Question: What's the minimum deposit amount of ICMarkets?
IC Markets Global has carved a niche for itself in the competitive Forex trading landscape.
The broker offers a Raw Pricing model and boasts a broad product portfolio accessible across all account types.
Whether you are new to trading or an experienced trader, IC Markets Global provides the flexibility to select your desired trading platform and pricing model to jumpstart your trading activities.
Account Types and Features at IC Markets Global
IC Markets Global presents various account types, each tailored to meet the diverse needs of the trading community:
- Raw Spread Account for cTrader and MetaTrader Platforms:
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- Platforms Available: cTrader, TradingView, MetaTrader
- Commission: $3.0 per $100,000 traded on cTrader, $3.5 per side per lot on MetaTrader
- Spreads: As low as 0.0 pips
- Standard Account:
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- Platform: MetaTrader
- Commission: Zero commission
- Spreads: Starting from 0.8 pips
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The Distinctiveness of IC Markets Global Raw Spread Account
The Raw Spread account from IC Markets Global stands out due to its exceptionally low spreads.
The average EUR/USD spread is notably tight at 0.1 pips, with a minimal commission of $3.50 per lot per side.
This account is ideal for day traders, scalpers, and users of expert advisors.
The significant advantages of trading on IC Markets Global include:
- Deep Liquidity and Aggregated Prices: Prices are aggregated from up to 25 institutional-grade sources.
- Optimal Server Location: Servers for MetaTrader 4 and 5 are strategically located in the Equinix NY4 data center in New York, minimizing latency.
Minimum Deposit Requirement
The approachability of IC Markets Global is evident from its minimum deposit requirement, which is set at a reasonable $200 for all types of accounts.
This minimal deposit requirement makes IC Markets Global accessible to a wider audience of traders, who can start trading with a relatively low initial investment.
Why the $200 Minimum Deposit?
The $200 minimum deposit serves several purposes:
- Accessibility: It allows more individuals to access forex trading without a significant initial investment.
- Risk Management: It provides traders the ability to manage risk effectively, starting small and increasing exposure as they gain more experience.
- Diversity in Trading Strategies: The low entry barrier enables traders to experiment with different trading strategies without committing a large amount of capital.
IC Markets Global’s minimum deposit requirement is designed to make Forex trading accessible to a broader audience while providing a robust trading environment with competitive spreads and low commissions.
Whether you are starting your trading journey or looking to switch to a platform that offers professional trading conditions, IC Markets Global accommodates all with its strategic account options and affordable entry threshold.