CIM Banque vs IC Markets, Who's The Best?
CIM Banque Rating
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IC Markets Rating
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Your capital is at risk |
Losses can exceed deposits |
CIM Banque vs IC Markets Guide |
Read our In-Depth CIM Banque vs IC Markets Review - 2024 Update
This comprehensive analysis of CIM Banque and IC Markets has been updated for 2024 by knowledgeable insiders boasting years of financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of CIM Banque vs IC Markets does not apply to all countries as follows:
CIM Banque Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Compare CIM Banque vs IC Markets
Each online trading platforms has some ups and downs, so any comprehensive CIM Banque and IC Markets review should not be complete without adopting a fair assessment.
Examine CIM Banque and IC Markets to understand the way these platforms compare against one another before you choose to make an account. Performing a side-by-side comparison will put things in perspective in order that you remain informed about what to expect.
So you are looking for an online trading platform and are choosing between CIM Banque or IC Markets. Which one is best in 2024?
Our CIM Banque vs IC Markets comparison contains the latest information so you can easily compare IC Markets against CIM Banque.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to select the right agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. CIM Banque and IC Markets are just two such trading platforms that will take you and your investment into great heights. It is important to compare CIM Banque vs IC Markets before you trust them with your cash.
Our CIM Banque vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust CIM Banque and IC Markets side by side.
Our full CIM Banque vs IC Markets Review covers everything you need to know about trading with either CIM Banque or IC Markets. A fantastic broker can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a common misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
CIM Banque and IC Markets are both brokers that have paved their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the important facets of both CIM Banque and IC Markets. This review will help you to understand whether either IC Markets or CIM Banque is a fantastic match for your investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Benefits of CIM Banque and IC Markets Compared
CIM Banque has a minimum deposit of $100 while IC Markets has a $200 minimum deposit.
Why smaller minimum deposits are good and how CIM Banque and IC Markets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
CIM Banque has around 74 financial instruments while IC Markets has around 74 financial instruments available.
The more financial instruments you can trade on the CIM Banque and IC Markets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of CIM Banque or IC Markets.
CIM Banque and IC Markets Contact Details
Being able to contact an online trading platform easily is vital. CIM Banque and IC Markets have the following contact details and social medias that you can use.
Broker | CIM Banque | IC Markets |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
CIM Banque Twitter Account | IC Markets Twitter Account | |
CIM Banque Facebook Page | IC Markets Facebook Page | |
CIM Banque Instagram Account | IC Markets Instagram Account | |
CIM Banque LinkedIn Page | IC Markets LinkedIn Page | |
YouTube | CIM Banque YouTube Channel | IC Markets YouTube Channel |
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IC Markets and CIM Banque Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of CIM Banque and IC Markets we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
CIM Banque vs IC Markets - Awards
Broker | CIM Banque | IC Markets |
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Awards | At the time of writing this CIM Banque review, and despite CIM Banque’s impressive offering, the company has surprisingly not garnered any awards to date. |
IC Markets have won many industry awards over the time they have been operating as a financial broker. We show the most recognised awards for IC Markets here.
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CIM Banque vs IC Markets - Frequently Asked Questions
CIM Banque vs IC Markets - Headquarters And Year Of Founding
CIM Banque was founded in 1995 and has its headquaters in Geneva.
IC Markets was founded in 2007 and has its head office in Australia.
What is the minimum deposit for IC Markets or CIM Banque
The minimum deposit for CIM Banque is $100.
The minimum deposit for IC Markets is $200.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both CIM Banque and IC Markets are a good choice.
CIM Banque vs IC Markets - Regulation And Licencing In More Detail
CIM Banque is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC).
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Both CIM Banque and IC Markets have a powerful collection of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare CIM Banque vs IC Markets Commission And Fees
CIM Banque and IC Markets are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither CIM Banque or IC Markets charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by CIM Banque and IC Markets are relatively greater. As a result, you're billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of assets.
This CIM Banque vs IC Markets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For CIM Banque And IC Markets
What Languages Do CIM Banque And IC Markets Support?
Being able to chat easily with your trading broker is a key way of comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you will find the languages that both CIM Banque and IC Markets offer communication in.
How Many Clients Do CIM Banque and IC Markets Have?
Both CIM Banque and IC Markets are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users CIM Banque and IC Markets have
Broker | CIM Banque | IC Markets |
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Clients / Users | 10,000+ | 60,000+ |
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What Payment Methods Do CIM Banque and IC Markets Accept?
CIM Banque and IC Markets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at CIM Banque and IC Markets
Broker | CIM Banque | IC Markets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | Yes | No |
Neteller | No | Yes |
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What Can You Trade With CIM Banque and IC Markets?
CIM Banque offers 74 trading instruments and IC Markets offers 232.
Below you will find a full breakdown of what both CIM Banque and IC Markets offer.
CIM Banque Review
CIM Banque vs IC Markets:
Table Of Contents
- Compare CIM Banque vs IC Markets
- Benefits of CIM Banque and IC Markets Compared
- IC Markets and CIM Banque Mobile App Comparison
- CIM Banque vs IC Markets - Awards
- CIM Banque vs IC Markets - Frequently Asked Questions
- What is the minimum deposit for IC Markets or CIM Banque
- CIM Banque vs IC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For CIM Banque And IC Markets
- What Languages Do CIM Banque And IC Markets Support?
- How Many Clients Do CIM Banque and IC Markets Have?
- What Payment Methods Do CIM Banque and IC Markets Accept?
- What Can You Trade With CIM Banque and IC Markets?