IC Markets vs FreshForex, Who's The Best?
Read our In-Depth IC Markets vs FreshForex Review - Updated for 2024
This IC Markets vs FreshForex review has been updated to reflect any changes for 2024 from industry experts with considerable financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs FreshForex does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
FreshForex Excluded Countries
United States of America, United Kingdom, Russian Federation, and France.
Compare IC Markets vs FreshForex
All online trading platforms has a few pros and cons, so a complete IC Markets and FreshForex review cannnot be regarded as thorough without embracing a fair assessment.
Compare FreshForex and IC Markets to understand how these platforms compare to each before you make an account. Conducting a side-by-side comparison can put things in perspective to ensure that you remain cognizant of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or FreshForex. Who should you choose?
This IC Markets vs FreshForex comparison contains the most recent information so you can easily compare FreshForex against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will get adept at all the concepts of broker as you continue trading. For starters, you need to choose the right broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and FreshForex are two such companies which will take you and your investment into great heights. It is crucial that you compare IC Markets vs FreshForex until you trust them with your money.
Our IC Markets vs FreshForex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and FreshForex side by side.
Our full IC Markets vs FreshForex Review covers all you need to learn about trading using either IC Markets or FreshForex. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It is a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and FreshForex are both brokers that have forged their way successfully into the brokerage world. Within this review, we have tried to collate some of the important facets of both IC Markets and FreshForex. This review can help you to know whether either FreshForex or IC Markets is a fantastic fit for your own investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of IC Markets and FreshForex Compared
IC Markets offers a minimum deposit of $200 while FreshForex offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and FreshForex 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 FreshForex has around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and FreshForex 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 FreshForex.
IC Markets and FreshForex Contact Details
Being able to contact an online trading platform through many ways is important. IC Markets and FreshForex have the following contact details and social medias that you can use.
|+248 467 19 76
|+44 207 099 2124
|Level 4, 50 Carrington Street, Sydney NSW 2000
|Suite 305 Griffith Corporate Centre, Beachmont P.O. Box 1510, Kingstown, St. Vincent and the Grenadines
|IC Markets Twitter Account
|FreshForex Twitter Account
|IC Markets Facebook Page
|FreshForex Facebook Page
|IC Markets Instagram Account
|FreshForex Instagram Account
|IC Markets LinkedIn Page
|FreshForex LinkedIn Page
|IC Markets YouTube Channel
|FreshForex YouTube Channel
|Find Out More
FreshForex 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.
In this part of our comparison of IC Markets and FreshForex we'll check whether either of their mobile apps tick all the boxes.
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.
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 FreshForex - Awards
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for IC Markets here.
FreshForex have won many industry awards over the years they have been running as an online broker. We show the most notable awards for FreshForex below.
|Find Out More
IC Markets vs FreshForex - Frequently Asked Questions
IC Markets vs FreshForex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
FreshForex was founded in 2004 and has its headquaters in Russia.
What is the minimum deposit for FreshForex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for FreshForex 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 FreshForex are a good option.
IC Markets vs FreshForex - 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).
FreshForex is regulated by SVGFSA 20623 IBC 2012.
Both IC Markets and FreshForex 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).
As per their individual privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs FreshForex Commission And Fees
IC Markets and FreshForex are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you are paying a spread, financing speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or FreshForex charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees billed by IC Markets and FreshForex are relatively higher. Consequently, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These are not about the sale and purchase of resources.
This IC Markets vs FreshForex review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And FreshForex
What Languages Do IC Markets And FreshForex Support?
Being able to talk completely with your online platform is a key part of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find the languages that both IC Markets and FreshForex offer communication in.
How Many Clients Do IC Markets and FreshForex Have?
Both IC Markets and FreshForex are well known and trusted. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and FreshForex are working with
What Payment Methods Do IC Markets and FreshForex Accept?
IC Markets and FreshForex 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 FreshForex
What Can You Trade With IC Markets and FreshForex?
IC Markets offers 232 trading instruments whilst FreshForex offers 144.
Below you will find a full breakdown of what both IC Markets and FreshForex offer.
IC Markets Review
IC Markets vs FreshForex:
Table Of Contents
- Compare IC Markets vs FreshForex
- Benefits of IC Markets and FreshForex Compared
- FreshForex and IC Markets Mobile App Comparison
- IC Markets vs FreshForex - Awards
- IC Markets vs FreshForex - Frequently Asked Questions
- What is the minimum deposit for FreshForex or IC Markets
- IC Markets vs FreshForex - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And FreshForex
- What Languages Do IC Markets And FreshForex Support?
- How Many Clients Do IC Markets and FreshForex Have?
- What Payment Methods Do IC Markets and FreshForex Accept?
- What Can You Trade With IC Markets and FreshForex?