IC Markets vs Phoenix Markets, Who's Better?

Compare IC Markets vs Phoenix Markets

Each platforms for online trading has a few ups and downs, so a complete IC Markets and Phoenix Markets review would not be regarded as thorough without embracing a fair assessment.

Assess IC Markets and Phoenix Markets in order to understand how they compare against each other prior to you open an account. A side-by-side comparison can place factors into perspective so that you're informed about the expectations.

So you are looking for an online trading platform and are choosing between IC Markets or Phoenix Markets. Who is better in 2025?

This IC Markets vs Phoenix Markets comparison contains the most recent 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 confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of broker as you keep trading. For starters, you have to select the ideal agent who will be clear with you always.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Phoenix Markets are two such companies which will take you along with your investment into great heights. It is important that you compare IC Markets vs Phoenix Markets until 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 all you will need to know about trading with either IC Markets or Phoenix Markets. A good broker can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.

There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you choose them. It's a common misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and Phoenix Markets are both brokers that have paved their way successfully to the brokerage world. In this review, we've attempted to collate some of the vital aspects of both IC Markets and Phoenix Markets. This review can help you to understand whether either Phoenix Markets or IC Markets is a good fit for your investments or not. We have tried to breakdown all the qualities and fees for your advantage.

Benefits of IC Markets and Phoenix Markets Compared

IC Markets offers a minimum deposit of $200 while Phoenix Markets has 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 instruments you can trade on the IC Markets and Phoenix Markets 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 Phoenix Markets.

IC Markets and Phoenix Markets Contact Details

Being able to contact an online trading platform through many ways is a sign of a professional broker. IC Markets and Phoenix Markets have the following contact details and social medias that you can use.

Phoenix Markets 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 Phoenix Markets 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 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 Phoenix Markets - Awards

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 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 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 powerful set of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their own privacy policies, 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 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 internet broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 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 buying a stock or an ETF, you are billed trading charges. In such cases, you are paying a spread, funding rate, or a commission. The sorts of trading fees and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than a day.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for operations like depositing money, not investing for long periods, or withdrawals.

In general, neither IC Markets or Phoenix Markets charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, such as weekly or daily trading.

However, non-trading fees charged by IC Markets and Phoenix Markets are relatively competitive. As a result, you're charged more for non-trading actions in your trading account, like withdrawal and deposits. These are not about the purchase and sale of assets.

This IC Markets vs Phoenix Markets review for 2025 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Phoenix Markets

What Languages Do IC Markets And Phoenix Markets Support?

Being able to communicate easily with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.

Here you can find all the languages that both IC Markets and Phoenix Markets support.

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 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 users IC Markets and Phoenix Markets are active on their platform

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

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.