IC Markets vs Nutmeg, Who's The Best?
IC Markets Rating: 8.34 / 10
Nutmeg Rating: 4.56 / 10
Losses can exceed deposits
Your capital is at risk
IC Markets vs Nutmeg Guide
Read our In-Depth IC Markets vs Nutmeg Review - 2022 Update
This IC Markets vs Nutmeg review has been updated for 2022 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 Nutmeg review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Nutmeg Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between IC Markets or Nutmeg. Which one is best in 2022?
This IC Markets vs Nutmeg review contains the most recent information so you can easily compare Nutmeg against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and Nutmeg are just two such trading platforms that will take you along with your investment to great heights. It is crucial to compare IC Markets vs Nutmeg before you trust them with your cash.
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 full IC Markets vs Nutmeg Review covers everything you will need to know about trading with either IC Markets or Nutmeg. A good broker can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Nutmeg are both brokers which have found their way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital facets 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've tried to breakdown all the features and fees for your advantage.
Compare IC Markets vs Nutmeg
Every online trading platform has some pros and cons, and no IC Markets and Nutmeg review would be complete without having a balanced approach. Compare IC Markets and Nutmeg to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and Nutmeg Compared
IC Markets has a minimum deposit of $200 while Nutmeg has 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 whilst Nutmeg has around 232 on their platform.
The more 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 a broker through many ways is important. IC Markets and Nutmeg 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||Nutmeg Twitter Account|
|IC Markets Facebook Page||Nutmeg Facebook Page|
|IC Markets Instagram Account||Nutmeg Instagram Account|
|IC Markets LinkedIn Page||Nutmeg LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Nutmeg YouTube Channel|
|Find Out More||
Nutmeg 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 Nutmeg will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the 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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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 Nutmeg - Awards
IC Markets have won a lot of industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for IC Markets here.
|At the time of writing this Nutmeg review, and despite Nutmeg’s impressive offering, the company has surprisingly not garnered any awards to date.|
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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 headquaters 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 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 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 on its individual platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
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 bill. The reason for this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither IC Markets or Nutmeg charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees billed by IC Markets and Nutmeg are relatively competitive. Consequently, you are billed more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of resources.
This IC Markets vs Nutmeg review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Nutmeg
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What Languages Do IC Markets And Nutmeg Support?
Being able to talk easily with your trading platform is a key way of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both IC Markets and Nutmeg 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 Nutmeg Have?
Both IC Markets and Nutmeg are well known and trusted. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers IC Markets and Nutmeg have
|Clients / Users||60,000+||10,000+|
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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
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What Can You Trade With IC Markets and Nutmeg?
IC Markets offers 232 trading instruments and Nutmeg offers 273.
Below you will find a full breakdown of what both IC Markets and Nutmeg offer.
Compare IC Markets To All Other Brokers
Compare Nutmeg To All Other Brokers
IC Markets Review
IC Markets vs Nutmeg:
Table Of Contents
- Compare IC Markets vs Nutmeg
- Benefits of IC Markets and Nutmeg Compared
- Nutmeg and IC Markets Mobile App Comparison
- IC Markets vs Nutmeg - Awards
- IC Markets vs Nutmeg - Frequently Asked Questions
- What is the minimum deposit for Nutmeg or IC Markets
- IC Markets vs Nutmeg - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Nutmeg
- What Languages Do IC Markets And Nutmeg Support?
- How Many Clients Do IC Markets and Nutmeg Have?
- What Payment Methods Do IC Markets and Nutmeg Accept?
- What Can You Trade With IC Markets and Nutmeg?