IC Markets Deposit Guides 2024: Minimum Deposit, Deposit Methods, Fees and More 

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 IC Markets is a forex and CFD broker that offers online trading services to retail and institutional traders. The broker is based in Australia and offers 2150+ trading instruments including Forex, CFDs, Indices, Crypto CFDs, Commodities, Bonds, Stock CFDs, etc. The broker is regulated by top regulatory authorities including ASIC, CySEC, and FSC.  One of the most important factors that traders consider when choosing a forex broker is the minimum deposit amount. If you are considering using IC Markets, you may be wondering what the minimum deposit of IC Markets is.

The minimum Deposit of IC Markets is $200. In this guide, we will provide you with a comprehensive overview of IC Markets’s minimum deposit requirements, deposit process, and other important information you need to know before you start your trading journey. 

Ic Market at a Glance:

IC Markets is an online forex and CFD (Contract for Difference) broker that provides a platform for traders to access various financial markets. Established in 2007, IC Markets has gained a reputation for offering competitive spreads, low commissions, and a wide range of tradable assets, making it a popular choice for both retail and institutional traders. The broker is known for its technology infrastructure, which includes fast execution speeds and support for automated trading strategies, making it suitable for a wide range of trading styles and experience levels.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA), which provides a level of security and oversight for traders. The broker offers access to a variety of trading platforms, including MetaTrader 4 and 5, as well as cTrader, and provides a comprehensive suite of educational resources to help traders improve their skills and make informed trading decisions.

ICMarkets Overview

ICMarkets Overview
  • Founded In: 2007 
  • Founder: Andrew Budzinksi
  • Minimum Deposit: $200
  • Maximum Leverage: Upto 1000:1 for FSA Jurisdiction, 30:1 for ASIC, CySEC clients.  
  • Regulations: ASIC, CySEC,  and FSA
  • Trading platform: MT4, MT5 and cTrader
  • Trading Instruments: 2150+ Trading Instruments including Forex, Crypto, Stock, Commodity Indices, Bonds, Futures.
  • Account Types: Standard, Standard, Raw (Metatrader, Ctrader) 
  • Fees: Spread starting from 0.8 Pips(Standard Accounts) or $3 to 3.5 Commission (Raw Accounts)
  • Payment Options: bank/wire transfer, Paypal, credit card, Skrill, Neteller, UnionPay, Bpay, FasaPay and Poli.
  • US Traders: Not Accepted 

What is the minimum deposit of IC Markets?

IC Markets had a minimum deposit requirement of $200 for their Standard and Raw Spread accounts. However, please note that financial institutions and brokers can change their policies and requirements over time, so I recommend visiting the official IC Markets website or contacting their customer support for the most up-to-date information on their minimum deposit requirements. The minimum deposit may have changed since my last update.

What is the Maximum Deposit of IC Markets?

The maximum deposit limit at Unlimited is unlimited. You may deposit as much as you want. However, there is a daily transaction limit for deposit methods. This limit varies from method to method. If you reach the limit for one method, you can use another method to fund your account. Here are the maximum daily limits for different deposit methods:

  • Visa/ Mastercard: $70,000 or equivalent
  • Paypal: $70,000 or equivalent 
  • Neteller: $50,000 or equivalent
  • Skrill: 50,000 or equivalent
  • Union Pay: 7500USD
  • Wire Transfer: no limit
  • BPay: 70,000 or equivalent 
  • POLI:  70,000 or equivalent 
  • Thai Internet Banking: Depends on the client’s bank
  • Rapid Pay: $10, 000 or equivalent
  • Klona: $10,000 or equivalent 
  • Vietnamese Internet Banking: 300,000,000 VND

What are the Deposit Methods of IC Markets?

IC Markets offers a variety of deposit methods for the convenience of traders and investors. Each deposit method has its own transaction limits for deposits and withdrawals. Since IC Markets serves clients worldwide, it provides various deposit methods for traders located in different countries. These deposit methods include:

  • Visa/Mastercard
  • PayPal
  • Neteller
  • Skrill
  • UnionPay
  • Wire Transfer
  • BPay
  • POLi
  • Thai Internet Banking
  • Rapid Pay
  • Klarna
  • Vietnamese Internet Banking

What are the Deposit Currencies ( Base Currencies) of IC markets

IC Markets supports 10 funding currencies. Traders can open an account in 1 of 10 supported base currencies.  These base currencies include 

  • USD (United States Dollar)
  • AUD (Australian Dollar)
  • EUR (Euro)
  • GBP (British Pound)
  • SGD (Singapore Dollar)
  • NZD (New Zealand Dollar)
  • JPY (Japanese Yen)
  • CHF (Swiss Franc)
  • HKD (Hong Kong Dollar)
  • CAD (Canadian Dollar)

Does IC Markets Charge any Fee for Deposits?

