IC Markets vs NordFX, Who's Better?
Read our In-Depth IC Markets vs NordFX Review - 2023 Update
This comprehensive analysis of IC Markets and NordFX has been updated for 2023 by industry experts boasting years of expertise across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs NordFX does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
NordFX Excluded Countries
United States of America, Canada, Syrian Arab Republic, Sudan, Cuba, and Netherlands.
Compare IC Markets vs NordFX
Each platforms for online trading will have a few advantages and disadvantages, and a complete review of IC Markets and NordFX cannnot be regarded as thorough without embracing a balanced approach.
Assess IC Markets and NordFX in order to understand how they line up with each before you create an account. Performing a side-by-side comparison can put things in perspective in order that you remain cognizant of what you should anticipate.
So you are looking for an online trading platform and are choosing between IC Markets or NordFX. Who is better in 2023?
This IC Markets vs NordFX comparison contains the most recent information so you can easily compare NordFX against IC Markets.
If you are a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you have to choose the ideal broker who will be clear with you always.
Within this fast-paced universe 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 NordFX are two such stages which will take you and your investment to great heights. It is important to compare IC Markets vs NordFX until you trust them with your cash.
Our IC Markets vs NordFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and NordFX side by side.
Our full IC Markets vs NordFX Review covers all you will need to know about trading using either IC Markets or NordFX. A good broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and NordFX are both brokers that have found their way successfully to the broker world. In this review, we have attempted to collate a number of the important aspects of both IC Markets and NordFX. This review can help you to know whether either NordFX or IC Markets is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your convenience.
Benefits of IC Markets and NordFX Compared
IC Markets offers a minimum deposit of $200 while NordFX offers a $10 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and NordFX 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 NordFX allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and NordFX 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 NordFX.
IC Markets and NordFX Contact Details
Being able to contact your broker through many ways is a sign of a professional broker. IC Markets and NordFX have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+91 120 433 3948|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||Pot 805/103 Rue D'Auvergne, Port Vila, Vanuatu|
|IC Markets Twitter Account||NordFX Twitter Account|
|IC Markets Facebook Page||NordFX Facebook Page|
|IC Markets Instagram Account||NordFX Instagram Account|
|IC Markets LinkedIn Page||NordFX LinkedIn Page|
|YouTube||IC Markets YouTube Channel||NordFX YouTube Channel|
|Find Out More||
NordFX 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 NordFX 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 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 NordFX - Awards
IC Markets have won numerous industry awards over the years they have been running as an online broker. We show the most recognised awards for IC Markets below.
|At the time of writing this NordFX review, and despite NordFX’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
IC Markets vs NordFX - Frequently Asked Questions
IC Markets vs NordFX - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
NordFX was founded in 2008 and has its headquaters in Mauritius.
What is the minimum deposit for NordFX or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for NordFX is $10.
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 NordFX are a good option.
IC Markets vs NordFX - 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).
NordFX is regulated by VFSC (15008).
Both IC Markets and NordFX have a strong set of rules for ensuring honest trading onto their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs NordFX Commission And Fees
IC Markets and NordFX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers do not 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 look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you're paying a spread, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or NordFX 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 smaller amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by IC Markets and NordFX are relatively higher. Consequently, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of resources.
This IC Markets vs NordFX review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And NordFX
What Languages Do IC Markets And NordFX Support?
Being able to communicate easily with your online broker 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 website and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both IC Markets and NordFX support.
How Many Clients Do IC Markets and NordFX Have?
Both IC Markets and NordFX are well established with their client base. It is important to work with an online broker you can trust 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 customers IC Markets and NordFX are active on their platform
What Payment Methods Do IC Markets and NordFX Accept?
IC Markets and NordFX 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 NordFX
What Can You Trade With IC Markets and NordFX?
IC Markets offers 232 trading instruments while NordFX offers 116.
Below you will find a full breakdown of what both IC Markets and NordFX offer.
IC Markets Review
IC Markets vs NordFX:
Table Of Contents
- Compare IC Markets vs NordFX
- Benefits of IC Markets and NordFX Compared
- NordFX and IC Markets Mobile App Comparison
- IC Markets vs NordFX - Awards
- IC Markets vs NordFX - Frequently Asked Questions
- What is the minimum deposit for NordFX or IC Markets
- IC Markets vs NordFX - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And NordFX
- What Languages Do IC Markets And NordFX Support?
- How Many Clients Do IC Markets and NordFX Have?
- What Payment Methods Do IC Markets and NordFX Accept?
- What Can You Trade With IC Markets and NordFX?