IC Markets vs Bitfinex, Who's Better?

Compare IC Markets vs Bitfinex

Every platforms for online trading has some advantages and disadvantages, so any comprehensive IC Markets and Bitfinex review would not be regarded as thorough without adopting a fair assessment.

Assess IC Markets and Bitfinex in order to understand just how they line up with one another before you make an account. Conducting a side-by-side comparison helps to bring aspects into perspective to ensure that you are aware of what to expect.

So you are looking for a reputable broker and are choosing between IC Markets or Bitfinex. Who is better in 2024?

This IC Markets vs Bitfinex comparison contains the most recent information so you can easily compare Bitfinex against IC Markets.

If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to choose the right broker who'll be transparent with you always.

In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Bitfinex are just two such platforms which will take you along with your investment to great heights. It is important to compare IC Markets vs Bitfinex until you trust them with your cash.

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

Our entire IC Markets vs Bitfinex Review covers all you need to know about trading using either IC Markets or Bitfinex. A good broker can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing objectives.

There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you choose them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.

IC Markets and Bitfinex are both brokers that have paved their way successfully to the brokerage world. Within this review, we have attempted to collate some of the important aspects of both IC Markets and Bitfinex. This review can help you to know whether either Bitfinex or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all of the qualities and fees for your convenience.

Benefits of IC Markets and Bitfinex Compared

IC Markets offers a minimum deposit of $200 while Bitfinex has a $100 minimum deposit.

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

The more instruments you can trade on the IC Markets and Bitfinex 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 Bitfinex.

IC Markets and Bitfinex Contact Details

Being able to contact a broker through many ways is important. IC Markets and Bitfinex have the following contact details and social medias that you can use.

Bitfinex 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 Bitfinex will examine whether their mobile app meets all our requirements.

We rate overall 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.

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 Bitfinex - Awards

IC Markets vs Bitfinex - Frequently Asked Questions

IC Markets vs Bitfinex - Headquarters And Year Of Founding

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

Bitfinex was founded in 2015 and has its headquaters in New Zealand.

What is the minimum deposit for Bitfinex or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Bitfinex 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 Bitfinex are a good option.

IC Markets vs Bitfinex - 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).

Bitfinex is regulated by Financial Services Provider (FSP).

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

As per their privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs Bitfinex Commission And Fees

IC Markets and Bitfinex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the amount of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three types of fees for this purpose.

The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for longer than daily.

Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, neither IC Markets or Bitfinex charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, such as daily or weekly trading.

But, non-trading fees charged by IC Markets and Bitfinex are relatively competitive. As a result, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of assets.

This IC Markets vs Bitfinex review for 2024 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Bitfinex

What Languages Do IC Markets And Bitfinex Support?

Being able to chat easily with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.

Here you can find the languages that both IC Markets and Bitfinex support.

How Many Clients Do IC Markets and Bitfinex Have?

Both IC Markets and Bitfinex are well established with their client base. It is really important to work with an online broker that is reputable 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 clients IC Markets and Bitfinex are active on their platform

What Payment Methods Do IC Markets and Bitfinex Accept?

IC Markets and Bitfinex 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 Bitfinex

What Can You Trade With IC Markets and Bitfinex?

IC Markets offers 232 trading instruments whilst Bitfinex offers 55.

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