This guide explains the full IC Markets Forex onboarding flow—what to prepare, how to register and pass verification, how to configure your account, and how deposits and withdrawals work under funding-source and AML routing rules across cards, e-wallets, and bank transfers.
Simple Account Opening Steps of ICMarkets - Rules & Requirements Table of Contents
- What to prepare before you start
- The core onboarding flow IC Markets uses
- Registration rules that matter from the first screen
- Choosing the right account “shape” before you submit
- Filling in your personal details without creating verification problems
- Completing the “Tell us more about yourself” section
- Trading account configuration: what you actually set here
- Verification: rules and document requirements that must be met
- What happens after approval
- Funding rules: deposits, minimum amount, and third-party restrictions
- Withdrawal rules that tie back to onboarding
- Corporate account opening: extra requirements you must meet
- Common approval blockers and how to avoid them
- A simple checklist that matches IC Markets rules
- IC Markets deposits and withdrawals for Forex traders
- The main rule that controls everything: your funding method decides your withdrawal route
- Where you deposit and withdraw: the Secure Client Area
- IC Markets deposit methods
- Deposit currencies and base currency support
- Fees: what IC Markets charges and what third parties may charge
- How to deposit funds on IC Markets step by step
- IC Markets withdrawal methods
- Method-by-method withdrawal behavior (what Forex traders should expect)
- A policy detail Forex traders often miss: “funds are intended for trading purposes”
- Common deposit and withdrawal problems (and how to avoid them)
Opening an IC Markets account for Forex trading follows a structured flow: you register, complete the application, verify your identity, fund the account, and then trade. IC Markets presents this as a straightforward onboarding path that moves you from a new profile to a live trading account with platform login credentials.
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What to prepare before you start
Before you open the application form, prepare these items so you can complete onboarding in one smooth session:
- A working email address and phone number you can access immediately
- Your personal details exactly as they appear on your identification document
- A clear photo or scan of your photo ID
- A clear photo or scan (or PDF, depending on document type) of your proof of residence
- Basic information about your work and financial background, because the form includes a “tell us more about yourself” section before you choose your trading account configuration
IC Markets requires identity verification before a live trading account can be opened and used normally.
The core onboarding flow IC Markets uses
IC Markets explains the live account process as a simple progression: Register → Verify → Fund → Trade.
Inside the live account application itself, IC Markets structures the form into these sections:
- Your personal details
- Tell us more about yourself
- Trading account configuration
- Review
- Declaration
That structure matters because the documents you upload must match the personal details you typed earlier, and the trading account configuration you choose controls your platform access and pricing model.
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Registration rules that matter from the first screen
Use your legal name and real residential address
Your profile name must match your ID exactly. If your ID shows middle names or multiple surnames, enter them the same way. Your residential address must be a real address, and IC Markets policies for proof of residence explicitly reject P.O. boxes in accepted proof-of-address documents.
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Age and eligibility limits
IC Markets Global states it does not accept account applications from persons under 18.
IC Markets Global also states it does not accept U.S. clients due to regulatory restrictions. In addition, IC Markets applies restrictions for certain jurisdictions in line with policy and sanction limits.
Choosing the right account “shape” before you submit
During onboarding, you make a few setup choices that determine how your Forex account works day-to-day.
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Individual, joint, corporate, and professional classifications
- Individual accounts are the standard path for most Forex traders.
- Joint accounts are available through a specific process: both individuals open their own individual accounts first, then a joint account request is made, and both parties must agree for the joint application to proceed.
- Corporate accounts require additional company documentation and identity checks for directors, shareholders, and beneficial owners.
- Professional client status (where offered under certain entities) requires an application and supporting documentation to verify eligibility.
Platform selection for Forex trading
IC Markets offers multiple platform options depending on the entity and account setup, including MetaTrader and cTrader, and it also supports TradingView connection in supported setups. For TradingView connectivity, IC Markets specifies that you must first have a TradingView account before connecting.
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Account type: spread-only vs raw spreads plus commission
IC Markets commonly offers Standard and Raw Spread style accounts (naming can vary by platform and entity). The functional difference is pricing structure: Standard accounts typically apply a spread markup with no separate commission, while Raw Spread accounts show tighter spreads and charge a separate commission per lot.
These choices do not only change “cost”; they also influence how you evaluate Forex spreads, how you model trading fees, and how you compare trade execution conditions across platforms.
Filling in your personal details without creating verification problems
In the “Your personal details” section, accuracy is the rule. IC Markets checks that your profile matches your documents.
