IC Markets vs WiseAlpha, Updated for 2023
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs WiseAlpha Guide
Read our In-Depth IC Markets vs WiseAlpha Review - Updated for 2023
Our IC Markets vs WiseAlpha review has been refreshed to reflect any changes for 2023 by knowledgeable insiders boasting extensive financial experience across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs WiseAlpha does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
WiseAlpha Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs WiseAlpha
Every online trading platforms feature a few advantages and disadvantages, so any comprehensive review of IC Markets and WiseAlpha would not be complete without adopting a fair assessment.
Compare WiseAlpha and IC Markets to understand the way they stack up against each other prior to you make an account. Performing a side-by-side comparison can put things in perspective so that you're informed about what to expect.
So you are looking for an online trading platform and are choosing between IC Markets or WiseAlpha. Which one is best in 2023?
This IC Markets vs WiseAlpha comparison contains the most recent information so you can easily compare WiseAlpha 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 requires expert analyzing skills and thorough understanding. You will get proficient at all the concepts of broker as you continue trading. For starters, you have to choose the ideal broker who will be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and WiseAlpha are two such trading platforms that will take you along with your investment into great heights. It is important that you compare IC Markets vs WiseAlpha before you trust them with your cash.
Our IC Markets vs WiseAlpha comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and WiseAlpha side by side.
Our entire IC Markets vs WiseAlpha Review covers everything you need to learn about trading using either IC Markets or WiseAlpha. A good agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and WiseAlpha are both brokers that have found their way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital facets of both IC Markets and WiseAlpha. This review will help you to understand whether either WiseAlpha or IC Markets is a fantastic fit for your own investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.
Benefits of IC Markets and WiseAlpha Compared
IC Markets offers a minimum deposit of $200 while WiseAlpha offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and WiseAlpha 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 WiseAlpha allows you to trade around 232 on their platform.
The more instruments you can trade on the IC Markets and WiseAlpha 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 WiseAlpha.
IC Markets and WiseAlpha Contact Details
Being able to contact your broker easily is important. IC Markets and WiseAlpha 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||WiseAlpha Twitter Account|
|IC Markets Facebook Page||WiseAlpha Facebook Page|
|IC Markets Instagram Account||WiseAlpha Instagram Account|
|IC Markets LinkedIn Page||WiseAlpha LinkedIn Page|
|YouTube||IC Markets YouTube Channel||WiseAlpha YouTube Channel|
|Find Out More||
WiseAlpha 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 WiseAlpha will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the 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.
Although most brokers do OK in this area, there are some bad apples out there. 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 WiseAlpha - Awards
IC Markets have won a lot of industry awards over the years they have been running as a financial broker. We list the most recognised awards for IC Markets below.
|At the time of writing this WiseAlpha review, and despite WiseAlpha’s impressive offering, the company has surprisingly not garnered any awards to date.|
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IC Markets vs WiseAlpha - Frequently Asked Questions
IC Markets vs WiseAlpha - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
WiseAlpha was founded in 2008 and has its headquaters in UK.
What is the minimum deposit for WiseAlpha or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for WiseAlpha is $0.
Depending on your needs, 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 WiseAlpha are a good option.
IC Markets vs WiseAlpha - 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).
WiseAlpha is regulated by Financial Conduct Authority (FCA).
Both IC Markets and WiseAlpha have a powerful collection of rules for ensuring fair trading onto their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs WiseAlpha Commission And Fees
IC Markets and WiseAlpha are online broker platforms, and many 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 better. That is, an internet broker is not necessarily influenced by the number 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 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you are spending a spread, financing rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are those that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or WiseAlpha charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and WiseAlpha are comparatively lower. As a result, you are billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of assets.
This IC Markets vs WiseAlpha review for 2023 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And WiseAlpha
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What Languages Do IC Markets And WiseAlpha Support?
Being able to chat completely with your online platform is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Here you will find all the languages that both IC Markets and WiseAlpha 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 WiseAlpha Have?
Both IC Markets and WiseAlpha 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 clients they already work with.
Below you will find details of how many customers IC Markets and WiseAlpha are active on their platform
|Clients / Users||60,000+||10,000+|
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What Payment Methods Do IC Markets and WiseAlpha Accept?
IC Markets and WiseAlpha 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 WiseAlpha
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What Can You Trade With IC Markets and WiseAlpha?
IC Markets offers 232 trading instruments whilst WiseAlpha offers 258.
Below you will find a full breakdown of what both IC Markets and WiseAlpha offer.
IC Markets Review
IC Markets vs WiseAlpha:
Table Of Contents
- Compare IC Markets vs WiseAlpha
- Benefits of IC Markets and WiseAlpha Compared
- WiseAlpha and IC Markets Mobile App Comparison
- IC Markets vs WiseAlpha - Awards
- IC Markets vs WiseAlpha - Frequently Asked Questions
- What is the minimum deposit for WiseAlpha or IC Markets
- IC Markets vs WiseAlpha - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And WiseAlpha
- What Languages Do IC Markets And WiseAlpha Support?
- How Many Clients Do IC Markets and WiseAlpha Have?
- What Payment Methods Do IC Markets and WiseAlpha Accept?
- What Can You Trade With IC Markets and WiseAlpha?