How to get ICMarkets' No Deposit Bonus (Welcome Bonus)?

Many Forex traders search for an “IC Markets no deposit bonus” or “welcome bonus” because a true no deposit bonus means you can place live trades without funding your account first. That type of offer exists in the wider Forex industry, but it is also one of the most copied and misused marketing claims online.

Here is the key fact upfront:

On top of that, IC Markets (EU) Ltd does not offer bonuses at all.

So if your goal is “free bonus money without depositing,” that is not something IC Markets offers.

What you can do is understand which IC Markets entity you are under, what “welcome bonus” can mean in IC Markets promotions, and the exact steps and conditions that must be met when a promotion is available in your region.

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Why “No Deposit Bonus” and “Welcome Bonus” Get Mixed Up

In Forex trading, these terms are often used loosely:

• No deposit bonus: bonus is credited after registration/verification, with no funding required.
• Welcome bonus: can mean almost anything—sometimes no deposit, but often a deposit-based reward for new clients.

IC Markets promotions that use “welcome bonus” language are not no-deposit offers. In the published “Invite & Win” campaign terms for IC Markets Global, the welcome bonus is only paid after the referred new client completes deposit and trading volume requirements.

If you see a page claiming “IC Markets no deposit bonus,” treat it as a marketing label, not a description of how IC Markets actually credits bonuses.

First: Which IC Markets Company Are You With?

IC Markets operates through different entities, and promotions are not uniform across them.

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IC Markets EU

If your account is under IC Markets (EU) Ltd, the position is simple:

No bonuses are offered.

That means there is no “welcome bonus,” no “deposit bonus,” and no “no deposit bonus” under the EU entity.

IC Markets Global and other non-EU entities

IC Markets Global operates under different arrangements, and promotions can exist for certain regions. For example, IC Markets Global’s help centre states it is possible to open a trading account without a minimum deposit requirement, and it lists leverage ranges and other account access details.

However, promotions that pay a bonus are separate from account opening and, when they exist, they can be limited by:

• country of residence eligibility
• “new client” status
• registration steps
• deposit and trading volume conditions

This is the core point: You can open an IC Markets Global account with no minimum deposit requirement, but you cannot receive a “welcome bonus” without depositing when the promotion terms require it.

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The IC Markets “Welcome Bonus” Structure: What It Actually Requires

When IC Markets Global uses “welcome bonus” language in published terms, it is tied to rule-based eligibility.

The “Invite & Win” welcome bonus

In the “Double the Fun: Invite & Win Campaign” terms:

• the referee (new client) must be eligible and must open a real trading account through an invitation
• the referee must meet deposit and trading volume requirements
• only then is the welcome bonus paid to the referee’s trading account

A clear requirement in those terms is a minimum initial deposit of two hundred US dollars (or equivalent) after account approval, plus a minimum trading volume on Forex and metal CFDs.

So even when the bonus is called a “welcome bonus,” it is earned by funding and trading, not by simply signing up.

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Deposit bonus promotions

IC Markets Global has also published deposit bonus terms for specific campaigns that require:

• residency in specified eligible countries
• opening a live account as a new client
• completing an initial deposit during the promotion period
• completing minimum round-turn lots on Forex and/or metal CFDs
• positions must meet a minimum holding time requirement
• hedging positions do not count as effective volume

These are classic deposit-and-volume bonus mechanics, not no-deposit mechanics.

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So How Do You “Get” the IC Markets Welcome Bonus?

Since the bonus is not no-deposit, “getting it” means completing a structured checklist. The exact campaign can vary, but the published IC Markets Global terms follow a consistent pattern.

Create a live IC Markets account

You start by opening a live trading account for Forex trading access (typically via MT4, MT5, or cTrader depending on the account you choose). IC Markets Global promotions described in published terms are for real trading accounts, not demo accounts.

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Complete onboarding approval

Promotions describe requirements that apply after onboarding is approved. This means identity and account approval must be completed before the deposit-and-volume clock matters for the campaign rules.

Register for the promotion if registration is required

Some IC Markets Global promotion terms include a registration form requirement, and failing to complete registration within the campaign window is treated as a waiver of participation.