Follow these rules:
- Enter your full legal name exactly as shown on your ID
- Enter your residential address exactly as shown on your proof of residence
- Use an email address you control, because IC Markets sends your trading account and secure client area login details after approval
A mismatch between your typed address and the document address is one of the most common reasons a broker requests resubmission, especially when the street name, apartment number, or postal formatting differs.
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Completing the “Tell us more about yourself” section
IC Markets includes a background section in the live application flow.
This part is used for onboarding checks and typically includes:
- Employment status or occupation information
- Financial background details
- Trading experience and knowledge questions relevant to leveraged products like Forex and CFDs
Appropriateness or suitability testing
For certain entities (notably the EU entity), IC Markets includes an appropriateness test as part of onboarding. If the appropriateness test is failed, IC Markets states you can re-attempt it after a waiting period, and you can use a demo account for platform familiarization in the meantime.
This rule matters because failing the test can pause progression to a fully active live account under that entity’s onboarding standards.
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Trading account configuration: what you actually set here
The trading account configuration step is where you define how you will trade Forex:
- Platform (MT4, MT5, cTrader, TradingView connection where supported)
- Account type (Standard vs Raw Spread style pricing)
- Base currency (availability depends on the entity and available funding options)
- Leverage settings where applicable (leverage availability can differ by entity and product rules)
After you finish this configuration and submit the application, approval triggers the email delivery of your trading account login details and password.
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Verification: rules and document requirements that must be met
Verification is not optional. IC Markets requires identification checks before opening a trading account in line with anti-money laundering obligations.
Proof of identity: what IC Markets accepts
IC Markets accepts government-issued photo identification such as:
- Passport
- National ID card
- Government ID such as a driver’s license or state ID
Document quality rules:
- The photo must be clear and readable
- The ID must not be expired
- The document must show key identity details (full name, date of birth, ID number)
- Some entities specify full visibility of required sides/pages (for example, passport pages visible, national ID front and back)
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Proof of residence: what IC Markets accepts
Accepted proof-of-residence documents include:
- Utility bills (examples include phone, gas, electricity; acceptance varies by entity)
- Bank or credit card statements (photo/scan of a physical letter or PDF statement, depending on entity)
- Government-issued tax documents (accepted under certain entities)
Proof of residence must meet formatting rules
Across IC Markets policies, the proof-of-address document must:
- Show the full document (not cropped)
- Clearly show your name and your residential address
- Avoid P.O. boxes
- Show a normal provision of service or statement activity where applicable
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Specific document exclusions you must follow
IC Markets EU explicitly states that mobile phone bills are not accepted as proof of residence.
Language and translation rule
IC Markets’ AML policy for its Australian entity states it must be able to understand the language shown on your documents, and it may require documents in languages other than English to be accompanied by an English translation.
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If the proof of residence is not in your name
IC Markets help resources describe a path when proof of residence is in a parent’s or spouse’s name: you can provide a bank statement or a secondary identification document showing your residential address.
This is a practical rule that prevents address verification from being blocked when household bills are not issued under your name.
What happens after approval
Once the accounts team approves your online application, IC Markets states you receive your trading account login details and password by email, and you also receive secure client area access details.
The secure client area is where you manage:
- Deposits and account funding
- Withdrawals
- Additional account creation (where allowed)
- Key account settings (depending on entity)
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Funding rules: deposits, minimum amount, and third-party restrictions
Minimum amount to open a trading account
IC Markets states clients can open an account with as little as USD $200 or the currency equivalent (availability and currency equivalent handling can depend on the entity and funding method).
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Deposit through the secure client area
IC Markets Global recommends depositing from inside the secure client area for faster processing, and states that real-time funding is available through instant methods. It also notes that in certain instances deposit processing can take up to an hour for funds to appear in the designated trading account.
No third-party payments
IC Markets Global states it does not accept payments from third parties. Deposits must come from a bank account in your name. Joint bank accounts or cards are accepted if the trading account holder is one of the parties on the joint account or card.
This rule is central to AML compliance and affects both deposits and withdrawals.
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Withdrawal rules that tie back to onboarding
Account opening is not only about getting approved; it also sets the framework for withdrawals.
IC Markets’ AML policies explain that:
- Withdrawal requests are submitted through the secure client area
- The accounts department verifies balances, reviews deposit methods, and confirms account holder details
- Withdrawals are processed under AML controls designed to return funds securely, typically back to the original funding source and to the account holder on file
This means your identity documents, your registered name, and your funding source consistency are not only “sign-up steps”—they directly affect how smoothly withdrawals can be handled later.
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Corporate account opening: extra requirements you must meet
If you open a corporate trading account, IC Markets requires additional legal person documentation plus identity verification for the individuals behind the company.
