IC Markets vs Alfa Forex, for 2023
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IC Markets Rating
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Alfa Forex Rating
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Losses can exceed deposits |
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IC Markets vs Alfa Forex Guide |
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Read our In-Depth IC Markets vs Alfa Forex Review - 2023 Update
This IC Markets vs Alfa Forex review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs Alfa Forex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Alfa Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Alfa Forex
Every online trading platform will have a few ups and downs, and no IC Markets and Alfa Forex review would be complete without showing both sides. Compare IC Markets and Alfa Forex to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or Alfa Forex. Who should you choose?
This IC Markets vs Alfa Forex comparison contains the latest information so you can easily compare Alfa Forex against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage since you continue trading. For starters, you have to select the right agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Alfa Forex are just two such trading platforms which will take you along with your investment to great heights. It is crucial to compare IC Markets vs Alfa Forex until you trust them with your cash.
Our IC Markets vs Alfa Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Alfa Forex side by side.
Our full IC Markets vs Alfa Forex Review covers all you will need to know about trading with either IC Markets or Alfa Forex. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Alfa Forex are both brokers that have found their way successfully into the brokerage world. Within this review, we've tried to collate some of the important aspects of both IC Markets and Alfa Forex. This review can allow you to know whether either Alfa Forex or IC Markets is a good fit for your investments or not. We have attempted to breakdown all the features and charges for your convenience.
Benefits of IC Markets and Alfa Forex Compared
IC Markets offers a minimum deposit of $200 while Alfa Forex offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Alfa Forex 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.
IC Markets has around 232 financial instruments while Alfa Forex allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and Alfa Forex 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 IC Markets or Alfa Forex.
IC Markets and Alfa Forex Contact Details
Being able to contact an online trading platform simply is important. IC Markets and Alfa Forex have the following contact details and social medias that you can use.
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| Broker | IC Markets | Alfa Forex |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Alfa Forex Twitter Account | |
| IC Markets Facebook Page | Alfa Forex Facebook Page | |
| IC Markets Instagram Account | Alfa Forex Instagram Account | |
| IC Markets LinkedIn Page | Alfa Forex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Alfa Forex YouTube Channel |
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Alfa Forex and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and Alfa Forex will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both 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. 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?
IC Markets vs Alfa Forex - Awards
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| Broker | IC Markets | Alfa Forex |
| Awards |
IC Markets have won several industry awards over the time they have been operating as an online broker. We list the most recognised awards for IC Markets here.
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At the time of writing this Alfa Forex review, and despite Alfa Forex’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Alfa Forex - Frequently Asked Questions
IC Markets vs Alfa Forex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Alfa Forex was founded in 2011 and has its head office in Cyprus.
What is the minimum deposit for Alfa Forex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Alfa Forex is $0.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Alfa Forex are a good option.
IC Markets vs Alfa Forex - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both IC Markets and Alfa Forex have a strong set of rules for ensuring honest trading onto their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Alfa Forex Commission And Fees
IC Markets and Alfa Forex are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
However, this does not necessarily 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 fees for this objective.
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're billed trading fees. In such cases, you're spending a spread, funding speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those who are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Alfa Forex 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 can be beneficial for those who regularly trade, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and Alfa Forex are relatively higher. Consequently, you're billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of assets.
This IC Markets vs Alfa Forex review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Alfa Forex
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| Broker | IC Markets | Alfa Forex |
| Minimum Deposit | $200 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
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What Languages Do IC Markets And Alfa Forex Support?
Being able to talk easily with your online broker is a key way of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you can find the languages that both IC Markets and Alfa Forex support.
How Many Clients Do IC Markets and Alfa Forex Have?
Both IC Markets and Alfa Forex are well known and trusted. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and Alfa Forex are active on their platform
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| Broker | IC Markets | Alfa Forex |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Alfa Forex Accept?
IC Markets and Alfa Forex 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 IC Markets and Alfa Forex
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| Broker | IC Markets | Alfa Forex |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
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What Can You Trade With IC Markets and Alfa Forex?
IC Markets offers 232 trading instruments whilst Alfa Forex offers 30.
Below you will find a full breakdown of what both IC Markets and Alfa Forex offer.
Compare IC Markets To All Other Brokers
Compare Alfa Forex To All Other Brokers