What Account Types and Fees Does IC Markets Global Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners to intermediate traders |
No commissions, competitive spreads starting from 0.08 pips |
Easy access for those new to trading, suitable for practicing strategies |
| Professional Account |
Experienced traders |
Lower spreads (from 0.0 pips), higher leverage up to 1:1000 |
Requires trading volume qualifications, suitable for high-frequency trading |
| Corporate Account |
Corporate clients |
Customized trading solutions and services |
Requires corporate documentation and higher capital |
| Islamic Account |
Traders requiring halal trading conditions |
Swap-free trading options available |
Must comply with Islamic finance principles |
| Demo Account |
All types of traders |
Practice trading without risk, same features as live accounts |
Unlimited demo accounts can be opened |
Account Opening Process
To open an account with IC Markets Global, you will need to follow a straightforward process. First, submit your personal information, including your name, email address, and phone number. Next, provide details about your employment and financial situation to help assess your trading experience and risk profile. After that, you must verify your identity by uploading documents such as an ID and proof of address. This step ensures the security and legitimacy of your account. It is worth noting that you can upgrade your account from a retail to a professional account later if you meet the necessary trading volume requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for popular pairs |
| CFDs (Indices) |
0.5 |
$3.0 |
Spreads vary by index |
| CFDs (Commodities) |
1.0 |
$3.0 |
Includes metals and energy products |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
IC Markets Global implements various costs that traders should be aware of. Deposits and withdrawals can incur fees depending on the method used, though many options are free. There is an inactivity fee applied to accounts that have been dormant for a specified period. Additionally, overnight interest, known as swap rates, may be applicable depending on the positions held. Currency conversion fees may also apply when trading in different base currencies.
