IC Markets Account Types: Complete Guide for Every Trader

IC Markets doesn't hand every trader the same account and call it a day. Depending on how you trade and how much you're starting with, there are several account types to choose from, each with its own mix of spreads, commissions, and minimum deposit.

Here's what actually separates them, and which one makes sense for your situation. You can also read our detailed review on IC Markets.

Standard Account

This is the simplest option on offer. There's no separate commission, the cost is built entirely into the spread, which starts from 0.8 pips. No minimum deposit is required either, so it's an easy account to open without committing much upfront.

It suits traders who'd rather not think about commission calculations and just want one number (the spread) to keep an eye on.

Raw Spread Account

This is IC Markets' most popular account, and for good reason. Spreads start from 0.0 pips, about as tight as pricing gets, with a commission of $3.50 per lot, per side ($7.00 round turn). There's no minimum deposit required to open one.

It's built with day traders, scalpers, and expert advisors in mind, essentially anyone who trades often enough that a tighter spread outweighs the commission cost. IC Markets also offers a cTrader version of this account, with a slightly different commission structure ($3.00 per $100k traded) and access to cTrader and TradingView instead of MetaTrader.

Raw Pro and Raw Pro+ Accounts

These are the newer additions to the lineup, aimed squarely at more advanced discretionary traders. Both offer spreads from 0.0 pips, but the commission and minimum deposit shift depending on which tier you're in.

Raw Pro asks for a $5,000 minimum deposit with a commission of $1.50 per lot, per side. Raw Pro+ steps things up further, requiring $100,000 to open, but drops the commission to $1.00 per lot, per side. Both come with leverage up to 1:5000, well beyond what the other account types offer.

These accounts aren't really built for someone just starting out. They make more sense once you're trading substantial volume and the lower commission actually adds up to meaningful savings.

Swap-Free Option

If you can't pay or receive interest on positions held overnight, IC Markets offers swap-free trading as an option you can apply across account types rather than a completely separate account structure. It removes the usual overnight swap charge while keeping everything else about your trading conditions the same.

Quick Comparison

So Which One Should You Pick?

If you're just getting started, Standard is the least complicated way in, since there's nothing to calculate beyond the spread itself. Once you're trading often enough that commission-based pricing starts paying off, Raw Spread is the natural next step, and it's the account most traders end up on.

Raw Pro and Raw Pro+ really only make sense once you're trading serious volume, since the minimum deposits are steep enough that the commission savings need to actually matter at your trade size. If you're not sure whether you've hit that point yet, you probably haven't.

In Short

IC Markets spreads its account types across a wide range of trading styles, from a no-minimum Standard account for beginners to Raw Pro+ for traders moving serious volume.

For most people, Raw Spread hits the right balance between pricing and simplicity, but it's worth matching the account to how you actually trade rather than just picking whichever one sounds the most advanced.

Questions People Usually Ask

Do I need a minimum deposit to open a Standard or Raw Spread account?

No, both can be opened without a minimum deposit requirement. Raw Pro and Raw Pro+ are the ones with steep entry points, at $5,000 and $100,000 respectively.

What's the real difference between Standard and Raw Spread?

Standard folds its cost into a wider spread with no separate commission. Raw Spread offers a much tighter spread but adds a per-lot commission on top. Which one's cheaper really depends on your trade frequency and size.

Can I use a swap-free setting with any account type?

Yes, swap-free is available as an option across account types rather than being locked to one specific account.

Is Raw Pro+ actually worth the $100,000 minimum?

Only if you're trading volume large enough that the lower per-lot commission meaningfully outweighs the extra capital tied up to open it. For most traders, Raw Spread or Raw Pro already covers what they need.

Which account type works with cTrader?

IC Markets offers a dedicated Raw Spread account built specifically for cTrader and TradingView, alongside the MetaTrader-based accounts.