Frequently Asked Questions

IC Markets Minimum Deposit and Deposit Methods - All You Need to Know

icmarketsFounded in 2007, IC Markets is an international broker based out of Sydney, Australia and regulated by the Australian Securities and Investments Commission, the Seychelles Financial Services Authority (FSA) and the Cyprus Securities and Exchange Commission (CySEC). The broker offers services and features that cater to beginner and professional traders alike. It is a go to broker for traders who love high volume trading, scalping or algorithmic trading. This is possible through their New York Equinix NY4 data centre, which processes over 500,000 trades per day. Additionally, IC markets offers additional trading features such as social trading through myfxbook and Zulutrade.


icmarkets overview
IC Markets Website


  • Minimum Deposit: 200$
  • Maximum Leverage: 1:500 (T&C Apply)
  • Tradable Assets: Forex, Indices, Commodities, Stocks, Bonds, Cryptos, Futures
  • Regulated by FSA (Financial Services Authority), ASIC & CySec
  • Demo Account: Yes

Note: Your capital is at risk



Tradable Instruments at IC Markets

IC markets offers its users a chance to trade more than 236 financial instruments. This includes FOREX ECN, futures and CFDS in 60 pairs such as EUR/USD, AUD/NZD, CHF, JPY, USD/THB and others. IC Markets also offers 19 commodities, 5 bonds. 17 indices and 120 stocks for trading. For fans of cryptocurrencies, IC markets has also included trading in 10 cryptocurrencies, including pairs such as XRP/USD, BTC/USD and ETH/USD (Ripple, Bitcoin and Ethereum).


How to open an account for IC Markets?

The whole process of opening an account at IC Markets is streamlined. Users are required to fill in a form and start trading. They just require the user’s real name and a valid phone number. The broker then asks for the user’s information about their identity. Because of ASIC regulations, the forex broker will verify their identity and account before they allow the user to trade with real money.


IC Markets Account Types

IC Markets offers three main core account options: Standard Account (MetaTrader), Raw Spread(cTrader) and Raw Spread (MetaTrader). For Raw spread accounts, spreads start from 0 pips with additional commission payable. Standard Accounts offers users commission free trading with spreads starting from 0 pips. IC markets also offers Islamic swap-free accounts and demo trading accounts.


IC Markets Demo Account

For traders to test their platform before using real money, IC markets offers an unlimited and free demo account. This can be accessed from the personal area, where different demo accounts can be opened. Each demo account is funded with virtual money and allows trading simulation with real money as accurately as possible. The demo account provides a sturdy platform for users to implemented new tried and tested strategies and markets before they actually risk their own money in a live market environment.


IC Markets Standard Account

The standard account from IC Markets offers quick execution and includes data from Equinix NY4 servers in New York. It is a standard Meta Trader account which works with both MT4 and MT5. It provides one of the best environments for scalping and high frequency trading. This will allow you to place orders between the spread as there is a freeze level of 0.There is no restrictions on trade sizes as it allows users to place small trades including in micro lots (0.01).

The IC Markets Standard Account minimum deposit is $200.


IC Markets Raw Spread Account

The Raw Spread Account from IC Markets offers some of lowest possible spreads available. For instance, the average spread for EUR/USD in this account is 0.1 pips. A small commission of $3.50 per lot is chargeable. This account is ideal for scalpers and day traders as well as those who run expert advisors.

The spreads for this account start from 0.0 pips on MT4 and MT5 platforms, with an average on 0.1 pips on EUR/USD, which is one of the tightest average EUR/USD spreads available globally. You can trade 64 forex pairs and 15 major indices (inclusive of FTSE 100, S&P/ASX 200 and Dow Jones Index).

The IC Markets Raw Spread Account minimum deposit is $200.


IC Markets Raw Spread (cTrader)

The Raw spread account for cTrader which is a leading trading platform offers some of the tightest spreads n existence. It does not have any minimum spread.

The IC Markets Raw Spread (cTrader) is $200.


IC Markets True ECN Account

The IC Markets is a commission-based account used with MetaTrader 4. It offers an average spread of 0.1 pips for forex trading. With this account, users get the spreads directly from the market. However, they must be pay a commission of $3.5 per traded lot.

The IC Markets True ECN minimum deposit is $200.


IC Markets deposit methods

IC Markets offer smooth methods for depositing and payouts. A total of fifteen methods are available on the platform, including Bitcoin and PayPal. If the account is verified, payouts are made within 24 hours. IC markets does not require any fees for deposits and withdrawals. A bank transfer fee, however, might be applicable in the case of international transfers.

