It is actually very easy to open an IC Markets account. The key is to make sure all the documents are available. For further guidance, here's the full tutorial that you can follow.
Both new traders and professionals must be familiar with IC Markets. This broker has been a household name for many years and for good reasons. It is mostly known as an Australian brokerage offering CFD trading services and raw spread accounts. If you are worried about their reliability, fear not, because this broker is under ASIC regulations. On top of that, this broker gives you more options when it comes to different trading account conditions.
In order to enjoy all the features IC Markets provide, you should open an IC Markets account. Luckily, the process is very simple.
1. Go to IC Markets Website
The first step to open an IC Markets account is to head over to their official website. Once you head there, you will see two buttons. If you want to open a new account, click on the top button. The one that says 'Start Trading'. This will redirect you to a new account creation page.
2. Fill in Your Personal Information
In the next step, you will see a form to fill such as the one below. Don't worry, this is a pretty basic step of any brokerage. You only need to write down your full name, country, email, and phone number. Make sure that the phone number and email are valid because they will be used later for verifications.
3. Complete the Profile
Next, you need to fill out some more forms regarding your profile. This step is to configure your trading account, especially currency, leverage, and other basic parameters. This is very important as it will set your preferred trading account conditions. You will also need to answer some simple questions regarding your trading behavior and knowledge.
4. Choose Trading Platforms
IC Markets comes with 3 trading platform options: cTrader, MetaTrader 4, and MetaTrader 5. In this step, you must figure out which one to choose before moving on to the next step. Remember that each trading platform has different conditions. Simply choose the one that you are comfortable with, then pick the account type, base currency, as well as leverage.
5. Upload the Required Documents
One one the most important steps you can't miss when opening an IC Markets account is to upload related documents. This step is not as complicated as it sounds as everything can be done from your online device. The key is to prepare all the documents beforehand. The documents you need are the following:
- 1 x ID document such as a passport or driver's license
- 1 x residence document. This can be a bank statement, utility bill, or another document that proves your address. It must be within 90 days old.
You can upload the required documents via the upload button as shown in the picture below. Make sure your documents are clear in order to avoid any problems.
6. Wait for Verification
Once the documents are uploaded, your trading account is almost complete. Now, you only need to activate the trading accounts. It usually takes a while before the documents are confirmed by the team.
In the meantime, you can fund your IC Markets accounts while waiting for approval. There are different ways to fund your trading account including PayPal, credit/debit card, bank wire, and many more. Once your verification is complete, you can begin trading with your IC Markets live account with no limited access.
Bottom Line
There are a lot of reasons why you should consider opening an IC Markets account. First, IC Markets offers low latency executions in a true ECN environment. They also come with different kinds of trading accounts suitable for various types of traders. For example, their standard account is good if you are looking for discretionary trading. Meanwhile, their MetaTrader raw spread accounts are great if you want to use Expert Advisors and scalping. On top of that, IC Markets has a super simple account creation process. The steps above prove just how easy it is to open an account in IC Markets.
IC Markets is a raw spread brokerage that puts all clients' funds in segregated trust accounts supported by well-known Australian banks such as Westpac and NAB. On top of that, IC Markets offers various trading instruments like Forex, Indices, Bonds, Crypto, and many more.
38 Comments
Jan 4 2023
Hello, I want to ask about the requirement, did the Forex trading has minimum age? I mean I dont have any ID's yet because of my age, and I eagrly want to start Forex earlier. Can I have at least demo account, first? And about residence document itself, can we use our parent's residence?
Jan 4 2023
Jan 4 2023
Can we change the trading platform after the registration? Sometime it will feel very difficult to use one trading platform and want to try another trading platform. I mean for the example MT4 to MT5 and after that cTrader. And is it possible to migrate from another account, for example standard to ECN account?
Jan 4 2023
Jan 4 2023
Dude, you also can't change demo account's trading platform and the type of the account too! It is because different account, different segregate account I think and also different server. With this, I think your account can be more secured. All brokers is same, cant change anything after the registration
Jan 24 2023
Dude, I have a problem with IC Markets. So I signed up for a new account for Raw Spread Account. I also deposited at least $200. However, after trying to trade, I found that I can't scalp it! I'm trying to verify my account, but unfortunately I chose the wrong account.
My question is, is it possible to switch accounts or open a new account without registering? If this is not possible, can I send money from my standard account to Raw Spread? Thank you!
