ICMarkets is one of the exchanges with an extremely large number of registered users worldwide. To suit each audience, the exchange currently has different account types. Among them, ICMarkets Live receives the most attention. So what exactly is this account? How to register? Let’s find out details about Learn Forex Trading in this article.
What is an ICMarkets live account?
To know the difference between live and demo accounts on ICMarkets. Traders can refer to the information below.
The difference between ICMarkets demo and live
ICMarkets demo is considered a simulation of a Live account. What you do in the demo will be completely different when trading on a live account. Specifically:
- Demo accounts will use virtual money to make transactions. Meanwhile, Live accounts will make transactions with real money.
- The money you win in a trading session with a Live account is real money. Therefore, you can withdraw to your account at any time. Meanwhile, demo accounts will not be able to withdraw money.
- Financial risks: You will face financial risks when trading with an ICMarkets Live account. Meanwhile, demo accounts will not encounter this problem.
- Trading performance: Demo accounts will not show the same trading performance as Live accounts. For example, ICMarkets live accounts have limits on leverage and order size. Meanwhile, the demo account will allow you to trade with high-leverage orders.
- Market feedback: When trading with a Demo account, you will see that the market will respond faster and more easily than with a live account. But when trading in the real market, there will be many factors that influence your trading decisions.
Types of live accounts on ICMarkets
Currently, there are 3 main account types. Include:
- Raw Spread accounts on the MT4/MT5 platform: The average spread for the EUR/USD currency pair is 0.1 pip, and a small commission is 3.5 USD/per lot. This account has the ability to match orders super fast, spreads from 0.0 pip, with no limits on fast transactions.
- ICMarkets account on cTrader platform: Commission fee is 3 USD/lot, spreads start from 0 pipi.
- Standard account: No commission fee, but the spread fee will be higher than the above two accounts.
Compare ICMarkets live account types
To better understand the 3 live accounts on ICMarkets, investors can refer to the information table below:
| Criteria | cTrader account | Raw Spread Account | Standard account |
| Trading platform | cTrader | MetaTrader | MetaTrader |
| Commission (on the lot) | $3.0 | $3.5 | $0.0 |
| Spread from (pips) | 0.0 | 0.0 | 0.6 |
| Start depositing (USD) | $200 | $200 | $200 |
| Lever | 1,500 | 1,500 | 1,500 |
| Server location | London | New York | New York |
| Currency pairs | sixty-one | sixty-one | sixty-one |
| Stop out level | 50% | 50% | 50% |
Basically, all three types of accounts do not have too much difference. The biggest difference is the commission fee and the spread fee. Therefore, depending on each trading purpose and strategy, traders will choose the appropriate account type. Specifically:
- cTrader – Raw Spread Account: Suitable for intraday investors and often has fast trading strategies.
- Raw Spread Account (MT4/MT5): Suitable for Traders who make fast trades and fast Robots.
- Standard account: Suitable for traders who make transactions based on each situation.
>>>See more: ICMarkets register on your phone is the fastest
Why should you open a live account on ICMarkets?
Live accounts bring many benefits to investors. Among them, there are 3 biggest benefits to mention:
Practical experience using ICMarkets live account
When trading with an ICMarkets Live account, users will be able to directly trade with many types of assets, currency pairs, commodities, etc. Traders will have a true feel for the market, fluctuations, and changes. influence on price.
Earn real profits
All transactions on Live accounts will use real money in the trader’s account to execute. Therefore, if your order wins, you will receive extremely attractive real profits.
Practice understanding the market
ICMarkets live accounts allow users to access a real trading environment under real conditions. This is a good opportunity for investors to practice capturing the market. At the same time, apply knowledge and strategies. From there, investors will make the most beneficial decisions.
Instructions on how to open an ICMarkets live account
Opening a live account at ICMarkets is very simple. Here are the steps to create an ICMarkets account:
- Step 1: Traders can download the ICMarkets App or access the official website of ICMarkets: https://www.icmarkets.com
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- Step 2: Select START TRADING to open an account.
- Step 3: Fill in the account opening information. Includes: Full name, middle name (First name), first name (Name), Email, Country you live in, phone number (Phone). Then select “Next”.
- Step 4: Provide personal information. Including: Select account type, date/month/year of birth, and address. Don’t forget to check the box “I was referred by an Introducing Broker”. Then, enter the referral code ” 16187 ” and select Next.
- Step 5: Select the account you want to trade, the trading currency and select NEXT.
- Step 6: Provide security questions and accept the terms offered by the system. You should choose the question as the suggestion system. Then, give a simple answer that’s easy to remember. Below are the terms that ICMarkets Live offers. Traders should read through and check the box “I have read agree with all ….” to agree to the above terms.
- Step 7: Confirm SUBMIT to complete ICMarkets live account registration.
Conclude
Just now is a summary of information related to the ICMarkets live account. It can be seen that live accounts bring many benefits to investors. Besides, the registration method is also very simple and anyone can do it. After understanding and successfully opening an account, if you are wondering about the IC Markets withdrawal time issue, remember to follow Learn Forex Trading’s next sharing post!
>>>See more: ICMarkets: A leading trading platform for the financial markets
Some frequently asked questions about Live accounts at ICMarkets
Below are a few questions related to live accounts and how to open an ICMarkets live account. Investors can refer to this for better understanding.
Is there a fee for ICMarkets’ live account?
The answer is NO. Traders will not pay any fees when opening ICMarkets account types. Besides, there are also detailed instructions, and simple implementation in a few steps.
Can investors trade with multiple IC Markets live accounts?
The answer is yes. You can open many different IC Markets Live accounts to trade at the same time.
Should I register for a demo account before registering for a Live account?
The answer is yes. The Demo account will help new investors get acquainted with the interface. At the same time, get familiar with how to read charts and place orders. After understanding the trading platform, investors can start registering for a live account.
