How to Add Credit or Debit Card on IC Markets Account

Clementine: Logging into your account with your credit/debit card takes a few days as soon as you make a deposit and a few days if you make a withdrawal.The whole financial process is cleared on Monday. So if you plan to retire on Saturday and Sunday, you might want to wait until Monday.

The downside to using credit/debit cards is that your bank will refuse to process your transaction while you are paying. I have verified the number card with the CVV number on the back of the card so I don't know why. However, some traders face no issues and can make deposits and withdrawals there

Don't be afraid to enter the market for longer as forex offers plenty of opportunities to profit anytime and anywhere as long as you can see the opportunities well! 

Michael: First, you must know that the first of the number credit card is the type of your card. Is it VISA or Masterclass. The information after the second row up to fourth row is your number card. And all of this information, the hacker may can enter all the number but cannot do the transaction.

So, the code to activate the card is your CVV number, the behind of the card. If you ever give the CVV number to the other people, you need to be careful because it is the number to activate the transaction.

But nowadays, to do the credit card transaction, you need to be confirmed with code that sent to your phone.

So, it is very safe to upload your CC picture since the transaction need two way authenticator!

Hans Stuart: Simply put, when using a debit card, the maximum payout depends on the type of card. The more premium cards you have, the more you can pay. In my country, most of my local banks have his 4 types of cards: basic card, silver card, gold card and platinum card. Each card has a maximum transaction amount that can be used.

Basic cards can get payments up to $300. Silver cards can get up to $10,000. Gold cards have a maximum of $12,000 and platinum cards have a maximum of $25,000. Credit cards, on the other hand, have different credit limits. And a debit card with no fees is the best payment card for me.

Yolanda:

As far as I know this broker has been licensed by the FSA, one of the world's leading regulators, which does not allow any form of money laundering.

In accordance with the FSA's Anti-Money Laundering and Counter-Terrorism Financial Act, IC Markets Global has policies and procedures in place to ensure compliance with the law. These policies and procedures are designed to prevent money laundering activities from occurring. IC Markets' Global Anti-Money Laundering Policy outlines the documents you must provide us before opening an account.

In making this Anti-Money Laundering or AML program a success, IC Markets applies KYC measures to each of its members to reduce any risks that could endanger the security of your trading processes such as hacking or other forms of fraud. Apart from being a fast and easy process, KYC is not only beneficial for brokers, but KYC is also very profitable for clients at this broker, because it can protect us all from an incident or things that might harm us someday.

IC Markets prides itself on being the best and biggest ECN broker. This broker is ASIC supervised and offers platforms such as MetaTrader4, MetaTrader5 and cTrader. IC Markets is highly recommended for beginners as well as experienced traders who want faster execution and small spread charges.

Tristan: I agree with your opinion that broker Ic Markets is safe for trading and all your personal data is guaranteed safe with this broker. IC Markets has been overseen by ASIC (license number 335692) since 2009 as well as trusted Australian banks such as Westpac and NAB to hold client funds segregated. In the event of bankruptcy, client funds are still safe because IC Markets has professional indemnity insurance through Lloyds of London.

Headquartered in Sydney, IC Markets is the best representative of Australian brokers with excellent credibility and reputation.

then what you need to do is fulfill the blessing requirements that must be uploaded for the verification stage. Furthermore, you only need to wait a maximum of 24 hours for the verification process to be carried out by the broker. If successful, you'll get an email! And don't forget to also activate the push notification feature on your cellphone so that IC Markets can contact you if something unexpected happens.

Global traders are protected by the FSA regulator, so you don't have to worry about money laundering. I believe your funds are guaranteed in this broker. Raw Trading Ltd, IC Markets Global, is authorized by the Seychelles Financial Services Authority as a Security Dealer for the provision of financial services under License NO SD018.

Tristan: Thank you friends for the explanation, I understand quite well until your explanation is related to security and what traders deposit on the IC market. IC market implements Anti Money laundering so that all policies provided by this broker are adjusted to IC Markets' Global Anti Money Laundering Policy.
Such as debit card and credit card information requested by IC Market brokers for the funding process (deposits and withdrawals). In my opinion, this broker is pretty good for security as it focuses on client satisfaction improving the trading conditions they offer.

