IC Markets vs Bittrex, Updated for 2024

Compare IC Markets vs Bittrex

Each platforms for online trading has a few pros and cons, so any comprehensive IC Markets and Bittrex review cannnot be complete without embracing a fair assessment.

Compare IC Markets and Bittrex to get a better understanding of the way these platforms line up against each other prior to you decide to create an account. A side-by-side comparison helps to bring aspects into perspective to ensure that you are informed about what you should anticipate.

So you are looking for an online trading platform and are choosing between IC Markets or Bittrex. Who is better in 2024?

This IC Markets vs Bittrex comparison contains the latest information so you can easily compare Bittrex against IC Markets.

If you are a new entrant in the realm of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept at all of the concepts of broker since you keep trading. For starters, you have to choose the right broker who will be transparent with you always.

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

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 full IC Markets vs Bittrex Review covers everything you need to learn about trading with either IC Markets or Bittrex. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.

There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It's a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and Bittrex are both brokers which have paved their way successfully into the broker world. Within this review, we've tried to collate a number of the vital facets of both IC Markets and Bittrex. This review can allow you to understand whether either Bittrex or IC Markets is a fantastic match for your own investments or not. We've attempted to breakdown all of the features and charges 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 while Bittrex allows you to trade around 232 financial instruments on their platform.

The more 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 should 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 a broker 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.

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.

This part of comparing IC Markets and Bittrex 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. 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 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 Bittrex - Awards

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 fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

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

Compare IC Markets vs Bittrex Commission And Fees

IC Markets and Bittrex are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.

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

The first sort 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 billed trading charges. In such instances, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

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

But, non-trading fees charged by IC Markets and Bittrex are relatively lower. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of assets.

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

Compare Broker Fees For IC Markets And Bittrex

What Languages Do IC Markets And Bittrex Support?

Being able to communicate easily with your online platform is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.

Below you can find 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 client base. It is really important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.

Below you will find details of how many clients IC Markets and Bittrex are working with

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

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.