FP Markets vs ICICI Direct, Updated for 2024
FP Markets Rating
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ICICI Direct Rating
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Losses can exceed deposits |
Your capital is at risk |
FP Markets vs ICICI Direct Guide |
Read our In-Depth FP Markets vs ICICI Direct Review - for 2024
Our FP Markets vs ICICI Direct review has been revised to reflect any changes for 2024 by seasoned professionals with years of expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of FP Markets vs ICICI Direct does not apply to all countries as follows:
FP Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
ICICI Direct Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare FP Markets vs ICICI Direct
Each platforms for online trading has a few advantages and disadvantages, so a complete FP Markets and ICICI Direct review should not be complete without adopting a balanced approach.
Compare ICICI Direct and FP Markets in order to understand how these platforms stack up to each other prior to you choose to open an account. Conducting a comprehensive comparison will place factors into perspective so that you remain informed about what you should anticipate.
So you are looking for a professional broker and are choosing between FP Markets or ICICI Direct. Which one is best in 2024?
This FP Markets vs ICICI Direct comparison contains the latest information so you can easily compare ICICI Direct against FP Markets.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to select the right broker who will be transparent with you always.
Within this fast-paced universe 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. FP Markets and ICICI Direct are two such companies which will take you along with your investment into great heights. It is crucial to compare FP Markets vs ICICI Direct until you trust them with your cash.
Our FP Markets vs ICICI Direct comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FP Markets and ICICI Direct side by side.
Our full FP Markets vs ICICI Direct Review covers all you will need to know about trading with either FP Markets or ICICI Direct. A good agent can multiply your initial investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
FP Markets and ICICI Direct are both brokers which have found their way successfully to the broker world. Within this review, we have attempted to collate a number of the vital aspects of both FP Markets and ICICI Direct. This review can help you to understand whether either ICICI Direct or FP Markets is a fantastic match for your investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Benefits of FP Markets and ICICI Direct Compared
FP Markets has a minimum deposit of $100 while ICICI Direct has a $0 minimum deposit.
Why smaller minimum deposits are good and how FP Markets and ICICI Direct 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.
FP Markets allows you to trade around 100 financial instruments whilst ICICI Direct has around 100 financial instruments on their platform.
The more financial instruments you can trade on the FP Markets and ICICI Direct 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 FP Markets or ICICI Direct.
FP Markets and ICICI Direct Contact Details
Being able to contact an online trading platform simply is important. FP Markets and ICICI Direct have the following contact details and social medias that you can use.
Broker | FP Markets | ICICI Direct |
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Telephone Number | +44 28 2544 7780 | |
supportteam@fpmarkets.com | ||
Address | First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines | |
FP Markets Twitter Account | ICICI Direct Twitter Account | |
FP Markets Facebook Page | ICICI Direct Facebook Page | |
FP Markets Instagram Account | ICICI Direct Instagram Account | |
FP Markets LinkedIn Page | ICICI Direct LinkedIn Page | |
YouTube | FP Markets YouTube Channel | ICICI Direct YouTube Channel |
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ICICI Direct and FP Markets 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.
In this part of our comparison of FP Markets and ICICI Direct 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 the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
FP Markets vs ICICI Direct - Awards
Broker | FP Markets | ICICI Direct |
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Awards |
FP Markets have won several industry awards over the years they have been running as a financial broker. We show the most recognised awards for FP Markets here.
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At the time of writing this ICICI Direct review, and despite ICICI Direct’s impressive offering, the company has surprisingly not garnered any awards to date. |
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FP Markets vs ICICI Direct - Frequently Asked Questions
FP Markets vs ICICI Direct - Headquarters And Year Of Founding
FP Markets was founded in 2005 and has its head office in Australia.
ICICI Direct was founded in 1994 and has its head office in India.
What is the minimum deposit for ICICI Direct or FP Markets
The minimum deposit for FP Markets is $100.
The minimum deposit for ICICI Direct is $0.
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 FP Markets and ICICI Direct are a good option.
FP Markets vs ICICI Direct - Regulation And Licencing In More Detail
FP Markets is regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC).
ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Both FP Markets and ICICI Direct have a powerful set of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare FP Markets vs ICICI Direct Commission And Fees
FP Markets and ICICI Direct are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of penalties for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In such instances, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are people who are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither FP Markets or ICICI Direct charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by FP Markets and ICICI Direct are comparatively lower. As a result, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This FP Markets vs ICICI Direct review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For FP Markets And ICICI Direct
What Languages Do FP Markets And ICICI Direct Support?
Being able to communicate easily with your trading platform is a key part of comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both FP Markets and ICICI Direct offer communication in.
How Many Clients Do FP Markets and ICICI Direct Have?
Both FP Markets and ICICI Direct are well established with their client base. It is important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers FP Markets and ICICI Direct are active on their platform
Broker | FP Markets | ICICI Direct |
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Clients / Users | 10,000+ | 2,000,000+ |
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What Payment Methods Do FP Markets and ICICI Direct Accept?
FP Markets and ICICI Direct 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 FP Markets and ICICI Direct
Broker | FP Markets | ICICI Direct |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | No |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | No | No |
Neteller | Yes | No |
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What Can You Trade With FP Markets and ICICI Direct?
FP Markets offers 100 trading instruments while ICICI Direct offers 5000.
Below you will find a full breakdown of what both FP Markets and ICICI Direct offer.
FP Markets Review
FP Markets vs ICICI Direct:
Table Of Contents
- Compare FP Markets vs ICICI Direct
- Benefits of FP Markets and ICICI Direct Compared
- ICICI Direct and FP Markets Mobile App Comparison
- FP Markets vs ICICI Direct - Awards
- FP Markets vs ICICI Direct - Frequently Asked Questions
- What is the minimum deposit for ICICI Direct or FP Markets
- FP Markets vs ICICI Direct - Regulation And Licencing In More Detail
- Compare Broker Fees For FP Markets And ICICI Direct
- What Languages Do FP Markets And ICICI Direct Support?
- How Many Clients Do FP Markets and ICICI Direct Have?
- What Payment Methods Do FP Markets and ICICI Direct Accept?
- What Can You Trade With FP Markets and ICICI Direct?