IC Markets vs ForexTB, Who's The Best?
Read our In-Depth IC Markets vs ForexTB Review - Updated for 2023
This IC Markets vs ForexTB 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 ForexTB review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
ForexTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs ForexTB
Every online trading platform has some pros and cons, and no IC Markets and ForexTB review would be complete without having a balanced approach. Compare IC Markets and ForexTB 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 ForexTB. Who is better in 2023?
This IC Markets vs ForexTB comparison contains the most recent information so you can easily compare ForexTB against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll get proficient at all the concepts of broker as you keep trading. For starters, you have to choose the right agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and ForexTB are just two such trading platforms that will take you along with your investment to great heights. It's crucial to compare IC Markets vs ForexTB before you trust them with your cash.
Our IC Markets vs ForexTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and ForexTB side by side.
Our entire IC Markets vs ForexTB Review covers everything you will need to know about trading using either IC Markets or ForexTB. A good agent can multiply your first investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
IC Markets and ForexTB are both brokers which have found their way successfully to the broker world. In this review, we have attempted to collate some of the important aspects of both IC Markets and ForexTB. This review will help you to understand whether either ForexTB or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.
Benefits of IC Markets and ForexTB Compared
IC Markets has a minimum deposit of $200 while ForexTB has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and ForexTB 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 ForexTB has around 232 on their platform.
The more financial instruments you can trade on the IC Markets and ForexTB 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 ForexTB.
IC Markets and ForexTB Contact Details
Being able to contact your broker through many ways is vital. IC Markets and ForexTB have the following contact details and social medias that you can use.
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| Broker | IC Markets | ForexTB |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | ForexTB Twitter Account | |
| IC Markets Facebook Page | ForexTB Facebook Page | |
| IC Markets Instagram Account | ForexTB Instagram Account | |
| IC Markets LinkedIn Page | ForexTB LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | ForexTB YouTube Channel |
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ForexTB 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 ForexTB will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the 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 ForexTB - Awards
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| Broker | IC Markets | ForexTB |
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IC Markets have won numerous industry awards over the years they have been operating as an online broker. We list the most recognised awards for IC Markets here.
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At the time of writing this ForexTB review, and despite ForexTB’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs ForexTB - Frequently Asked Questions
IC Markets vs ForexTB - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
ForexTB was founded in 2015 and has its headquaters in Cyprus.
What is the minimum deposit for ForexTB or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for ForexTB is $250.
Depending on your current situation, 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 ForexTB are a good option.
IC Markets vs ForexTB - 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).
ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
Both IC Markets and ForexTB have a powerful collection of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs ForexTB Commission And Fees
IC Markets and ForexTB are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this does not 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 purpose.
The first kind of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're 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 dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or ForexTB charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees billed by IC Markets and ForexTB are relatively higher. As a result, you're billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This IC Markets vs ForexTB review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And ForexTB
What Languages Do IC Markets And ForexTB Support?
Being able to communicate completely with your online broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and ForexTB offer communication in.
How Many Clients Do IC Markets and ForexTB Have?
Both IC Markets and ForexTB are well established with their customer base. It is important to work with a broker you can trust 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 ForexTB are working with
What Payment Methods Do IC Markets and ForexTB Accept?
IC Markets and ForexTB 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 ForexTB
What Can You Trade With IC Markets and ForexTB?
IC Markets offers 232 trading instruments while ForexTB offers 100.
Below you will find a full breakdown of what both IC Markets and ForexTB offer.
Compare IC Markets To All Other Brokers
Compare ForexTB To All Other Brokers