IC Markets vs ETFinance, Updated for 2024
Read our In-Depth IC Markets vs ETFinance Review - Updated for 2024
Our review comparing IC Markets and ETFinance has been refreshed to reflect any changes for 2024 from knowledgeable insiders boasting extensive financial experience in Forex, Social Trading, & CFDs.
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 has a few pros and cons, so any comprehensive analysis of IC Markets vs ETFinance should not be regarded as thorough without embracing a fair assessment.
Examine IC Markets and ETFinance in order to understand the way these platforms line up with one another prior to you choose to create an account. Performing a comprehensive comparison will put things in perspective so that you're aware of what to expect.
So you are looking for an online trading platform and are choosing between IC Markets or ETFinance. Who is better in 2024?
This IC Markets vs ETFinance comparison contains the most recent information so you can easily compare ETFinance against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of broker since you keep trading. For starters, you have to choose the right broker who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and ETFinance are two such trading platforms which will take you and your investment to great heights. It's important that you compare IC Markets vs ETFinance before you trust them with your money.
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 learn about trading with either IC Markets or ETFinance. A good broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully assess your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and ETFinance are both brokers which have forged their way successfully to the brokerage world. Within this review, we have tried to collate some of the vital aspects of both IC Markets and ETFinance. This review will allow you to know whether either ETFinance or IC Markets is a fantastic match for your own investments or not. We have tried to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and ETFinance Compared
IC Markets offers a minimum deposit of $200 while ETFinance offers 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 available.
The more 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 should never 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 your broker easily is a sign of a professional broker. IC Markets and ETFinance have the following contact details and social medias that you can use.
|+248 467 19 76
|+8 006 003 7004
|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
|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.
This part of comparing IC Markets and ETFinance will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 many industry awards over the time they have been operating as a financial broker. We show the most notable awards for IC Markets here.
ETFinance have won several industry awards over the years they have been running as a financial broker. We show the most notable awards for ETFinance here.
|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 needs, 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 honest trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information 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 brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can 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 those who are billed when you hold a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or ETFinance charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and ETFinance are comparatively greater. As a result, you are billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This IC Markets vs ETFinance review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And ETFinance
What Languages Do IC Markets And ETFinance Support?
Being able to communicate easily with your trading broker is a key part of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site 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 ETFinance support.
How Many Clients Do IC Markets and ETFinance Have?
Both IC Markets and ETFinance are well established with their client base. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and ETFinance are working with
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?