IC Markets vs Zerodha, Who's Better?
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IC Markets Rating
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Zerodha Rating
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Losses can exceed deposits |
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IC Markets vs Zerodha Guide |
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Read our In-Depth IC Markets vs Zerodha Review - for 2023
This IC Markets vs Zerodha review has been updated for 2023 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 Zerodha review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Zerodha Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Zerodha
Every online trading platform has some pros and cons, and no IC Markets and Zerodha review would be complete without having a balanced approach. Compare IC Markets and Zerodha to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between IC Markets or Zerodha. Which one is best in 2023?
This IC Markets vs Zerodha comparison contains the latest information so you can easily compare Zerodha against IC Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will get adept at all of the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. IC Markets and Zerodha are just two such trading platforms which will take you along with your investment into great heights. It is important that you compare IC Markets vs Zerodha until you trust them with your money.
Our IC Markets vs Zerodha comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Zerodha side by side.
Our entire IC Markets vs Zerodha Review covers all you will need to learn about trading with either IC Markets or Zerodha. A fantastic agent can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and Zerodha are both brokers that have paved their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of both IC Markets and Zerodha. This review will help you to understand whether either Zerodha or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and Zerodha Compared
IC Markets offers a minimum deposit of $200 while Zerodha offers a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Zerodha 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 while Zerodha has around 232 available.
The more financial instruments you can trade on the IC Markets and Zerodha 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or Zerodha.
IC Markets and Zerodha Contact Details
Being able to contact an online trading platform through many ways is vital. IC Markets and Zerodha have the following contact details and social medias that you can use.
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| Broker | IC Markets | Zerodha |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | Zerodha Twitter Account | |
| IC Markets Facebook Page | Zerodha Facebook Page | |
| IC Markets Instagram Account | Zerodha Instagram Account | |
| IC Markets LinkedIn Page | Zerodha LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | Zerodha YouTube Channel |
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Zerodha 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.
This part of comparing IC Markets and Zerodha will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as better than 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 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 Zerodha - Awards
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| Broker | IC Markets | Zerodha |
| Awards |
IC Markets have won many industry awards over the years they have been operating as a financial broker. We list the most recognised awards for IC Markets below.
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At the time of writing this Zerodha review, and despite Zerodha’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs Zerodha - Frequently Asked Questions
IC Markets vs Zerodha - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Zerodha was founded in 2010 and has its headquaters in India.
What is the minimum deposit for Zerodha or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Zerodha is $0.
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 Zerodha are a good choice.
IC Markets vs Zerodha - 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).
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Both IC Markets and Zerodha have a powerful set of rules for ensuring fair trading on their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Zerodha Commission And Fees
IC Markets and Zerodha are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers don't 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 objective.
The first kind of charges to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither IC Markets or Zerodha 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 often exchange, such as weekly or daily trading.
But, non-trading fees billed by IC Markets and Zerodha are relatively higher. As a result, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This IC Markets vs Zerodha review for 2023 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And Zerodha
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| Broker | IC Markets | Zerodha |
| Minimum Deposit | $200 | $0 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
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What Languages Do IC Markets And Zerodha Support?
Being able to communicate completely with your trading platform is a key element when comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find the languages that both IC Markets and Zerodha offer communication in.
How Many Clients Do IC Markets and Zerodha Have?
Both IC Markets and Zerodha are well established with their customer base. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients IC Markets and Zerodha are working with
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| Broker | IC Markets | Zerodha |
| Clients / Users | 60,000+ | 1,500,000+ |
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What Payment Methods Do IC Markets and Zerodha Accept?
IC Markets and Zerodha 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 Zerodha
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| Broker | IC Markets | Zerodha |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Payoneer | No | No |
| Neteller | Yes | No |
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What Can You Trade With IC Markets and Zerodha?
IC Markets offers 232 trading instruments and Zerodha offers 5000.
Below you will find a full breakdown of what both IC Markets and Zerodha offer.
Compare IC Markets To All Other Brokers
Compare Zerodha To All Other Brokers