Funding experience with IC Markets and Paypal

By | June 24, 2018

In summary this article talks about the cheapest way to fund your IC Markets account and my funding experience using this cheapest method (Paypal). It is free if you fund via your Paypal balance.

Below, I walk you through how to fund your IC Markets account using your Paypal Balance.

In Summary, two steps in total.

Step 1: Fund your Paypal account via local funds transfer (Free)

Step 2: Fund your IC Markets account using your Paypal Balance (Free, and no credit card fees)

This is cheaper compared to funding via Bank wire. Although IC Markets will waive off any bank wire fees on their end, your bank will still charge you $20 bank wire fee on your end. (see image #1 below)

funding experience with ic markets

Image #1

I was inspired to write this after my previous popular article: Cheapest way to withdraw from IC Markets is using Paypal


Step 1: 

Login to your Paypal account and click Top Up

funding experience with ic markets

You will see this page. Remember your Paypal Consumer reference number, as you will add it to the fund transfer comments when you transfer the funds to Paypal via internet banking. This is how they identify that the funds belong to you.

funding experience with ic markets

If you have a US bank account, Paypal also allows transfers from your US bank to them.

cheapest way to fund your ic markets account

Local Fund transfer to Paypal(Free).

If you have a DBS/POSB bank account, Go to ‘Pay Bills‘ in the top bar your ibanking portal, then –> Add Paypal as your billing organisation (Right side of screen)

Type to search Paypal and add your consumer reference number (Found in your Paypal login page, under Top-Up)

If you are not from Singapore, follow Paypal’s instructions on how to do a local fund transfer from your bank to Paypal.

funding experience with ic marketsfunding experience with ic markets

funding experience with ic markets

funding experience with ic markets

Once you have added Paypal, just transfer your funds to them for free and they will appear in your Paypal balance in 2-4 working days.

Final step (Step 2)

Simply fund your IC Markets account using your Paypal balance. (Free)

funding experience with ic markets

So in summary:

  1. Do a local fund transfer into Paypal
  2. Fund your IC Markets account using your Paypal Balance

There you go, hope you learnt the cheapest way to fund your IC markets account!

If you are trading Forex and you want a cash rebate on every trade whether you win or lose, sign up for our IC Markets rebates here. There is a $1.50 per lot real-time rebate (rebate paid instantly to your trading account) on every lot you trade.

funding experience with ic markets

If you like to have the same for other brokers, we have over 30 brokers rebate deals on our homepage, sign up for them!

 

2 thoughts on “Funding experience with IC Markets and Paypal

  1. Faisal Taha

    Hi
    Thanks for the info. However , I don’t see an option to fund my ic markets account on their deposit page !! On their withdrawl page they say you can withdraw through PayPal if you have deposited through it , but as stated above, I don’t see any option for a PayPal payment !!!

    Reply

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