IC Markets vs Interactive Brokers, Who's The Best?
Read our In-Depth IC Markets vs Interactive Brokers Review - 2024 Update
This comprehensive analysis of IC Markets and Interactive Brokers has been refreshed for 2024 by seasoned professionals boasting extensive expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Interactive Brokers does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Interactive Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Interactive Brokers
All platforms for online trading has a few advantages and disadvantages, so any comprehensive IC Markets and Interactive Brokers review would not be regarded as thorough without adopting a fair assessment.
Compare IC Markets and Interactive Brokers in order to understand just how they stack up with one another before you decide to open an account. A comprehensive comparison will place factors into perspective in order that you remain cognizant of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or Interactive Brokers. Which one is best in 2024?
This IC Markets vs Interactive Brokers comparison contains the latest information so you can easily compare Interactive Brokers against IC Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll get adept at all the concepts of broker as you continue trading. For starters, you have to select the ideal agent who'll be transparent 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 generate hefty returns. IC Markets and Interactive Brokers are two such companies that will take you and your investment into great heights. It's important to compare IC Markets vs Interactive Brokers until you trust them with your cash.
Our IC Markets vs Interactive Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Interactive Brokers side by side.
Our entire IC Markets vs Interactive Brokers Review covers everything you will need to learn about trading with either IC Markets or Interactive Brokers. A fantastic agent can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure 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 is not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Interactive Brokers are both brokers that have forged their way successfully to the brokerage world. In this review, we've tried to collate some of the vital facets of both IC Markets and Interactive Brokers. This review can help you to know whether either Interactive Brokers or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and Interactive Brokers Compared
IC Markets has a minimum deposit of $200 while Interactive Brokers offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Interactive Brokers 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 while Interactive Brokers allows you to trade around 232 on their platform.
The more financial instruments you can trade on the IC Markets and Interactive Brokers 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 Interactive Brokers.
IC Markets and Interactive Brokers Contact Details
Being able to contact your broker easily is vital. IC Markets and Interactive Brokers have the following contact details and social medias that you can use.
|+248 467 19 76
|+1 203 618 5800
|Level 4, 50 Carrington Street, Sydney NSW 2000
|One Pickwick Plz, Greenwich, Connecticut 06830, US
|IC Markets Twitter Account
|Interactive Brokers Twitter Account
|IC Markets Facebook Page
|Interactive Brokers Facebook Page
|IC Markets Instagram Account
|Interactive Brokers Instagram Account
|IC Markets LinkedIn Page
|Interactive Brokers LinkedIn Page
|IC Markets YouTube Channel
|Interactive Brokers YouTube Channel
|Find Out More
Interactive Brokers 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 Interactive Brokers 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 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 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 Interactive Brokers - Awards
IC Markets have won numerous industry awards over the years they have been operating as a financial broker. We show the most recognised awards for IC Markets here.
Interactive Brokers have won many industry awards over the years they have been operating as an online trading platform. We list the most recognised awards for Interactive Brokers below.
|Find Out More
IC Markets vs Interactive Brokers - Frequently Asked Questions
IC Markets vs Interactive Brokers - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Interactive Brokers was founded in 1977 and has its headquaters in United States.
What is the minimum deposit for Interactive Brokers or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Interactive Brokers 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 Interactive Brokers are a good option.
IC Markets vs Interactive Brokers - 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).
Interactive Brokers is regulated by the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917)..
Both IC Markets and Interactive Brokers have a strong collection of rules for ensuring fair trading onto their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Interactive Brokers Commission And Fees
IC Markets and Interactive Brokers are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, funding rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. 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.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Interactive Brokers charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees billed by IC Markets and Interactive Brokers are comparatively competitive. As a result, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This IC Markets vs Interactive Brokers review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Interactive Brokers
What Languages Do IC Markets And Interactive Brokers Support?
Being able to communicate completely with your online broker is a key part of comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Here you can find the languages that both IC Markets and Interactive Brokers support.
How Many Clients Do IC Markets and Interactive Brokers Have?
Both IC Markets and Interactive Brokers are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many clients IC Markets and Interactive Brokers have
What Payment Methods Do IC Markets and Interactive Brokers Accept?
IC Markets and Interactive Brokers 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 Interactive Brokers
What Can You Trade With IC Markets and Interactive Brokers?
IC Markets offers 232 trading instruments and Interactive Brokers offers 100.
Below you will find a full breakdown of what both IC Markets and Interactive Brokers offer.
IC Markets Review
IC Markets vs Interactive Brokers:
Table Of Contents
- Compare IC Markets vs Interactive Brokers
- Benefits of IC Markets and Interactive Brokers Compared
- Interactive Brokers and IC Markets Mobile App Comparison
- IC Markets vs Interactive Brokers - Awards
- IC Markets vs Interactive Brokers - Frequently Asked Questions
- What is the minimum deposit for Interactive Brokers or IC Markets
- IC Markets vs Interactive Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Interactive Brokers
- What Languages Do IC Markets And Interactive Brokers Support?
- How Many Clients Do IC Markets and Interactive Brokers Have?
- What Payment Methods Do IC Markets and Interactive Brokers Accept?
- What Can You Trade With IC Markets and Interactive Brokers?