However, I still have a few questions regarding security and information on my personal data or my account information. For example, if there is bankruptcy or account hacking, are client funds in the IC market still safe? What about the personal documents that the client includes at this broker?
Please friends explain again, I am very curious about this

Eleanor: IC Markets is a private company based in Australia with headquarters in Sydney. IC Markets' management team consists of individuals with over 20 years of experience in derivative products. IC Markets founders were instrumental in the success of Australia's leading CFD and Forex provider. IC Markets complies with ASIC Client Money handling requirements. All client funds are held in segregated client trust accounts with Top Tier Australian banks. IC Markets does not use these funds for any expenses or operational purposes.

IC Markets keeps client money in segregated client trust accounts with a number of top rated International banks. these brokers spread client money across multiple banks to reduce counterparty risk to any one bank.

The company may collect your personal information from time to time to inquire further about you, including identification checks, account-related information to fulfill our legal regulatory obligations, smooth trading and to fight fraud. you need to remember that IC Markets does not sell your personal information to any third parties for marketing purposes. This broker takes client privacy very seriously and has established policies and procedures to protect the information requested from clients.

In case of hacking of the account, I advise you to immediately change the password for the email registered with this Broker without and update the password of their client area and trading platform. Security information should be kept private and should not be stored on shared or public devices. In case of a hack, you can directly contact the IC market broker so that appropriate measures are implemented from our side as early as possible.

Reynarl: The deposit option with Credit and Debit Cards is one of the deposit options that can be used for funding on the IC market. In fact, this broker has many funding options, but the most popular among traders are Credit and Debit Cards. If you wish to deposit via credit or debit card, for security reasons, we require a copy of the card. The card must be in your own name and not past its expiration date.

• First login to your Secure Client Area and Transfer – Deposit Funds then 'Fund Now with Credit Card'
• Select Add New Credit/Debit card then enter the requested details. Upload a copy of the card and we'll approve it as fast as we can for you. We can accept scanned copies or clear photos.
• Once the card is approved, you can make instant deposits at any time.

IC Markets does not charge any additional fees for deposits or withdrawals. However, please note that you may incur payment fees to and from the international banks involved. IC Markets does not bear or be liable for such bank fees.

Robert: Wow, it turns out that I've never tried trading, so it's only natural that I don't understand deposits. As far as I know, all brokers don't seem to recommend deposits using accounts from third parties. So it's better to use an account in your name only, to avoid deposit problems and avoid a fraud too...

IC market brokers are no different from other brokers in this regard, ALL deposits must be made from a payment account with the same name as your trading account. IC Markets does not accept payments from third parties. Make sure all deposits to your trading account are sent from a bank account in your own name. Payments from Joint Bank Accounts / Credit Cards can be accepted if the name of the trading account holder is listed as one of the parties holding the Bank Account / Credit Card.

IC Markets also strongly discourages using other people's payout accounts to fund your trading account as you may have problems with withdrawals — and this broker cannot guarantee successful processing if this is the case. Oh yes, be careful when choosing a deposit method with a broker, because not all of the deposit methods offered are available in your country.

Josh: When you use a credit card to deposit funds into IC Market, the fees can vary depending on your bank and credit card issuer. Typically, the credit card company charges a fee that's a percentage of the total transaction amount, which could be anywhere between 1-3%. On top of that, you might also be hit with a foreign transaction fee if there's a currency conversion involved. So, it's a good idea to check with your bank and credit card issuer to see what fees might apply in your specific case.

Basically, credit card deposits tend to come with higher fees compared to other payment methods. This is because the credit card company might charge extra processing or cash advance fees for the transaction, in addition to any exchange rate fees that apply. In some cases, the credit card company may even charge interest on the transaction if it's treated as a cash advance instead of a purchase. So, it's important to be aware of these potential fees before making a deposit. There are also some problems when you deposit with the cards other than rate fees. You can learn the other in this article : The Problem with Forex Brokers that Accept Credit Cards

Sweety: In accordance with the explanation in this article and the explanation directly on the website, this IC Market Broker does not charge any fees for deposits and withdrawals, even though the method used for withdrawals is via an international bank transfer. the recommended funding by this broker is 200 USD. However, these costs come from additional costs from third parties such as:

• Intermediary bank fees : When funds are withdrawn from an account held by a state-based institution other than a local bank, the transaction may be routed through one or more intermediary banks.
• Currency conversion fee : If the account is held in a currency other than the local bank, funds may need to be converted to the local currency before they can be withdrawn.
• Local bank fees : Some local banks may charge additional fees for receiving or processing wire transfers or other electronic transactions.

