Exness Review
IC Markets Minimum Deposit
IC Markets Minimum Deposit amount required to register a live trading account is $200, this minimum deposit is equivalent to 3850 Botswanan Pula at the current exchange rate between the US Dollar and the Botswanan Pula.
- Louis Schoeman
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minumum Deposit
Pros and Cons
Final Verdict
FAQ
IC Markets at a Glance
| 🏛 Headquartered | Sydney, Australia |
| 🌎 Global Offices | Australia |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2007 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook |
| ⚖️ Regulation | ASIC, CySEC, FSA, SCB |
| 1️⃣ Tier-1 Licenses | • Australian Securities and Investments Commission (ASIC) |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) |
| 3️⃣ Tier-3 Licenses | • Financial Services Authority (FSA) • Securities Commission of the Bahamas (SCB) |
| 🪪 License Number | • Seychelles – SD018 • Australia – AFSL 335692 • Cyprus – 362/18 • Bahamas – SIA-F214 |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Regional Restrictions | United States, Canada, Iran, Yemen, and OFAC countries |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| ✔️ PAMM Accounts | MAM Accounts |
| 💻 Liquidity Providers | 25 |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips |
| 📉 Minimum Commission per Trade | From $3 to $3.5 |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✅ Crypto trading offered? | Yes |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:500 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 3850 Botswanan Pula or an equivalent to $200 |
| ✔️ Botswana Pula Deposits Allowed? | No |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based IC Markets customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Credit Card • Debit Card • PayPal • Neteller • Neteller VIP • Skrill • UnionPay • Bank Wire Transfer • Bpay • FasaPay • Broker to Broker • POLi • Thai Internet Banking • Vietnamese Internet • Banking • Rapidpay • Klarna |
| 💻 Minimum Withdrawal Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | Up to 14 business days |
| 💳 Instant Deposits and Instant Withdrawals? | Yes, on PayPal, Neteller, and Skrill |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • cTrader |
| 💻 Tradable Assets | • Forex • Commodities • Indices • Bonds • Cryptocurrencies • Stocks • Futures |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, Spanish, Russian, Thai, Malay, Vietnamese, Italian, Portuguese, and several others |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | No |
| 📚 Education for Botswanan beginner traders | Yes |
| 📱 Proprietary trading software | No |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is IC Markets a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for IC Markets Botswana | 9/10 |
| 🥇 Trust score for IC Markets Botswana | 86% |
| 👉 Open Account | 👉 Open Account |
IC Markets Minimum Deposit Overview
IC Markets charges a minimum deposit amount starting from 200 USD.
This is equal to 3850 Botswanan Pula according to the typical exchange rate between the US Dollar and the Botswanan Pula. While IC Markets is not regulated by the Bank of Botswana (BoB), the broker is regulated by other reputable regulatory entities including ASIC, CySEC, FSA, SCB.
For the sake of maintaining continuous capital requirements, IC Market Global adheres to all FSA regulations and has implemented internal risk management procedures. IC Markets Global relies on external audits to supplement its internal audits and ensure full regulatory compliance.
All regulatory criteria of CySEC are met, and the broker must meet strict financial standards. All capital adequacy and audit requirements are included in this. To keep its licenses, IC Markets is required to keep all client funds in segregated accounts, separate from the broker account.
These funds are secure, insured, and only used towards the trading activities of those who deposited the funds. IC Markets is reputable and has an extremely high trust score, making it a safe broker for Botswana traders.
What is the minimum deposit requirement to open an account with IC Markets?
IC Markets offers flexibility to traders by providing different account types, each with its own minimum deposit requirement. The minimum deposit typically varies based on the chosen account type.
Can I start trading with IC Markets if I have a limited budget?
Yes, traders with limited budgets can start trading with IC Markets, thanks to the availability of different account types, including those with lower minimum deposit requirements.
IC Markets Deposit fees and deposit methods
According to the official website of IC Markets, there are no deposit fees charged and the deposit methods that can be used for the minimum deposit required are:
➡️ Credit Card
➡️ Debit Card
➡️ PayPal
➡️ Neteller
➡️ Neteller VIP
➡️ Skrill
➡️ UnionPay
➡️ Bank Wire Transfer
➡️ Bpay
➡️ FasaPay
➡️ Broker to Broker
➡️ POLi
➡️ Thai Internet Banking
➡️ Vietnamese Internet Banking
➡️ Rapidpay
➡️ Klarna
When traders deposit the minimum deposit, the deposit currencies that Botswana traders may use will depend on the payment method they choose. These are as follows:
➡️ Credit/Debit Card – AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD
➡️ PayPal – AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF
➡️ Neteller – USD, AUD, GBP, EUR, CAD, SGD, JPY
➡️ Neteller VIP – AUD, GBP, EUR, CAD, SGD, JPY
➡️ Skrill – AUD, USD, JPY, EUR, SGD, GBP
➡️ UnionPay – RMB
➡️ Bank Wire Transfer – AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF
➡️ Bpay – AUD
➡️ FasaPay – USD
➡️ Broker Transfer – AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF
➡️ POLi – AUD
➡️ Thai Internet Banking – USD
➡️ Vietnamese Internet Banking – USD
➡️ Rapidpay – EUR, GBP
➡️ Klarna – EUR, GBP
Are there any deposit fees when funding my IC Markets trading account?
IC Markets typically does not charge deposit fees for standard payment methods. The broker aims to provide a cost-effective trading environment, and most deposit options are free of charge from their side.
What deposit methods are available for funding an IC Markets trading account?
IC Markets offers a wide range of deposit methods to accommodate traders globally. These methods typically include bank wire transfers, credit/debit card payments (Visa and MasterCard), and various popular e-wallet services such as Neteller, Skrill, and PayPal.
IC Markets Step by step guide to depositing the minimum amount
Step 1 – Select deposit method
Once ready to start trading and you have already opened a trading account. Make your way to IC Market website and select “Quickstart” – “How to deposit”
Step 2: Preferred deposit method
Select your preferred deposit method, whether by wire transfer, credit card, or debit card
Step 3 – Confirm your deposit amount
Select the amount you would like to deposit.
IC Markets Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can choose from flexible payment methods to make the minimum deposit | BWP is not an accepted deposit currency |
| IC Markets does not impose any deposit fees | Botswanans are not given access to local payment providers |
| Instant deposit options are provided | |
| Botswanans cannot deposit in BWP but can choose from other deposit currencies | |
| IC Markets keeps all client funds safe |
IC Markets Final Verdict
IC Markets is one of the best forex brokers that cater to beginner traders and advanced traders alike. IC Markets is one of the largest true ECN brokers that offers the tightest spreads, allowing the broker to maintain its significant daily trading volume, ensuring that traders have enough market liquidity.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience with IC Markets?
What was the determining factor in your decision to engage with IC Markets?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues with IC Markets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Frequently Asked Questions
What is the minimum deposit requirement for IC Markets?
The minimum deposit you must pay when registering an IC Markets account is 200 USD or 3850 BWP.
Can someone else pay my minimum deposit on my behalf?
IC Markets prohibits third-party payments and does not accept payments from unknown sources.
Can I use IC Markets for scalping?
Because of its tight spreads and ECN execution, IC Markets is ideal for scalping traders.
What does IC Markets do with my money?
IC Markets keeps funds in top-rated banks in Australia.
How long will it take for my trading account to be approved by IC Markets?
It typically takes 2 business days for your trading account to be approved.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