In practical terms: if a promotion exists for your region, you must complete the promotion registration step inside the IC Markets client process described for that campaign.

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Make the minimum qualifying deposit

Published IC Markets Global promotion terms commonly use a two hundred US dollar minimum deposit threshold for eligibility.

Also note the “effective deposit” concept used in the terms:

• effective deposit is based on net deposit (deposits minus withdrawals)

That matters because withdrawing funds can reduce the net deposit level that the promotion uses for eligibility.

Trade the qualifying Forex volume in the correct instruments

The promotions that award a bonus typically specify the product set that counts, such as:

• Forex CFDs and metal CFDs
• positions must be held at least a minimum time (the published terms use a five-minute minimum in multiple places)
• hedging positions are excluded from “effective orders”

This is important for Forex bonus hunters: some strategies that rapidly open and close hedged positions may not satisfy the “effective” volume rules used for the promotion.

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Receive the bonus credit to the trading account

In published IC Markets Global terms:

• rewards are credited to the trading account specified during registration
• the welcome bonus is paid after requirements are met
• some campaigns state the bonus can be withdrawn as cash or used for trading (campaign rules define the handling)

One-time limitation per person

Campaign terms commonly enforce a strict limitation:

• each eligible client (based on ID) can receive the bonus only once, regardless of how many accounts are opened

If you are looking for repeatable no-deposit credits, this rule blocks that approach by design.

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What Counts as “Trading Volume” for the Bonus

A recurring pattern in IC Markets Global bonus terms is that not all trading activity counts the same way.

Key mechanics described in published terms include:

• qualifying volume is measured in round-turn lots on specified instruments (Forex and/or metal CFDs)
• positions must meet a minimum holding time to be counted
• hedging positions are excluded from effective volume calculations

For Forex traders, this creates a simple planning rule: if a promotion exists, trade in the instruments listed, keep positions open long enough to qualify, and avoid relying on hedged offsetting positions to generate volume.

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Geographic Eligibility: Not Every Country Gets Every Promotion

IC Markets Global bonus terms can restrict eligibility to residents of certain countries. For example, published campaign terms list specific eligible countries for participation.

This is another reason “IC Markets no deposit bonus” claims spread online: a promotion that exists for one region gets reposted as if it applies everywhere.

If you are under IC Markets EU, the answer remains fixed: no bonuses are offered.

Common “No Deposit Bonus” Claims You Should Ignore

Because IC Markets is a well-known brand in Forex trading, it is frequently used in misleading promo content. Here are claims that do not match how IC Markets bonuses are described in published terms:

• “Instant no deposit bonus after signup”
  IC Markets Global welcome bonus terms require deposit and volume first.
• “Free welcome bonus without verification”
  Campaign terms tie eligibility to account approval/onboarding and other eligibility requirements.
• “Guaranteed bonus for everyone”
  Terms include residency limits, one-time rules, and discretionary rights to revoke bonuses for abuse or ineligibility.

If an offer describes IC Markets giving away free trading credit with no deposit, that description does not align with the published IC Markets Global promotion structure.

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What You Can Use Instead If You Wanted a No Deposit Bonus

If your real goal is to trade without funding, IC Markets’ practical alternatives are straightforward and legitimate:

Use a demo account to practice Forex trading

IC Markets promotes free demo access alongside its live account offering. A demo account gives you platform familiarity (MT4, MT5, cTrader execution style) without risking funds, and it is the closest equivalent to “trade without depositing” that IC Markets openly supports.

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Use standard account funding options when you are ready

IC Markets provides multiple funding methods depending on entity and region. This is not a bonus, but it supports a smooth transition from demo to live Forex trading once you decide your risk amount.

Look at pricing programs built around volume, not freebies

IC Markets Global describes rebate-style structures for high-volume traders through specific programs. This type of benefit is tied to trading activity and costs, not a no-deposit credit, but it aligns with how IC Markets structures incentives: volume-based, rule-based, and tied to real accounts.

