IC Markets vs Degiro, 2023 Update
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Degiro Guide
Read our In-Depth IC Markets vs Degiro Review - 2023 Update
This IC Markets vs Degiro review has been updated for 2023 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 Degiro review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Degiro Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Degiro
Every online trading system will have some ups and downs, and no IC Markets and Degiro review would be complete without having a balanced approach. Compare IC Markets and Degiro 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.
So you are looking for an online trading platform and are choosing between IC Markets or Degiro. Who is better in 2023?
This IC Markets vs Degiro comparison contains the latest information so you can easily compare Degiro against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire adept at all of the concepts of broker as you continue trading. For starters, you have to select the right broker who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Degiro are just two such platforms that will take you and your investment into great heights. It is crucial to compare IC Markets vs Degiro before you trust them with your money.
Our IC Markets vs Degiro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Degiro side by side.
Our full IC Markets vs Degiro Review covers all you will need to know about trading with either IC Markets or Degiro. A fantastic agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and Degiro are both brokers that have found their way successfully into the brokerage world. Within this review, we have attempted to collate a number of the important facets of both IC Markets and Degiro. This review can allow you to understand whether either Degiro or IC Markets is a good fit for your own investments or not. We've tried to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Degiro Compared
IC Markets has a minimum deposit of $200 while Degiro has a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Degiro 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 Degiro allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and Degiro 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 Degiro.
IC Markets and Degiro Contact Details
Being able to contact your broker simply is a sign of a professional broker. IC Markets and Degiro have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||Degiro Twitter Account|
|IC Markets Facebook Page||Degiro Facebook Page|
|IC Markets Instagram Account||Degiro Instagram Account|
|IC Markets LinkedIn Page||Degiro LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Degiro YouTube Channel|
|Find Out More||
Degiro 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 Degiro we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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 Degiro - Awards
IC Markets have won numerous industry awards over the years they have been operating as a financial broker. We show the most recognised awards for IC Markets below.
|At the time of writing this Degiro review, and despite Degiro’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
IC Markets vs Degiro - Frequently Asked Questions
IC Markets vs Degiro - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Degiro was founded in 1934 and has its head office in Netherlands.
What is the minimum deposit for Degiro or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Degiro is $0.
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 Degiro are a good choice.
IC Markets vs Degiro - 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).
Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).
Both IC Markets and Degiro have a strong set of rules for ensuring fair trading onto their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Degiro Commission And Fees
IC Markets and Degiro are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you are spending a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents 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 investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Degiro charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Degiro are relatively greater. As a result, you are billed more for non-trading actions in your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This IC Markets vs Degiro review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Degiro
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What Languages Do IC Markets And Degiro Support?
Being able to communicate completely with your online platform is a key part of comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and Degiro offer communication in.
|Languages Supported||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, and Chinese|
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How Many Clients Do IC Markets and Degiro Have?
Both IC Markets and Degiro are well established with their client 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 are using their services.
Below you will find details of how many customers IC Markets and Degiro are active on their platform
|Clients / Users||60,000+||600,000+|
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What Payment Methods Do IC Markets and Degiro Accept?
IC Markets and Degiro 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 Degiro
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What Can You Trade With IC Markets and Degiro?
IC Markets offers 232 trading instruments whilst Degiro offers 84.
Below you will find a full breakdown of what both IC Markets and Degiro offer.
Compare IC Markets To All Other Brokers
Compare Degiro To All Other Brokers
IC Markets Review
IC Markets vs Degiro:
Table Of Contents
- Compare IC Markets vs Degiro
- Benefits of IC Markets and Degiro Compared
- Degiro and IC Markets Mobile App Comparison
- IC Markets vs Degiro - Awards
- IC Markets vs Degiro - Frequently Asked Questions
- What is the minimum deposit for Degiro or IC Markets
- IC Markets vs Degiro - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Degiro
- What Languages Do IC Markets And Degiro Support?
- How Many Clients Do IC Markets and Degiro Have?
- What Payment Methods Do IC Markets and Degiro Accept?
- What Can You Trade With IC Markets and Degiro?