IC Markets vs Skilling, Updated for 2024

Compare IC Markets vs Skilling

Each trading platforms has some pros and cons, so any comprehensive analysis of IC Markets vs Skilling would not be regarded as thorough without embracing a balanced approach.

Compare IC Markets and Skilling to get a better understanding of the way they compare against each other prior to you choose to create an account. Performing a comprehensive comparison will bring aspects into perspective so that you remain cognizant of the expectations.

So you are looking for a professional broker and are choosing between IC Markets or Skilling. Who should you choose?

Our IC Markets vs Skilling comparison contains the most recent information so you can easily compare Skilling against IC Markets.

If you're a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to select the right agent who'll 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 lead investment plan has the potential to create hefty returns. IC Markets and Skilling are two such stages which will take you along with your investment into great heights. It's crucial that you compare IC Markets vs Skilling before you trust them with your money.

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 all you will need to learn about trading with either IC Markets or Skilling. A good broker can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments at risk.

IC Markets and Skilling are both brokers which have paved their way successfully into the brokerage world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and Skilling. This review will help you to know whether either Skilling or IC Markets is a good fit for your own investments or not. We have tried to breakdown all the features and fees for your advantage.

Benefits of IC Markets and Skilling Compared

IC Markets has 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 while Skilling allows you to trade around 232 financial instruments on their platform.

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 seriously do not 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 your broker easily is important. IC Markets and Skilling have the following contact details and social medias that you can use.

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.

In this part of our comparison of IC Markets and Skilling 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 the average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

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 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

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 head office 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 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 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 fair trading onto their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).

In accordance with their privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs Skilling Commission And Fees

IC Markets and Skilling are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of clients they have.

However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of fees for this objective.

The first kind of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you are spending a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for more than daily.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or Skilling charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who often trade, for example weekly or daily trading.

But, non-trading fees charged by IC Markets and Skilling are comparatively greater. As a result, you're billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of assets.

This IC Markets vs Skilling review for 2024 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 communicate easily with your online broker is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.

Here you can find the languages that both IC Markets and Skilling offer communication in.

How Many Clients Do IC Markets and Skilling Have?

Both IC Markets and Skilling are well established with their customer base. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many customers IC Markets and Skilling are active on their platform

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 whilst Skilling offers 100.

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