IC Markets vs Chase Bank, Who's The Best?
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IC Markets Rating: 8.34 / 10 |
Chase Bank Rating: 5.63 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Chase Bank Guide |
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Read our In-Depth IC Markets vs Chase Bank Review - for 2022
This IC Markets vs Chase Bank 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 Chase Bank review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Chase Bank 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 Chase Bank. Which one is best in 2022?
Our IC Markets vs Chase Bank review contains the most recent 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 confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll acquire proficient at all the concepts of broker as you keep trading. For starters, you have to choose the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and Chase Bank are two such platforms which will take you along with your investment into great heights. It's crucial to compare IC Markets vs Chase Bank before you trust them with your money.
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 will need to know about trading using either IC Markets or Chase Bank. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you select them. It is a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and Chase Bank are both brokers that have paved their way successfully into the broker world. In this review, we've attempted to collate a number of the important facets of both IC Markets and Chase Bank. This review will help you to know whether either Chase Bank or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all the qualities and charges for your convenience.
Compare IC Markets vs Chase Bank
Every online trading system will have a few pros and cons, and no IC Markets and Chase Bank review would be complete without showing both sides. Compare IC Markets and Chase Bank 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.
Benefits of IC Markets and Chase Bank Compared
IC Markets offers a minimum deposit of $200 while Chase Bank has 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 has around 232 financial instruments whilst Chase Bank allows you to trade around 232 financial instruments available.
The more financial 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 should never 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 an online trading platform through many ways is vital. IC Markets and Chase Bank have the following contact details and social medias that you can use.
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| Broker | IC Markets | Chase Bank |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Chase Bank Twitter Account | |
| IC Markets Facebook Page | Chase Bank Facebook Page | |
| IC Markets Instagram Account | Chase Bank Instagram Account | |
| IC Markets LinkedIn Page | Chase Bank LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Chase Bank YouTube Channel |
| Find Out More |
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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.
Overall, we rate 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. 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 Chase Bank - Awards
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| Broker | IC Markets | Chase Bank |
| Awards |
IC Markets have won several industry awards over the time they have been operating as an online broker. We list the most notable awards for IC Markets here.
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At the time of writing this Chase Bank review, and despite Chase Bank’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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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 collection of rules for ensuring fair trading on their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, client information is never to be shared with any other institutions or individuals. Including 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 many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the number of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of penalties for this objective.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are those that are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or Chase Bank charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and Chase Bank are comparatively greater. Consequently, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This IC Markets vs Chase Bank review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Chase Bank
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| Broker | IC Markets | Chase Bank |
| Minimum Deposit | $200 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And Chase Bank Support?
Being able to communicate completely with your trading broker is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to be sure you understand everything on their site 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 Chase Bank support.
How Many Clients Do IC Markets and Chase Bank Have?
Both IC Markets and Chase Bank are well established with their client base. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and Chase Bank are active on their platform
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| Broker | IC Markets | Chase Bank |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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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
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| Broker | IC Markets | Chase Bank |
| 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 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.
Compare IC Markets To All Other Brokers
Compare Chase Bank To All Other Brokers
