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IC Markets accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are IC Markets's accounts with that in mind.
Regulation: ASIC (AFSL 335692); CySEC (362/18); Seychelles FSA (SD018); Bahamas SCB (SIA-F214); Kenya CMA (Licence 123). How IC Markets is regulated
Facts last checked . Read the full IC Markets review.
Accounts
- Minimum deposit
- $200
- Account types
- Standard, Raw Spread, cTrader Raw Spread, Islamic/Swap-Free
- Account currencies
- USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD
- Islamic account
- Yes
- Demo account
- Yes, expires after 30 days of inactivity
- Professional account
- Yes, subject to professional/wholesale-client qualification under applicable entity
- Minimum trade size
- 0.01 lots
- Time to open
- Usually minutes to a few hours
What this means
IC Markets runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about IC Markets accounts
Which base currencies does IC Markets support?
IC Markets accounts can be held in USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at IC Markets?
The minimum deposit at IC Markets is $200. It can differ by account type and by the entity you register with.
What account types does IC Markets offer?
IC Markets offers 4 account types: Standard, Raw Spread, cTrader Raw Spread, Islamic/Swap-Free.
Accounts at brokers under the same regulator
- Eightcap accounts also licensed by ASIC
- Admirals accounts also licensed by ASIC
- Plus500 accounts also licensed by ASIC
- FP Markets accounts also licensed by ASIC
- Pepperstone accounts also licensed by ASIC