Are you a forex trader looking for a reliable broker to trade with? Look no further than IC Markets! This Australian-based broker offers competitive spreads, fast execution speeds, and a user-friendly trading platform. In this article, we’ll guide you through the process of opening an IC Markets account, step-by-step.
Why Choose IC Markets?
Before we dive into the account registration process, let’s take a closer look at why IC Markets might be the right choice for you. Here are the reasons many traders choose broker ic markets:
- Low Spreads
IC Markets offers some of the lowest spreads in the forex market. This means you’ll pay less in transaction costs, giving you more room for profit.
- Fast Execution Speeds
With IC Markets, you can execute trades in as little as 40 milliseconds. This lightning-fast speed ensures that you won’t miss out on any market opportunities.
- User-Friendly Platform
IC Markets’ trading platform is intuitive and easy to use, even for beginners. For more seasoned traders, it also provides a number of additional features.
- Regulated Broker
IC Markets is regulated by more than 1 regulatory body in the world including ASIC, FSA Seychelles and CySEC, ensuring that your funds are safe and secure.
Now that you know why IC Markets is a great choice for forex traders, let’s get into the nitty-gritty of how to open an account.
Step 1: Visit the IC Markets Website
The first step in opening an IC Markets account is to visit their website. By going directly to their website at www.icmarkets.com/global
Step 2: Click on “ Open Account ”
Once you’re on the IC Markets website, click on the “Open Account” button in the top right-hand corner of the screen.
Step 3: Fill in Your Personal Information
You must then enter your contact details, such as your name, email address, and phone number.
Step 4: Choose Your Account Type
IC Markets offers several different account types, depending on your trading preferences. See our article on ic markets account types for details on choosing the right account type for you.
Click ” Next ” after selecting the account type that best meets your needs.
Step 5: Verify Your Identity
IC Markets is a regulated broker, which means they’re required to verify your identity before you can start trading. To do this, you’ll need to upload a copy of your government-issued ID (such as a passport or driver’s license), as well as a proof of address (such as a utility bill or bank statement).
Step 6: Make a Deposit
Once your identity has been verified, you can make a deposit into your IC Markets account. The minimum deposit amount is $200.
IC Markets offers several different deposit methods, including: Credit/debit card, Bank transfer, Neteller, Skrill. Choose the deposit method that’s most convenient for you, and follow the instructions to complete the transaction.
Step 7: Start Trading!
Congratulations, you’re now ready to start trading with IC Markets! Simply log in to your account, and you’ll be taken to the trading platform.
IC Markets’ trading platform is user-friendly and intuitive, even for beginners. You’ll be able to view real-time market data, execute trades, and manage your account all from one place.
Tips for Successful Trading with IC Markets
While opening an IC Markets account is relatively straightforward, there are some tips you should keep in mind to ensure successful trading. Here are a few:
- Understand Your Risk Tolerance
Before you start trading, it’s important to understand your risk tolerance. This will help you make informed trading decisions, and avoid taking on too much risk.
- Use a Demo Account
If you’re new to forex trading, consider using IC Markets’ demo account feature. This will allow you to practice trading with virtual funds, without risking any real money.
- Keep Up-to-Date with Market News
To be a successful trader, you’ll need to stay up-to-date with the latest market news and events. This will enable you to stay competitive and make wise trading judgments.
- Use Risk Management Strategies
Finally, be sure to use risk management strategies when trading with IC Markets. This includes diversifying your portfolio, employing trailing stops, and placing stop-loss orders.
Opening an IC Markets account is a straightforward process, and can be done in just a few simple steps. By choosing IC Markets as your forex broker, you’ll benefit from low spreads, fast execution speeds, and a user-friendly trading platform.
If you’re new to forex trading, take advantage of IC Markets’ demo account feature to practice trading before risking real money. And always remember to use risk management strategies to protect your capital.