IC Markets vs Velocity Trade, Who's The Best?
Read our In-Depth IC Markets vs Velocity Trade Review - 2022 Update
This IC Markets vs Velocity Trade 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 Velocity Trade review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Velocity Trade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between IC Markets or Velocity Trade. Who is better in 2022?
Our IC Markets vs Velocity Trade review contains the most recent information so you can easily compare Velocity Trade against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of broker as you continue trading. For starters, you need to choose the right agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Velocity Trade are just two such stages which will take you and your investment to great heights. It is important that you compare IC Markets vs Velocity Trade before you trust them with your money.
Our IC Markets vs Velocity Trade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Velocity Trade side by side.
Our full IC Markets vs Velocity Trade Review covers everything you need to learn about trading using either IC Markets or Velocity Trade. A good broker can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully assess your agent before you select them. It is a frequent misconception that all agents are the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
IC Markets and Velocity Trade are both brokers that have paved their way successfully to the brokerage world. In this review, we have tried to collate some of the important aspects of both IC Markets and Velocity Trade. This review can allow you to know whether either Velocity Trade or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Compare IC Markets vs Velocity Trade
Every online trading system has a few ups and downs, and no IC Markets and Velocity Trade review would be complete without having a balanced approach. Compare IC Markets and Velocity Trade to understand how they stack 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 Velocity Trade Compared
IC Markets offers a minimum deposit of $200 while Velocity Trade offers a $1 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Velocity Trade 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 Velocity Trade has around 232 financial instruments available.
The more instruments you can trade on the IC Markets and Velocity Trade 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or Velocity Trade.
IC Markets and Velocity Trade Contact Details
Being able to contact a broker through many ways is vital. IC Markets and Velocity Trade have the following contact details and social medias that you can use.
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| Broker | IC Markets | Velocity Trade |
| Telephone Number | +248 467 19 76 | +61 2 8274 2500 |
| support@icmarkets.com | sales-aus@velocitytrade.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | Suite 9.01, 95 Pitt Street, Sydney, NSW 2000, Australia |
| IC Markets Twitter Account | Velocity Trade Twitter Account | |
| IC Markets Facebook Page | Velocity Trade Facebook Page | |
| IC Markets Instagram Account | Velocity Trade Instagram Account | |
| IC Markets LinkedIn Page | Velocity Trade LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Velocity Trade YouTube Channel |
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Velocity Trade 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 Velocity Trade 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 important that any trading app has user friendly capabilities especially with the
Search Functions
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 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 Velocity Trade - Awards
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| Broker | IC Markets | Velocity Trade |
| Awards |
IC Markets have won numerous industry awards over the years they have been operating as an online broker. We list the most recognised awards for IC Markets below.
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At the time of writing this Velocity Trade review, and despite Velocity Trade’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Velocity Trade - Frequently Asked Questions
IC Markets vs Velocity Trade - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Velocity Trade was founded in 2007 and has its headquaters in Australia.
What is the minimum deposit for Velocity Trade or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Velocity Trade 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 Velocity Trade are a good option.
IC Markets vs Velocity Trade - 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).
Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263).
Both IC Markets and Velocity Trade have a powerful collection of rules for ensuring fair trading onto their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Velocity Trade Commission And Fees
IC Markets and Velocity Trade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an online broker isn't necessarily influenced by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or Velocity Trade charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and Velocity Trade are comparatively competitive. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs Velocity Trade review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Velocity Trade
What Languages Do IC Markets And Velocity Trade Support?
Being able to talk easily with your online broker is a key part of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both IC Markets and Velocity Trade offer communication in.
How Many Clients Do IC Markets and Velocity Trade Have?
Both IC Markets and Velocity Trade are well established with their customer base. It is really 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 clients IC Markets and Velocity Trade are active on their platform
What Payment Methods Do IC Markets and Velocity Trade Accept?
IC Markets and Velocity Trade 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 Velocity Trade
What Can You Trade With IC Markets and Velocity Trade?
IC Markets offers 232 trading instruments and Velocity Trade offers 249.
Below you will find a full breakdown of what both IC Markets and Velocity Trade offer.
Compare IC Markets To All Other Brokers
Compare Velocity Trade To All Other Brokers