Feb 13 2023
How long does the verification process take? I feel like I have been waiting forever for my account to be verified. During this time I could have opened several positions doing other stuff. I swear it took way longer than I expected.
Feb 27 2023
Felicia Martha: IC Markets is one of the leading Forex brokers that offer an easy-to-use trading platform and lots of features to help traders achieve their goals. This broker has an excellent reputation among traders and offers very competitive spreads, as well as a fast and stable trading platform. If you intend to start trading Forex, I think the IC market could be a broker worth considering for trading.
while some brokers provide complicated terms, as far as I know, IC Markets is a broker that is quite responsive for account opening and verification. as a trader, I don't like trading platforms that provide complicated verification requirements with lots of data that I have to prepare.
As far as I know, Account verification usually takes a few minutes to a few hours in some cases, not even a day. If you experience a long verification process, try to check first whether the document you submitted is valid or not. The problem is sometimes the documents we upload are sometimes unclear and a bit blurry. This little thing can also affect account verification.
have you tried checking your e-mail? in the incoming email and spam, try to check again carefully. If you have not heard back from the IC market account verification team regarding the current status of your account application via email, we advise you to visit our live chat support or email this broker to share the grievances you are currently experiencing.
Feb 27 2023
I have been interested in this broker for a long time. I like the offers provided by this broker. And also opening an account with this broker is not very difficult, very easy.
However, there are a few things I'd like to ask. I am actually also interested in Copy trading. By using the social trading platform, investors and financial market beginners can imitate traders from successful traders from around the world. The trader makes all trading decisions, while the investor, after subscribing, receives trading signals from them, which are copied to the trading account automatically or manually.
What I want to ask is, does this broker also provide a Copy Trading platform for its customers? if anyone knows help answer yes guys...
Feb 27 2023
Sweety: IC market offers 2 copy trading services for social traders, education for IC Markets is known to offer the best service for active traders, providing them with some of the lowest commissions on the market and excellent quality of order execution. The broker also features great opportunities for passive income.
copy trading is a service that can automatically copy trading positions that have been made by expert traders. The way it works is by linking the account that is owned with the account of the expert trader in question.
IC Markets is a broker in its category that does not have a proprietary copy trading platform, which is why the broker has partnered with top social trading platform providers ZuluTrade and MyFxBook Autotrade. By partnering with ZuluTrade and MyFxBook Autotrade, IC Markets can offer to show you how to find signal providers, copy trades, as well as discuss key trading conditions.
It's quite easy to start copying trades from ZuluTrade and MyFxBook Autotrade to your IC Markets account. After you have decided on a signal provider, you must subscribe by pressing Follow in the profile. Once you have subscribed, Trader's trades will be copied to your IC Markets account for a predetermined amount.
However, the conditions for trading with ZuluTrade are not that good. In particular, only standard account types with an average spread of 1 point are available for copy trading. And the difference is the increase, which is 1.5 points. Therefore, the average exchange rate for EURUSD is 2.5 points, and it can be even higher for other trading pairs.
Mar 28 2023
@Sweety:
Yes, IC Markets does offer a copy trading platform for its customers. If I remembered correctly, the plugin/app is called Myfxbook AutoTrade, which is a social trading platform that allows traders to copy the trades of other traders.
Myfxbook AutoTrade is a third-party platform that has been integrated with IC Markets, allowing IC Markets customers to easily access and use the platform. To use the Myfxbook AutoTrade platform with IC Markets, you will need to open an account with Myfxbook and then link your IC Markets account to the platform.
Once you have linked your IC Markets account to Myfxbook AutoTrade, you can browse and from a range of signal providers (or master traders) to copy their trades. The platform also provides various tools and features to help you manage your copied trades and monitor the performance of the signal providers.
Overall, Myfxbook AutoTrade is a convenient and user-friendly copy trading platform that can be a useful tool for traders who want to follow and copy the trades of successful traders.
But be warned, not all signal providers are equally profitable, some of them might window dress their portofolio, marking up their losses in favor of gaining new investors. In my opinion, it's safer to choose investors with stable (slow and steady) performances and trades only with lower risk instruments (like major pairs only)
Feb 27 2023
I want to try trading in a forex broker, but I'm confused about which broker is right for me. I think I will try to open an account at this IC Markets broker. opening an account with IC Markets is very easy and the process of opening an account is hassle-free, hassle-free and completely digital when compared to other brokers.
