IC Markets vs FXCM, Who's The Best?
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IC Markets Rating: 8.34 / 10 |
FXCM Rating: 6.18 / 10 |
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Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs FXCM Guide |
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Read our In-Depth IC Markets vs FXCM Review - Updated for 2022
This IC Markets vs FXCM review has been updated for 2022 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 FXCM review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FXCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between IC Markets or FXCM. Who should you choose?
This IC Markets vs FXCM review contains the latest information so you can easily compare FXCM against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You'll acquire adept at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and FXCM are just two such trading platforms that will take you and your investment into great heights. It is crucial that you compare IC Markets vs FXCM before you trust them with your money.
Our IC Markets vs FXCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FXCM side by side.
Our entire IC Markets vs FXCM Review covers all you need to learn about trading with either IC Markets or FXCM. A good broker can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
IC Markets and FXCM are both brokers that have found their way successfully into the broker world. In this review, we've attempted to collate some of the vital facets of both IC Markets and FXCM. This review will allow you to understand whether either FXCM or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Compare IC Markets vs FXCM
Every online trading system has some pros and cons, and no IC Markets and FXCM review would be complete without showing both sides. Compare IC Markets and FXCM to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and FXCM Compared
IC Markets offers a minimum deposit of $200 while FXCM offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FXCM 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 whilst FXCM allows you to trade around 232 financial instruments available.
The more instruments you can trade on the IC Markets and FXCM 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 FXCM.
IC Markets and FXCM Contact Details
Being able to contact an online trading platform through many ways is vital. IC Markets and FXCM have the following contact details and social medias that you can use.
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| Broker | IC Markets | FXCM |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | FXCM Twitter Account | |
| IC Markets Facebook Page | FXCM Facebook Page | |
| IC Markets Instagram Account | FXCM Instagram Account | |
| IC Markets LinkedIn Page | FXCM LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | FXCM YouTube Channel |
| Find Out More |
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FXCM 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.
In this part of our comparison of IC Markets and FXCM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 FXCM - Awards
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| Broker | IC Markets | FXCM |
| Awards |
IC Markets have won several industry awards over the time they have been running as an online broker. We show the most recognised awards for IC Markets below.
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At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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IC Markets vs FXCM - Frequently Asked Questions
IC Markets vs FXCM - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
FXCM was founded in 1999 and has its head office in United States.
What is the minimum deposit for FXCM or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FXCM is $1.
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 FXCM are a good option.
IC Markets vs FXCM - 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).
FXCM is regulated by Financial Conduct Authority (FCA).
Both IC Markets and FXCM have a strong collection of rules for ensuring honest trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs FXCM Commission And Fees
IC Markets and FXCM are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced 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 make money. There are primarily 3 types of fees for this purpose.
The first sort of fees to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, financing rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or FXCM charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees charged by IC Markets and FXCM are relatively lower. Consequently, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This IC Markets vs FXCM review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And FXCM
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| Broker | IC Markets | FXCM |
| Minimum Deposit | $200 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And FXCM Support?
Being able to talk completely with your online platform is a key part of comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you will find all the languages that both IC Markets and FXCM support.
How Many Clients Do IC Markets and FXCM Have?
Both IC Markets and FXCM are well known and trusted. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users IC Markets and FXCM have
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| Broker | IC Markets | FXCM |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do IC Markets and FXCM Accept?
IC Markets and FXCM 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 FXCM
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| Broker | IC Markets | FXCM |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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What Can You Trade With IC Markets and FXCM?
IC Markets offers 232 trading instruments whilst FXCM offers 100.
Below you will find a full breakdown of what both IC Markets and FXCM offer.
Compare IC Markets To All Other Brokers
Compare FXCM To All Other Brokers
