IC Markets vs Direct FX, Who's Better?

Compare IC Markets vs Direct FX

All online trading platforms has a few ups and downs, and any comprehensive review of IC Markets and Direct FX should not be complete without embracing an objective perspective.

Examine IC Markets and Direct FX to get a better understanding of the way these platforms line up to one another prior to you create an account. A side-by-side comparison can put things in perspective so that you're cognizant of what you should anticipate.

So you are looking for an online trading platform and are choosing between IC Markets or Direct FX. Which one is best in 2023?

Our IC Markets vs Direct FX comparison contains the most recent information so you can easily compare Direct FX against IC Markets.

If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal broker who'll be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Direct FX are two such trading platforms that will take you along with your investment to great heights. It's important that you compare IC Markets vs Direct FX before you trust them with your money.

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

Our entire IC Markets vs Direct FX Review covers all you will need to learn about trading with either IC Markets or Direct FX. A good agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.

There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and Direct FX are both brokers which have found their way successfully into the broker world. In this review, we've tried to collate some of the vital facets of both IC Markets and Direct FX. This review will allow you to know whether either Direct FX or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all of the features and fees for your advantage.

Benefits of IC Markets and Direct FX Compared

IC Markets has a minimum deposit of $200 while Direct FX has a $1 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Direct FX 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 Direct FX allows you to trade around 232 available.

The more instruments you can trade on the IC Markets and Direct FX 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Direct FX.

IC Markets and Direct FX Contact Details

Being able to contact a broker simply is vital. IC Markets and Direct FX have the following contact details and social medias that you can use.

Direct FX 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.

This part of comparing IC Markets and Direct FX will examine whether their mobile app meets all our requirements.

We rate overall the user-friendliness of both 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

While most brokers are good at this, there are some poor ones. 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 Direct FX - Awards

IC Markets vs Direct FX - Frequently Asked Questions

IC Markets vs Direct FX - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

Direct FX was founded in 2006 and has its head office in New Zealand.

What is the minimum deposit for Direct FX or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Direct FX is $1.

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 Direct FX are a good choice.

IC Markets vs Direct FX - 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).

Direct FX is regulated by Unregulated.

Direct FX is unregulated but IC Markets has a powerful collection of rules for ensuring fair trading onto its individual platforms. For data encryption purposes, they provide industry-standard secure socket layer (SSL).

As per their individual privacy regulation, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs Direct FX Commission And Fees

IC Markets and Direct FX are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the number of clients they have.

However, this does not 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 primarily three different types of fees for this purpose.

The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, financing speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight prices are those who are billed when you hold a leveraged position for more than a day.

Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They're billed for surgeries like depositing cash, not trading for long periods, or withdrawals.

In general, neither IC Markets or Direct FX 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 can be beneficial for those who often exchange, such as daily or weekly trading.

However, non-trading fees charged by IC Markets and Direct FX are relatively competitive. As a result, you're billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not about the purchase and sale of assets.

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

Compare Broker Fees For IC Markets And Direct FX

What Languages Do IC Markets And Direct FX Support?

Being able to chat easily with your online broker is a key way of comparing brokers to find your perfect 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 online.

Here you can find the languages that both IC Markets and Direct FX offer communication in.

How Many Clients Do IC Markets and Direct FX Have?

Both IC Markets and Direct FX are well established with their customer base. It is really 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 are using their services.

Below you will find details of how many users IC Markets and Direct FX are active on their platform

What Payment Methods Do IC Markets and Direct FX Accept?

IC Markets and Direct FX 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 Direct FX

What Can You Trade With IC Markets and Direct FX?

IC Markets offers 232 trading instruments and Direct FX offers .

Below you will find a full breakdown of what both IC Markets and Direct FX offer.