If you are considering getting started and trading with IC Markets minimum deposit, you’ll need to get have at least $200 at your disposal regardless of the account you choose.
The IC Markets minimum deposit level of $200 is very much in line with the minimum deposit requirements of most established forex brokers, even if there are many emerging that now offer lower deposit accounts.
It’s worth noting that depending on where in the world you find yourself, IC Markets offers a higher leverage than many of its competitors at 1:500, so you may be able to trade with a smaller account size if you’re careful with your risk management and trade size.
The remainder of this guide is going to focus on the different account types offered, along with an overview of payment types, and the general IC Markets withdrawal process to ensure that once you get the minimum deposit right, you know how everything else with IC Markets works before getting started.
IC Markets Account Types With Minimum Deposits
|Best Suited To||Discretionary||Daytrading & Scalping||EAs & Scalping||Islamic Traders|
IC Markets also offers several different account types to suit the needs of various types of traders. These include two Raw spreads trading accounts (one operating on cTrader, the other MetaTrader), a Standard account, and a Swap-Free Islamic account.
IC Markets Deposits – How to Get Started & Deposit Your Money
Your IC Markets deposits can be added into your account in an easy and straightforward manner. You can deposit via credit or debit card, bank wire transfer, or a number of other popular digital payment methods, and the selection is as good as any competitor on the market.
The minimum deposit with IC Markets after the initial setup amount is $100, and there is no maximum amount. There are no fees charged on deposit by the broker, but your own bank or payment processor may charge a fee so it is worth keeping an eye on that.
To make a deposit with IC Markets, simply follow these steps
> login to your trading account and
> go to the deposit page
> select your preferred method of payment
> enter the amount you wish to deposit
> click submit
Your funds should be processed instantly, except in the case of bank wire transfer which can take 1-5 business days.
IC Markets Deposit & Withdrawal Methods
As we had intimated above, the range of choice for deposits and withdrawals with IC Markets are as good as any on the market. With current support for 10 base currencies, and 16 methods, we thought it better to break these down into an easy to read table.
Payment Methods Supported :
Broker To Broker
Thai Internet Banking
Vietnamese I. Banking
Is it safe to deposit with IC Markets? * History & Regulations
IC Markets was founded in 2007 and in 2020 was classified as the largest forex broker in the World by trading volume. This indicates they are doing something right, and that clients continue to trade with, and trust IC Markets.
So, is IC Markets a trusted broker and one that is safe to make a deposit with? In short, yes – but let’s give you some additional detail on the regulations that the broker holds.
Australia – ASIC Regulated
Having its headquarters located in Sydney, Australia means it is no surprise that IC Markets AU is regulated by the Australian Securities and Investments Commission (ASIC) with AFSL No. 335692.
Europe – CySEC Regulated
IC Markets EU holds CySEC regulation under Licence No 362/18. With European regulation from Cyprus, IC Markets can ‘passport’ their services across the EU by registering with other regulators. The leverage restrictions across the EU remain the same at a maximum of 1:30, and the minimum deposit is also consistent with other global regions at €200.
Global – FSA (Seychelles) Regulated
IC Markets Global (Raw Trading Ltd) holds Seychelles FSA regulation with License NO SD018. This allows IC Markets to support users globally including Malaysia, India, Vietnam, Thailand, South Africa, and Nigeria, amongst many others (excluding from those on the restricted list towards the end of the article).
The IC Markets minimum deposit remains at $200 regardless of where you trade from, but there are differences in certain other factors that do change depending on the regulatory arm of IC Markets you register with.
What is the IC Markets Minimum Deposit In ZAR?
South African traders of IC Markets minimum deposit can be made from $200, or approximately 3100 ZAR.
South Africans can take advantage of their free demo account to test out the platform before committing any real money and with advanced security features and strict regulations to protect investors’ interests, it’s no wonder that IC Markets has quickly become one of the top choices for traders in South Africa.
UK – FCA Registered
IC MARKETS (EU) LTD holds FCA Reference Number: 827935
IC Markets offers Forex, Spread Betting and CFD trading to the UK market with leverage up to 30:1. Whilst the IC Markets minimum deposit $200 remains, the GBP minimum deposit should be treated as £200 also.
Holding offices in London, whilst IC Markets EU is not directly regulated by the FCA, it is authorised, registered and approve to offer services to UK residents.
** Recent Warning To Check – Although this does not directly involve IC Markets, you will want to pay attention to the company that you deal with, as unfortunately there has recently been a firm pretending to be IC Markets targeting UK clients as you can see from this FCA notice. On the notice, you will see that the actual website and contact details of the ‘clone’ are not the same as IC Markets EU so it is always wise to verify the site with the regulator directory first.
IC Markets Withdrawals
When it comes to withdrawing your money from IC Markets, there are a few things you need to know. First of all, you can only withdraw via the same method that you deposited with. So, if you deposited with a credit or debit card, you will need to withdraw to that card. If you deposited via bank wire transfer, you will need to withdraw via bank wire transfer.
The minimum amount you can withdraw with IC Markets is $1, and there is no maximum amount. Withdrawals are free of charge, however your bank or payment processor may charge a fee so be particularly careful if you need to do an international bank transfer on the potential fees you will incur.
Withdrawal Process In Simple Steps
To make a withdrawal, simply follow this process
> login to your IC Markets account
> go to the withdrawal page
> Select your preferred method of payment
> enter the amount you wish to withdraw
> click submit … That’s as easy as it is!
Your withdrawn funds should be processed either instantly, or up to 5 business days, depending on your chosen withdrawal method.
If you have any questions or concerns about withdrawing your money from IC Markets, be sure to contact their customer support team for assistance as they are available 24 hours a day, 5 days per week.
IC Markets Minimum Deposit & Withdrawal Guide Summary
IC Markets is a popular choice for forex traders due to its competitive spreads, low commissions and wide range of tradable instruments. Although IC Markets reviews are largely very positive, some users have complained about the company’s customer service and platform stability. This is par for the course unfortunately, and there will always be exceptions to even millions of happy users.
Overall, IC Markets is a reliable and well-rounded forex broker that offers a good experience for both beginners and experienced traders, with a trading platform full of technical indicators.
With a reputation as one of the leading international brokers in the CFD trading industry, IC Markets minimum deposit remains constant at $200 regardless of account type, or region of the world you are in. With broad access to the global currency markets, advanced trading tools and resources, and around-the-clock support from their dedicated team of market experts, IC Markets is an excellent option for investors looking to take their trading to the next level.
Deposits and withdrawals can be made in 10 base currencies, using 16 different methods, with a selection that truly competes among the best globally. Add to that a strong selection of instruments to trade, including more than 1800 stocks CFDs and possibly you might want to make that IC Markets minimum deposit in order to get started.