IC Markets Demo Account offers a free advanced demo trading account for beginner traders to practice on. The Demo account expires in 30 days. The interface is user-friendly, and intuitive and is an exact carbon copy of the live trading dashboard.
Min Deposit USD 200 Regulators ASIC, CySEC, FSA, SCB Trading Platform MT4, MT5, WebTrader Crypto Yes Total Pairs 61 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
IC Markets Demo Account – 8 key points quick overview:
- ☑️IC Markets at a Glance
- ☑️What is an IC Markets Demo Account?
- ☑️IC Markets Demo Account Features
- ☑️How to Set up an IC Markets Demo Account
- ☑️Customers Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
IC Markets at a Glance
| 🔎Broker | IC Markets |
| Company Information | |
| 📅Year Founded | 2007 |
| 🧑🏻💻Amount of staff | Over 200 |
| 👩💻Amount of active traders | Over 180,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
| 🌎Country of regulation | Australia, Cyprus, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes, through regulatory bodies |
| Account Types and Features | |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD |
| 💰Minimum Deposit | $200 / 3607 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-2 business days |
| 🪙Fund Withdrawal Fee | None for most methods |
| 📊Spreads from | 0.0 pips on Raw Spread accounts |
| 💸Commissions | $3.50 per lot per side on Raw Spread accounts |
| 💱Number of base currencies supported | 10 |
| 🚀Swap Fees | Applicable |
| 📈Leverage | Up to 500:1 |
| 📏Margin requirements | Variable based on asset and leverage |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Average 40 milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 2300 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| 💵Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, others |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets WebTrader |
| 👩💻OS Compatibility | Web-based (All major browsers), Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Autochartist, Trading Central, ZuluTrade, Myfxbook, Advanced charting tools |
| Customer Support | |
| 🗣️Live chat availability | Yes |
| 📱Customer Support email address | support@icmarkets.com |
| 📞Customer Support Contact Number | +61 2 8014 4280 |
| 👾Social media Platforms | Facebook, Twitter, LinkedIn, YouTube |
| 🗣️Languages supported on Website | English, Chinese, Spanish, Italian, French, more |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Video tutorials, Articles, Webinars, Market analysis |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Not publicly disclosed |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | No |
| 🪙Rebate program | Yes |
| 👉Open Account | 👉 Open Account |
What is an IC Markets Demo Account?
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A Forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
IC Markets Demo Account Features
The demo account from IC Markets will allow traders to practice the trade features of the MetaTrader 4 platform within the context of the broker’s unique trading conditions. As such, demo account users will have access to the following features:
- Raw Pricing
- Fast Order Execution
- No Restrictions on Trading
- Spreads from 0.0 Pips
- Flexible Lot Sizing
However, it is important for users to remember that although demo accounts attempt to replicate real markets, they operate in a simulated market environment.
As such, there are key differences that distinguish them from real accounts; including but not limited to, the lack of dependence on real-time market liquidity, a delay in pricing, and the availability of some products which may not be tradable on live accounts.
How to set up an IC Markets Demo Account
Step 1 – Select to “Try Demo Account”
Once ready to start trading, make your way to the website and select the Demo Account option.
Step 2 – Complete information
Navigate to the demo account registration portal on the broker’s website. Provide your personal details in the online registration form. This will include your first and last name, country of residence, email address, and telephone number.
3. Step 3 – Verification
Security verification to be completed
Upon submitting this document, your registration will be checked and confirmed. After this, you can configure your account details to finalize the demo account
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Customer Reviews
🥇 Delighted!
I used the chat facility to contact IC Markets customer care at 7 a.m. one morning. I was pleasantly delighted to be instantly connected with a skilled agent. They answered my question and pointed me to several useful tools on their website, improving my overall experience. – Olivia Meyer
🥈 Best Broker!
As an experienced trader, I believe IC Markets is the best, well-rounded broker in the industry. Whatever my favorite trading instruments are, I can always rely on them to be available. The variety of alternatives is astounding. It’s the same with trading tactics; regardless of my approach, IC Markets has an account and trading platform that precisely meets my needs. – Caleb Botha
🥉 Great Support.
I recently ran into issues while attempting to fund my sample account and balance with the broker. Fortunately, I contacted their customer service, and they answered quickly. After explaining my situation, the support crew immediately sorted it, and I received the additional required funds. – Hannah Viljoen
Pros and Cons
| ✅ Pros | ❌ Cons |
| Easy demo registration process | Demo account expires after 30 days of inactivity |
Conclusion
IC Markets offers a free advanced demo trading account for beginner traders to practice on. The Demo account expires in 30 days. The interface is user-friendly, intuitive and is an exact carbon copy of the live trading dashboard.
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Frequently Asked Questions
Can traders from South Africa open a demo account with IC Markets?
Yes, traders residing in South Africa are allowed to open an IC Markets demo account.
Is IC Markets a good broker option for beginner traders?
IC Markets are considered by some to be quite a challenge for novice traders and more suited to investors looking to run automated trading strategies on the MetaTrader and cTrader platforms.
For how long is the IC Markets demo account valid?
While the demo account is valid indefinitely, the account will expire after 30 days of inactivity.
Which live trading accounts does IC Markets offer?
IC Markets offers two types of accounts, Standard account, and the broker’s market-leading, Raw Spread account.
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