Is IC Markets free?

IC Markets does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with IC Markets though, then you will find the fees they charge below.

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IC Markets fees
Overview of IC Markets fees and charges

It's safe to say that IC Markets's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of IC Markets's fees

IC Markets Fees snapshot
Assets Fee level Fee terms
US stock fee - Not available
EURUSD fee Low MetaTrader 4 Raw account pricing: $3.5 per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
US mutual fund fees - Not available
Inactivity fee Low No inactivity fee

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IC Markets fees
IC Markets fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare IC Markets fees with its closest competitors, Pepperstone and Vantage FX.

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IC Markets fees
IC Markets trading fees

IC Markets's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at IC Markets.

Trading fees

IC Markets's trading fees are low.

Forex fees

IC Markets's forex fees are low.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
IC Markets Pepperstone Vantage FX
EURUSD benchmark fee $6.9 $6.9 $6.0
EURGBP benchmark fee $7.5 $8.5 $7.5

CFD fees

IC Markets has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
IC Markets Pepperstone Vantage FX
Apple CFD $0.5 $0.5 $6.2
Vodafone CFD - - $13.3
Germany - - -

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IC Markets fees
IC Markets non-trading fees

When it comes to non-trading fees, IC Markets is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at IC Markets that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how IC Markets stacks up in terms of non-trading fees
IC Markets Pepperstone Vantage FX
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

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IC Markets fees
IC Markets deposit fee

Usually, brokers don't charge anything for deposits, and IC Markets is no different.

IC Markets deposit methods
IC Markets Pepperstone Vantage FX
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Deposit fee $0 $0 $0

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73% of retail CFD accounts lose money

IC Markets fees
IC Markets withdrawal fee

IC Markets generally doesn't charge a withdrawal fee.

IC Markets withdrawal fees and options compared
IC Markets Pepperstone Vantage FX
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee for bank transfer $0 $0 $0

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73% of retail CFD accounts lose money

IC Markets fees
IC Markets inactivity fee

IC Markets does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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73% of retail CFD accounts lose money

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

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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