IC Markets vs IronFX, 2024 Update
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs IronFX Guide
Read our In-Depth IC Markets vs IronFX Review - 2024 Update
Our review comparing IC Markets and IronFX has been revised to reflect any changes for 2024 from industry experts with significant expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs IronFX does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
IronFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs IronFX
Each online trading platforms will have certain advantages and disadvantages, so any comprehensive review of IC Markets and IronFX would not be complete without having a fair assessment.
Assess IronFX and IC Markets to understand just how they compare with each other before you open an account. Conducting a comparative analysis will place factors in perspective so that you're informed about what to expect.
So you are looking for a broker and are choosing between IC Markets or IronFX. Who should you choose?
This IC Markets vs IronFX comparison contains the latest information so you can easily compare IronFX against IC Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of broker as you continue trading. For starters, you need to choose the ideal broker who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and IronFX are just two such companies that will take you along with your investment to great heights. It is important that you compare IC Markets vs IronFX before you trust them with your cash.
Our IC Markets vs IronFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and IronFX side by side.
Our entire IC Markets vs IronFX Review covers all you will need to learn about trading using either IC Markets or IronFX. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and IronFX are both brokers which have paved their way successfully into the broker world. Within this review, we've attempted to collate some of the important facets of both IC Markets and IronFX. This review will allow you to understand whether either IronFX or IC Markets is a fantastic match 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 IronFX Compared
IC Markets offers a minimum deposit of $200 while IronFX offers a $500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and IronFX 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 IronFX has around 232 on their platform.
The more instruments you can trade on the IC Markets and IronFX 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 IronFX.
IC Markets and IronFX Contact Details
Being able to contact a broker easily is a sign of a professional broker. IC Markets and IronFX have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|IronFX Twitter Account
|IC Markets Facebook Page
|IronFX Facebook Page
|IC Markets Instagram Account
|IronFX Instagram Account
|IC Markets LinkedIn Page
|IronFX LinkedIn Page
|IC Markets YouTube Channel
|IronFX YouTube Channel
|Find Out More
IronFX 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 IronFX 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.
Although most brokers do OK in this area, there are some bad apples out there. 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 IronFX - Awards
IC Markets have won many industry awards over the years they have been running as a financial broker. We show the most recognised awards for IC Markets below.
|At the time of writing this IronFX review, and despite IronFX’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs IronFX - Frequently Asked Questions
IC Markets vs IronFX - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
IronFX was founded in 2010 and has its head office in Cyprus.
What is the minimum deposit for IronFX or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for IronFX is $500.
Depending on your circumstances, 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 IronFX are a good option.
IC Markets vs IronFX - 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).
IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both IC Markets and IronFX have a powerful collection of rules for ensuring fair trading on their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs IronFX Commission And Fees
IC Markets and IronFX are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for more than a day.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither IC Markets or IronFX 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 is beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and IronFX are comparatively competitive. Consequently, you're charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of assets.
This IC Markets vs IronFX review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And IronFX
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What Languages Do IC Markets And IronFX Support?
Being able to communicate completely with your trading platform is a key way of comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and IronFX support.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and IronFX Have?
Both IC Markets and IronFX are well established with their client base. It is important to work with a broker that is professional 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 IronFX have
|Clients / Users
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What Payment Methods Do IC Markets and IronFX Accept?
IC Markets and IronFX 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 IronFX
|Find Out More
What Can You Trade With IC Markets and IronFX?
IC Markets offers 232 trading instruments while IronFX offers 100.
Below you will find a full breakdown of what both IC Markets and IronFX offer.
IC Markets Review
IC Markets vs IronFX:
Table Of Contents
- Compare IC Markets vs IronFX
- Benefits of IC Markets and IronFX Compared
- IronFX and IC Markets Mobile App Comparison
- IC Markets vs IronFX - Awards
- IC Markets vs IronFX - Frequently Asked Questions
- What is the minimum deposit for IronFX or IC Markets
- IC Markets vs IronFX - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And IronFX
- What Languages Do IC Markets And IronFX Support?
- How Many Clients Do IC Markets and IronFX Have?
- What Payment Methods Do IC Markets and IronFX Accept?
- What Can You Trade With IC Markets and IronFX?