IC Markets vs IronFX, for 2023
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 - for 2023
Our review comparing IC Markets and IronFX has been updated for 2023 from knowledgeable insiders with considerable expertise across Social Trading, Forex, & CFDs.
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
All platforms for online trading feature certain advantages and disadvantages, and any comprehensive IC Markets and IronFX review would not be regarded as thorough without embracing a fair assessment.
Assess IC Markets and IronFX to understand how they compare against each other prior to you make an account. Performing a side-by-side comparison helps to place factors into perspective in order that you're informed about the expectations.
So you are looking for a reputable broker and are choosing between IC Markets or IronFX. Who is better in 2023?
Our IC Markets vs IronFX comparison contains the most recent 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 confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all the concepts of broker since you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and IronFX are two such platforms that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs IronFX before you trust them with your money.
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 full IC Markets vs IronFX Review covers everything you need to know about trading using either IC Markets or IronFX. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you choose them. It's a frequent misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
IC Markets and IronFX are both brokers that have paved their way successfully into the brokerage world. In this review, we have tried to collate some of the vital aspects of both IC Markets and IronFX. This review can help you to understand whether either IronFX or IC Markets is a fantastic fit for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of IC Markets and IronFX Compared
IC Markets has a minimum deposit of $200 while IronFX has 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 allows you to trade around 232 financial instruments whilst IronFX allows you to trade 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 an online trading platform simply is a sign of a professional broker. IC Markets and IronFX have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||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|
|YouTube||IC Markets YouTube Channel||IronFX YouTube Channel|
|Find Out More||
IronFX 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.
In this part of our comparison of IC Markets and IronFX we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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 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 IronFX - Awards
IC Markets have won numerous industry awards over the years they have been operating as a financial broker. We list the most notable 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.|
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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 headquaters in Australia.
IronFX was founded in 2010 and has its headquaters 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 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 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 strong collection of rules for ensuring honest trading on their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, client data is to not be shared with any other institutions or individuals. This includes 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 fees 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 is not necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 different types of fees for this objective.
The first sort of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're spending a spread, financing speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people that are billed when you hold a leveraged position for more than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or IronFX charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by IC Markets and IronFX are comparatively greater. Consequently, you're billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This IC Markets vs IronFX review for 2023 breaks down each of the relevant non-trading charges 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 chat completely with your online platform is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you will find the languages that both IC Markets and IronFX support.
|Languages Supported||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 known and trusted. It is important to work with a broker you can trust 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 users IC Markets and IronFX are working with
|Clients / Users||60,000+||10,000+|
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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
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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?