IC Markets vs FXCM, Who's Better?
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IC Markets Rating
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FXCM Rating
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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 2023
This IC Markets vs FXCM 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 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.
Compare IC Markets vs FXCM
Every online trading platform 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 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 an online trading platform and are choosing between IC Markets or FXCM. Which one is best in 2023?
This IC Markets vs FXCM comparison contains the most recent information so you can easily compare FXCM against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you continue trading. For starters, you have to select the ideal broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and FXCM are two such stages that will take you and your investment into great heights. It's important that you compare IC Markets vs FXCM before you trust them with your cash.
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 will need to learn about trading with either IC Markets or FXCM. A good agent can multiply your initial investments and provide you positive profits. If you want to make profits, you should 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 agent before you select them. It's a frequent misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and FXCM are both brokers which have forged their way successfully to the broker world. Within this review, we've attempted to collate some of the important facets of both IC Markets and FXCM. This review can help you to understand whether either FXCM or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all the qualities and fees for your convenience.
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 while FXCM has 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 should never 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 a broker easily 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
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 FXCM 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.
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 years they have been operating as an online trading platform. 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 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 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 set of rules for ensuring honest trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs FXCM Commission And Fees
IC Markets and FXCM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of customers they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of penalties for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are paying a spread, financing speed, or even a commission. The sorts 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 refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or FXCM charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and FXCM are relatively lower. As a result, you're charged more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of resources.
This IC Markets vs FXCM review for 2023 breaks down each of the relevant non-trading charges 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 chat easily with your online broker is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure 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 established with their customer base. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
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+ |
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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 and 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