IC Markets vs Betterment, Who's Better?
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IC Markets Rating: 8.34 / 10 |
Betterment Rating: 2.68 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Betterment Guide |
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Read our In-Depth IC Markets vs Betterment Review - 2022 Update
This IC Markets vs Betterment review has been updated for 2022 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 Betterment review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Betterment Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between IC Markets or Betterment. Which one is best in 2022?
Our IC Markets vs Betterment review contains the most recent information so you can easily compare Betterment against IC Markets.
If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Betterment are two such stages that will take you along with your investment into great heights. It's important to compare IC Markets vs Betterment until you trust them with your money.
Our IC Markets vs Betterment comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Betterment side by side.
Our entire IC Markets vs Betterment Review covers all you will need to learn about trading with either IC Markets or Betterment. A good broker can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you select them. It is a frequent misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and Betterment are both brokers which have found their way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital facets of both IC Markets and Betterment. This review will help you to know whether either Betterment or IC Markets is a fantastic match for your own investments or not. We've tried to breakdown all the features and fees for your advantage.
Compare IC Markets vs Betterment
Every online trading platform has a few pros and cons, and no IC Markets and Betterment review would be complete without having a balanced approach. Compare IC Markets and Betterment to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and Betterment Compared
IC Markets has a minimum deposit of $200 while Betterment offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Betterment 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 while Betterment allows you to trade around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Betterment 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Betterment.
IC Markets and Betterment Contact Details
Being able to contact your broker easily is important. IC Markets and Betterment have the following contact details and social medias that you can use.
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| Broker | IC Markets | Betterment |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Betterment Twitter Account | |
| IC Markets Facebook Page | Betterment Facebook Page | |
| IC Markets Instagram Account | Betterment Instagram Account | |
| IC Markets LinkedIn Page | Betterment LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Betterment YouTube Channel |
| Find Out More |
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Betterment 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 Betterment we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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
While most brokers are good at this, there are some poor ones. 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 Betterment - Awards
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| Broker | IC Markets | Betterment |
| Awards |
IC Markets have won several industry awards over the years they have been running as an online trading platform. We list the most notable awards for IC Markets here.
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At the time of writing this Betterment review, and despite Betterment’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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IC Markets vs Betterment - Frequently Asked Questions
IC Markets vs Betterment - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Betterment was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for Betterment or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Betterment is $0.
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 Betterment are a good choice.
IC Markets vs Betterment - 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).
Betterment is regulated by Unregulated.
Betterment is unregulated but IC Markets has a powerful collection of rules for ensuring honest trading onto its individual platforms. For data encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their own privacy regulation, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Betterment Commission And Fees
IC Markets and Betterment are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you're paying a spread, funding rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight rates are those who are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Betterment charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and Betterment are relatively greater. Consequently, you're charged more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This IC Markets vs Betterment review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Betterment
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| Broker | IC Markets | Betterment |
| Minimum Deposit | $200 | $0 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And Betterment Support?
Being able to chat completely with your trading platform is a key element when comparing trading platforms 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 forex.
Here you can find the languages that both IC Markets and Betterment offer communication in.
How Many Clients Do IC Markets and Betterment Have?
Both IC Markets and Betterment are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients IC Markets and Betterment have
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| Broker | IC Markets | Betterment |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do IC Markets and Betterment Accept?
IC Markets and Betterment 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 Betterment
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| Broker | IC Markets | Betterment |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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What Can You Trade With IC Markets and Betterment?
IC Markets offers 232 trading instruments while Betterment offers 276.
Below you will find a full breakdown of what both IC Markets and Betterment offer.
Compare IC Markets To All Other Brokers
Compare Betterment To All Other Brokers
