IC Markets vs Ellevest, Updated for 2024
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Ellevest Guide
Read our In-Depth IC Markets vs Ellevest Review - for 2024
Our IC Markets vs Ellevest review has been updated for 2024 by industry experts boasting considerable expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Ellevest does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Ellevest Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Ellevest
All online trading platforms feature a few advantages and disadvantages, so any comprehensive review of IC Markets and Ellevest should not be regarded as thorough without having an objective perspective.
Assess IC Markets and Ellevest to understand just how these platforms compare to one another prior to you decide to create an account. Conducting a comprehensive comparison can place factors in perspective to ensure that you're cognizant of the expectations.
So you are looking for a broker and are choosing between IC Markets or Ellevest. Which one is best in 2024?
This IC Markets vs Ellevest comparison contains the most recent information so you can easily compare Ellevest against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Ellevest are just two such companies that will take you along with your investment to great heights. It's crucial that you compare IC Markets vs Ellevest until you trust them with your money.
Our IC Markets vs Ellevest comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Ellevest side by side.
Our full IC Markets vs Ellevest Review covers all you will need to learn about trading using either IC Markets or Ellevest. 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 investment objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your broker before you choose them. It's a common misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and Ellevest are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate some of the important facets of both IC Markets and Ellevest. This review can help you to understand whether either Ellevest or IC Markets is a good fit for your investments or not. We've attempted to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Ellevest Compared
IC Markets offers a minimum deposit of $200 while Ellevest has a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Ellevest 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 Ellevest has around 232 on their platform.
The more instruments you can trade on the IC Markets and Ellevest 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Ellevest.
IC Markets and Ellevest Contact Details
Being able to contact a broker through many ways is important. IC Markets and Ellevest have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|Ellevest Twitter Account
|IC Markets Facebook Page
|Ellevest Facebook Page
|IC Markets Instagram Account
|Ellevest Instagram Account
|IC Markets LinkedIn Page
|Ellevest LinkedIn Page
|IC Markets YouTube Channel
|Ellevest YouTube Channel
|Find Out More
Ellevest 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 Ellevest 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.
Although most brokers do OK in this area, there are some bad apples out there. 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 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 Ellevest - Awards
IC Markets have won several industry awards over the years they have been operating as a financial broker. We list the most notable awards for IC Markets below.
|At the time of writing this Ellevest review, and despite Ellevest’s impressive offering, the company has surprisingly not garnered any awards to date.
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IC Markets vs Ellevest - Frequently Asked Questions
IC Markets vs Ellevest - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Ellevest was founded in 2008 and has its headquaters in USA.
What is the minimum deposit for Ellevest or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Ellevest is $1.
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 Ellevest are a good choice.
IC Markets vs Ellevest - 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).
Ellevest is regulated by Unregulated.
Ellevest is unregulated but IC Markets has a powerful set of rules for ensuring honest trading on its platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).
In accordance with their own privacy regulation, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Ellevest Commission And Fees
IC Markets and Ellevest are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the number of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three types of fees for this objective.
The first sort of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such instances, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or Ellevest charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by IC Markets and Ellevest are comparatively higher. Consequently, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This IC Markets vs Ellevest review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Ellevest
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What Languages Do IC Markets And Ellevest Support?
Being able to chat easily with your online broker is a key way of comparing trading platforms 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 factor to success when trading forex.
Here you can find the languages that both IC Markets and Ellevest offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and Ellevest Have?
Both IC Markets and Ellevest are well established with their client base. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers IC Markets and Ellevest have
|Clients / Users
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What Payment Methods Do IC Markets and Ellevest Accept?
IC Markets and Ellevest 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 Ellevest
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What Can You Trade With IC Markets and Ellevest?
IC Markets offers 232 trading instruments while Ellevest offers 275.
Below you will find a full breakdown of what both IC Markets and Ellevest offer.
IC Markets Review
IC Markets vs Ellevest:
Table Of Contents
- Compare IC Markets vs Ellevest
- Benefits of IC Markets and Ellevest Compared
- Ellevest and IC Markets Mobile App Comparison
- IC Markets vs Ellevest - Awards
- IC Markets vs Ellevest - Frequently Asked Questions
- What is the minimum deposit for Ellevest or IC Markets
- IC Markets vs Ellevest - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Ellevest
- What Languages Do IC Markets And Ellevest Support?
- How Many Clients Do IC Markets and Ellevest Have?
- What Payment Methods Do IC Markets and Ellevest Accept?
- What Can You Trade With IC Markets and Ellevest?