In fact, apart from IC Market, there are many brokers that do not offer deposit and withdrawal fees, so when choosing a broker, you are sure that the features, services and instruments offered are good. The only thing we can do is find the lowest possible cost.

When I found out that this article was about IC Markets, I was immediately interested in the topic. Even though I haven't tried trading for real, I often read articles about brokers and also tried trading with me on demos at IC Markets.

Actually, when I tried this broker's demo account, I was immediately impressed with its features and services. For novice traders IC Markets account structure is very attractive and easy to understand and they know very well that customer retention can be achieved through implementing low spread rates, availability of the latest trading technology, fast trade execution and high quality customer service. .
I'm actually still comfortable trying a demo account at this broker. The IC Markets demo account will not expire unless you are inactive for 30 days. This demo account gives you initial capital, but if I spend it, I can contact customer service to get the balance back. IC Markets offers the best support to help you get started.
after reading this article I wanted to try real trading at IC Market. I'm still confused, maybe because this is my first deposit to try real trading. I'm still afraid that my funds won't go into my account, even though I've put my trust in this broker.

Can any of you briefly describe deposits with debit or credit cards? How do I add my credit/debit card? please shorten it, guys, for fear of confusion... When depositing in this way, are there any fees charged by this broker?

Hamilton: The deposit option with Credit and Debit Cards is one of the deposit options that can be used for funding on the IC market. This broker has many funding options, but the most popular among traders are Credit and Debit Cards. If you wish to deposit via credit or debit card, for security reasons, we require a copy of the card. The card must be in your name and not past its expiration date.

• First login to your Secure Client Area and Transfer – Deposit Funds then 'Fund Now with Credit Card
• Select Add New Credit/Debit Card and enter the requested details. Upload a copy of the card and we'll approve it as fast as we can for you. We may accept scanned copies or photos.

Once the card is approved, you can make instant deposits at any time. IC Markets does not charge any additional fees for deposits or withdrawals. However, please note that you may incur payment fees to and from the international banks involved. IC Markets does not bear or be liable for such bank fees.

Abhainn: In addition, we offer two copy trading services for social traders. IC Markets Education is known for providing excellent service to active traders, offering the lowest commissions on the market and superior quality of order execution. The broker also offers great passive income opportunities.
Copy trading is a service that allows you to automatically copy trading positions made by experienced traders. The way it works is by linking your account to the account of the veteran trader in question.

IC Markets is one such broker in this category that does not have its own copy trading platform. That is why the broker has partnered with leading social trading platform providers ZuluTrade and MyFxBook Autotrade. Through our partnership with ZuluTrade and MyFxBook Autotrade, IC Markets can show you how to find signal providers, copy trades and discuss key trading conditions.

Copying trades from ZuluTrade and MyFxBook Autotrade to your IC Markets account is very easy. Once you have decided on a signal provider, you must subscribe by clicking Follow on their profile. Once you have registered, your Trader's trades will be copied to your IC Markets account for a pre-set amount.

However, the trading conditions at ZuluTrade are not that great. In particular, only standard account types with an average spread of 1 pip can be used for copy trading. And the difference is a 1.5 pips increase. Therefore, the average exchange rate for EURUSD is 2.5 pips and it can be higher for other trading pairs.

Lalisa: IC Markets is one of only a few pure ECN brokers that novice traders can reach. While many other ECN brokers fail in providing education and analysis and often force traders to self-educate through third-party materials, IC Markets provides a full arsenal of study materials, independent market analysis, and Webinars to provide its users with a comprehensive education on Forex trading. IC Markets also supports the three best software options and 24/5 customer service.

For traders using algorithms or scalping strategies, IC Markets is a good choice as it has low trading costs, high leverage, fast connectivity, and huge liquidity.

Apart from that, from my opening point of view, this broker is also good for all traders. not only for beginners, but experienced traders are also definitely more comfortable with brokers who provide an easy, fast, and fully digitized account opening process. But unfortunately, the initial deposit is quite high, so if you are a novice trader who has limited funds, you will definitely think that the amount is too high.

