IC Markets vs WIT Invest, for 2023
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IC Markets Rating
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WIT Invest Rating
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IC Markets vs WIT Invest Guide |
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Read our In-Depth IC Markets vs WIT Invest Review - Updated for 2023
This IC Markets vs WIT Invest review has been updated for 2023 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 WIT Invest review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
WIT Invest Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs WIT Invest
Every online trading system will have a few ups and downs, and no IC Markets and WIT Invest review would be complete without showing both sides. Compare IC Markets and WIT Invest to understand how they line up against each other before you make 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 broker and are choosing between IC Markets or WIT Invest. Who is better in 2023?
This IC Markets vs WIT Invest comparison contains the latest information so you can easily compare WIT Invest 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 analyzing skills and thorough understanding. You will acquire 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.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and WIT Invest are two such trading platforms which will take you along with your investment to great heights. It is crucial to compare IC Markets vs WIT Invest before you trust them with your cash.
Our IC Markets vs WIT Invest comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and WIT Invest side by side.
Our entire IC Markets vs WIT Invest Review covers all you will need to learn about trading using either IC Markets or WIT Invest. A fantastic agent can multiply your initial investments and give you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and WIT Invest are both brokers that have forged their way successfully into the broker world. In this review, we have attempted to collate some of the vital aspects of both IC Markets and WIT Invest. This review can allow you to know whether either WIT Invest or IC Markets is a good match for your investments or not. We have attempted to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and WIT Invest Compared
IC Markets has a minimum deposit of $200 while WIT Invest has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and WIT Invest 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 WIT Invest allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and WIT Invest 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 WIT Invest.
IC Markets and WIT Invest Contact Details
Being able to contact an online trading platform easily is important. IC Markets and WIT Invest have the following contact details and social medias that you can use.
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| Broker | IC Markets | WIT Invest |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | WIT Invest Twitter Account | |
| IC Markets Facebook Page | WIT Invest Facebook Page | |
| IC Markets Instagram Account | WIT Invest Instagram Account | |
| IC Markets LinkedIn Page | WIT Invest LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | WIT Invest YouTube Channel |
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WIT Invest 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 WIT Invest will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than 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. 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 WIT Invest - Awards
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| Broker | IC Markets | WIT Invest |
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IC Markets have won many industry awards over the years they have been operating as a financial broker. We detail the most recognised awards for IC Markets below.
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At the time of writing this WIT Invest review, and despite WIT Invest’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs WIT Invest - Frequently Asked Questions
IC Markets vs WIT Invest - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
WIT Invest was founded in 2008 and has its headquaters in Saint Vincent and the Grenadines.
What is the minimum deposit for WIT Invest or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for WIT Invest is $100.
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 WIT Invest are a good choice.
IC Markets vs WIT Invest - 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).
WIT Invest is regulated by Unregulated.
WIT Invest is unregulated but IC Markets has a powerful collection of rules for ensuring honest trading onto its own platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).
As per their own privacy regulation, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs WIT Invest Commission And Fees
IC Markets and WIT Invest are online broker 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. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't 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 objective.
The first sort 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 these cases, you are paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people who are charged when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IC Markets or WIT Invest charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and WIT Invest are comparatively higher. Consequently, you are billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This IC Markets vs WIT Invest review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And WIT Invest
What Languages Do IC Markets And WIT Invest Support?
Being able to communicate completely with your online broker is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both IC Markets and WIT Invest offer communication in.
How Many Clients Do IC Markets and WIT Invest Have?
Both IC Markets and WIT Invest are well known and trusted. It is important to work with an online broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IC Markets and WIT Invest have
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| Broker | IC Markets | WIT Invest |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and WIT Invest Accept?
IC Markets and WIT Invest 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 WIT Invest
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| Broker | IC Markets | WIT Invest |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
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What Can You Trade With IC Markets and WIT Invest?
IC Markets offers 232 trading instruments whilst WIT Invest offers 259.
Below you will find a full breakdown of what both IC Markets and WIT Invest offer.
Compare IC Markets To All Other Brokers
Compare WIT Invest To All Other Brokers