IC Markets vs Robinhood, Who's The Best?
IC Markets Rating
Losses can exceed deposits
All investments involve risks, including the possible loss of capital.
IC Markets vs Robinhood Guide
Read our In-Depth IC Markets vs Robinhood Review - 2023 Update
Our IC Markets vs Robinhood review has been updated for 2023 from knowledgeable insiders boasting significant expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Robinhood does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Robinhood Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Robinhood
Each online trading platforms will have certain pros and cons, and a complete analysis of IC Markets vs Robinhood would not be regarded as thorough without embracing a balanced approach.
Compare Robinhood and IC Markets to understand just how they stack up to each other before you make an account. Conducting a comparative analysis can bring aspects into perspective so that you are cognizant of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or Robinhood. Who is better in 2023?
Our IC Markets vs Robinhood comparison contains the most recent information so you can easily compare Robinhood against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you have to choose the ideal agent who'll be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Robinhood are two such platforms that will take you along with your investment into great heights. It's crucial to compare IC Markets vs Robinhood until you trust them with your cash.
Our IC Markets vs Robinhood comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Robinhood side by side.
Our full IC Markets vs Robinhood Review covers all you will need to learn about trading using either IC Markets or Robinhood. A good broker can multiply your initial investments and provide you favorable profits. If you would like to make profits, you must trade with a broker service that aligns with your investing goals.
There is no sure-fire way to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and Robinhood are both brokers which have forged their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both IC Markets and Robinhood. This review can help you to understand whether either Robinhood or IC Markets is a good fit for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and Robinhood Compared
IC Markets has a minimum deposit of $200 while Robinhood offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Robinhood 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 while Robinhood allows you to trade around 232 on their platform.
The more instruments you can trade on the IC Markets and Robinhood 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Robinhood.
IC Markets and Robinhood Contact Details
Being able to contact your broker simply is a sign of a professional broker. IC Markets and Robinhood have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+1 650 940 2700|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||85 WILLOW St, Menlo Park, California 94025, US|
|IC Markets Twitter Account||Robinhood Twitter Account|
|IC Markets Facebook Page||Robinhood Facebook Page|
|IC Markets Instagram Account||Robinhood Instagram Account|
|IC Markets LinkedIn Page||Robinhood LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Robinhood YouTube Channel|
|Find Out More||
Robinhood 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.
In this part of our comparison of IC Markets and Robinhood we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than 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. 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 Robinhood - 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 recognised awards for IC Markets below.
|At the time of writing this Robinhood review, and despite Robinhood’s impressive offering, the company has surprisingly not garnered any awards to date.|
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IC Markets vs Robinhood - Frequently Asked Questions
IC Markets vs Robinhood - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Robinhood was founded in 2013 and has its head office in USA.
What is the minimum deposit for Robinhood or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Robinhood is $0.
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 Robinhood are a good choice.
IC Markets vs Robinhood - 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).
Robinhood is regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC).
Both IC Markets and Robinhood have a strong set of rules for ensuring honest trading on their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Robinhood Commission And Fees
IC Markets and Robinhood are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't 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 prices of varying rates for various services to earn money. There are primarily three types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ 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. Financing or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They are charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or Robinhood charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and Robinhood are relatively higher. As a result, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs Robinhood review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Robinhood
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What Languages Do IC Markets And Robinhood Support?
Being able to talk completely with your trading platform is a key element when comparing online brokers to find your perfect 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.
Here you will find the languages that both IC Markets and Robinhood offer communication in.
How Many Clients Do IC Markets and Robinhood Have?
Both IC Markets and Robinhood are well established with their client base. It is really 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 Robinhood have
|Clients / Users||60,000+||10,000,000+|
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What Payment Methods Do IC Markets and Robinhood Accept?
IC Markets and Robinhood 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 Robinhood
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What Can You Trade With IC Markets and Robinhood?
IC Markets offers 232 trading instruments while Robinhood offers 5000.
Below you will find a full breakdown of what both IC Markets and Robinhood offer.
IC Markets Review
IC Markets vs Robinhood:
Table Of Contents
- Compare IC Markets vs Robinhood
- Benefits of IC Markets and Robinhood Compared
- Robinhood and IC Markets Mobile App Comparison
- IC Markets vs Robinhood - Awards
- IC Markets vs Robinhood - Frequently Asked Questions
- What is the minimum deposit for Robinhood or IC Markets
- IC Markets vs Robinhood - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Robinhood
- What Languages Do IC Markets And Robinhood Support?
- How Many Clients Do IC Markets and Robinhood Have?
- What Payment Methods Do IC Markets and Robinhood Accept?
- What Can You Trade With IC Markets and Robinhood?