Frequently Asked Questions


icmarketsIC Markets is a well-known broker where you can trade in a safe and secure environment with powerful trading platforms. Before you start trading, learn everything about the demo account and live account on the broker.




icmarkets overview
IC Markets Website


  • Minimum Deposit: 200$
  • Maximum Leverage: 1:500 (T&C Apply)
  • Tradable Assets: Forex, Indices, Commodities, Stocks, Bonds, Cryptos, Futures
  • Regulated by FSA (Financial Services Authority), ASIC & CySec
  • Demo Account: Yes

Note: Your capital is at risk


IC Markets registration requirements

According to the FSA anti-money laundering and countering the Financing of Terrorism Act 2020, IC Markets needs to verify an individual’s identity before opening a trading account. The broker is required to collect 100 points or more of an ID. Every form of primary ID holds 70 points and every form of secondary ID holds 30 points.


Photo ID (primary) - 70 points per document

IC Markets accepts the following forms of photo identification:

  1. A valid Government ID, such as a State ID or a driver’s license.
  2. A valid national identity card
  3. A valid passport


Keep in mind that your full name and date of birth must be on the photo ID. If the photo ID is certified or notarized, it adds 30 points.


Proof of residence (secondary) - 30 points per document

The acceptable forms of proof of residence are:

  1. Birth certificate
  2. Certificate of citizenship
  3. Bank or credit card statement
  4. Government-issued tax document
  5. A utility bill (electricity, gas, phone)


Note that all proofs of residence must be current. They must not be outdated by more than 90 days. Moreover, they must show the full document, display the name and address clearly, as well as a provision of services like money owed or paid.

IC Markets must be able to understand the language on the photo ID and proof of residence. If the documents are provided in other languages than English, then they should be accompanied by an English translation.


IC Markets demo registration

Trading on IC Markets demo account before you go live can be very beneficial because you can test your strategies and gain experience without the risk of losing your money. To open a demo account on IC Markets, you have to visit the website and click on the “Try a free demo” option. After that, a form opens that you have to fill with your personal details such as country, name, email, and phone number, and click on “Register”. Afterwards, you can proceed to trading account configuration. The demo account does not require a minimum deposit as the trades are executed using virtual money.

icmarkets register


IC Markets sign up to live account

You can sign up for a live account on IC Markets with PayPal, Facebook, or Google. To sign up, you have to:

  1. Click on the “Start trading” option on the homepage of IC Markets.
  2. Then, fill personal details and click “Next”.
  3. Similarly, complete the processes of telling the broker more about yourself, trading account configuration, and declaration.
  4. Finally, fund your account to start trading.


icmarkets register step



Trading Advantages with IC Markets

The pros of trading on IC Markets include:

  1. You can trade forex on the broker for a low fee.
  2. The broker offers a selection of sophisticated trading platforms.
  3. The users can deposit and withdraw money from their account at free of cost.
  4. IC Markets offers safe, secure, and regulated trading.
  5. Various educational resources are available for users to learn.



Supported Trading Platforms

IC Markets provides the traders with the options of trading by using either the cTrader, MetaTrader 4, or MetaTrader 5 platforms. The provision of the platforms forms part of IC Market’s provision of an ECN trading environment.

All of these trading platforms offer powerful trading features and they are compatible with automated trading. The functions and features on each platform are designed to cater to every trader’s requirements.

The trading platforms of IC Markets can be downloaded on desktop computers and mobile devices. However, traders can also access them through the web directly. Therefore, it offers easy accessibility. Traders can access trading platforms from anywhere in the world.

Useful tools on these trading platforms include Depth of Market (DOM), ladder trading, in-built and incorporated spread monitoring, the ability to set the opening and closing positions automatically, and more.

These trading platforms offer fast and reliable execution of a trade, and they are also designed to carry out large numbers of orders at any time. IC Markets also uses ZuluTrade. It is a social trading platform where traders can choose from a long list of professional traders to follow their trading signals at free of cost.

IC Markets also offers flexible and easy to use multi-account management system tools named MAM and PAMM. Traders can also go for FIX API which is specifically used by traders who trade high volumes.

The broker has a substantial offering when it concerns trading platforms. It is one of the many reasons why IC Markets is better than the rest in the market. The trading platforms make sure to cater to all needs of the traders based on their skill level.



1. What is the minimum deposit for IC Markets?

The minimum deposit for IC Markets is $200.

2. Is IC Markets a good broker?

IC Markets offers safe and regulated trading with powerful tools on a variety of trading platforms. So, it can definitely be considered a decent broker.

3. Does IC Markets give bonus?

No, IC Markets does not give a bonus.

4. Does IC Markets accept South African clients?

Yes, IC Markets accepts South African clients.


For more please read IC Markets Review

Note: Your capital is at risk


Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.