IC Markets vs FXNet, for 2023
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IC Markets Rating
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FXNet Rating
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IC Markets vs FXNet Guide |
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Read our In-Depth IC Markets vs FXNet Review - for 2023
This IC Markets vs FXNet 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 FXNet review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FXNet Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs FXNet
Every online trading system has some pros and cons, and no IC Markets and FXNet review would be complete without showing both sides. Compare IC Markets and FXNet 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.
So you are looking for a reputable broker and are choosing between IC Markets or FXNet. Which one is best in 2023?
This IC Markets vs FXNet comparison contains the most recent information so you can easily compare FXNet against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire adept at all of the concepts of broker since you keep trading. For starters, you have to choose the right broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and FXNet are two such platforms that will take you along with your investment into great heights. It is important that you compare IC Markets vs FXNet until you trust them with your money.
Our IC Markets vs FXNet comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FXNet side by side.
Our entire IC Markets vs FXNet Review covers all you will need to know about trading with either IC Markets or FXNet. A good agent can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you choose them. It is a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and FXNet are both brokers that have forged their way successfully to the broker world. Within this review, we have tried to collate a number of the important facets of both IC Markets and FXNet. This review can allow you to understand whether either FXNet or IC Markets is a fantastic fit for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Benefits of IC Markets and FXNet Compared
IC Markets offers a minimum deposit of $200 while FXNet offers a $50 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FXNet 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 FXNet has around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and FXNet 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 FXNet.
IC Markets and FXNet Contact Details
Being able to contact your broker easily is important. IC Markets and FXNet have the following contact details and social medias that you can use.
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| Broker | IC Markets | FXNet |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | FXNet Twitter Account | |
| IC Markets Facebook Page | FXNet Facebook Page | |
| IC Markets Instagram Account | FXNet Instagram Account | |
| IC Markets LinkedIn Page | FXNet LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | FXNet YouTube Channel |
| Find Out More |
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FXNet 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 FXNet will examine whether their mobile app meets all our requirements.
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
Search Functions
While most brokers are good at this, there are some poor ones. 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 FXNet - Awards
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| Broker | IC Markets | FXNet |
| Awards |
IC Markets have won a lot of industry awards over the years they have been running as a financial broker. We show the most recognised awards for IC Markets here.
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At the time of writing this FXNet review, and despite FXNet’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs FXNet - Frequently Asked Questions
IC Markets vs FXNet - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
FXNet was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for FXNet or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FXNet is $50.
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 FXNet are a good option.
IC Markets vs FXNet - 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).
FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and FXNet have a powerful set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs FXNet Commission And Fees
IC Markets and FXNet are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an online broker is not necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such instances, you are paying a spread, funding speed, or a commission. The sorts of trading fees and the rates differ 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 those that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for long periods, or withdrawals.
In general, neither IC Markets or FXNet 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 smaller sum. This is beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and FXNet are relatively higher. As a result, you are charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not about the sale and purchase of resources.
This IC Markets vs FXNet review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And FXNet
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| Broker | IC Markets | FXNet |
| Minimum Deposit | $200 | $50 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
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What Languages Do IC Markets And FXNet Support?
Being able to talk completely with your trading platform is a key way of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both IC Markets and FXNet support.
How Many Clients Do IC Markets and FXNet Have?
Both IC Markets and FXNet are well established with their customer base. It is really important to work with an online broker that is professional 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 customers IC Markets and FXNet are working with
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| Broker | IC Markets | FXNet |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and FXNet Accept?
IC Markets and FXNet 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 FXNet
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| Broker | IC Markets | FXNet |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
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What Can You Trade With IC Markets and FXNet?
IC Markets offers 232 trading instruments while FXNet offers 100.
Below you will find a full breakdown of what both IC Markets and FXNet offer.
Compare IC Markets To All Other Brokers
Compare FXNet To All Other Brokers