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Why does IC Markets' minimum initial deposit be $200? I...

I Isreal Peeples Turkey May 30 2022

Why does IC Markets' minimum initial deposit be $200? I agree that this amount isn't too expensive but most brokers with similar specifications only charged $100 minimum deposits. Is this have something to do with the regulations? Also, does IC Market charge deposit fees and withdrawal fees as well? If yes then how much? This might seems to be a trivial matter but for me, it helps me reduce trading costs.

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