IC Markets vs Bithumb, 2024 Update

Compare IC Markets vs Bithumb

Every online trading platforms feature a few pros and cons, and a complete review of IC Markets and Bithumb should not be regarded as thorough without having an objective perspective.

Examine Bithumb and IC Markets in order to understand the way they stack up to each other before you decide to create an account. A comprehensive comparison can put things into perspective in order that you're informed about what to expect.

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

This IC Markets vs Bithumb comparison contains the most recent information so you can easily compare Bithumb 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 thorough knowledge. You will get adept at all the concepts of broker since you keep trading. For starters, you need to choose the right broker who will be clear with you always.

In this fast-paced world 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 Bithumb are just two such companies which will take you and your investment to great heights. It's crucial to compare IC Markets vs Bithumb until you trust them with your money.

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

Our entire IC Markets vs Bithumb Review covers all you need to learn about trading with either IC Markets or Bithumb. A good broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and Bithumb are both brokers which have found their way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital facets of both IC Markets and Bithumb. This review can help you to know whether either Bithumb or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.

Benefits of IC Markets and Bithumb Compared

IC Markets offers a minimum deposit of $200 while Bithumb has a $500 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Bithumb 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 whilst Bithumb allows you to trade around 232 available.

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

IC Markets and Bithumb Contact Details

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

Bithumb and IC Markets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this part of our comparison of IC Markets and Bithumb we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of both 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 Bithumb - Awards

IC Markets vs Bithumb - Frequently Asked Questions

IC Markets vs Bithumb - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

Bithumb was founded in 2009 and has its headquaters in Hong Kong.

What is the minimum deposit for Bithumb or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Bithumb is $500.

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 Bithumb are a good choice.

IC Markets vs Bithumb - 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).

Bithumb is regulated by Unregulated.

Bithumb is unregulated but IC Markets has a strong set of rules for ensuring fair trading onto its individual platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).

As per their privacy regulation, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Bithumb Commission And Fees

IC Markets and Bithumb are online broker platforms, and many online brokerages charge lower fees 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 is not necessarily influenced by the number of clients they have.

But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of penalties for this purpose.

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

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those who are billed when you hold a leveraged position for more than daily.

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

In general, neither IC Markets or Bithumb 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 lesser sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.

However, non-trading fees charged by IC Markets and Bithumb are relatively greater. Consequently, you're billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't related to the purchase and sale of assets.

This IC Markets vs Bithumb review for 2024 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Bithumb

What Languages Do IC Markets And Bithumb Support?

Being able to chat completely with your online broker is a key element when comparing online brokers to find the best broker. 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 will find the languages that both IC Markets and Bithumb support.

How Many Clients Do IC Markets and Bithumb Have?

Both IC Markets and Bithumb are well known and trusted. It is 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 they already work with.

Below you will find details of how many users IC Markets and Bithumb are active on their platform

What Payment Methods Do IC Markets and Bithumb Accept?

IC Markets and Bithumb 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 Bithumb

What Can You Trade With IC Markets and Bithumb?

IC Markets offers 232 trading instruments and Bithumb offers 56.

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