IC Markets Account Types: Standard, Raw, Pro and the Trader Fit
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IC Markets Account Types: Standard, Raw, Pro and the Trader Fit
By Ken Chigbo, Founder, KenMacro. 18-plus years across London trading floors and institutional FX. Audit framework runs daily inside the MACRO MASTERY desk.
Affiliate disclosure: KenMacro earns a commission if you open an account with IC Markets through links on this page, at no cost to you. The editorial verdict is independent of that commission and based on the desk’s institutional broker-audit framework.
The tier-by-tier breakdown
| Account | Minimum deposit | EUR/USD spread | Commission | Best for |
|---|---|---|---|---|
| Standard | $200 | 1.0 to 1.2 pips EUR/USD | zero | spread-only, casual traders |
| Raw Spread MT4 / MT5 | $200 | 0.0 to 0.1 pips raw EUR/USD | $7 round-turn | active traders on MetaTrader |
| cTrader | $200 | 0.0 to 0.1 pips raw EUR/USD | $6 round-turn | Level II depth, cTrader Algo automation |
Standard versus Raw, the cost crossover
Standard tiers price the all-in cost into the spread, no commission charged. Raw tiers compress the spread but add a per-round-turn commission line. The crossover point sits where the raw-tier commission converted to pip-equivalent equals the standard-tier spread mark-up. For most broker structures, that point sits around 20 to 30 round-turns per month on EUR/USD.
Below the crossover, the standard tier is the simpler choice and often cheaper. Above the crossover, the raw tier compresses the all-in cost and the commission saving compounds. The desk’s framing: pick the tier that matches the next 12 months of trading frequency, not the marketing copy on the broker’s site.
The professional tier
Professional tiers at IC Markets carry a materially higher minimum deposit floor in exchange for tighter commission per round-turn. The discount only compounds at high volume, so the professional tier is best suited to traders running multi-strategy books or high-frequency systems that justify the floor on cost grounds alone.
Swap-free Islamic accounts
Swap-free arrangements at IC Markets vary by entity. Refer to the broker’s published swap schedule for the exact arrangement on the entity you onboard under.
The honest tier-fit read
No FCA UK entity. UK clients onboard via CySEC or FSA Seychelles, which sits below the FSCS floor. For the active scalping and cTrader-native archetype, IC Markets’s tier structure is part of why the desk added the broker to the partner stack.
Capital at risk. CFD and margin trading carry significant risk of loss. Past performance does not guarantee future results.
FAQ
What account types does IC Markets offer?
Standard (minimum $200), Raw Spread MT4 / MT5 (minimum $200), cTrader (minimum $200)
Which IC Markets account is best for beginners?
The Standard or entry-level tier. Lower minimum deposit, spread-only pricing (no commission), simpler all-in cost picture. The desk’s framing: the standard tier is the right call until trading frequency justifies the raw tier on cost grounds.
When should I move to the Raw or Pro tier at IC Markets?
Once trading frequency is high enough that the commission-versus-spread crossover favours the raw tier. As a rough rule, that is around 20 to 30 round-turns per month on EUR/USD for the typical raw-tier commission structure. Below that frequency, the standard tier is the simpler choice.
Does IC Markets offer a swap-free Islamic account?
Swap-free options vary by entity at IC Markets. Refer to the broker’s published swap schedule per instrument and entity for the exact arrangement.
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