The IC Markets minimum deposit requirement is $200 USD or a currency equivalent. Read our full and up-to-date IC Markets broker review.
How to Make a Deposit with IC Markets
The secure and user-friendly IC Markets back office manages all financial transactions, which functions similarly to online banking. The name on the payment processor must match that of the IC Markets account. Traders may deposit via bank wires, PayPal, Neteller, Skrill, and several other alternatives. The IC Markets minimum deposit is $200, well above the minimum of any payment processors, so that is not an issue.
MinimumDeposit | IC Markets | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Commission-Free | $200 | $0 | $1 | $100 | $100 |
Commission-Based | $200 | $0 | $1 | $100 | $100 |
IC Markets Deposit Fees and Deposit Methods
IC Markets does not levy any deposit or currency conversion fees.
IC Markets deposit methods, processing times, and limitations:
Deposit Method | Processing Time | Deposit Currencies | Minimum Single Deposit | Maximum Single Deposit | WithdrawalOption |
|---|---|---|---|---|---|
Bank wires | 2 - 5 business days | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, and CHF | $200 | Undisclosed | Yes |
Credit/debit cards | Instant | AUD, USD, JPY, EUR, NZD, SGD, GBP, and CAD | $200 | Undisclosed | Yes |
PayPal | Instant | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, and CHF | $200 | Undisclosed | Yes |
Neteller & Neteller VIP | Instant | USD, AUD, GBP, EUR, CAD, SGD, and JPY | $200 | Undisclosed | Yes |
Skrill | Instant | AUD, USD, JPY, EUR, SGD, and GBP | $200 | Undisclosed | Yes |
UnionPay | Instant | RMB | $200 | Undisclosed | Yes |
BPay | 12 - 48 hours | AUD | $200 | Undisclosed | Yes |
Broker-to-Broker | 2 - 5 business days | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, and HKD | $200 | Undisclosed | Yes |
POLi | Instant | AUD | $200 | Undisclosed | Yes |
Thai Internet Banking | 15 - 30 minutes | USD | $200 | Undisclosed | Yes |
RapidPay | Up to 2 business days | EUR and GBP | $200 | Undisclosed | Yes |
Klarna | Up to 2 business days | EUR and GBP | $200 | Undisclosed | Yes |
Vietnamese Internet Banking | Instant | USD | $200 | Undisclosed | Yes |
Noteworthy:
- The name on the payment processor must match that of the IC Markets account.
IC Markets deposit methods vs. similar brokers
DepositMethods | IC Markets | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
Bank wires | Yes | Yes | Yes | Yes | Yes |
Credit/debitcards | Yes | Yes | Yes | Yes | Yes |
Skrill | Yes | Yes | Yes | Yes | Yes |
WebMoney | No | No | Yes | Yes | No |
ChinaUnionPay | Yes | Yes | No | Yes | No |
PerfectMoney | No | No | Yes | No | No |
Othere-wallets | Yes | Yes | Yes | Yes | Yes |
LocalizedMethods | Yes | Yes | Yes | No | No |
Crypto-currencies | No | Yes | Yes | No | No |
IC Markets Deposit Currencies
Traders must differentiate between the ‘base currency,’ the currency used as collateral in the trading account, and the ‘deposit currency,’ used for deposits through payment processors.
IC Markets supports the following deposit currencies:
- Australian Dollar
- US Dollar
- Japanese Yen
- Euro
- New Zealand Dollar
- Singapore Dollar
- British Pound
- Canadian Dollar
- Swiss Franc
- Hong Kong Dollar
IC Markets trading account currencies vs. similar brokers
AccountCurrencies | IC Markets | Axi | InstaForex | Tickmill | Admirals |
|---|---|---|---|---|---|
US Dollar | Yes | Yes | Yes | Yes | Yes |
Euro | Yes | Yes | Yes | Yes | Yes |
British Pound | Yes | Yes | No | Yes | Yes |
Swiss Franc | Yes | Yes | No | No | Yes |
AustralianDollar | Yes | Yes | No | No | No |
Others | Yes | Yes | Yes | No | Yes |
Total | 10 | 10 | 3 | 3 | 10 |
Steps for Sending the IC Markets Minimum Deposit
Depositing at IC Markets is straightforward and hassle-free. It starts with a verified account. Most traders will pass verification after sending a copy of a government-issued ID and one proof of residency document.
Here is a step-by-step guide to sending your IC Markets minimum deposit:
1. Log into your verified trading account and click “Deposit.”
2. Choose your desired payment processor, trading account, and intended deposit amount. Follow the on-screen instructions and click “Proceed.”
3. IC Markets will notify traders once it credits the deposit to the trading account.
IC Markets Minimum Deposit - Pros & Cons
Before considering making the IC Markets minimum deposit, traders should evaluate the pros and cons.
The pros of the IC Markets minimum deposits are:
- Ten account base currencies
- Thirteen payment processors
- No internal deposit fees
- Trusted broker with a clean record of operations
- Segregation of client deposits from corporate funds
The cons of the IC Markets minimum deposits are:
- No cryptocurrency deposits possible at this time
IC Markets Minimum Deposit Bottom Line
The IC Markets minimum deposit is only $200 USD with zero deposit or currency conversion fees. Traders get to from ten different account base currencies and thirteen payment processors, the majority with instant processing times, but check as some geographic restrictions apply. IC Markets offers bank wires, credit/debit cards, PayPal, Neteller & Neteller VIP, Skrill, UnionPay, BPay, Broker-to-Broker, POLi, Thai Internet Banking, RapidPay, Klarna, and Vietnamese Internet Banking as deposit methods. The IC Markets minimum deposit is $200 USD or a currency equivalent. No. IC Markets does not offer a no-deposit bonus.FAQs
What are IC Markets’ deposit methods?
What is the minimum deposit for trading with IC Markets?
Does IC Markets offer a no-deposit bonus?
