IC Markets vs Forex Financial Services, Updated for 2023
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IC Markets Rating
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Forex Financial Services Rating
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IC Markets vs Forex Financial Services Guide |
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Read our In-Depth IC Markets vs Forex Financial Services Review - 2023 Update
This IC Markets vs Forex Financial Services 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 Forex Financial Services 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 Financial Services Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Forex Financial Services
Every online trading platform has some ups and downs, and no IC Markets and Forex Financial Services review would be complete without showing both sides. Compare IC Markets and Forex Financial Services to understand how they line 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.
So you are looking for a reputable broker and are choosing between IC Markets or Forex Financial Services. Who should you choose?
This IC Markets vs Forex Financial Services comparison contains the most recent information so you can easily compare Forex Financial Services against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all the concepts of broker since you continue trading. For starters, you have to select the right broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Forex Financial Services are just two such platforms that will take you and your investment to great heights. It's important to compare IC Markets vs Forex Financial Services before you trust them with your money.
Our IC Markets vs Forex Financial Services comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Forex Financial Services side by side.
Our entire IC Markets vs Forex Financial Services Review covers everything you need to learn about trading using either IC Markets or Forex Financial Services. A good broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and Forex Financial Services are both brokers which have found their way successfully to the brokerage world. Within this review, we've tried to collate some of the important aspects of both IC Markets and Forex Financial Services. This review can allow you to know whether either Forex Financial Services or IC Markets is a fantastic fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of IC Markets and Forex Financial Services Compared
IC Markets has a minimum deposit of $200 while Forex Financial Services offers a $2500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Forex Financial Services 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 whilst Forex Financial Services has around 232 on their platform.
The more instruments you can trade on the IC Markets and Forex Financial Services 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 Forex Financial Services.
IC Markets and Forex Financial Services Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and Forex Financial Services have the following contact details and social medias that you can use.
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| Broker | IC Markets | Forex Financial Services |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Forex Financial Services Twitter Account | |
| IC Markets Facebook Page | Forex Financial Services Facebook Page | |
| IC Markets Instagram Account | Forex Financial Services Instagram Account | |
| IC Markets LinkedIn Page | Forex Financial Services LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Forex Financial Services YouTube Channel |
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Forex Financial Services 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 Financial Services will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than 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 Forex Financial Services - Awards
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| Broker | IC Markets | Forex Financial Services |
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IC Markets have won many industry awards over the time they have been operating as a financial broker. We show the most recognised awards for IC Markets here.
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At the time of writing this Forex Financial Services review, and despite Forex Financial Services’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Forex Financial Services - Frequently Asked Questions
IC Markets vs Forex Financial Services - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Forex Financial Services was founded in 2008 and has its headquaters in Australia.
What is the minimum deposit for Forex Financial Services or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Forex Financial Services is $2500.
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 Forex Financial Services are a good choice.
IC Markets vs Forex Financial Services - 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 Financial Services is regulated by Australian Securities and investment Commission (ASIC).
Both IC Markets and Forex Financial Services have a powerful collection of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Forex Financial Services Commission And Fees
IC Markets and Forex Financial Services are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to keep an eye 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 spending a spread, funding rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Forex Financial Services charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by IC Markets and Forex Financial Services are comparatively competitive. Consequently, you're billed more for non-trading actions in your trading account, like deposits and withdrawal. These aren't related to the purchase and sale of resources.
This IC Markets vs Forex Financial Services 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 Financial Services
What Languages Do IC Markets And Forex Financial Services Support?
Being able to talk easily with your trading broker is a key element when comparing online brokers to find your perfect broker. 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 will find the languages that both IC Markets and Forex Financial Services offer communication in.
How Many Clients Do IC Markets and Forex Financial Services Have?
Both IC Markets and Forex Financial Services are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers IC Markets and Forex Financial Services are active on their platform
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| Broker | IC Markets | Forex Financial Services |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Forex Financial Services Accept?
IC Markets and Forex Financial Services 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 Financial Services
What Can You Trade With IC Markets and Forex Financial Services?
IC Markets offers 232 trading instruments and Forex Financial Services offers 106.
Below you will find a full breakdown of what both IC Markets and Forex Financial Services offer.
Compare IC Markets To All Other Brokers
Compare Forex Financial Services To All Other Brokers