How To Make Money On IC Markets: Full Guide
You can profit legally on the IC Market by trading and investing in assets such as stocks, CFDs, Forex, commodities, metals, etc. Additionally, you can earn money by joining the broker's affiliate program in partnership with them or by taking part in their contests.
When choosing a broker, verify if their investment options match your financial objectives. IC Markets is a fantastic investment platform for an aspiring trader who wishes to concentrate more on trading currency pairs, CFDs, and stocks due to its global mission to offer the best trading experience for institutional and retail clients. Reviews show they are legal and offer superior spreads, trade execution, and an intuitive interface. Hence, your concern should be how to make money in IC markets.
In this article, TU experts will show traders how to make money on the IC Markets platform.
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How does IC Markets make money?
IC Market makes money from spreads and fees it charges on some trading instruments. For standard accounts, IC Markets Global does not impose a commission; rather, they mark up the spread that liquidity providers provide.
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Can I deposit $100 on IC Markets?
When making your first deposit on IC Market as a new user, the minimum deposit is normally $200. However, it is unclear if you can deposit $100 later; you can contact customer service for a more precise response.
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How long does it take to get money from IC Markets?
The duration of the withdrawal process on IC Market varies based on the payment method you choose, but the IC Market process requests it within 24 hours, so it is the third party completing the order that might cause further delay. Certain electronic payment methods could take up to 24 hours, while others might take two to five business days.
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Can I trust IC Markets?
Indeed. IC Markets is a trustworthy broker with an overall trust score of 84 out of 99 on the TU ranking scoreboard. It is overseen by the Seychelles Financial Services Authority (FSA). The Cyprus Securities and Exchange Commission is a recognized regulatory body that oversees financial services companies in Cyprus, and this broker abides by its rules. In addition to adhering to stringent financial standards, such as capital adequacy and audit requirements, client funds are held in segregated client trust accounts with top International banks and IC Markets Global do not use these funds for any operational expenses or purposes.
Top ideas on how to make money on IC Markets
IC Markets is one of the well-known providers of Forex CFDs, providing trading options for scalpers, novice traders, and active day traders. You can engage in numerous tasks on the IC market platform to earn money. You can trade Forex, stocks, and commodity CFDs. While these are the main ways to make money in IC markets, options like affiliate marketing, copy trading, and bonuses are other ways to double your earnings in the IC market.
Let's briefly explain some of the options available for potential traders looking for a way to make money on the IC Markets platform.
Forex trading
Trading currency pairs is a popular way to make money on the IC Market platform. Although it is not the only option available, this is one of the simplest ways to learn how to make money in IC Markets. With the tools available on the IC Market for Forex trading, traders can succeed in the market if they use the best trading and risk management strategies. Long-term success in Forex trading depends on having a strong plan that includes your strategies and guidelines for risk management.
With a $200 minimum deposit, traders can start trading over 60 currency pairs, which include majors, minors, and exotics, with the tightest spread possible. The Forex market, which is the most liquid, is open twenty-four hours a day, five days a week. This allows traders to buy and sell whenever they want between Sunday and Friday nights, and the broker also permits the use of leverage.
Copy experienced traders with IC Social
A great way for prospective traders to make money on IC Markets is through copy trading, a subset of social trading. Investors and novices can emulate successful traders worldwide by using social trading platforms.
Due to its lack of a proprietary copy trading platform, IC Markets is a broker that has partnered with ZuluTrade and MyFxBook Autotrade, two of the leading providers of social trading platforms. Register on the ZuluTrade platform, then create an account on IC Markets and wait for your documentation to be validated. Proceed to obtain a document from the broker attesting to your agreement to the terms of trading and granting permission to link your account to the ZuluTrade software.
Investing in over 2,100+ stocks, bonds
IC Markets is renowned for providing active traders with top-notch services, including some of the lowest commissions available and superior order execution quality. The broker offers excellent opportunities for trading and stock investments. On the IC market trading platform, traders can trade over 2,100 stocks.
The IC Markets Global MetaTrader 5 platform provides cutting-edge features for both novice and seasoned traders who demand the best charting tools and execution quality.
