IC Account Types

 IC Account Types consist of 5 different account types. cTraders Raw Account, Standard Account, Raw Account, Raw Pro and Raw Pro+ together with Demo accounts and Islamic account options. The minimum deposit amount starts at $0 / R 0 ZAR. Floating pips from 0 pip and maximum leverage 1:500.  

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

Start Trading Read Review

Which IC account type is best for South African traders?

The best IC account depends on how you trade. The Standard account may suit beginners because it charges no separate trading commission and includes the broker’s fee in the spread. The Raw Spread MetaTrader account is generally better suited to scalpers, algorithmic traders and active traders who prefer spreads from 0.0 pips with a separate commission.

South Africans who use cTrader or TradingView can choose the cTrader Raw Spread account, while Raw Pro and Raw Pro+ are designed for higher-volume traders with minimum deposits of $5,000 and $100,000 respectively.

Rank	Broker	Broker Review	Regulators	Minimum Deposit	Visit Broker
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	$100	Visit Now
🥈		Read Review	FSCA, FCA, DFSA, FSA, CMA	$0	Visit Now
🥉		Read Review	CySEC, IFSC, DFSA, FCA	$5	Visit Now
4		Read Review	ASIC, CySEC, FSA, SCB	$0	Visit Now
5		Read Review	FSA, FSCA	$250	Visit Now
6		Read Review	FSA, FSC, FSCA, ASIC, CMA	$20	Visit Now
7		Read Review	CBCS, FSA, FSCA, CMA	$10	Visit Now
8		Read Review	ASIC, CySEC, FSCA, FSA, FSC, CMA	$100	Visit Now
9		Read Review	CySEC, MWALI, FSCA	$25	Visit Now
10		Read Review	FSA, CySEC, FSCA, FSC	$10	Visit Now

What is the minimum deposit for IC accounts in South Africa?

IC currently lists a $0 minimum deposit for its Standard, Raw Spread MetaTrader and cTrader Raw Spread accounts. The Raw Pro account requires $5000, while Raw Pro+ requires $100,000. A payment provider may still impose its own minimum transaction amount when a South African trader funds an account.

South African clients using the global IC website generally contract with Raw Trading Ltd, which is regulated by the Seychelles FSA under licence SD018 rather than by South Africa’s FSCA.

IC Account Types  - key points, quick overview:

1. Overview
2. IC Trust Score
3. IC Account Types and Features
4. How to open an IC Account step-by-step
5. IC at a Glance
6. IC Customer Reviews
7. Pros and Cons
8. Conclusion
9. Frequently Asked Questions

Overview

• Ultra-Fast Execution & Deep Liquidity: IC provides lightning-fast trade execution and institutional-grade liquidity, making it ideal for scalping, high-frequency trading, and EA users, especially valuable for precision-driven South African traders.
• Advanced, Flexible Platforms: Offer MetaTrader 4, MetaTrader 5, and cTrader, fully equipped with powerful charting, automation tools, and multi-device compatibility, designed to support all trading styles and experience levels.
• Raw Spreads from 0.0 Pips with No Hidden Fees: Traders benefit from highly competitive pricing, transparent fee structures, and spreads starting at 0.0 pips, allowing cost-efficient trading without compromise.

Why do more traders choose IC?

Traders consistently choose IC because it offers an exceptionally seamless and professional trading experience. Its ultra-tight raw spreads, often starting at 0.0 pips, combined with lightning-fast order execution, appeal to scalpers and algorithmic traders. The broker’s No Dealing Desk (NDD) model ensures transparency and fairness, with no requotes or price manipulation.

IC Trust Score

IC Account Types and Features

cTrader Account

• The cTrader Account caters to traders who favor trading on an Electronic Communication Network (ECN).
• This account grants scalpers and day traders full access to market depth, empowering them with more competitive spreads.
• The platform's advanced charting capabilities, level II pricing, and prompt order execution make the renowned cTrader stand out.

Raw Spread Account

• Traders prefer tight spreads, and a commission-based structure usually opts for the Raw Spread Account.
• This account is ideal for high-volume traders because of its direct liquidity from top-tier financial institutions.
• The MetaTrader platforms support this type of account, offering flexibility to users.

