ETFinance vs IC Markets, for 2024
Read our In-Depth ETFinance vs IC Markets Review - Updated for 2024
Our ETFinance vs IC Markets review has been updated to reflect any changes for 2024 from seasoned professionals boasting significant expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ETFinance vs IC Markets does not apply to all countries as follows:
ETFinance 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 ETFinance vs IC Markets
All online trading platforms will have certain advantages and disadvantages, so any comprehensive analysis of ETFinance vs IC Markets would not be regarded as thorough without embracing an objective perspective.
Compare ETFinance and IC Markets to get a better understanding of the way these platforms line up with each before you decide to open an account. Performing a side-by-side comparison will bring aspects in perspective in order that you're cognizant of the expectations.
So you are looking for a reputable broker and are choosing between ETFinance or IC Markets. Which one is best in 2024?
This ETFinance vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against ETFinance.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You will acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal agent who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. ETFinance and IC Markets are two such platforms which will take you along with your investment to great heights. It's crucial to compare ETFinance vs IC Markets until you trust them with your cash.
Our ETFinance vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ETFinance and IC Markets side by side.
Our full ETFinance vs IC Markets Review covers everything you will need to know about trading using either ETFinance or IC Markets. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire method to guarantee profits; therefore, you should carefully analyze your broker before you select them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
ETFinance and IC Markets are both brokers which have found their way successfully into the brokerage world. Within this review, we have attempted to collate some of the vital aspects of both ETFinance and IC Markets. This review can help you to understand whether either IC Markets or ETFinance is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Benefits of ETFinance and IC Markets Compared
ETFinance offers a minimum deposit of $215 while IC Markets offers a $200 minimum deposit.
Why smaller minimum deposits are good and how ETFinance 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.
ETFinance allows you to trade around 150 financial instruments while IC Markets has around 150 available.
The more instruments you can trade on the ETFinance and IC Markets 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 seriously do not want to miss out on a trading opportunity due to the limitations of ETFinance or IC Markets.
ETFinance and IC Markets Contact Details
Being able to contact a broker through many ways is important. ETFinance and IC Markets have the following contact details and social medias that you can use.
Broker | ETFinance | IC Markets |
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Telephone Number | +8 006 003 7004 | +248 467 19 76 |
support@etfinance.eu | support@icmarkets.com | |
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
ETFinance Twitter Account | IC Markets Twitter Account | |
ETFinance Facebook Page | IC Markets Facebook Page | |
ETFinance Instagram Account | IC Markets Instagram Account | |
ETFinance LinkedIn Page | IC Markets LinkedIn Page | |
YouTube | ETFinance YouTube Channel | IC Markets YouTube Channel |
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IC Markets and ETFinance Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing ETFinance and IC Markets will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the 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?
ETFinance vs IC Markets - Awards
Broker | ETFinance | IC Markets |
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Awards |
ETFinance have won numerous industry awards over the years they have been running as an online broker. We list the most recognised awards for ETFinance here.
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IC Markets have won numerous industry awards over the time they have been running as an online trading platform. We list the most notable awards for IC Markets below.
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Find Out More |
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ETFinance vs IC Markets - Frequently Asked Questions
ETFinance vs IC Markets - Headquarters And Year Of Founding
ETFinance was founded in 2018 and has its headquaters in Cyprus.
IC Markets was founded in 2007 and has its head office in Australia.
What is the minimum deposit for IC Markets or ETFinance
The minimum deposit for ETFinance is $215.
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 ETFinance and IC Markets are a good choice.
ETFinance vs IC Markets - Regulation And Licencing In More Detail
ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC).
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Both ETFinance and IC Markets have a powerful set of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ETFinance vs IC Markets Commission And Fees
ETFinance and IC Markets are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people who are billed when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither ETFinance or IC Markets charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by ETFinance and IC Markets are relatively greater. As a result, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This ETFinance vs IC Markets review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For ETFinance And IC Markets
What Languages Do ETFinance And IC Markets Support?
Being able to talk completely with your online broker is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find all the languages that both ETFinance and IC Markets offer communication in.
How Many Clients Do ETFinance and IC Markets Have?
Both ETFinance and IC Markets are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients ETFinance and IC Markets have
What Payment Methods Do ETFinance and IC Markets Accept?
ETFinance 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 ETFinance and IC Markets
What Can You Trade With ETFinance and IC Markets?
ETFinance offers 150 trading instruments while IC Markets offers 232.
Below you will find a full breakdown of what both ETFinance and IC Markets offer.
ETFinance Review
ETFinance vs IC Markets:
Table Of Contents
- Compare ETFinance vs IC Markets
- Benefits of ETFinance and IC Markets Compared
- IC Markets and ETFinance Mobile App Comparison
- ETFinance vs IC Markets - Awards
- ETFinance vs IC Markets - Frequently Asked Questions
- What is the minimum deposit for IC Markets or ETFinance
- ETFinance vs IC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For ETFinance And IC Markets
- What Languages Do ETFinance And IC Markets Support?
- How Many Clients Do ETFinance and IC Markets Have?
- What Payment Methods Do ETFinance and IC Markets Accept?
- What Can You Trade With ETFinance and IC Markets?