Corporate documentation commonly includes items such as:
- Certificate of incorporation/registration
- Constitutional documents (articles or memorandum, depending on jurisdiction)
- Director and shareholder details, including ownership information
- Proof of the company’s registered address (within the required “recent” window)
IC Markets policies also describe identity verification for:
- Authorized operators
- Directors
- Beneficial owners or persons with significant control
These individuals must provide a valid photo ID and proof of residence meeting the entity’s recency rules (for some entities, policies reference windows such as 90 days or 180 days depending on the role and jurisdiction).
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Common approval blockers and how to avoid them
Mismatched name or address
If the name or address in your profile does not match the documents, verification becomes difficult. This includes small issues like missing apartment numbers or different spelling of street names. IC Markets’ document rules explicitly require the proof of residence to show the same name and address as the account application.
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Outdated proof of residence
Proof of address must be current within the window defined by your entity’s rules (often expressed as 90 days, 3 months, or 6 months depending on the IC Markets entity). Submitting an older statement commonly leads to rejection or a new request.
Cropped or unclear documents
IC Markets policies require the full document to be shown and the information to be clearly readable. A partial photo, glare, or blur is enough to trigger resubmission.
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Using an unacceptable document type
For IC Markets EU, mobile phone bills are not accepted as proof of residence. Submitting one wastes time and leads to resubmission.
Funding from a third party
Deposits from accounts not in your name are rejected under the “no third-party payments” rule. If you plan to fund from a joint account, you must be one of the named parties.
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A simple checklist that matches IC Markets rules
Use this checklist to open your IC Markets Forex account without delays:
- Create your profile with your legal name and real residential address
- Complete the application sections (personal details, background section, trading account configuration, review, declaration)
- Choose platform and account type that match your Forex trading plan
- Pass required onboarding assessments (including appropriateness testing where applied), and follow the re-attempt rule if needed
- Upload valid, clear, government-issued photo ID
- Upload valid proof of residence that is current, complete, readable, and not a P.O. box
- Avoid excluded documents such as mobile phone bills under IC Markets EU rules
- Wait for approval and receive your trading account and secure client area credentials by email
- Fund from your own account (no third-party payments) and deposit through the secure client area for fast processing
IC Markets account opening is designed to be fast, but it is still a compliance-driven process. If you treat it like a Forex trading setup task—accurate profile data, clean documents, correct account configuration, and compliant funding—you move from registration to a working trading account without repeated document requests. The rules are simple: identity must be verified, proof of residence must meet the document standards for your entity, and funding must come from an account in your name.
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IC Markets deposits and withdrawals for Forex traders
When you trade Forex, your funding setup is not a side detail. It affects how fast you can top up margin, how easily you can move profits out, and how smoothly your broker can pass compliance checks without delaying your request. IC Markets runs deposits and withdrawals through its Secure Client Area, and it applies clear rules: funding must come from you, withdrawals go back to the original funding source, and processing speed depends on the payment rail you choose.
The main rule that controls everything: your funding method decides your withdrawal route
IC Markets ties withdrawals to your deposit method. In practice, that means the way you deposit is also the way your funds are refunded back to you. IC Markets also reserves the right to require withdrawals to be processed through previously used deposit methods, following a sequence it determines.
For Forex traders, the takeaway is simple:
- Pick deposit methods you can also receive money through.
- Keep your funding setup consistent, because switching methods mid-way can create extra steps.
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Where you deposit and withdraw: the Secure Client Area
IC Markets processes funding actions through the Secure Client Area:
- Deposits are initiated from the funding section of the client area.
- Withdrawals must be submitted from within the Secure Client Area.
This matters because IC Markets uses the client area as the control point for account security, verification status, and payment routing.
IC Markets deposit methods
IC Markets offers multiple funding options. The exact list can vary by entity and region, but IC Markets’ own funding pages show the core categories and the main rails used for Forex accounts.
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Bank and transfer-based deposits
Wire transfer (bank transfer)
Bank wire deposits are supported and are designed for larger transfers and for traders who want to fund directly from a bank account. On IC Markets Global, wire transfer deposits are listed with a processing time of 2–5 business days (depending on banks).
Broker to Broker transfer
IC Markets Global also lists “Broker to Broker” as a funding option, with a 2–5 business days processing time. This is typically used when you move funds from another broker to IC Markets using a formal transfer process.
Card deposits
Credit and debit cards
IC Markets Global lists credit and debit card deposits as instant for supported currencies.
That distinction matters for Forex traders because it changes which “card” funding route is available depending on which IC Markets entity holds your account.
