Open your IC Markets live account effortlessly with our step-by-step guide for 2024. Learn about account types, requirements, and the registration process.
IC Markets Account Opening Requirements
Opening an IC Markets live account is a straightforward and efficient process, ideal for both novice and experienced traders. Whether you're entering the forex market for the first time or looking to expand your trading options with a broker offering competitive spreads and advanced platforms, IC Markets ensures that the registration process is smooth. To successfully begin trading, there are certain IC Markets account opening requirements that need to be met, such as providing personal details, verifying your identity, and meeting the necessary financial deposit criteria.
The primary requirements for opening an IC Markets account are:
- Personal Information: Your full name, date of birth, and contact details.
- Proof of Identity: A valid government-issued ID, such as a passport or driver’s license, is required.
- Proof of Address: You’ll need to provide a utility bill or bank statement that is not older than three months.
- Financial Information: IC Markets requires details about your financial background, trading experience, and objectives.
- Minimum Deposit: You need to meet the minimum deposit, which varies depending on your chosen account type. For more information on the deposit requirements, visit the IC Markets minimum deposit page.
Ensuring that all documents are ready and accurate before starting the IC Markets account registration will significantly speed up the approval and verification process.
IC Markets Supported and Prohibited Regions
IC Markets is a globally recognized broker, but like most financial institutions, it operates under regional regulations that affect where its services are available. It’s crucial to check whether your country of residence is on the list of IC Markets supported countries before beginning the registration process. IC Markets is compliant with international regulations, ensuring a safe and legally sound environment for all clients.
Typically, IC Markets services are supported in the following regions:
- Australia
- United Kingdom
- European Union member countries
- Asia-Pacific countries
- South Africa
However, IC Markets restricts or prohibits services in certain regions due to local regulatory constraints. These prohibited regions often include:
- United States
- North Korea
- Iran
- Syria
- Sudan
IC Markets Account Types
IC Markets provides several account types designed to suit different trading styles and objectives, whether you are a beginner looking for a simple account or an experienced trader in need of advanced features. The main account options include Raw Spread, Standard, Islamic, and Demo Accounts, each offering distinct advantages tailored to various trading needs.
Here’s an overview of the key IC Markets account types:
- Raw Spread Account: This account is perfect for experienced traders looking for ultra-tight spreads, with commissions as low as $3.50 per lot per side.
- Standard Account: This account is commission-free, making it more suitable for beginner traders. The spreads are slightly wider, but no additional trading commissions apply.
- Islamic Account: A swap-free account designed for traders following Islamic financial principles.
- Demo Account: Ideal for new traders who want to practice their strategies in a risk-free environment before opening a live account. You can explore more about the features of a demo account on the IC Markets demo account page.
To learn more about each account type, visit the IC Markets account types page.
Step-by-Step Account Opening Process
Opening an IC Markets live account involves a few straightforward steps, ensuring that the process is smooth and efficient. Below is a step-by-step guide to help you open an IC Markets account and start trading in 2024.
- Create IC Markets Account: Navigate to the IC Markets website and click the "Open Account" button. You’ll be asked to fill out basic personal information such as your name, email address, and phone number.
- Choose Your Account Type: Select from the available account types (Raw Spread, Standard, or Islamic) depending on your trading preferences.
- Complete the Registration: Provide additional information such as your financial background, trading experience, and preferred trading instruments.
- Verify Your Identity: Upload your identification documents for verification, including a government-issued ID and a recent utility bill or bank statement as proof of address.
- Deposit Funds: Make a minimum deposit to activate your account. Different account types require different minimum deposit amounts. For more details on deposit requirements, refer to the IC Markets minimum deposit page.
- Start Trading: Once your account is verified and funded, you can log in and begin trading using the IC Markets platform.
By following these steps, you can efficiently open an IC Markets live account and start trading in no time.
How to Close an IC Markets Account
If you ever decide to stop trading with IC Markets, you can close your IC Markets account easily by following these steps. Whether you want to permanently delete your account or temporarily deactivate it, IC Markets ensures a straightforward account closure process.
- Log In: First, access your IC Markets live account by logging into the IC Markets platform.
- Access Account Settings: Navigate to your account settings, where you can manage your preferences.
- Request Account Closure: Select the option to close your account. IC Markets may ask you to provide a reason for your decision.
- Confirm Your Request: Follow the on-screen instructions to finalize your account closure.
- Withdraw Remaining Funds: Make sure all funds are withdrawn from your account before it is officially closed. For details on how to withdraw your remaining balance, visit the IC Markets withdrawals page.
- Final Confirmation: You will receive a confirmation once your request is processed and your account is closed.
If you face any difficulties while attempting to delete your IC Markets account, their customer support team is readily available to assist you.
FAQs
How long does it take to open an IC Markets live account?
The account opening process usually takes between 24 to 48 hours, depending on how quickly you submit the required verification documents. For faster processing, ensure that your documents are clear and meet IC Markets' requirements.
What is the minimum deposit to open an IC Markets account?
The minimum deposit required varies by account type. For the most accurate information, visit the IC Markets minimum deposit page.
Are there any fees associated with IC Markets accounts?
IC Markets offers a transparent fee structure. While there are no hidden fees for account opening, you may incur fees for trading activities, deposits, and withdrawals. For detailed fee information, visit the IC Markets fees page.
Published by:
Jaxon Maddox