IC Markets Review
Overall, IC Markets gives Rwandan traders access to forex, indices, commodities, and crypto with pricing that is among the most competitive globally.
Regulation is international, accounts start from $200, and you can choose between MetaTrader, cTrader, or TradingView for your preferred setup.
 | Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Overview
| Category | Details |
| 🏦Rwanda Office Address | Not in Rwanda, offices are in Seychelles, Australia, Cyprus, Kenya, and the Bahamas |
| 📧Email Support | support@icmarkets.com |
| 📞Phone Support (Rwanda) | Not in Rwanda, general international line +248 467 19 76 |
| 💬Live Chat | Available 24/7 |
| ⏱️Customer Support Hours | 24/7 coverage via chat, phone, and email |
| ⏳Office Operating Hours | Seychelles and Bahamas entities operate Monday to Saturday 07:00 am – 07:00 am AEST, Sunday to Friday 10:00 pm – 10:00 pm GMT, Kenya office Monday to Saturday 09:00 am – 05:00 pm EAT |
| 🌐Official Website | www.icmarkets.com |
| 🚀 Sign up | 👉 Open Account |
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Fund Protection and Broker Regulation
IC Markets accepts traders in Rwanda through its international entities. While IC Markets is not locally regulated by either the BNR or CMA in Rwanda, the following regulations apply:
| 🌎 Regulatory Body | 🇨🇴 Country | 🔢 License Number | ⏺️ Status / Description |
| FSA Seychelles | Seychelles | Licence No. SD018, Company No. 8419879-2 | Rwandan traders are onboarded under Seychelles oversight. Client funds are kept in segregated trust accounts with international banks. |
| CMA | Kenya | Licence No. 199 | Kenya is the closest regional regulator to Rwanda. The licence demonstrates IC Markets’ recognition in East Africa, although it only applies to Kenyan residents. |
| SCB | The Bahamas | Licence No. SIA-F214, Company No. 76823 C | Some international accounts are held under the Bahamas licence. This means offshore supervision is an option if Seychelles isn’t allocated. |
| ASIC | Australia | AFS Licence No. 335692, ACN 123289109 | ASIC is among the highest-tier regulators globally. Rwandans do not fall under this licence. |
| CySEC | Cyprus | CIF Licence No. 362/18 | This covers European clients. Rwandans are not registered here, but CySEC’s membership of ESMA indicates adherence to EU investor protection standards. |
Are Rwandan traders’ funds insured or guaranteed under IC Markets regulation?
While IC Markets segregates funds, it does not provide deposit insurance; protection relies on strict regulatory oversight.
Can IC Markets’ regulatory status be verified publicly?
Yes, you can confirm IC Markets’ licences directly through the ASIC, CySEC, and FSA regulator websites.
Features of IC Markets Accounts Available in Rwanda
IC Markets gives traders in Rwanda access to different account options. You can go for tight pricing with commissions, or stick with spreads that already include the cost. Accounts start with a $200 minimum deposit, and leverage goes up to 1:1000 across the board.
| 💻 Live Account | 💳 Minimum Dep. | 👉 Open an account | 📊 Leverage | 💸 Commissions |
| Raw Spread – MetaTrader (MT4 & MT5) | $200 | 👉 Open Account | Up to 1:1000 | $3.50 per lot (per side) |
| Raw Spread – cTrader | $200 | 👉 Open Account | Up to 1:1000 | $3.00 per $100k (per side) |
| Standard – MetaTrader (MT4 & MT5) | $200 | 👉 Open Account | Up to 1:1000 | None |
Raw Spread Account – MetaTrader (MT4 & MT5)
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4 & 5 |
| 📉 Spread Pips | From 0.0 pips, EUR/USD often sits near 0.1 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Shares, forex, bonds, crypto, indices, metals, commodities |
| 🏆 Best For | Traders in Rwanda who focus on precision pricing and want tight spreads for strategies like high-volume scalping or Expert Advisors |
| ✅ Advantages | Access to over 25 liquidity providers, commission $3.50 per lot per side, spreads from 0.0 pips, no stop-distance limits, execution on NY4 servers with stability for algo-heavy strategies |
| 🚀Sign up | 👉 Open Account |
Raw Spread Account – cTrader
| Account Feature | Value |
| 💻 Trading Platforms | cTrader with TradingView integration |
| 📉 Spread Pips | From 0.0 pips, EUR/USD usually around 0.1 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Forex, commodities, metals, indices, crypto |
| 🏆 Best For | Rwandan traders who prefer cTrader’s order depth and visual layout, or anyone who builds strategies on TradingView before execution |
| ✅ Advantages | Level II market depth, commission $3 per $100k per side, London-hosted servers for low latency, no restrictions on order types, strong match for traders who rely on transparency in pricing |
