Comparison of ICMarkets’ trading account types and platforms

Accounts created to meet any need and trading style and cutting-edge platforms for optimal trading.

IC Markets

Considered one of the best brokers in the world for Forex trading, IC Markets offers its clients a well-structured environment rich in investment opportunities. Strictly regulated by multiple control bodies, the broker provides a secure and transparent service, an essential feature to establish a trust-based relationship with the client. IC Markets allows trading on a wide range of markets with convenient trading conditions and cutting-edge tools for excellent trading.

Minimized spreads

Having invested numerous resources in cutting-edge technology and reliable price providers, the broker has the possibility to offer ultra-low spreads to invest in the Forex markets.

Lightning-fast order execution.

Technologically advanced hardware and dedicated trading servers in the NY4 and LD5 data centers in New York and London, allow a direct connection between the company’s network and the price providers. This ensures traders low latency and almost instantaneous order execution.

Cutting-edge technology.

To offer clients an environment rich in cutting-edge tools, IC Market collaborates with the best technology providers for trading. Among the latest generation features available we can find: Depth of Market (DoM), integrated spread monitoring, ladder trading, automatic closing of trades with custom order templates, and much more. Also, continuous updates on mobile trading apps allow the trader to have total control over their operations anytime and anywhere.

Excellent trading conditions.

The environment created by the broker is structured to allow any trader to perform their operation to the fullest of their abilities. There is no restriction on trading; any operation can be carried out even within the spread. Operations such as scalping, hedging, and automated trading are all allowed. Spreads starting from 0.0 pip and flexible leverage up to a max of 1:1000.

Excellent customer service.

The Broker offers a customer service composed of experts in the sector capable of resolving any issue with effectiveness and in a short time. Every trader will have the opportunity to contact the assistance center 24 hours a day, 5 days a week.

State-of-the-art platforms.

To allow its clients to trade making the most of every opportunity, the broker has the best online trading platforms available on the market: MetaTrader 4, MetaTrader 5, and cTrader. Cutting-edge software compatible with any level of experience will allow both expert and novice traders to interact with extreme ease in the markets.

Account for everyone.

The list of accounts available with the broker has been structured to be compatible with any category of trader. Experts, novices, high-volume investment traders, can choose the most suitable account for their needs and start investing making the most of their abilities.

Go to IC Markets Official Website

Accounts available with IC Markets

The list of accounts available with the broker has been created to allow any trader to trade to the best of their abilities. Each account has specific features, and every trader can choose the account most suited to their needs. Also, if the customer wants to test the offered environment without taking risks, they can opt for opening a demo account and trade with virtual funds. Among the available accounts we find:

• cTrader Raw Spread Account
• Raw Spread Account
• Standard Account

Being an internationally regulated broker, trading conditions may vary based on the customer’s country of residence. As far as European traders are concerned, the features and trading conditions of each individual account remain unchanged, except for the maximum leverage available, which is 1:30. For more information, the customer can visit the official website and contact the support team.

Open an account with IC Markets

cTrader Raw Spread Account

The cTrader Raw Spread is an account type created mainly for professional traders who require carefully selected tools and functions for high-performance trading and almost instantaneous execution speed. The right option for Day Traders and Scalpers who, by following the markets with extreme accuracy, are able to make accurate decisions in the shortest possible time and react effectively to sudden price changes. Spreads starting from zero, low commissions, leverage of 1:500, and the high market depth guaranteed by the cTrader platform will allow the customer to trade making the most of every opportunity.

Open a cTrader Raw Spread account

MetaTrader Raw Spread Account

The MetaTrader Raw Spread Account has very similar features to the previously described account, but unlike the latter, it was created to meet the needs of traders who usually use Expert Advisors for automated trading. Being able to interact in the markets through the MetaTrader 4 and MetaTrader 5 platforms, the client will benefit from minimized spreads, significant liquidity levels, lightning-fast execution speed, and fully customizable automated trading.

Open a MetaTrader Raw Spread account

Standard Account

The features and trading conditions make the Standard account compatible with any category of trader. This type of account is usually chosen by discretionary traders who carry out operations based on exclusively subjective ideas and assessments that vary depending on the level of experience. The account is the right choice for novice traders who intend to start investing and test their strategies without taking excessive risks. No commission, minimized spreads, and no trading restrictions will allow the client to trade making the most of their capabilities on MT4 and MT5 platforms.

Open a Standard MetaTrader account

How to open an account with IC Markets?

Opening an account with IC Markets is a simple and quick process. Prospective clients can choose the account that best suits their needs, sign up, and start investing within minutes. As a strictly regulated broker, IC Markets requires its clients to validate the information provided during registration through a verification process. To open an account and start investing, follow these easy steps:

First step.

To begin, the trader must visit the broker’s official website and click on one of the buttons located in the center of the page. In the new screen, the new client must fill out the form with the following information: country of residence, first name, last name, date of birth, address, valid email, phone number, and account type (individual, corporate). Click “Next.”

Second step.

Now the trader must select the platform to use (mt4 – mt5 – cTrader), the most suitable account type for their needs, and the currency to use.

Last step.

To complete the registration, the trader must choose a security question to answer in order to access some of the broker’s services (such as phone, live chat, and email) and provide the requested documents to verify their identity and country of residence. To do this, they must provide a valid identification document (such as an ID card, passport, or driver’s license) and a recent utility bill (such as electricity or gas) with the trader’s address on it.

