IC Markets vs Commonwealth Securities, 2023 Update

Compare IC Markets vs Commonwealth Securities

Every online trading platforms will have a few pros and cons, and any comprehensive review of IC Markets and Commonwealth Securities cannnot be regarded as thorough without embracing a balanced approach.

Compare IC Markets and Commonwealth Securities in order to understand how these platforms stack up against each other before you decide to create an account. Performing a side-by-side comparison helps to bring aspects into perspective to ensure that you are informed about the expectations.

So you are looking for a reputable broker and are choosing between IC Markets or Commonwealth Securities. Who is better in 2023?

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

If you're a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll get proficient at all of the concepts of broker as you continue trading. For starters, you need to select the ideal broker who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Commonwealth Securities are just two such stages that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs Commonwealth Securities until you trust them with your money.

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

Our entire IC Markets vs Commonwealth Securities Review covers all you will need to learn about trading with either IC Markets or Commonwealth Securities. A fantastic broker can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.

There is no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you select them. It's a common misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and Commonwealth Securities are both brokers that have forged their way successfully into the broker world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and Commonwealth Securities. This review will help you to understand whether either Commonwealth Securities or IC Markets is a fantastic match for your own investments or not. We have tried to breakdown all of the qualities and charges for your convenience.

Benefits of IC Markets and Commonwealth Securities Compared

IC Markets has a minimum deposit of $200 while Commonwealth Securities has a $5000 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Commonwealth Securities 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 while Commonwealth Securities has around 232 on their platform.

The more financial instruments you can trade on the IC Markets and Commonwealth Securities 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 Commonwealth Securities.

IC Markets and Commonwealth Securities Contact Details

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

Commonwealth Securities 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 Commonwealth Securities 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.

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 Commonwealth Securities - Awards

IC Markets vs Commonwealth Securities - Frequently Asked Questions

IC Markets vs Commonwealth Securities - Headquarters And Year Of Founding

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

Commonwealth Securities was founded in 1999 and has its headquaters in Australia.

What is the minimum deposit for Commonwealth Securities or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Commonwealth Securities is $5000.

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 Commonwealth Securities are a good choice.

IC Markets vs Commonwealth Securities - 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).

Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC).

Both IC Markets and Commonwealth Securities have a strong collection of rules for ensuring honest trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs Commonwealth Securities Commission And Fees

IC Markets and Commonwealth Securities are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this objective.

The first kind of fees to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, funding rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. 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 agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.

In general, neither IC Markets or Commonwealth Securities charge high fees compared to other online brokers. For operations other brokers charge for, they 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 Commonwealth Securities are relatively greater. Consequently, you're charged more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.

This IC Markets vs Commonwealth Securities review for 2023 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Commonwealth Securities

What Languages Do IC Markets And Commonwealth Securities Support?

Being able to talk easily with your trading platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.

Here you will find all the languages that both IC Markets and Commonwealth Securities offer communication in.

How Many Clients Do IC Markets and Commonwealth Securities Have?

Both IC Markets and Commonwealth Securities are well known and trusted. 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 clients are using their services.

Below you will find details of how many clients IC Markets and Commonwealth Securities have

What Payment Methods Do IC Markets and Commonwealth Securities Accept?

IC Markets and Commonwealth Securities 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 Commonwealth Securities

What Can You Trade With IC Markets and Commonwealth Securities?

IC Markets offers 232 trading instruments and Commonwealth Securities offers 79.

Below you will find a full breakdown of what both IC Markets and Commonwealth Securities offer.