IC Markets Minimum Deposit Explained: How Much Do You Need to Start?

If you're wondering how much money you actually need to start trading with IC Markets, the short answer is: not much, and for most accounts, not any set amount at all. Here's exactly how the numbers break down, plus what to expect once you're ready to actually move money into your account.

Want a broader look at the broker before deciding? Check out this IC Markets review.

Minimum Deposit by Account Type

IC Markets doesn't apply a blanket minimum deposit across every account. It depends on which one you're opening:

For most traders, that means you can open a Standard or Raw Spread account and fund it with whatever amount actually makes sense for you, there's no artificial floor stopping you from starting small.

The higher tiers, Raw Pro and Raw Pro+, are built for traders already moving serious volume, which is why they come with steeper deposit requirements attached.

How You Can Actually Fund Your Account?

IC Markets supports more than 15 funding methods across 10 different base currencies, so there's a decent chance your preferred payment method is already covered. Options include:

• Credit and debit cards – instant processing
• PayPal, Neteller, and Skrill – instant processing
• Cryptocurrency (BTC, ETH, USDC, USDT) – instant processing
• Wire transfer – typically 2 to 5 business days
• Broker-to-broker transfers – typically 2 to 5 business days
• Regional options like UnionPay, Thai and Vietnamese internet banking, POLI, and Bpay, with processing times that vary by method

Base currencies include AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF, so you're not forced to convert everything into one specific currency just to get started.

Does IC Markets Charge Deposit Fees?

No, IC Markets doesn't add its own fee for depositing or withdrawing funds. That said, your bank or payment provider might apply their own charge on their end, particularly for international wire transfers, so it's worth checking with them directly if you want to avoid surprises.

A Few Rules Worth Knowing

• Deposits need to come from your own account. IC Markets doesn't accept third-party payments, so whatever bank account, card, or wallet you use to fund your trading account needs to be in your name. A joint account works too, as long as you're one of the named holders.
• Funds are held securely. Client money sits in segregated accounts with top-tier international banks, kept separate from IC Markets' own operating funds.
• Processing usually happens fast, but not always instantly. Even methods marked as instant can occasionally take up to an hour to reflect in your trading account, particularly during high-traffic periods.

Verifying Your Identity First

Before any deposit can actually be processed, you'll need to get through IC Markets' verification (KYC) step. This means submitting a government-issued ID, like a passport or driver's license, along with a proof of address document such as a recent utility bill or bank statement.

Most traders get through this within 24 hours, sometimes just a few minutes if your documents are clear and match your registration details exactly. It's worth doing this early, right after you register, rather than waiting until you're ready to deposit and trade.

Withdrawals Aren't Governed by the Same Rules

Depositing and withdrawing aren't mirror images of each other. Withdrawals typically carry their own minimum amount, generally somewhere in the $50 to $100 range depending on your account currency and the method you used to fund the account.

There's also a practical rule worth knowing: IC Markets usually sends withdrawals back through the same method you used to deposit, so if you funded your account by card, expect withdrawals to route back to that card rather than somewhere else entirely.

Watch Out for Bank Wire Costs

While IC Markets doesn't charge its own deposit or withdrawal fees, bank wires are the one method where a cost can sneak in from the other side. International wire transfers can carry a fee, sometimes around $20, charged by the bank itself rather than IC Markets.

If you're moving a large amount and want to avoid that, a card, e-wallet, or crypto transfer will usually save you the extra cost.

Matching Your Deposit to How You Actually Trade

Meeting the minimum deposit and depositing an amount that actually supports your trading plan are two very different things. A small deposit combined with tight position sizing and 1-2% risk per trade can hold up fine, but that same small deposit paired with oversized positions or frequent scalping can get wiped out fast, especially with margin working against you.

Before deciding on a number, it's worth roughly calculating how much capital your intended position sizes and stop-loss levels actually require, rather than just depositing whatever feels like a round number.

In Short

Getting started with IC Markets doesn't require a large upfront deposit unless you're specifically going after the Raw Pro or Raw Pro+ tiers. With over 15 funding methods, no deposit fees on IC's end, and mostly fast processing times, actually getting money into your account is the easy part, the real decision is just picking the account type that fits how you trade.

Questions People Usually Ask

How long does verification actually take?

Usually within 24 hours, sometimes much faster if your documents are clear and match your registration details. It's worth getting this done right after you sign up rather than waiting until you want to deposit.

Is there a minimum withdrawal amount?

Yes, typically somewhere between $50 and $100 depending on your account currency, separate from whatever minimum applies to deposits.

Will a bank wire cost me anything extra?

Possibly. International wire transfers can carry a fee from the bank itself, sometimes around $20, even though IC Markets doesn't charge one on its end.

What's the absolute cheapest way to start trading with IC Markets?

Open a Standard or Raw Spread account. Neither requires a minimum deposit, so you can start with whatever amount fits your budget.

Do I need $5,000 or more to trade seriously?

Not at all. Plenty of active traders stick with Raw Spread long-term. Raw Pro and Raw Pro+ only make sense once your trading volume is high enough to justify the lower per-lot commission.

How fast will my deposit actually show up?

Cards, e-wallets, and crypto are typically instant, though occasionally it can take up to an hour. Wire transfers and broker-to-broker payments take longer, usually a few business days.

Will I be charged for depositing money?

IC Markets itself doesn't charge deposit fees. Your bank or payment provider might, especially for international transfers, so it's worth confirming with them ahead of time.

Can someone else fund my account for me?

No. IC Markets requires deposits to come from an account in your own name, or a joint account where you're one of the holders.