Once the verification is successful, the new client can make a deposit into their account and start investing in the wide range of available instruments.

Open a real account with IC Markets

Account Comparison

To choose the account that best suits their needs, interested traders can consult the comparison table below, which, as in previous descriptions, details the available accounts with the broker.

Open a real account with IC Markets

Available Platforms

In addition to a list of accounts designed exclusively to allow any trader to maximize their capabilities and market opportunities, the broker enables market interaction through software with technologically advanced features and tools for high-performance trading. Each platform is available and compatible with both desktop and mobile devices, providing the trader with almost total control over their accounts and operations. The following platforms, known to be the most widely used in the world, are available:

• cTrader.
• MT4.
• MT5.

Go to IC Markets Official Website

cTrader

A modern state-of-the-art software designed to meet the needs of the most demanding traders, cTrader provides access to a wide range of tools and features for fast and reliable trading. It was one of the first platforms to support “No Dealing Desk” trading, allowing traders to trade without the intervention of intermediaries. The main feature of the platform is exceptional support for multi-asset trading, enabling clients to trade in multiple markets simultaneously. Additionally, cTrader offers various timeframes, allowing traders to choose the one that suits their trading style. Being fully customizable, cTrader adapts to individual needs, allowing traders to adjust numerous parameters according to their style and trade to their full potential.

Despite being designed for experienced traders, the platform offers a user-friendly and intuitive interface that makes it easy for traders of all levels to interact with the markets with ease. The software’s structure allows clients to create precise strategies using charting tools and technical analysis of financial markets. Moreover, traders have access to a wide range of technical analysis tools, such as moving averages, exponential moving averages, Bollinger Bands, and Fibonacci retracements.

Simple and Customizable.

The software features a user-friendly interface and allows clients to customize charts, orders, indicators, and more.

Advanced Trading Tools

The platform includes a wide range of cutting-edge tools to facilitate trading, including advanced orders, depth of market (DOM) indicators, and volume-weighted average price (VWAP).

Smart Stop Out.

To provide additional protection, cTrader offers “Smart Stop Out,” which uses extremely advanced algorithms.

Level 2 Pricing.

Maximum transparency for traders, allowing them to easily access liquidity for any pair, available volumes, and price levels at any given moment. Thanks to the broker’s high liquidity, asynchronous spot prices, and low latency, clients can take advantage of minimal spreads.

No Trading Restrictions.

Traders can use any strategy to achieve their goals. The platform has no restrictions and allows orders, including stop-loss orders, to be placed as close to the market price as possible, with no minimum order distance and a lockout level of 0. This means that any order can be placed as close as possible to the market price.

• No restrictions on limit orders.
• Full range of available orders.
• Customizable and detachable charts.
• Real-time reports.
• One-click trading included.
• Real-time forex and CFD quotes.
• Available on both desktop and mobile devices.

Invest on cTrader platform

MT4

One of the world’s most popular and widely used online trading platforms, MT4 offers a rich environment for investment opportunities and cutting-edge tools. The platform features an extremely intuitive interface designed to be compatible with all types of traders. Professionals and beginners alike can operate at their full potential, leveraging state-of-the-art tools and features. One of the main characteristics of the platform is its adaptability. The software is fully customizable, allowing traders to shape any parameter to meet their needs. The platform is available on both desktop and mobile devices.

Some features of the platform include:

• Intuitive and user-friendly interface, compatible with all types of traders and trading styles, enabling easy interaction with the markets.
• Integrated “One-Click Trading” service, allowing traders to execute any operation with great speed. This service is considered essential for trading in highly volatile markets.
• Fully customizable trading automation (Expert Advisors), allowing traders to use free trading robots, create new ones, or purchase them from the dedicated store.
• Nine different timeframes for accurately analyzing market changes over specific time periods.
• An extensive list of pending orders that can be used.
• Access to a wide range of integrated tools and functions that help traders identify and, in some cases, anticipate sudden price fluctuations.
• Over 50 available indicators and tools.
• Usable on both desktop and mobile devices; traders can download the version that suits their needs. Available on Windows, Mac, iOS, and Android devices.

Invest on MT4 platform

MT5

Undoubtedly one of the world’s most popular multi-asset platforms, used by millions of traders due to its extraordinary features that allow traders to interact with the markets while maximizing investment opportunities. An evolved and improved version of the older MT4, MT5 has been designed to provide high-performance trading using advanced features and tools in addition to those already available on MT4. Despite being designed for professional trading, the platform features a simple and highly intuitive interface that allows traders of all levels, both professionals and beginners, to interact efficiently and quickly with the markets. Among the various features of the platform, you can find an integrated economic calendar, tools for advanced technical analysis, fundamental analysis, flexible trading systems, 6 types of pending orders, 21 timeframes, and automated trading (trading robots, Expert Advisors). The software is fully customizable, allowing clients to shape any parameter to meet their needs and invest to their full potential.

• Traders can use over 100 charts simultaneously.
• Hedging is available.
• 21 different timeframes.
• One-click trading is available.
• Over 80 indicators and tools for creating accurate strategies. Essential for accurate control over the instruments the trader has chosen to invest in.
• A wide range of available orders.

MT5 is available on any existing device, both desktop and mobile. Traders can download and use the version compatible with their style. The software is compatible with Windows, Mac, iOS, and Android devices.

Invest on MT5 platform

Posted by Maria Sanchez

• Maria Sanchez's Twitter Account
• Maria Sanchez's Latest Articles

Author Profile

Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.