This complete guide walks you through the entire process of opening a Ic Markets trading account, from registration to your first trade. Ic Markets is known for institutional-grade execution, tight spreads, and professional trading conditions that appeal to experienced traders. We cover everything you need to know about the account opening process, available account types, verification requirements, and platform setup.
Ic Markets positions itself as a professional-grade broker offering ECN/STP execution with tight spreads and fast order processing. The broker has built a strong reputation among active traders, scalpers, and algorithmic traders who require reliable execution and competitive pricing.
Understanding the available account types is crucial before opening your account. Here is a detailed comparison:
| Feature | Standard | Raw/ECN |
|---|---|---|
| Spreads | From 1.0 pips | From 0.0 pips |
| Commission | None | From $3/side |
| Min Deposit | $200 | $200 |
| Best For | Casual traders | Active/professional |
Navigate to the Ic Markets official website and click the "Open Account" or "Register" button. You will be directed to the online application form.
Fill in your personal details including full name, email, phone number, date of birth, and residential address. You will also need to answer questions about your trading experience, financial situation, and investment objectives. These questions are required by regulators to assess your suitability for leveraged trading.
Upload your identity documents for KYC verification. You need a government-issued photo ID (passport, national ID, or driver's license) and proof of address (utility bill or bank statement dated within 3 months). High-quality scans or clear photos are essential for fast processing. Read our detailed Account Types Explained for more information.
Select your preferred account type (Standard or Raw/ECN), base currency, leverage level, and trading platform. These settings can usually be modified later, but choosing correctly upfront saves time.
Deposit funds using your preferred payment method. Available options typically include bank transfer, credit/debit card, and e-wallets. Processing times range from instant (cards, e-wallets) to 1-3 business days (bank transfers).
Download MT4, MT5, or the broker's proprietary platform. Log in with your trading credentials and configure your workspace. Set up your preferred chart layouts, indicators, and watchlists before placing your first trade.
Not sure if Ic Markets is right for you? Compare conditions with our recommended brokers.
Try Exness (0.0 Spreads)Here is how Ic Markets compares to the two most popular alternatives. Understanding these differences helps you choose the broker that best matches your needs. Check our Minimum Deposit Brokers for more options.
| Criteria | Ic Markets | Exness | XM |
|---|---|---|---|
| Min Deposit | $200 | $10 | $5 |
| Withdrawal Speed | 1-2 days | 22 seconds | 24 hours |
| Welcome Bonus | None | None | $30 free |
| ECN Spreads | From 0.0 | From 0.0 | From 0.6 |
Ic Markets is a solid choice for experienced traders who prioritize execution quality and institutional-grade conditions. The $200 minimum deposit and focus on professional features make it less suitable for absolute beginners, who may prefer starting with XM ($5 minimum) or Exness ($10 minimum). For traders who have outgrown basic broker platforms and want raw ECN conditions, Ic Markets delivers competitive value.
Compare the top brokers and open an account that matches your trading level.
Open XM Account ($30 Free)Yes, IC Markets holds regulatory licenses from ASIC (Australia), CySEC (Cyprus), and FSA (Seychelles). The ASIC and CySEC licenses are among the most respected in the forex industry, ensuring client fund segregation, negative balance protection, and regular audits.
IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader. Each platform is available on desktop, web, and mobile. The cTrader platform is particularly popular among algorithmic traders due to its native C# programming support through cAlgo and advanced order types.
IC Markets reports average execution speeds of under 40 milliseconds with their New York (NY4) and London (LD5) data centers. The broker routes orders through Equinix data centers, which are the same facilities used by major banks and hedge funds, ensuring institutional-grade execution quality.
Risk Warning: Trading forex and CFDs involves significant risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work. This article contains affiliate links.