IC Markets Review

How to Open an IC Markets Account

To register an account with IC Markets, simply follow these steps:

1. Visit the IC Markets website and click on the green “Open a Live Account” button.
2. Select the account type that best suits your trading needs.
3. Complete the application form with the required information.
4. Fund your account to start trading.
5. Download your preferred trading platform to your computer or mobile device.

Are There Any Requirements for Opening an IC Markets Professional Account?

Yes, IC Markets offers an Islamic Account, which adheres to Sharia law by waiving swap fees on overnight positions.

What Is the Process to Open an Account with IC Markets?

IC Markets offers two main account types:

• Raw Spread Account: Features spreads starting from 0.0 pips and includes a commission fee.
• Standard Account: No commission fees, with spreads starting at 0.6 pips.

cTrader is a popular trading platform known for its intuitive interface and advanced functionality, making it a top choice among professional traders worldwide.

The platform offers powerful features that ensure a transparent trading environment with Level II pricing and fast order execution—essential for executing complex or advanced trading strategies.

Additionally, cTrader provides advanced charting tools and supports algorithmic trading, allowing users to create and implement automated systems tailored to their specific trading needs.

With its combination of innovative features and a user-friendly design, cTrader enhances trading efficiency while maintaining transparency, making it ideal for navigating modern financial markets.

This platform also serves as an excellent option for traders seeking a competitive edge in dynamic global markets.

IC Social

IC Social is a unique platform created by IC Markets to address the increasing demand for global social trading.

This collaborative platform allows traders to exchange ideas, track market trends, and copy the trades of skilled traders, building a collective knowledge base that benefits all users.

Designed for both beginners and experienced traders looking to expand their trading strategies, IC Social prioritizes connectivity and mobile responsiveness. It meets the needs of today’s socially-driven trading community, offering easy access and inclusive participation while maintaining high-quality standards.

Signal Start

IC Markets’ Signal Start service provides a robust trading system that automates the process of sourcing signals from a wide range of global signal providers.

This service is especially valuable for traders seeking to diversify their strategies by tapping into various trading styles and markets, benefiting from expert insights across multiple asset classes.

Signal Start is recognized for its user-friendly interface, which seamlessly integrates with trade indicators, giving investors reliable tools to enhance their trading outcomes.

Moreover, the platform emphasizes technical stability, ensuring rapid execution and consistent performance in the highly competitive markets that traders face today.

ZuluTrade’s robust risk management tools and customization options allow users to adjust their social trading experience based on their financial goals and risk tolerance.

The partnership between ZuluTrade and IC Markets enhances the platform’s value by offering competitive spreads and seamless access to deep liquidity pools, essential benefits in the global trading landscape.

Can I use automated trading methods?
Yes, IC Markets’ platforms support automated trading through Expert Advisors (EAs) on MetaTrader and cBots on cTrader.

Can I access the trading platforms through any web browser?
Yes, IC Markets provides a WebTrader platform for MetaTrader and cTrader, allowing access via any web browser without needing to install any programs.

Fees, Spreads, and Commissions

Spreads

IC Markets sets itself apart by presenting a competitive spread structure across its diverse account types, accommodating the needs and requirements of global traders.

For users holding Raw Spread and cTrader accounts, spreads can start as low as 0.0 pips, particularly for highly liquid currency pairings such as EUR/USD.

This narrow-spread approach benefits trading strategies like scalping or high-frequency transactions where execution costs significantly impact profitability metrics.

In contrast, Standard Accounts initiate their spreads at 0.6 pips, which is notably higher yet does not attract additional commission fees to compensate.

IC Markets’ goal behind these aggressive pricing schemes is to decrease overall trader expenses while empowering them with maximal potential in fast-paced financial markets.

Commissions

At IC Markets, we have designed our commission rates to align with the selected account type. This approach reflects our unwavering commitment to delivering transparency and equitable pricing for all clients.

For users of the cTrader Account, a fee of $3 is levied on each side, resulting in an overall charge of $6 per round turn—an attractive option optimized for individuals who require advanced functionality from this platform.

In contrast, Raw Spread Account subscribers incur marginally higher fees at a rate of $3.5 charged on either side or total charges amounting to $7 every round turn—a package tailored specifically for traders seeking access to some highly competitive spreads that facilitate high-volume trading activity effectively.

Finally, yet significantly important, Standard Accounts stands apart by entailing no separate costs, though incorporated into spread prices.

This provides customers with an entirely unambiguous experience regarding their orders’ final price-point appeal strategically positioned as preferable choices, particularly toward those keenly disposed toward transparent cost structures.

Overnight Fees

The imposition of overnight fees, also known as swap rates, significantly affects trading engagements with IC Markets regarding positions held open beyond the daily market cycle. Such costs reflect the variance in interest rate between two currencies forming part of an interrelated pair.

The amount credited or debited to a trader’s account considers both the direction and current fluctuation in interest differential that is numerically computed by IC Markets and converted accordingly to base currency ratios.

Given their potential impact on retained position profitability after a day lapse, it urges traders operating within the platform ecosystem to remain conversant with these charges.

Deposit and Withdrawal Fees

IC Markets increases the attractiveness of its services by providing fee-free deposits and withdrawals, a feature popular with traders worldwide. This cost-effectiveness applies to various transaction mechanisms, including credit/debit cards, e-wallets, and bank wire transfers.

By removing unnecessary transactional costs, IC Markets portrays itself as a cost-effective broker, allowing traders to optimize capital management and keep more of their profits.

Inactivity Fees

Another component of IC Markets’ client-friendly approach is the lack of inactivity fees. This approach is especially beneficial for traders who do not participate in the markets regularly.

Traders can keep their accounts open without the burden of continual activity, enabling them to strategize and join markets at times most conducive to their trading strategies without fear of paying fines during inactive periods.

Currency Conversion Fees

Although IC Markets does not expressly levy currency conversion fees, traders should exercise caution regarding probable charges related to converting currencies into other denominations, especially if the trading account employs dissimilar currencies.

Such fees for conversions are ordinarily set by payment providers or financial institutions involved in handling transactions and constitute a significant determinant affecting trader activities regarding foreign currency inflow management.