IC Markets vs Commonwealth Securities, Updated for 2024
IC Markets Rating
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Commonwealth Securities Rating
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Commonwealth Securities Guide |
Read our In-Depth IC Markets vs Commonwealth Securities Review - Updated for 2024
Our review comparing IC Markets and Commonwealth Securities has been refreshed to reflect any changes for 2024 from seasoned professionals with years of financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Commonwealth Securities does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Commonwealth Securities Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Commonwealth Securities
All online trading platforms will have a few advantages and disadvantages, so a complete analysis of IC Markets vs Commonwealth Securities cannnot be complete without adopting an objective perspective.
Compare Commonwealth Securities and IC Markets in order to understand just how these platforms stack up with one another prior to you open an account. Conducting a comprehensive comparison will bring aspects into perspective in order that you remain cognizant of what you should anticipate.
So you are looking for a broker and are choosing between IC Markets or Commonwealth Securities. Who is better in 2024?
This 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 facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who will be clear with you always.
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 platforms that will take you and your investment into great heights. It's important to compare IC Markets vs Commonwealth Securities before you trust them with your cash.
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 full 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 first investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you select them. It is a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and Commonwealth Securities are both brokers that have paved their way successfully to the broker world. Within this review, we have attempted to collate some of the important facets of both IC Markets and Commonwealth Securities. This review can allow you to understand whether either Commonwealth Securities or IC Markets is a fantastic fit for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.
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 whilst Commonwealth Securities allows you to trade around 232 on their platform.
The more 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 should never 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 a broker through many ways is vital. IC Markets and Commonwealth Securities have the following contact details and social medias that you can use.
Broker | IC Markets | Commonwealth Securities |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
IC Markets Twitter Account | Commonwealth Securities Twitter Account | |
IC Markets Facebook Page | Commonwealth Securities Facebook Page | |
IC Markets Instagram Account | Commonwealth Securities Instagram Account | |
IC Markets LinkedIn Page | Commonwealth Securities LinkedIn Page | |
YouTube | IC Markets YouTube Channel | Commonwealth Securities YouTube Channel |
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Commonwealth Securities 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.
This part of comparing IC Markets and Commonwealth Securities will examine whether their mobile app meets all our requirements.
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
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 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
Broker | IC Markets | Commonwealth Securities |
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Awards |
IC Markets have won many industry awards over the time they have been running as an online trading platform. We show the most notable awards for IC Markets here.
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At the time of writing this Commonwealth Securities review, and despite Commonwealth Securities’s impressive offering, the company has surprisingly not garnered any awards to date. |
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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 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 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 set of rules for ensuring honest trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own 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 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 trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Commonwealth Securities charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and Commonwealth Securities are comparatively higher. As a result, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This IC Markets vs Commonwealth Securities review for 2024 breaks down every one of the relevant non-trading fees 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 communicate completely with your online broker is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Here you can find all the languages that both IC Markets and Commonwealth Securities support.
How Many Clients Do IC Markets and Commonwealth Securities Have?
Both IC Markets and Commonwealth Securities are well established with their customer base. It is important to work with an online broker you can trust and one of the most simple 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 Commonwealth Securities are active on their platform
Broker | IC Markets | Commonwealth Securities |
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Clients / Users | 60,000+ | 10,000+ |
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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 whilst Commonwealth Securities offers 79.
Below you will find a full breakdown of what both IC Markets and Commonwealth Securities offer.
IC Markets Review
IC Markets vs Commonwealth Securities:
Table Of Contents
- Compare IC Markets vs Commonwealth Securities
- Benefits of IC Markets and Commonwealth Securities Compared
- Commonwealth Securities and IC Markets Mobile App Comparison
- IC Markets vs Commonwealth Securities - Awards
- IC Markets vs Commonwealth Securities - Frequently Asked Questions
- What is the minimum deposit for Commonwealth Securities or IC Markets
- IC Markets vs Commonwealth Securities - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Commonwealth Securities
- What Languages Do IC Markets And Commonwealth Securities Support?
- How Many Clients Do IC Markets and Commonwealth Securities Have?
- What Payment Methods Do IC Markets and Commonwealth Securities Accept?
- What Can You Trade With IC Markets and Commonwealth Securities?