IC Markets vs Skilling, Who's Better?
Read our In-Depth IC Markets vs Skilling Review - for 2023
This IC Markets vs Skilling 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 Skilling review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Skilling Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Skilling
Every online trading platform has a few pros and cons, and no IC Markets and Skilling review would be complete without showing both sides. Compare IC Markets and Skilling to understand how they line up against each other before you make 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 broker and are choosing between IC Markets or Skilling. Who is better in 2023?
This IC Markets vs Skilling comparison contains the most recent information so you can easily compare Skilling against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of brokerage as you continue trading. For starters, you need to select the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Skilling are just two such platforms which will take you along with your investment to great heights. It is important that you compare IC Markets vs Skilling before you trust them with your cash.
Our IC Markets vs Skilling comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Skilling side by side.
Our entire IC Markets vs Skilling Review covers everything you need to learn about trading using either IC Markets or Skilling. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and Skilling are both brokers which have forged their way successfully into the broker world. Within this review, we've attempted to collate some of the vital aspects of both IC Markets and Skilling. This review can allow you to understand whether either Skilling or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and Skilling Compared
IC Markets offers a minimum deposit of $200 while Skilling has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Skilling 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 Skilling allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and Skilling 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 Skilling.
IC Markets and Skilling Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. IC Markets and Skilling have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | IC Markets | Skilling |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Skilling Twitter Account | |
| IC Markets Facebook Page | Skilling Facebook Page | |
| IC Markets Instagram Account | Skilling Instagram Account | |
| IC Markets LinkedIn Page | Skilling LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Skilling YouTube Channel |
| Find Out More |
|
|
Skilling 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 Skilling will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as Better than the 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs Skilling - Awards
|
|
||
|---|---|---|
| Broker | IC Markets | Skilling |
| Awards |
IC Markets have won numerous industry awards over the time they have been running as an online broker. We list the most recognised awards for IC Markets below.
|
At the time of writing this Skilling review, and despite Skilling’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
IC Markets vs Skilling - Frequently Asked Questions
IC Markets vs Skilling - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Skilling was founded in 2016 and has its head office in Cyprus.
What is the minimum deposit for Skilling or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Skilling is $100.
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 Skilling are a good choice.
IC Markets vs Skilling - 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).
Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042.
Both IC Markets and Skilling have a strong collection of rules for ensuring honest trading on their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Skilling Commission And Fees
IC Markets and Skilling are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of customers they have.
However, this does not 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 mainly 3 types of penalties for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or Skilling charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who often exchange, for example weekly or daily trading.
However, non-trading fees billed by IC Markets and Skilling are relatively lower. Consequently, you're charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of resources.
This IC Markets vs Skilling review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Skilling
What Languages Do IC Markets And Skilling Support?
Being able to chat completely with your trading platform is a key part of comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you can find the languages that both IC Markets and Skilling support.
How Many Clients Do IC Markets and Skilling Have?
Both IC Markets and Skilling are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients IC Markets and Skilling have
What Payment Methods Do IC Markets and Skilling Accept?
IC Markets and Skilling 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 Skilling
What Can You Trade With IC Markets and Skilling?
IC Markets offers 232 trading instruments while Skilling offers 100.
Below you will find a full breakdown of what both IC Markets and Skilling offer.
Compare IC Markets To All Other Brokers
Compare Skilling To All Other Brokers