Traders can open large trading positions using leverage (ranging from 1:1 to 1:500). You can use your Client Area to modify the leverage on your trading account. Higher leverage is an option for traders who want to optimize the performance of both their automated and manual trading strategies.
Affiliate program
Because more and more traders and investors lack the requisite skills, IC Markets offers an alternative method by which clients can earn without investing in or trading any of the tradable instruments. This method is known as the “IC Markets Partner Program," or IC Markets affiliate program, and traders make money by convincing other traders to open an account on the platform.
Partners can earn commissions through the Affiliate Program that are up to 50% of the earnings of customers they recommend to IC Markets. Unlimited commissions and no referral limits are the best trading conditions your clients can receive. This program allows you to charge your clients money by funding their accounts or maintaining fixed amounts in their trading accounts, among other things.
Bonuses
Another way for traders to profit on trading platforms is through bonuses, which they can use to begin trading and then cash out at a later time. While a welcome bonus is given to traders when they first register with a broker and locate their account, a no-deposit bonus is money that traders receive immediately upon completing their registration. Every time you make a deposit, you can get a deposit bonus.
Please take note that IC Markets does not offer any of these bonuses currently. However, their exceptional customer service offers a better trading experience, and traders receive a special minimum commission. In addition, Standard and Raw Spread account holders are eligible for complimentary VPS connections from the company. So traders will not feel the absence of bonus offers on this brokerage.
What is the minimum deposit on IC Markets?
To start active trading on the IC Market, you need to deposit at least $200. The amount in question is the minimal deposit required to begin trading or investing in any instrument on the IC Market. You contact customer care to learn about the possibility of depositing less than $200.
Is it possible to earn an extra $1,000 per month on IC Markets?
Yes. If you choose the right investment option and trade consistently using the right strategies, you can make up to $1,000 monthly. Ensure you know the instrument you are trading and the best time to trade it. For instance, you need to be aware of the Forex trading sessions and the pairs to trade in each one if you aim to trade currency pairs all month long and earn up to $1000. You must know the best times and days of the week to trade currency pairs. As a result, your chances of making up to $1,000 will vary based on your understanding of the financial market and experience.
Below are ways to make an extra $1000 on the IC Market platform.
For traders who might be trading with small capital, they can still include other programs like affiliate programs to add up to what they cash out from the brokerage at the end of the month.
Another way to make up to $1000 on IC Market is by subscribing to options like copy trading services. Assuming you can do your research and choose a reliable expert to copy their trades, copy trading can be an easy way to make money on the IC market (up to $1000).
Traders can take on larger positions by using higher leverage. It entails increasing the size of investments by utilizing more borrowed money and less of your own capital. Profits may increase as a result, but potential losses may also increase.
How to Choose the best way to make money on IC Markets
Every trader's ideal strategy for profiting on the IC market should align with their financial capabilities, investment inclinations, and time horizon. Before making any investments, you should research the investment options on the IC Market, ascertain the cost, and estimate the time required to complete the necessary tasks. Be sure to thoroughly examine the subtleties of each investment opportunity, as they all have advantages and disadvantages or risks.
Spend time learning about financial markets and how to develop trading strategies if you plan to invest in or trade Forex, commodities, stocks, and other assets. When you are ready to go live, practice your trading tactics and ideas virtually with a demo trading account, which you should use for education after finishing the free trading course. Before you invest, consider your financial situation and risk tolerance.
Whichever trading style — day, swing, or long-term investing — you decide on should depend on your personality and level of time commitment if you plan to trade stocks or currency pairs. Use prudent risk management techniques and exercise caution when using leverage, as it can magnify gains as well as losses.
Does IC Markets pay out profits?
IC Market is among the legal brokers that pay out profits from trades executed on verified accounts using payment options like PayPal, Skrill, Neteller, credit and debit cards, and bank transfers. This broker is regulated by respectable regulators like the Australian Securities and Investments Commission (ASIC).
While there is a $200 minimum deposit, there is no minimum amount for withdrawals. The ideal time to withdraw money from the IC market might be anywhere from 1 to 5 days, but if you use a credit or debit card or bank transfer, it might take 3 to 5 business days for the money to get to your bank account. International bank wire transfers may incur additional beneficiary and intermediary fees and take up to 14 days. When withdrawing money, traders should always be aware of bank fees.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.