IC Markets vs FXCM, Who's Better?
IC Markets Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs FXCM Guide
Read our In-Depth IC Markets vs FXCM Review - Updated for 2024
This IC Markets vs FXCM review has been revised for 2024 from seasoned professionals with extensive expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs FXCM 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
Each online trading platforms will have a few pros and cons, and a complete analysis of IC Markets vs FXCM should not be regarded as thorough without having an objective perspective.
Compare IC Markets and FXCM to get a better understanding of just how they compare against each before you decide to make an account. A comparative analysis can place factors in perspective to ensure that you're aware of the expectations.
So you are looking for a broker and are choosing between IC Markets or FXCM. Who should you choose?
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 world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and FXCM are two such stages that will take you along with your investment into great heights. It's important to 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 everything you need to know about trading with either IC Markets or FXCM. A good broker can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully assess your broker before you choose them. It's a frequent misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
IC Markets and FXCM are both brokers that have paved their way successfully to the brokerage world. In this review, we have tried to collate some of the important facets of both IC Markets and FXCM. This review will help you to understand whether either FXCM or IC Markets is a good match for your investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and FXCM Compared
IC Markets has a minimum deposit of $200 while FXCM has 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 has around 232 financial instruments while FXCM allows you to trade around 232 financial instruments available.
The more financial 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 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 an online trading platform simply is vital. IC Markets and FXCM 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
|FXCM Twitter Account
|IC Markets Facebook Page
|FXCM Facebook Page
|IC Markets Instagram Account
|FXCM Instagram Account
|IC Markets LinkedIn Page
|FXCM LinkedIn Page
|IC Markets YouTube Channel
|FXCM YouTube Channel
|Find Out More
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 important that any trading app has user friendly capabilities especially with the
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 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
IC Markets have won numerous industry awards over the time they have been operating as an online trading platform. We show the most notable awards for IC Markets below.
|At the time of writing this FXCM review, and despite FXCM’s impressive offering, the company has surprisingly not garnered any awards to date.
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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 headquaters in Australia.
FXCM was founded in 1999 and has its headquaters 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 set of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is never to 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 cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such cases, you're spending a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither IC Markets or FXCM charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and FXCM are relatively lower. As a result, you are billed more for non-trading actions in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.
This IC Markets vs FXCM review for 2024 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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What Languages Do IC Markets And FXCM Support?
Being able to communicate easily with your trading broker is a key part of comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and FXCM support.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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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 an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and FXCM are active on their platform
|Clients / Users
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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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What Can You Trade With IC Markets and FXCM?
IC Markets offers 232 trading instruments while FXCM offers 100.
Below you will find a full breakdown of what both IC Markets and FXCM offer.
IC Markets Review
IC Markets vs FXCM:
Table Of Contents
- Compare IC Markets vs FXCM
- Benefits of IC Markets and FXCM Compared
- FXCM and IC Markets Mobile App Comparison
- IC Markets vs FXCM - Awards
- IC Markets vs FXCM - Frequently Asked Questions
- What is the minimum deposit for FXCM or IC Markets
- IC Markets vs FXCM - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And FXCM
- What Languages Do IC Markets And FXCM Support?
- How Many Clients Do IC Markets and FXCM Have?
- What Payment Methods Do IC Markets and FXCM Accept?
- What Can You Trade With IC Markets and FXCM?