IC Markets Funding and Withdrawal Review
If you are interested in investing and trading in IC Markets, you must take the time to learn how to do so correctly. This requires taking the time to learn about things such as how to fund the account, withdrawal methods, minimum deposits, and more. Moreover, relying on first-hand experience takes lots of time and effort from each individual. Nevertheless, taking the time to do some research before jumping on the platform can help make it a much simpler experience and can also help improve your chances of being successful. For your accessibility, the following is a closer look at IC Markets funding, withdrawal methods, currencies, speed, and fees.
IC Markets Funding Methods, Speed, and Fees
If you are interested in funding methods, speeds, and fees, the following chart will give you this information at a glance.
| Method | Speed | Fee | |
|---|---|---|---|
Bank cards |
Yes |
Instant |
No |
Wire transfer |
Yes |
2-5 Business Days |
No |
Payment services |
Yes: PayPal, Neteller, Skrill, UnionPay, Klarna, Vietnamese Internet Banking, Rapidpay, Thai Internet Banking, POLI, etc. |
Instant |
No |
Crypto |
No |
— |
— |
IC Markets Withdrawal Methods, Speed, and Fees
| Method | Speed | Fee | |
|---|---|---|---|
Bank cards |
Yes |
Instant |
None |
Wire transfer |
Yes |
2-5 Business Days |
None |
Payment services |
Yes PayPal, Neteller, Skrill, UnionPay, Klarna, Vietnamese Internet Banking, Rapidpay, Thai Internet Banking, POLI, etc. |
Instant |
None |
Crypto |
No |
— |
— |
What is IC Markets Minimum Deposit and Withdrawal Amount?
The minimum deposit amount for IC Markets is $200. There is no minimum withdrawal amount. However, the company encourages clients to be mindful of bank fees when making withdrawals. Depending on the type and amount of a deposit or withdrawal amount, banking fees can often be higher than expected. To avoid surprises, make sure that you take the time to find out how much your fees will be.
What are IC Markets Deposit and Withdrawal Currencies?
When it comes to deposits and withdrawals, there are plenty of options. These options can include bank accounts, bank cards, wire transfers, etc. You can do so using the following:
AUD
USD
JPY
EUR
NZD
SGD
GBP
CAD
In other words, IC Markets accepts the major currencies in most of the areas it serves.
How to Deposit Money to IC Markets
If you are ready to make a deposit into IC Markets, just complete the following steps:
Create an Account: The first thing you need to do to fund your IC Markets account is to create an account. This requires taking the time to provide the platform with some personal details to prove your address and identity.
Go to the Home Page: The next step to take when funding your IC Markets account is to go to the home page. This is where you will find the ‘client login’ button. From there, you simply need to enter your credentials to gain access to the platform.
Select ‘Deposit’: Once you have gained access to your account, be sure to select ‘deposit’ to begin the funding process.
Decide how Much to Deposit: From there, you must decide how much you wish to deposit. The minimum deposit amount is at least $200. However, you can opt to use much more than that. Either way, be sure that you are not depositing more money than you can afford to lose. No matter how skilled you may be, there is always a possibility of losing all the money you deposit.
Make the Deposit: Lastly, you must choose your method of funding your account and make the actual deposit. This means you need to decide whether you want to use a bank card, bank account, general wire transfer, etc. Depending on your chosen method, you may be subjected to fees from your bank. Make sure you are taking the time to check with your bank to find out if you have fees. If so, make sure you factor in the fees as a part of the total costs of funding the account.
FAQ
Does IC Markets accept third-party payments?
No, IC Markets does not accept third-party payments. Therefore, all payments being made must come directly from your bank account. Payments made from joint accounts are also accepted.
Does IC Markets charge bank fees?
No, IC Markets does not charge bank fees. However, you may be subject to fees when you are transferring funds to and from international accounts. These fees are not at all affiliated with IC Markets.
Are the funds deposited on IC Markets considered secure?
Yes, funds deposited into the IC Markets platform are considered secure. These funds are held in a Segregated Client Trust Account at AA-rated Australian Banks. Additionally, electronic payments are encrypted to boost security and are processed via Secure Socket Layer (SSL). Also, all payment information is considered strictly confidential.
How many different base currencies do IC Markets accept to fund accounts?
IC Markets accepts ten different base currencies.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!