IC Markets vs Eightcap, Who's The Best?
Read our In-Depth IC Markets vs Eightcap Review - 2023 Update
This IC Markets vs Eightcap review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs Eightcap review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Eightcap Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Eightcap
Every online trading system will have some ups and downs, and no IC Markets and Eightcap review would be complete without showing both sides. Compare IC Markets and Eightcap to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or Eightcap. Who should you choose?
Our IC Markets vs Eightcap comparison contains the most recent information so you can easily compare Eightcap against IC Markets.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept at all of the concepts of brokerage since you continue trading. For starters, you have to select the right broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Eightcap are just two such trading platforms which will take you and your investment to great heights. It is crucial that you compare IC Markets vs Eightcap until you trust them with your money.
Our IC Markets vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Eightcap side by side.
Our full IC Markets vs Eightcap Review covers everything you need to learn about trading using either IC Markets or Eightcap. A good agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Eightcap are both brokers that have forged their way successfully into the broker world. Within this review, we have tried to collate some of the important aspects of both IC Markets and Eightcap. This review will help you to understand whether either Eightcap or IC Markets is a good match for your own investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of IC Markets and Eightcap Compared
IC Markets offers a minimum deposit of $200 while Eightcap offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Eightcap 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 Eightcap has around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and Eightcap 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Eightcap.
IC Markets and Eightcap Contact Details
Being able to contact a broker easily is a sign of a professional broker. IC Markets and Eightcap have the following contact details and social medias that you can use.
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| Broker | IC Markets | Eightcap |
| Telephone Number | +248 467 19 76 | +61 3 8373 4800 |
| support@icmarkets.com | customerservice@eightcap.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU |
| IC Markets Twitter Account | Eightcap Twitter Account | |
| IC Markets Facebook Page | Eightcap Facebook Page | |
| IC Markets Instagram Account | Eightcap Instagram Account | |
| IC Markets LinkedIn Page | Eightcap LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Eightcap YouTube Channel |
| Find Out More |
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Eightcap 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 Eightcap 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 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 Eightcap - Awards
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| Broker | IC Markets | Eightcap |
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IC Markets have won several industry awards over the time they have been operating as an online trading platform. We show the most notable awards for IC Markets below.
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Eightcap have won several industry awards over the time they have been running as an online broker. We list the most recognised awards for Eightcap below.
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IC Markets vs Eightcap - Frequently Asked Questions
IC Markets vs Eightcap - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Eightcap was founded in 2009 and has its head office in Australia.
What is the minimum deposit for Eightcap or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Eightcap is $100.
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 Eightcap are a good option.
IC Markets vs Eightcap - 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).
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both IC Markets and Eightcap have a powerful collection of rules for ensuring honest trading on their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Eightcap Commission And Fees
IC Markets and Eightcap are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you are paying 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 quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people that are charged when you maintain a leveraged position for longer than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Eightcap charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and Eightcap are comparatively lower. As a result, you're charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This IC Markets vs Eightcap review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Eightcap
What Languages Do IC Markets And Eightcap Support?
Being able to communicate easily 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 understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find the languages that both IC Markets and Eightcap offer communication in.
How Many Clients Do IC Markets and Eightcap Have?
Both IC Markets and Eightcap are well known and trusted. It is really important to work with an online broker you can trust 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 users IC Markets and Eightcap are active on their platform
What Payment Methods Do IC Markets and Eightcap Accept?
IC Markets and Eightcap 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 Eightcap
What Can You Trade With IC Markets and Eightcap?
IC Markets offers 232 trading instruments and Eightcap offers 100.
Below you will find a full breakdown of what both IC Markets and Eightcap offer.
Compare IC Markets To All Other Brokers
Compare Eightcap To All Other Brokers