There are a lot of things to learn about IC Markets deposits. To prevent any problems during your account funding, take a look into this article.
Among Australian brokers, IC Markets is probably one of the most well-known. This broker was created by a team of professionals in the financial service industry with the idea of bridging the gap between retail and institutional clients. Like any other trading service provider, IC Markets aims to offer an excellent experience for its clients. While this broker is mostly known as a CFDs provider, it also comes with many other benefits.
One of the most popular features of IC Markets is probably their raw spread. In fact, they claim that it has some of the lowest spreads available in the market. Furthermore, IC Markets only charges a small number of commission fees for this account, around $3.5 per lot payable per side.
IC Market's features and benefits don't stop here; there are plenty of other useful benefits traders can access by becoming a client. Here are some important conditions regarding IC Markets deposit.
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
IC Markets Minimum Deposit
A broker's minimum deposit means that traders must transfer a certain amount of money to a broker to start trading. Each broker might have a different minimum deposit amount according to their policies. It can range from only a few dollars up to thousands.
In this case, IC Markets apply a minimum deposit of $200 for all payment methods. It does not matter whichever deposit method the trader chooses. The minimum amount remains the same.
There are many things to learn regarding IC Markets deposits. Here are some essential details on IC Markets deposits.
IC Markets Payment Method
There are many ways to fund a trading account in IC Markets. This ASIC-regulated broker offers various popular methods. This means traders will have abundant choices when funding their accounts. To start with, they allow deposits via various methods, including these:
- Credit and debit cards
- Wire transfers
- PayPal
- Neteller
- Skrill
- Union Pay
- BPay
- Broker to broker
- Poli
- Internet Banking (for Thai traders)
- Internet Banking (for Vietnamese traders)
- Rapidpay
- Kalrna
These various payment methods ensure that all kinds of traders have enough options to fund their accounts. However, not all payment methods above can be used for withdrawal. According to the website, traders can only withdraw from credit and debit cards, PayPal, Neteller, Skrill, FasaPay, BPay, Rapidpay, and Klarna.
IC Markets Deposit Fees
Many novice traders don't realize the existence of broker deposit fees. Traders should also realize that deposit fees don't always come from the brokers. Luckily, IC Markets deposits are free of charge. This applies to all of their funding methods. Therefore, the trader's funds won't be reduced because of the 'hidden fee'. However, traders should be aware that there might be some fees or payments to and from some international banking institutions. In this case, IC Markets is not responsible for bank fees.
Instant Deposit for Certain Payments
Many traders wonder why their funds don't immediately arrive after transferring. Well, it's not uncommon that broker deposits can take a while, especially if the bank and the brokers are located in different countries or continents. Which is why some of them might take days or hours.
Luckily, in IC Markets most of the payment methods are instant. Meanwhile, wire transfers and broker-to-broker payments could take 3-5 business days.
To better understand IC Markets' processing time, check out the table below.
| 💳Payment Method | 💰Fee | ⏳Time Spent | 💲Minimum Deposit |
Credit and debit cards | ❌ | Instant | $200 |
PayPal | ❌ | Instant | $200 |
| Neteller | ❌ | Instant | $200 |
| Skrill | ❌ | Instant | $200 |
| Union Pay | ❌ | Instant | $200 |
Wire Transfer | ❌ | 2-5 business days | $200 |
| BPay | ❌ | 12-48 hours | $200 |
| Broker to broker | ❌ | 2-5 business days | $200 |
| Poli | ❌ | Instant | $200 |
| Internet Banking (Thailand) | ❌ | 15-20 minutes | $200 |
| Internet Banking (Vietnam) | ❌ | Instant | $200 |
| Rapidpay | ❌ | Up to 2 business days | $200 |
| Kalrna | ❌ | Up to 2 business days | $200 |
What To Do In Case of Deposit Failure?
Generally, most broker deposits rarely fail. However, there are some cases where the deposit may fail. Some signs to watch for are:
- No notification of successful transfer from the payment provider and the broker.
- No money is arriving in the trading account after the minimum time passed.
For example, a trader who paid using Rapidpay would expect their money to arrive within two business days. If their money didn't arrive until the third day, they can assume their deposit has failed. On the other hand, a trader who uses e-payment such as PayPal will expect their funds to arrive in the trading account instantly. So, if their money didn't arrive for several hours, they should find out what happened to their funds.
In this case, there are two possibilities:
- The trader's money remains in their source account. For example, if they send the money from a bank account but no notification of successful transfer appeared, the money might still be in the bank. In this case, traders can check their balance first to make sure there's no deduction yet then make another transfer.