| 🚀Sign up | 👉 Open Account |
Standard Account – MetaTrader (MT4 & MT5)
| Account Feature | Value |
| 💻 Trading Platforms | MT4 and MT5 |
| 📉 Spread Pips | From 0.8 pips, EUR/USD typically 0.8 |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Trading Instruments | Indices, crypto, forex, commodities, metals, shares, bonds |
| 🏆 Best For | Rwandans who want everything wrapped into the spread without managing commission charges, useful for less frequent trading or multi-asset access in one place |
| ✅ Advantages | Commission-free structure, stable access to all available markets, hosted on New York servers for reliability, open to every trading style without restrictions |
| 🚀Sign up | 👉 Open Account |
Demo Account
| Account Feature | Value |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| 🛠️ Features | Real-time quotes, unlimited accounts, choice of balance, leverage and currency, expires only if unused for 30 days |
| 🏆 Best For | Rwandan traders who want to compare how different platforms handle execution, or to trial strategies in a risk-free environment |
| 🚀Sign up | 👉 Open Account |
Islamic Account
| Account Feature | Value |
| 💻 Trading Platforms | MT4, MT5, cTrader |
| 📉 Spread Pips | From 0.0 pips on Raw, from 0.8 on Standard |
| 💰 Minimum Deposit | $200 |
| 📈 Maximum Leverage | Up to 1:1000 |
| 💹 Markets Offered | Metals, commodities, crypto, forex, indices |
| 🏆 Best For | Rwandan traders who follow Islamic finance principles and want swap-free conditions without losing access to IC Markets’ pricing and range |
| ✅ Advantages | Transparent holding fee structure after five days, zero overnight interest, swap-free access across Raw and Standard accounts, compatible with all strategies |
| 🚀Sign up | 👉 Open Account |
What are the main IC Markets account types available in Rwanda?
Rwandans can choose between the Standard Account, Raw Spread Account, and cTrader Raw Account.
Does IC Markets offer a cent or micro account for Rwandan beginners?
No, IC Markets does not offer cent accounts; the Standard account is the most suitable for small deposits.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Application Steps for Rwandan Traders
Opening an account with IC Markets from Rwanda is easy and involves completing a set of requirements step by step. Here’s how it works:
Step 1: Start Registration
Visit the official IC Markets website and click Start Trading on the homepage.
Choose Rwanda as your country of residence.
Enter your full name, email address, and mobile number, then create your login credentials.
Step 2: Confirm Your Email
IC Markets will send a verification email to the address you provided.
Open the email and click the confirmation link.
Set your account password and continue through the Secure Client Area.
Step 3: Complete Personal and Trading Details
Provide your date of birth and residential address in Rwanda.
Select your preferred trading platform — MetaTrader 4, MetaTrader 5, or cTrader.
Choose your account type and account currency, then review and accept the mandatory disclosures and terms.
Step 4: Upload Verification Documents (KYC)
Submit valid proof of identity, such as:
A Rwandan national ID card
A valid passport
A driver’s licence
Provide proof of address, such as a recent utility bill or bank statement issued within the past six months.
Upload these documents securely through the Client Area.
Step 5: Account Verification
IC Markets will review your application and documents in line with its Seychelles Financial Services Authority (FSA) regulations.
This process usually takes under 24 hours, depending on document clarity and accuracy.
Step 6: Fund Your Account
Once verified, log in to your Secure Client Area and choose Deposit Funds.
Common payment options for Rwandan traders include Visa, Mastercard, bank transfers, and e-wallets.
IC Markets does not impose a minimum deposit, so you can start with any amount that fits your trading plan.
Step 7: Start Trading
You’ll receive your platform login credentials via email.
Download your selected platform (MT4, MT5, or cTrader) and sign in using those details.
You may also open a demo account to practise before funding your live account.
Can Rwandan traders open joint or corporate accounts with IC Markets?
Yes, both joint and corporate account registrations are supported with the required documentation.
Which trading platform is best for advanced Rwandan traders?
cTrader offers more transparency, advanced order types, and depth-of-market view — ideal for experienced traders.
