IC Fees, Spreads and Commission

IC Fees, Spreads, and Commission. IC trading involves fees from $3.50 / ZAR 56.00, spreads from 0.00 pips, and commission-free trading, depending on the account traders select. With a minimum deposit fee of $0 / ZAR 0.  

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

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What spreads and commissions does IC charge South African traders?

IC offers different pricing depending on the account and platform selected. The Standard MetaTrader account has no separate trading commission and advertises spreads from 0.8 pips. The Raw Spread MetaTrader account offers spreads from 0.0 pips and charges $3.50 per lot, per side, while the cTrader and TradingView Raw Spread account charges $3 per $100,000 traded.

Actual spreads are variable and may widen during volatile or low-liquidity market conditions.

Rank	Broker	Broker Review	Regulators	Minimum Deposit	Visit Broker
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	$100	Visit Now
🥈		Read Review	FSCA, FCA, DFSA, FSA, CMA	$0	Visit Now
🥉		Read Review	CySEC, IFSC, DFSA, FCA	$5	Visit Now
4		Read Review	ASIC, CySEC, FSA, SCB	$0	Visit Now
5		Read Review	FSA, FSCA	$250	Visit Now
6		Read Review	FSA, FSC, FSCA, ASIC, CMA	$20	Visit Now
7		Read Review	CBCS, FSA, FSCA, CMA	$10	Visit Now
8		Read Review	ASIC, CySEC, FSCA, FSA, FSC, CMA	$100	Visit Now
9		Read Review	CySEC, MWALI, FSCA	$25	Visit Now
10		Read Review	FSA, CySEC, FSCA, FSC	$10	Visit Now

Are there any additional IC trading fees in South Africa?

South African traders should consider more than the advertised spread or commission. Additional costs may include overnight swap charges, currency-conversion costs, and payment-provider fees. Swap-free accounts are available, but alternative holding charges or conditions may apply.

South African clients using the global IC site are generally onboarded through Raw Trading Ltd, regulated by the Seychelles FSA rather than South Africa’s FSCA, so the exact fees and protections should be confirmed in the client agreement before funding an account.

IC Fees, Spreads & Commissions  - key points quick overview:

1. Overview
2. IC Trust Score
3. IC Fees, Spreads, and Commissions
4. IC at a Glance
5. IC Customer Reviews
6. Pros and Cons
7. Conclusion
8. Frequently Asked Questions

Overview

• Ultra-Fast Execution & Deep Liquidity: IC provides lightning-fast trade execution and institutional-grade liquidity, making it ideal for scalping, high-frequency trading, and EA users, especially valuable for precision-driven South African traders.
• Advanced, Flexible Platforms: Offer MetaTrader 4, MetaTrader 5, and cTrader, fully equipped with powerful charting, automation tools, and multi-device compatibility, designed to support all trading styles and experience levels.
• Raw Spreads from 0.0 Pips with No Hidden Fees: Traders benefit from highly competitive pricing, transparent fee structures, and spreads starting at 0.0 pips, allowing cost-efficient trading without compromise.

Why do more traders choose IC?

Traders consistently choose IC because it offers an exceptionally seamless and professional trading experience. Its ultra-tight raw spreads, often starting at 0.0 pips, combined with lightning-fast order execution, appeal to scalpers and algorithmic traders. The broker’s No Dealing Desk (NDD) model ensures transparency and fairness, with no requotes or price manipulation.

IC Trust Score

IC Fees, Spreads, and Commissions

Fee Type
🪙 Spreads	Variable spreads starting from 0.0 pips on Raw Spread accounts.
💸 Commissions	Commission of $3.50 per lot per side on Raw Spread accounts.
💳 Deposit Fees	No deposit fees for most payment methods.
💰 Withdrawal Fees	No withdrawal fees for most methods, but third-party charges may apply.
⏳ Inactivity Fees	No inactivity fees, making it favorable for occasional traders.
🌙 Overnight Fees	Overnight (swap) fees apply for positions held overnight, varying by asset.

Spreads

• IC offers variable spreads, and the kind of trading account, the financial instrument being traded, and the market circumstances at the time of the transaction are determined by IC.
• The EUR/USD pair has significantly competitive spreads for South African traders. Spreads on the cTrader and Raw Spread accounts can start as low as 0.0 pips, which is ideal for traders aiming to save transaction costs.
• Spreads for the same currency pair on the Standard Account are normally around 0.8 pips, which is still considered minimal in the forex market.

Commissions

• With IC commissions are account-specific. South African traders are charged a commission of $3 on each side for the cTrader Account, which translates to $6 for a complete transaction (round turn).
• On the other hand, the Raw Spread Account has a slightly higher commission price of $3.5 on each side or $7 for a round turn.
• The commission structure is altered to range from $5 to $80 for Islamic accounts, which comply with Shariah standards by not incurring overnight expenses. This range accommodates the various trade sizes and types that may be done in these accounts.

Overnight Fees

• Derivative trading positions carried over after the market closed overnight incur costs, also known as swap rates or rollovers. These rates are determined by the interest rate differentials between the two currencies in a pair.
• Depending on the direction of the deal, swap costs might be credited or debited to the trader's account. IC calculates these swap costs in points, and the amount is automatically converted and reflected in the trader's base currency.

