IC Markets vs UFX, Who's Better?
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs UFX Guide
Read our In-Depth IC Markets vs UFX Review - for 2024
This review comparing IC Markets and UFX has been revised to reflect any changes for 2024 from industry experts boasting considerable expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs UFX does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
UFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs UFX
Each online trading platforms will have some ups and downs, and any comprehensive IC Markets and UFX review should not be regarded as thorough without adopting a balanced approach.
Examine IC Markets and UFX in order to understand just how these platforms line up against each other prior to you make an account. Conducting a comprehensive comparison can put things into perspective to ensure that you are informed about the expectations.
So you are looking for an online trading platform and are choosing between IC Markets or UFX. Who is better in 2024?
Our IC Markets vs UFX comparison contains the latest information so you can easily compare UFX against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will acquire adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and UFX are two such companies which will take you along with your investment to great heights. It is important to compare IC Markets vs UFX until you trust them with your money.
Our IC Markets vs UFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and UFX side by side.
Our entire IC Markets vs UFX Review covers everything you will need to know about trading with either IC Markets or UFX. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and UFX are both brokers that have forged their way successfully to the brokerage world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and UFX. This review can allow you to understand whether either UFX or IC Markets is a good fit for your investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and UFX Compared
IC Markets offers a minimum deposit of $200 while UFX has a $500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and UFX 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 while UFX has around 232 available.
The more financial instruments you can trade on the IC Markets and UFX 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 UFX.
IC Markets and UFX Contact Details
Being able to contact your broker easily is a sign of a professional broker. IC Markets and UFX have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|UFX Twitter Account
|IC Markets Facebook Page
|UFX Facebook Page
|IC Markets Instagram Account
|UFX Instagram Account
|IC Markets LinkedIn Page
|UFX LinkedIn Page
|IC Markets YouTube Channel
|UFX YouTube Channel
|Find Out More
UFX 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 UFX will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. 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 UFX - Awards
IC Markets have won a lot of industry awards over the years they have been operating as an online broker. We show the most recognised awards for IC Markets here.
|At the time of writing this UFX review, and despite UFX’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs UFX - Frequently Asked Questions
IC Markets vs UFX - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
UFX was founded in 2007 and has its headquaters in Republic of Vanuatu.
What is the minimum deposit for UFX or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for UFX is $500.
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 UFX are a good choice.
IC Markets vs UFX - 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).
UFX is regulated by Cyprus Securities and Exchange Commission (CySEC).
Both IC Markets and UFX have a strong collection of rules for ensuring honest trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs UFX Commission And Fees
IC Markets and UFX are online brokerage platforms, and most online brokerages charge lower fees 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 isn't necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, financing rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or UFX charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and UFX are comparatively higher. Consequently, you are charged more for non-trading activities on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This IC Markets vs UFX review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And UFX
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What Languages Do IC Markets And UFX Support?
Being able to chat easily with your trading platform is a key element when 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 all the languages that both IC Markets and UFX offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and UFX Have?
Both IC Markets and UFX are well established with their customer base. It is important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers IC Markets and UFX are active on their platform
|Clients / Users
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What Payment Methods Do IC Markets and UFX Accept?
IC Markets and UFX 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 UFX
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What Can You Trade With IC Markets and UFX?
IC Markets offers 232 trading instruments whilst UFX offers 100.
Below you will find a full breakdown of what both IC Markets and UFX offer.
IC Markets Review
IC Markets vs UFX:
Table Of Contents
- Compare IC Markets vs UFX
- Benefits of IC Markets and UFX Compared
- UFX and IC Markets Mobile App Comparison
- IC Markets vs UFX - Awards
- IC Markets vs UFX - Frequently Asked Questions
- What is the minimum deposit for UFX or IC Markets
- IC Markets vs UFX - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And UFX
- What Languages Do IC Markets And UFX Support?
- How Many Clients Do IC Markets and UFX Have?
- What Payment Methods Do IC Markets and UFX Accept?
- What Can You Trade With IC Markets and UFX?