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IC Markets Fees Explained: Spreads, Commission, and the All-In Cost

By Ken Chigbo, Founder, KenMacro. 18-plus years across London trading floors and institutional FX. Audit framework runs daily inside the MACRO MASTERY desk.

Affiliate disclosure: KenMacro earns a commission if you open an account with IC Markets through links on this page, at no cost to you. The editorial verdict is independent of that commission and based on the desk’s institutional broker-audit framework.

The headline fee picture

IC Markets runs a tiered fee structure. The standard tier is spread-only, no per-trade commission. The raw-spread tier charges commission per round-turn lot, with tighter spreads on the same instrument. The all-in cost per tier is the operationally relevant number, not the headline raw spread on its own.

EUR/USD on IC Markets posts at 0.0 to 0.1 pips raw (Raw Spread MT4 / MT5 / cTrader), 1.0 to 1.2 pips (Standard). Commission is $7 round-turn (Raw Spread MT4 / MT5), $6 round-turn (cTrader), zero on Standard. Convert the commission to pip-equivalent (a round-turn $7 on EUR/USD works out to roughly 0.7 pips on a standard lot) and the all-in cost is the operationally relevant number.

Spread tiers across account types

The raw-spread tier compresses the headline figure but adds the commission line. For high-frequency traders placing 50-plus round-turns daily, the raw tier nearly always undercuts the standard tier on all-in cost. For low-frequency traders placing fewer than 10 round-turns daily, the standard tier is often the simpler choice.

Swap charges

Overnight swap charges are calculated against the interest-rate differential between the two currencies in the pair, plus the broker’s mark-up. IC Markets applies swaps on positions held past the rollover window (typically 22:00 GMT). Sharia-compliant swap-free accounts are available where the broker entity supports it. Refer to IC Markets’s published swap schedule per instrument for the exact daily figures.

Deposit and withdrawal fees

IC Markets supports Bank wire, Visa, Mastercard, PayPal, Skrill, Neteller. No broker-side fees on most methods. International bank wire may carry a $20 intermediary fee. E-wallets and cards same business day. Bank wire 1 to 3 business days.

The honest all-in cost framing

No FCA UK entity. UK clients onboard via CySEC or FSA Seychelles, which sits below the FSCS floor. For the active scalping and cTrader-native archetype, IC Markets is the partner stack the desk runs every day.

FAQ

What commission does IC Markets charge?

$7 round-turn (Raw Spread MT4 / MT5), $6 round-turn (cTrader), zero on Standard. The commission tier scales with account tier, the higher the deposit floor the lower the commission per round-turn lot.

Are IC Markets spreads tighter than the competition?

IC Markets posts 0.0 to 0.1 pips raw (Raw Spread MT4 / MT5 / cTrader), 1.0 to 1.2 pips (Standard). The all-in cost is what matters, not the headline raw figure. Versus the partner stack the desk runs, IC Markets is competitive on the relevant tier.

Does IC Markets charge inactivity fees?

Inactivity fees vary by entity and account tier. Refer to IC Markets’s published fee schedule for the entity you onboard under. The desk’s general read: inactivity fees should not be the deciding factor, but they should be priced in if you trade infrequently.

What are the withdrawal fees at IC Markets?

No broker-side fees on most methods. International bank wire may carry a $20 intermediary fee.