IC Markets vs Barclays, Updated for 2024
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Barclays Guide
Read our In-Depth IC Markets vs Barclays Review - for 2024
Our IC Markets vs Barclays review has been revised to reflect any changes for 2024 from knowledgeable insiders with significant expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Barclays does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Barclays Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Barclays
All trading platforms will have certain ups and downs, so a complete review of IC Markets and Barclays would not be complete without having an objective perspective.
Assess Barclays and IC Markets in order to understand the way they stack up with each other before you choose to open an account. Conducting a comprehensive comparison helps to place factors in perspective in order that you're informed about what to expect.
So you are looking for an online trading platform and are choosing between IC Markets or Barclays. Which one is best in 2024?
This IC Markets vs Barclays comparison contains the latest information so you can easily compare Barclays against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all the concepts of broker as you continue trading. For starters, you need to choose the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Barclays are just two such stages that will take you along with your investment into great heights. It's crucial that you compare IC Markets vs Barclays until you trust them with your money.
Our IC Markets vs Barclays comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Barclays side by side.
Our entire IC Markets vs Barclays Review covers everything you will need to learn about trading using either IC Markets or Barclays. A good broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a frequent misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and Barclays are both brokers that have found their way successfully into the broker world. In this review, we have attempted to collate a number of the important aspects of both IC Markets and Barclays. This review can allow you to know whether either Barclays or IC Markets is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Barclays Compared
IC Markets offers a minimum deposit of $200 while Barclays has a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Barclays 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 Barclays has around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and Barclays 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Barclays.
IC Markets and Barclays Contact Details
Being able to contact a broker simply is important. IC Markets and Barclays have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|Barclays Twitter Account
|IC Markets Facebook Page
|Barclays Facebook Page
|IC Markets Instagram Account
|Barclays Instagram Account
|IC Markets LinkedIn Page
|Barclays LinkedIn Page
|IC Markets YouTube Channel
|Barclays YouTube Channel
|Find Out More
Barclays 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 Barclays will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the 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.
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 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?
IC Markets vs Barclays - Awards
IC Markets have won a lot of industry awards over the time they have been running as a financial broker. We detail the most recognised awards for IC Markets below.
|At the time of writing this Barclays review, and despite Barclays’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs Barclays - Frequently Asked Questions
IC Markets vs Barclays - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Barclays was founded in 2011 and has its headquaters in United Kingdom.
What is the minimum deposit for Barclays or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Barclays is $0.
Depending on your needs, 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 Barclays are a good option.
IC Markets vs Barclays - 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).
Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
Both IC Markets and Barclays have a powerful set of rules for ensuring fair trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Barclays Commission And Fees
IC Markets and Barclays are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 types of penalties for this objective.
The first kind of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those who are billed when you hold a leveraged position for longer than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Barclays 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 sum. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Barclays are comparatively higher. As a result, you are billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of resources.
This IC Markets vs Barclays review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Barclays
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What Languages Do IC Markets And Barclays Support?
Being able to communicate completely with your trading broker is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find all the languages that both IC Markets and Barclays offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and Barclays Have?
Both IC Markets and Barclays are well established with their customer 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 customers IC Markets and Barclays are working with
|Clients / Users
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What Payment Methods Do IC Markets and Barclays Accept?
IC Markets and Barclays 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 Barclays
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What Can You Trade With IC Markets and Barclays?
IC Markets offers 232 trading instruments whilst Barclays offers 41.
Below you will find a full breakdown of what both IC Markets and Barclays offer.
IC Markets Review
IC Markets vs Barclays:
Table Of Contents
- Compare IC Markets vs Barclays
- Benefits of IC Markets and Barclays Compared
- Barclays and IC Markets Mobile App Comparison
- IC Markets vs Barclays - Awards
- IC Markets vs Barclays - Frequently Asked Questions
- What is the minimum deposit for Barclays or IC Markets
- IC Markets vs Barclays - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Barclays
- What Languages Do IC Markets And Barclays Support?
- How Many Clients Do IC Markets and Barclays Have?
- What Payment Methods Do IC Markets and Barclays Accept?
- What Can You Trade With IC Markets and Barclays?