IC Markets vs fxdd, Who's The Best?
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IC Markets Rating: 8.34 / 10 |
fxdd Rating: 7.57 / 10 |
Losses can exceed deposits |
75% of retail investor accounts lose money when trading CFDs with Triton Capital Markets Ltd |
IC Markets vs fxdd Guide |
Read our In-Depth IC Markets vs fxdd Review - Updated for 2022
This IC Markets vs fxdd review has been updated for 2022 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 fxdd review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
fxdd Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between IC Markets or fxdd. Who is better in 2022?
Our IC Markets vs fxdd review contains the most recent information so you can easily compare fxdd against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get adept at all of the concepts of broker since you keep trading. For starters, you have to select the ideal agent who'll be clear with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and fxdd are two such platforms that will take you along with your investment to great heights. It's important to compare IC Markets vs fxdd before you trust them with your cash.
Our IC Markets vs fxdd comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and fxdd side by side.
Our entire IC Markets vs fxdd Review covers all you will need to learn about trading using either IC Markets or fxdd. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and fxdd are both brokers which have paved their way successfully into the brokerage world. In this review, we've attempted to collate some of the important aspects of both IC Markets and fxdd. This review will allow you to know whether either fxdd or IC Markets is a good fit for your investments or not. We've attempted to breakdown all the qualities and charges for your advantage.
Compare IC Markets vs fxdd
Every online trading system will have a few ups and downs, and no IC Markets and fxdd review would be complete without having a balanced approach. Compare IC Markets and fxdd to understand how they line 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.
Benefits of IC Markets and fxdd Compared
IC Markets has a minimum deposit of $200 while fxdd offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and fxdd 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 fxdd allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and fxdd 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 fxdd.
IC Markets and fxdd Contact Details
Being able to contact a broker through many ways is vital. IC Markets and fxdd have the following contact details and social medias that you can use.
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Broker | IC Markets | fxdd |
Telephone Number | +248 467 19 76 | +1 212 266 0700 |
support@icmarkets.com | support@fxdd.com.mt | |
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | 7 World Trade Ctr, Fl 32, New York City, New York 10007, US |
IC Markets Twitter Account | fxdd Twitter Account | |
IC Markets Facebook Page | fxdd Facebook Page | |
IC Markets Instagram Account | fxdd Instagram Account | |
IC Markets LinkedIn Page | fxdd LinkedIn Page | |
YouTube | IC Markets YouTube Channel | fxdd YouTube Channel |
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fxdd 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 fxdd we'll check whether either of their mobile apps tick all the boxes.
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
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 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 fxdd - Awards
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Broker | IC Markets | fxdd |
Awards |
IC Markets have won a lot of industry awards over the years they have been operating as an online broker. We detail the most notable awards for IC Markets below.
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fxdd have won several industry awards over the years they have been running as an online trading platform. We show the most recognised awards for fxdd below.
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IC Markets vs fxdd - Frequently Asked Questions
IC Markets vs fxdd - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
fxdd was founded in 2010 and has its head office in Belize.
What is the minimum deposit for fxdd or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for fxdd is $250.
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 fxdd are a good choice.
IC Markets vs fxdd - 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).
fxdd is regulated by Malta Financial Services Authority MFSA IS/48817. Financial Services Commission, Mauritius. License Number C117017252.
Both IC Markets and fxdd have a strong set of rules for ensuring fair trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs fxdd Commission And Fees
IC Markets and fxdd are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you are paying a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those who are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They are billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or fxdd charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and fxdd are relatively competitive. Consequently, you're billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This IC Markets vs fxdd review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And fxdd
What Languages Do IC Markets And fxdd Support?
Being able to communicate completely with your online platform is a key part of comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you will find all the languages that both IC Markets and fxdd offer communication in.
How Many Clients Do IC Markets and fxdd Have?
Both IC Markets and fxdd are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and fxdd are active on their platform
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Broker | IC Markets | fxdd |
Clients / Users | 60,000+ | 14,000,000+ |
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What Payment Methods Do IC Markets and fxdd Accept?
IC Markets and fxdd 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 fxdd
What Can You Trade With IC Markets and fxdd?
IC Markets offers 232 trading instruments while fxdd offers 124.
Below you will find a full breakdown of what both IC Markets and fxdd offer.
Compare IC Markets To All Other Brokers
Compare fxdd To All Other Brokers
IC Markets Review
IC Markets vs fxdd:
Table Of Contents
- Compare IC Markets vs fxdd
- Benefits of IC Markets and fxdd Compared
- fxdd and IC Markets Mobile App Comparison
- IC Markets vs fxdd - Awards
- IC Markets vs fxdd - Frequently Asked Questions
- What is the minimum deposit for fxdd or IC Markets
- IC Markets vs fxdd - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And fxdd
- What Languages Do IC Markets And fxdd Support?
- How Many Clients Do IC Markets and fxdd Have?
- What Payment Methods Do IC Markets and fxdd Accept?
- What Can You Trade With IC Markets and fxdd?