IC Markets vs Spreadex, for 2023
Read our In-Depth IC Markets vs Spreadex Review - Updated for 2023
This IC Markets vs Spreadex 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 Spreadex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Spreadex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Spreadex
Every online trading system will have some pros and cons, and no IC Markets and Spreadex review would be complete without showing both sides. Compare IC Markets and Spreadex 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.
So you are looking for an online trading platform and are choosing between IC Markets or Spreadex. Who should you choose?
Our IC Markets vs Spreadex comparison contains the most recent information so you can easily compare Spreadex against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of broker since you continue trading. For starters, you have to select the right agent who will be clear 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 Spreadex are just two such platforms which will take you and your investment to great heights. It's important that you compare IC Markets vs Spreadex before you trust them with your money.
Our IC Markets vs Spreadex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Spreadex side by side.
Our entire IC Markets vs Spreadex Review covers everything you need to know about trading using either IC Markets or Spreadex. A good agent can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It is a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and Spreadex are both brokers which have forged their way successfully to the broker world. Within this review, we've attempted to collate some of the important aspects of both IC Markets and Spreadex. This review will help you to understand whether either Spreadex or IC Markets is a fantastic match for your own investments or not. We have tried to breakdown all of the features and fees for your advantage.
Benefits of IC Markets and Spreadex Compared
IC Markets offers a minimum deposit of $200 while Spreadex has a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Spreadex 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 Spreadex has around 232 on their platform.
The more financial instruments you can trade on the IC Markets and Spreadex 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 Spreadex.
IC Markets and Spreadex Contact Details
Being able to contact a broker simply is vital. IC Markets and Spreadex have the following contact details and social medias that you can use.
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| Broker | IC Markets | Spreadex |
| Telephone Number | +248 467 19 76 | +44 01727 895 000 |
| support@icmarkets.com | info@spreadex.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | Churchill House, Upper Marlborough Road, St Albans, Hertfordshire, AL1 3UU |
| IC Markets Twitter Account | Spreadex Twitter Account | |
| IC Markets Facebook Page | Spreadex Facebook Page | |
| IC Markets Instagram Account | Spreadex Instagram Account | |
| IC Markets LinkedIn Page | Spreadex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Spreadex YouTube Channel |
| Find Out More |
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Spreadex 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 Spreadex will examine whether their mobile app meets all our requirements.
Overall, we rate 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.
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 Spreadex - Awards
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| Broker | IC Markets | Spreadex |
| Awards |
IC Markets have won many industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for IC Markets here.
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Spreadex have won a lot of industry awards over the time they have been operating as an online trading platform. We show the most notable awards for Spreadex here.
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IC Markets vs Spreadex - Frequently Asked Questions
IC Markets vs Spreadex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Spreadex was founded in 1999 and has its head office in UK.
What is the minimum deposit for Spreadex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Spreadex 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 Spreadex are a good choice.
IC Markets vs Spreadex - 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).
Spreadex is regulated by Financial Conduct Authority (FCA), registration number 190941.
Both IC Markets and Spreadex have a strong collection of rules for ensuring fair trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs Spreadex Commission And Fees
IC Markets and Spreadex are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither IC Markets or Spreadex charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by IC Markets and Spreadex are relatively competitive. As a result, you are charged more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This IC Markets vs Spreadex review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Spreadex
What Languages Do IC Markets And Spreadex Support?
Being able to chat easily with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure 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 Spreadex offer communication in.
How Many Clients Do IC Markets and Spreadex Have?
Both IC Markets and Spreadex are well known and trusted. It is important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and Spreadex have
What Payment Methods Do IC Markets and Spreadex Accept?
IC Markets and Spreadex 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 Spreadex
What Can You Trade With IC Markets and Spreadex?
IC Markets offers 232 trading instruments while Spreadex offers 15,000.
Below you will find a full breakdown of what both IC Markets and Spreadex offer.
Compare IC Markets To All Other Brokers
Compare Spreadex To All Other Brokers