|Account Type||Standard||Raw Spread||cTrader|
|Rebate rate||0.3pips direct spread reduction||$1.50 direct commission discount / 21.5% commission discount||8% commission discount|
|Rebate option||Direct spread reduction||Direct commission discount||Direct commission discount|
|Original commission rate||No commission||$7 per rt lot (USD7, AUD7, EUR5.50, GBP5, SGD9)||$6 per rt lot ($6 of base ccy, i.e. EUR6 for EURUSD)|
|Commission after discount||No commission||$5.5 per rt lot (USD5.5, AUD5.5, EUR4.3, GBP3.7, SGD7)||$5.5 per rt lot ($5.5 of base ccy, ie EUR5.5 for EURUSD)|
|Spreads||From 1.0pips||From 0.0pips||From 0.0pips|
|Spreads after direct reduction||From 0.7pips||From 0.0pips||From 0.0pips|
|Min trade size||0.01||0.01||0.01|
|Min distance pending orders||None||None||None|
|Open account with above discount/spread reduction|
Select ‘Standard/ Raw Spread/ cTrader’ account when opening a live account
Input our partner ID ‘1441’, and answer YES, when asked “Were you referred by an Introducing Broker?” and the above discount/spread reduction will be automatically applied to your account
If you have an existing account and want to receive the commission discount, please email email@example.com with your account number and request a transfer to IB number 1441.
- In your email, include a request for them to apply a $1.50 commission discount (8% discount for cTrader) to your account
- They will reply once this is completed, and you can start enjoying the discount!
Your spreads and trading conditions remain exactly the same – There is no spread mark up to provide you this service.
The IC Markets account is useful if you are a scalper, because they offer the best spreads overall in the industry. Other brokers don’t have such good spreads
Frequently Asked Questions
- Is this commission discount/rebate service 100% legitimate?
- Yes, Abundance Trading Group is an introducing broker (IB) of all brokers listed on our website, and our role is to introduce new clients to them. We do this by giving back to you part of our referral fee the directly to you in the form of a commission discount.
- Is your service free?
- Absolutely. You do not pay a single cent, and you are not at a disadvantage because we don’t mark up your spreads
- Do you mark up my spreads?
- No! We will never do that. Honesty and Integrity is a big part of Abundance Trading Group and we will not do anything to put our clients at a disadvantage. It would also be disadvantageous for us to do that because we would earn a bad reputation for ourselves and future clients would not come to us
- How do I sign up for the rebates or commission discount?
- If I sign up with you, will you have access to my trading account and trade information?
- No. Absolutely not. Only you have access to such information. We only receive compensation for referring you.
- Does it matter if my trades are profitable or not?
- You will receive a commission discount/rebate no matter whether your trades are profitable or not. There is no disadvantage to you.
Questions about IC Markets Rebates?
See the commission discount in action!
For SGD accounts, IC Markets charges 9 SGD (7 USD) per rt lot before discount, after discount, 7 SGD (5.5 USD), a 22% discount, or a $1.50 commission discount
Sign up instructions and existing accounts
To open a Standard, cTrader or Raw Spread account with the above IC Markets commission discount, please click here.
When asked: “Were you referred by an Introducing Broker?”, click Yes and input 1441 for the ‘Partner ID’
If you have an existing account and would like to receive the commission discount, please email firstname.lastname@example.org with your account number and request a transfer to IB number 1441.
What to expect (account opening): Once you click the link above, it will send you to IC market’s webpage. Go ahead and open your account there. Fill out your personal details. Input 1441 for ‘Partner ID’ in the section ‘were you referred by an introducing broker?’, to gain access to the discount. Then submit your proof of identity (scanned passport page) and proof of address (scanned utility bill) and wait 12-48 hours for your account to be opened. Once your account is opened, the $1.50 commission discount is automatically applied to your account. If you forgot to input our partner ID 1441 earlier, don’t worry. Simply email email@example.com and tell them you’ve just opened an account and would like to link it to ‘partner ID 1441‘ to gain access to the $1.50 commission discount
What to expect (if you have an existing account): Email firstname.lastname@example.org and request a transfer of your account to our IB number 1441. In your email, include a request to apply a $1.50 commission discount (or 8% for cTrader) to your account. They will reply once it is completed. Once this is done, the discount applied to your account and you can start enjoying it!
- We are always available to assist with the account opening or account transfer through live chat via facebook message or email email@example.com. You will be speaking with Linton
Don’t wait! The faster you sign up, the more you save!
Leave us a review in the comments section below if you have benefited from this rebate!
Live spread comparison
Typical EURUSD spreads are 0.0 to 0.3 pips
Currency pairs and CFDs
They have an extremely wide selection of instruments – A total of 77 currency pairs and CFDs, including index futures (SPX, DOW, Hang Seng, Nikkei, ASX) and commodities (WTI, Brent, Gold).
Stop level, leverage and min trade size
They have zero stop level and offer 500:1 leverage with 0.01 min trade size.
Trade server location & Execution speed from VPS
Their trading servers are located at NY4 (New York) and co-location is possible from a New York based VPS from CNS (Commercial Network Services) or Beeks. Both are located within the same data centre as IC Market’s trading servers and have direct cross connects to it.
Ping latency from a New York based VPS for CNS and Beeks is <1ms* — Execution speed from my NY based **CNS VPS is: ~125ms
IC Markets will sponsor your CNS or Beeks VPS if you trade a minimum of 15 lots in a month. You can read a review about Commercial Network Services and Beeks VPS here.
**My VPS specs: CNS NY, Trader’s VPS Standard Edition, 4 cores 2GB ram, Win server 2012.
Note Win 2012 has 20 to 30% more ticks than Win server 2003. This is very important point to take note of as your trade can only be executed with an incoming tick. Those on Win 2003 may miss trading opportunities if running EAs that trade per tick rather than at the close of each bar. I write more about this at the bottom of the recommended VPS providers section as well as the tick counter indicator section