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E-wallet deposits
PayPal
IC Markets Global lists PayPal deposits as instant.
Neteller
IC Markets Global lists Neteller deposits as instant.
Skrill
IC Markets Global lists Skrill deposits as instant.
For many Forex traders, e-wallets are popular because they can be fast both in and out when the broker supports withdrawals back to the same wallet.
Local and regional payment methods
IC Markets Global lists additional rails that are commonly used for local transfers and fast domestic funding:
- UnionPay (listed as instant on IC Markets Global)
- BPAY (listed with an approximate 12–48 hr processing time on IC Markets Global)
IC Markets also references further local options in its Help Centre, including methods such as POLi and FasaPay as deposit rails supported under certain setups.
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Deposit currencies and base currency support
IC Markets Global states you can fund trading accounts through multiple base currencies, and its funding page lists supported currencies across methods (such as AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF, with method-specific differences).
IC Markets (EU) presents its funding options grouped into cards, eWallets, and wire transfers, and states it offers flexible funding options in base currencies under that entity.
For Forex traders, base currency selection matters because it affects conversion costs when your deposit currency doesn’t match your trading account currency.
Fees: what IC Markets charges and what third parties may charge
IC Markets Global states it does not charge additional fees for deposits and withdrawals, but it also states banking institutions may apply charges and IC Markets is not responsible for those bank charges.
IC Markets (EU) policy states the company does not charge additional withdrawal fees, but clients may incur fees from international banking institutions, intermediary banks, beneficiary banks, and fees related to certain transfer schemes such as SEPA transfers.
In practical Forex trading terms:
- IC Markets’ platform-side fee can be zero.
- Your bank or payment provider can still charge transfer, currency conversion, or intermediary fees.
- Bank wire transfers are the most likely route to involve intermediary bank charges.
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How to deposit funds on IC Markets step by step
IC Markets uses the same practical structure across methods: you choose a funding rail, choose currency and amount, and complete the transfer flow linked to that method inside the client area. The deposit processing time depends on the rail (instant methods credit fast, bank rails take longer).
A clean deposit workflow for Forex accounts looks like this:
- Log in to the Secure Client Area.
- Go to the funding/deposit section.
- Select your deposit method (card, e-wallet, bank transfer, or local method where available).
- Choose your trading account (if you have more than one).
- Enter deposit amount and currency (based on the method’s supported currencies).
- Complete the payment flow:
- Card: card authentication/approval.
- E-wallet: wallet login and authorization.
- Wire transfer: bank transfer using IC Markets’ provided bank details and reference requirements.
- Confirm deposit shows in the trading account once processing completes.
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IC Markets withdrawal methods
Withdrawals are also managed through the Secure Client Area, and IC Markets applies strict routing rules tied to AML controls and the deposit source.
The core withdrawal rules
Withdrawals go back to the original funding source
IC Markets (EU) policy states that withdrawal of funds is refunded to the source of funding that the client originally deposited from, and it even provides an example sequence: refund to debit card first, then e-wallet, then bank wire for remaining amounts based on how deposits were made.
IC Markets Global also states that withdrawals must be made from the same account from where funds were sent initially, and it reserves the right to require withdrawals via previously used deposit methods in a priority sequence it determines.
No third-party payments
IC Markets Global states it does not process payments to third parties and withdrawals must go to a bank account or source in your name. It also states joint bank accounts or cards are accepted if the trading account holder is one of the parties.
IC Markets (EU) policy similarly states it does not accept third-party or anonymous payments, and it will not process withdrawals/refunds to third-party or anonymous accounts.
Verification must be complete before withdrawals
IC Markets (EU) policy states payments will not be made until all documents are received and the account is fully verified.
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Withdrawal processing time: what “processed” actually means
Processing has two layers:
- IC Markets internal processing (when the back office approves and sends the payment).
- Payment rail settlement time (how long the bank, card network, or wallet takes to credit you).
IC Markets (EU) states withdrawals are processed within 24 hours, and then funds take about 2–5 business days to reach your bank account.
IC Markets (EU) policy adds more detail:
- Withdrawal requests are processed within one working day by BackOffice.
- Bank transfers are processed by IC Markets within one working day, and typically take three to five working days to be credited.
- Debit card withdrawals are normally processed by IC Markets within one working day, but ten working days are required for funds to be credited.
- Other payment methods are usually processed by IC Markets within one working day.
IC Markets Global provides method guidance as well:
- Withdrawal requests have a cut-off time (submitted before the cut-off are processed on the day of receipt; after the cut-off are processed the next business day).
