IC Markets vs WellsTrade, 2023 Update
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs WellsTrade Guide
Read our In-Depth IC Markets vs WellsTrade Review - Updated for 2023
Our IC Markets vs WellsTrade review has been updated for 2023 from seasoned professionals with significant financial experience in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs WellsTrade does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
WellsTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs WellsTrade
Every online trading platforms feature certain ups and downs, so any comprehensive IC Markets and WellsTrade review cannnot be regarded as thorough without embracing an objective perspective.
Examine WellsTrade and IC Markets in order to understand the way these platforms compare against one another prior to you make an account. A comprehensive comparison will put things in perspective to ensure that you are cognizant of what to expect.
So you are looking for a broker and are choosing between IC Markets or WellsTrade. Who should you choose?
Our 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 world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll acquire adept at all of the concepts of broker since you continue trading. For starters, you have to choose the right agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and WellsTrade are just two such platforms that will take you along with your investment into great heights. It's crucial that you compare IC Markets vs WellsTrade until 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 all you need to know about trading with either IC Markets or WellsTrade. A fantastic broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and WellsTrade are both brokers that have forged their way successfully into the broker world. In this review, we've attempted to collate a number of the important aspects of both IC Markets and WellsTrade. This review can allow you to understand whether either WellsTrade or IC Markets is a good match for your investments or not. We've attempted to breakdown all the features and charges for your convenience.
Benefits of IC Markets and WellsTrade Compared
IC Markets offers a minimum deposit of $200 while WellsTrade offers 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 has around 232 financial instruments while WellsTrade has around 232 on their platform.
The more financial 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 a broker simply is vital. IC Markets and WellsTrade 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||WellsTrade Twitter Account|
|IC Markets Facebook Page||WellsTrade Facebook Page|
|IC Markets Instagram Account||WellsTrade Instagram Account|
|IC Markets LinkedIn Page||WellsTrade LinkedIn Page|
|YouTube||IC Markets YouTube Channel||WellsTrade YouTube Channel|
|Find Out More||
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.
This part of comparing IC Markets and WellsTrade 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. 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 WellsTrade - Awards
IC Markets have won numerous industry awards over the time they have been running as a financial broker. We show the most recognised awards for IC Markets below.
|At the time of writing this WellsTrade review, and despite WellsTrade’s impressive offering, the company has surprisingly not garnered any awards to date.|
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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 strong set of rules for ensuring honest trading on its own platforms. For data encryption functions, they supply industry-standard secure socket layer (SSL).
Compare IC Markets vs WellsTrade Commission And Fees
IC Markets and WellsTrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker is not necessarily affected by the amount of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such 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 other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for longer than daily.
Apart 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 operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or WellsTrade charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and WellsTrade are comparatively greater. Consequently, you're billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This IC Markets vs WellsTrade review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And WellsTrade
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What Languages Do IC Markets And WellsTrade Support?
Being able to chat easily with your online platform is a key way of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website 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.
|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 WellsTrade Have?
Both IC Markets and WellsTrade are well established with their client base. It is really important to work with an online broker you can trust and one of the easiest 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 WellsTrade are working with
|Clients / Users||60,000+||10,000+|
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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
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What Can You Trade With IC Markets and WellsTrade?
IC Markets offers 232 trading instruments whilst WellsTrade offers 254.
Below you will find a full breakdown of what both IC Markets and WellsTrade offer.
IC Markets Review
IC Markets vs WellsTrade:
Table Of Contents
- Compare IC Markets vs WellsTrade
- Benefits of IC Markets and WellsTrade Compared
- WellsTrade and IC Markets Mobile App Comparison
- IC Markets vs WellsTrade - Awards
- IC Markets vs WellsTrade - Frequently Asked Questions
- What is the minimum deposit for WellsTrade or IC Markets
- IC Markets vs WellsTrade - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And WellsTrade
- What Languages Do IC Markets And WellsTrade Support?
- How Many Clients Do IC Markets and WellsTrade Have?
- What Payment Methods Do IC Markets and WellsTrade Accept?
- What Can You Trade With IC Markets and WellsTrade?