IC Markets vs Nadex, Updated for 2023
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IC Markets Rating
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Nadex Rating
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Losses can exceed deposits |
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IC Markets vs Nadex Guide |
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Read our In-Depth IC Markets vs Nadex Review - for 2023
This IC Markets vs Nadex 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 Nadex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Nadex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Nadex
Every online trading platform has a few pros and cons, and no IC Markets and Nadex review would be complete without having a balanced approach. Compare IC Markets and Nadex to understand how they stack up against each other before you make 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 Nadex. Which one is best in 2023?
Our IC Markets vs Nadex comparison contains the latest information so you can easily compare Nadex against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the ideal agent who will be transparent with you always.
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 generate hefty returns. IC Markets and Nadex are just two such stages that will take you along with your investment to great heights. It's important to compare IC Markets vs Nadex until you trust them with your cash.
Our IC Markets vs Nadex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Nadex side by side.
Our entire IC Markets vs Nadex Review covers everything you need to learn about trading with either IC Markets or Nadex. A fantastic broker can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to ensure profits; thus, you should carefully assess your agent before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and Nadex are both brokers which have forged their way successfully to the brokerage world. In this review, we've attempted to collate some of the important aspects of both IC Markets and Nadex. This review will allow you to know whether either Nadex or IC Markets is a good 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 Nadex Compared
IC Markets has a minimum deposit of $200 while Nadex offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Nadex 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 Nadex allows you to trade around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Nadex 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 Nadex.
IC Markets and Nadex Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. IC Markets and Nadex have the following contact details and social medias that you can use.
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| Broker | IC Markets | Nadex |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Nadex Twitter Account | |
| IC Markets Facebook Page | Nadex Facebook Page | |
| IC Markets Instagram Account | Nadex Instagram Account | |
| IC Markets LinkedIn Page | Nadex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Nadex YouTube Channel |
| Find Out More |
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Nadex 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.
This part of comparing IC Markets and Nadex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 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 Nadex - Awards
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| Broker | IC Markets | Nadex |
| Awards |
IC Markets have won many industry awards over the years they have been running as a financial broker. We detail the most recognised awards for IC Markets below.
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At the time of writing this Nadex review, and despite Nadex’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Nadex - Frequently Asked Questions
IC Markets vs Nadex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Nadex was founded in 2008 and has its head office in USA.
What is the minimum deposit for Nadex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Nadex is $250.
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 Nadex are a good choice.
IC Markets vs Nadex - 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).
Nadex is regulated by Unregulated.
Nadex is unregulated but IC Markets has a strong collection of rules for ensuring fair trading on its individual platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their individual privacy policy, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Nadex Commission And Fees
IC Markets and Nadex are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, funding rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are people that are billed when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Nadex charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees charged by IC Markets and Nadex are relatively competitive. Consequently, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This IC Markets vs Nadex review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Nadex
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| Broker | IC Markets | Nadex |
| Minimum Deposit | $200 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | Yes |
| Find Out More |
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What Languages Do IC Markets And Nadex Support?
Being able to communicate easily with your online platform is a key part of comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both IC Markets and Nadex support.
How Many Clients Do IC Markets and Nadex Have?
Both IC Markets and Nadex are well established with their customer base. It is really important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients IC Markets and Nadex have
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| Broker | IC Markets | Nadex |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do IC Markets and Nadex Accept?
IC Markets and Nadex 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 Nadex
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| Broker | IC Markets | Nadex |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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What Can You Trade With IC Markets and Nadex?
IC Markets offers 232 trading instruments and Nadex offers 272.
Below you will find a full breakdown of what both IC Markets and Nadex offer.
Compare IC Markets To All Other Brokers
Compare Nadex To All Other Brokers