Frequently Asked Questions

IC Markets Bonus - is it available with IC Markets?

 

icmarketsIC Markets is a Sydney-based online brokerage service, offering services for both novices as well as professional traders. The company is regarded as the ultimate tool for high volume traders, scalpers and those using trading algorithms. It provides the New York Equinix NY4 data center which processes over 500,000 trades on a daily basis. IC Markets also provides some other interesting trading features such as social trading with myfxbook and ZuluTrade.

 

 

IC Markets Bonus - does IC markets offer bonus?

There is no IC Markets free bonus to talk about as they do not offer any bonuses, promotions, rewards or competitions. However, traders should not be discouraged from registering with IC Markets, as bonuses may be introduced at a later date. They should not miss out on the trading conditions offered by the platform.

 

Deposit and No Deposit Bonus

Brokers offer deposit bonuses in an attempt to encourage traders to trade, giving them the assurance that they will receive a percentage of the money they invested in their initial deposit. Unfortunately, IC markets do not offer any deposit bonus or no deposit bonus.

 

Welcome Bonus and Sign up Bonus

First time traders who join IC markets and open a real account with them, are not offered any first time signup bonus, a welcome bonus, or a deposit bonus. There are many brokers who offer bonuses of this nature to new traders in an attempt to draw in more customers as well as to increase trading activities. By offering a welcome bonus, the brokers assure the traders that receive some money back, based on the initial deposit they make. Unfortunately in this case, there is not welcome bonus offered.

 

IC markets referral bonus

Referral bonuses are usually offered by brokers to their users in attempt to either expand their current customer base or to draw in new traders. These bonuses often involve strict criteria that have to be fulfilled before traders can benefit from referring a family member or a friend. Normally, referral bonuses involve the following criteria:

  • The referral bonus is only applicable when the user referred opens a real account with the brokerage. They are not applicable for opening demo accounts.
  • The referred user must meet a certain minimum deposit amount.
  • The referred person has to open a real account with the broker using the unique referral link that is sent by the user receiving the referral bonus. This helps in tracing back the registration to the correct trader.
  • In order to receive the referral bonus, the referred user may have to execute a certain number of trades on his/her new account.

 

IC Markets offers a 30% cost discount or a $50 trading bonus through a third party. The offer is applicable to both new clients as well as current users.

  • $50 Cash Bonus: To avail this bonus, users must first click the referral link and create an account. They musttrade at least 15 lots on a standard IC Markets account. On the completion of this offer, the user receives a $50 bonus from commissions.
  • 30% Commission Discount: In this bonus, costs are updated to $5.5 per low on Raw accounts, which gives a savings of 21%. Spreads start from 0.7 pip spread on a standard account, providing a savings of 30%.

 

 

IC Markets Trading Bonus

By offering trading bonuses, brokers encourage traders to increase their trading activity and to trade higher volumes to get rewarded through a cashback. However, IC Markets does not offer any trading bonuses, nor does it have any initiatives to reward loyal customers.

 

IC Markets Pros and cons

Pros  Cons 
The broker provides comprehensive platform and competitive trading conditions to make up for not offering any bonuses. Does not offer any welcome bonus, deposit bonus or no deposit bonus.
Provides over 170 assets to trade Does not offer any referral bonus( only offered by third party)
Raw accounts are highly competitive  No trading bonus offered
Has a good reputation and is regulated by FSA and ASIC  More catered towards professional traders.

   

 

Benefits with IC Markets

To effectively conduct trading online, one should first find a brokerage that is regulated and has a favourable reputation in the market. This ensures that they are not risking their savings the broker is accountable for their client’s funds. One of the biggest advantages of trading with IC Markets is the ability to trade with multiple instruments: CFDs, Shares, Cryptocurrencies, Forex and spread betting. Besides this, some of the benefits are as follows.

  • Trade Execution: IC Markets offers reasonable trade execution, with an average execution speed of FX brokers for under 40ms.
  • Liquidity is institutional grade: IC Markets offers interbank liquidity of up to 50 outlets.
  • Compatible with Automated traders: IC Markets works well with automated trading software. It has a New-York based engine which handles over 500,000 orders per day.
  • Favourable Market Data: IC Markets was the world leader among forex brokerages by trading volume according to Finance Markets in the first and second half of 2017.
  • Offers a broad range of markets: To cater to traders of different types, IC Markets offers an assortment of different trading instruments such as CFDs, spread betting, shares, cryptocurrencies, and forex pairs.
  • Superior technology: IC Markets is one of the few brokers which allow scalping and hedging on its trading platform.
  • Social Trading: IC markets allows Social trading or copy trading through ZuluTrade and myfxbook.

 

 

FAQs

1. What are the trading fees for IC Markets?

Trading fees for IC Markets depends on the account one chooses:

Account Type Minimum Initial Deposit Commission and Spreads
cTrader Raw Spread Account $200 Commission of $3 per 100k lot traded. Spreads start from 0.0 pips.
Raw Spread Account $200 Commission of $3.5 per lot per side. Spreads start from 0.0 pips.
Standard Account $200 No commission charged. Spreads start from 1.0 pips.
2. Is IC Markets regulated?

IC Markets falls under the regulatory compliance of CySECand complies with FSA regulatory requirements. In Australia, IC markets complies with all ASIC regulatory requirements.

3. Is there a minimum deposit requirement at IC Markets?

The minimum deposit amount at IC markets is $200 of the currency equivalent in other currencies.

 

 

Final Thoughts

IC Markets has carved its reputation for being one of the most reliable and efficient online brokerage platforms. Although there is no IC Markets free bonus on offer for new traders registering on the platform, it has favourable trading conditions that are not offered by any of its competition. This makes IC markets the ideal platform to start one’s trading journey. It is a suitable platform for the many “battle-hardened” professional traders to prosper.

 

 

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.