- The trader's money got stuck in between transfers. That means the trader's balance has decreased but no new funds are found in the trading account. For this problem, trading can contact the broker or the payment provider.
Deposit Protection in Segregated Account
One thing traders should know is that IC Markets keep the trader's fund in segregated client trust accounts that are hosted by top-tier International Banks. It ensures the client's funds will always be safe and separated from the broker's funds.
IC Markets uses international banks with good reputations to keep their client's funds. According to their official claim, some prominent banks they work with are Westpac and National Australia Bank (NAB). Both banks are known as large and trusted banks in Australia, where IC Markets comes from.
Besides deposit, withdrawal is another critical factor to determine a broker's reliability. Explore the information on All You Need to Know about IC Markets Withdrawal.
17 Comments
Oct 29 2022
Questions, is there a minimum withdrawal amount for IC Markets? Also, is there a maximum withdrawal amount as well? I was thinking of moving to this broker, so I try to read a lot of information about them. But I can't really find any information regarding their minimum or maximum withdrawal amount.
Jan 14 2023
IC Market has no minimum or maximum payout amount. Why can't you find any information? i think i know why First of all, the minimum and maximum payouts are determined by the payment option you choose. Brokers have no minimum withdrawal requirements, but banks and other financial payments have minimum withdrawal requirements and may also charge fees. Secondly, it also applies to deposits. Therefore, although the broker offers low deposits, the provider of the chosen payment option does not allow low deposits. Finally, you should check the terms of your payment option provider.
Oct 30 2022
A lot of brokers always said they have 'instant deposit' or 'instant withdrawal'. But I am not sure if this is true. Just be prepared for anything. While the deposit is almost always instant-depend on how you pay-the withdrawal isn't. I would suggest you wait until about 3 to 5 business days for your money to arrive. If it still doesn't arrived passed that time, please contact the customer service.
Jan 14 2023
Nov 25 2022
Attention, this is very VERY important.
Before you apply to a broker, make sure to check out what kind of options they offer for deposits and withdrawals.
Don't be like me. At the beginning of my trading 'career' (if you could call it that) I didn't check what kind of withdrawal options they had.
Apparently, the only available method was PayPal. But, it has seriously expensive withdrawal fees. It really hurt my profit.
Jan 14 2023
Jan 14 2023
What are the best options to choose from at IC Market, offering fast and instant deposits and withdrawals and low fees? I have had bad experiences with high fees when using credit cards as my payment option. And what is the safest payment method to choose from at IC Market? I need an answer! Thank you very much!
Jan 14 2023
Tyler : For me, there is no such perfect payment option. If you want the most secure payment option, you can choose a remittance bank. Banks are regulated financial institutions, so you can trust them. However, if you want instant deposits and withdrawals, you can opt for electronic money as it is fast, does not require strict regulations and the speed depends on the server. Also, in the case of credit cards and debit cards, some cards have low fees, so it is necessary to check the usage fee.
Mar 22 2023
Tyler: IC Markets offers several payment options with varying fees and processing times. For fast and instant deposits and withdrawals with low fees, I would recommend using either Skrill, Neteller, or Bitcoin. Skrill and Neteller are both e-wallets that allow for quick and easy deposits and withdrawals, with fees ranging from 0-2%. They are also widely accepted by many brokers, including IC Markets. Bitcoin is a popular cryptocurrency that also offers fast processing times and low fees, though its value can be volatile. As for the safest payment method, it's important to choose a method that is secure and reliable. All of the payment options offered by IC Markets are safe to use, but you may want to consider using a method that provides an extra layer of security, such as 2-factor authentication or a virtual card number. Additionally, it's important to ensure that you are using a reputable and secure payment provider. Ultimately, the best payment option for you will depend on your personal preferences and needs. I would recommend reviewing the fees and processing times for each option, as well as any additional security features, to determine which method is best for you.
Mar 16 2023
I've been reading up on brokers and one of the things I've come across is the concept of segregate accounts. As a beginner, I don't really understand what this means. For example, I read that IC Markets claims to have a segregate account where traders' funds are kept in a top tier international bank. However, when I deposit money, it still goes into an IC Markets bank account.
So my question is: can you explain how segregate accounts work? And are the banks chosen for segregate accounts still connected to the broker in some way, or are they completely independent?
Mar 16 2023
When you trade with a broker, they're required to keep your money in a separate bank account, called a segregate account. This is to make sure that your money is safe and protected in case the broker goes bankrupt or something like that.
