IC Markets vs Wealthfront, Who's Better?
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs Wealthfront Guide
Read our In-Depth IC Markets vs Wealthfront Review - 2024 Update
This review comparing IC Markets and Wealthfront has been refreshed to reflect any changes for 2024 from knowledgeable insiders boasting considerable financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Wealthfront does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Wealthfront Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Wealthfront
All trading platforms feature a few advantages and disadvantages, so a complete IC Markets and Wealthfront review would not be regarded as thorough without embracing a fair assessment.
Assess Wealthfront and IC Markets to get a better understanding of just how these platforms stack up to each prior to you decide to create an account. Conducting a side-by-side comparison helps to put things into 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 Wealthfront. Who should you choose?
This IC Markets vs Wealthfront comparison contains the most recent information so you can easily compare Wealthfront against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Wealthfront are two such stages which will take you along with your investment into great heights. It's important that you compare IC Markets vs Wealthfront until you trust them with your money.
Our IC Markets vs Wealthfront comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Wealthfront side by side.
Our entire IC Markets vs Wealthfront Review covers all you will need to know about trading using either IC Markets or Wealthfront. A fantastic agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investment goals.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Wealthfront are both brokers which have found their way successfully to the broker world. Within this review, we've tried to collate some of the important aspects of both IC Markets and Wealthfront. This review can help you to understand whether either Wealthfront or IC Markets is a good match for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of IC Markets and Wealthfront Compared
IC Markets offers a minimum deposit of $200 while Wealthfront has a $500 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Wealthfront 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 Wealthfront allows you to trade around 232 on their platform.
The more financial instruments you can trade on the IC Markets and Wealthfront 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or Wealthfront.
IC Markets and Wealthfront Contact Details
Being able to contact a broker simply is important. IC Markets and Wealthfront 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
|Wealthfront Twitter Account
|IC Markets Facebook Page
|Wealthfront Facebook Page
|IC Markets Instagram Account
|Wealthfront Instagram Account
|IC Markets LinkedIn Page
|Wealthfront LinkedIn Page
|IC Markets YouTube Channel
|Wealthfront YouTube Channel
|Find Out More
Wealthfront 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 Wealthfront 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 important that any trading app has user friendly capabilities especially with the
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 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 Wealthfront - Awards
IC Markets have won a lot of industry awards over the time they have been running as a financial broker. We show the most notable awards for IC Markets below.
|At the time of writing this Wealthfront review, and despite Wealthfront’s impressive offering, the company has surprisingly not garnered any awards to date.
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IC Markets vs Wealthfront - Frequently Asked Questions
IC Markets vs Wealthfront - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Wealthfront was founded in 2008 and has its head office in USA.
What is the minimum deposit for Wealthfront or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Wealthfront is $500.
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 Wealthfront are a good choice.
IC Markets vs Wealthfront - 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).
Wealthfront is regulated by Unregulated.
Wealthfront is unregulated but IC Markets has a powerful collection of rules for ensuring fair trading onto its platforms. For information encryption purposes, they supply industry-standard secure socket layer (SSL).
In accordance with their individual privacy regulation, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs Wealthfront Commission And Fees
IC Markets and Wealthfront are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much 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 fees of varying rates for various services to earn money. There are mainly three different types of fees for this purpose.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or Wealthfront charge high fees in comparison 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 people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by IC Markets and Wealthfront are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs Wealthfront review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Wealthfront
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What Languages Do IC Markets And Wealthfront Support?
Being able to talk completely with your trading broker is a key way of comparing 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 factor to success when trading forex.
Below you can find all the languages that both IC Markets and Wealthfront offer communication in.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and Wealthfront Have?
Both IC Markets and Wealthfront are well established with their client base. It is important to work with an online broker you can trust 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 users IC Markets and Wealthfront have
|Clients / Users
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What Payment Methods Do IC Markets and Wealthfront Accept?
IC Markets and Wealthfront 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 Wealthfront
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What Can You Trade With IC Markets and Wealthfront?
IC Markets offers 232 trading instruments and Wealthfront offers 270.
Below you will find a full breakdown of what both IC Markets and Wealthfront offer.
IC Markets Review
IC Markets vs Wealthfront:
Table Of Contents
- Compare IC Markets vs Wealthfront
- Benefits of IC Markets and Wealthfront Compared
- Wealthfront and IC Markets Mobile App Comparison
- IC Markets vs Wealthfront - Awards
- IC Markets vs Wealthfront - Frequently Asked Questions
- What is the minimum deposit for Wealthfront or IC Markets
- IC Markets vs Wealthfront - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Wealthfront
- What Languages Do IC Markets And Wealthfront Support?
- How Many Clients Do IC Markets and Wealthfront Have?
- What Payment Methods Do IC Markets and Wealthfront Accept?
- What Can You Trade With IC Markets and Wealthfront?