IC Markets does not charge any deposit fees or withdrawal fees. IC Markets charges no inactivity fee.
IC Markets has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged from US Dollar 3.5 per standard lot turn using the Raw Spread Account.
IC Markets trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Raw Spread Account – a minimum initial deposit of US Dollar 200, spreads from 0.0 pips, leverage up to 1:500, commissions of US Dollar 3.5 per lot per side.
- cTrader Raw Spread Account – a minimum initial deposit of US Dollar 200, spreads from 0.0 pips, leverage up to 1:500, commissions of US Dollar 3 per USD 100k traded.
- Standard Account – a minimum initial deposit of US Dollar 200, spreads from 1.0 pips, leverage up to 1:500, zero commissions charged on trades.
The maximum leverage that retail traders qualify for is 1:500 despite the account the trader chooses.
The minimum deposit that IC Markets requires to open an account is US Dollar 200 which is average when compared to other brokers who offer similar trading conditions.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
IC Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law.
IC Markets does not offer traders spread betting and therefore spread betting fees do not apply to this broker.
IC Markets does not charge any deposit fees or withdrawal fees.
IC Markets does not waive any additional broker fees such as inactivity fees or fees about account maintenance and management.