IC Markets vs Phoenix Markets, Who's Better?

Compare IC Markets vs Phoenix Markets

Every online trading platforms will have some advantages and disadvantages, and a complete analysis of IC Markets vs Phoenix Markets cannnot be regarded as thorough without embracing an objective perspective.

Assess IC Markets and Phoenix Markets to get a better understanding of how these platforms line up with each other prior to you make an account. A comprehensive comparison can bring aspects in perspective in order that you remain cognizant of what you should anticipate.

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

Our 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 world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to select the ideal agent who will be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and Phoenix Markets are two such stages which will take you and your investment into great heights. It is important to 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 all you will need to know about trading using either IC Markets or Phoenix Markets. A fantastic agent can multiply your initial investments and give you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investment objectives.

There's absolutely no sure-fire method to ensure profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.

IC Markets and Phoenix Markets are both brokers which have forged their way successfully into the broker world. In this review, we've tried to collate a number of the vital facets of both IC Markets and Phoenix Markets. This review will allow you to know whether either Phoenix Markets or IC Markets is a good match for your own 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 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 whilst Phoenix Markets has around 232 financial instruments on their platform.

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 a broker through many ways is important. 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.

We rate overall 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

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 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 headquaters 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 collection of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).

As per their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Phoenix Markets Commission And Fees

IC Markets and Phoenix Markets are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of fees for this purpose.

The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people who are billed when you hold a leveraged position for longer than a day.

Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They're billed for surgeries like depositing cash, not investing for long periods, or withdrawals.

Generally, 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 brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example weekly or daily trading.

But, non-trading fees billed by IC Markets and Phoenix Markets are comparatively lower. Consequently, you're billed more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of assets.

This IC Markets vs Phoenix Markets review for 2025 breaks down each of the relevant non-trading fees 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 completely with your trading platform is a key element when comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their website 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 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 really important to work with a broker that is reputable and one of the most simple 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 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 and Phoenix Markets offers 97.

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