IC Markets vs ETFinance, 2023 Update
Read our In-Depth IC Markets vs ETFinance Review - for 2023
Our comprehensive analysis of IC Markets and ETFinance has been revised for 2023 by seasoned professionals with considerable financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs ETFinance does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
ETFinance Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs ETFinance
All online trading platforms feature a few ups and downs, so any comprehensive IC Markets and ETFinance review should not be regarded as thorough without having a balanced approach.
Compare ETFinance and IC Markets to get a better understanding of just how they stack up to each other before you decide to open an account. Conducting a comprehensive comparison will bring aspects in perspective to ensure that you're aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or ETFinance. Who should you choose?
This IC Markets vs ETFinance comparison contains the latest information so you can easily compare ETFinance against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to select the right broker who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and ETFinance are just two such platforms that will take you along with your investment to great heights. It is important that you compare IC Markets vs ETFinance until you trust them with your cash.
Our IC Markets vs ETFinance comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and ETFinance side by side.
Our full IC Markets vs ETFinance Review covers all you will need to know about trading with either IC Markets or ETFinance. A good broker can multiply your first investments and give you favorable profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and ETFinance are both brokers that have found their way successfully to the brokerage world. Within this review, we've tried to collate a number of the important facets of both IC Markets and ETFinance. This review will help you to understand whether either ETFinance or IC Markets is a good match for your own investments or not. We've tried to breakdown all the features and charges for your advantage.
Benefits of IC Markets and ETFinance Compared
IC Markets has a minimum deposit of $200 while ETFinance has a $215 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and ETFinance 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 ETFinance allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and ETFinance 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 ETFinance.
IC Markets and ETFinance Contact Details
Being able to contact a broker through many ways is vital. IC Markets and ETFinance have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+8 006 003 7004|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||ETFinance Twitter Account|
|IC Markets Facebook Page||ETFinance Facebook Page|
|IC Markets Instagram Account||ETFinance Instagram Account|
|IC Markets LinkedIn Page||ETFinance LinkedIn Page|
|YouTube||IC Markets YouTube Channel||ETFinance YouTube Channel|
|Find Out More||
ETFinance 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 ETFinance we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
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 ETFinance - Awards
IC Markets have won numerous industry awards over the time they have been running as an online trading platform. We show the most recognised awards for IC Markets here.
ETFinance have won a lot of industry awards over the years they have been running as an online broker. We list the most recognised awards for ETFinance below.
|Find Out More||
IC Markets vs ETFinance - Frequently Asked Questions
IC Markets vs ETFinance - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
ETFinance was founded in 2018 and has its headquaters in Cyprus.
What is the minimum deposit for ETFinance or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for ETFinance is $215.
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 ETFinance are a good choice.
IC Markets vs ETFinance - 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).
ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and ETFinance have a powerful set of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs ETFinance Commission And Fees
IC Markets and ETFinance are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, financing rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or ETFinance charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and ETFinance are comparatively competitive. As a result, you're billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This IC Markets vs ETFinance review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And ETFinance
What Languages Do IC Markets And ETFinance Support?
Being able to chat completely with your trading platform is a key element when comparing brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you can find all the languages that both IC Markets and ETFinance support.
How Many Clients Do IC Markets and ETFinance Have?
Both IC Markets and ETFinance are well established with their customer base. It is really important to work with a broker that is reputable 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 clients IC Markets and ETFinance have
What Payment Methods Do IC Markets and ETFinance Accept?
IC Markets and ETFinance 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 ETFinance
What Can You Trade With IC Markets and ETFinance?
IC Markets offers 232 trading instruments whilst ETFinance offers 150.
Below you will find a full breakdown of what both IC Markets and ETFinance offer.
IC Markets Review
IC Markets vs ETFinance:
Table Of Contents
- Compare IC Markets vs ETFinance
- Benefits of IC Markets and ETFinance Compared
- ETFinance and IC Markets Mobile App Comparison
- IC Markets vs ETFinance - Awards
- IC Markets vs ETFinance - Frequently Asked Questions
- What is the minimum deposit for ETFinance or IC Markets
- IC Markets vs ETFinance - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And ETFinance
- What Languages Do IC Markets And ETFinance Support?
- How Many Clients Do IC Markets and ETFinance Have?
- What Payment Methods Do IC Markets and ETFinance Accept?
- What Can You Trade With IC Markets and ETFinance?