IC Markets vs Uphold, for 2022
Read our In-Depth IC Markets vs Uphold Review - for 2022
This IC Markets vs Uphold 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 Uphold review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
Compare IC Markets vs Uphold
Every online trading system will have a few ups and downs, and no IC Markets and Uphold review would be complete without showing both sides. Compare IC Markets and Uphold to understand how they line 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 reputable broker and are choosing between IC Markets or Uphold. Who should you choose?
This IC Markets vs Uphold comparison contains the most recent information so you can easily compare Uphold against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Uphold are just two such stages which will take you along with your investment into great heights. It's important to compare IC Markets vs Uphold until you trust them with your cash.
Our IC Markets vs Uphold comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Uphold side by side.
Our full IC Markets vs Uphold Review covers everything you need to know about trading with either IC Markets or Uphold. A good agent can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and Uphold are both brokers that have found their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important facets of both IC Markets and Uphold. This review can help you to know whether either Uphold or IC Markets is a good match for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.
Benefits of IC Markets and Uphold Compared
IC Markets has a minimum deposit of $200 while Uphold has a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Uphold 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 Uphold has around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and Uphold 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 Uphold.
IC Markets and Uphold Contact Details
Being able to contact your broker through many ways is vital. IC Markets and Uphold have the following contact details and social medias that you can use.
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| Broker | IC Markets | Uphold |
| Telephone Number | +248 467 19 76 | +1 (415) 925-2711 |
| support@icmarkets.com | support@uphold.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | 700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US |
| IC Markets Twitter Account | Uphold Twitter Account | |
| IC Markets Facebook Page | Uphold Facebook Page | |
| IC Markets Instagram Account | Uphold Instagram Account | |
| IC Markets LinkedIn Page | Uphold LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Uphold YouTube Channel |
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Uphold 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 Uphold will examine whether their mobile app meets all our requirements.
We rate overall 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
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 Uphold - Awards
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| Broker | IC Markets | Uphold |
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IC Markets have won many industry awards over the time they have been running as a financial broker. We detail the most notable awards for IC Markets here.
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At the time of writing this Uphold review, and despite Uphold’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Uphold - Frequently Asked Questions
IC Markets vs Uphold - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
Uphold was founded in 2013 and has its head office in United States.
What is the minimum deposit for Uphold or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Uphold is $1.
Depending on your needs, 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 Uphold are a good choice.
IC Markets vs Uphold - 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).
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
Both IC Markets and Uphold have a strong set of rules for ensuring fair trading on their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Uphold Commission And Fees
IC Markets and Uphold 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. In other words, an online broker is not necessarily affected by the amount of clients they have.
But this does not 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 objective.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight rates are those who are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your account. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or Uphold charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees billed by IC Markets and Uphold are comparatively greater. As a result, you are billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This IC Markets vs Uphold review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Uphold
What Languages Do IC Markets And Uphold Support?
Being able to chat easily with your online broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Below you can find the languages that both IC Markets and Uphold support.
How Many Clients Do IC Markets and Uphold Have?
Both IC Markets and Uphold are well known and trusted. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many clients IC Markets and Uphold have
What Payment Methods Do IC Markets and Uphold Accept?
IC Markets and Uphold 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 Uphold
What Can You Trade With IC Markets and Uphold?
IC Markets offers 232 trading instruments and Uphold offers 211.
Below you will find a full breakdown of what both IC Markets and Uphold offer.
Compare IC Markets To All Other Brokers
Compare Uphold To All Other Brokers