Broker Comparison: IC Markets vs Alternatives in Rwanda
| Pepperstone | AvaTrade | AvaTrade | |
| ⚖️ Regulation | ASIC, CySEC, FSA, SCB | FCA, CySEC, DFSA, FSCA, FSA, CMA, FSC | CBI, CySEC, ASIC, FSCA, ISA, FSA, FSC BVI, FSRA, KNF |
| 📱 Trading Platform | MT4, MT5, cTrader, TradingView, IC Social, ZuluTrade, Signal Start | MT4, MT5, WebTrader, HFM App | MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade |
| 💰 Withdrawal Fee | Yes (intl. bank wire 20 AUD) | No | No |
| 📊 Demo Account | Yes, unlimited, no expiry | Yes, unlimited, up to $100k | Yes, $10k, unlimited |
| 📈 Minimum Deposit | $200 | $0 (Cent, Premium, Zero), $100 (Pro), $250 (Pro Plus) | $100 |
| 📈 Leverage | Up to 1:1000 | Up to 1:2000 | Up to 1:400 |
| 📊 Spread | From 0.0 pips (Raw) | From 0.0 pips (Zero) | From 0.6 pips (Pro) |
| 💰 Commissions | $3.5/lot Raw MT, $3/lot Raw cTrader | $6/lot Zero | None |
| ✴️ Margin Call/Stop-Out | 50% / 20% | 50% / 20% | 100% / 50% |
| ✴️ Order Execution | Instant Execution | Market execution | Market execution |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | Yes | No |
| 📈 Account Types | Raw MT, Raw cTrader, Standard | Cent, Premium, Pro, Zero, Pro Plus, Bonus | Standard, Pro, Islamic, Demo |
| ⚖️ CMA/BNR Regulation | No | No | No |
| 💳 RWF Deposits | No | No | No |
| 📊 Rwandan Franc Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | Yes | Yes | Yes |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 👉 Open account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Overview of IC Markets Trading Platforms in Rwanda
Rwanda’s trading community is still relatively small compared to other African markets, but it has grown steadily alongside the country’s digital finance push. With Kigali emerging as a regional tech hub, access to platforms that link directly with international liquidity is increasingly relevant.
IC Markets gives you options that range from social trading to institutional-style execution tools to match your platform choice to the way you want to trade global markets.
TradingView Integration
TradingView with IC Markets brings global charting directly to your account setup. Analysts and traders in Africa widely use it for its flexibility.
Key Features
- Strategy tester to replay trades with historical data.
- Over 15 interactive chart types with 100+ drawing tools.
- Economic calendar built into the charting interface.
- Customisable alerts that can be triggered by SMS, app, or email.
TradingView is ideal for Rwandan traders who want to track multiple asset classes and test trade ideas before committing capital.
IC Social Trading
IC Social links to your MetaTrader account and brings you into a community of traders. This offers Rwandans a channel to learn while they place trades.
Key Features
- Risk copy management lets you set your own exposure before following.
- Direct integration with MetaTrader 4 accounts.
- Instant messaging to discuss strategies with other traders.
- Trade replication in real time across forex, indices, and commodities.
IC Social is ideal for Rwandan traders who want to combine trading with group interaction and keep visibility on what peers are doing.
ZuluTrade
ZuluTrade’s partnership with IC Markets means you can access providers ranked globally and filter them to suit your preferences.
Key Features
- Detailed statistics for each signal provider, including drawdown and trade length.
- Portfolio tools that combine multiple providers into one account.
- Simulation mode to check hypothetical results before committing funds.
- Custom stop levels to limit downside on copied trades.
ZuluTrade is ideal for Rwandan traders who want automated exposure to global providers but still value custom risk settings.
IC Markets MetaTrader 4
MetaTrader 4 is valuable to Rwandans because of its lighter system requirements, which suit traders who use entry-level laptops or mobile connections.
Key Features
- Integrated Trading Central reports for technical outlooks.
- Custom indicators and Expert Advisors are installable from the MQL4 marketplace.
- Multiple order types, including pending and instant execution.
- One-click trading from chart windows for quicker entries.
MT4 is ideal for Rwandan traders who want a platform that is stable on modest hardware while still offering automation through Expert Advisors.
IC Markets MetaTrader 5
MT5 is more versatile for traders in Rwanda who want to diversify their investment portfolios. Execution is hosted in the NY4 Equinix data centre, giving traders the kind of speed usually associated with institutional venues.
Key Features
- Economic calendar with news releases displayed on charts.
- Built-in MQL5 community for scripts, indicators, and automation tools.
- Additional timeframes, including 2-minute and 3-hour charts.
- Strategy tester for multi-threaded and multi-currency backtests.
MT5 is ideal for Rwandan traders who want broader asset coverage and timeframes that allow better chart analysis.
IC Markets cTrader
cTrader through IC Markets is for traders who want transparency on order flow. cTrader’s order book view is an advantage in Rwanda, where many traders prefer to confirm liquidity depth.
Key Features
- Detachable charts with custom layouts for multiple monitors.
- Depth of Market showing volumes at each price level.
