IC Markets Fees, Spreads, and Commission. IC Markets 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 $200 / ZAR 3200.
IC Markets Fees, Spreads & Commissions - key points quick overview:
- ☑️Overview
- ☑️IC Markets Fees, Spreads, and Commissions
- ☑️IC Markets at a Glance
- ☑️IC Markets Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- Ultra-Fast Execution & Deep Liquidity: IC Markets 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: Offers 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 Markets?
Traders consistently choose IC Markets 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 Markets 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 Markets 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 Markets.
- 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 Markets, 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 Markets 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 Markets 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 Markets' 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 Markets 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.
What are IC Markets' typical trading fees?
IC Markets 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 Markets?
No, IC Markets 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.
🏆10 Best Forex Brokers in South Africa
| 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 | $200 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 |  | Read Review | FSC, FSCA | $50 | 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 |
IC Markets at a Glance
| 🔎Broker | |
| Company Information | |
| 📅Year Founded | 2007 |
| 👨💼 Current CEO | Andrew Budzinski |
| 🏗️ Founder/s | Andrew Budzinski |
| 🧑🏻💻Amount of staff | 852 |
| 👩💻Amount of active traders | 180,000+ |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA |
| 🌎Country of regulation | Australia, Cyprus, Seychelles |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| 🔐 Two-step Authentication | Yes |
| Account Types and Features | |
| ➕Accounts | cTrader, Raw Spread, standard |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, RMB, |
| 💰Minimum Deposit | $200 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant for deposits, 1-2 business days for withdrawals |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | From 0.0 pips |
| 💸Commissions | $3 per lot per side |
| 💱Number of base currencies supported | 10+ |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 100 USD traded, 1 USD margin |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | over +2200 |
| 🗠CFD Stock Indices | 25+ |
| ⚖️CFD Commodities | 22+ s |
| 📜CFD Shares | 1,600+ |
| 👀 Watch list | Yes |
| 📢 Trade Alerts | No |
| 📉 Trading Stocks with GP | Yes |
| 📊 Trading Indices with GP | Yes |
| 💱 Swap on the trading board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
| 💵Withdrawal Options | Credit Card, Debit Card, PayPal, Skrill, Neteller, UnionPay, Wire Transfer, Bpay, FasaPay, Poli |
| 🎁 Welcome Bonus | No |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 👩💻OS Compatibility | Windows, Mac (via emulation), Android, iOS |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/7 |
| 📱Customer Support email address | support@icmarkets.com (General) |
| 📞Customer Support Contact Number | Thailand: +661800011956 Indonesia: +6280332160329 Colombia: +5718005190364 Vietnam: +8412032513 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 + |
| Educational Resources and Support | |
| 🎓 Beginners Trader friendly UX | Yes |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes, articles, videos, and tutorials |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 2 500+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, the Qatar Economic Forum 2026 |
| 🪙Rebate program | Yes |
| 💬 Community Forum | No |
| South African Trader Specific Information | |
| 🌐 Official Website address | www.icmarkets.com |
| 👍 Official Facebook Page | Yes |
| 🐦 Official Twitter Page | Yes |
| ▶️ Official Youtube Channel | Yes |
| 🏢 Official Linkedin Page | Yes |
| 📸 Official Instagram Page | Yes |
| 🌍 South African Specific Information | |
| Does IC Markets Accept South African Traders? | Yes |
| Is IC Markets regulated by the South African regulatory body (FSCA)? | No |
| Does IC Markets offer an Affiliate Program for South African Traders? | Yes |
| Does IC Markets allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 📝Sign up | 👉Open Account |
IC Markets Customer Reviews
- Trusted for Transparency & Low Costs: Traders consistently praise IC Markets 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.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | 4.8/5 – Highly rated for competitive pricing, reliability, and advanced trading infrastructure. |
| 👏Customer Satisfaction | Positive – Clients appreciate low spreads, fast execution, and diverse trading instruments. |
| 📞Customer Service | Responsive and professional – Available 24/7 via live chat, email, and phone in multiple languages. |
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 Markets 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. | ⭐⭐⭐⭐⭐ |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Competitive commissions | |
| No additional charges or fees | |
| Swap-free account available | |
| Tight interbank spreads |
Conclusion
IC Markets Fees, Spreads, and Commission. IC Markets 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 $200 / ZAR 3200.
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Frequently Asked Questions
What are the fees charged by IC Markets?
IC Markets 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 Markets charge commissions on all accounts?
No, IC Markets 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 Markets?
IC Markets 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 Markets charge per trade?
IC Markets 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 Markets?
IC Markets 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 Markets charge deposit or withdrawal fees?
IC Markets 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 Markets offers both models, allowing traders to choose between spread-only accounts or lower spreads with separate commission charges.
Are IC Markets' spreads suitable for scalping?
Yes, IC Markets 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 Markets charge overnight or swap fees?
Yes, IC Markets 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 Markets?
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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