List of supported currencies by trading account: EUR, CAD, GBP, SGD, AUD, USD, NZD, JPY, HKD, and CHF.

IC markets provides the following funding options and payment methods, which differ according to processing time and the currencies accepted:

  1. Neteller

Approx. processing time: Instant
Accepted Currencies: USD, AUD, GBP, EUR, CAD, SGDand JPY

  1. Credit and Debit Cards (Visa and Mastercard)

Approx. processing time: Instant
Accepted Currencies: AUD, USD, JPY, EUR, NZD, SGD, GBP, and CAD

  1. PayPal

Approx. processing time: Instant
Accepted Currencies: AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF

  1. Neteller VIP

Approx. processing time: Instant
Accepted Currencies: AUD, GBP, EUR, CAD, SGD, JPY

  1. UnionPay

Approx. processing time: Instant
Accepted Currencies: RMB

  1. Skrill

Approx. processing time: Instant
Accepted Currencies: AUD, USD, JPY, EUR, SGD and GBP

  1. Bpay

Approx. processing time: 12 to 48 hours
Accepted Currencies: AUD

  1. Wire Transfer

Approx. processing time: 2-5 business days
Accepted Currencies: AUD, USD, JPY, NZD, EUR, SGD, GBP, CAD, CHF and SGD

  1. Fasa Pay

Approx. processing time: Instant
Accepted Currencies: USD

  1. Poli

Approx. processing time: Instant
Accepted Currencies: AUD

  1. Thai Internet Banking

Approx. processing time: 15 to 30 minutes
Accepted Currencies: USD

  1. Broker to Broker

Approx. processing time: 2-5 business days
Accepted Currencies: AUD, JOY, USD, EUR, NZD, GBP, SGD, CAD, HKD and CHF

  1. Klarna

Approx. processing time: Instant
Accepted Currencies: EUR and GBP

  1. Vietnamese Internet Banking

Approx. processing time: Instant
Accepted Currencies: USD

  1. Rapidpay

Approx. processing time: Instant
Accepted Currencies: EUR and GBP



Is IC Markets Minimum Deposit Available in Rands (Zar)?

Unfortunately, the South African Rand (ZAR) is not available for any deposit methods. However, interested users can use BTC instead.



More Informations about IC Markets


IC Markets Regulations

here are different entities under which IC Markets is registered. It is registered under the business name Raw Trading ltd and regulated by the Financial Services Authority of Seychelles. It also holds an Australian Financial Services License and is registered under the Australian Securities and Investments Commission (ASIC) under the name of International Capital Markets PTY Ltd.

We get some additional information from their official website about the fund protection offered by the broker. IC Markets Australia holds segregated funds with two major banks: Westpac Banking Corporation and National Australian Bank. In Seychelles, IC Markets holds segregated funds in Barclays Bank. Additionally, IC markets is a member of the Australian Financial Complaints Authority (ASIC), which requires them to go through annual audits.


IC Markets Security

Unlike many other similar platforms, IC Markets does have any negative balance protection. If you have a balanced risk management strategy in place and do not burden your account with oversized positions, then the chances of your account ending up in extreme situations Is very less. IC markets stops all positions with 50% margin overstepping, while higher values can be adjustable. All other standard industry protocols are in place for account security.


IC Markets Customer Support

The main language of the support system is English. However, the website can be translated to more than ten different languages. The support is operational on 24 hours a day basis, Monday to Friday. Users can contact them via chat,email, or telephone. Compared to other brokers, the speed of the customer service is outstanding.

IC Markets also provides heaps of educational materials in the form of videos and webinars, which can be especially helpful for novice traders. Users receive notifications via mail.


IC Markets Trading Fees

The trading fees and commission fees at IC Markets depends on the account chosen by the user. Raw spread accounts have a commission fee while the standard account does not charge commission fees. However, the spreads are higher. Compared to a lot of similar trading platforms, their trading fees are at the low end of the market, even though its financing fees are high. The commission fee for cTrader raw spread accounts are at $3 per $100,000 lot. Commission fees for MetaTrader raw spread accounts are $3.5 per lot.



IC Markets is a platform which appeals to both beginners and novice traders. With easy deposit and withdrawal methods, multiple account choices and reasonable trading fees, IC markets is definitely a forerunner in this market.


For more please read IC Markets Review


Note: Your capital is at risk


Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Especially trading leveraged products such as Forex and CFDs carry a high degree of risk to your capital and can result in the loss of your entire capital. Only invest with money you can afford to lose.