 IC Markets does not charge any fees for deposits or withdrawals. However, you should be aware that traders may incur fees, such as intermediary fees, on payments to and from certain international banking institutions or when using specific payment methods

How long does IC Markets deposit take?

The deposit on IC Markets is almost instant. You can see deposits appear on the account instantly. However, in some deposit methods, it may take an hour for deposits to be processed into the designated trading account. Here are the deposit turnaround of different payment methods of IC Markets: 

  • Visa/Mastercard: Instant 
  • PayPal: Instant 
  • Neteller: Instant
  • Skrill: Instant 
  • UnionPay: Instant 
  • Wire Transfer: 2 to 5 business days
  • BPay: 12 to 48 hours 
  • POLi: Instant
  • Thai Internet Banking: 15 to 30 Min 
  • Rapid Pay: Upto 2 business days
  • Klarna: up to two business days
  • Vietnamese Internet Banking: Instant 

How to Make Deposit (Step-by-Step Guide)

Step:1 Open a Trading Account:

To start the deposit process, you’ll first need to open a trading account with the broker or trading platform of your choice. This typically involves providing personal information, such as your name, address, date of birth, and contact details. You may also need to complete a Know Your Customer (KYC) verification process, which often requires uploading identification documents like a passport or driver’s license. Once your account is created and verified, you’ll be able to log in and access the platform.

Step 2: Select Payment Methods:

After logging into your trading account, you’ll need to navigate to the deposit or funding section of the platform. Most trading platforms offer a variety of payment methods for funding your account, including credit/debit cards, bank transfers, e-wallets (such as PayPal, Skrill, or Neteller), and cryptocurrencies. Choose the payment method that suits you best. Keep in mind that different payment methods may have varying processing times and fees, so it’s important to review these details before making your choice.

Step 3: Select Your Deposit Currency:

Depending on the trading platform and your location, you might have the option to choose your deposit currency. Common choices include USD, EUR, GBP, and more. Select the currency that aligns with your preferences or trading strategy. It’s crucial to choose the right currency as it will determine how your funds are held within your trading account.

Step:4 Make a Deposit:

Once you’ve selected your preferred payment method and deposit currency, you’ll be prompted to enter the deposit amount. Carefully review the amount to ensure it matches your intentions. You might also need to provide additional information, such as your payment details or cryptocurrency wallet address if you’re using digital assets.
Double-check all the information you’ve provided, including the amount and payment details. After confirming the accuracy of your input, proceed to make the deposit. Depending on your chosen method, you may be redirected to a secure payment gateway or asked to follow specific instructions, such as entering your card details or initiating a bank transfer.

How to Withdraw Funds from IC Markets?

To withdraw funds from IC Markets, follow these steps:

  1. Log in to your IC Markets account.
  2. Go to the “Withdraw Funds” or “Withdrawal” section.
  3. Select your preferred withdrawal method (e.g., Bitcoin, wire transfer).
  4. Enter the amount you wish to withdraw.
  5. Follow any additional on-screen instructions for your chosen withdrawal method.
  6. Confirm the withdrawal request.
  7. Wait for the withdrawal to be processed by IC Markets.


Frequently Asked Questions ( FAQs)

What is IC Markets?

Founded in 2009. IC Markets is a forex and CFD broker that offers online trading services globally. IC Markets is a regulated forex broker that is regulated by ASIC, CySEC, and FSA. The broker allows restriction-free trading facilities to traders worldwide. IC Markets offers Forex, Commodities, Stock, Indices, Crypto, Turbo Stocks, Equity, indices, Precious Metals, and Energies trading with up to 1:1000 leverage. The broker claims itself as a true ECN forex broker.  

Does IC Markets have instant deposits?

Yes, IC Markets offers instant deposit options. For example, deposits made via PayPal, VISA/MasterCard, Neteller, and Skrill are instant. However, international bank transfers may take 3 to 5 business days.

Is IC Markets a Regulated Forex Broker?

Yes, IC Markets is a regulated forex and CFD broker. The broker is regulated by ASIC, CySEC, and FSA. Learn more about IC Markets regulation here.

Conclusion:

IC Markets offers a variety of deposit methods for traders. The minimum deposit is $200. IC Markets’ deposit methods include credit/debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and PayPal. Traders should note that some deposit methods may incur fees, so it is important to check with IC Markets before making a deposit. Additionally, the processing time for deposits varies depending on the deposit method chosen.

Moreover, IC Markets provides a convenient and reliable platform for traders to deposit funds and start trading. With a range of deposit methods and reasonable minimum deposit requirements, traders have the flexibility to choose the option that best suits their needs.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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