IC Markets vs Wealthfront, Who's The Best?
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IC Markets Rating: 8.34 / 10 |
Wealthfront Rating: 4.08 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs Wealthfront Guide |
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Read our In-Depth IC Markets vs Wealthfront Review - Updated for 2022
This IC Markets vs Wealthfront review has been updated for 2022 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 Wealthfront review 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.
So you are looking for an online trading platform and are choosing between IC Markets or Wealthfront. Which one is best in 2022?
Our IC Markets vs Wealthfront review contains the latest information so you can easily compare Wealthfront 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 world of trading requires expert analyzing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker since you keep trading. For starters, you need to choose the ideal broker who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Wealthfront are two such stages that will take you along with your investment to great heights. It's important that you compare IC Markets vs Wealthfront before you trust them with your cash.
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 everything you will need to know about trading using either IC Markets or Wealthfront. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and Wealthfront are both brokers that have found their way successfully into the brokerage world. Within this review, we've tried to collate some of the vital aspects of both IC Markets and Wealthfront. This review can help you to know whether either Wealthfront or IC Markets is a good fit for your investments or not. We've attempted to breakdown all the features and charges for your advantage.
Compare IC Markets vs Wealthfront
Every online trading platform has a few ups and downs, and no IC Markets and Wealthfront review would be complete without showing both sides. Compare IC Markets and Wealthfront 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.
Benefits of IC Markets and Wealthfront Compared
IC Markets has a minimum deposit of $200 while Wealthfront offers 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 allows you to trade 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 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 easily is vital. IC Markets and Wealthfront have the following contact details and social medias that you can use.
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| Broker | IC Markets | Wealthfront |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| 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 |
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Wealthfront 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.
In this part of our comparison of IC Markets and Wealthfront we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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 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
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| Broker | IC Markets | Wealthfront |
| Awards |
IC Markets have won several industry awards over the years they have been operating as an online trading platform. We show the most recognised awards for IC Markets below.
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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 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 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 option.
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 strong set of rules for ensuring honest trading on its individual platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
In accordance with their 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 many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you're spending a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people who are billed when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They're billed for operations 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 do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and Wealthfront are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading account, like deposits and withdrawal. These are not about the purchase and sale of resources.
This IC Markets vs Wealthfront review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Wealthfront
What Languages Do IC Markets And Wealthfront Support?
Being able to talk completely with your online broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Below you can find the languages that both IC Markets and Wealthfront offer communication in.
How Many Clients Do IC Markets and Wealthfront Have?
Both IC Markets and Wealthfront are well established with their customer base. It is important to work with a 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 customers IC Markets and Wealthfront have
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| Broker | IC Markets | Wealthfront |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
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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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| Broker | IC Markets | Wealthfront |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | Yes |
| Neteller | Yes | No |
| Find Out More |
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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.
Compare IC Markets To All Other Brokers
Compare Wealthfront To All Other Brokers
