We found 11 online brokers that are appropriate for Trading IC Markets Alternatives.
In this article, we will discuss the various processes through which an investor can make a withdrawal. Before we proceed, it is important to note that that IC Markets withdrawal is cheapest through PayPal.
However, many have raised concerns that they are not able to withdraw via PayPal. Unfortunately, this is true. IC Markets withdrawal through PayPal is only possible if the deposit was done through the platform. This is the same for Skrill and Neteller.
IC Markets allows a deposit of at least $200 or an equivalent amount using local currency through PayPal. After which, you can freely withdraw from IC Markets via PayPal for free. It is free to withdraw as PayPal charges nothing for withdrawing more than $200 to a bank account.
Meanwhile, let us take a look at two useful hacks of PayPal. If the money is withdrawn in local currency through PayPal, it is cheaper. This means that it is better to convert the USD into local currency on the IC Markets platform before withdrawing through PayPal.
Suppose a trader in Singapore needs to make a $1,500 IC Markets withdrawal, traders should convert the amount into SGD. The conversion rate is 1.361. This means that the platform will show a balance of 2041.5 SGD after conversion. This final sum can be withdrawn through PayPal and then to a local bank account without any extra charge.
The second hack assumes that IC Markets has a local currency balance. Suppose the same trader has 1,500SGD in it and he withdraws to PayPal for no extra charge. Similarly, when the money is transferred from PayPal to a bank account, there is no extra charge as the figure is more than $200.
In summary, IC Markets withdrawal is cheapest if the following two methods are followed:
However, what should you do if the conversion rate is low and your $1,500 is stuck in PayPal? To avoid forced conversion, you should deposit the funds back to IC Markets. There is no fee charged for this. After this, you can convert USD to SGD on the platform at a better rate and then withdraw the money via PayPal in local currency at no extra charge. Therefore, it is clear that IC Markets withdrawal via PayPal is the cheapest option.
If a Forex trader is looking for a commission discount on every trade, whether profit is made or loss is suffered, traders should sign up for the commission discount option on the IC Markets platform.
The cut off time for a withdrawal request is 12:00 AEST/AEDT. The request is processed on the same day if it is submitted before the mentioned time or else, on the next business day.
No extra charge is levied for depositing or withdrawing funds. However, traders need to look at the charges levied by the international banking institutions. A fee of 20 AUD or equivalent in local currency is levied for international bank wire transfer. The process takes about 14 days.
Credit/ Debit Card withdrawal is free and usually takes 3-5 business days, or sometimes even 10 days. However, it is to be noted that this withdrawal may not be available for all countries.
Also, it should be noted that withdrawal via Skrill, Neteller and PayPal is only possible if the fund is deposited through the same wallet. Safecharge withdrawal just reverts the deposited amount.
Withdrawal from IC Markets is cheapest via PayPal. In order to make full use of this benefit, we have listed two useful hacks to help traders save on withdrawal fees. However, the withdrawal volume needs to be more than $200 or equivalent in local currency. For those who want to withdraw less than $200, there will be withdrawal fees charged.
Before wrapping up, it is again important to mention that if the fund is not deposited through PayPal, the withdrawal will not be possible. This is the same for Skrill and Neteller wallets, which also charge no additional withdrawal fees.
Withdrawing to international banking institutions is expensive and not instant. It takes time, usually requiring around 14 days. On the other hand, withdrawing to a credit or debit card is free but the process takes three to five business days. Sometimes, this process might take up to 10 days depending on the bank that has issued the card. Therefore, withdrawal via PayPal is always recommended.
If you are researching IC Markets make sure to read through the below IC Markets related guides. You will find something useful.
If you are researching IC Markets make sure to read through the below IC Markets related guides. You will find something useful.
We've collected thousands of datapoints and written a guide to help you find the best IC Markets Withdrawal for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider the best IC Markets alternatives below.
There are a number of important factors to consider when picking an online IC Markets Alternatives trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top IC Markets Alternatives.
Compare IC Markets Alternatives min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are IC Markets alternatives. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more IC Markets alternatives that accept IC Markets alternatives clients
Broker |
IC Markets
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eToro
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Roboforex
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AvaTrade
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XTB
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Pepperstone
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XM
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FP Markets
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Trading212
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Plus500
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EasyMarkets
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
Min Deposit | 200 | 10 | 1 | 100 | No minimum deposit | 200 | 5 | 100 | 1 | 100 | 100 |
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Used By | 180,000+ | 27,000,000+ | 10,000+ | 300,000+ | 250,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,000,000+ | 15,500+ | 142,500+ |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with etoro |
Sign
Up with roboforex |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with fpmarkets |
Sign
Up with trading212 |
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Up with plus500 |
Sign
Up with easymarkets |
Risk Warning | Losses can exceed deposits | 68% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk |
Demo |
IC Markets Demo |
eToro Demo |
Roboforex Demo |
AvaTrade Demo |
XTB Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
easyMarkets Demo |
Excluded Countries | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, | US, JP | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | US, CA | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US |
You can compare IC Markets Alternatives ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top IC Markets Alternatives for 2022 article further below. You can see it now by clicking here
We have listed top IC Markets alternatives below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.