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 If the money is withdrawn in local currency through PayPal, it is cheaper.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 This final sum can be withdrawn through PayPal and then to a local bank account without any extra charge.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 have conducted extensive research and analysis on over multiple data points on IC Markets Withdrawal to present you with a comprehensive guide that can help you find the most suitable IC Markets Withdrawal. Below we shortlist what we think are the best IC Markets alternatives after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching IC Markets Withdrawal.
Selecting a reliable and reputable online IC Markets Alternatives trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade IC Markets Alternatives more confidently.
Selecting the right online IC Markets Alternatives trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for IC Markets alternatives trading, it's essential to compare the different options available to you. Our IC Markets alternatives brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a IC Markets alternatives broker that best suits your needs and preferences for IC Markets alternatives. Our IC Markets alternatives broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top IC Markets Alternatives.
Compare IC Markets alternatives brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a IC Markets alternatives broker, it's crucial to compare several factors to choose the right one for your IC Markets alternatives needs. Our comparison tool allows you to compare the essential features 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 | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) |
Min Deposit | 200 | 10 | 50 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | No minimum deposit | 100 |
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Used By | 200,000+ | 730,000+ | 35,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. | 76-83% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
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 2024 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. 51% 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.
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Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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