Home / Reviews / IC Markets / Accounts

IC Markets accounts and how they score

Account range and entry terms feed the rating. Here are IC Markets's accounts and the facts the score is built on.

Facts last checked . Read the full IC Markets review.

Accounts

Minimum deposit
$200
Account types
Standard, Raw Spread, cTrader Raw Spread, Islamic/Swap-Free
Account currencies
USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
Islamic account
Yes
Demo account
Yes, expires after 30 days of inactivity
Professional account
Yes, subject to professional/wholesale-client qualification under applicable entity
Minimum trade size
0.01 lots
Time to open
Usually minutes to a few hours

What this means

IC Markets runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about IC Markets accounts

What account types does IC Markets offer?

IC Markets offers 4 account types: Standard, Raw Spread, cTrader Raw Spread, Islamic/Swap-Free.

What is the minimum deposit at IC Markets?

The minimum deposit at IC Markets is $200. It can differ by account type and by the entity you register with.

Does IC Markets offer an Islamic account?

Yes. IC Markets offers a swap-free account for clients who need one.

Accounts at brokers under the same regulator

More about IC Markets