In IC Markets, The Most Frequently Asked Questions (FAQs)

Here are some of the most typical questions a trader could ask us or consider asking before creating an account with us.

Simply enter your inquiry below or contact our live chat service for additional information on useful resources linked to IC Markets and the goods we sell.

What sorts of accounts do IC Markets provide？

IC Markets offers two kinds of accounts: standard and our market-leading raw spread account.

Account for Raw Spread: This account displays the raw inter-bank spread obtained from our liquidity sources. A fee of $7 is charged for each normal lot round turn.

Standard Account: We do not charge a fee on Standard accounts; instead, a mark-up of 1 pip over the raw Inter-bank rate obtained from our liquidity providers is applied.

Our Account Overview page has further information about the many kinds of trading accounts accessible.

What are the trading costs and commissions with IC Markets？

IC Markets offers two MetaTrader account types: a Standard account and The Raw Spread account, which is the market leader. On Standard accounts, IC Markets does not charge a fee but instead adds a spread markup of 1 pip over the Raw inter-bank prices obtained from our liquidity providers. The raw inter-bank spread obtained from our liquidity providers is shown in the IC Markets Raw Spread account. We charge $7 per normal lot round turn on this account.

The following are the commission rates for various base currency accounts:

What is the bare minimum for opening a trading account？

Clients may start an account with IC Markets with as little as $200 or currency equivalent.

What are your trade terms？

Our objective is to provide traders with the lowest spreads and quickest executions possible across over 285 Forex products such as Forex, precious metals, equities, futures, and other commodities. We have substantially invested in technology and developed solid partnerships with some of the market's biggest and most dependable price suppliers.

We also highly advise you to read our Account Terms carefully before electing to trade with us to understand the associated expenses, risks, and obligations.

Learn more about WikiFX Expert Advisors and how they may assist you with your trading journey.

Is IC Markets a Market Maker or an ECN/STP broker？

This is one of the most common inquiries. The tough thing of comprehending the concepts of ECN and STP is that they have been interpreted differently by various individuals. Forex brokers employ three primary business models, which vary in how transactions are processed and orders are executed: ECN, STP, and Market Makers.

ECN: ECN is an abbreviation for 'Electronic Communication Network,' and it is just a technical word used to explain how banks and liquidity providers link to generate a bid and offer price. It may be used to identify suppliers in the Forex sector who employ this sort of pricing mechanism to deliver raw interbank pricing to retail traders. Your broker will broadcast raw prices in this manner, and your transactions will be offset with another customer, a liquidity provider, or kept internally by the broker. Typically, this leads to speedier transaction execution. This differs from order execution, which may result in an offsetting order being issued with a liquidity source.

STP: This acronym refers to 'Straight Through Processing,' and it is used when a Forex and CFD provider processes all transactions at market prices acquired from a liquidity source, which the broker simply passes on. This is similar to the ECN pricing model in that the price is not changed and there is no dealing desk involvement while the transaction is conducted; hence, it is referred to as STP.

The items offered by IC Markets are issued by the company. We believe ourselves to be a forex supplier that offers the ECN pricing model since we receive our pricing from various external liquidity sources, and these rates are passed on to you with no dealing desk influence. We do not offset every position with our liquidity providers to give you greater pricing certainty and faster execution speed. We do this to improve your overall trading experience.

How can I establish an IC Markets live trading account？

It is easy to create an account. Complete your application form by clicking the Open a Live Account link.

Once our accounts staff has validated your online application form, you will be sent your trading account login information and password.

Can I open more than one trading account with IC Markets？

You may open several trading accounts with IC Markets. You may establish a new trading account using your Client Area.

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