IC Markets vs Bittrex, for 2023
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IC Markets Rating
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Bittrex Rating
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Losses can exceed deposits |
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IC Markets vs Bittrex Guide |
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Read our In-Depth IC Markets vs Bittrex Review - for 2023
This IC Markets vs Bittrex 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 Bittrex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Bittrex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Bittrex
Every online trading platform will have a few ups and downs, and no IC Markets and Bittrex review would be complete without having a balanced approach. Compare IC Markets and Bittrex to understand how they line 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.
So you are looking for a broker and are choosing between IC Markets or Bittrex. Who should you choose?
This IC Markets vs Bittrex comparison contains the most recent information so you can easily compare Bittrex against IC Markets.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Bittrex are two such platforms that will take you along with your investment into great heights. It's crucial that you compare IC Markets vs Bittrex until you trust them with your cash.
Our IC Markets vs Bittrex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Bittrex side by side.
Our entire IC Markets vs Bittrex Review covers all you need to learn about trading with either IC Markets or Bittrex. A good agent can multiply your first investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and Bittrex are both brokers which have found their way successfully to the brokerage world. In this review, we've tried to collate some of the vital facets of both IC Markets and Bittrex. This review will allow you to understand whether either Bittrex or IC Markets is a good fit for your investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and Bittrex Compared
IC Markets has a minimum deposit of $200 while Bittrex has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Bittrex 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 Bittrex has around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and Bittrex 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Bittrex.
IC Markets and Bittrex Contact Details
Being able to contact an online trading platform through many ways is a sign of a professional broker. IC Markets and Bittrex have the following contact details and social medias that you can use.
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| Broker | IC Markets | Bittrex |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Bittrex Twitter Account | |
| IC Markets Facebook Page | Bittrex Facebook Page | |
| IC Markets Instagram Account | Bittrex Instagram Account | |
| IC Markets LinkedIn Page | Bittrex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Bittrex YouTube Channel |
| Find Out More |
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Bittrex 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 Bittrex we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 Bittrex - Awards
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| Broker | IC Markets | Bittrex |
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IC Markets have won a lot of industry awards over the time they have been operating as an online broker. We list the most recognised awards for IC Markets below.
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At the time of writing this Bittrex review, and despite Bittrex’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Bittrex - Frequently Asked Questions
IC Markets vs Bittrex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Bittrex was founded in 2010 and has its head office in South Korea.
What is the minimum deposit for Bittrex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Bittrex is $100.
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 Bittrex are a good choice.
IC Markets vs Bittrex - 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).
Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both IC Markets and Bittrex have a strong set of rules for ensuring honest trading on their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Bittrex Commission And Fees
IC Markets and Bittrex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you are paying a spread, financing rate, or a commission. The sorts of trading charges and the rates vary 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. Funding or overnight prices are those that are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They're charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Bittrex charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by IC Markets and Bittrex are comparatively higher. Consequently, you are charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of resources.
This IC Markets vs Bittrex review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Bittrex
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| Broker | IC Markets | Bittrex |
| Minimum Deposit | $200 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And Bittrex Support?
Being able to communicate easily with your trading platform is a key way of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both IC Markets and Bittrex support.
How Many Clients Do IC Markets and Bittrex Have?
Both IC Markets and Bittrex are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and Bittrex have
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| Broker | IC Markets | Bittrex |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Bittrex Accept?
IC Markets and Bittrex 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 Bittrex
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| Broker | IC Markets | Bittrex |
| 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 Bittrex?
IC Markets offers 232 trading instruments whilst Bittrex offers 57.
Below you will find a full breakdown of what both IC Markets and Bittrex offer.
Compare IC Markets To All Other Brokers
Compare Bittrex To All Other Brokers