an Islamic account is not available under CySEC regulation.  
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
•  Trading Platforms: MT4, MT5, Ctrader, Tradingview  
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: Up to 30:1 ( ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees:  It depends on the account type you choose: Standard account or Raw Spread Account. Spread is charged on the Standard account, and commission is charged on the Raw Spread account. No rollover fee is applied. However, an admin fee is applied in place of rollover fees
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a Time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations, however, the Investor Protection Scheme does not apply to FSA jurisdiction. Additionally, the Investor Protection Scheme is unavailable for professional accounts.

IC Markets Professional Account: Best for Pro Traders

Key Features : 

• Applicable For: Applicable for two jurisdictions such as  ASIC and CySEC. However, the professional account is not available under FSA regulation.  
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
•  Trading Platforms: MT4, MT5, Ctrader, Tradingview  
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: up to 500:1 for a professional account.
• Trading Fees: Depends on the account types you choose: Standard account, Raw Spread Account. Spread is charged on the Standard account, and commission is charged on the Raw Spread account. A rollover commission is applied on open positions overnight. However, you can also choose swap free Islamic account. 
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a Time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  No investor protection for Professional accounts.  

IC Markets Joints Account: Best for family members

The IC Markets Joint Account is a shared trading account that allows two or more individuals to trade jointly. It’s an ideal option for partners, family members, or friends who wish to combine their resources and collaborate on trading activities. With a IC Markets Joint Account, all parties have equal access to the account, enabling them to monitor trades, manage funds, and execute trading decisions collectively. This account type fosters transparency and collaboration among account holders, making it suitable for those who prefer to trade as a team.

Key Features : 

• Applicable For: Applicable for all jurisdictions such as  ASIC, CySEC, and FSA. 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
•  Trading Platforms: MT4, MT5, Ctrader, Tradingview  
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Depends on the account types you choose: Standard account, Raw Spread Account. Spread is charged on the Standard account, and commission is charged on the Raw Spread account. A rollover commission is applied on open positions overnight. However, you can also choose swap free Islamic account. 
• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a Time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations, however, the Investor Protection Scheme does not apply to FSA jurisdiction. Additionally, the Investor Protection Scheme is unavailable for professional accounts.

IC Markets Company (Corporate) Account: Best for Trading as a Company

IC Markets Company Account is a trading account specifically designed for businesses or corporate entities rather than individual traders. This type of account allows companies to trade in various financial markets, including forex, commodities, indices, and cryptocurrencies.

With an IC Markets Company Account, businesses can access advanced trading platforms, leverage institutional-grade liquidity, and benefit from trading solutions to meet their specific needs. These accounts often offer features such as multiple-user access, detailed reporting capabilities, and customizable trading conditions.

IC Markets Company Accounts comply with the unique requirements of corporate clients, providing them with the tools and support necessary to execute their trading strategies effectively.

Key Features : 

• Applicable For: Applicable for all jurisdictions such as  ASIC, CySEC, and FSA. 
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, commodities, indices, bonds, stocks, futures, cryptocurrencies (2150+ assets in total)
•  Trading Platforms: MT4, MT5, Ctrader, Tradingview  
• Minimum Deposit:  $200 or Equivalent. 
• Maximum Leverage: 
• Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Depends on the account types you choose: 

• Standard Account: Spread starting from 0.8pips ( No commission) 
• Raw Account: $3.5($7.0 per lot round turn) for raw metatrader or $3.0($6.0 per USD 100k round turn) for Raw Ctrader or Tradingview. 
• You may choose a swap-free Islamic Account

• Minimum Trade Size: 0.01 lot. 
• Funding Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD and HKD.
• Maximum Number of Positions ( At a Time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 50%
• Margin Call Level: 100% 
• Negative balance Protection: Yes 
• Investor Protection: Available under ASIC and CySEC regulations, however, the Investor Protection Scheme does not apply to FSA jurisdiction. Additionally, the Investor Protection Scheme is unavailable for professional accounts. 

Frequently Asked Questions (FAQs)

What types of accounts does IC Markets Offer?

IC Markets offers two major types of accounts. Additionally, based on client types, IC Markets offers a couple of account types for the convenience of different types of traders and investors

What is the difference between IC Markets Standard and Raw Account?

The main difference between IC Markets’s Standard Account and Razor Account lies in the pricing and fee structure. The Standard Account generally has higher spreads but no commissions, while the Raw Account features lower spreads but charges a small commission per trade. The choice between these two account types depends on the trader’s trading style and preferences.

What type of IC Markets Account is good for beginners?

For beginners, the IC Markets Standard Account is often recommended. It provides a user-friendly trading environment with competitive spreads and no commissions. This account type allows beginners to focus on learning and practicing their trading strategies without the added complexity of commissions.

Can I have 2 IC Markets accounts?

Yes, it is possible to have multiple IC Markets accounts. Traders who wish to diversify their trading strategies or trade different financial instruments can open multiple accounts under the same name. This flexibility allows traders to manage their trading activities more efficiently.

Does IC Markets charge for inactive accounts?

No, Ic Markets does not charge any inactivity fees. 

Can I switch between IC Markets account types after I’ve made my choice？

Yes, IC Markets allows you to switch between account types. This process might involve opening a new account of the desired type and transferring funds from your existing account. It is recommended to contact IC Markets customer support for guidance on this process.