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Account

IC Markets

Its trading costsPayout score
Show the maths

How this score is worked out

Cost of getting your money out
12 / 30

Advertised as free, but the broker's own client agreement reserves the right to charge where a deposit was not traded.

How fast it arrives
20 / 25

same day if requested before 12:00 AEST/AEDT, otherwise the following business day

Ways to withdraw
10 / 10

13 published methods.

Charges for leaving the account alone · not published
0 / 10

The broker publishes nothing either way.

Review signal
25 / 25

4.8 from 56,616 reviews.

Total
67 / 100

Charges for leaving the account alone scores zero because the firm publishes nothing we could read. Nothing is filled in with a guess.

This score is about getting paid, not about trading rules. It is never averaged into the Freedom Score: a firm can have the most generous rules on the board and still be the hardest place to get money out of.

  1. What does it cost to withdraw?No IC fee on deposits or withdrawals — but IC reserves a processing fee…Free, with a clause
    Source
    “IC does not charge additional fees for deposits and/or withdrawals. However, you should be aware that additional fees may occur at some banking institutions. IC is not responsible for any additional bank charges.”
    Withdrawal
    “Funds in your trading account(s) are intended solely for trading purposes. Therefore, a processing fee may be applied to your withdrawal if your deposits have not been utilised for trading.”
    Withdrawal
  2. How long does it take?same day if requested before 12:00 AEST/AEDT, otherwise the following…Same day
    Source
    “Withdrawal requests cut off time is 12:00 AEST/AEDT. If your withdrawal is submitted before this time it will be processed on the day of receipt. If your withdrawal is submitted after this time it will be processed on the following business day.”
    Withdrawal
  3. Is there a minimum?before a withdrawal can be requestedNot published
  4. How can it reach me?bank wire transfer, credit/debit card, Neteller, Skrill, PayPal, Webmoney (paid out by bank transfer)…13 ways
    Source
    “Withdrawals must be made to the same e-wallet account from which the original deposit was received. No internal withdrawal fees are charged. Any fees applied by the e-wallet provider are not the responsibility of the Company. ... This applies to all supported e-wallets, including but not limited to Neteller, Skrill and PayPal.”
    Withdrawal

Best thing about it. 13 published ways to withdraw

Worst thing about it. Advertised as free, but the client agreement reserves the right to charge — where a deposit was not traded

The evidence

everything above, with the wording it came from

The rest of the terms

The fee, in fullNo IC fee on deposits or withdrawals — but IC reserves a processing fee where deposits were not used for trading, and international bank wires may attract intermediary/beneficiary fees.
Weekend processingNot published
Inactivity feeNone published
VerificationPhoto ID plus proof of address (no older than 6 months) before the account is opened. Withdrawals only to a source in the client's own name. First bank-wire and first Vietnamese internet-banking withdrawals additionally require a bank statement; Thai internet-banking withdrawals require a bank book image; a newly uploaded card must be used to fund before it can receive a withdrawal.
Account openingusually a few minutes, but can take a couple of hours