IC Markets vs BNP Paribas, Updated for 2023

Compare IC Markets vs BNP Paribas

Every trading platforms will have certain advantages and disadvantages, and any comprehensive review of IC Markets and BNP Paribas would not be complete without embracing a fair assessment.

Compare IC Markets and BNP Paribas in order to understand the way they line up with one another prior to you open an account. A comparative analysis will place factors in perspective in order that you remain informed about what you should anticipate.

So you are looking for a reputable broker and are choosing between IC Markets or BNP Paribas. Which one is best in 2023?

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

If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who will be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and BNP Paribas are just two such companies that will take you and your investment to great heights. It is important that you compare IC Markets vs BNP Paribas until you trust them with your money.

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

Our entire IC Markets vs BNP Paribas Review covers all you need to learn about trading with either IC Markets or BNP Paribas. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you must 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 analyze your broker before you choose them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and BNP Paribas are both brokers which have paved their way successfully into the brokerage world. In this review, we have tried to collate a number of the vital facets of both IC Markets and BNP Paribas. This review will allow you to understand whether either BNP Paribas or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and charges for your convenience.

Benefits of IC Markets and BNP Paribas Compared

IC Markets has a minimum deposit of $200 while BNP Paribas has a $100 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and BNP Paribas 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 whilst BNP Paribas has around 232 financial instruments available.

The more financial instruments you can trade on the IC Markets and BNP Paribas 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or BNP Paribas.

IC Markets and BNP Paribas Contact Details

Being able to contact a broker easily is a sign of a professional broker. IC Markets and BNP Paribas have the following contact details and social medias that you can use.

BNP Paribas 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 BNP Paribas will examine whether their mobile app meets all our requirements.

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 BNP Paribas - Awards

IC Markets vs BNP Paribas - Frequently Asked Questions

IC Markets vs BNP Paribas - Headquarters And Year Of Founding

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

BNP Paribas was founded in 2004 and has its headquaters in UK.

What is the minimum deposit for BNP Paribas or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for BNP Paribas is $100.

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 IC Markets and BNP Paribas are a good option.

IC Markets vs BNP Paribas - 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).

BNP Paribas is regulated by Financial Conduct Authority (FCA).

Both IC Markets and BNP Paribas have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per 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 BNP Paribas Commission And Fees

IC Markets and BNP Paribas are online broker 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. That is, an internet broker is not necessarily influenced by the number of clients they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this purpose.

The first kind of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than a day.

Apart from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your account. They are billed for operations like depositing cash, not investing for long periods, or withdrawals.

Generally, neither IC Markets or BNP Paribas charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, for example daily or weekly trading.

However, non-trading fees billed by IC Markets and BNP Paribas are relatively higher. Consequently, you are billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't about the sale and purchase of resources.

This IC Markets vs BNP Paribas review for 2023 breaks down every one of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And BNP Paribas

What Languages Do IC Markets And BNP Paribas Support?

Being able to talk easily with your trading broker is a key part of comparing online brokers to find the best 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 BNP Paribas offer communication in.

How Many Clients Do IC Markets and BNP Paribas Have?

Both IC Markets and BNP Paribas are well known and trusted. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.

Below you will find details of how many clients IC Markets and BNP Paribas have

What Payment Methods Do IC Markets and BNP Paribas Accept?

IC Markets and BNP Paribas 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 BNP Paribas

What Can You Trade With IC Markets and BNP Paribas?

IC Markets offers 232 trading instruments whilst BNP Paribas offers 60.

Below you will find a full breakdown of what both IC Markets and BNP Paribas offer.