IC Markets Standard Account – IC Markets is one of the best forex brokers from a trading fees point of view. Originating from Australia, IC Markets has been operating serving traders from all over the world, and is now registered and licensed by SCB, CySEC, FSA (Seychelles) and ASIC.
IC Markets offers 3 types of trading, one of which is the standard account. Trading conditions on this standard account are designed for beginner traders. Meanwhile, those who are more experienced can use raw spread and cTrader accounts.
What is an IC Markets Standard Account ?
IC Markets Standard refers to one of the trading account types offered by the IC Markets broker, The IC Markets standard account is designed to meet the needs of beginner traders. The spread offered by IC Markets is from 0.6 pips and the maximum leverage that can be used is 1:1000 (except Australia and Europe which is 1:30). Traders who use an IC Markets standard account can use the Metatrader 4 and Metatrader 5 trading platforms. The IC Markets MetaTrader 4 and 5 platforms are the main choice for traders in general, platforms that provide advanced features such as charting and others.
IC Markets Standard Account CommissionÂ
IC Markets offers no trading commissions on standard accounts, This is a favorable condition for traders who are new to the industry.
IC Markets Standard Account Minimum Deposit
The minimum deposit offered by IC Markets in standard account is $200, traders can make deposits with various options available. They can use methods like credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay and broker to broker transfer.
IC Markets Standard Feature
Features available on the IC Markets Standard account :
- Minimum deposit $200
- Maximum leverage 1:30 ( ASIC and CySEC ), 1:1000 (FSA and SCB )
- Spread from 0.6 pips
- No Commission
- Trading instrument Forex, Metals, CFDs, Bonds, Crypto Currency, Stocks, Future
- Margin call level 50%
- Stop out level 20%
- Hedging and scalping are allowed
- Trading platform MT4 and MT5
IC Markets Standard vs IC Markets Raw Spreads
We have written an article discussing the differences between these two types of accounts, you can read IC Markets Raw Spreads vs Standard Accounts
IC Markets TrustPilot Review
IC Markets is highly rated on consumer review site TrustPilot, we conclude that IC Markets is the ideal broker for trading in this industry. IC Markets’ TrustPilot score is 4.8 out of 5. Visit www.icmarkets.com to get more information about IC Markets broker.
