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IC Markets minimum deposit is extremely low, making this broker platform viral among the new traders. Yes, you heard it right! Its minimum deposit is $200, which is exciting for the new traders to start trading with.
Not just the minimum deposit, but IC Markets is a regulated broker platform that is excellent in its high spreads and leverage ratio, making it worth considering for trading. Let’s dive into more discussion about IC Markets minimum deposit and how to open an account with this broker platform.
Introduction on IC Markets minimum deposits
Officially, the requirement of minimum deposit at IC Markets is $200. This minimum deposit amount is the same for all trading account types and all payment methods. An extra fee is applied to the process of currency conversion related to base currencies.
| Minimum deposit | $200 |
| Fees for Withdrawal | None |
| Fees for Deposit | None |
| Account Base Currencies | USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD |
Which IC Markets accept base currencies?
As a reliable broker, IC Markets offers several base currencies with which you can begin trading. These base currencies will stay the same no matter which regulatory authority you are working with and where you live.
The few base currencies available in IC Markets are GBP, USD, AUD, SGD, EUR, CHF, HKD, JPY, NZF, and Canadian Dollar.
If you are using any currency not supported by IC Markets, a conversion fee is charged to convert that currency for trading.
IC Markets payment methods
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ICM Markets offers multiple deposit methods to choose from when it comes to depositing money. The selection of the payment method hence depends on the customer’s preferences.
The deposit can be made through the Domestic Wire system, which requires 1 working day. Any deposit which is made through debit or credit card will require 4-5 working days. IC Markets accept payments from different countries
Few primary payment methods available at IC Markets are:
- PayPal
- A debit card or credit card
- Thai Internet Banking
- Skrill
- Neteller
- Klarna
- Rapid transfer
- Domestic Wire transfer
- Vietnamese Internet Banking
Comparison of IC Markets Minimum Deposit with Other Brokers
Comparison table of IC Markets minimum deposit with other brokers is discussed in detail below:
| Features | IC Markets | IG Markets | Plus500 |
| Minimum deposit | $200 | $250 | $100 |
| Credit Card | Available | Available | Available |
| PayPal | Available | Available | Available |
| Wire Transfer | Available | Available | Available |
| Account Currencies | USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD | EUR, GBP & USD | USD, EUR, AUD, ZAR & GBP |
Does IC Markets charge any deposit fee?
When it comes to withdrawing or depositing, IC Markets does not charge any fees. In addition, the third party charges only a small fee during currency conversion, which the IC Markets broker platform does not support.
Does IC Markets offer any deposit bonus?
IC Markets is not available with any deposit bonus or welcome bonus for its existing or new customers. However, with time, it might be possible that some new bonuses are introduced.
Different types of trading accounts at IC Markets
IC Markets is available with three main types of accounts for trading, namely:
- Standard account
- Raw account
- cTrader Raw account
Let’s discuss each one of these accounts in detail below:
1. Standard account
There is no commission on a standard account, but there is a small spread fee. MetaTrader 4 and MetaTrader 5 platforms are part of this account, which is excellent for beginners to start trading with.
The spread starts from 1.0 pip. It generally works as the STP account.
2. Raw Spread Account
Secondly, we have a raw spread account in which a commission of $ 3.50 per lot traded is included. Again, MetaTrader 4, as well as MetaTrader 5 platforms, are part of this account.
Due to its non-existent spread, this account even allows traders to develop some scalping strategies. In comparison with the standard account, it is an ideal account due to its lower fees.
3. cTrader Raw Account
Last but not least, we have cTrader raw accounts, which come with the lowest commission of +$ 3.00 per lot traded. This account is also has a C #programming language, which is excellent for beginners and advanced users.
Why is using a free demo account helpful?
In case you are new to IC Markets and have not yet started trading, signing up for their demo account is the best option for you. This account is free, and you need to fill an online application form to open your demo account.
Being a risk-free platform, users can look into some trading strategies and test all the features of IC Markets through a demo account.
The demo account can also be tested on the MetaTrader 4, MetaTrader 5, and cTrader platforms, supported through multiple devices and mobile apps.
To start trading with IC Markets, you can choose from a variety of trading instruments and products. This includes stocks, commodities, indices, bonds, and futures. Users can also trade raw pricing with an average EUR/USD spread of around 0.1 pips with a live account.
Why choose IC Markets?
- Regulated in Seychelles and Australia
- Available with demo account free of cost
- Minimum deposit of $ 200
- Various deposit methods
- Have no hidden fees
- Offer more than 200 markets to start trading with
- Leverage of up to 1:500
- Spread starts from 0.0 pips
- Fastest execution with high liquidity
- Support of customer help 24/7
Bottom line
IC Markets is a trustworthy international trading platform that is equally beneficial for both experienced and new traders. This broker platform offers various account types to start their trading process smoothly, even with a low minimum deposit.
IC Markets’ platform is an excellent way for new brokers to learn something new about the trading market. Visit the official site of IC Markets right now and open your trading account.
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