IC Markets vs Fortrade, Who's The Best?

Compare IC Markets vs Fortrade

Each trading platforms has certain advantages and disadvantages, so a complete analysis of IC Markets vs Fortrade should not be regarded as thorough without adopting a fair assessment.

Examine IC Markets and Fortrade to get a better understanding of how these platforms stack up against each before you choose to make an account. Performing a side-by-side comparison helps to put things in perspective in order that you're cognizant of what to expect.

So you are looking for an online trading platform and are choosing between IC Markets or Fortrade. Which one is best in 2023?

This IC Markets vs Fortrade comparison contains the most recent information so you can easily compare Fortrade against IC Markets.

If you're a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who'll be clear with you always.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Fortrade are just two such stages that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs Fortrade before you trust them with your cash.

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

Our entire IC Markets vs Fortrade Review covers all you need to know about trading with either IC Markets or Fortrade. 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 aligns with your investing goals.

There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and Fortrade are both brokers that have forged their way successfully to the brokerage world. In this review, we've tried to collate a number of the important facets of both IC Markets and Fortrade. This review will allow you to understand whether either Fortrade or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and charges for your advantage.

Benefits of IC Markets and Fortrade Compared

IC Markets has a minimum deposit of $200 while Fortrade offers a $1 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Fortrade 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 Fortrade has around 232 available.

The more financial instruments you can trade on the IC Markets and Fortrade 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 Fortrade.

IC Markets and Fortrade Contact Details

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

Fortrade 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 Fortrade 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

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 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 Fortrade - Awards

IC Markets vs Fortrade - Frequently Asked Questions

IC Markets vs Fortrade - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

Fortrade was founded in 1992 and has its head office in UK.

What is the minimum deposit for Fortrade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Fortrade is $1.

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 Fortrade are a good choice.

IC Markets vs Fortrade - 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).

Fortrade is regulated by Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20.

Both IC Markets and Fortrade have a powerful collection of rules for ensuring fair trading onto their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs Fortrade Commission And Fees

IC Markets and Fortrade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.

The first sort of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, financing speed, or even a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for more than a day.

Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.

In general, neither IC Markets or Fortrade charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.

However, non-trading fees charged by IC Markets and Fortrade are relatively greater. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.

This IC Markets vs Fortrade review for 2023 breaks down each of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Fortrade

What Languages Do IC Markets And Fortrade Support?

Being able to communicate completely with your trading platform is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading forex.

Here you will find the languages that both IC Markets and Fortrade support.

How Many Clients Do IC Markets and Fortrade Have?

Both IC Markets and Fortrade are well known and trusted. It is really important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.

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

What Payment Methods Do IC Markets and Fortrade Accept?

IC Markets and Fortrade 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 Fortrade

What Can You Trade With IC Markets and Fortrade?

IC Markets offers 232 trading instruments while Fortrade offers 100.

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