Standard Account

• The Standard Account is a commonly used account type that does not charge any trade commission but has slightly larger spreads than the Raw Spread Account.
• Traders with smaller volumes who prefer a basic cost structure often choose this option.
• This account can be accessed through MetaTrader platforms, which provide various trading instruments and tools.

Demo Account

• South African traders can benefit from the IC trial account, which offers a low-risk and practical platform to learn about Forex and CFD trading.
• This simulated environment mirrors live market conditions with actual prices while giving users the option of virtual funds for practice.
• The demo is ideal for individuals new to trading who want to develop their techniques or seasoned experts looking towards improved strategy-building options on MetaTrader 4, MetaTrader 5, or cTrader - each complete with its analytical tools, indicators, and charts.

Islamic Account

• The Islamic Account is designed for South African traders who adhere to Islamic finance principles.
• This account type complies with Sharia law, which limits interest accumulation and avoids swaps on overnight positions.
• It is intended to allow Muslim traders to engage in forex trading without jeopardizing their religious beliefs.

Professional Account

• The Professional Account at IC is designed to fulfill the needs of professional traders in South Africa who meet certain criteria.
• This specialized account type offers several benefits to improve the trading experience for those with a firm financial market foundation.
• Professional clients in South Africa have access to greater leverage than regular clients, giving them greater trading potential.

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

Start Trading Read Review

What account types does IC offer?

IC offers three account types: Standard, Raw Spread (cTrader), and Raw Spread (MetaTrader). Raw accounts have ultra-low spreads and commissions, while the Standard account is commission-free with slightly wider spreads.  

Does IC support Islamic accounts?

Yes, IC offers Swap-Free Islamic accounts for Muslim traders. These accounts follow Shariah principles and remove overnight interest, available on both Standard and Raw accounts upon request and approval.  

How to open an IC Account step-by-step

Step 1: Go to the "Start Trading"

• Begin by going to the IC website. Go to the "Start Trading" section to begin the account creation procedure.

Step 2: Fill out the Form

• Once on the registration page, carefully fill out the form with your current and accurate contact information.

Step 3: Tell us more about yourself

• Select the type of trading account that best suits your trading tastes and ambitions.
• After selecting your desired account type, you must authenticate your identity. You will be required to submit certain documents to comply with regulatory requirements.
• This usually entails presenting a clear photo ID, such as a passport or driver's license, and confirmation of residency.

Step 4: The verification process begins

• The verification process begins when you have provided the required papers.
• The specialist team at IC will review your application, which normally takes around a day.
• During this time, they will verify the legitimacy of the submitted documents and ensure that you meet the eligibility requirements for the chosen account type.
• After successful verification, you will be notified that your application has been accepted.
• You can now fund your trading account with the desired amount.
• IC accepts various payment methods, including bank transfers, credit/debit cards, and e-wallets.
• Select the best way for you to begin your deposit.  You can now begin trading in the financial markets with your trading account fully funded and ready to go.

Step 3: Tell us more about yourself

• Select the type of trading account that best suits your trading tastes and ambitions.
• After selecting your desired account type, you must authenticate your identification. You will be required to submit certain documents to comply with regulatory requirements.
• This usually entails presenting a clear photo ID, such as a passport or driver's license, and confirmation of residency.

Step 4: The verification process begins

• The verification process begins when you have provided the required papers.
• The specialist team at IC will review your application, which normally takes around a day.
• During this time, they will verify the legitimacy of the submitted documents and ensure that you meet the eligibility requirements for the chosen account type.
• After successful verification, you will be notified that your application has been accepted.
• You can now fund your trading account with the desired amount.
• IC accepts various payment methods, including bank transfers, credit/debit cards, and e-wallets.
• Select the best way for you to begin your deposit.  You can now begin trading in the financial markets with your trading account fully funded and ready to go.

How to Close an Account

To close a live trading account with IC, South African traders can follow these steps:

• Contact IC customer care team to begin the account cancellation procedure. You can contact them via email, phone, or live chat. Ensure you provide them with your account information and convey your wish to discontinue your account.
• IC may provide explicit account deactivation instructions on its website or through its customer care agents. You should thoroughly read its website or contact customer service for account closing instructions.
• While IC does not provide a direct option for permanent account deletion, you can hide trade accounts within the Client Area. It.
• Before closing your account, ensure you've withdrawn any remaining funds from your trading account. Follow the withdrawal instructions to transfer your balance to your preferred payment method.
• After you have completed the relevant requirements, IC should confirm the closure of your account. This confirmation proves your account was successfully closed and must be kept for your records and future reference.

