IC Markets vs BCS Forex, for 2023

Compare IC Markets vs BCS Forex

Every platforms for online trading feature some pros and cons, and any comprehensive IC Markets and BCS Forex review would not be regarded as thorough without having an objective perspective.

Examine BCS Forex and IC Markets in order to understand the way these platforms stack up against each before you open an account. Conducting a comparative analysis can place factors into perspective to ensure that you are informed about what to expect.

So you are looking for a broker and are choosing between IC Markets or BCS Forex. Who should you choose?

This IC Markets vs BCS Forex comparison contains the latest information so you can easily compare BCS Forex against IC Markets.

If you're a new entrant in the realm of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept at all the concepts of brokerage as you keep trading. For starters, you need to select the right broker who'll be clear 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 BCS Forex are two such stages that will take you along with your investment into great heights. It is important that you compare IC Markets vs BCS Forex before you trust them with your cash.

Our IC Markets vs BCS Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and BCS Forex side by side.

Our entire IC Markets vs BCS Forex Review covers all you need to know about trading using either IC Markets or BCS Forex. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

IC Markets and BCS Forex are both brokers that have paved their way successfully to the broker world. In this review, we have tried to collate a number of the important facets of both IC Markets and BCS Forex. This review will help you to know whether either BCS Forex or IC Markets is a fantastic match for your own investments or not. We've tried to breakdown all the features and charges for your advantage.

Benefits of IC Markets and BCS Forex Compared

IC Markets offers a minimum deposit of $200 while BCS Forex offers a $100 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and BCS 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 allows you to trade around 232 financial instruments whilst BCS Forex allows you to trade around 232 on their platform.

The more financial instruments you can trade on the IC Markets and BCS 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 BCS Forex.

IC Markets and BCS Forex Contact Details

Being able to contact an online trading platform easily is a sign of a professional broker. IC Markets and BCS Forex have the following contact details and social medias that you can use.

BCS 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.

In this part of our comparison of IC Markets and BCS Forex we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of the 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. 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 BCS Forex - Awards

IC Markets vs BCS Forex - Frequently Asked Questions

IC Markets vs BCS Forex - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

BCS Forex was founded in 2016 and has its head office in Cyprus.

What is the minimum deposit for BCS Forex or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for BCS Forex is $100.

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 BCS Forex are a good option.

IC Markets vs BCS 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).

BCS Forex is regulated by Cyprus Securities and Exchange Commission (CySEC).

Both IC Markets and BCS Forex have a powerful collection of rules for ensuring fair trading onto their platforms. For data encryption functions, they provide 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. This includes credit history and other financial information.

Compare IC Markets vs BCS Forex Commission And Fees

IC Markets and BCS Forex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages 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 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 primarily three types of penalties for this objective.

The first sort of fees to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for more than daily.

Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or BCS Forex charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, for example weekly or daily trading.

But, non-trading fees billed by IC Markets and BCS Forex are comparatively competitive. As a result, you're charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These aren't about the purchase and sale of resources.

This IC Markets vs BCS Forex review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And BCS Forex

What Languages Do IC Markets And BCS Forex Support?

Being able to talk completely with your online platform is a key element when comparing brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.

Here you will find all the languages that both IC Markets and BCS Forex offer communication in.

How Many Clients Do IC Markets and BCS Forex Have?

Both IC Markets and BCS Forex are well established with their client base. It is really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many clients IC Markets and BCS Forex are working with

What Payment Methods Do IC Markets and BCS Forex Accept?

IC Markets and BCS 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 BCS Forex

What Can You Trade With IC Markets and BCS Forex?

IC Markets offers 232 trading instruments whilst BCS Forex offers 46.

Below you will find a full breakdown of what both IC Markets and BCS Forex offer.