IC Markets Bonus Programs - TU Expert Review
IC Markets does not offer traditional deposit or welcome bonuses due to regulatory restrictions. However, traders under the FSA license can access theRaw Trader Plus rebate program, earning up to $2.50 per lot as cashback. Additionally, IC Markets provides free VPS hosting for eligible traders to enhance execution speed.
Bonus programs are a key consideration when traders pick a broker, as they provide extra benefits for traders of all levels. While IC Markets doesn’t advertise bonuses, it does offer specific rewards under certain conditions. For instance, traders under the FSA license can take advantage of the Raw Trader Plus rebate program, which provides cashback of up to $2.50 per lot.
As for IC Markets trading bonuses, the options are limited due to regulatory restrictions. However, the broker supports traders with features like free VPS hosting for those who qualify, improving their overall trading journey. By understanding the specific terms of IC Markets bonus programs, traders can take full advantage of these offers while deciding on the best broker for their needs.
Brief introduction of IC Markets
IC Markets is a reputable broker offering over 2,250 trading instruments, including Forex, stocks, commodities, and cryptocurrencies. It offers exceptionally fast execution speeds, as low as 40ms, and raw spreads starting from 0 pips, attracting many active traders looking for competitive conditions. The broker handles more than $29 billion in daily Forex trades and supports copy trading through platforms like ZuluTrade and cTrader Copy.
If you're looking for an IC Markets bonus for new traders, the broker doesn’t provide traditional bonuses due to regulatory restrictions. However, eligible traders may qualify for features such as rebates and free VPS hosting under its FSA license. Regulated by ASIC, CySEC, and FSA, IC Markets provides a safe and trusted platform for traders worldwide.
Brief introduction of IC Markets
| Trading platform: | MetaTrader 4, MetaTrader 5, TradingView and cTrader |
| Accounts: | Demo, Standard, Raw Spread and Islamic (Swap Free) |
| Account currency: | EUR, USD, GBP, CAD, AUD, HKD, NZD, CHF, SGD, and JPY |
| Replenishment/Withdrawal: | All countries: Wire transfers, Visa, Mastercard, Skrill, PayPal, Neteller, RapidPay, and Klarna;Restricted methods: UnionPay, POLI, Fasapay, BPAY, internet banking (Thailand and Vietnam), WebMoney, and Broker to Broker |
| Minimum deposit: | $200 |
| Leverage: | 1:500 (FSA);1:30 (ASIC and CySEC) |
| PAMM-accounts: | No |
| Min Order: | 0.01 |
| Spread: | Standard: 0.8 pips;Raw Spread: 0 pips; |
| Instruments: | Cryptos and Forex CFDs on indices, commodities, stocks, bonds, and futures |
| Margin Call/Stop Out: | 50%/100% |
| Liquidity provider: | Westpac and National Australia Bank |
| Mobile trading: | Yes |
| Affiliate program: | Yes |
| Orders execution: | Market |
| Trading features: | Scalping and expert advisors;Maximum number of orders is 200 for MT4/MT5; and 2,000 for cTrader. |
| Contests and bonuses: | Rebates for the Global division;Free VPS. |
IC Markets pros and cons
While IC Markets does not offer a broker bonus due to regulatory restrictions, traders under FSA regulation can still benefit from the Raw Trader Plus rebate program. This program allows eligible traders to earn up to $2.50 per closed lot, providing a valuable incentive for frequent trading.
In addition to the rebate program, IC Markets offers free VPS hosting to eligible clients, enhancing trade execution speeds. These benefits make IC Markets an attractive option for high-volume and algorithmic traders.
👍 Advantages of Broker:
• Availability of three licenses;
• Wide range of assets;
• Standard and ECN account types for trading on different platforms;
• Mobile apps for Android and iOS-based devices;
• Scalping, hedging, and algorithmic trading are allowed;
• Minimum delay when executing orders and ultra-fast market execution;
• Competitive trading fees;
• Wide choice of social trading and copy trading platforms;
• 24/7 support via live chat;
• Demo accounts on MT4, MT5, and cTrader;
• Swap-free accounts are available for Muslim traders.
