IC Markets vs Startrader, Who's Better?
Read our In-Depth IC Markets vs Startrader Review - Updated for 2023
This comprehensive analysis of IC Markets and Startrader has been updated for 2023 by knowledgeable insiders with significant expertise in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Startrader does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Startrader Excluded Countries
United States of America,
Compare IC Markets vs Startrader
Each trading platforms will have certain ups and downs, and a complete review of IC Markets and Startrader should not be complete without having an objective perspective.
Examine IC Markets and Startrader to understand just how these platforms compare against each prior to you choose to open an account. A comprehensive comparison can bring aspects into perspective to ensure that you're aware of the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or Startrader. Which one is best in 2023?
Our IC Markets vs Startrader comparison contains the most recent information so you can easily compare Startrader against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You will get adept at all the concepts of broker since you keep trading. For starters, you have to choose the right agent who'll 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 lead investment program has the potential to generate hefty returns. IC Markets and Startrader are just two such companies that will take you and your investment into great heights. It is crucial that you compare IC Markets vs Startrader until you trust them with your cash.
Our IC Markets vs Startrader comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Startrader side by side.
Our entire IC Markets vs Startrader Review covers everything you need to learn about trading with either IC Markets or Startrader. A good broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It's a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and Startrader are both brokers which have paved their way successfully into the brokerage world. In this review, we have tried to collate a number of the vital facets of both IC Markets and Startrader. This review will help you to understand whether either Startrader or IC Markets is a good fit for your investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Benefits of IC Markets and Startrader Compared
IC Markets offers a minimum deposit of $200 while Startrader offers a $50 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Startrader 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 Startrader has around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Startrader 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 Startrader.
IC Markets and Startrader Contact Details
Being able to contact a broker simply is a sign of a professional broker. IC Markets and Startrader have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+86 4001 201725|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||Flat/Rm A, 12/F, ZJ300, 300 Lockhart Road, Wan Chai, Hong Kong|
|IC Markets Twitter Account||Startrader Twitter Account|
|IC Markets Facebook Page||Startrader Facebook Page|
|IC Markets Instagram Account||Startrader Instagram Account|
|IC Markets LinkedIn Page||Startrader LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Startrader YouTube Channel|
|Find Out More||
Startrader 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 Startrader we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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 Startrader - Awards
IC Markets have won several industry awards over the time they have been running as an online trading platform. We show the most notable awards for IC Markets here.
|At the time of writing this Startrader review, and despite Startrader’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
IC Markets vs Startrader - Frequently Asked Questions
IC Markets vs Startrader - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Startrader was founded in 2011 and has its head office in Hong Kong.
What is the minimum deposit for Startrader or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Startrader is $50.
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 Startrader are a good choice.
IC Markets vs Startrader - 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).
Startrader is regulated by Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA).
Both IC Markets and Startrader have a powerful collection of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, 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 Startrader Commission And Fees
IC Markets and Startrader are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled better. In other words, an online broker is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you're paying a spread, funding rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for longer than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or Startrader charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly trade, such as weekly or daily trading.
However, non-trading fees charged by IC Markets and Startrader are relatively greater. As a result, you are charged more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.
This IC Markets vs Startrader review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Startrader
What Languages Do IC Markets And Startrader Support?
Being able to chat completely with your online platform is a key way of comparing online brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both IC Markets and Startrader offer communication in.
How Many Clients Do IC Markets and Startrader Have?
Both IC Markets and Startrader are well established with their client base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users IC Markets and Startrader have
What Payment Methods Do IC Markets and Startrader Accept?
IC Markets and Startrader 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 Startrader
What Can You Trade With IC Markets and Startrader?
IC Markets offers 232 trading instruments whilst Startrader offers 170.
Below you will find a full breakdown of what both IC Markets and Startrader offer.
IC Markets Review
IC Markets vs Startrader:
Table Of Contents
- Compare IC Markets vs Startrader
- Benefits of IC Markets and Startrader Compared
- Startrader and IC Markets Mobile App Comparison
- IC Markets vs Startrader - Awards
- IC Markets vs Startrader - Frequently Asked Questions
- What is the minimum deposit for Startrader or IC Markets
- IC Markets vs Startrader - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Startrader
- What Languages Do IC Markets And Startrader Support?
- How Many Clients Do IC Markets and Startrader Have?
- What Payment Methods Do IC Markets and Startrader Accept?
- What Can You Trade With IC Markets and Startrader?