- Built-in sentiment indicator based on aggregated client orders.
- Advanced take-profit and stop-loss order options.
cTrader is ideal for Rwandan traders who want market depth tools and sentiment data to support scalping or short-term strategies.
Signal Start Integration
Signal Start links IC Markets accounts to signal providers globally. It centralises the process for Rwanda-based traders who want monitoring as well as copy functionality.
Key Features
- Multi-account mirroring from one provider subscription.
- Hosting handled on Signal Start’s servers, with no downtime.
- In-platform analytics powered by Myfxbook.
- Compatibility with both MetaTrader 4 and MetaTrader 5 accounts.
Signal Start is ideal for Rwandan traders who want to automate exposure across more than one account with analytics baked in.
VPS Hosting
IC Markets partners with VPS providers so you can run Expert Advisors continuously.
Key Features
- Free access is available if you meet the monthly trading lot requirement.
- Remote access through standard desktop connection.
- 24/7 uptime with support for Expert Advisors and indicators.
- Options for different VPS tiers based on account activity.
VPS hosting is ideal for Rwandan traders who rely on automated systems and want execution routed through international data centres with minimal delay.
Does IC Markets allow automated trading in Rwanda?
Yes, all platforms support Expert Advisors (EAs), algorithmic strategies, and custom indicators.
Can Rwandan traders use copy trading or social trading features with IC Markets?
Yes, IC Markets integrates with Myfxbook AutoTrade, ZuluTrade, and cTrader Copy.
Which Assets Can You Trade on IC Markets in Rwanda?
IC Markets opens the door to instruments that tie into Rwanda’s economy, trade, and regional links.
| Market Type | Market Description | Examples/Popular Instruments | Reasons Why Indonesian Traders Should Be Familiar With This Type |
| 📈 Stocks CFDs | Trade major global companies as CFDs. | Barrick Gold, Newmont, Diageo, Unilever, AB InBev | Gold miners connect with Rwanda’s export profile. Diageo and AB InBev products are widely consumed in East Africa. Unilever’s household brands are strong across the region. |
| 🛢️ Commodities CFDs | Energy and agricultural products. | WTI, Brent, Coffee Futures, Sugar Futures | Oil imports drive inflation in Rwanda, making WTI and Brent relevant. Coffee is a core export. Sugar ties into East African trade flows. |
| 📊 Indices CFDs | Benchmarks of global equity markets. | US500, USTEC, DE40, UK100 | US500 is used to track sentiment that affects USD pairs. Nasdaq attracts younger Rwandan traders for tech exposure. DE40 links with euro trade. UK100 is followed around GBP moves. |
| 📉 Futures CFDs | Contracts reflecting future prices. | DXY Futures, VIX Futures | Dollar Index futures are key because Rwanda’s trade is largely dollar-settled. VIX is followed by traders who want volatility exposure. |
| 🏦 Forex CFDs | Major and cross currency pairs. | EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD | EURUSD matters through Rwanda’s EU trade. GBPUSD reflects banking and development ties with the UK. USDJPY tracks Japan’s investment role. USDCAD adds commodity exposure linked to Canada. |
| 💵 Bonds CFDs | Government debt instruments. | UST10Y, UST30Y, EURBUND | US 10-year is a global rate benchmark watched with USD pairs. The 30-year bond is used for long-term positioning. Bunds are tracked given Rwanda’s EU exposure. |
| 🚀 Crypto CFDs | Leading digital assets with leverage. | BTCUSD, ETHUSD, LTCUSD, XRPUSD, BNBUSD | Bitcoin dominates because of liquidity and mobile money access. Ethereum is popular with traders interested in DeFi. Binance Coin is familiar through Binance P2P use in East Africa. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Fees Breakdown for IC Markets
IC Markets gives traders in Rwanda access to spreads that start from zero, commissions that scale with your account type, and transparent rules around swaps, inactivity, and withdrawals.
What are the spreads I pay?
IC Markets’ pricing depends on what you trade and your account type. Forex, commodities, indices, metals, bonds, and crypto all follow unique spread ranges. Here’s a snapshot across different markets:
| Instrument | Min Spread | Avg Spread |
| Forex | 0.0 | 0.1 |
| EUR/USD | 0.0 | 0.02 |
| GBP/USD | 0.0 | 0.23 |
| USD/JPY | 0.0 | 0.14 |
| Commodities | ||
| Gold (XAU/USD) | 0.00 | 1.08 |
| Silver (XAG/USD) | 0.00 | 0.89 |
| Brent Oil Spot | 0.03 | 0.034 |
| Indices | ||
| US500 | 0.20 | 0.49 |
| US30 | 1.00 | 1.41 |
| NASDAQ (USTEC) | 1.00 | 1.81 |
| Metals | ||
| Platinum (XPT/USD) | 18.2 | 42.3 |
| Palladium (XPD/USD) | 86.0 | 162.7 |
| Silver (XAG/USD) | 0.00 | 0.89 |
| Bonds | ||
| US 10Y T-Note | 0.031 | 0.031 |
| UK Gilt | 0.012 | 0.012 |
| Euro Bund | 0.011 | 0.011 |
| Crypto | ||
| BTC/USD | 8.71 | 42.04 |
| ETH/USD | 4.56 | 11.61 |
| XRP/USD | 0.008 | 0.020 |
When do I pay commissions?
