IC Markets vs TopForex, for 2023
IC Markets Rating
Losses can exceed deposits
Losses can exceed deposits
IC Markets vs TopForex Guide
Read our In-Depth IC Markets vs TopForex Review - 2023 Update
Our comprehensive analysis of IC Markets and TopForex has been revised to reflect any changes for 2023 from seasoned professionals with significant expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs TopForex does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
TopForex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs TopForex
All online trading platforms has a few advantages and disadvantages, so a complete IC Markets and TopForex review cannnot be regarded as thorough without having a fair assessment.
Examine IC Markets and TopForex to get a better understanding of how they compare with one another before you decide to create an account. Performing a side-by-side comparison will bring aspects into perspective in order that you remain aware of what you should anticipate.
So you are looking for a broker and are choosing between IC Markets or TopForex. Which one is best in 2023?
This IC Markets vs TopForex comparison contains the most recent information so you can easily compare TopForex against IC Markets.
If you are a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You will get proficient at all the concepts of broker since you keep trading. For starters, you need to select the right agent who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and TopForex are two such stages that will take you along with your investment to great heights. It is crucial to compare IC Markets vs TopForex before you trust them with your money.
Our IC Markets vs TopForex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and TopForex side by side.
Our full IC Markets vs TopForex Review covers all you need to know about trading with either IC Markets or TopForex. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to earn profits, you should trade with a broker service that aligns with your investment goals.
There is no sure-fire method to ensure profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and TopForex are both brokers which have forged their way successfully into the brokerage world. In this review, we've tried to collate a number of the important aspects of both IC Markets and TopForex. This review can help you to understand whether either TopForex 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 TopForex Compared
IC Markets has a minimum deposit of $200 while TopForex offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and TopForex 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 TopForex has around 232 on their platform.
The more financial instruments you can trade on the IC Markets and TopForex 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 TopForex.
IC Markets and TopForex Contact Details
Being able to contact your broker easily is vital. IC Markets and TopForex have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||TopForex Twitter Account|
|IC Markets Facebook Page||TopForex Facebook Page|
|IC Markets Instagram Account||TopForex Instagram Account|
|IC Markets LinkedIn Page||TopForex LinkedIn Page|
|YouTube||IC Markets YouTube Channel||TopForex YouTube Channel|
|Find Out More||
TopForex 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.
This part of comparing IC Markets and TopForex will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both 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.
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 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 TopForex - Awards
IC Markets have won a lot of industry awards over the years they have been running as an online broker. We detail the most recognised awards for IC Markets here.
|At the time of writing this TopForex review, and despite TopForex’s impressive offering, the company has surprisingly not garnered any awards to date.|
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IC Markets vs TopForex - Frequently Asked Questions
IC Markets vs TopForex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
TopForex was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for TopForex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for TopForex 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 TopForex are a good choice.
IC Markets vs TopForex - 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).
TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and TopForex have a powerful set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs TopForex Commission And Fees
IC Markets and TopForex are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are people who are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They're billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or TopForex charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by IC Markets and TopForex are relatively greater. As a result, you're billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This IC Markets vs TopForex review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And TopForex
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What Languages Do IC Markets And TopForex Support?
Being able to communicate easily with your trading broker is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find the languages that both IC Markets and TopForex support.
|Languages Supported||English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more||English, and Chinese|
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How Many Clients Do IC Markets and TopForex Have?
Both IC Markets and TopForex 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 customers IC Markets and TopForex have
|Clients / Users||60,000+||10,000+|
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What Payment Methods Do IC Markets and TopForex Accept?
IC Markets and TopForex 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 TopForex
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What Can You Trade With IC Markets and TopForex?
IC Markets offers 232 trading instruments whilst TopForex offers 100.
Below you will find a full breakdown of what both IC Markets and TopForex offer.
IC Markets Review
IC Markets vs TopForex:
Table Of Contents
- Compare IC Markets vs TopForex
- Benefits of IC Markets and TopForex Compared
- TopForex and IC Markets Mobile App Comparison
- IC Markets vs TopForex - Awards
- IC Markets vs TopForex - Frequently Asked Questions
- What is the minimum deposit for TopForex or IC Markets
- IC Markets vs TopForex - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And TopForex
- What Languages Do IC Markets And TopForex Support?
- How Many Clients Do IC Markets and TopForex Have?
- What Payment Methods Do IC Markets and TopForex Accept?
- What Can You Trade With IC Markets and TopForex?