IC Markets vs Virtual Brokers, Updated for 2024
IC Markets Rating
Virtual Brokers Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Virtual Brokers Guide
Read our In-Depth IC Markets vs Virtual Brokers Review - 2024 Update
Our review comparing IC Markets and Virtual Brokers has been updated for 2024 by industry experts boasting years of financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Virtual Brokers does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Virtual Brokers Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Virtual Brokers
All platforms for online trading has some pros and cons, so any comprehensive review of IC Markets and Virtual Brokers would not be regarded as thorough without adopting an objective perspective.
Assess Virtual Brokers and IC Markets to understand the way they line up to each other before you decide to create an account. A side-by-side comparison helps to place factors into perspective so that you are cognizant of what to expect.
So you are looking for a reputable broker and are choosing between IC Markets or Virtual Brokers. Which one is best in 2024?
Our IC Markets vs Virtual Brokers comparison contains the latest information so you can easily compare Virtual Brokers against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all the concepts of broker as you continue trading. For starters, you have to select the right broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Virtual Brokers are just two such stages that will take you and your investment into great heights. It's crucial 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 full IC Markets vs Virtual Brokers Review covers everything you will need to know about trading using either IC Markets or Virtual Brokers. A good agent can multiply your initial investments and provide you positive profits. If you would like 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 assess your broker before you select them. It is a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Virtual Brokers are both brokers which have found their way successfully into the brokerage world. Within this review, we have tried to collate a number of the important aspects of both IC Markets and Virtual Brokers. This review will help you to know whether either Virtual Brokers or IC Markets is a good fit for your own investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of IC Markets and Virtual Brokers Compared
IC Markets offers 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 allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and Virtual Brokers 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 Virtual Brokers.
IC Markets and Virtual Brokers Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. IC Markets and Virtual Brokers 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
|Virtual Brokers Twitter Account
|IC Markets Facebook Page
|Virtual Brokers Facebook Page
|IC Markets Instagram Account
|Virtual Brokers Instagram Account
|IC Markets LinkedIn Page
|Virtual Brokers LinkedIn Page
|IC Markets YouTube Channel
|Virtual Brokers YouTube Channel
|Find Out More
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 both 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.
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 Virtual Brokers - Awards
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We list the most recognised awards for IC Markets below.
|At the time of writing this Virtual Brokers review, and despite Virtual Brokers’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
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 head office 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 option.
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 collection of rules for ensuring fair trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. Including 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 fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or Virtual Brokers charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, such as daily or weekly trading.
But, non-trading fees charged by IC Markets and Virtual Brokers are comparatively competitive. Consequently, you are charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of resources.
This IC Markets vs Virtual Brokers review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Virtual Brokers
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What Languages Do IC Markets And Virtual Brokers Support?
Being able to chat completely with your trading broker is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both IC Markets and Virtual Brokers support.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
|Find Out More
How Many Clients Do IC Markets and Virtual Brokers Have?
Both IC Markets and Virtual Brokers are well established with their client base. It is important to work with an online 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 Virtual Brokers are working with
|Clients / Users
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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
|Find Out More
What Can You Trade With IC Markets and Virtual Brokers?
IC Markets offers 232 trading instruments while Virtual Brokers offers 250.
Below you will find a full breakdown of what both IC Markets and Virtual Brokers offer.
IC Markets Review
IC Markets vs Virtual Brokers:
Table Of Contents
- Compare IC Markets vs Virtual Brokers
- Benefits of IC Markets and Virtual Brokers Compared
- Virtual Brokers and IC Markets Mobile App Comparison
- IC Markets vs Virtual Brokers - Awards
- IC Markets vs Virtual Brokers - Frequently Asked Questions
- What is the minimum deposit for Virtual Brokers or IC Markets
- IC Markets vs Virtual Brokers - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Virtual Brokers
- What Languages Do IC Markets And Virtual Brokers Support?
- How Many Clients Do IC Markets and Virtual Brokers Have?
- What Payment Methods Do IC Markets and Virtual Brokers Accept?
- What Can You Trade With IC Markets and Virtual Brokers?