FXCM vs IC Markets, 2024 Update
FXCM Rating
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IC Markets Rating
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Losses can exceed deposits |
Losses can exceed deposits |
FXCM vs IC Markets Guide |
Read our In-Depth FXCM vs IC Markets Review - 2024 Update
Our comprehensive analysis of FXCM and IC Markets has been revised for 2024 from knowledgeable insiders with significant expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of FXCM vs IC Markets does not apply to all countries as follows:
FXCM 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 FXCM vs IC Markets
Each platforms for online trading will have certain ups and downs, and any comprehensive analysis of FXCM vs IC Markets would not be regarded as thorough without embracing a balanced approach.
Examine IC Markets and FXCM to get a better understanding of just how these platforms stack up to each prior to you make an account. Conducting a comparative analysis can place factors in perspective in order that you're cognizant of the expectations.
So you are looking for a broker and are choosing between FXCM or IC Markets. Who is better in 2024?
Our FXCM vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against FXCM.
If you are 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 analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of broker since you keep trading. For starters, you have to select the right agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. FXCM and IC Markets are just two such stages that will take you and your investment to great heights. It's crucial that you compare FXCM vs IC Markets before you trust them with your cash.
Our FXCM vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FXCM and IC Markets side by side.
Our entire FXCM vs IC Markets Review covers all you need to know about trading using either FXCM or IC Markets. A good broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment goals.
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 agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
FXCM and IC Markets are both brokers that have found their way successfully to the broker world. In this review, we have attempted to collate a number of the vital facets of both FXCM and IC Markets. This review can help you to understand whether either IC Markets or FXCM is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Benefits of FXCM and IC Markets Compared
FXCM has a minimum deposit of $1 while IC Markets has a $200 minimum deposit.
Why smaller minimum deposits are good and how FXCM 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.
FXCM has around 100 financial instruments whilst IC Markets has around 100 available.
The more financial instruments you can trade on the FXCM 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 never want to miss out on a trading opportunity due to the limitations of FXCM or IC Markets.
FXCM and IC Markets Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. FXCM and IC Markets have the following contact details and social medias that you can use.
Broker | FXCM | IC Markets |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
FXCM Twitter Account | IC Markets Twitter Account | |
FXCM Facebook Page | IC Markets Facebook Page | |
FXCM Instagram Account | IC Markets Instagram Account | |
FXCM LinkedIn Page | IC Markets LinkedIn Page | |
YouTube | FXCM YouTube Channel | IC Markets YouTube Channel |
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IC Markets and FXCM 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 FXCM and IC Markets we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
FXCM vs IC Markets - Awards
Broker | FXCM | IC Markets |
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Awards | At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
IC Markets have won a lot of industry awards over the time they have been running as an online trading platform. We detail the most notable awards for IC Markets below.
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Find Out More |
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FXCM vs IC Markets - Frequently Asked Questions
FXCM vs IC Markets - Headquarters And Year Of Founding
FXCM was founded in 1999 and has its headquaters in United States.
IC Markets was founded in 2007 and has its headquaters in Australia.
What is the minimum deposit for IC Markets or FXCM
The minimum deposit for FXCM is $1.
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 FXCM and IC Markets are a good option.
FXCM vs IC Markets - Regulation And Licencing In More Detail
FXCM is regulated by Financial Conduct Authority (FCA).
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Both FXCM and IC Markets have a strong set of rules for ensuring fair trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare FXCM vs IC Markets Commission And Fees
FXCM and IC Markets are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither FXCM or IC Markets charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by FXCM and IC Markets are comparatively greater. Consequently, you are charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This FXCM vs IC Markets review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For FXCM And IC Markets
Broker | FXCM | IC Markets |
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Minimum Deposit | $1 | $200 |
Withdrawal Fees | No | No |
Inactivity Fees | No | No |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
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What Languages Do FXCM And IC Markets Support?
Being able to communicate completely with your trading broker is a key part of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both FXCM and IC Markets support.
How Many Clients Do FXCM and IC Markets Have?
Both FXCM and IC Markets are well established with their client base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients FXCM and IC Markets are active on their platform
Broker | FXCM | IC Markets |
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Clients / Users | 10,000+ | 60,000+ |
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What Payment Methods Do FXCM and IC Markets Accept?
FXCM 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 FXCM and IC Markets
Broker | FXCM | 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 |
Find Out More |
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What Can You Trade With FXCM and IC Markets?
FXCM offers 100 trading instruments while IC Markets offers 232.
Below you will find a full breakdown of what both FXCM and IC Markets offer.
FXCM Review
FXCM vs IC Markets:
Table Of Contents
- Compare FXCM vs IC Markets
- Benefits of FXCM and IC Markets Compared
- IC Markets and FXCM Mobile App Comparison
- FXCM vs IC Markets - Awards
- FXCM vs IC Markets - Frequently Asked Questions
- What is the minimum deposit for IC Markets or FXCM
- FXCM vs IC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For FXCM And IC Markets
- What Languages Do FXCM And IC Markets Support?
- How Many Clients Do FXCM and IC Markets Have?
- What Payment Methods Do FXCM and IC Markets Accept?
- What Can You Trade With FXCM and IC Markets?