Khalid:  IC Markets offers to trade in forex (currencies), CFDs (bonds, indices, commodities, cryptocurrencies), and futures. There are more than 2,000 different assets available. The condition is very good. In comparison, you can rarely find a cheaper and safer broker.

Cryptocurrencies are hyped now and you can trade them on IC Markets via CFDs 24 hours per week. You will pay no commissions and low spreads. The funny thing here is that it is cheaper to trade CFDs on IC Markets than it is to buy real currency on the exchange.

Several types of cryptocurrencies that are traded include Dash, Litecoin, Bitcoin, Ethereum, Bitcoin Cash, Ripple, and many others.

keep in mind that Crypto has high volatility and it is difficult to predict market movements, so you have to be careful when trading. My advice, if you want to open a position in crypto, for example, bitcoin, you can open a low position first to analyze the market.

For global traders who want to join the IC market, there is no need to worry because this broker has been regulated by the FSA (Financial Services Authority), so there is no need to worry because it is safe from all forms of money laundering.

@Leony:  Both Visa and Mastercard are accepted by IC Markets for depositing funds into your trading account. While the fees may vary depending on your location and the type of card you use, generally speaking, the fees for both Visa and Mastercard deposits are quite low.

However, it's worth noting that some banks or credit card issuers may charge additional fees for international transactions or for using a credit card for a cash advance. Therefore, it's a good idea to check with your bank or credit card company to see if they charge any additional fees before making a deposit with IC Markets. So, it is not about VISA or Mastercard but with the bank that issued the cards!

@Trini: Certainly! IC Markets does accept Malaysian banks for deposits and withdrawals. To securely add a credit or debit card, follow these steps:

• Log in to your IC Markets account.
• Navigate to the "Deposit Funds" section.
• Choose the "Credit/Debit Card" option.
• Enter your card details, including the card number, expiration date, and CVV.
• Input the desired deposit amount.
• Review the information and confirm the transaction.

To protect your personal and financial information during this process, consider the following precautions:

• Ensure you are using a secure and private internet connection.
• Verify that the IC Markets website has a valid SSL certificate (look for the padlock symbol in the address bar).
• Double-check the URL to ensure it is the official IC Markets website.
• Avoid sharing your login credentials or card details with anyone.
• Keep your computer and antivirus software up to date.
• Regularly monitor your account for any unauthorized activity.

By following these steps and taking necessary precautions, you can securely add your credit or debit card to your IC Markets account.

Hey, let me break down your queries. Generally, whether you can use different methods for deposits and withdrawals varies among brokers. Some allow flexibility, but with IC Markets, it's required to use the same payment method for both transactions.

As for payment methods, the choice between debit and credit cards hinges on personal preferences. Brokers commonly accept both. Debit cards link directly to your bank account, providing a straightforward way to fund your trading account with available funds. On the flip side, credit cards allow borrowing up to a credit limit. in my opinion, debit card option can be the best for trader. I mean by opting for debit ensures direct use of your funds without credit obligations.

Regarding security, reliable brokers like IC Markets typically have robust measures in place to protect sensitive information. For details on IC Markets' safety protocols, you can refer to this: [ All You Need to Know about IC Markets Withdrawal ].

Alright, so here's the lowdown on using credit cards versus debit cards for moving cash in and out of your IC Markets account. Both are pretty quick for deposits and usually won't slap you with extra charges, which is sweet. But when it comes to yanking your money out, there's a bit of a diff.

As I know, withdrawing dough to your credit card usually means the moolah goes right back to the same card you used to put it in. So, if you deposited with plastic, expect your withdrawals to hit that same plastic. But watch out, there might be a cap on how much you can withdraw back to your credit card, usually limited to what you initially put in. Now, if you're pulling out to a debit card, things might get a bit tricky. Your bank or card issuer might throw some rules your way, like daily withdrawal limits or nixing international transactions. And hey, don't forget to double-check that your card is legit and matches up with the deets you gave IC Markets, or you might hit a snag. So, while both cards are handy for moving money around, knowing the ins and outs of each can make your trading game smoother.

And one additional information here! You can read the details about the things that you need to watch when executing withdraw and deposit either in credit debit card, also other in here : Deposit and Withdrawal in Forex Brokers: 4 Things to Consider