Commissions only apply to Raw accounts. The fees are per lot per side on MetaTrader 4 and MetaTrader 5, while on cTrader and TradingView, they are based on $100,000 traded.
| Platform | Commission Structure | Example |
| MetaTrader 4/5 (USD Account) | $3.50 per lot, per side | $7 round turn on 1 lot |
| MetaTrader 4/5 (EUR Account) | €3.25 per lot, per side | €6.50 round turn |
| MetaTrader 4/5 (GBP Account) | £2.75 per lot, per side | £5.50 round turn |
| cTrader / TradingView | $3.00 per side per $100k | $6 round turn per $100k |
What happens to overnight positions?
If you keep trades open past the trading day, overnight charges apply, and they reflect interest rate differences in forex or futures pricing in indices and commodities. The calculation is automated and changes daily.
Rwandan traders who need a swap-free account can request IC Markets’ Islamic account. Instead of swaps, a flat-rate holding fee applies once the initial grace period ends.
Conditions:
- Fee applies daily, including weekends.
- No charge for the first five days on most instruments (except certain energy products).
- Flat-rate fee is fixed per instrument, not dependent on interest rates.
Examples of daily holding fees on an Islamic account:
- EUR/USD: 3 units
- AUS200: 1 unit
- XAU/USD: 12 units
- BTC/USD: 13 units
What happens to my dormant account?
If you leave your account unused for more than two years, IC Markets applies a $10 monthly administration fee. The deduction continues until you either resume trading or the balance runs to zero.
Does IC Markets charge deposit or withdrawal fees?
Deposits are free, but withdrawals are subject to a fee. International bank wires may attract a provider charge of around AUD 20.
What happens to RWF deposits and withdrawals?
IC Markets doesn’t support the Rwandan Franc as a base currency. That means any deposit you make is automatically converted into your chosen account currency (commonly USD).
The same applies to withdrawals. The conversion uses the spot rate available at the time, and costs will vary depending on market pricing when the transaction is processed.
IC Markets Deposits and Withdrawal Options for Rwandan Traders
If you open an account with IC Markets from Rwanda, funding and withdrawals are done through your client portal. There isn’t a branch office in Kigali, which means all payments go through global channels that IC Markets supports.
IC Markets Deposits
| Deposit Method | Supported Currencies | Processing Time |
| Credit / Debit Card | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | Instant |
| PayPal | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant |
| Neteller | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant |
| Skrill | AUD, USD, JPY, EUR, SGD, GBP | Instant |
| UnionPay | RMB | Instant |
| Bank Wire Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | 2–5 business days |
| Bpay | AUD | 12–48 hours |
| Broker to Broker Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, HKD | 2–5 business days |
| POLi | AUD | Instant |
| Thai Internet Banking | USD | 15–30 minutes |
| Rapidpay | EUR, GBP | Up to 2 business days |
| Klarna | EUR, GBP | Up to 2 business days |
| Vietnamese Internet Banking | USD | Instant |
How can I deposit into an IC Markets account?
- Sign in to the Secure Client Area.
- Pick the deposit method you want.
- Select the base currency of your account.
- Enter the amount you want to fund.
- Submit the request and wait for confirmation.
IC Markets Withdrawals
| Withdrawal Method | Supported Currencies | Typical Timeframe |
| Credit / Debit Card | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD | 3–5 business days (up to 10) |
| PayPal | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, HKD, CHF | Instant once processed |
| Neteller | USD, AUD, GBP, EUR, CAD, SGD, JPY | Instant once processed |
| Skrill | AUD, USD, JPY, EUR, SGD, GBP | Instant once processed |
| UnionPay | RMB | Can take a few days |
| Bank Wire Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF | Up to 14 days |
| Bpay | AUD | Domestic timelines |
| Broker to Broker Transfer | AUD, USD, JPY, EUR, NZD, SGD, GBP, CAD, CHF, HKD | Standard wire timings |
| POLi | AUD | By bank transfer |
| Thai Internet Banking | USD | Around 1 business day |
| Rapidpay | EUR, GBP | Up to 2 business days |
| Klarna | EUR, GBP | Up to 2 business days |
| Vietnamese Internet Banking | USD | Bank processing times |
How can I withdraw from an IC Markets account?
