IC Markets vs forextime, for 2023
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IC Markets Rating
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forextime Rating
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IC Markets vs forextime Guide |
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Read our In-Depth IC Markets vs forextime Review - for 2023
This IC Markets vs forextime 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 forextime review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
forextime Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs forextime
Every online trading platform has some ups and downs, and no IC Markets and forextime review would be complete without having a balanced approach. Compare IC Markets and forextime to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or forextime. Which one is best in 2023?
Our IC Markets vs forextime comparison contains the latest information so you can easily compare forextime against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of brokerage 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'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and forextime are just two such platforms which will take you and your investment to great heights. It's crucial that you compare IC Markets vs forextime until you trust them with your money.
Our IC Markets vs forextime comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and forextime side by side.
Our full IC Markets vs forextime Review covers everything you need to learn about trading with either IC Markets or forextime. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that contrasts 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 agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and forextime are both brokers which have found their way successfully into the broker world. Within this review, we've attempted to collate a number of the important facets of both IC Markets and forextime. This review will allow you to know whether either forextime or IC Markets is a fantastic fit for your own investments or not. We have tried to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and forextime Compared
IC Markets offers a minimum deposit of $200 while forextime offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and forextime 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 forextime has around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and forextime 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 forextime.
IC Markets and forextime Contact Details
Being able to contact your broker simply is a sign of a professional broker. IC Markets and forextime have the following contact details and social medias that you can use.
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| Broker | IC Markets | forextime |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | forextime Twitter Account | |
| IC Markets Facebook Page | forextime Facebook Page | |
| IC Markets Instagram Account | forextime Instagram Account | |
| IC Markets LinkedIn Page | forextime LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | forextime YouTube Channel |
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forextime 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 forextime 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 important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 forextime - Awards
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| Broker | IC Markets | forextime |
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IC Markets have won several industry awards over the time they have been operating as an online broker. We list the most recognised awards for IC Markets here.
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At the time of writing this forextime review, and despite forextime’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs forextime - Frequently Asked Questions
IC Markets vs forextime - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
forextime was founded in 2011 and has its headquaters in Lebanon.
What is the minimum deposit for forextime or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for forextime is $250.
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 forextime are a good choice.
IC Markets vs forextime - 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).
forextime is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F230.
Both IC Markets and forextime have a powerful set of rules for ensuring honest trading onto their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs forextime Commission And Fees
IC Markets and forextime are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.
The first sort of fees to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you are spending a spread, funding rate, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IC Markets or forextime charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees charged by IC Markets and forextime are relatively lower. As a result, you are charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These aren't about the purchase and sale of resources.
This IC Markets vs forextime review for 2023 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And forextime
What Languages Do IC Markets And forextime Support?
Being able to talk completely with your online broker is a key way of comparing trading platforms to find the best broker. 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 forex.
Here you will find the languages that both IC Markets and forextime offer communication in.
How Many Clients Do IC Markets and forextime Have?
Both IC Markets and forextime are well established with their customer base. It is important to work with a broker that is professional and one of the most simple 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 forextime have
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| Broker | IC Markets | forextime |
| Clients / Users | 60,000+ | 200,000+ |
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What Payment Methods Do IC Markets and forextime Accept?
IC Markets and forextime 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 forextime
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| Broker | IC Markets | forextime |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Payoneer | No | Yes |
| Neteller | Yes | Yes |
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What Can You Trade With IC Markets and forextime?
IC Markets offers 232 trading instruments whilst forextime offers 113.
Below you will find a full breakdown of what both IC Markets and forextime offer.
Compare IC Markets To All Other Brokers
Compare forextime To All Other Brokers