IC Markets vs Nutmeg, for 2023

Compare IC Markets vs Nutmeg

All platforms for online trading has some ups and downs, so any comprehensive review of IC Markets and Nutmeg would not be regarded as thorough without adopting an objective perspective.

Compare Nutmeg and IC Markets to understand just how these platforms stack up to one another prior to you create an account. A comprehensive comparison can place factors into perspective to ensure that you are informed about what you should anticipate.

So you are looking for an online trading platform and are choosing between IC Markets or Nutmeg. Which one is best in 2023?

Our IC Markets vs Nutmeg comparison contains the latest information so you can easily compare Nutmeg against IC Markets.

If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to select the right broker who will be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Nutmeg are just two such platforms which will take you along with your investment into great heights. It's crucial that you compare IC Markets vs Nutmeg until you trust them with your money.

Our IC Markets vs Nutmeg comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Nutmeg side by side.

Our entire IC Markets vs Nutmeg Review covers all you will need to learn about trading using either IC Markets or Nutmeg. A good agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment goals.

There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and Nutmeg are both brokers that have forged their way successfully to the broker world. In this review, we've tried to collate some of the vital aspects of both IC Markets and Nutmeg. This review will allow you to understand whether either Nutmeg or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all of the features and charges for your advantage.

Benefits of IC Markets and Nutmeg Compared

IC Markets offers a minimum deposit of $200 while Nutmeg offers a $0 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Nutmeg 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 while Nutmeg has around 232 financial instruments available.

The more financial instruments you can trade on the IC Markets and Nutmeg 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or Nutmeg.

IC Markets and Nutmeg Contact Details

Being able to contact an online trading platform easily is vital. IC Markets and Nutmeg have the following contact details and social medias that you can use.

Nutmeg 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 Nutmeg we'll check whether either of their mobile apps tick all the boxes.

Overall, we rate the user-friendliness of the apps as better than average.

It is important that any trading app has user friendly capabilities especially with the

Search Functions

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 Nutmeg - Awards

IC Markets vs Nutmeg - Frequently Asked Questions

IC Markets vs Nutmeg - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

Nutmeg was founded in 2008 and has its head office in USA.

What is the minimum deposit for Nutmeg or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Nutmeg is $0.

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 Nutmeg are a good choice.

IC Markets vs Nutmeg - 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).

Nutmeg is regulated by Unregulated.

Nutmeg is unregulated but IC Markets has a powerful set of rules for ensuring honest trading onto its individual platforms. For information encryption functions, they supply industry-standard secure socket layer (SSL).

As per their privacy policy, 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 Nutmeg Commission And Fees

IC Markets and Nutmeg are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount of customers they have.

But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.

The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, financing speed, or even a commission. The sorts of trading charges and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight prices are people that are charged when you hold a leveraged position for more than daily.

Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

In general, neither IC Markets or Nutmeg charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.

However, non-trading fees billed by IC Markets and Nutmeg are comparatively higher. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not about the purchase and sale of resources.

This IC Markets vs Nutmeg review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Nutmeg

What Languages Do IC Markets And Nutmeg Support?

Being able to communicate easily with your online broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you 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 Nutmeg offer communication in.

How Many Clients Do IC Markets and Nutmeg Have?

Both IC Markets and Nutmeg are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many clients IC Markets and Nutmeg have

What Payment Methods Do IC Markets and Nutmeg Accept?

IC Markets and Nutmeg 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 Nutmeg

What Can You Trade With IC Markets and Nutmeg?

IC Markets offers 232 trading instruments whilst Nutmeg offers 273.

Below you will find a full breakdown of what both IC Markets and Nutmeg offer.