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IC Markets offers 3 different types of trading accounts: MT4 Standard, MT4 True ECN, and cTrader ECN accounts. Below, Mytour will help you understand the different trading account options on IC Markets as well as detailed information about each account type.
Exploring the Array of Trading Account Options on IC Markets
All account types link traders with liquidity providers, bypassing traditional intermediaries. The sole difference between these accounts lies in the trading fees: commission or spread.
Essentially, here are the similarities among the accounts:
- Connecting traders with liquidity providers, bypassing traditional intermediaries.
- Level II pricing - Market depth.
- One-click trading.
- Ultra-fast order matching.
- No dealing desk, no trading restrictions, and no intermediaries.
- 100% STP rate for ECN and liquidity providers.
- Scalping trading.
- Maximum leverage of 500:1.
- Micro Lot trading, 0.01 lot per trade.
MT4 Standard Account
IC Markets MetaTrader 4 Standard account ensures lightning-fast order execution, spreads starting from 1 pip, suitable for all traders. IC Markets Rebate of 0.3 pip is deducted from the spread. Lower spreads mean higher profits for users.
- Spread rebate starting from 0.7 pip. Average spread on EUR/USD pair is 0.9 pip 24/5.
- Trading assets include 60 different currency pairs, metals, and 17 CFD contracts, including FTSE 100 and Dow Jones Index.
- Minimum deposit requirement to open an account is 200 USD.
- Servers are located in New York data center at Equinix building.
MT4 True ECN Account
True ECN account offers the lowest possible spreads. Average spread on EUR/USD pair is 0.1 pip. IC Markets MetaTrader 4 True ECN platform is the perfect choice for day traders and scalpers. IC Markets Rebate of 1.50 USD is deducted from the commission fee. Customers benefit from lower commission rates.
- Enjoy spreads starting from 0.0 pip. The average spread on the EUR/USD pair is 0.1 pip 24/5.
- Get a commission rebate of 5.50 USD per lot traded.
- Access a wide range of trading assets including 60 currency pairs, metals, and 17 CFD contracts such as FTSE 100 and Dow Jones Index.
- Open an account with a minimum deposit of 200 USD.
- Servers are located in the New York data center at the Equinix building.
cTrader ECN Account
IC Markets cTrader stands as the leading ECN trading platform in the forex market today. Designed to operate in a genuine ECN environment, cTrader boasts no minimum spread and typically fluctuates around -0.3 pip for the EUR/USD pair during European and North American trading sessions. IC Markets Rebate is deducted from the commission fee of 0.25 USD. Benefit from lower commission rates.
- Experience spreads starting from -0.3 pip. The average spread on the EUR/USD pair is 0.1 pip 24/5.
- Enjoy a commission rebate of 2.75 USD per side on each 100,000 USD traded.
- Access a variety of trading assets including 60 currency pairs and metals.
- Open an account with a minimum deposit of 1,000 USD.
- Servers are located in the New York data center at the Equinix building.
Here, Mytour introduces you to the various trading account types on IC Markets. If you're interested in or researching Binomo, readers can refer to the article Reviewing the Transparency of Binomo on Mytour.