• You cannot get a no deposit bonus from IC Markets that is credited without funding.
• IC Markets (EU) Ltd offers no bonuses at all.
• When IC Markets Global promotions use “welcome bonus” language, the bonus is earned only after completing minimum deposit and minimum Forex trading volume requirements, often with instrument and holding-time rules.

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How to Open an Account With IC Markets for Forex Trading

Opening an account with IC Markets is a structured process: you create a profile, complete a live (or demo) application, choose your trading platform and account type, submit verification documents, and then receive your trading login details once the application is approved.

Step One: Choose the IC Markets Entity That Applies to You

IC Markets operates through different entities, and that affects key account settings such as leverage, minimum deposit rules, and whether bonuses are offered.

• IC Markets (EU) Ltd (EU): does not offer bonuses, and the maximum leverage on MetaTrader accounts is up to 1:30.
• IC Markets Global: states you can open a trading account without a minimum deposit requirement, and leverage options range from 1:1 to 1:500, adjustable via the Client Area.

This matters because “open an account” is not only about filling out a form. It also determines what trading conditions are available for your Forex account after approval.

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Step Two: Decide Whether You Want a Demo Account or a Live Account

IC Markets offers both demo and live account applications.

Demo account

A demo account is free to open and supports account types, platforms, and products. It is designed for practice and platform testing.

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Live account

A live account is used for real-money Forex and CFD trading. IC Markets shows the live application as a multi-step flow that includes personal details, additional information about you, trading account configuration, review, and declaration.

If your goal is to trade real Forex positions, you want the live account path.

Step Three: Start the Live Account Application

The live account application is designed as a guided process with clear stages:

• Your personal details
• Tell us more about yourself
• Trading account configuration
• Review
• Declaration

This structure is consistent across IC Markets pages and is built to capture both identity information and trading-account setup choices in one flow.

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Step Four: Fill in Your Personal Details Correctly

Your personal details are the foundation of the application. The practical rule is simple: the details you enter must match your verification documents.

IC Markets requires identity verification documents for live account approval (explained later), so inconsistencies between your application and your ID can slow down approval.

In this stage, you typically provide:

• Full legal name
• Date of birth (for age eligibility)
• Residential address
• Contact details

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Step Five: Provide the Additional Profile Information

IC Markets uses the second stage (“Tell us more about yourself”) to gather profile information that supports compliance and account suitability checks.

In practice, this stage is where you should expect to provide structured information such as:

• Country of residence
• Tax-related declarations (as required for regulated financial accounts)
• Employment and financial background fields commonly used by brokers
• Trading experience fields used in onboarding flows

The key point is that this information is part of the account profile and supports the account approval workflow, not just marketing preferences.

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Step Six: Configure Your Trading Account the Right Way

This is the stage where you build the account you will actually use for Forex trading. IC Markets labels this stage as “Trading account configuration.”

Choose a platform

IC Markets supports mainstream Forex trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader across its offering.

A practical way to decide:

• MT4: widely used for Forex trading, including automated strategies.
• MT5: similar workflow with expanded platform capabilities for many traders.
• cTrader: designed with Forex and CFD trading in mind and commonly chosen for its interface and execution tools.

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Choose an account type

IC Markets commonly presents two core pricing models: Standard and Raw Spread.

• Standard account (IC Markets Global): presented as spread-based pricing with leverage up to 1:500 on MetaTrader platforms.
• Raw Spread account (IC Markets Global): raw spreads plus a commission. IC Markets Global lists a commission of $3.50 per lot per side and an average EUR/USD spread figure on the Raw Spread account.

For EU accounts, IC Markets lists Standard and Raw Spread account availability and shows leverage up to 1:30 on MetaTrader platforms.

Choose your base currency

IC Markets lists a set of supported base currencies for trading accounts, including: USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD.

Your base currency matters because deposits, withdrawals, and PnL are handled in that denomination, and commissions may be charged in a base-currency equivalent depending on account setup.

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Choose leverage

Leverage depends on the entity you open under:

• IC Markets Global: leverage options range from 1:1 to 1:500, and you can change leverage through the Client Area.
• IC Markets (EU) Ltd: MetaTrader accounts go up to 1:30 leverage.

