IC Markets vs EagleFX, Updated for 2024

Compare IC Markets vs EagleFX

Each trading platforms has some ups and downs, so any comprehensive review of IC Markets and EagleFX would not be complete without embracing an objective perspective.

Compare IC Markets and EagleFX to understand the way they line up against one another prior to you decide to open an account. Performing a side-by-side comparison will put things into perspective in order that you're aware of what to expect.

So you are looking for a broker and are choosing between IC Markets or EagleFX. Who should you choose?

This IC Markets vs EagleFX comparison contains the most recent information so you can easily compare EagleFX against IC Markets.

If you're a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll get proficient at all the concepts of broker as you continue trading. For starters, you need to choose the right broker who will be transparent with you always.

Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and EagleFX are two such companies that will take you and your investment into great heights. It's important to 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 entire IC Markets vs EagleFX Review covers all you need to know about trading using either IC Markets or EagleFX. A good agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.

There is no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents will be 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 that have found their way successfully to the brokerage world. In this review, we've tried to collate a number of the vital facets of both IC Markets and EagleFX. This review will allow you to understand whether either EagleFX or IC Markets is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and fees for your convenience.

Benefits of IC Markets and EagleFX Compared

IC Markets offers a minimum deposit of $200 while EagleFX has 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 whilst EagleFX has around 232 financial instruments 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 an online trading platform easily is important. IC Markets and EagleFX have the following contact details and social medias that you can use.

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 both apps as better than 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 EagleFX - Awards

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 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 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 powerful collection of rules for ensuring fair trading on its individual platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).

In accordance with their own privacy regulation, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.

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 bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount of clients they have.

But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of fees for this objective.

The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you are paying a spread, financing speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions could 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 people that are charged when you maintain a leveraged position for more than a day.

Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.

In general, neither IC Markets or EagleFX charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often exchange, for example weekly or daily trading.

But, non-trading fees charged by IC Markets and EagleFX are relatively lower. As a result, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of assets.

This IC Markets vs EagleFX review for 2024 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 online platform is a key way of comparing online brokers to find the best broker. 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.

Below you will 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 really important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.

Below you will find details of how many clients IC Markets and EagleFX have

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.