IC Markets Deposit and Withdrawal In Detail | $0 Deposit Fees

Introduction

IC Markets is a leading forex and CFD broker founded in Sydney in 2007. It has a number of offerings of investments like stock indices, crypto currencies, commodities, bonds, and equity markets.

Account Currencies

The IC Markets account has 10 base currencies which are AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, and CHF.

Notes:

• You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
• If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

IC Markets does provide a variety of options for depositing money like:

• Visa
• Mastercard
• Paypal
• Paysafe (formerly Skrill)
• Neteller
• Neteller VIP
• UnionPay
• Wire Transfer
• Bpay
• FasaPay
• Broker to Broker
• Poli
• Thai Internet Banking
• RapidPay
• Clarna
• Vietnamese Internet Banking

Fees

IC Markets does not charge any deposit fees except for the bank transfers according to the bank’s policy itself.

Time

Depositing in IC Markets is instant most of the time, and has a fast transfer time on all of the payment methods generally.

Withdrawal

IC Markets has several withdrawal options like credit/ debit cards, bank transfers, and electronic wallets.

IC Markets withdrawal methods and fees

Fees

IC Markets does not charge any withdrawal fees on all payment methods except for the international bank transfers that have quite high fees of 20 AUD.

Note:

For the Australian residents, there’s no withdrawal fees on all options.

Time

The withdrawal in IC Markets does not take much time and happens instantly. For bank transfers, the transfer happens within 2 business days.

Note:

For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

FAQs

1. How long does it take to verify my account?

• It takes about 1 business day or less to verify your IC Markets account.

1. Does IC Markets give a bonus?

• Unfortunately, IC Markets does not offer any deposit bonuses.

1. Where is my money held?

• IC Markets hold your money in segregated client trusted accounts at Westpac Banking Corporation and National Australia Bank (NAB).

1. What happens to my funds if the bank which holds my funds goes insolvent?

• IC Markets holds client’s money in segregated client trust accounts across multiple banks to reduce the credit risk and counterparty exposure.

1. Is my credit card information safe with IC Markets?

• IC Markets takes the matter of your personal information -including your credit card information- seriously. It has in place policies and procedures to safeguard these information.

1. How to enable the swap-free option in my account?

• For islamic traders, they can choose to open a swap-free account during the registration process. In case if you did not choose the islamic account option during the registration process, you can send an email to support@icmarkets.com.

1. When trading forex, will you lose more than your initial deposit?

• Both our MetaTrader 4 and cTrader platforms are set to automatically close your positions when your margin requirement reaches 100% (stop out level).
• Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.

1. Does IC Markets accept payments from third parties?

• No, as all deposits into your trading account must come from a bank account in your name.