- Log in to the Secure Client Area.
- Choose the withdrawal option.
- Select the method linked to your deposit.
- Enter the amount you want to withdraw.
- Upload supporting documents if it is your first withdrawal by bank transfer.
- Submit the request and track progress from your portal.
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Research and Learning Support for Rwandan Traders
IC Markets offers Rwandans tools and resources that are ideal for traders who want depth, context, and practical tools. Every feature is built into the account setup, allowing you to focus on your trading without piecing things together from random sources.
| Tool | Description | Purpose for Traders |
| 📲 Advanced Trading Tools | Extra functions for MetaTrader, including order management, sentiment, and correlations across markets. | Gives Rwandan traders access to pro-level features usually reserved for institutional platforms, which is perfect for handling multiple positions during active hours. |
| 🎥 Web TV | Market coverage streamed directly from the NYSE floor in short segments. | Keeps traders in Rwanda updated on global news. |
| 📲 Education | Courses that explain forex and CFDs from basics through to leverage and market mechanics. | Helps Rwandan traders handle global markets with prices that change outside local business hours. |
| 🎥 Videos | Walkthroughs for platform setup, order placement, and trading features. | Useful for Rwandan traders who want quick solutions instead of waiting for support responses. |
| 🔊 Podcasts | Expert discussions on macroeconomics, sectors, and geopolitics. | Supports Rwandan traders who want to understand how African and global developments connect to currency and commodity moves. |
| 🗓️ News and Economic Calendar | Economic events listed by impact and time zone, with related forex news. | Essential for Rwandan traders who plan around major data releases while factoring in East Africa’s time zone differences. |
| 📚 Glossary | Short definitions for trading terms and market jargon. | Helps new Rwandan traders understand technical trading language. |
| 📉 IC Insights | Analyst-driven platform showing sentiment, forecasts, and market positioning. | Gives Rwandan traders a wider market view, which is useful for those who follow stocks and crypto. |
| 🔊Webinars | Live sessions on trading setups, strategies, and psychology. | Allows Rwandan traders to engage with global market themes without needing to travel or rely on local seminars. |
| 📚 Blog and Market Commentary | Daily and weekly posts on price levels, catalysts, and events. | Keeps Rwandan traders updated on changing technical levels and macro themes relevant to forex and commodities. |
| ⌨️ Trading Calculators | Built-in calculators for pip values, margin, swaps, and profit models. | Saves Rwandan traders from doing manual calculations and helps to manage exposure in USD-based accounts. |
| 📊 Trading Central | Market analysis, technical indicators, and real-time signals. | Provides Rwandan traders a second layer of analysis to confirm their setups before entering trades. |
| ⏺️ TeamViewer Support | Remote technical help for platform installation and account issues. | Important for Rwandan traders who face connectivity or configuration problems and need direct hands-on assistance. |
IC Markets Bonus Offers
Many traders in Rwanda look for brokers who offer quick promotions, but IC Markets has a different approach. Raw Trader Plus is for volume traders who want consistent rebates.
Raw Trader Plus Programme for Rwandans
| Category | Details for Rwanda Traders |
| Programme Type | Commission rebate structure for active traders |
| Eligibility | Minimum 100 closed standard lots per month in Forex or metals |
| Tiers & Rebates | Tier 1: 100 lots → $1.50/lot, Tier 2: 1,000 lots → $2.25/lot, Tier 3: 2,000+ lots → $2.50/lot |
| Rebate Frequency | Paid automatically on a daily basis |
| Commitment | Maintain volume for three consecutive months to stay enrolled |
| Extra Perks | VPS hosting for automated trading; dedicated client relations support |
| Joining Process | Email clientrelations@icmarkets.com, meet the 100+ lots requirement, sustain trading pace for three months |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
Affiliate Programme Options With IC Markets in Rwanda
In Rwanda, personal connections are vital in business. IC Markets’ partnership programmes give you a way to turn those networks into something tangible.
