IC Markets vs Zacks Trade, Who's Better?

Compare IC Markets vs Zacks Trade

All trading platforms feature a few ups and downs, and any comprehensive analysis of IC Markets vs Zacks Trade would not be regarded as thorough without adopting a balanced approach.

Assess IC Markets and Zacks Trade in order to understand just how these platforms compare with each prior to you choose to create an account. Conducting a comprehensive comparison will put things in perspective in order that you remain cognizant of what you should anticipate.

So you are looking for a professional broker and are choosing between IC Markets or Zacks Trade. Who should you choose?

Our IC Markets vs Zacks Trade comparison contains the latest information so you can easily compare Zacks Trade against IC Markets.

If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You will get adept at all of the concepts of brokerage since you continue trading. For starters, you have to select the right broker who'll be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and Zacks Trade are just two such platforms which will take you along with your investment into great heights. It is important that you compare IC Markets vs Zacks Trade before you trust them with your cash.

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

Our full IC Markets vs Zacks Trade Review covers everything you will need to know about trading with either IC Markets or Zacks Trade. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents are the same, but that is not true. Wrong judgment, initially, can set your investments in danger.

IC Markets and Zacks Trade are both brokers that have forged their way successfully to the broker world. Within this review, we have attempted to collate some of the important aspects of both IC Markets and Zacks Trade. This review can allow you to know whether either Zacks Trade or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your advantage.

Benefits of IC Markets and Zacks Trade Compared

IC Markets has a minimum deposit of $200 while Zacks Trade offers a $2500 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Zacks Trade 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 Zacks Trade has around 232 available.

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

IC Markets and Zacks Trade Contact Details

Being able to contact an online trading platform easily is important. IC Markets and Zacks Trade have the following contact details and social medias that you can use.

Zacks Trade 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 Zacks Trade 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. 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 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 Zacks Trade - Awards

IC Markets vs Zacks Trade - Frequently Asked Questions

IC Markets vs Zacks Trade - Headquarters And Year Of Founding

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

Zacks Trade was founded in 2008 and has its head office in United States.

What is the minimum deposit for Zacks Trade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Zacks Trade is $2500.

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 Zacks Trade are a good choice.

IC Markets vs Zacks Trade - 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).

Zacks Trade is regulated by Unregulated.

Zacks Trade is unregulated but IC Markets has a strong collection of rules for ensuring honest trading on its individual platforms. For data encryption functions, they provide industry-standard secure socket layer (SSL).

In accordance with their privacy policy, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs Zacks Trade Commission And Fees

IC Markets and Zacks Trade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.

But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three types of penalties for this objective.

The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you are spending a spread, financing rate, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are billed when you hold a leveraged position for more than a day.

Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.

Generally, neither IC Markets or Zacks Trade 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 smaller sum. This can be beneficial for those who regularly exchange, such as weekly or daily trading.

However, non-trading fees charged by IC Markets and Zacks Trade are comparatively higher. As a result, you are charged more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.

This IC Markets vs Zacks Trade review for 2024 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Zacks Trade

What Languages Do IC Markets And Zacks Trade Support?

Being able to chat easily with your trading platform is a key element when comparing trading platforms to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.

Here you will find all the languages that both IC Markets and Zacks Trade support.

How Many Clients Do IC Markets and Zacks Trade Have?

Both IC Markets and Zacks Trade are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients are using their services.

Below you will find details of how many users IC Markets and Zacks Trade are working with

What Payment Methods Do IC Markets and Zacks Trade Accept?

IC Markets and Zacks Trade 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 Zacks Trade

What Can You Trade With IC Markets and Zacks Trade?

IC Markets offers 232 trading instruments and Zacks Trade offers 264.

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