The IC Markets standard account offers low trading costs and more than 60 forex currency pairs with competitive spreads. The account also doesn t require a minimum deposit and offers lightning-fast execution speeds. While both accounts offer low spreads, they have different features and limitations. You may want to decide on which account best suits your needs, or use both.
If you re a beginner, the IC Markets Standard Account is an ideal choice. Its low spreads can be very beneficial if you are The Red and Blue Forex Trade learning how to trade fx. It may also be the best option if you want to trade with micro lots.
IC Markets is a reputable broker with the lowest spreads in the industry. They also offer a free unlimited demo account, which is perfect for developing your trading skills or trying new strategies. The standard account does not require a minimum deposit, which makes it a good choice for beginners. It also allows you to trade through the Metatrader platform.
Withdrawal fees vary depending on the currency you use to fund your account. Withdrawals made from an international account will incur a fee of $20. IC Markets allows withdrawals by credit/debit cards, electronic wallets, or bank transfers. Withdrawals take two business days. For withdrawals from the standard account, you must be logged in to your IC Markets account and then navigate to Transfers . From there, select Withdraw Funds from the How a Professional Forex Trader Should Use Leverage menu. Then, fill out the required information.
As an NDD broker, IC Markets has the fastest execution in the industry. The company also has access to a large network of liquidity providers. Its prices come from more than 25 banks and other top providers. Moreover, the spreads start at 0 pips. Additionally, leverage is available globally. However, the amount of leverage differs depending on the IC Markets entity.
While the IC Markets standard account is less expensive than Vantage FX, it is still a good choice for traders looking for a competitive trading environment. It offers a wide range of assets - including currency pairs, indices, commodities, stocks, and cryptocurrencies. However, compared to Vantage FX, IC Markets offers a superior price structure and research-driven education.
IC Markets offers a comprehensive and advanced trading platform for both beginner and professional traders. Its cutting-edge technology ensures reliable performance. It also offers a wide range of tools and customisations for market depth analysis. The cTrader platform offers a user-friendly interface, technical indicators, advanced charting tools, Expert Advisers, and extensive back-testing options.