IC Markets vs Phoenix Markets, Who's Better?
IC Markets Rating
Phoenix Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Phoenix Markets Guide
Read our In-Depth IC Markets vs Phoenix Markets Review - 2024 Update
This IC Markets vs Phoenix Markets review has been revised for 2024 by seasoned professionals boasting extensive financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Phoenix Markets does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Phoenix Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and United Kingdom.
Compare IC Markets vs Phoenix Markets
All online trading platforms will have a few advantages and disadvantages, so a complete analysis of IC Markets vs Phoenix Markets would not be regarded as thorough without embracing a fair assessment.
Examine IC Markets and Phoenix Markets to get a better understanding of just how they stack up to each before you decide to make an account. Conducting a comprehensive comparison can bring aspects into perspective so that you are informed about what you should anticipate.
So you are looking for a broker and are choosing between IC Markets or Phoenix Markets. Who should you choose?
This IC Markets vs Phoenix Markets comparison contains the latest information so you can easily compare Phoenix Markets against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will acquire adept at all of the concepts of broker as you keep trading. For starters, you need to select the ideal agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Phoenix Markets are just two such companies that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs Phoenix Markets before you trust them with your money.
Our IC Markets vs Phoenix Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Phoenix Markets side by side.
Our entire IC Markets vs Phoenix Markets Review covers everything you need to learn about trading using either IC Markets or Phoenix Markets. A good agent 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 investment objectives.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Phoenix Markets are both brokers that have paved their way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital aspects of both IC Markets and Phoenix Markets. This review will help you to know whether either Phoenix Markets or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Phoenix Markets Compared
IC Markets offers a minimum deposit of $200 while Phoenix Markets offers a $500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Phoenix Markets 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 while Phoenix Markets allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and Phoenix Markets 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 Phoenix Markets.
IC Markets and Phoenix Markets Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and Phoenix Markets have the following contact details and social medias that you can use.
|+248 467 19 76
|+44 203 514 2059
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|Phoenix Markets Twitter Account
|IC Markets Facebook Page
|Phoenix Markets Facebook Page
|IC Markets Instagram Account
|Phoenix Markets Instagram Account
|IC Markets LinkedIn Page
|Phoenix Markets LinkedIn Page
|IC Markets YouTube Channel
|Phoenix Markets YouTube Channel
|Find Out More
Phoenix Markets 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 Phoenix Markets will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the 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.
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 Phoenix Markets - Awards
IC Markets have won many industry awards over the time they have been operating as an online trading platform. We list the most recognised awards for IC Markets here.
|At the time of writing this Phoenix Markets review, and despite Phoenix Markets’s impressive offering, the company has surprisingly not garnered any awards to date.
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IC Markets vs Phoenix Markets - Frequently Asked Questions
IC Markets vs Phoenix Markets - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Phoenix Markets was founded in 2013 and has its head office in Cyprus.
What is the minimum deposit for Phoenix Markets or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Phoenix Markets is $500.
Depending on your circumstances, 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 Phoenix Markets are a good choice.
IC Markets vs Phoenix Markets - 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).
Phoenix Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and Phoenix Markets have a strong collection of rules for ensuring honest trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs Phoenix Markets Commission And Fees
IC Markets and Phoenix Markets are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.
But this doesn't 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 three 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 purchasing a stock or an ETF, you are charged trading charges. In such cases, you're paying a spread, financing speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you hold a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Phoenix Markets charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Phoenix Markets are relatively lower. Consequently, you're billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This IC Markets vs Phoenix Markets review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Phoenix Markets
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What Languages Do IC Markets And Phoenix Markets Support?
Being able to communicate easily with your online broker is a key part of comparing trading platforms 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 online.
Below you will find all the languages that both IC Markets and Phoenix Markets offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and Phoenix Markets Have?
Both IC Markets and Phoenix Markets are well established with their client base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and Phoenix Markets have
|Clients / Users
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What Payment Methods Do IC Markets and Phoenix Markets Accept?
IC Markets and Phoenix Markets 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 Phoenix Markets
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What Can You Trade With IC Markets and Phoenix Markets?
IC Markets offers 232 trading instruments while Phoenix Markets offers 97.
Below you will find a full breakdown of what both IC Markets and Phoenix Markets offer.
IC Markets Review
IC Markets vs Phoenix Markets:
Table Of Contents
- Compare IC Markets vs Phoenix Markets
- Benefits of IC Markets and Phoenix Markets Compared
- Phoenix Markets and IC Markets Mobile App Comparison
- IC Markets vs Phoenix Markets - Awards
- IC Markets vs Phoenix Markets - Frequently Asked Questions
- What is the minimum deposit for Phoenix Markets or IC Markets
- IC Markets vs Phoenix Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Phoenix Markets
- What Languages Do IC Markets And Phoenix Markets Support?
- How Many Clients Do IC Markets and Phoenix Markets Have?
- What Payment Methods Do IC Markets and Phoenix Markets Accept?
- What Can You Trade With IC Markets and Phoenix Markets?