IC Markets vs Chase Bank, Who's The Best?

Compare IC Markets vs Chase Bank

Each trading platforms has some ups and downs, so any comprehensive IC Markets and Chase Bank review would not be regarded as thorough without embracing a balanced approach.

Compare IC Markets and Chase Bank in order to understand the way they line up to each before you choose to create an account. Performing a comprehensive comparison helps to bring aspects in perspective so that you are informed about what to expect.

So you are looking for a professional broker and are choosing between IC Markets or Chase Bank. Who is better in 2023?

Our IC Markets vs Chase Bank comparison contains the latest information so you can easily compare Chase Bank against IC Markets.

If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You will get proficient at all of the concepts of broker as you keep trading. For starters, you have to select the right agent who'll be transparent with you always.

Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Chase Bank are two such trading platforms which will take you and your investment to great heights. It's crucial to compare IC Markets vs Chase Bank until you trust them with your cash.

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

Our entire IC Markets vs Chase Bank Review covers everything you need to know about trading with either IC Markets or Chase Bank. A good agent can multiply your initial investments and provide you positive 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 assess your agent before you choose them. It's a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

IC Markets and Chase Bank are both brokers that have found their way successfully to the brokerage world. Within this review, we've attempted to collate some of the important facets of both IC Markets and Chase Bank. This review will allow you to understand whether either Chase Bank or IC Markets is a fantastic match for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.

Benefits of IC Markets and Chase Bank Compared

IC Markets has a minimum deposit of $200 while Chase Bank offers a $100 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Chase Bank 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 Chase Bank has around 232 available.

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

IC Markets and Chase Bank Contact Details

Being able to contact your broker simply is vital. IC Markets and Chase Bank have the following contact details and social medias that you can use.

Chase Bank 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 Chase Bank 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 the 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 Chase Bank - Awards

IC Markets vs Chase Bank - Frequently Asked Questions

IC Markets vs Chase Bank - Headquarters And Year Of Founding

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

Chase Bank was founded in 1975 and has its headquaters in United States.

What is the minimum deposit for Chase Bank or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Chase Bank is $100.

Depending on your current situation, 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 Chase Bank are a good choice.

IC Markets vs Chase Bank - 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).

Chase Bank is regulated by Australian Securities and Investment Commission (ASIC).

Both IC Markets and Chase Bank have a strong set of rules for ensuring honest trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their individual privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs Chase Bank Commission And Fees

IC Markets and Chase Bank are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an online broker isn't 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 make money. There are primarily 3 different types of penalties for this objective.

The first sort of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, financing rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions can be fixed or determined by 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 who are charged when you maintain a leveraged position for longer than a day.

Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, neither IC Markets or Chase Bank charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, for example daily or weekly trading.

However, non-trading fees charged by IC Markets and Chase Bank are relatively higher. As a result, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.

This IC Markets vs Chase Bank review for 2023 breaks down every one of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Chase Bank

What Languages Do IC Markets And Chase Bank Support?

Being able to chat easily with your online broker is a key element when comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.

Below you will find all the languages that both IC Markets and Chase Bank offer communication in.

How Many Clients Do IC Markets and Chase Bank Have?

Both IC Markets and Chase Bank are well established with their customer base. It is really important to work with a broker you can trust 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 Chase Bank are working with

What Payment Methods Do IC Markets and Chase Bank Accept?

IC Markets and Chase Bank 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 Chase Bank

What Can You Trade With IC Markets and Chase Bank?

IC Markets offers 232 trading instruments whilst Chase Bank offers 72.

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