Fortunately, you only need to upload two types of documents: photo identification (KTP, international passport or driver's license) and proof of residency (utility bill or bank statement). The work is also quite fast, namely 24 hours.
while some brokers provide complicated terms, as far as I know IC Markets is a broker that is quite responsive for account opening and verification. as a trader, I don't like trading platforms that provide complicated verification requirements with lots of data that I have to prepare. I am thinking of joining this broker and opening a demo account here. I haven't dared to try trading yet because I don't have enough experience.
Feb 27 2023
IC Market verification step is very simple. I mean other brokers sometimes want global traders to upload additional documents like notarized documents, rental agreements, mortgage statements and even notarized driver's licenses just to prove that your identity and address are real.
IC Markets offers two types of live accounts and one demo account, however, each type of live account requires a minimum deposit of 200 USD. for novice traders, deposit amount is too high. This is according to my perspective as a novice trader.
Even though there is no fee to deposit this broker, yes, for traders with limited funds, the deposit amount at this broker is quite high. although there are some brokers that do not apply a sufficiently low minimum deposit amount to open an account, such as AvaTrade, XM and other funds.
Feb 27 2023
Actually, I'm still new to the world of trading and yes, I rarely hear about brokers that provide trading instruments and platforms. You must have known FBS and OctaFx which always appear in several advertisements on chrome and YouTube. As for the IC Markets broker, to be honest I have never heard of this broker.
And yes, I just found out in this article, and yes, what is discussed here is related to deposits and withdrawals. As already explained, this broker has only been established since 2007, but I cannot judge for sure whether this broker is good and safe. Please friends, please explain, is the IC Markets broker safe for my trading and funds? Is my personal data also safe here? If anyone knows, can you please explain...
Feb 27 2023
Ostland: As far as I know this broker has been licensed by the FSA, one of the world's leading regulators, which does not allow any form of money laundering.
In accordance with the FSA's Anti-Money Laundering and Counter-Terrorism Financial Act, IC Markets Global has policies and procedures in place to ensure compliance with the law. These policies and procedures are designed to prevent money laundering activities from occurring. IC Markets' Global Anti-Money Laundering Policy outlines the documents you must provide us before opening an account.
In the success of this Anti-Money Laundering or AML program, IC Markets applies KYC measures to each of its members to reduce any risks that could endanger the security of your trading processes such as hacking or other forms of fraud. Apart from being a fast and easy process, KYC is not only profitable for brokers, but KYC is also very beneficial for clients at this broker, because it can protect us all from an incident or things that might harm us someday.
Feb 27 2023
Jonathan: I agree with your opinion that the Ic Markets broker is safe for trading and all your personal data is guaranteed to be safe with this broker. IC Markets has been overseen by ASIC (license number 335692) since 2009 as well as trusted Australian banks such as Westpac and NAB to hold client funds segregated. In the event of bankruptcy, the client's funds are still safe because IC Markets has professional indemnity insurance through Lloyds of London.
next thing you need to do is fulfill the blessing requirements which need to be uploaded for the verification stage. Furthermore, you only need to wait a maximum of 24 hours for the verification process to be carried out by the broker. If successful, you'll get an email! And don't forget to also activate the push notification feature on your cellphone so that IC Markets can contact you if something unexpected happens.
Global traders are protected by the FSA regulator, so you don't have to worry about money laundering. I believe your funds are guaranteed in this broker. Raw Trading Ltd, IC Markets Global, is authorized by the Seychelles Financial Services Authority as a Security Dealer for the provision of financial services under License NO SD018.
Feb 27 2023
IC Markets prides itself on being the best and biggest ECN broker. This broker is ASIC supervised and offers platforms such as MetaTrader4, MetaTrader5, and cTrader. IC Markets is highly recommended for beginners as well as experienced traders who want faster execution and small spread charges.
For novice traders, IC Market's account structure is very attractive and easy to understand and they really understand that customer retention can be achieved through the implementation of low spread rates, availability of the latest trading technology, fast trade execution, and high-quality customer service.
IC Markets posts market analysis on their blog, so registered clients with an account can access Trading Central's analysis. Trading Central is a tool for those studying technical analysis or who want to get a neutral opinion on their trades.
IC Markets works with many equity providers to provide its clients with the best trading conditions and lowest spreads. The latest technology developed in-house is also available to provide the best trading conditions and more control over the trades made by clients.
IC Markets has servers in London and New York, enabling fast and low latency trade execution, so slippage occurs less frequently and trading results also tend to be better.
