IC Markets vs WellsTrade, Who's Better?

Compare IC Markets vs WellsTrade

All platforms for online trading has certain pros and cons, so a complete review of IC Markets and WellsTrade would not be complete without adopting a fair assessment.

Assess IC Markets and WellsTrade in order to understand just how these platforms stack up against each other before you choose to create an account. Conducting a comparative analysis will place factors in perspective in order that you remain aware of the expectations.

So you are looking for a broker and are choosing between IC Markets or WellsTrade. Who is better in 2025?

This IC Markets vs WellsTrade comparison contains the latest information so you can easily compare WellsTrade against IC Markets.

If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to choose the right agent who will be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and WellsTrade are two such companies that will take you and your investment into great heights. It is important that you compare IC Markets vs WellsTrade before you trust them with your money.

Our IC Markets vs WellsTrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and WellsTrade side by side.

Our entire IC Markets vs WellsTrade Review covers everything you will need to learn about trading with either IC Markets or WellsTrade. A good agent can multiply your initial investments and give you positive profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you select them. It's a frequent misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

IC Markets and WellsTrade are both brokers which have paved their way successfully to the brokerage world. In this review, we've tried to collate a number of the vital aspects of both IC Markets and WellsTrade. This review will help you to know whether either WellsTrade or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all of the features and charges for your advantage.

Benefits of IC Markets and WellsTrade Compared

IC Markets has a minimum deposit of $200 while WellsTrade has a $30 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and WellsTrade 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 WellsTrade allows you to trade around 232 available.

The more instruments you can trade on the IC Markets and WellsTrade 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 WellsTrade.

IC Markets and WellsTrade Contact Details

Being able to contact your broker easily is a sign of a professional broker. IC Markets and WellsTrade have the following contact details and social medias that you can use.

WellsTrade 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.

In this part of our comparison of IC Markets and WellsTrade we'll check whether either of their mobile apps tick all the boxes.

We rate overall 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.

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 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 WellsTrade - Awards

IC Markets vs WellsTrade - Frequently Asked Questions

IC Markets vs WellsTrade - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

WellsTrade was founded in 2008 and has its headquaters in United States.

What is the minimum deposit for WellsTrade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for WellsTrade is $30.

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 WellsTrade are a good choice.

IC Markets vs WellsTrade - 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).

WellsTrade is regulated by Unregulated.

WellsTrade is unregulated but IC Markets has a powerful set of rules for ensuring honest trading on its platforms. For information encryption functions, they provide industry-standard secure socket layer (SSL).

In accordance with their own privacy policy, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs WellsTrade Commission And Fees

IC Markets and WellsTrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled much better. In other words, an online broker is not necessarily influenced by the amount of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this purpose.

The first sort of fees to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, funding rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.

Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.

In general, neither IC Markets or WellsTrade charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, for example weekly or daily trading.

But, non-trading fees billed by IC Markets and WellsTrade are comparatively higher. As a result, you are charged more for non-trading actions on your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.

This IC Markets vs WellsTrade review for 2025 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And WellsTrade

What Languages Do IC Markets And WellsTrade Support?

Being able to talk easily with your trading broker is a key part 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 application as it is a key part of success when trading forex.

Below you can find the languages that both IC Markets and WellsTrade offer communication in.

How Many Clients Do IC Markets and WellsTrade Have?

Both IC Markets and WellsTrade are well established with their customer 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 WellsTrade are active on their platform

What Payment Methods Do IC Markets and WellsTrade Accept?

IC Markets and WellsTrade 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 WellsTrade

What Can You Trade With IC Markets and WellsTrade?

IC Markets offers 232 trading instruments while WellsTrade offers 254.

Below you will find a full breakdown of what both IC Markets and WellsTrade offer.