Here's how to deposit money to IC Markets

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It's great that you are looking for deposit options at IC Markets to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.

There are several ways to start your journey, let's walk through the options together!

To give you a brief summary: IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.

THE ESSENCE:

  • The minimum deposit at IC Markets is $200
  • IC Markets charges $0 for deposits
  • You can only deposit funds from accounts that are in your name
  • Visit IC Markets's page to start the process
  • IC Markets is a reliable broker regulated by at least one top-tier regulator

First, let's see if IC Markets is available in your country?

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74.32% of retail CFD accounts lose money

Disclaimer: 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

IC Markets minimum deposit
Is IC Markets safe?

To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.

IC Markets can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will be able to access your funds.

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74.32% of retail CFD accounts lose money

IC Markets minimum deposit
What is the minimum deposit at IC Markets?

At IC Markets, the minimum deposit amount is $200.

You can deposit less than $200, but you need at least $200 to start trading.

After you have completed the registration and verification process, you need to fund your account to start trading.

This is where you stand in your journey to your first trade at IC Markets

Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.

Also, at IC Markets, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.

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74.32% of retail CFD accounts lose money

IC Markets minimum deposit
What base currencies are available at IC Markets?

At IC Markets, the following base currencies are available: EUR, USD, GBP, AUD, SGD, NZD, JPY, CHF, HKD, CAD. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.

To avoid high conversion fees, consider opening a multi-currency account at a digital bank.

IC Markets minimum deposit
What deposit methods are available at IC Markets?

At IC Markets, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, Bitcoin wallet.

All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.

There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.

Also, at IC Markets you will only be able to withdraw money from your account with the same method as you funded it.

Deposit options IC Markets
Bank transfer Yes
Credit/Debit card Yes
Electronic wallet Yes

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74.32% of retail CFD accounts lose money

IC Markets minimum deposit
Is there any deposit fee at IC Markets?

The answer is no. No deposit fees will be applied at IC Markets.

This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.

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74.32% of retail CFD accounts lose money

IC Markets minimum deposit
How to deposit money to IC Markets account?

Here's a step-by-step guide:

  • Log in to your IC Markets trading account
  • Click 'Deposit' on the menu bar on the left
  • Select the deposit method you wish to fund your account with
  • If you have selected a credit card option:
    • Provide your card's information like Card number, Expiry date and CVC code
    • Provide the amount you would like to deposit to your IC Markets account
    • Click 'Proceed'
  • If you have selected Bank transfer:
    • Choose a currency in which you wish to fund your account. Preferably this should be your account's base currency
    • Then all the necessary details will be provided to you
    • Log into your personal bank account and start a wire transfer
  • If you have selected an Electronic Wallet:
    • Provide the amount you wish to deposit
    • Start the payment and log into your E-wallet account to confirm
  • You will most likely be listed multiple options for credit/debit card deposit and bank transfer as well. Each option is good, there are several bank transfer options for instance, because IC Markets has accounts at more than one bank, and here you can choose to which account you would like to transfer money to.
  • Provide the necessary information and click 'Proceed'
The interface to send the minimum deposit to IC Markets

If you get stuck during the process, you can always reach out to IC Markets's customer support. At IC Markets, customer support can be reached via live chat, phone and email.

IC Markets minimum deposit
Wrap-up

It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.

If you have a question or a suggestion, drop us an email to [email protected], and we will get back to you soon.

IC Markets minimum deposit
FAQ

What is the minimum deposit for IC Markets?

The minimum deposit for IC Markets is $200, or an equivalent amount in a different currency.

Can I deposit less than $200 on IC Markets?

Yes, you can deposit less than $200 on IC Markets, but you need at least $200 to be able to start trading.

How long does IC Markets deposit take?

Credit/debit card and e-wallet transfers are usually instantbank transfers may take 1-3 business days to arrive.

Can I trust IC Markets?

IC Markets is a trusted broker overseen by a top-tier regulator, the Australian Securities and Investments Commission (ASIC). It means that ASIC keeps an eye on the broker to stick to financial rules and be transparent.

Author of this article

Tamás Gyuriczki

Author of this article

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Tamás Gyuriczki

Junior Broker Analyst

Tamás holds a bachelor’s degree in Finance and Accounting and is now pursuing his Finance master’s degree. He joined BrokerChooser in 2021 and his goal is to help investors and traders find the best platforms suited for their needs. In his free time, he likes reading about economics and building his own portfolio.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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74.32% of retail CFD accounts lose money

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