IC Markets vs Saxo Markets, Who's Better?
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IC Markets Rating
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Saxo Markets Rating
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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 - Updated for 2023
This IC Markets vs Saxo Markets review has been updated for 2023 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.
Compare IC Markets vs Saxo Markets
Every online trading system has some ups and downs, 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 stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between IC Markets or Saxo Markets. Which one is best in 2023?
Our IC Markets vs Saxo Markets comparison contains the latest information so you can easily compare Saxo Markets against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Saxo Markets are two such platforms which will take you and your investment into great heights. It is important that you compare IC Markets vs Saxo Markets before 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 full IC Markets vs Saxo Markets Review covers all you need to learn about trading with either IC Markets or Saxo Markets. A good agent can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
IC Markets and Saxo Markets are both brokers which have forged their way successfully to the broker world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and Saxo Markets. This review can help you to understand whether either Saxo Markets or IC Markets is a fantastic fit for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.
Benefits of IC Markets and Saxo Markets Compared
IC Markets offers 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 has around 232 financial instruments whilst Saxo Markets allows you to trade around 232 available.
The more financial instruments you can trade on the IC Markets and Saxo 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 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 an online trading platform simply is a sign of a professional broker. 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 |
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Saxo 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.
In this part of our comparison of IC Markets and Saxo Markets we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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. 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 a lot of industry awards over the time they have been running as an online trading platform. We detail the most recognised 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 headquaters in Australia.
Saxo Markets was founded in 2012 and has its head office 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 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 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 set of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Saxo Markets Commission And Fees
IC Markets and Saxo Markets are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the number of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three types of penalties for this purpose.
The first sort of charges to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you're paying a spread, funding rate, 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 quantity. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or Saxo Markets charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often exchange, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and Saxo Markets are comparatively lower. As a result, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.
This IC Markets vs Saxo Markets review for 2023 breaks down each of the applicable non-trading fees 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 communicate completely with your online platform is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Below you can find all the languages that both IC Markets and Saxo Markets offer communication in.
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 a broker you can trust 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 Saxo Markets have
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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 and 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