IC Markets vs Forex EE, Who's Better?

Compare IC Markets vs Forex EE

Each trading platforms feature some pros and cons, and a complete review of IC Markets and Forex EE cannnot be complete without embracing an objective perspective.

Examine IC Markets and Forex EE in order to understand how they line up with each before you create an account. Performing a comparative analysis will put things in perspective in order that you remain informed about what to expect.

So you are looking for a professional broker and are choosing between IC Markets or Forex EE. Who is better in 2023?

Our IC Markets vs Forex EE comparison contains the latest information so you can easily compare Forex EE against IC Markets.

If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all of the concepts of broker since you keep trading. For starters, you need to select the right broker who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Forex EE are just two such trading platforms that will take you and your investment into great heights. It's important to compare IC Markets vs Forex EE before you trust them with your cash.

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

Our entire IC Markets vs Forex EE Review covers everything you need to know about trading with either IC Markets or Forex EE. A fantastic agent can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing objectives.

There's absolutely no sure-fire way to ensure profits; thus, you must carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and Forex EE are both brokers that have forged their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and Forex EE. This review will allow you to understand whether either Forex EE 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 Forex EE Compared

IC Markets has a minimum deposit of $200 while Forex EE offers a $100 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Forex EE 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 Forex EE allows you to trade around 232 available.

The more instruments you can trade on the IC Markets and Forex EE 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Forex EE.

IC Markets and Forex EE Contact Details

Being able to contact your broker through many ways is a sign of a professional broker. IC Markets and Forex EE have the following contact details and social medias that you can use.

Forex EE 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 EE 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 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. 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 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 Forex EE - Awards

IC Markets vs Forex EE - Frequently Asked Questions

IC Markets vs Forex EE - Headquarters And Year Of Founding

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

Forex EE was founded in 2008 and has its headquaters in Grenadines.

What is the minimum deposit for Forex EE or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Forex EE is $100.

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 Forex EE are a good option.

IC Markets vs Forex EE - 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 EE is regulated by Ministry of Economic Affairs in Estonia.

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

As per their individual privacy policies, 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 EE Commission And Fees

IC Markets and Forex EE are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of clients they have.

However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.

The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you're paying a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people that are billed when you hold a leveraged position for more than daily.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or Forex EE charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who regularly trade, for example weekly or daily trading.

However, non-trading fees billed by IC Markets and Forex EE are relatively lower. As a result, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of assets.

This IC Markets vs Forex EE review for 2023 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Forex EE

What Languages Do IC Markets And Forex EE Support?

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

Below you can find all the languages that both IC Markets and Forex EE offer communication in.

How Many Clients Do IC Markets and Forex EE Have?

Both IC Markets and Forex EE are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many clients IC Markets and Forex EE are working with

What Payment Methods Do IC Markets and Forex EE Accept?

IC Markets and Forex EE 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 EE

What Can You Trade With IC Markets and Forex EE?

IC Markets offers 232 trading instruments and Forex EE offers 104.

Below you will find a full breakdown of what both IC Markets and Forex EE offer.