IC Markets vs CIM Banque, for 2022
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IC Markets Rating: 8.34 / 10 |
CIM Banque Rating: 5.98 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs CIM Banque Guide |
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Read our In-Depth IC Markets vs CIM Banque Review - Updated for 2022
This IC Markets vs CIM Banque review has been updated for 2022 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 CIM Banque review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
CIM Banque Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for an online trading platform and are choosing between IC Markets or CIM Banque. Who is better in 2022?
This IC Markets vs CIM Banque review contains the latest information so you can easily compare CIM Banque 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 world of trading demands expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of broker since you keep trading. For starters, you need to select the ideal broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and CIM Banque are two such stages that will take you along with your investment to great heights. It's important that you compare IC Markets vs CIM Banque until you trust them with your cash.
Our IC Markets vs CIM Banque comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and CIM Banque side by side.
Our entire IC Markets vs CIM Banque Review covers everything you will need to learn about trading with either IC Markets or CIM Banque. A good agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; thus, you should carefully assess 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 set your investments at risk.
IC Markets and CIM Banque are both brokers which have forged their way successfully to the brokerage world. Within this review, we have tried to collate some of the vital facets of both IC Markets and CIM Banque. This review can allow you to know whether either CIM Banque or IC Markets is a fantastic fit for your investments or not. We've attempted to breakdown all the features and fees for your advantage.
Compare IC Markets vs CIM Banque
Every online trading platform has a few pros and cons, and no IC Markets and CIM Banque review would be complete without showing both sides. Compare IC Markets and CIM Banque to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and CIM Banque Compared
IC Markets offers a minimum deposit of $200 while CIM Banque has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and CIM Banque 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 has around 232 financial instruments while CIM Banque has around 232 financial instruments available.
The more instruments you can trade on the IC Markets and CIM Banque 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 CIM Banque.
IC Markets and CIM Banque Contact Details
Being able to contact an online trading platform through many ways is a sign of a professional broker. IC Markets and CIM Banque have the following contact details and social medias that you can use.
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| Broker | IC Markets | CIM Banque |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | CIM Banque Twitter Account | |
| IC Markets Facebook Page | CIM Banque Facebook Page | |
| IC Markets Instagram Account | CIM Banque Instagram Account | |
| IC Markets LinkedIn Page | CIM Banque LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | CIM Banque YouTube Channel |
| Find Out More |
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CIM Banque 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 CIM Banque we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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
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 CIM Banque - Awards
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| Broker | IC Markets | CIM Banque |
| Awards |
IC Markets have won a lot of industry awards over the time they have been running as an online trading platform. We show the most recognised awards for IC Markets below.
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At the time of writing this CIM Banque review, and despite CIM Banque’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs CIM Banque - Frequently Asked Questions
IC Markets vs CIM Banque - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
CIM Banque was founded in 1995 and has its head office in Geneva.
What is the minimum deposit for CIM Banque or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for CIM Banque 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 CIM Banque are a good option.
IC Markets vs CIM Banque - 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).
CIM Banque is regulated by Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC).
Both IC Markets and CIM Banque have a powerful collection of rules for ensuring honest trading on their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs CIM Banque Commission And Fees
IC Markets and CIM Banque are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not 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 mainly three types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, financing rate, or even a commission. The kinds 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 refers to the difference between the buying and selling cost. Funding or overnight rates are those that 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 dependent on the actions you undertake on your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or CIM Banque charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often exchange, for example weekly or daily trading.
But, non-trading fees charged by IC Markets and CIM Banque are relatively competitive. As a result, you are charged more for non-trading activities in your trading account, like deposits and withdrawal. These are not about the sale and purchase of assets.
This IC Markets vs CIM Banque review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And CIM Banque
What Languages Do IC Markets And CIM Banque Support?
Being able to chat completely with your online broker is a key part of comparing trading platforms to find the best trading partner. 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 forex.
Here you will find all the languages that both IC Markets and CIM Banque support.
How Many Clients Do IC Markets and CIM Banque Have?
Both IC Markets and CIM Banque are well established with their customer 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 clients they already work with.
Below you will find details of how many customers IC Markets and CIM Banque are active on their platform
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| Broker | IC Markets | CIM Banque |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and CIM Banque Accept?
IC Markets and CIM Banque 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 CIM Banque
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| Broker | IC Markets | CIM Banque |
| 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 CIM Banque?
IC Markets offers 232 trading instruments while CIM Banque offers 74.
Below you will find a full breakdown of what both IC Markets and CIM Banque offer.
Compare IC Markets To All Other Brokers
Compare CIM Banque To All Other Brokers