👎 Disadvantages of Broker:
• Education materials available on the website are not very informative or diverse;
• Rebates are available outside Australia and the European Economic Area;
• Not all clients are equally protected since compensation for investment is subject to the trader's country of residence.
What kind of bonuses are there?
Currently, IC Markets does not offer a welcome bonus due to regulatory restrictions. However, traders operating under FSA regulation can still benefit from rebates provided through the Raw Trader Plus program, which helps reduce trading costs.
Also IC Markets does not provide a no deposit bonus. This means traders must fund their accounts to start trading, as the broker does not provide free trading credits or promotional funds. Instead, IC Markets focuses on offering competitive spreads, fast execution speeds, and institutional-grade liquidity to enhance the trading experience. Traders should carefully consider their capital before depositing and trading in live markets.
While an IC Markets deposit bonus is not available, the broker offers perks like free VPS hosting to enhance trade execution and performance. These include free VPS hosting for low-latency trading, raw spreads starting from 0.0 pips, deep liquidity, and access to advanced trading platforms like MetaTrader 4, MetaTrader 5, and cTrader.
Although there is no IC Markets referral bonus at the moment, the broker’s affiliate program enables partners to earn commissions based on the trading volume of referred clients. This program provides an alternative way for traders and partners to generate additional income.
The main types of bonuses are:
Welcome Bonus. Traders can receive additional funds for registration and for making the first deposit.
No Deposit Bonus. Brokers provide this kind of reward to the clients for just registration.
Deposit Bonus. This is a reward for each deposit made to the account.
Also, brokers may hold various promotions and prize draws that are valid for a specific period of time. In addition, some companies hold competitions among traders with a certain prize pool.
Bonuses paid by the broker
While traditional IC Markets bonus programs like deposit or no-deposit bonuses are not available due to regulatory restrictions, traders can still benefit from rebate incentives. The Raw Trader Plus program provides cashback on trading activity, making it an attractive option for active traders. Additionally, IC Markets offers free VPS hosting, enhancing execution speed for traders who meet specific volume requirements.
IC Markets Global licensed by FSA offers the Raw Trader Plus rebate program, under which traders can receive compensation of $1.50, $2.25, or $2.50 for every closed lot.
Brokers similar to IC Markets
When choosing a broker, many traders look for bonuses as part of the deal. While IC Markets, as a broker, does not offer bonus programs due to regulatory restrictions, it compensates for this with its other benefits. For instance, the Raw Trader Plus rebate program provides cashback on each closed lot, and raw spreads start from as low as 0 pips. These advantages make IC Markets highly competitive and well-suited for experienced and high-volume traders.
Comparison of IC Markets with other brokers
| Broker | IC Markets | Eightcap | RoboForex | Exness | 4XC |
|---|---|---|---|---|---|
| Trading platform | MT4, cTrader, MT5, TradingView | MT4, MT5, TradingView | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT5, MT4, WebTrader |
| Min deposit | $200 | $100 | $10 | $10 | $50 |
| Leverage | From 1:1to 1:500 | From 1:30to 1:500 | From 1:1to 1:2000 | From 1:1to 1:2000 | From 1:1to 1:500 |
| Trust management | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | 10.00%% | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0 points | From 0 points |
| Level of margin call/stop out | No | No | No | No | No |
| Execution of orders | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | $50 |
| Cent accounts | No | No | Yes | Yes | No |
IC Markets
IC Markets Trading Company is a great broker for scalping enthusiasts, automated trading lovers, and beginner traders. These features make IC Markets trading bonuses less about promotions and more about useful perks. For traders who value low spreads, quick execution, and cost-saving options, IC Markets remains a trusted option.
Eightcap
Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold. In addition to comfortable conditions and low financial costs, traders get free educational materials and special services for technical analysis. Some solutions, like Capitalise.ai, have no constructive counterparts. A relative disadvantage is the absence of opportunities for passive income. Also, the broker works only with CFDs, so other groups of trading instruments are not available.
