Deposit in IC Markets is easy, as it offers more than 16 flexible financing options in 10 different base currencies. Deposit instantly and for free using a variety of methods.
In this article, we will discuss the steps required to make a deposit in IC Markets. We will also look at the different payment methods available and the fees associated with them.
With this information, you will be able to make informed decisions on how to deposit funds into your IC Markets account.
The minimum initial deposit at IC Markets is $ 200, which means that you must first transfer this amount to your brokerage account from your bank account to start trading. This initial deposit of $ 200 is only required when creating a new account, the following deposits can be of the amount you want.
IC Markets does not charge any additional fees for deposits or withdrawals. However, you should keep in mind that you may incur fees on payments to and from some international banking institutions.
Process the deposit in IC Markets
From your secure Client Area, you can fund your account in real time using the payment method that best suits you. Deposit in IC Markets instantly and for free using a variety of methods.
Security of funds deposited in IC Markets
When financing your trading account, the money is kept in trust accounts of segregated clients in National Australia Bank (NAB) and Westpac Banking Corporation (Westpac), both are Australian banks rated AA.
Electronic payments are processed using SSL (Secure Socket Layer) technology and encrypted to ensure security. All payment information is confidential and is used only for the purpose of financing your trading account with IC Markets.
Bank fees for deposits with IC Markets
IC Markets does not charge any additional fees for deposits or withdrawals. You should however be aware that you may incur fees on payments to and from some international banking institutions. IC Markets accepts no responsibility for any such bank fees.
Third Party Payments
IC Markets does not accept payments from third parties. Please ensure that the all deposits into your trading account come from a bank account in your name. Payments from Joint Bank Accounts / Credit Cards are accepted if the trading account holder is one on the parties on the Bank Account / Credit Card.
Steps to deposit in IC Markets
The specific process of sending your deposit to IC Markets may vary slightly from the following, but generally the process involves the following steps:
Step 1: Open your broker account
At IC Markets, you can open your business account online. To open an account, you must provide your personal information, such as your date of birth or employment status, and there is usually also proof of your financial knowledge.
The last step to open the account is the verification of your identity and residence. For this verification, you should generally upload a copy of your identification card and a document that validates your proof of residence, for example, a bank statement. You can find more information here.
Step 2: Make the deposit
You must first log in to your already opened business account and look for the deposit interface. After this, select one of the deposit methods that the broker admits, enter the deposit amount and make the deposit.
Step 3: Review your transaction
Depending on the method you choose, it may take a couple of days for your deposit to appear in your brokerage account. When it happens, brokers generally send you an email to confirm receipt of the deposit.
Trade Responsibly: Derivative products are highly leveraged, carry a high level of risk and are not suitable for all investors.