When you deposit money into your trading account, it goes into the broker's bank account, but then they transfer it to the segregate account, which is usually held at a different bank. This way, your money is kept separate from the broker's own money. And also when you make a withdrawal request, the broker will usually transfer the money back to the same account that you used to deposit the money initially. However, the money they're transferring back to you should still be coming from the segregate account, so it's still kept separate from the broker's own money.
The banks chosen for these segregate accounts are usually well-known and trustworthy banks that are completely separate from the broker. So, if the broker were to go bankrupt or something, your money in the segregate account would still be safe and you'd still have access to it. (read : What is a segregate account Forex Broker?)
Mar 16 2023
To give you more information, IC Market is regulated by ASIC and they follow ASIC's policy which requires them to keep client funds in a separate account with an approved Australian bank. In addition, they must maintain accurate records of client transactions and balances, and provide regular reports to ASIC to show they are following the rules.
ASIC also monitors brokers to make sure they comply with these policies, and can take action against brokers who violate them. This includes imposing fines, revoking licenses, or taking legal action.
So, if you are considering depositing or withdrawing funds from IC Market, you can rest assured that your funds are safe and secure.
Mar 16 2023
Interestingly, there's also a feature for broker-to-broker transactions. Dude very interesting with these feature. Look, I have heard about many deposit and withdrawal method. From the bank transfer into cryptocurrencies. And of course my favorite to do the deposit and withdrawal of course with e-wallet. Because it is fast and yet cheap than you thought. But after I read about the article in here, I am interested with the feature of payment methods that unusual. Which is broker to broker transaction. Dude, in my opinion, it seems the broker to broker transactions needed broker that have cooperate with IC Market, right? And how they can pay each other. For honestly, I have never heard that broker cooperate because they are all competitor and with the method broker to broker deposit and withdrwal, is it can be more cheap, fast, and most importanly need to be safe to do the transaction? Can I have explanation?
Mar 16 2023
Yes, I agree that broker-to-broker transactions are a feature that is not commonly available with most brokers. This feature allows brokers to transfer funds between themselves directly, without the need for a third-party payment processor or banking institution.
In the case of IC Markets, they have established partnerships with other brokers to enable broker-to-broker transactions. This allows IC Markets and their partner brokers to move funds between each other quickly and efficiently, without the need for intermediaries that can slow down the process and add additional fees.
Broker-to-broker transactions can offer several advantages, including faster transaction times, lower fees, and increased security. Because the funds are transferred directly between the brokers, there is less risk of fraud or errors that can occur when using third-party payment processors.
Overall, broker-to-broker transactions can be a useful feature for brokers that want to move funds quickly and efficiently while keeping costs low. However, it is important to choose a broker that has established partnerships with other reputable brokers to ensure that the transaction process is secure and reliable.
Mar 22 2023
I am interested in trading on IC Markets and would like to know more about the deposit options available. Specifically, I am curious about the minimum deposit requirements for each payment method, as well as any potential fees or charges associated with making a deposit. Additionally, I would like to understand the processing times for each payment method, and whether there are any limitations on the maximum deposit amount or the currencies that can be used. Could you please provide me with a comprehensive overview of the deposit options on IC Markets, including any relevant details and considerations that I should keep in mind before making a deposit?
Nov 18 2023
Hey folks! So, guess what? I'm seriously contemplating taking the plunge into trading with IC Markets. You know, I was casually scrolling through their website, and those promotions they're flaunting around got me more than just interested – I'm pretty hooked! Now, as I was absorbing all this info, there's a part in the last paragraph that mentions something about segregated accounts. I'm vibing with the whole safety vibe IC Markets has going on, being regulated by ASIC and all, but here's the kicker – I'm really curious about the nitty-gritty of these segregated accounts they're throwing into the mix. Anyone out there with the inside scoop? I'm all ears!
Nov 21 2023
The deal with those segregated accounts at IC Markets is like having a financial safety net. Here's the lowdown: they go the extra mile to keep your trading cash in a separate account from the company's day-to-day operational funds. It's like having your own little money oasis.
Now, why does that matter, you ask? Well, let's say the company hits a rough patch or faces some financial hiccups. Your hard-earned funds are playing in a different sandbox, so they're not in the danger zone. It's a solid move for securing your dollars while still enjoying the perks of trading. Furthermore, I recommend exploring additional aspects on BrokerXplorer, not solely limited to broker reviews but also focusing on crucial trading elements such as segregated accounts. For instance, you can find information on this topic right here: What is a Segregated Account in Forex Brokers?