Mar 28 2023
In my experience, I tried trading at several different brokers. For opening an account at IC Market, I think this broker is pretty good with technology that makes registration more instant.
Apart from that, I also like the deposit and withdrawal system offered by this broker, because the processing time is not too long and in my opinion, it is almost the same as other brokers. However, it is not uncommon for brokers to offer long withdrawals of up to 7 days or more. withdrawals that are quickly processed make traders feel safer with their money.
Usually I make withdrawals using the international bank transfer method because I am more comfortable with this method. At this IC market broker, is there a fee for withdrawing funds using the international bank transfer method? Please if anyone can explain because as far as I know, this broker does not charge any fees for deposits and withdrawals...
Mar 28 2023
Lachina: In accordance with the explanation in this article and the explanation directly on the website, this IC Market Broker does not charge any fees for deposits and withdrawals, even though the method used for withdrawals is via an international bank transfer. the recommended funding by this broker is 200 USD. However, these costs come from additional costs from third parties such as:
In fact, apart from IC Market, there are many brokers that do not offer deposit and withdrawal fees, so when choosing a broker, you are sure that the features, services and instruments offered are good. The only thing we can do is find the lowest possible cost.
Mar 28 2023
In accordance with the explanation in this article and the explanation directly on the website, this IC Market Broker does not charge any fees for deposits and withdrawals, even though the method used for withdrawals is via an international bank transfer. the recommended funding by this broker is 200 USD. However, these costs come from additional costs from third parties such as:
In fact, apart from IC Market, there are many brokers that do not offer deposit and withdrawal fees, so when choosing a broker, you are sure that the features, services and instruments offered are good. The only thing we can do is find the lowest possible cost.
Mar 28 2023
When I found out that this article was about IC Markets, I was immediately interested in the topic. Even though I haven't tried trading for real, I often read articles about brokers and also tried trading with me on demos at IC Markets.
Actually, when I tried this broker's demo account, I was immediately impressed with its features and services. For novice traders IC Markets account structure is very attractive and easy to understand and they know very well that customer retention can be achieved through implementing low spread rates, availability of the latest trading technology, fast trade execution and high quality customer service. .
I'm actually still comfortable trying a demo account at this broker. The IC Markets demo account will not expire unless you are inactive for 30 days. This demo account gives you initial capital, but if I spend it, I can contact customer service to get the balance back. IC Markets offers the best support to help you get started.
after reading this article I wanted to try real trading at IC Market. I'm still confused, maybe because this is my first deposit to try real trading. I'm still afraid that my funds won't go into my account, even though I've put my trust in this broker.
Can any of you briefly describe deposits with debit or credit cards? How do I add my credit/debit card? please shorten it, guys, for fear of confusion... When depositing in this way, are there any fees charged by this broker?
Mar 28 2023
Raghnaid:
The deposit option with Credit and Debit Cards is one of the deposit options that can be used for funding on the IC market. Actually, this broker has many funding options, but the most popular among traders are Credit and Debit Cards. If you wish to make a deposit via credit or debit card, for security reasons, we require a copy of the card. The card must be in your own name and not past its expiration date.
Once the card is approved, you can make instant deposits at any time. IC Markets does not charge any additional fees for deposits or withdrawals. However, please note that you may incur payment fees to and from the international banks involved. IC Markets does not bear or be liable for such bank fees.
Mar 28 2023
I have been interested in this broker for a long time. I like what this broker has to offer. Moreover, opening an account with this broker is not very difficult and very easy.
What surprised me after reading my friend's comments on this article is that this broker also offers cryptocurrency instruments. We were even more impressed with this broker as very few brokers offer full crypto trading.
Despite the high volatility, it is not a bad idea to trade with this single broker, as cryptocurrency trading can be profitable too. However, I want to ask you a few questions. Actually, I am also interested in copy trading. By using the social trading platform, investors and newcomers to the financial markets can emulate traders from successful traders around the world. Traders make all trading decisions while investors receive trading signals which are copied automatically or manually to their trading account after registration.
What I want to ask is, does this broker also offer a copy trading platform to its clients? If anyone knows, please answer guys...
Mar 28 2023
Rebecca: In addition, we offer two copy trading services for social traders. IC Markets Education is known for providing excellent service to active traders, offering the lowest commissions on the market and superior quality of order execution. The broker also offers great passive income opportunities.
