IC Markets vs FX Primus, Who's The Best?

Compare IC Markets vs FX Primus

All online trading platforms will have certain advantages and disadvantages, and a complete analysis of IC Markets vs FX Primus should not be complete without adopting a fair assessment.

Assess IC Markets and FX Primus to understand how they line up to each other prior to you choose to create an account. A comparative analysis can bring aspects into perspective to ensure that you're aware of what you should anticipate.

So you are looking for a broker and are choosing between IC Markets or FX Primus. Who should you choose?

This IC Markets vs FX Primus comparison contains the latest information so you can easily compare FX Primus against IC Markets.

If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll get adept at all of the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who'll be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and FX Primus are two such trading platforms which will take you and your investment into great heights. It is crucial to compare IC Markets vs FX Primus until you trust them with your money.

Our IC Markets vs FX Primus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FX Primus side by side.

Our entire IC Markets vs FX Primus Review covers all you will need to learn about trading with either IC Markets or FX Primus. A good agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing objectives.

There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.

IC Markets and FX Primus are both brokers which have forged their way successfully to the brokerage world. In this review, we've tried to collate some of the important facets of both IC Markets and FX Primus. This review can help you to know whether either FX Primus or IC Markets is a fantastic match for your own investments or not. We have tried to breakdown all of the qualities and fees for your convenience.

Benefits of IC Markets and FX Primus Compared

IC Markets offers a minimum deposit of $200 while FX Primus has a $100 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and FX Primus 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 whilst FX Primus allows you to trade around 232 on their platform.

The more instruments you can trade on the IC Markets and FX Primus 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 FX Primus.

IC Markets and FX Primus Contact Details

Being able to contact a broker easily is important. IC Markets and FX Primus have the following contact details and social medias that you can use.

FX Primus 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 FX Primus we'll check whether either of their mobile apps tick all the boxes.

Overall, we rate the user-friendliness of both apps as Better than the 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 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 FX Primus - Awards

IC Markets vs FX Primus - Frequently Asked Questions

IC Markets vs FX Primus - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

FX Primus was founded in 2009 and has its head office in Cyprus.

What is the minimum deposit for FX Primus or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for FX Primus is $100.

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 FX Primus are a good choice.

IC Markets vs FX Primus - 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).

FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).

Both IC Markets and FX Primus have a powerful set of rules for ensuring honest trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

As per their own privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs FX Primus Commission And Fees

IC Markets and FX Primus are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 types of fees for this purpose.

The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you're spending a spread, financing speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.

Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.

In general, neither IC Markets or FX Primus 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 amount. This is beneficial for people who often exchange, such as weekly or daily trading.

But, non-trading fees billed by IC Markets and FX Primus are relatively lower. As a result, you're billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of assets.

This IC Markets vs FX Primus review for 2023 breaks down every one of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And FX Primus

What Languages Do IC Markets And FX Primus Support?

Being able to communicate completely with your online broker is a key part of comparing trading platforms to find the best broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.

Below you will find the languages that both IC Markets and FX Primus offer communication in.

How Many Clients Do IC Markets and FX Primus Have?

Both IC Markets and FX Primus are well established with their client base. It is important to work with a broker that is professional 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 customers IC Markets and FX Primus are active on their platform

What Payment Methods Do IC Markets and FX Primus Accept?

IC Markets and FX Primus 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 FX Primus

What Can You Trade With IC Markets and FX Primus?

IC Markets offers 232 trading instruments while FX Primus offers 100.

Below you will find a full breakdown of what both IC Markets and FX Primus offer.