IC Markets Minimum Deposit Review
The minimum deposit required to open an IC Markets Account is USD 200. IC Markets provides 3 different live trading accounts, cTrader, Raw Spread, and Standard.
🔎 Account Type | 🚀Open an Account | 💰 Minimum Deposit | 🤝 Best Suited |
🥇 cTrader | 👉 Click Here | 200 USD | Day Traders and Scalpers |
🥈 Raw Spread | 👉 Click Here | 200 USD | EAs and Scalpers |
🥉 Standard | 👉 Click Here | 200 USD | Discretionary Traders |
Minimum Deposit – Key Point Quick Overview
- ☑️ Overview
- ☑️ Regulations and Safety of Funds
- ☑️ Deposit Fees and Options
- ☑️ Pros and Cons
Overview
IC Markets charges a minimum deposit amount of 200 USD. After investigating IC Markets, we determined that their minimum deposit requirement of 200 USD is reasonable for traders who want to start trading with an award-winning and reputable forex and CFD broker.
We believe this amount provides an opportunity for a diverse range of traders, especially those less experienced in the markets.
One aspect that is highly valued is the flexibility in funding your account. IC Markets offers the convenience of accepting deposits in multiple major currencies, including USD, EUR, AUD, and others, catering to the needs of their international clients.
In addition to a variety of deposit methods available, such as bank transfers, credit/debit cards, and popular e-wallets like Skrill and Neteller. Although the initial 200 USD minimum is a commendable starting point, we urge traders to remember that it’s merely the first step
Before delving into trading with IC Markets, traders should thoroughly evaluate their financial circumstances and level of risk tolerance. Elements such as leverage and margin requirements will significantly impact the total capital required for a smooth trading experience.
Overall, IC Markets finds a perfect balance between user-friendliness and practicality, particularly for individuals exploring the world of forex and CFD trading. Considering their multi-currency support, diverse deposit methods, and affordable initial deposit, they are worth considering.
Regulation and Safety of Funds
🔎 Registered Entity | 🌎 Country of Registration | 📈 Registration Number | 📉 Regulatory Entity | 📊 Tier | 💹 License Number/Ref |
1️⃣ Raw Trading Ltd | Seychelles | N/A | FSA | 3 | SD018 |
2️⃣ International Capital Markets Pty Ltd. | Australia | CAN 123 289 109 | ASIC | 1 | AFSL 335692 |
3️⃣ IC Markets EU Ltd | Cyprus | N/A | CySEC | 2 | 362/18 |
4️⃣ IC Markets Ltd | Bahamas | 76823 C | SCB | 3 | SIA-F214 |
Protection of Client Funds
🔎 Security Measure | 📌 Information |
🔒 Segregated Accounts | ✅Yes |
🔏 Compensation Fund Member | None |
🔐 Compensation Amount | $1 million |
🔓 SSL Certificate | None |
🔒 2FA (Where Applicable) | None |
🔏 Privacy Policy in Place | ✅Yes |
🔐 Risk Warning Provided | ✅Yes |
🔓 Negative Balance Protection | ✅Yes |
🔒 Guaranteed Stop-Loss Orders | None |
Deposit Fees and Options
Our research shows that IC Markets doesn’t charge any fees on deposits. Below, we detail the payment categories and provide traders with a generalized step-by-step on depositing funds with IC Markets.
🔎 Payment Method | 🌎 Country | 💰 Currencies Accepted | ⏰ Processing Time |
💴 Credit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant – 5 days |
💶 Debit Card | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant – 5 days |
💵 PayPal | All | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant |
💷 Neteller | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
💴 Neteller VIP | All | AUD, GBP, EUR, CAD, SGD, JPY | Instant |
💶 Skrill | All | AUD, USD, JPY, EUR, SGD, GBP | Instant |
💵 UnionPay | China | RMB | Instant |
💷 Bank Wire Transfer | All | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2 – 14 days |
💴 Bpay | Australia | AUD | 12 hours – 3 days |
💶 FasaPay | All | USD | Instant – 5 days |
💵 Broker to Broker | All | AUD, USD, JPY, EUR, NZD, SGD, GPB, CAD, CHF, HKD | 2 – 5 days |
💷 POLi | Australia | AUD | Instant – 3 days |
💴 Thai Internet Banking | Thailand | USD | 15 minutes – 1 day |
💶 Vietnamese Internet Banking | Vietnam | USD | Instant – 1 day |
💵 Rapidpay | All | EUR, GBP | Instant – 5 days |
💷 Klarna | All | EUR, GBP | Instant – 5 days |
How to Make a Deposit with IC Markets
Bank Wire Transfer:
Log into your IC Markets account.
- Go to the ‘Funds’ or ‘Deposit’ area.
- Choose ‘Bank Wire Transfer’ as the deposit method.
- Select your favorite currency.
- Enter your deposit amount.
- Retrieve the bank details supplied by IC Markets.
Begin the transfer from your bank using the provided information. Upload evidence of transfer if necessary.
Credit or Debit Card:
Access the IC Markets client portal.
- Go to the “Deposit” or “Fund Account” section.
- Select ‘Credit/Debit Card’ as the payment option.
- Choose your card type (Visa, MasterCard, etc.).
- Enter your card details and deposit amount.
- Review and confirm the transaction.
- Complete any extra security verifications that are required.
Await confirmation of a successful deposit.
Cryptocurrency:
Sign into your IC Markets account.
- Choose ‘Cryptocurrency’ as the deposit option.
- Choose your favorite cryptocurrency (e.g., Bitcoin or Ethereum).
- Specify the deposit amount in your account currency.
- Copy the provided IC Markets wallet address or scan the QR code.
- Initiate the transfer from your crypto wallet.
Wait for blockchain confirmations.
e-Wallets or Payment Gateways:
Login to your IC Markets trading account.
- Navigate to the deposit section.
- Choose your favorite e-wallet or payment gateway (e.g., Skrill, Neteller).
- Enter the deposit amount and select your currency.
- Click to get to the e-wallet’s login page.
- Sign into your e-wallet account.
- Review and confirm transaction information.
- Perform all necessary security checks.
Return to IC Markets to confirm a successful deposit.
Pros and Cons
✅ Pros | ❌ Cons |
IC Markets do not charge deposit fees | Currency conversion fees might apply |
IC Markets keeps all client deposits in secure and separate accounts | There might be delays in bank wire transfers |
There is a choice between flexible deposit methods | There are strict and tedious verification requirements |
There is multi-currency support for deposits | The 200 USD minimum deposit might be too high for some traders, especially beginners |
No. Due to legal limits, IC Markets seldom offers deposit incentives. However, they provide periodic incentives or reward programs like cashback rebates to active traders and partners.
IC Markets often processes deposits as usual during important market occurrences. However, they may give cautions regarding anticipated volatility and margin requirements during these times.
While IC Markets has mechanisms to manage incorrect deposits, the process might take time. To avoid such scenarios, double-check your account information before making any deposits.
IC Markets primarily allows deposits in active, prominent cryptocurrencies. Deposits in stopped or delisted coins may be refused or require additional processing.
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