Copy trading is a service that allows you to automatically copy trading positions made by experienced traders. The way it works is by linking your account to the account of the veteran trader in question.
IC Markets is one such broker in this category that does not have its own copy trading platform. That is why the broker has partnered with leading social trading platform providers ZuluTrade and MyFxBook Autotrade. Through our partnership with ZuluTrade and MyFxBook Autotrade, IC Markets can show you how to find signal providers, copy trades and discuss key trading conditions.
Copying trades from ZuluTrade and MyFxBook Autotrade to your IC Markets account is very easy. Once you have decided on a signal provider, you must subscribe by clicking Follow on their profile. Once you have registered, your Trader's trades will be copied to your IC Markets account for a pre-set amount.
However, the trading conditions at ZuluTrade are not that great. In particular, only standard account types with an average spread of 1 pip can be used for copy trading. And the difference is an increase of 1.5 pips. Therefore, the average exchange rate for EURUSD is 2.5 pips and it can be higher for other trading pairs.
Mar 28 2023
Wow, I didn't expect this broker to be good. After reading this article, I was very surprised by the requirements to verify my account with this broker. It's very simple and easy and doesn't require a lot of paperwork.
After doing more research on this broker, I found that IC Markets offers unlimited and free demo accounts for traders. In your personal area you can open another demo account if you wish. The demo account is a cryptocurrency account. very
Simulate real money transactions 1:1. Recommended for use by trading beginners before starting with real money. Demo accounts are also a great way to practice new strategies and markets.
Excellent trading service, fast account opening and wide range of instruments. All features and services are very good and compete with other brokers. However, is this broker safe in terms of trading safety and funds? What do you think is most important in a transaction, meaningless if every feature or service is good, but security is not guaranteed.
Friends, if anyone understands IC Markets security and regulators, please help explain...
Mar 28 2023
Cumming: Regulation by official authorities is very important for online trading. The license gives the broker a trustworthy relationship with the customer. In order to obtain the license, IC Markets must comply with certain rules and conditions. Violation of these terms will result in the immediate loss of the license. Therefore fraud on the customer can be excluded here.
The broker makes a very serious impression and I trust the safety of this broker. Trade with peace of mind knowing that IC Markets is overseen by some of the most stringent regulatory bodies in the world. When funding your trading account, your funds are held in segregated client accounts with top banking institutions. IC Markets Global complies with the Securities and Exchange (Business Conduct) Act and maintains strict policies and procedures regarding the maintenance and operation of these accounts.
Mar 28 2023
I can't verify my account at IC Markets. Can you provide a step-by-step guide for the verification process? What documents should I submit for verification and what are the requirements for each document? How long does it usually take to verify my account? And what if the document is rejected In addition, we are concerned about the security of personal and financial information during the verification process. What steps does IC Markets take to protect my data and how can I ensure the security of my information? What advice do you have for people who have trouble doing this? please can you help me guys...
Mar 28 2023
I think the accounts offered by IC market here are quite varied. As a new trader, I am very comfortable with this account choice, but I still don't have the perspective to choose between the three accounts. due to my own lack of experience in trading and what I know so far is the IC market which caught my attention because as already explained, the spread offered by this account is quite low in my opinion compared to some other brokers.
So the problem is if I want to open an account at IC Market, which account has the lowest spread and is suitable for beginners like me? because I'm still new in this trading.
Mar 28 2023
Diego: hello Guys, don't worry too much, because IC Markets has so far provided the best service for traders, including beginners. As you know, the accounts that are matched by this account are quite varied, yes, and all of them, I said, offer the same low spreads. Well, this is usually what makes beginners confused about which of the standard, Raw spread, and cTrader accounts is right for you.
I
IC Markets' EURUSD average spread of 0.1 pip is the best in the world
other benefits that you can get are Average execution speed below 40 milliseconds, low-latency optical fiber cross-connected to, and free low-latency co-location VPS available.
Mar 28 2023
Gyu: i agree with you too. So far, beginners with little trading experience can easily use Raw Spread accounts. Besides low spreads starting from 0.1 pip, the commission is only $3.5 per lot, one of the best from IC Markets. This is an offer. Why? Standard fees are usually around $7 per lot, so I found the fees quite low for the price IC Markets Raw Spread Account with liquidity from 25 banks and non-bank liquidity sources is perfect for day traders, scalpers and expert advisors. You can also choose which Meta Trader 4 or 5 platform to use before deciding on your trading account. These two platforms are the top choice of active day traders and scalpers around the world.
