IC Markets vs Virtual Brokers, Updated for 2023

Compare IC Markets vs Virtual Brokers

Every trading platforms will have a few advantages and disadvantages, so a complete IC Markets and Virtual Brokers review cannnot be regarded as thorough without adopting a balanced approach.

Compare Virtual Brokers and IC Markets in order to understand just how these platforms stack up to each prior to you decide to open an account. A comparative analysis will put things in perspective in order that you're aware of what you should anticipate.

So you are looking for a broker and are choosing between IC Markets or Virtual Brokers. Who is better in 2023?

Our IC Markets vs Virtual Brokers comparison contains the latest information so you can easily compare Virtual Brokers against IC Markets.

If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will acquire adept at all the concepts of brokerage as you continue trading. For starters, you have to select the right agent who'll be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and Virtual Brokers are two such companies that will take you and your investment into great heights. It's important that you compare IC Markets vs Virtual Brokers before you trust them with your cash.

Our IC Markets vs Virtual Brokers comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Virtual Brokers side by side.

Our entire IC Markets vs Virtual Brokers Review covers everything you will need to learn about trading using either IC Markets or Virtual Brokers. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment objectives.

There's absolutely no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and Virtual Brokers are both brokers that have forged their way successfully into the broker world. In this review, we've tried to collate a number of the important facets of both IC Markets and Virtual Brokers. This review will allow you to understand whether either Virtual Brokers or IC Markets is a good fit for your own investments or not. We've tried to breakdown all of the features and charges for your convenience.

Benefits of IC Markets and Virtual Brokers Compared

IC Markets has a minimum deposit of $200 while Virtual Brokers offers a $1000 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Virtual Brokers 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 Virtual Brokers has around 232 financial instruments available.

The more financial instruments you can trade on the IC Markets and Virtual Brokers 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 Virtual Brokers.

IC Markets and Virtual Brokers Contact Details

Being able to contact a broker easily is important. IC Markets and Virtual Brokers have the following contact details and social medias that you can use.

Virtual Brokers 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 Virtual Brokers 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

While most brokers are good at this, there are some poor ones. 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 Virtual Brokers - Awards

IC Markets vs Virtual Brokers - Frequently Asked Questions

IC Markets vs Virtual Brokers - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

Virtual Brokers was founded in 2008 and has its headquaters in Canada.

What is the minimum deposit for Virtual Brokers or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Virtual Brokers is $1000.

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 Virtual Brokers are a good choice.

IC Markets vs Virtual Brokers - 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).

Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF).

Both IC Markets and Virtual Brokers have a strong set of rules for ensuring fair trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs Virtual Brokers Commission And Fees

IC Markets and Virtual Brokers are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of clients they have.

But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of fees for this purpose.

The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you are paying a spread, financing rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for longer than daily.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.

Generally, neither IC Markets or Virtual Brokers charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees charged by IC Markets and Virtual Brokers are relatively competitive. As a result, you are charged more for non-trading activities in your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of assets.

This IC Markets vs Virtual Brokers review for 2023 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Virtual Brokers

What Languages Do IC Markets And Virtual Brokers Support?

Being able to chat completely with your trading platform is a key element when comparing brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.

Here you will find the languages that both IC Markets and Virtual Brokers support.

How Many Clients Do IC Markets and Virtual Brokers Have?

Both IC Markets and Virtual Brokers are well known and trusted. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.

Below you will find details of how many customers IC Markets and Virtual Brokers are working with

What Payment Methods Do IC Markets and Virtual Brokers Accept?

IC Markets and Virtual Brokers 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 Virtual Brokers

What Can You Trade With IC Markets and Virtual Brokers?

IC Markets offers 232 trading instruments whilst Virtual Brokers offers 250.

Below you will find a full breakdown of what both IC Markets and Virtual Brokers offer.