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If you are ready to open your live trading with IC Markets, having a bit of knowledge about the IC Markets bonus is extremely important. Getting some fantastic bonuses on any broker platform is a golden opportunity to boost your trading activities and trade at a high level.
IC Markets was established in 2009 and is a well-known trading platform. This platform offers more than 63 assets to start trading with under both MetaTrader 4 and MetaTrader 5 platforms. In addition, it generally offers some advanced features that are guaranteed to produce positive results for beginners and traders.
Does IC Markets offer a welcome, sign-up, or deposit bonus?
When registering a real account with IC Markets, traders are not eligible for any first-time welcome or deposit bonuses.
All brokers are offering bonuses to grab the attention of new customers and encourage them to perform some substantial trading activities. For example, with a welcome or deposit bonus, traders are guaranteed to get some small money back based on their initial deposit made.
However, IC Markets does not offer any rewards, bonuses, or promotions, which is disappointing for aspiring traders. It might even stop them from opening a real trading account.
But still, some new bonuses are in development stages which will be introduced very soon. For more updates, you can visit the official website.
Referral bonus by IC Markets
IC Markets is not offering any referral bonus to the existing or new traders who have registered their accounts with this platform.
A referral bonus is given to traders who have brought other customers to this platform and expanded their customer base. Before a user refers it to a friend or family member, a strict criterion must be followed to receive a referral bonus.
Few primary conditions are:
- The referral should register itself with the real account by using the referral link. This is how the registration is traced back to the trader.
- A referral bonus applies to the referral account and cannot be used for a demo account.
- A minimum deposit should be made by referring all to start their trading account.
- Referral bonuses can be used for a specific period which all traders can utilise. Once the duration ends, the bonus will expire automatically.
Deposits and withdrawals at IC Markets
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For opening an account with IC Markets, a minimum deposit of $200 is required. Various methods are available at this broker for a smooth deposit process.
There is no fee associated with withdrawals or deposits. But there are some extra charges, such as currency conversion or card transaction fees.
You can deposit your funds in just the base currencies which IC Markets support. The few base currencies available in IC Markets are GBP, USD, AUD, SGD, EUR, CHF, HKD, JPY, NZF, and Canadian Dollar.
About the payment methods, IC Markets offers various options so you can choose the one that fits your funding requirements. Each method has its duration to complete the deposit or withdrawal process. 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
Different account types available at IC Markets
IC Markets offers a variety of account types with varying requirements. Currently, this broker offers four types of accounts: demo account, standard live accounts, raw spread accounts, and cTrader raw spread accounts.
Let’s discuss each one of the accounts below:
1. Demo Account
A demo account is available to all beginners, which is free to sign up for. This account has no such time limits or restrictions for any user. Moreover, there are no fees associated with it.
For traders who are unfamiliar with the basic strategies, using a demo account is highly recommended. To learn more about the trading world, you can check educational guides or look at some materials.
2. Standard Account
Our next account is a standard account that is connected to the MetaTrader platform. With this account, you can start trading without any commission charges. Spread general begins from 0.1 pips and will vary based on the asset you are about to trade.
The standard account requires a minimum deposit of $200 with a leverage ratio of 1:500. As a result, this account is highly preferable for discretionary traders.
3. Raw Spread Account
The raw spread account is another popular account type on IC Markets. It offers the lowest spread, which starts from 0 pips. There is a commission fee of $3.5 per lot.
The minimum deposit requirement for the raw spread account is $200, with a leverage ratio of 1:500. Scalpers and EAs can use this account.
4. Raw Spread cTrader Account
Lastly, we have a raw spread cTrader account that is associated with the cTrader platform. A minimum deposit of $200 is required to open this account with a leverage ratio of 1:500. The commission is generally charged as $3.00 per lot.
For scalpers and day traders, the use of this account is highly preferred.
What is the stop-out in IC Markets?
If we talk about the stop-out, it is 50% on all accounts. So it means that if the free margin starts to dip below 50%, the account position will close automatically.
With the IC Markets, you can use the percentage stop, which will vary from one trader to another one, volatility stop, chart stop, and time stop. Selection of the stop loss is based on your personal preferences, level of experience, and trading method.
Bottom line
Throughout this discussion, it is very clear that IC Markets does not offer any bonuses to existing or new traders who open an account. In addition, there are no other rewards or promotions available.
Nevertheless, IC Markets offers some favourable conditions to have successful trading for both expert and beginner traders. So, are you ready to be one of them?
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