Traders Must Know About Withdrawal and Deposits At IC Markets
Payments and deposits at IC Markets work smoothly. The broker offers a total of 15 methods to utilize the account. The broker is surprised that it even offers Bitcoin and PayPal as payment methods. Real-time deposits are written but they depend on the payment methods. My payments are always confirmed and executed within 24 hours. Don’t forget to make sure that your account has been verified. You also need a minimum of $200 to open a deposit at IC Markets. In addition, you might want to visit http://www.vixbrokers.com/minimumdeposit/icmarkets.html to know more about this broker.
No hidden or fees. The broker does not charge any fees for your withdrawals and deposits. However, bank transfers can be expensive if your bank charges you for international transfers. Trading accounts at IC Markets can be used to trade AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, and CHF.
Credit card (master, VISA)
Electronic wallets (Skrill, Neteller, and others)
No hidden fees
How to make a withdrawal with IC Markets
IC Markets would like to use the same payment method for withdrawing funds as for your deposit. So if you have deposited funds by bank transfer, these funds will also be paid by bank transfer. Normally, there are no fees for withdrawals and deposits. However, in the case of an international wire transfer, the bank charges a fee of $20.
For withdrawals, the broker may request additional documents from you. For example, if you want to withdraw to a new bank account, IC Markets will ask for a bank statement to confirm the account. You will then be notified about this automatically. From my experience, withdrawals work smoothly. This was confirmed within hours.
Is there a “Balance Protection” negative?
Negative balance protection cannot be found at IC Markets. It just shows that it is a real ECN broker. Similar to futures trading, accounts can end up in very extreme situations in negative circumstances.
Usually, this is not the case if you use the balanced risk management and don’t overload your account with oversized positions. IC Markets automatically stops all positions with 50 margins Overstepping. Higher values can also be adjusted. So you won’t have to worry about protection under normal circumstances.