Updated on : February 9, 2023

Learn About Various IC Markets Fees and How Backtesting a Trading Strategy Can Save You Money at Traders Union

If you are planning on using a brokerage service, you must have come across IC Markets. After all, IC Markets is a leading online forex and CFD trading platform that offers traders the ability to trade with low fees and competitive pricing. In this article, we will cover the various types of fees that IC Markets has as well as a way you can use to save on them.


Of all the fees that IC Markets tends to charge their users, the most common of all IC Markets fees is the spread. The disparity between the bid and ask price of a financial instrument is referred to as the spread. On IC Markets, the spread is variable and can change depending on market conditions. 

Typically, the spread is wider during periods of high volatility and narrower during periods of low volatility. Traders can check the current spread for any financial instrument by accessing the platform’s trading terminal.

Commission Fee Per Lot

IC Markets Commission Fee per Lot is a fee that is charged based on the size of a trader’s position. This fee is charged in addition to the spread and is calculated as a percentage of the trade size. 

Commission fees per lot can vary depending on the financial instrument being traded and the type of trading account a trader has. It is important for traders to understand the commission fee per lot for their trades, as this fee can have a significant impact on their overall trading costs.

For traders who trade large positions, commission fees per lot can be a more cost-effective way to trade, as the fee is based on the size of the trade rather than the number of trades executed. 

For example, a trader who executes a single trade with a large position size may pay a lower commission fee per lot than a trader who executes multiple trades with smaller position sizes. Traders should consider their trading strategy and the size of their positions when deciding whether commission fees per lot are the right choice for them.

Commission Fee Per Trade

IC Markets Commission Fee per Trade is another fee structure offered by the platform. This fee is charged for each trade executed and is calculated as a percentage of the trade size. 

Commission fees per trade can be more cost-effective for traders who execute a large number of trades with smaller position sizes. However, traders should be aware that commission fees per trade can add up quickly, especially for traders who execute a large number of trades. 

Traders should carefully consider the commission fees per trade when deciding whether this fee structure is right for them.

Save Fees by Backtest Trading Strategies

One way to manage trading fees is by backtesting a trading strategy. Backtesting refers to the process of testing a strategy for trading using historical data. This allows traders to see how their strategy would have performed in the past and make adjustments to their strategy as needed. 

On IC Markets, traders can access a variety of tools and resources to backtest their trading strategy, including the platform’s trading terminal and historical data.

Backtesting a trading strategy can help traders to identify areas where they can improve their trading strategy and reduce their trading fees. For example, a trader may discover that they can reduce their trading fees by adjusting the size of their trades, choosing to trade during periods of low volatility, or avoiding trades with high commission fees. 

By backtesting their trading strategy, traders can optimize their strategy and reduce their trading fees, which can help them to maximize their trading profits.

Final Thoughts

In conclusion, IC Markets offers traders a variety of trading fees, including spreads, commission fees per lot, and per trade. By understanding these fees and backtesting their trading strategy, traders can reduce their trading fees and maximize their trading profits. As with any investment, traders should thoroughly research their options and consider their risk tolerance before trading on IC Markets or any other platform.

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