Comparison Table – IC Markets Affiliate Programme Options (Rwanda)
| Programme | Who it’s for (Rwanda) | Benefits for Rwandans | Earning Potential | Support from IC Markets |
| Introducing Broker (IB) | Individuals with networks of traders – students, business owners, local educators | Commissions on every trade from referred clients; marketing resources to attract more sign-ups | Scales with client trading volume; tiered commissions up to $1 per lot on forex and metals | Personal dashboard, marketing toolkit, partner manager access |
| Multi-Level Programme | IBs who want to build a network of other IBs across Rwanda and the region | Extra income from referred IBs and their clients; flexible multi-currency payouts | Unlimited growth depending on how large the network becomes | Real-time tracking, fast commission payouts, partner support for scaling |
| MAM (Multi-Account Manager) | Licensed fund managers in Rwanda with multiple clients to serve | Control of multiple client accounts from one MT4 account; custom risk settings for each investor | Earnings tied to performance fees and trading volume, minimum $50,000 fund across 5 clients | Direct relationship with IC Markets partner managers, reporting tools |
| PAMM (Percentage Allocation Money Management) | Portfolio managers pooling funds from clients in Rwanda | Ability to trade pooled funds for efficiency; profits distributed proportionally | Scales with size of the fund and success of strategies, minimum $50,000 and 5 clients required | Secure infrastructure, agreements in place, partner support for setup |
IC Markets Support Channels for Rwandan Traders
| Customer Support | IC Markets Customer Support |
| ⏰Operating Hours | 24/7 through live chat and email. Phone lines vary by office. |
| 🔊Support Languages | Core support is in English. |
| 👥Live Chat | Always-on, quick to respond, and avoids the cost of international calls. |
| ☎️Email Address | clientrelations@icmarkets.com, support@icmarkets.com, accounts@icmarkets.com, marketing@icmarkets.com |
| 🏆Telephonic Support | Closest and most relevant number for Rwanda is the Seychelles line: +248 467 19 76 (standard international rates) |
| 📍The overall quality of IC Markets Support | Consistently solid. Live chat works best, email is reliable, and the Seychelles and Kenya offices are geographically closest. Phone can be pricey if you call from Rwanda. |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Awards and Achievements
While IC Markets has not received Rwanda-specific awards, it has earned global titles and APAC recognition that still reflect the standards traders get access to. Here are their most recent awards:
| 🗓️ Year | 🏅 Award Title | 🌍 Event / Notes |
| 2025 | Best Lowest Spread Forex Broker | Awarded by FXEmpire |
| 2025 | Best Forex/CFD Broker in APAC 2024 | Granted by TradingView in early 2025 |
| 2024 | Best Broker of the Year 2024 | Presented by Followme |
| 2024 | Best MetaTrader Broker | Named in ForexBrokers.com rankings |
| 2024 | Best in Class – Commissions & Fees | ForexBrokers.com ranked IC Markets highly |
| 2024 | Best Customer Support | Awarded by FXScouts |
| 2023 | Overall High Ranking | Scored 4.5/5 in global industry rankings for trust, pricing, platforms, and range of products |
IC Markets: Honest Verdict and Insights for Rwandan Traders
IC Markets stands out in Rwanda with account types that support both active traders and those who prefer broader market access. The choice of MT4, MT5, cTrader, and TradingView adds flexibility, while spreads and commissions remain highly competitive.
The lack of local regulation and Rwandan Franc accounts might deter some, yet international oversight and multiple funding methods compensate for this.
Overall, IC Markets balances low-cost trading with depth of platforms, making it attractive but not without drawbacks for Rwandan traders.
IC Markets Pros and Cons You Should Know
| 🟢 Pros | 🔴 Cons |
| Raw spreads on EUR/USD from 0.0 pips, often sitting close to 0.1 | No regulation by the National Bank of Rwanda or CMA |
| Trading platforms include MT4, MT5, cTrader, and TradingView | Rwandan Franc not supported as an account currency |
| Leverage up to 1:1000 across all account types | Withdrawals via bank wire can take up to 14 days |
| Commission from $3 per $100k on cTrader, lower than many regional brokers | International phone calls to support can be expensive |
| Over 25 liquidity providers backing execution quality | RWF deposits automatically converted into another currency at the spot rate |
| Swap-free Islamic accounts available with transparent holding fees |
| Minimum Deposit: $200 Regulated by: FSA Leverage: Up to 1:500 |
IC Markets Review Detailed Summary
| Category | Details |
| 🌍 General Information | |
| 🏢 Company Name | IC Markets |
