IC Markets vs Fortrade, for 2024
Read our In-Depth IC Markets vs Fortrade Review - Updated for 2024
This comprehensive analysis of IC Markets and Fortrade has been revised to reflect any changes for 2024 from industry experts with extensive expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Fortrade does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Fortrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Fortrade
All platforms for online trading has a few ups and downs, so a complete review of IC Markets and Fortrade would not be complete without embracing an objective perspective.
Assess Fortrade and IC Markets to get a better understanding of just how they line up against each other before you make an account. Performing a comprehensive comparison helps to place factors into perspective so that you are cognizant of the expectations.
So you are looking for a broker and are choosing between IC Markets or Fortrade. Which one is best in 2024?
Our IC Markets vs Fortrade comparison contains the latest information so you can easily compare Fortrade against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all of the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Fortrade are just two such platforms that will take you along with your investment to great heights. It's crucial to 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 full IC Markets vs Fortrade Review covers all you will need to learn about trading with either IC Markets or Fortrade. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Fortrade are both brokers which have forged their way successfully into the brokerage world. In this review, we have attempted to collate some of the important aspects of both IC Markets and Fortrade. This review will help you to know whether either Fortrade or IC Markets is a fantastic fit for your investments or not. We have tried 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 has 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 whilst Fortrade allows you to trade around 232 financial instruments on their platform.
The more 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 seriously do not 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 a broker simply is important. IC Markets and Fortrade have the following contact details and social medias that you can use.
|+248 467 19 76
|+44 203 966 4506
|Level 4, 50 Carrington Street, Sydney NSW 2000
|Michelin House, 81 Fulham Road, London. SW3 6RD
|IC Markets Twitter Account
|Fortrade Twitter Account
|IC Markets Facebook Page
|Fortrade Facebook Page
|IC Markets Instagram Account
|Fortrade Instagram Account
|IC Markets LinkedIn Page
|Fortrade LinkedIn Page
|IC Markets YouTube Channel
|Fortrade YouTube Channel
|Find Out More
Fortrade 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.
In this part of our comparison of IC Markets and Fortrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 Fortrade - Awards
IC Markets have won several industry awards over the years they have been operating as an online trading platform. We detail the most recognised awards for IC Markets here.
|At the time of writing this Fortrade review, and despite Fortrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
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 headquaters 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 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 Fortrade are a good option.
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 strong set of rules for ensuring fair trading onto their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own 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 Fortrade Commission And Fees
IC Markets and Fortrade 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 much better. In other words, an online broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Fortrade charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, such as daily or weekly trading.
But, non-trading fees billed by IC Markets and Fortrade are comparatively higher. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This IC Markets vs Fortrade review for 2024 breaks down every one 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 chat completely with your trading platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you will find all the languages that both IC Markets and Fortrade offer communication in.
How Many Clients Do IC Markets and Fortrade Have?
Both IC Markets and Fortrade are well known and trusted. It is important to work with an online broker you can trust 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 users IC Markets and Fortrade have
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.
IC Markets Review
IC Markets vs Fortrade:
Table Of Contents
- Compare IC Markets vs Fortrade
- Benefits of IC Markets and Fortrade Compared
- Fortrade and IC Markets Mobile App Comparison
- IC Markets vs Fortrade - Awards
- IC Markets vs Fortrade - Frequently Asked Questions
- What is the minimum deposit for Fortrade or IC Markets
- IC Markets vs Fortrade - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Fortrade
- What Languages Do IC Markets And Fortrade Support?
- How Many Clients Do IC Markets and Fortrade Have?
- What Payment Methods Do IC Markets and Fortrade Accept?
- What Can You Trade With IC Markets and Fortrade?