This is not just a number on a page. It affects margin requirements on Forex positions and how much free margin you need to keep trades open.

Step Seven: Review and Submit the Declaration

After configuration, IC Markets shows “Review” and “Declaration” steps before submission.

This is typically where you:

• confirm that your personal details are correct
• confirm that your account configuration is correct
• accept the account terms and disclosures required for opening the trading account

Once submitted, the application moves to the approval and verification phase.

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Step Eight: Complete Identity Verification

IC Markets requires identity verification before opening a live trading account, under anti-money laundering obligations.

What documents are required

Across IC Markets pages, the required document categories are consistent:

Proof of identity (photo ID)

Examples listed include:

• Passport
• National ID
• Driver’s license

Proof of residence (address verification)

Examples listed include:

• Utility bill
• Bank statement
• Government-issued document

EU pages also list additional detail on acceptable residence documents (such as bank or credit card statements and utility bills) and document format expectations.

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What matters for approval

IC Markets’ help centre guidance emphasizes clarity and matching details:

• photo ID must be clear and issued by a government agency
• proof of address must show the same name and address as the application

If your documents are clear, complete, and consistent with the form, the approval process is straightforward.

Step Nine: Receive Your Trading Login Details

IC Markets’ help centre explains the sequence after submission: once the online application is approved, you are emailed your trading account login details and password.

At that point, you can log into your selected platform (MT4, MT5, or cTrader) using the credentials provided.

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Step Ten: Fund the Account and Prepare to Trade Forex

A live account is created through the application, but trading requires funds.

Minimum deposit rules differ by entity:

• IC Markets Global states you can open a trading account without a minimum deposit requirement.
• IC Markets (EU) Ltd states clients can open an account with as little as EUR 200 (or equivalent).

IC Markets Global also states it provides multiple funding options and supports multiple base currencies for funding workflows.

Once funded, you can place Forex trades in the platform, manage margin, and monitor open positions in real time.

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Practical Tips That Make the Setup Smoother

Use the same name everywhere

Your application name must match your proof-of-identity documents, and your address must match your proof-of-residence document. This alignment is a direct requirement of the verification process.

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Pick the account model that matches your trading style

If you trade frequently, compare pricing structure:

• Standard: spread-only model (simple cost structure)
• Raw Spread: raw spreads plus commission (explicit commission model)

For many Forex traders, the decision comes down to whether you prefer an all-in spread or you want raw spreads with separate commission.

Set leverage with margin discipline

Leverage affects how much margin is required for each Forex position. IC Markets Global allows leverage changes through the Client Area within its stated range, while EU leverage is capped at the listed limit.

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Keep account security tight

IC Markets publishes security and scam-prevention guidance as part of its account protection resources. Treat your Client Area login and platform passwords as high-value credentials, since they protect access to your funds and your Forex trading account.

What to Expect After Your Account Is Live

Once your live account is approved and funded, your day-to-day Forex workflow typically looks like this:

• Log in to MT4, MT5, or cTrader with the credentials emailed after approval
• Add your preferred Forex symbols to Market Watch (or the equivalent panel)
• Check margin and free margin before opening a position
• Place orders with lot size, stop loss, and take profit as needed
• Monitor spreads and execution in real time
• Use the Client Area to manage account settings such as leverage where that option is supported by the entity

This is the operational side of “opening an account”: it is not only the application, but the ability to trade Forex smoothly from the platform you selected.

To open an account with IC Markets for Forex trading:

• Choose the correct IC Markets entity for your region (EU or Global), because leverage and bonus availability differ.
• Start the live account application and complete the guided steps: personal details, additional profile information, trading account configuration, review, declaration.
• Choose platform (MT4, MT5, or cTrader), account type (Standard or Raw Spread), base currency, and leverage settings allowed under your entity.
• Upload the required verification documents: photo ID and proof of residence, following the clarity and matching requirements.
• After approval, receive your trading login details by email and log into your platform.
• Fund the account according to the rules that apply to your entity, then start trading Forex.