IC Markets vs ForexVox, for 2023
Read our In-Depth IC Markets vs ForexVox Review - Updated for 2023
This IC Markets vs ForexVox 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 ForexVox review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
ForexVox Excluded Countries
United States of America,
Compare IC Markets vs ForexVox
Every online trading platform has a few ups and downs, and no IC Markets and ForexVox review would be complete without having a balanced approach. Compare IC Markets and ForexVox 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 ForexVox. Which one is best in 2023?
Our IC Markets vs ForexVox comparison contains the latest information so you can easily compare ForexVox against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and ForexVox are just two such companies which will take you and your investment into great heights. It's crucial to compare IC Markets vs ForexVox before you trust them with your cash.
Our IC Markets vs ForexVox comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and ForexVox side by side.
Our entire IC Markets vs ForexVox Review covers everything you will need to learn about trading using either IC Markets or ForexVox. A good agent can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and ForexVox are both brokers that have forged their way successfully to the brokerage world. Within this review, we've tried to collate a number of the important facets of both IC Markets and ForexVox. This review can help you to understand whether either ForexVox or IC Markets is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and ForexVox Compared
IC Markets has a minimum deposit of $200 while ForexVox has a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and ForexVox 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 ForexVox allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and ForexVox 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 ForexVox.
IC Markets and ForexVox Contact Details
Being able to contact a broker simply is vital. IC Markets and ForexVox have the following contact details and social medias that you can use.
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| Broker | IC Markets | ForexVox |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | support@forexvox.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | 51 Eastcheap, London, England, EC3M 1JP |
| IC Markets Twitter Account | ForexVox Twitter Account | |
| IC Markets Facebook Page | ForexVox Facebook Page | |
| IC Markets Instagram Account | ForexVox Instagram Account | |
| IC Markets LinkedIn Page | ForexVox LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | ForexVox YouTube Channel |
| Find Out More |
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ForexVox 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 ForexVox 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. 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 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 ForexVox - Awards
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| Broker | IC Markets | ForexVox |
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IC Markets have won numerous industry awards over the years they have been operating as an online broker. We show the most notable awards for IC Markets below.
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At the time of writing this ForexVox review, and despite ForexVox’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs ForexVox - Frequently Asked Questions
IC Markets vs ForexVox - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
ForexVox was founded in 2019 and has its headquaters in UK.
What is the minimum deposit for ForexVox or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for ForexVox is $0.
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 ForexVox are a good choice.
IC Markets vs ForexVox - 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).
ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028.
Both IC Markets and ForexVox have a strong set of rules for ensuring fair trading on their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, 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 ForexVox Commission And Fees
IC Markets and ForexVox are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. In other words, an online broker isn't necessarily influenced 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 various services to make money. There are mainly 3 types of penalties for this objective.
The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you're paying a spread, funding speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can 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 prices are those who are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake on your account. They are charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither IC Markets or ForexVox charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who often exchange, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and ForexVox are relatively lower. As a result, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This IC Markets vs ForexVox review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And ForexVox
What Languages Do IC Markets And ForexVox Support?
Being able to talk easily with your trading platform is a key way of comparing brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both IC Markets and ForexVox offer communication in.
How Many Clients Do IC Markets and ForexVox Have?
Both IC Markets and ForexVox 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 customers are using their services.
Below you will find details of how many clients IC Markets and ForexVox are working with
What Payment Methods Do IC Markets and ForexVox Accept?
IC Markets and ForexVox 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 ForexVox
What Can You Trade With IC Markets and ForexVox?
IC Markets offers 232 trading instruments and ForexVox offers 101.
Below you will find a full breakdown of what both IC Markets and ForexVox offer.
Compare IC Markets To All Other Brokers
Compare ForexVox To All Other Brokers