IC Markets vs Wealthfront, for 2023
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 - 2023 Update
Our comprehensive analysis of IC Markets and Wealthfront has been updated for 2023 from seasoned professionals boasting significant expertise in CFDs, Forex, & Social Trading.
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
Every trading platforms will have a few pros and cons, and any comprehensive analysis of IC Markets vs Wealthfront should not be regarded as thorough without having a fair assessment.
Compare Wealthfront and IC Markets in order to understand how these platforms line up against each other before you choose to make an account. Performing a comprehensive comparison can bring aspects into perspective so that you remain informed about what to expect.
So you are looking for a reputable broker and are choosing between IC Markets or Wealthfront. Who is better in 2023?
This IC Markets vs Wealthfront comparison contains the most recent information so you can easily compare Wealthfront against IC Markets.
If you're a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the right broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and Wealthfront are just two such trading platforms which will take you and your investment to 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 full IC Markets vs Wealthfront Review covers everything you need to know about trading using either IC Markets or Wealthfront. A good broker can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a frequent misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Wealthfront are both brokers that have paved their way successfully to the broker world. Within this review, we have attempted to collate a number of the important aspects of both IC Markets and Wealthfront. This review will allow you to understand whether either Wealthfront or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all the features and charges for your advantage.
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 has around 232 financial instruments while Wealthfront has around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and Wealthfront 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 Wealthfront.
IC Markets and Wealthfront Contact Details
Being able to contact your broker simply is a sign of a professional broker. IC Markets and Wealthfront have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||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|
|YouTube||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.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
While most brokers are good at this, there are some poor ones. 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 many industry awards over the years they have been operating as an online broker. We detail the most recognised awards for IC Markets here.
|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 head office in Australia.
Wealthfront was founded in 2008 and has its headquaters 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 circumstances, 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 set of rules for ensuring fair trading on its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
As per their individual privacy regulation, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Wealthfront Commission And Fees
IC Markets and Wealthfront are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of penalties for this purpose.
The first sort of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or Wealthfront charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Wealthfront are comparatively higher. As a result, you're billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This IC Markets vs Wealthfront review for 2023 breaks down each of the applicable non-trading charges 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 online platform is a key way of comparing trading platforms to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find the languages that both IC Markets and Wealthfront offer communication in.
|Languages Supported||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 that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and Wealthfront are active on their platform
|Clients / Users||60,000+||10,000+|
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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 while 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?