| 📅 Year Founded | 2007 |
| 🏠 Head Office | Sydney, Australia |
| ⚖️ Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas) |
| 🌎 Accepts Rwandan Clients | Yes |
| ⚖️ Local Rwanda Regulation (CMA / NBR) | No |
| 📂 Account Details | |
| ☪️ Islamic / Swap-Free Account Available | Yes |
| 📊 Demo Account Available | Yes |
| 💰 Minimum Deposit | $200 (~RWF 210,000) |
| 💵 RWF-Denominated Account | No |
| 📉 Trading Features | |
| 📈 Maximum Leverage | Up to 1:500 (under FSA Seychelles entity) |
| 📊 Typical Spreads | EUR/USD from 0.0 pips (Raw) or 0.6 pips (Standard) |
| ⚡ Scalping Allowed | Yes |
| 🔒 Hedging Allowed | Yes |
| 🛡️ Negative Balance Protection | Yes (retail clients only) |
| 📖 Education & Support | |
| 📚 Learning Materials | Videos, webinars, market analysis |
| 🗣 Website Languages | English and multiple others |
| 📞 Dedicated Rwanda Account Manager | No |
| ⏰ Customer Support Hours | 24/7 live chat and email |
| 🌟 Platforms & Assets | |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| ✔️ Crypto Trading Offered | Yes |
| ✔️ Tradable Assets | Forex, Commodities, Indices, Bonds, Stocks, Crypto CFDs, Futures |
| 🇷🇼 Rwanda-Specific Features | |
| 💵 Local Bank Transfers Supported | Yes (via selected online payment methods) |
| 💰 Minimum Deposit in RWF Equivalent | $200 (~RWF 210,000) |
| ✅ Leverage Restrictions for Rwanda Traders | None specific (depends on registration entity) |
| 💸 Fees & Costs | |
| 🏦 Deposit Fee | None from broker side |
| 💵 Withdrawal Fee | None (some local processors may charge) |
| ⏳ Inactivity Fee | No inactivity fee |
| 💲 Commission Fee | $3.50 per side per lot on Raw Spread accounts |
| 🔥 Final Ratings | |
| ⭐ Beginner Friendliness | High |
| 📊 Platform Quality | Excellent (MT4/MT5/cTrader) |
| 💰 Deposit & Withdrawal Process | Fast and reliable (supports local and global methods) |
| ✅ Trustworthiness | High (strong global regulation and transparency) |
| 🚀Sign up | 👉 Open Account |
Sources Used for This IC Markets Review
FAQs for IC Markets in Rwanda
Is IC Markets available to traders in Rwanda?
Yes, Rwandan traders can open accounts through IC Markets’ international entities.
Does IC Markets have an office in Rwanda?
No, IC Markets has offices in Seychelles, Australia, Cyprus, Kenya, and the Bahamas.
Is there a demo account option for Rwandan traders with IC Markets?
Yes, you can open unlimited demo accounts across all platforms.
What documents do Rwandan traders need to verify an IC Markets account?
You need proof of identity such as a national ID card, passport, or driver’s licence, plus proof of address.
Does IC Markets hold any licences within East Africa that benefit Rwandan traders?
Yes, IC Markets is licensed by the CMA in Kenya, which is the closest regulator to Rwanda.
What is the minimum deposit to open an IC Markets account in Rwanda?
The minimum deposit is $200 across all account types.
Can Rwandan traders get leverage up to 1:1000 with IC Markets?
Yes, leverage is available up to 1:1000.
Does IC Markets offer an Islamic account to traders in Rwanda?
Yes, swap-free Islamic accounts are available.
What spreads can Rwandan traders expect with IC Markets?
Spreads start from 0.0 pips, with EUR/USD often near 0.1.
Are there withdrawal fees for Rwandan traders using IC Markets?
Yes, international bank wires attract a fee of about AUD 20, while most cards and e-wallets are free.
Does IC Markets support deposits in Rwandan Francs (RWF)?
No, deposits are converted into your chosen account currency, such as USD.
How long do bank wire withdrawals from IC Markets take for Rwandan traders?
Bank wire withdrawals can take up to 14 days.
Can Rwandan traders access webinars from IC Markets?
Yes, webinars cover trading setups, strategies, and psychology.
Is the IC Markets Raw Trader Plus rebate available to Rwandan traders?
Yes, the rebate programme is open if you trade 100 or more lots per month.
Does IC Markets accept a Rwandan national ID card for account verification?
Yes, a national ID card is accepted for identity checks.
Is IC Markets MetaTrader 4 a good choice for Rwandan traders with slower internet?
Yes, MT4 has lighter system requirements, which suit modest hardware and connections.
Can Rwandan traders access global stock CFDs on IC Markets?
Yes, stocks like Barrick Gold, Unilever, and AB InBev are offered as CFDs.
Why are commodities such as coffee and oil relevant for Rwandan traders on IC Markets?
Coffee is a key export for Rwanda, while oil imports affect local inflation.
Can Rwandan traders use TradingView with IC Markets?
Yes, TradingView integrates with IC Markets accounts.
Which regulator covers Rwandan traders using IC Markets?
Rwandan traders are usually onboarded under the Seychelles Financial Services Authority.
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