IC Markets vs Colmex, Who's Better?
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Colmex Guide
Read our In-Depth IC Markets vs Colmex Review - Updated for 2024
Our comprehensive analysis of IC Markets and Colmex has been revised for 2024 from industry experts boasting years of financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Colmex does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Colmex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Colmex
All platforms for online trading will have some pros and cons, so a complete analysis of IC Markets vs Colmex cannnot be regarded as thorough without embracing a fair assessment.
Assess Colmex and IC Markets in order to understand how they compare against each other before you decide to open an account. Conducting a comparative analysis will put things into perspective in order that you remain informed about the expectations.
So you are looking for a professional broker and are choosing between IC Markets or Colmex. Who should you choose?
Our IC Markets vs Colmex comparison contains the most recent information so you can easily compare Colmex against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker as you continue trading. For starters, you have to select the ideal broker who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Colmex are just two such stages that will take you along with your investment to great heights. It's important that you compare IC Markets vs Colmex until you trust them with your money.
Our IC Markets vs Colmex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Colmex side by side.
Our full IC Markets vs Colmex Review covers everything you need to know about trading using either IC Markets or Colmex. A good agent can multiply your first investments and provide you favorable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Colmex are both brokers that have paved their way successfully to the brokerage world. Within this review, we have tried to collate some of the important facets of both IC Markets and Colmex. This review will allow you to understand whether either Colmex or IC Markets is a fantastic fit for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of IC Markets and Colmex Compared
IC Markets offers a minimum deposit of $200 while Colmex offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Colmex 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 Colmex allows you to trade around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Colmex 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 Colmex.
IC Markets and Colmex Contact Details
Being able to contact a broker through many ways is vital. IC Markets and Colmex have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|Colmex Twitter Account
|IC Markets Facebook Page
|Colmex Facebook Page
|IC Markets Instagram Account
|Colmex Instagram Account
|IC Markets LinkedIn Page
|Colmex LinkedIn Page
|IC Markets YouTube Channel
|Colmex YouTube Channel
|Find Out More
Colmex 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 Colmex 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 the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 Colmex - Awards
IC Markets have won many industry awards over the years they have been operating as an online broker. We list the most recognised awards for IC Markets here.
|At the time of writing this Colmex review, and despite Colmex’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs Colmex - Frequently Asked Questions
IC Markets vs Colmex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Colmex was founded in 1990 and has its headquaters in Cyprus.
What is the minimum deposit for Colmex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Colmex is $100.
Depending on your needs, 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 Colmex are a good option.
IC Markets vs Colmex - 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).
Colmex is regulated by Securities and Exchange Commission (SEC).
Both IC Markets and Colmex have a powerful set of rules for ensuring honest trading onto their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Colmex Commission And Fees
IC Markets and Colmex are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not 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 mainly 3 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 buying a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Colmex charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Colmex are comparatively competitive. As a result, you are charged more for non-trading actions on your trading account, like deposits and withdrawal. These are not about the purchase and sale of resources.
This IC Markets vs Colmex review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Colmex
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What Languages Do IC Markets And Colmex Support?
Being able to communicate completely with your online broker is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both IC Markets and Colmex support.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and Colmex Have?
Both IC Markets and Colmex are well established with their customer base. It is important to work with a broker you can trust 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 users IC Markets and Colmex are working with
|Clients / Users
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What Payment Methods Do IC Markets and Colmex Accept?
IC Markets and Colmex 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 Colmex
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What Can You Trade With IC Markets and Colmex?
IC Markets offers 232 trading instruments and Colmex offers 78.
Below you will find a full breakdown of what both IC Markets and Colmex offer.
IC Markets Review
IC Markets vs Colmex:
Table Of Contents
- Compare IC Markets vs Colmex
- Benefits of IC Markets and Colmex Compared
- Colmex and IC Markets Mobile App Comparison
- IC Markets vs Colmex - Awards
- IC Markets vs Colmex - Frequently Asked Questions
- What is the minimum deposit for Colmex or IC Markets
- IC Markets vs Colmex - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Colmex
- What Languages Do IC Markets And Colmex Support?
- How Many Clients Do IC Markets and Colmex Have?
- What Payment Methods Do IC Markets and Colmex Accept?
- What Can You Trade With IC Markets and Colmex?