Mar 28 2023
Diego: In my opinion, the standard account is suitable for beginners who are looking for low spreads. Also, compared to other accounts, the spreads offered are higher, but there are only commas here and there. On standard accounts, spreads start at 0.6 pips instead of a maximum of 1. Also note that no transaction fees are charged on these standard accounts. Spreads are calculated from 1.0 pips, so this account is suitable for those who rarely trade or have limited funds. Leverage for this account is 500:1 by default. You can also open an account in one of the 10 base currencies (USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD).
Mar 28 2023
Culloden: Thanks for all the advice and recommendations. Of all the explanations you gave, it was very easy and wise for me to accept. Yes, we are talking about costs. There are regular fees and swaps and spreads to avoid. I always recommend IC Markets. Each has its own advantages in my opinion. The Raw Spread account is a popular IC Markets account with relatively low spreads close to zero, but there is still a fee to be borne by the trader. Here for the standard account they don't offer commission to clients but the spreads offered i.e. raw spreads are very high so you may need to compare both accounts more when choosing I can't. Thanks, I compared these two accounts first...
Apr 15 2023
What types of accounts are available at IC Markets, and how do I choose the best one for me? IC Markets offers three types of accounts: Raw Spread, Standard, and Islamic. The Raw Spread account has the lowest spreads and is best for scalpers and high-volume traders. The Standard account has no commissions and is suitable for traders who prefer higher leverage. The Islamic account is swap-free and compliant with Sharia law for Muslim traders. When choosing an account type, consider your trading style, trading volume, and personal preferences.
Apr 15 2023
What documents are required to open an account with IC Markets, and how long does the account verification process take? To open an account with IC Markets, you will need to provide a government-issued ID (such as a passport or driver's license) and a proof of address (such as a utility bill or bank statement). If you plan to fund your account via credit/debit card, you will also need to provide a copy of the card. The account verification process usually takes 1-2 business days, but may take longer if additional documentation is required or if there is a high volume of account applications.
Jun 28 2023
I have question here, If a user makes a deposit before completing the verification process with IC Markets, what happens if their verification fails? Will their deposited funds be refunded, and what are the steps they should take to resolve the issue? Additionally, how long does the verification process typically take, and are there any precautions or recommendations to ensure a smooth verification experience and avoid potentials or complications?
Jun 29 2023
@Anna: As I Know, If a user makes a deposit before completing the verification process with IC Markets, their deposited funds will typically remain in their trading account. However, the user may face restrictions on certain activities until the verification process is successfully completed.
If the user's verification fails, IC Markets will generally inform the user about the issue and provide instructions on how to resolve it. The user may be required to provide additional documentation or information to meet the verification requirements. It's important to follow the instructions given by IC Markets and promptly address any issues raised during the verification process.
The timeline for the verification process can vary depending on several factors, including the volume of applications and the completeness of the submitted documents. Typically, the process can take a few business days, but it's always advisable to check with IC Markets directly for more accurate information.
Nov 27 2023
Hey, I've got my eyes on opening an account with IC Markets, and I've heard there's this KYC process in the mix. It seems like I'll be needing to dish out some personal info and get a few documents ready for the ride. Now, to make sure I'm all set and can smoothly sail through the process without any hiccups, I'm curious about the specific documents that IC Markets requires for account opening. I want to get everything squared away from the get-go.
And let's talk time. Since I've heard the verification can take a few days, I want to know the nitty-gritty. How long does IC Markets typically take to verify an account? I'm eager to get started but also want to be prepared for the wait. Any insights you can share on this?
Nov 29 2023
Hey there! To open an account with IC Markets, you'll typically need to go through the Know Your Customer (KYC) process, which involves providing some personal information and submitting specific documents. Here's a general rundown of the documents commonly required:
Proof of Identity (POI): This could be your passport, national ID, or driver's license. Make sure it's a clear and valid copy.
Proof of Address (POA): Utility bills, bank statements, or official government documents that display your current address usually work. Ensure the document is recent and in your name.
Proof of Financial Situation: This might include bank statements, tax returns, or payslips. The aim is to demonstrate your financial capacity.
Now, regarding the time it takes for account verification, it can vary. Generally, it's a good idea to submit all required documents accurately and promptly to expedite the process. Verification timelines can range from a few hours to a couple of days, depending on the broker's workload and the completeness of your submission. Hope the information can help!