Overall, IC Markets offers cashback Forex Rebates on the Standard, Raw Spread, and cTrader Raw Accounts of up to 21.5% of commissions paid $0.60 per 100K USD Traded or 0.3 pips.
| 💰 IC Markets Cashback Forex Rebates | 📊 Standard Account | 📊 Raw Spread Account | 📊 cTrader Raw Account |
| ℹ️ Forex | Forex Majors – 0.2 pips Forex Minors – 0.3 pips | 21.50% of commissions paid | $0.6 per 100K USD Traded |
| ℹ️ Indices | Up to $1.25 per lot | Up to $1.075 per lot | $0.6 per 100K USD Traded |
| ℹ️ Cryptocurrency | Up to $0.5 per lot | Up to $0.43 per lot | $0.6 per 100K USD Traded |
| ℹ️ Precious Metals | 0.30 pips | 21.50% of commissions paid | $0.6 per 100K USD Traded |
| ℹ️ Payment Frequency | Spread Reduction offered Monthly Cashback Real-Time Reports | Commission reductions apply Traders get Monthly Cashback Real-Time Reports offered | Commission reductions apply Traders get Monthly Cashback Real-Time Reports offered |
A Quick Overview of our IC Markets Cashback Forex Rebates Review:
☑️ IC Markets Rebates System Overview
☑️ IC Markets Rebates Payments
☑️ IC Markets Conditions and Notes on Forex Rebates
☑️ How to Open a Forex Cashback Account with IC Markets (via SAShares)
☑️ IC Markets Forex Rebates Frequently Asked Questions
IC Markets Rebates System Overview
In addition to forex trading services, IC Markets provides South African clients with a rebate program. Moreover, under IC Markets’ rebate program, South Africans can get back a percentage of their trading profits.
Not only this, but IC Markets provides South African clients with several other benefits, including access to the world’s most popular and liquid markets with the variety of products, platforms, and account types provided by IC Markets.
IC Markets Raw Traders can also use a virtual private server. This allows users to take advantage of the favorable trading circumstances offered by IC Markets and develop and implement automated trading strategies.
Furthermore, with SA Shares, South Africans can register an account with IC Markets to earn up to 30% in rebates according to the financial instrument they trade and the account type they use when participating in the rebates program.
IC Markets Rebates Payments
Monthly rebates are paid to South Africans via Credit/Debit Cards, PayPal, Neteller, Neteller VIP, Skrill, and many others with no withdrawal fees.
IC Markets Conditions and Notes on Forex Rebates
| ✅ The Standard Account's rebates start at 0.2 pips on Forex, $1.25 a lot on Indices, 0.3 pips on Commodities, and $0.5 on Cryptocurrencies. |
| ✅ Customers with a Raw Spread Account can get back up to 21.50% on Forex and Commodities trades and up to $0.43 on cryptocurrency trades. |
| ✅ cTrader Raw Account Holders are eligible for rebates of $0.60 for every 100,000 standard lots traded in Forex, commodities, indices, and cryptocurrencies. |
| ✅ Unless otherwise stated, cash rebates are paid on every round-trip trade. |
| ✅ Cash rebates are made available monthly, and South Africans view their progress in real-time from their trader’s dashboard. |
How to Open a Forex Cashback Account with IC Markets (via SAShares)
You can follow these steps to register for a Forex Cashback Account with IC Markets via SAShares.
New Accounts
If you do not have an existing account with IC Markets, you can easily obtain a cashback rebate in three easy steps.
Step 1
Visit the IC Markets website and click “Open Account.”
Step 2
Submit your Trading ID to us: [SAShares]
For Example:
To: [SAShares]
Subject: New IC Markets Rebate Application
“Dear SAShares Team,
Please view my IC Markets Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.”
Step 3
Wait for approval, which will be sent within [number of hours]. Once approval is given, you will automatically receive your cashback rebates from the IC Markets system.
Existing Accounts
If you have an existing IC Markets account, you can get a cashback rebate by following these easy steps.
Step 1
Send an email to IC Markets: support@icmarkets.com or accounts@icmarkets.com
Request that the broker transfer the trading account under the following SAShares Affiliate ID: [SAShares]
For Example:
To: [SAShares]
Subject: Account Transfer Request
“Dear IC Markets Partner/Affiliate Team,
I would hereby like to request that my account be transferred to IB/Partner/Affiliate code [SAShares Code]. Furthermore, I would hereby like to request to be assigned under mentioned IB regardless of whether my account falls under an umbrella or parent IB.”
Step 2
Once you receive confirmation of the transfer from IC Markets, you can create an additional trading account.
Step 3
Lastly, you can send your Trading or Client ID to [SAShares].
For Example:
To: [SAShares]
Subject: New IC Markets Rebate Application
“Dear SAShares Team,
Please view my IC Markets Client ID: 12345 (Your Account, Client, or Trading ID] and inform me whether my rebate application has been accepted.
[table “” not found /]
IC Markets Forex Rebates Frequently Asked Questions
What is the IC Markets Rebates Program for South Africans?
The IC Markets Rebates Program is a cashback program that enables South African traders to receive cash rebates on their trading volume. Traders can earn up to 21.5% of their trading volume as cashback, credited to their trading account monthly.
How do I participate in the IC Markets Rebates Program?
To participate in the IC Markets Rebates Program, South African traders must open a live trading account with IC Markets and join the program through their client area. Once they have joined the program, they can start trading and earning cashback on their trading volume.
How much commission does an IC Markets IB get?
IC Markets Introducing Brokers (IBs) earn a commission of up to $10 per lot on the trades executed by their referred clients. The commission rate depends on the trading volume of the IB’s clients and the currency pair they are trading.
Can I get a commission discount from IC Markets as a South African trader?
IC Markets offers commission discounts to its clients based on their trading volume. South African traders can qualify for commission discounts of up to 21.5%, depending on their trading volume.
Do IC Markets offer a demo contest for South African traders?
IC Markets regularly holds demo trading contests for its clients, including traders from South Africa. The contests allow traders to test their trading skills and win cash prizes without risking their capital.
What is the minimum deposit required to open a trading account with IC Markets?
The minimum deposit required to open a trading account with IC Markets is the same across all three retail trading accounts. For instance, the minimum deposit for the Raw Spread, cTrader, and Standard Accounts is 3,600 ZAR / $200.
Do IC Markets offer a demo account?
Yes, IC Markets offers a demo account that traders can use to test their trading strategies and get familiar with the broker’s trading platforms. The demo account is available for free and is funded with virtual money.
What are the spreads offered by IC Markets?
IC Markets offers tight spreads on its trading instruments, starting from 0.0 pips for some currency pairs. The exact spreads depend on the account type and market conditions.
How long does it take to withdraw funds from my IC Markets trading account?
IC Markets processes withdrawal requests within 24 hours on business days. The time it takes for the funds to reach the trader’s bank account depends on the payment method used and the trader’s bank processing times.
For example, bank wire transfers can take up to 5 business days, while e-wallets can be processed within a few hours.
Top 4 Brokers
