IC Markets Minimum Deposit

IC Markets Minimum DepositThe IC Markets minimum deposit amount is $200 or its equivalent in the base currency you select from your trading account. The amount is designed keeping the industry standards in place and is one of the lowest amounts required for opening an ECN trade account.

There are ten different methods to deposit funds with IC Markets. Some of the various payment gateways are Debit and Credit Cards, Skrill, PayPal, Neteller, Bank Wire, Webmoney, Qiwi, China Union Pay, BPAY Deposit (AUS), Broker to Broker Transfer, Branch Cash Deposit (AUS) and FasaPay.

The money deposited by the traders is kept segregated by the broker with the Australian banks. There are no fees charged by the broker for deposits and withdrawals. The only fee charged can be from the payment gateway providers. Continue reading this IC Markets review to discover everything.

IC Markets Account Features

Just like most CFD and Forex brokers, traders can open a demo account with IC Markets and start trading in virtual currencies. They will trade in a no-risk environment and understand the trading platform and how things work. IC Markets offer three different types of trading platform namely True ECN, MetatTrader4 and cTrader. All of them are regarded as one of the best trading platforms in the industry.

Opening a demo account does not require much time. It takes less than 5 minutes to complete the registration process, and traders will get the demo account number and password in their mailbox. It is crucial that traders go through the website thoroughly because many traders make the mistake of opening a Live Trade account instead of the Demo account. The Demo Account notification is always on the top in small letters. So traders need to be careful while opening the demo account.

The IC Markets demo account will provide just 200 regarding virtual money. Other brokers generally offer 5,000 or 10,000 where traders can replenish the virtual cash once it’s over. Read our in-depth IC Markets review for more detail.

IC Markets Account Types

IC Markets Standard Account The broker is known for offering the cheapest ECN account in the financial market. The standard account is often compared with the Cent ECN Account provided by FXTM broker. In this age where the standard ECN account starts with a minimum of $2,000, what IC Markets is offering to its traders is worth praise. The account is wholly based on the Metatrader4 trading platform that utilises the best liquidity pool for delivering the lowest spreads for this account type.

IC Markets True ECN – In this account type, the broker crosses the magic boundary from some spreads to zero spreads. Most of the other features are similar to the standard account. People who love making a significant amount of trade should opt for this account type from IC Markets.

IC Markets cTrader ECN – If you are interested in getting the same features but don’t like Metatrader4 trading platform, then you can opt for this account type from the broker. It utilises the cTrader platform with zero spread and leverage ratio of 500:1. There are no restrictions policy and offers 2-15 indices as CFD assets.

Top10FX.net Editor

Top10FX.net Editor

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