IC Markets vs Saxo Markets, Updated for 2022
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IC Markets Rating: 8.34 / 10 |
Saxo Markets Rating: 4.38 / 10 |
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Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs Saxo Markets Guide |
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Read our In-Depth IC Markets vs Saxo Markets Review - 2022 Update
This IC Markets vs Saxo Markets 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 Saxo Markets review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Saxo Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between IC Markets or Saxo Markets. Who should you choose?
This IC Markets vs Saxo Markets review contains the latest information so you can easily compare Saxo Markets against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will get proficient at all of the concepts of broker since you continue trading. For starters, you need to select the right agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Saxo Markets are two such stages which will take you and your investment into great heights. It's crucial that you compare IC Markets vs Saxo Markets until you trust them with your money.
Our IC Markets vs Saxo Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Saxo Markets side by side.
Our entire IC Markets vs Saxo Markets Review covers all you will need to know about trading with either IC Markets or Saxo Markets. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you choose them. It is a frequent misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and Saxo Markets are both brokers which have paved their way successfully into the broker world. In this review, we've tried to collate some of the important facets of both IC Markets and Saxo Markets. This review can allow you to know whether either Saxo Markets or IC Markets is a good match for your own investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Compare IC Markets vs Saxo Markets
Every online trading system has a few pros and cons, and no IC Markets and Saxo Markets review would be complete without showing both sides. Compare IC Markets and Saxo Markets to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of IC Markets and Saxo Markets Compared
IC Markets has a minimum deposit of $200 while Saxo Markets offers a $6500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Saxo 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 allows you to trade around 232 financial instruments whilst Saxo Markets allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and Saxo 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Saxo Markets.
IC Markets and Saxo Markets Contact Details
Being able to contact your broker simply is vital. IC Markets and Saxo Markets have the following contact details and social medias that you can use.
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| Broker | IC Markets | Saxo Markets |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Saxo Markets Twitter Account | |
| IC Markets Facebook Page | Saxo Markets Facebook Page | |
| IC Markets Instagram Account | Saxo Markets Instagram Account | |
| IC Markets LinkedIn Page | Saxo Markets LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Saxo Markets YouTube Channel |
| Find Out More |
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Saxo 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.
This part of comparing IC Markets and Saxo Markets will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both 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.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 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 Saxo Markets - Awards
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| Broker | IC Markets | Saxo Markets |
| Awards |
IC Markets have won numerous industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for IC Markets below.
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At the time of writing this Saxo Markets review, and despite Saxo Markets’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Saxo Markets - Frequently Asked Questions
IC Markets vs Saxo Markets - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Saxo Markets was founded in 2012 and has its headquaters in Denmark.
What is the minimum deposit for Saxo Markets or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Saxo Markets is $6500.
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 Saxo Markets are a good choice.
IC Markets vs Saxo 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).
Saxo Markets is regulated by Financial Conduct Authority (FCA).
Both IC Markets and Saxo Markets have a powerful collection of rules for ensuring honest trading on their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Saxo Markets Commission And Fees
IC Markets and Saxo Markets are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the rates 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. Financing or overnight rates are people who are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or Saxo Markets charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, such as daily or weekly trading.
But, non-trading fees billed by IC Markets and Saxo Markets are relatively competitive. Consequently, you are billed more for non-trading actions in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs Saxo Markets review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Saxo Markets
What Languages Do IC Markets And Saxo Markets Support?
Being able to chat completely with your trading platform is a key part of comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both IC Markets and Saxo Markets support.
How Many Clients Do IC Markets and Saxo Markets Have?
Both IC Markets and Saxo Markets are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IC Markets and Saxo Markets are active on their platform
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| Broker | IC Markets | Saxo Markets |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and Saxo Markets Accept?
IC Markets and Saxo 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 Saxo Markets
What Can You Trade With IC Markets and Saxo Markets?
IC Markets offers 232 trading instruments whilst Saxo Markets offers 100.
Below you will find a full breakdown of what both IC Markets and Saxo Markets offer.
Compare IC Markets To All Other Brokers
Compare Saxo Markets To All Other Brokers
