IC Markets vs UFX, Who's The Best?
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IC Markets Rating: 8.34 / 10 |
UFX Rating: 4.73 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs UFX Guide |
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Read our In-Depth IC Markets vs UFX Review - 2022 Update
This IC Markets vs UFX review has been updated for 2022 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 UFX review 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.
So you are looking for a professional broker and are choosing between IC Markets or UFX. Which one is best in 2022?
This IC Markets vs UFX review 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 brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire adept at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and UFX are two such platforms that will take you along with your investment to great heights. It is crucial that you compare IC Markets vs UFX before 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 full IC Markets vs UFX Review covers everything you need to know about trading using either IC Markets or UFX. A fantastic broker can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire way to ensure profits; thus, you should carefully assess your broker before you select them. It is a common misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and UFX are both brokers which have found their way successfully into the brokerage world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and UFX. This review can allow you to understand whether either UFX or IC Markets is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your convenience.
Compare IC Markets vs UFX
Every online trading platform has a few ups and downs, and no IC Markets and UFX review would be complete without having a balanced approach. Compare IC Markets and UFX to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
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 allows you to trade around 232 financial instruments whilst UFX allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and UFX 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 UFX.
IC Markets and UFX Contact Details
Being able to contact your broker simply is vital. IC Markets and UFX have the following contact details and social medias that you can use.
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| Broker | IC Markets | UFX |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | 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 | |
| YouTube | IC Markets YouTube Channel | UFX YouTube Channel |
| Find Out More |
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UFX 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 UFX will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the 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.
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 UFX - Awards
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| Broker | IC Markets | UFX |
| Awards |
IC Markets have won a lot of industry awards over the years they have been running as an online broker. We show the most recognised awards for IC Markets here.
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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 |
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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 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 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 powerful collection of rules for ensuring honest trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs UFX Commission And Fees
IC Markets and UFX are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an online broker is not necessarily influenced by the number of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or UFX charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and UFX are comparatively higher. Consequently, you're billed more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't about the sale and purchase of resources.
This IC Markets vs UFX review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And UFX
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| Broker | IC Markets | UFX |
| Minimum Deposit | $200 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And UFX Support?
Being able to chat easily with your trading broker is a key way of comparing brokers 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 part of success when trading forex.
Here you will find all the languages that both IC Markets and UFX support.
How Many Clients Do IC Markets and UFX Have?
Both IC Markets and UFX are well known and trusted. It is really important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and UFX have
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| Broker | IC Markets | UFX |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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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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| Broker | IC Markets | UFX |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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What Can You Trade With IC Markets and UFX?
IC Markets offers 232 trading instruments and UFX offers 100.
Below you will find a full breakdown of what both IC Markets and UFX offer.
Compare IC Markets To All Other Brokers
Compare UFX To All Other Brokers