RoboForex
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Exness
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
4XC
The broker is suitable for traders with a basic trading experience, who are prepared to start trading on a real account right away.
While IC Markets doesn’t focus much on trading bonuses due to regulatory restrictions, it offers practical benefits for traders. For instance, the Raw Trader Plus rebate program gives cashback on closed lots, helping traders cut down on costs. Eligible traders can also access free VPS hosting, helping them execute trades faster and improving automated trading strategies.
Comparison of bonus programs of brokers similar to IC Markets
Many brokers have bonus programs, not only IC Markets. You can choose the most suitable option, depending on your trading experience and needs. Traders Union analysts have prepared a comparison of bonus programs of IC Markets and similar companies.
Comparison of bonus programs of IC Markets and similar companies
| Bonus type | IC Markets | Eightcap | RoboForex | Exness | 4XC |
|---|---|---|---|---|---|
| Bonuses | Not offered | If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus | Welcome bonus $30 Classic first deposit bonus up to 120% | Not offered | No |
| Affiliate Program | % of trading commissions | You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD | Up to 40% of trading commissions | 40% of trading commissions | No |
| Other | No | No | No | No | No |
IC Markets bonus withdrawal: How to access your rewards?
While IC Markets bonus programs do not include deposit or no-deposit bonuses, traders can still benefit from offers like the Raw Trader Plus rebate program. Available under the FSA license, this program allows active traders to earn $2.50 per closed lot as cashback.
If you're curious about the IC Markets bonus withdrawal, the cashback from the Raw Trader Plus program is added straight to your account. You can use these funds for trading or withdraw them, making it a convenient option for traders who value flexibility.
Step-by-step guide to IC Markets bonus withdrawal:
Check eligibility. Ensure you are trading under the IC Markets Global (FSA) license, as bonuses are not available under ASIC and CySEC regulations.
Earn rebates. Participate in the Raw Trader Plus program, where cashback is credited based on trading volume. The more lots you trade, the higher your rebate.
Verify your trading account. Make sure your account is fully verified with IC Markets to avoid withdrawal delays. This includes submitting identity and address verification documents.
Withdraw your rebates. Once your rebates are credited to your trading account, you can withdraw them like regular funds. Supported withdrawal methods include bank transfers, e-wallets (Skrill, Neteller, PayPal), and credit/debit cards.
Processing time. Withdrawal requests are usually processed within 1-2 business days, depending on the selected payment method.
Although IC Markets bonus withdrawal does not apply to traditional deposit bonuses, the rebate program allows traders to reduce trading costs and withdraw earned cashback effortlessly.
Conclusion
Due to ASIC and CySEC regulations, IC Markets offers fewer bonuses, but traders under FSA regulation can still take advantage of the Raw Trader Plus rebate program. This program helps active traders save money by providing cashback of up to $2.50 per closed lot.
Although IC Markets broker bonus options are less extensive than some other brokers, they offer valuable perks like free VPS hosting. This is great for algorithmic traders and scalpers needing stable connections. These features make IC Markets bonus programs a good choice for traders looking to save on expenses while enjoying high-quality trading conditions.
FAQs
What do I need to take notice of when choosing a broker?
When choosing a broker, consider the conditions the broker offers. They may turn out to be unacceptable. Also assess the size of the bonus and the rules for its withdrawal.
Is it possible to withdraw bonus money?
It depends on the conditions of the broker. Some brokers allow traders to do it under certain conditions, and some allow to use the bonus only for trading, while also allowing to withdraw only profit earned with the use of bonuses.
Can I refuse to accept a bonus?
Yes. Refusing a bonus is a trader’s right. If the conditions are unacceptable for you, there is no sense in agreeing to them.
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Team that worked on the article
Rinat Gismatullin is an entrepreneur and a business expert with 9 years of experience in trading. He focuses on long-term investing, but also uses intraday trading. He is a private consultant on investing in digital assets and personal finance. Rinat holds two degrees in Economy and Linguistics.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).