IC Markets Fees and Commissions Revealed

Pros

Cons

  • Low commissions
  • Low forex fees
  • Competitive non-trading fee
  • High CFD 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.

Commissions

IC Markets fees may vary from account type to another. Please read the following sections for more information.

IC Markets’ commissions for forex and other trading fees are low when compared to other competitors. On the other hand, the CFD fees are relatively high.

Trading Fees

Forex

IC Markets charges an average spread of 0.1 pips.

CFD Fees

IC Markets charges a fee of $1.7 for $2,000 and a long position held for one week.

CFD indices

IC Markets does not charge any additional fees or commission for CFD indices trading.

Transfers between accounts

IC Markets does not charge a fee when you transfer money between your trading accounts.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

  • Account fee: $0
  • Deposit fees: $0
  • Withdrawal fees: $0
  • Inactivity fee: $0

FAQs

  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. Can I login to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
  • Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does IC Markets accept payments from third parties?
  • No, as all deposits into your trading account must come from a bank account that has the same name of yours.

IC Markets Fees and Commissions Revealed

Rank (of 5): 4

Description:

IC Markets Fees and Commissions. Discover what the broker commissions applying for services: spreads, withdrawals, deposit, inactivity, and account fees.

Pros

Cons

  • Low commissions
  • Low forex fees
  • Competitive non-trading fee
  • High CFD 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.

Commissions

IC Markets fees may vary from account type to another. Please read the following sections for more information.

IC Markets’ commissions for forex and other trading fees are low when compared to other competitors. On the other hand, the CFD fees are relatively high.

Trading Fees

Forex

IC Markets charges an average spread of 0.1 pips.

CFD Fees

IC Markets charges a fee of $1.7 for $2,000 and a long position held for one week.

CFD indices

IC Markets does not charge any additional fees or commission for CFD indices trading.

Transfers between accounts

IC Markets does not charge a fee when you transfer money between your trading accounts.

Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

Non-Trading Fees

  • Account fee: $0
  • Deposit fees: $0
  • Withdrawal fees: $0
  • Inactivity fee: $0

FAQs

  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. Can I login to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
  • Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does IC Markets accept payments from third parties?
  • No, as all deposits into your trading account must come from a bank account that has the same name of yours.

 



Leave a Reply