IC Markets vs EagleFX, Who's The Best?
Read our In-Depth IC Markets vs EagleFX Review - 2023 Update
Our review comparing IC Markets and EagleFX has been updated for 2023 from industry experts boasting considerable expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs EagleFX does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
EagleFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs EagleFX
All trading platforms will have certain ups and downs, and any comprehensive analysis of IC Markets vs EagleFX would not be complete without adopting a balanced approach.
Assess EagleFX and IC Markets to understand how they compare against one another before you choose to open an account. A side-by-side comparison helps to put things into perspective so that you remain aware of what you should anticipate.
So you are looking for an online trading platform and are choosing between IC Markets or EagleFX. Which one is best in 2023?
Our IC Markets vs EagleFX comparison contains the most recent information so you can easily compare EagleFX against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of broker since you keep trading. For starters, you need to choose the right agent who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and EagleFX 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 EagleFX until you trust them with your money.
Our IC Markets vs EagleFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and EagleFX side by side.
Our full IC Markets vs EagleFX Review covers all you need to know about trading with either IC Markets or EagleFX. 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 contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and EagleFX are both brokers which have paved their way successfully to the broker world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and EagleFX. This review can allow you to know whether either EagleFX or IC Markets is a fantastic match for your investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Benefits of IC Markets and EagleFX Compared
IC Markets has a minimum deposit of $200 while EagleFX offers a $10 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and EagleFX 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 EagleFX allows you to trade around 232 on their platform.
The more financial instruments you can trade on the IC Markets and EagleFX trading 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 EagleFX.
IC Markets and EagleFX Contact Details
Being able to contact a broker easily is vital. IC Markets and EagleFX 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||8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica|
|IC Markets Twitter Account||EagleFX Twitter Account|
|IC Markets Facebook Page||EagleFX Facebook Page|
|IC Markets Instagram Account||EagleFX Instagram Account|
|IC Markets LinkedIn Page||EagleFX LinkedIn Page|
|YouTube||IC Markets YouTube Channel||EagleFX YouTube Channel|
|Find Out More||
EagleFX 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 EagleFX 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 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. 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 EagleFX - Awards
IC Markets have won numerous industry awards over the years they have been operating as an online trading platform. We show the most notable awards for IC Markets below.
EagleFX have won several industry awards over the years they have been running as an online broker. We list the most recognised awards for EagleFX here.
|Find Out More||
IC Markets vs EagleFX - Frequently Asked Questions
IC Markets vs EagleFX - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
EagleFX was founded in 2019 and has its headquaters in Dominica.
What is the minimum deposit for EagleFX or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for EagleFX is $10.
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 EagleFX are a good choice.
IC Markets vs EagleFX - 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).
EagleFX is regulated by Unregulated.
EagleFX is unregulated but IC Markets has a strong collection of rules for ensuring honest trading on its platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
Compare IC Markets vs EagleFX Commission And Fees
IC Markets and EagleFX are online brokerage 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 better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices 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 fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In these instances, you're paying a spread, funding rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IC Markets or EagleFX charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and EagleFX are relatively greater. As a result, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This IC Markets vs EagleFX review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And EagleFX
What Languages Do IC Markets And EagleFX Support?
Being able to chat completely with your trading platform is a key element when comparing trading platforms to find the best broker. 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 forex.
Below you can find all the languages that both IC Markets and EagleFX support.
How Many Clients Do IC Markets and EagleFX Have?
Both IC Markets and EagleFX are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and EagleFX are active on their platform
|Clients / Users||60,000+||5,000+|
|Find Out More||
What Payment Methods Do IC Markets and EagleFX Accept?
IC Markets and EagleFX 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 EagleFX
What Can You Trade With IC Markets and EagleFX?
IC Markets offers 232 trading instruments and EagleFX offers 100.
Below you will find a full breakdown of what both IC Markets and EagleFX offer.
IC Markets Review
IC Markets vs EagleFX:
Table Of Contents
- Compare IC Markets vs EagleFX
- Benefits of IC Markets and EagleFX Compared
- EagleFX and IC Markets Mobile App Comparison
- IC Markets vs EagleFX - Awards
- IC Markets vs EagleFX - Frequently Asked Questions
- What is the minimum deposit for EagleFX or IC Markets
- IC Markets vs EagleFX - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And EagleFX
- What Languages Do IC Markets And EagleFX Support?
- How Many Clients Do IC Markets and EagleFX Have?
- What Payment Methods Do IC Markets and EagleFX Accept?
- What Can You Trade With IC Markets and EagleFX?