IC Markets vs ForexMart, 2023 Update
Read our In-Depth IC Markets vs ForexMart Review - for 2023
This IC Markets vs ForexMart 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 ForexMart review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
ForexMart Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs ForexMart
Every online trading platform has some pros and cons, and no IC Markets and ForexMart review would be complete without showing both sides. Compare IC Markets and ForexMart 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 broker and are choosing between IC Markets or ForexMart. Who is better in 2023?
Our IC Markets vs ForexMart comparison contains the most recent information so you can easily compare ForexMart against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will get adept at all the concepts of broker as you continue trading. For starters, you have to select the ideal agent who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and ForexMart are two such platforms that will take you along with your investment to great heights. It is crucial that you compare IC Markets vs ForexMart before you trust them with your cash.
Our IC Markets vs ForexMart comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and ForexMart side by side.
Our full IC Markets vs ForexMart Review covers everything you will need to know about trading using either IC Markets or ForexMart. A fantastic agent can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
IC Markets and ForexMart are both brokers that have found their way successfully to the broker world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and ForexMart. This review can allow you to understand whether either ForexMart or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Benefits of IC Markets and ForexMart Compared
IC Markets has a minimum deposit of $200 while ForexMart has a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and ForexMart 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 ForexMart allows you to trade around 232 available.
The more instruments you can trade on the IC Markets and ForexMart 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 ForexMart.
IC Markets and ForexMart Contact Details
Being able to contact your broker simply is vital. IC Markets and ForexMart have the following contact details and social medias that you can use.
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| Broker | IC Markets | ForexMart |
| Telephone Number | +248 467 19 76 | + 44 203 097 6697 |
| support@icmarkets.com | support@forexmart.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | ForexMart Twitter Account | |
| IC Markets Facebook Page | ForexMart Facebook Page | |
| IC Markets Instagram Account | ForexMart Instagram Account | |
| IC Markets LinkedIn Page | ForexMart LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | ForexMart YouTube Channel |
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ForexMart 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.
This part of comparing IC Markets and ForexMart will examine whether their mobile app meets all our requirements.
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
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 ForexMart - Awards
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| Broker | IC Markets | ForexMart |
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IC Markets have won several industry awards over the years they have been running as an online broker. We show the most notable awards for IC Markets here.
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ForexMart have won several industry awards over the time they have been running as an online trading platform. We detail the most recognised awards for ForexMart below.
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IC Markets vs ForexMart - Frequently Asked Questions
IC Markets vs ForexMart - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
ForexMart was founded in 2015 and has its headquaters in Cyprus.
What is the minimum deposit for ForexMart or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for ForexMart 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 ForexMart are a good option.
IC Markets vs ForexMart - 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).
ForexMart is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and ForexMart have a strong set of rules for ensuring honest trading onto their own platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs ForexMart Commission And Fees
IC Markets and ForexMart are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of penalties for this objective.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such cases, you are spending a spread, funding speed, or even a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither IC Markets or ForexMart charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and ForexMart are relatively competitive. As a result, you're charged more for non-trading actions in your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This IC Markets vs ForexMart review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And ForexMart
What Languages Do IC Markets And ForexMart Support?
Being able to chat completely with your trading broker is a key part of comparing brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both IC Markets and ForexMart offer communication in.
How Many Clients Do IC Markets and ForexMart Have?
Both IC Markets and ForexMart are well known and trusted. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IC Markets and ForexMart are active on their platform
What Payment Methods Do IC Markets and ForexMart Accept?
IC Markets and ForexMart 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 ForexMart
What Can You Trade With IC Markets and ForexMart?
IC Markets offers 232 trading instruments and ForexMart offers 111.
Below you will find a full breakdown of what both IC Markets and ForexMart offer.
Compare IC Markets To All Other Brokers
Compare ForexMart To All Other Brokers