IC Markets vs Forex Club, 2022 Update
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IC Markets Rating: 8.34 / 10 |
Forex Club Rating: 6.11 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Forex Club Guide |
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Read our In-Depth IC Markets vs Forex Club Review - 2022 Update
This IC Markets vs Forex Club review has been updated for 2022 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 Forex Club review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Forex Club Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between IC Markets or Forex Club. Who should you choose?
Our IC Markets vs Forex Club review contains the latest information so you can easily compare Forex Club 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 knowledge. You'll acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and Forex Club are just two such stages which will take you along with your investment to great heights. It is crucial to compare IC Markets vs Forex Club before you trust them with your money.
Our IC Markets vs Forex Club comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Forex Club side by side.
Our entire IC Markets vs Forex Club Review covers all you need to know about trading using either IC Markets or Forex Club. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Forex Club are both brokers which have found their way successfully into the brokerage world. In this review, we have tried to collate a number of the important facets of both IC Markets and Forex Club. This review can help you to know whether either Forex Club or IC Markets is a good fit for your investments or not. We have tried to breakdown all the qualities and fees for your advantage.
Compare IC Markets vs Forex Club
Every online trading platform will have some pros and cons, and no IC Markets and Forex Club review would be complete without showing both sides. Compare IC Markets and Forex Club to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and Forex Club Compared
IC Markets offers a minimum deposit of $200 while Forex Club offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Forex Club 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 Forex Club has around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and Forex Club 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Forex Club.
IC Markets and Forex Club Contact Details
Being able to contact an online trading platform easily is important. IC Markets and Forex Club have the following contact details and social medias that you can use.
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| Broker | IC Markets | Forex Club |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Forex Club Twitter Account | |
| IC Markets Facebook Page | Forex Club Facebook Page | |
| IC Markets Instagram Account | Forex Club Instagram Account | |
| IC Markets LinkedIn Page | Forex Club LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Forex Club YouTube Channel |
| Find Out More |
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Forex Club 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 Forex Club will examine whether their mobile app meets all our requirements.
Overall, we rate 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
Although most brokers do OK in this area, there are some bad apples out there. 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 Forex Club - Awards
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| Broker | IC Markets | Forex Club |
| Awards |
IC Markets have won several industry awards over the time they have been operating as an online broker. We list the most notable awards for IC Markets here.
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At the time of writing this Forex Club review, and despite Forex Club’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
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IC Markets vs Forex Club - Frequently Asked Questions
IC Markets vs Forex Club - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Forex Club was founded in 2008 and has its head office in Russia.
What is the minimum deposit for Forex Club or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Forex Club 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 Forex Club are a good choice.
IC Markets vs Forex Club - 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).
Forex Club is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and Forex Club have a strong set of rules for ensuring honest trading on their own platforms. For information encryption functions, they provide 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. Including credit history and other financial details.
Compare IC Markets vs Forex Club Commission And Fees
IC Markets and Forex Club are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an online broker isn't necessarily influenced by the number of customers they have.
But 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 mainly 3 types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In these instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the prices differ 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 price. Financing or overnight prices are those who are billed when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither IC Markets or Forex Club charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and Forex Club are comparatively lower. As a result, you are billed more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of resources.
This IC Markets vs Forex Club review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Forex Club
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| Broker | IC Markets | Forex Club |
| Minimum Deposit | $200 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And Forex Club Support?
Being able to talk completely with your trading broker is a key part of comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you can find all the languages that both IC Markets and Forex Club support.
How Many Clients Do IC Markets and Forex Club Have?
Both IC Markets and Forex Club are well known and trusted. It is really important to work with a broker you can trust and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and Forex Club are active on their platform
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| Broker | IC Markets | Forex Club |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do IC Markets and Forex Club Accept?
IC Markets and Forex Club 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 Forex Club
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| Broker | IC Markets | Forex Club |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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What Can You Trade With IC Markets and Forex Club?
IC Markets offers 232 trading instruments while Forex Club offers 103.
Below you will find a full breakdown of what both IC Markets and Forex Club offer.
Compare IC Markets To All Other Brokers
Compare Forex Club To All Other Brokers