IC at a Glance

IC Customer Reviews

• Trusted for Transparency & Low Costs: Traders consistently praise IC for its ultra-tight spreads, clear fee structure, and fair pricing, making it a top choice for cost-conscious and professional traders alike.
• Reliable Performance & Platform Variety: Users appreciate the broker’s fast trade execution and robust access to platforms like MetaTrader 4/5 and cTrader, offering stability even during high-volatility periods.

Customers Ratings

🌐 Platform	📝 Feedback Summary	⭐ Rating
	Generally positive feedback users appreciate competitive spreads, fast execution, and reliable customer support.	⭐⭐⭐⭐⭐
	Mixed reviews many users commend the broker's services and support, while some report issues with fund withdrawals and account closures.	⭐⭐⭐☆☆
	Predominantly negative reviews users report concerns about withdrawal issues and customer service responsiveness.	⭐☆☆☆☆
	Generally positive users highlight the platform's user-friendly interface and efficient customer support.	⭐⭐⭐⭐⭐
	IC is generally positive, with many users praising the broker's competitive spreads, reliable trading platforms, and excellent customer support.	⭐⭐⭐⭐⭐
	Highly positive reviews users praise the broker's reliability, competitive spreads, and prompt customer service.	⭐⭐⭐⭐⭐

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

Start Trading Read Review

Pros and Cons

You might also like:

IC Review

IC Demo Account – Step by Step

IC Fees and Spreads

IC Minimum Deposit

IC Sign up Bonus

Frequently Asked Questions

What account types does IC offer?

IC offers three main account types: Standard, Raw Spread (cTrader), and Raw Spread (MetaTrader). Each account is designed for different trading styles, with varying spreads, commissions, and platform compatibility to suit beginners, scalpers, and professional traders.  

What is the difference between Standard and Raw Spread accounts?

The Standard account has no commission but slightly higher spreads, while Raw Spread accounts offer ultra-low spreads starting from 0.0 pips with a fixed commission per trade. Raw accounts are preferred by scalpers and high-frequency traders seeking tighter pricing.  

Which IC account is best for beginners?

The Standard account is generally best for beginners because it has no commission fees and a simpler cost structure. New traders can focus on learning without worrying about calculating commissions, while still accessing competitive spreads and reliable execution speeds.  

What is the minimum deposit for IC accounts?

IC typically requires a minimum deposit of around $0 to open a live trading account. This amount provides sufficient margin for trading and helps ensure traders can manage positions effectively while maintaining proper risk management practices.  

Do IC account types support MT4 and MT5?

Yes, IC supports both MetaTrader 4 and MetaTrader 5 platforms. The Raw Spread and Standard accounts are available on MT4 and MT5, while cTrader accounts are specifically designed for traders who prefer advanced order execution features.  

Are spreads different across IC account types?

Yes, spreads vary depending on the account type. Standard accounts have slightly wider spreads with no commission, while Raw Spread accounts offer tighter spreads close to zero, combined with a commission fee per trade for transparent pricing.  

Can I switch between IC account types?

Yes, traders can open multiple accounts under one profile and switch between them. However, you cannot directly convert one account type into another; instead, you must create a new account and transfer funds if needed.  

Which IC account is best for scalping?

Raw Spread accounts are ideal for scalping due to their low spreads and fast execution speeds. The combination of tight pricing and low latency makes them suitable for high-frequency strategies that depend on small price movements.  

Do IC accounts charge commissions?

Only Raw Spread accounts charge commissions, typically a fixed fee per lot traded. The Standard account does not charge commissions but includes costs within the spread, giving traders flexibility to choose a pricing model that suits their strategy.  

Are IC accounts suitable for professional traders?

Yes, IC accounts are suitable for professional traders due to their low spreads, deep liquidity, and fast execution. Raw Spread accounts, in particular, provide institutional-grade pricing, making them ideal for advanced strategies and high-volume trading.  

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