IC Markets vs Traders Trust, Who's The Best?
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IC Markets Rating
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Traders Trust Rating
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Losses can exceed deposits |
Losses can exceed deposits |
IC Markets vs Traders Trust Guide |
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Read our In-Depth IC Markets vs Traders Trust Review - Updated for 2023
This IC Markets vs Traders Trust 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 Traders Trust review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Traders Trust Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Traders Trust
Every online trading system has a few ups and downs, and no IC Markets and Traders Trust review would be complete without showing both sides. Compare IC Markets and Traders Trust to understand how they stack 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 a broker and are choosing between IC Markets or Traders Trust. Which one is best in 2023?
Our IC Markets vs Traders Trust comparison contains the most recent information so you can easily compare Traders Trust against IC Markets.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of brokerage as you continue trading. For starters, you have 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 guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Traders Trust are just two such companies which will take you along with your investment to great heights. It is crucial that you compare IC Markets vs Traders Trust before you trust them with your cash.
Our IC Markets vs Traders Trust comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Traders Trust side by side.
Our entire IC Markets vs Traders Trust Review covers all you need to know about trading using either IC Markets or Traders Trust. A good agent can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
IC Markets and Traders Trust are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate some of the important facets of both IC Markets and Traders Trust. This review can allow you to understand whether either Traders Trust or IC Markets is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and Traders Trust Compared
IC Markets offers a minimum deposit of $200 while Traders Trust has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Traders Trust 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 Traders Trust allows you to trade around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Traders Trust trading 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or Traders Trust.
IC Markets and Traders Trust Contact Details
Being able to contact a broker simply is vital. IC Markets and Traders Trust have the following contact details and social medias that you can use.
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| Broker | IC Markets | Traders Trust |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Traders Trust Twitter Account | |
| IC Markets Facebook Page | Traders Trust Facebook Page | |
| IC Markets Instagram Account | Traders Trust Instagram Account | |
| IC Markets LinkedIn Page | Traders Trust LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Traders Trust YouTube Channel |
| Find Out More |
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Traders Trust 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.
In this part of our comparison of IC Markets and Traders Trust we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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
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 Traders Trust - Awards
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| Broker | IC Markets | Traders Trust |
| Awards |
IC Markets have won many industry awards over the years they have been operating as a financial broker. We detail the most notable awards for IC Markets here.
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At the time of writing this Traders Trust review, and despite Traders Trust’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Traders Trust - Frequently Asked Questions
IC Markets vs Traders Trust - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Traders Trust was founded in 1998 and has its head office in Cyprus.
What is the minimum deposit for Traders Trust or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Traders Trust 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 Traders Trust are a good option.
IC Markets vs Traders Trust - 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).
Traders Trust is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Netherlands Authority for the Financial Markets (AFM), Financial Services Authority (FSA).
Both IC Markets and Traders Trust have a powerful set of rules for ensuring fair trading on their individual platforms. For data encryption purposes, 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. This includes credit history and other financial information.
Compare IC Markets vs Traders Trust Commission And Fees
IC Markets and Traders Trust 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 trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three different 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're billed trading charges. In these instances, you're spending a spread, financing speed, or even a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people that are billed when you maintain a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither IC Markets or Traders Trust 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 smaller amount. This is beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and Traders Trust are comparatively greater. As a result, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.
This IC Markets vs Traders Trust review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Traders Trust
What Languages Do IC Markets And Traders Trust Support?
Being able to chat easily with your online platform is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both IC Markets and Traders Trust support.
How Many Clients Do IC Markets and Traders Trust Have?
Both IC Markets and Traders Trust are well known and trusted. It is really important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients IC Markets and Traders Trust have
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| Broker | IC Markets | Traders Trust |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do IC Markets and Traders Trust Accept?
IC Markets and Traders Trust 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 Traders Trust
What Can You Trade With IC Markets and Traders Trust?
IC Markets offers 232 trading instruments and Traders Trust offers 100.
Below you will find a full breakdown of what both IC Markets and Traders Trust offer.
Compare IC Markets To All Other Brokers
Compare Traders Trust To All Other Brokers