- Card withdrawals, once processed, may take 3–5 business days to reach the card and can take up to 10 business days depending on the bank in rare cases.
- Some withdrawals (such as e-wallet withdrawals) are described by IC Markets Global as instant once processed.
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Method-by-method withdrawal behavior (what Forex traders should expect)
Card withdrawals
Card withdrawals work like refunds. IC Markets Global states that if you want to withdraw more than the amount deposited by certain card deposit rails, you may need to use another previously used deposit method or a bank wire option.
That matters because many Forex traders withdraw both principal and profit. If your deposit was by card, part of the withdrawal may go back to the card up to the deposited amount, while additional amounts can require another method (often bank transfer), depending on how your account is funded and which methods you have used.
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E-wallet withdrawals (PayPal, Neteller, Skrill)
IC Markets Global states withdrawals must be made to the same account where funds were sent initially, and it describes these transactions as free of charge and instant once processed.
Its Help Centre outlines the routing principle clearly: withdrawals depend on the deposit method, and deposits through Neteller, Skrill, and PayPal are routed back through the same wallet.
For Forex traders who want quick access to funds after closing trades, e-wallets can be the fastest “out” method when available for your account.
Bank transfer withdrawals
IC Markets Global warns that international bank wire transfers may take up to 14 days and can incur intermediary and beneficiary fees.
IC Markets (EU) describes a typical bank crediting time of two to five business days after processing, and its policy describes a typical bank crediting window of three to five working days.
For Forex traders, bank transfer withdrawals are the most universal option, and they are often required for profit withdrawals when the original deposit rail cannot receive “excess over deposit” amounts.
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Local methods and special cases
IC Markets Global includes operational notes for certain localized rails, including documentation requirements for some first-time withdrawals and specific bank book requirements for certain regional withdrawals.
IC Markets also indicates that some deposit rails are withdrawn via bank wire rather than back through the same rail (for example, it notes that deposits via certain local rails may be withdrawn via bank wire).
The practical Forex takeaway: if you use a local rail because it’s convenient for deposits, you may still need a bank account in your name for withdrawals.
A policy detail Forex traders often miss: “funds are intended for trading purposes”
IC Markets Global states that funds in your trading account(s) are intended solely for trading purposes, and it states a processing fee may be applied to your withdrawal if your deposits have not been used for trading.
This rule exists to prevent payment rails from being used as a pure money-transfer service. For real Forex trading activity, the clean approach is straightforward: deposit, trade, then withdraw according to the routing rules.
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Common deposit and withdrawal problems (and how to avoid them)
Using a third-party card or bank account
IC Markets does not accept third-party deposits and does not process third-party withdrawals. If you deposit from someone else’s card or bank account, that can trigger rejection and delays.
Fix: Deposit from a bank account or payment method in your name. Joint accounts are acceptable only when you are one of the named holders.
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Trying to withdraw to a new method that was never used for deposits
IC Markets routes withdrawals back to the original funding sources and can require a method sequence based on prior deposits.
Fix: If you want the option to withdraw through a specific method later, fund at least once through that method so it is part of your account’s deposit history.
Expecting bank transfers to be instant
Bank transfers depend on banks and intermediary routing. IC Markets Global explicitly warns international wires can take up to 14 days and may include extra fees.
Fix: Use e-wallets or card rails for fast funding when available and suitable, and reserve bank wires for larger transfers or profit withdrawals where required.
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Account not fully verified
IC Markets (EU) policy states withdrawals are not made until the account is fully verified.
Fix: Complete verification early and keep your profile details aligned with your documents so you don’t get stuck when you want to withdraw from Forex trading.
If you want a stable setup for Forex trading, structure your funding like this:
- Choose your base currency carefully so your deposits don’t force frequent conversions.
- Use a deposit method you can also receive funds through.
- Keep deposits in your own name to avoid AML blocks.
- Maintain at least one bank account method for withdrawals, because it remains the universal back-up route.
- Submit withdrawals from the Secure Client Area and follow the routing sequence IC Markets applies.
IC Markets’ deposit and withdrawal system is built around two priorities: secure payment routing and compliance-grade source-of-funds controls. For Forex traders, that translates into clear, predictable behavior: deposits can be instant on cards and e-wallets, withdrawals are routed back to the original funding sources, and bank rails take longer because banks control settlement time. If you align your funding methods with these rules from the start, your Forex account stays flexible when you need margin quickly and when you want to move funds out.
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Please check IC Markets official website or contact the customer support with regard to the latest information and more accurate details.
Please click "Introduction of IC Markets", if you want to know the details and the company information of IC Markets.
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