IC Markets vs Hargreaves Lansdown, 2023 Update

Compare IC Markets vs Hargreaves Lansdown

All trading platforms has certain advantages and disadvantages, so a complete analysis of IC Markets vs Hargreaves Lansdown would not be complete without adopting an objective perspective.

Compare Hargreaves Lansdown and IC Markets to understand the way these platforms compare to each prior to you make an account. A side-by-side comparison can bring aspects into perspective to ensure that you are cognizant of what to expect.

So you are looking for an online trading platform and are choosing between IC Markets or Hargreaves Lansdown. Who is better in 2023?

Our IC Markets vs Hargreaves Lansdown comparison contains the most recent information so you can easily compare Hargreaves Lansdown against IC Markets.

If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all the concepts of broker since you keep trading. For starters, you need to choose the right broker who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Hargreaves Lansdown are just two such platforms that will take you along with your investment to great heights. It is crucial to compare IC Markets vs Hargreaves Lansdown until you trust them with your cash.

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

Our full IC Markets vs Hargreaves Lansdown Review covers everything you will need to learn about trading with either IC Markets or Hargreaves Lansdown. A good broker can multiply your first investments and give 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 way to ensure profits; thus, you should carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and Hargreaves Lansdown are both brokers which have forged their way successfully to the broker world. In this review, we've attempted to collate some of the vital facets of both IC Markets and Hargreaves Lansdown. This review will allow you to understand whether either Hargreaves Lansdown or IC Markets is a fantastic match for your investments or not. We have attempted to breakdown all the qualities and fees for your advantage.

Benefits of IC Markets and Hargreaves Lansdown Compared

IC Markets has a minimum deposit of $200 while Hargreaves Lansdown offers a $200 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Hargreaves Lansdown 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 Hargreaves Lansdown allows you to trade around 232 available.

The more financial instruments you can trade on the IC Markets and Hargreaves Lansdown 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Hargreaves Lansdown.

IC Markets and Hargreaves Lansdown Contact Details

Being able to contact a broker through many ways is vital. IC Markets and Hargreaves Lansdown have the following contact details and social medias that you can use.

Hargreaves Lansdown 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 Hargreaves Lansdown will examine whether their mobile app meets all our requirements.

We rate overall 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 Hargreaves Lansdown - Awards

IC Markets vs Hargreaves Lansdown - Frequently Asked Questions

IC Markets vs Hargreaves Lansdown - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

Hargreaves Lansdown was founded in 1981 and has its head office in UK.

What is the minimum deposit for Hargreaves Lansdown or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Hargreaves Lansdown is $200.

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 Hargreaves Lansdown are a good choice.

IC Markets vs Hargreaves Lansdown - 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).

Hargreaves Lansdown is regulated by Financial Conduct Authority (FCA).

Both IC Markets and Hargreaves Lansdown have a strong set of rules for ensuring fair trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Hargreaves Lansdown Commission And Fees

IC Markets and Hargreaves Lansdown are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the amount of clients they have.

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

The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are paying a spread, funding rate, or a commission. The sorts of trading fees and the rates vary 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. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.

Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.

In general, neither IC Markets or Hargreaves Lansdown charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example daily or weekly trading.

But, non-trading fees billed by IC Markets and Hargreaves Lansdown are relatively competitive. As a result, you are billed more for non-trading activities on your trading account, like deposits and withdrawal. These are not about the sale and purchase of resources.

This IC Markets vs Hargreaves Lansdown review for 2023 breaks down every one of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Hargreaves Lansdown

What Languages Do IC Markets And Hargreaves Lansdown Support?

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

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

How Many Clients Do IC Markets and Hargreaves Lansdown Have?

Both IC Markets and Hargreaves Lansdown 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 understanding this is by knowing how many clients they already work with.

Below you will find details of how many customers IC Markets and Hargreaves Lansdown are working with

What Payment Methods Do IC Markets and Hargreaves Lansdown Accept?

IC Markets and Hargreaves Lansdown 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 Hargreaves Lansdown

What Can You Trade With IC Markets and Hargreaves Lansdown?

IC Markets offers 232 trading instruments whilst Hargreaves Lansdown offers 100.

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