IC Markets vs Binary Mate, Who's Better?
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IC Markets Rating
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Binary Mate Rating
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IC Markets vs Binary Mate Guide |
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Read our In-Depth IC Markets vs Binary Mate Review - Updated for 2023
This IC Markets vs Binary Mate 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 Binary Mate review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Binary Mate Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Binary Mate
Every online trading system has a few ups and downs, and no IC Markets and Binary Mate review would be complete without having a balanced approach. Compare IC Markets and Binary Mate to understand how they stack 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 professional broker and are choosing between IC Markets or Binary Mate. Who is better in 2023?
This IC Markets vs Binary Mate comparison contains the most recent information so you can easily compare Binary Mate against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will acquire proficient at all the concepts of broker since you keep trading. For starters, you have to select the ideal agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Binary Mate are just two such trading platforms which will take you along with your investment into great heights. It is crucial to compare IC Markets vs Binary Mate before you trust them with your cash.
Our IC Markets vs Binary Mate comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Binary Mate side by side.
Our entire IC Markets vs Binary Mate Review covers everything you need to know about trading with either IC Markets or Binary Mate. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and Binary Mate are both brokers that have forged their way successfully to the brokerage world. In this review, we've tried to collate some of the important aspects of both IC Markets and Binary Mate. This review can allow you to understand whether either Binary Mate or IC Markets is a good fit for your investments or not. We have tried to breakdown all the features and charges for your convenience.
Benefits of IC Markets and Binary Mate Compared
IC Markets offers a minimum deposit of $200 while Binary Mate has a $1000 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Binary Mate 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 Binary Mate allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and Binary Mate 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 Binary Mate.
IC Markets and Binary Mate Contact Details
Being able to contact an online trading platform through many ways is important. IC Markets and Binary Mate have the following contact details and social medias that you can use.
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| Broker | IC Markets | Binary Mate |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Binary Mate Twitter Account | |
| IC Markets Facebook Page | Binary Mate Facebook Page | |
| IC Markets Instagram Account | Binary Mate Instagram Account | |
| IC Markets LinkedIn Page | Binary Mate LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Binary Mate YouTube Channel |
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Binary Mate 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 Binary Mate 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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 Binary Mate - Awards
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| Broker | IC Markets | Binary Mate |
| Awards |
IC Markets have won numerous industry awards over the years they have been running as a financial broker. We show the most recognised awards for IC Markets here.
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At the time of writing this Binary Mate review, and despite Binary Mate’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Binary Mate - Frequently Asked Questions
IC Markets vs Binary Mate - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Binary Mate was founded in 2013 and has its headquaters in Malaysia.
What is the minimum deposit for Binary Mate or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Binary Mate is $1000.
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 Binary Mate are a good choice.
IC Markets vs Binary Mate - 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).
Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and Binary Mate have a powerful set of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs Binary Mate Commission And Fees
IC Markets and Binary Mate are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you're paying a spread, financing 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. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Binary Mate charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often exchange, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and Binary Mate are relatively higher. As a result, you're charged more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of assets.
This IC Markets vs Binary Mate review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Binary Mate
What Languages Do IC Markets And Binary Mate Support?
Being able to communicate completely with your online broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you can find the languages that both IC Markets and Binary Mate support.
How Many Clients Do IC Markets and Binary Mate Have?
Both IC Markets and Binary Mate are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and Binary Mate are active on their platform
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| Broker | IC Markets | Binary Mate |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Binary Mate Accept?
IC Markets and Binary Mate 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 Binary Mate
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| Broker | IC Markets | Binary Mate |
| 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 Binary Mate?
IC Markets offers 232 trading instruments and Binary Mate offers 54.
Below you will find a full breakdown of what both IC Markets and Binary Mate offer.
Compare IC Markets To All Other Brokers
Compare Binary Mate To All Other Brokers