IC Markets Cashback — How Much Can You Actually Save?
IC Markets is one of the most popular brokers worldwide — especially among scalpers and day traders in the UK, Australia, and Southeast Asia. But did you know that with the right cashback service, you can get a significant portion of your trading costs back? In this guide, we break down exactly how much you can save with IC Markets cashback, who benefits the most, and how to get started in under two minutes.
Why IC Markets + Cashback Is a Powerful Combination
IC Markets already offers very tight spreads from 0.0 pips on the Raw Spread account. But the $7 per lot commission (round turn) adds up fast — especially if you're a scalper placing dozens of trades per day. This is where cashback becomes a game-changer.
When you register your IC Markets account through FxCash, the broker pays us an affiliate commission. We then share up to 80% of that commission back with you. It's a transparent, proven model that millions of traders worldwide already use.
- Raw Spread account: $7 commission/lot → up to $5.60 cashback per lot
- Standard account: ~1.0 pip spread/lot → up to $7.20 cashback per lot
- cTrader account: $6 commission/lot → up to $4.80 cashback per lot
The best part? Your trading conditions don't change at all. Same spreads, same execution, same platform. You just get money back on every trade.
Monthly Cashback Calculation
Here's a realistic breakdown of what different trader profiles can expect to earn each month:
| Trading Volume | Cashback/Month (Raw) | Cashback/Month (Standard) |
|---|---|---|
| 10 lots/month (casual) | $56 | $72 |
| 50 lots/month (active) | $280 | $360 |
| 100 lots/month (serious) | $560 | $720 |
| 500 lots/month (professional) | $2,800 | $3,600 |
These numbers are real — they're based on actual cashback rates offered through FxCash for IC Markets accounts. Over a year, even a moderately active trader earning $280/month would accumulate $3,360 in cashback alone.
Who Benefits Most from IC Markets Cashback?
Scalpers: If you make 20–50 trades per day, cashback alone can save you several hundred dollars per month. At 5 mini lots per trade and 30 trades/day, that's over $300/month in pure savings. Scalpers are the single biggest beneficiaries because their high trade frequency means high cumulative cashback.
Day traders: Even with 5–15 trades per day, the cashback adds up quickly. A day trader moving 30 lots per week through IC Markets Raw Spread account would earn approximately $672/month — that's $8,064 per year returned to your account.
Swing traders: Even with just a few trades per week, cashback is free money on every position you open. A swing trader doing 20 lots per month still earns $112/month — money that would otherwise go to the broker.
Algo traders: Automated strategies with high volume benefit the most. Some algorithmic traders generate thousands of lots per month, translating to five-figure monthly rebates. If you're running EAs on a VPS, cashback is essentially free profit on top of your strategy.
IC Markets Account Types Compared
| Feature | Raw Spread | Standard | cTrader |
|---|---|---|---|
| Spread from | 0.0 pips | 0.6 pips | 0.0 pips |
| Commission | $7/lot RT | None | $6/lot RT |
| Max Cashback | $5.60/lot | $7.20/lot | $4.80/lot |
| Effective Cost | $1.40/lot | ~$2.80/lot | $1.20/lot |
| Best For | Scalpers, algo | Beginners | Advanced traders |
How to Get Started with IC Markets Cashback
Getting started takes less than two minutes and requires zero changes to your existing trading setup:
- Create a free FxCash account — just your email, no documents needed
- Register or open a new account through FxCash's partner link number
- Trade as usual — cashback is credited automatically after every closed trade
- Withdraw your cashback — available via bank transfer, Skrill, Neteller, USDT, and more
There are no minimum volume requirements, no contracts, and no fees. You simply earn cashback on every trade you make.
Real Trader Example
Consider a typical scalper using the IC Markets Raw Spread account on EUR/USD. They place 40 trades per day at 1 standard lot each, trading 22 days per month. That's 880 lots per month.
Without cashback: 880 × $7 = $6,160 in commissions.
With FxCash cashback: 880 × $5.60 = $4,928 back.
Effective commission: just $1,232 total — or $1.40 per lot. That's a reduction of over 80% in trading costs.
Frequently Asked Questions
How much cashback can I get on IC Markets?
With FxCash, you can earn up to $5.60 per lot on the Raw Spread account and up to $7.20 per lot on the Standard account. The exact amount depends on your trading volume and account type.
Does IC Markets cashback affect my spreads or execution?
No. Cashback is paid from the broker's affiliate commission and has zero impact on your spreads, execution speed, or slippage. Your trading conditions remain exactly the same.
How often is IC Markets cashback paid out?
Cashback is credited automatically after every closed trade. You can withdraw your accumulated cashback at any time via multiple payment methods including bank transfer, Skrill, and crypto.
Can I use IC Markets cashback with a Raw Spread account?
Absolutely. The Raw Spread account is actually the most popular choice among cashback users because the $7 per lot commission translates to up to $5.60 cashback — making your effective commission just $1.40 per lot.
Start Earning IC Markets Cashback
Sign up in 30 seconds and start saving from your very first trade. No minimum volume required.
Get Cashback →