Deposit and Withdrawal Fees

• IC improves South Africans' trading experience by not charging fees for deposits or withdrawals. This approach is especially useful for traders who shift funds frequently, as it lowers overall trading expenses and simplifies account management.

Inactivity Fees

• South African traders will appreciate the flexibility of IC cost structure, as the broker does not impose any fees for inactivity.
• This means that traders who do not engage in trading activities for an extended time will not be penalized with additional charges, giving those who trade less regularly or take breaks from trading peace of mind.

Currency Conversion Fees

• While IC allows trading in various base currencies, South African traders should know that deposits and withdrawals in ZAR may result in currency conversion fees, particularly if their account is denominated in a different currency.
• These fees are relevant for traders who need to convert funds between ZAR and their trading account's base currency, potentially affecting the cost-effectiveness of their trading operations.

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

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What are IC typical trading fees?

IC charges $3.5 per lot per side on Raw Spread accounts and no commission on Standard accounts. Spreads on Raw accounts start from 0.0 pips, making them ideal for scalpers and active traders.  

Are there any hidden fees at IC?

No, IC is transparent. There are no deposit or inactivity fees, but withdrawal methods may have third-party processing fees depending on your bank or e-wallet provider.   

IC at a Glance

IC Customer Reviews

• Trusted for Transparency & Low Costs: Traders consistently praise IC for its ultra-tight spreads, clear fee structure, and fair pricing, making it a top choice for cost-conscious and professional traders alike.
• Reliable Performance & Platform Variety: Users appreciate the broker’s fast trade execution and robust access to platforms like MetaTrader 4/5 and cTrader, offering stability even during high-volatility periods.

Customers Ratings

🌐 Platform	📝 Feedback Summary	⭐ Rating
	Generally positive feedback users appreciate competitive spreads, fast execution, and reliable customer support.	⭐⭐⭐⭐⭐
	Mixed reviews many users commend the broker's services and support, while some report issues with fund withdrawals and account closures.	⭐⭐⭐☆☆
	Predominantly negative reviews users report concerns about withdrawal issues and customer service responsiveness.	⭐☆☆☆☆
	Generally positive users highlight the platform's user-friendly interface and efficient customer support.	⭐⭐⭐⭐⭐
	IC is generally positive, with many users praising the broker's competitive spreads, reliable trading platforms, and excellent customer support.	⭐⭐⭐⭐⭐
	Highly positive reviews users praise the broker's reliability, competitive spreads, and prompt customer service.	⭐⭐⭐⭐⭐

★ ★ ★ ★ ★

💰 Min Deposit: $0

📈 Leverage: 1:5000

🏦 Regulators: FSA

Start Trading Read Review

Pros and Cons

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Frequently Asked Questions

What are the fees charged by IC?

IC primarily charges trading costs through spreads and commissions, depending on the account type. There are generally no deposit fees, but traders may incur overnight swap fees and third-party payment charges depending on funding methods and positions held.  

Does IC charge commissions on all accounts?

No, IC only charges commissions on Raw Spread and cTrader accounts. Standard accounts are commission-free, but spreads are slightly higher. Traders can choose based on whether they prefer lower spreads with commission or all-inclusive pricing.  

What are the typical spreads on IC?

IC .COM offers very tight spreads, starting from 0.0 pips on Raw Spread accounts. On Standard accounts, spreads are slightly wider, typically around 0.6 to 1.0 pips on major currency pairs, depending on market conditions and liquidity.  

How much commission does IC charge per trade?

IC charges approximately $7 per round turn lot on MetaTrader Raw Spread accounts. On cTrader, commissions are slightly lower. The exact commission may vary depending on the trading platform and account currency used by the trader.  

Are there any hidden fees with IC?

IC is known for transparent pricing, with no hidden fees on trading accounts. However, traders should be aware of swap rates, inactivity fees, and potential bank or payment provider charges that are outside the broker’s control.  

Does IC charge deposit or withdrawal fees?

IC generally does not charge fees for deposits or withdrawals. However, banks or payment providers may apply their own fees, especially for international transfers, so traders should verify costs depending on their chosen payment method.  

What is the difference between spreads and commissions?

Spreads represent the difference between the bid and ask price, while commissions are fixed fees charged per trade. IC offers both models, allowing traders to choose between spread-only accounts or lower spreads with separate commission charges.  

Are IC spreads suitable for scalping?

Yes, IC is popular among scalpers due to its low spreads and fast execution speeds. Raw Spread accounts with near-zero spreads and competitive commissions make it ideal for strategies that rely on tight pricing and frequent trades.  

Does IC charge overnight or swap fees?

Yes, IC applies swap fees for positions held overnight. These fees depend on the instrument and market conditions. Islamic accounts may offer swap-free trading, but alternative charges may apply depending on the account type.  

How can I reduce trading costs on IC?

Traders can reduce costs by choosing Raw Spread accounts, trading during high liquidity sessions, and avoiding excessive overnight positions. Using proper risk management and selecting the right account type can significantly lower overall trading expenses.  

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