IC Markets vs FreshForex, 2023 Update
Read our In-Depth IC Markets vs FreshForex Review - for 2023
This IC Markets vs FreshForex 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 FreshForex review 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
Every online trading platform will have some ups and downs, and no IC Markets and FreshForex review would be complete without showing both sides. Compare IC Markets and FreshForex 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 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 brokerages, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get adept at all the concepts of broker as you keep trading. For starters, you need to select the ideal agent who'll be transparent with you always.
Within 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 just two such platforms which will take you along with your investment to great heights. It is important 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 everything you will need to know about trading with either IC Markets or FreshForex. A fantastic agent can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; thus, you must carefully assess your broker before you choose them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
IC Markets and FreshForex are both brokers that have forged their way successfully to the broker world. In this review, we have attempted to collate a number of the vital aspects of both IC Markets and FreshForex. This review will help you to understand whether either FreshForex or IC Markets is a fantastic match for your investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Benefits of IC Markets and FreshForex Compared
IC Markets has a minimum deposit of $200 while FreshForex has 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 allows you to trade around 232 financial instruments while FreshForex allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and FreshForex trading 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 a broker simply is important. IC Markets and FreshForex have the following contact details and social medias that you can use.
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| Broker | IC Markets | FreshForex |
| Telephone Number | +248 467 19 76 | +44 207 099 2124 |
| support@icmarkets.com | info@freshforex.com | |
| Address | 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 | |
| YouTube | IC Markets YouTube Channel | FreshForex YouTube Channel |
| Find Out More |
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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 both apps as Better than the 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. 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 FreshForex - Awards
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| Broker | IC Markets | FreshForex |
| Awards |
IC Markets have won several industry awards over the time they have been running as a financial broker. We detail the most recognised awards for IC Markets here.
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FreshForex have won several industry awards over the years they have been operating as a financial broker. We show the most recognised awards for FreshForex below.
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| Find Out More |
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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 head office in Australia.
FreshForex was founded in 2004 and has its head office 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 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 FreshForex are a good choice.
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 collection of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs FreshForex Commission And Fees
IC Markets and FreshForex are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.
But 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 make money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or FreshForex charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and FreshForex are relatively higher. Consequently, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.
This IC Markets vs FreshForex review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And FreshForex
What Languages Do IC Markets And FreshForex Support?
Being able to communicate easily with your online platform is a key way of comparing trading platforms 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.
Below you will find all the languages that both IC Markets and FreshForex support.
How Many Clients Do IC Markets and FreshForex Have?
Both IC Markets and FreshForex are well established with their customer base. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients 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 while FreshForex offers 144.
Below you will find a full breakdown of what both IC Markets and FreshForex offer.
Compare IC Markets To All Other Brokers
Compare FreshForex To All Other Brokers