IC Markets vs ETFinance, 2024 Update
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 seasoned professionals boasting years of financial experience across Social Trading, Forex, & 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
Each trading platforms will have certain pros and cons, and a complete review of IC Markets and ETFinance would not be complete without having an objective perspective.
Examine ETFinance and IC Markets to understand the way they line up against each prior to you choose to make an account. Conducting a side-by-side comparison will put things in perspective in order that you're aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between IC Markets or ETFinance. Which one is best 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 world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and ETFinance are two such companies that will take you along with your investment to great heights. It is crucial to 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 need to learn about trading with either IC Markets or ETFinance. A good agent can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be 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 into the brokerage world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and ETFinance. This review can help you to know whether either ETFinance or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all the qualities and charges 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 while ETFinance has 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 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 a broker simply is vital. IC Markets and ETFinance have the following contact details and social medias that you can use.
Broker | IC Markets | ETFinance |
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Telephone Number | +248 467 19 76 | +8 006 003 7004 |
support@icmarkets.com | support@etfinance.eu | |
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 |
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ETFinance 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 ETFinance will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
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 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
Broker | IC Markets | ETFinance |
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Awards |
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We list the most recognised awards for IC Markets below.
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ETFinance have won numerous industry awards over the years they have been operating as a financial broker. We show the most notable awards for ETFinance below.
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Find Out More |
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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 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 ETFinance are a good option.
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 strong set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own 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 ETFinance Commission And Fees
IC Markets and ETFinance are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you are spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or ETFinance charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and ETFinance are comparatively competitive. As a result, you're charged more for non-trading activities on your trading accounts, like withdrawal and deposits. 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 completely with your trading platform is a key element when comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you will 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 establishing this is by knowing how many clients 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?