IC Markets vs Charter Prime, for 2023

Compare IC Markets vs Charter Prime

Each online trading platforms feature some ups and downs, and a complete review of IC Markets and Charter Prime should not be regarded as thorough without adopting a fair assessment.

Compare Charter Prime and IC Markets in order to understand the way these platforms stack up against one another prior to you decide to open an account. Conducting a side-by-side comparison can bring aspects in perspective to ensure that you're cognizant of what to expect.

So you are looking for a reputable broker and are choosing between IC Markets or Charter Prime. Which one is best in 2023?

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

If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get proficient at all of the concepts of brokerage since you keep trading. For starters, you have to choose the ideal broker who'll be transparent with you always.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Charter Prime are two such stages that will take you and your investment into great heights. It is important that you compare IC Markets vs Charter Prime until you trust them with your money.

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

Our full IC Markets vs Charter Prime Review covers all you will need to know about trading using either IC Markets or Charter Prime. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.

IC Markets and Charter Prime are both brokers which have forged their way successfully to the broker world. Within this review, we have attempted to collate some of the important aspects of both IC Markets and Charter Prime. This review will allow you to understand whether either Charter Prime or IC Markets is a good fit for your own investments or not. We've tried to breakdown all the qualities and fees for your convenience.

Benefits of IC Markets and Charter Prime Compared

IC Markets offers a minimum deposit of $200 while Charter Prime offers a $200 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Charter Prime 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 Charter Prime allows you to trade around 232 financial instruments available.

The more financial instruments you can trade on the IC Markets and Charter Prime 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 Charter Prime.

IC Markets and Charter Prime Contact Details

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

Charter Prime 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 Charter Prime 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 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. 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 Charter Prime - Awards

IC Markets vs Charter Prime - Frequently Asked Questions

IC Markets vs Charter Prime - Headquarters And Year Of Founding

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

Charter Prime was founded in 2012 and has its headquaters in Australia.

What is the minimum deposit for Charter Prime or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Charter Prime is $200.

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 Charter Prime are a good option.

IC Markets vs Charter Prime - 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).

Charter Prime is regulated by Financial Conduct Authority (FCA).

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

As per their own privacy policies, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Charter Prime Commission And Fees

IC Markets and Charter Prime are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily influenced by the number of customers they have.

However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.

The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you're spending a spread, financing rate, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight rates are those that are billed when you hold a leveraged position for longer than a day.

Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for operations like depositing money, not investing for long periods, or withdrawals.

In general, neither IC Markets or Charter Prime charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as weekly or daily trading.

But, non-trading fees charged by IC Markets and Charter Prime are comparatively lower. As a result, you're charged more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of assets.

This IC Markets vs Charter Prime review for 2023 breaks down each of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Charter Prime

What Languages Do IC Markets And Charter Prime Support?

Being able to chat completely with your trading broker is a key way of comparing brokers to find the best 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.

Here you can find the languages that both IC Markets and Charter Prime offer communication in.

How Many Clients Do IC Markets and Charter Prime Have?

Both IC Markets and Charter Prime are well known and trusted. It is really important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers they already work with.

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

What Payment Methods Do IC Markets and Charter Prime Accept?

IC Markets and Charter Prime 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 Charter Prime

What Can You Trade With IC Markets and Charter Prime?

IC Markets offers 232 trading instruments while Charter Prime offers 71.

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