IC Markets vs OptionWeb, 2022 Update
|
|
|
IC Markets Rating: 8.34 / 10 |
OptionWeb Rating: 4.71 / 10 |
|
Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs OptionWeb Guide |
|
Read our In-Depth IC Markets vs OptionWeb Review - 2022 Update
This IC Markets vs OptionWeb 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 OptionWeb review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
OptionWeb Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between IC Markets or OptionWeb. Who should you choose?
This IC Markets vs OptionWeb review contains the latest information so you can easily compare OptionWeb against IC Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and OptionWeb are just two such stages which will take you along with your investment to great heights. It's important to compare IC Markets vs OptionWeb before you trust them with your money.
Our IC Markets vs OptionWeb comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and OptionWeb side by side.
Our full IC Markets vs OptionWeb Review covers everything you need to know about trading using either IC Markets or OptionWeb. A fantastic broker can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you choose them. It is a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and OptionWeb are both brokers which have found their way successfully to the brokerage world. In this review, we have tried to collate a number of the vital facets of both IC Markets and OptionWeb. This review can help you to know whether either OptionWeb or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Compare IC Markets vs OptionWeb
Every online trading system will have some pros and cons, and no IC Markets and OptionWeb review would be complete without having a balanced approach. Compare IC Markets and OptionWeb to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and OptionWeb Compared
IC Markets has a minimum deposit of $200 while OptionWeb offers a $200 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and OptionWeb 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 OptionWeb has around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and OptionWeb 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 OptionWeb.
IC Markets and OptionWeb Contact Details
Being able to contact your broker through many ways is vital. IC Markets and OptionWeb have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | IC Markets | OptionWeb |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | OptionWeb Twitter Account | |
| IC Markets Facebook Page | OptionWeb Facebook Page | |
| IC Markets Instagram Account | OptionWeb Instagram Account | |
| IC Markets LinkedIn Page | OptionWeb LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | OptionWeb YouTube Channel |
| Find Out More |
|
|
OptionWeb 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 OptionWeb will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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 OptionWeb - Awards
|
|
||
|---|---|---|
| Broker | IC Markets | OptionWeb |
| Awards |
IC Markets have won numerous industry awards over the time they have been operating as an online broker. We show the most notable awards for IC Markets below.
|
At the time of writing this OptionWeb review, and despite OptionWeb’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
IC Markets vs OptionWeb - Frequently Asked Questions
IC Markets vs OptionWeb - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
OptionWeb was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for OptionWeb or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for OptionWeb is $200.
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 OptionWeb are a good option.
IC Markets vs OptionWeb - 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).
OptionWeb is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and OptionWeb have a strong set of rules for ensuring honest trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs OptionWeb Commission And Fees
IC Markets and OptionWeb are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. In other words, an online broker isn't necessarily affected by the number of clients they have.
But this does not necessarily 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 penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your account. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or OptionWeb charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by IC Markets and OptionWeb are comparatively lower. Consequently, you are charged more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This IC Markets vs OptionWeb review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And OptionWeb
What Languages Do IC Markets And OptionWeb Support?
Being able to chat completely with your trading broker is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find the languages that both IC Markets and OptionWeb support.
How Many Clients Do IC Markets and OptionWeb Have?
Both IC Markets and OptionWeb are well known and trusted. It is really important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and OptionWeb are active on their platform
|
|
||
|---|---|---|
| Broker | IC Markets | OptionWeb |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do IC Markets and OptionWeb Accept?
IC Markets and OptionWeb 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 OptionWeb
|
|
||
|---|---|---|
| Broker | IC Markets | OptionWeb |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
|
|
What Can You Trade With IC Markets and OptionWeb?
IC Markets offers 232 trading instruments whilst OptionWeb offers .
Below you will find a full breakdown of what both IC Markets and OptionWeb offer.
Compare IC Markets To All Other Brokers
Compare OptionWeb To All Other Brokers
