IC Markets is a popular Australian broker that offers a range of trading platforms and a wide range of assets to trade. Its deposit and withdrawal options are great, and most are free of charge.
IC Markets provides several deposit and withdrawal methods that are easy to use and can be done in multiple currencies. It also offers a wide variety of instruments and a comprehensive education section.
Deposit Options
When you’re ready to make a deposit, you must be aware of all the available options. IC Markets offers multiple methods for depositing funds, including credit/debit cards, bank transfers, and more.
Moreover, you can choose to use PayPal, Neteller, Skrill, UnionPay, Bpay, FasaPay, POLI, Rapidpay, and Klarna for withdrawal. However, it would be best to remember that these options are only available to the account you funded with them.
Furthermore, you should note that withdrawals are usually not instant. Instead, they will take about 1 – 5 working days to be processed.
IC Markets offers a more significant than average number of base currencies, with clients able to choose from 10 currency options. This makes them a good choice for traders who want to be able to deposit and withdraw in their base currency. Despite this, it’s still best to use your bank or a digital bank that supports multiple currencies. Otherwise, you may end up paying high conversion fees.
Withdrawal Options
IC Markets supports various withdrawal methods, including bank transfers and credit cards. For some traders, e-wallets such as PayPal and Neteller are the most convenient way to withdraw money.
Unfortunately, these options aren’t as fast as a bank wire transfer. In addition, they may charge a fee, so you should always check the prices before withdrawing.
To make a withdrawal, you should log into your Secure Client Area and follow the instructions to complete the process. Depending on your chosen method, the withdrawal process will take one to five business days.
You can withdraw your funds using bank/wire transfers, credit or debit cards, PayPal, Skrill, Neteller, UnionPay, Bpay, FasaPay, POLI, Rapidpay, Klarna, or Bitcoin wallet. The best part is that IC Markets doesn’t charge any withdrawal fees. However, you should know that international bank wire transfers might incur additional intermediary and beneficiary fees.
Fees
IC Market’s deposit and withdrawal methods don’t charge fees for traders. This is a huge benefit for traders since most brokers set a minimum amount for withdrawals which can be prohibitively high.
Traders can withdraw their funds using different methods such as bank transfer, credit/debit card, and PayPal. It is important to note that the money can take up to a few days to reflect in your account.
Another option is to use an electronic wallet such as Skrill, Neteller, Unionpay, or Bpay. Withdrawals through these options are fast and secure.
Withdrawal requests are processed on the same day if received before noon AEST/AEDT; otherwise, the following business day. It can take up to seven business days for funds to arrive, depending on the payment processor.
Customer Service
The IC Markets team is available around the clock to assist clients with their trading needs. They offer multilingual support and can be reached via email or telephone.
One of the most significant advantages of trading with IC Markets is their True ECN Connectivity which provides fast order execution and low latency due to the Equinix datacentres in New Jersey and London. This is used by many large institutions on Wall Street, ensuring a rapid response to market movements.
IC Markets also offers a plethora of funding methods. These include bank wires, credit/debit cards, PayPal, Neteller, Skrill, Union Pay, BPay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, and Klarna.
Traders can make deposits and withdrawals in 10 base currencies. The processing time varies according to the payment method, and the base currency is chosen. Generally, debit/credit cards can be processed instantly, while bank wire transfers take a few days.