IC Markets vs fxdd, Updated for 2023
IC Markets Rating
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 - 2023 Update
This IC Markets vs fxdd 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 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.
Compare IC Markets vs fxdd
Every online trading system has 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 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 a reputable broker and are choosing between IC Markets or fxdd. Who is better in 2023?
Our IC Markets vs fxdd comparison contains the most recent information so you can easily compare fxdd 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'll get proficient at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who will be clear with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and fxdd are two such platforms that will take you and your investment into great heights. It's crucial to compare IC Markets vs fxdd until you trust them with your money.
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 full IC Markets vs fxdd Review covers everything you need to know about trading with either IC Markets or fxdd. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you choose them. It's a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and fxdd are both brokers which have found their way successfully into the broker world. Within this review, we've tried to collate a number of the vital aspects of both IC Markets and fxdd. This review can help you to understand whether either fxdd or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all of the qualities and fees for your advantage.
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 has around 232 financial instruments whilst fxdd has around 232 available.
The more financial instruments you can trade on the IC Markets and fxdd 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 seriously do not 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 an online trading platform simply is vital. IC Markets and fxdd have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+1 212 266 0700|
|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|
|Find Out More||
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.
We rate overall the user-friendliness of both apps as better than 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 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
IC Markets have won a lot of industry awards over the time they have been operating as a financial broker. We detail the most notable awards for IC Markets below.
fxdd have won numerous industry awards over the time they have been operating as an online broker. We list the most recognised awards for fxdd here.
|Find Out More||
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 head office in Australia.
fxdd was founded in 2010 and has its headquaters 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 option.
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 information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs fxdd Commission And Fees
IC Markets and fxdd 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 brokerages are scaled much better. That is, an online broker is not necessarily affected by the amount 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 types of penalties for this objective.
The first kind of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those that are billed when you maintain 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 account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither IC Markets or fxdd charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as daily or weekly trading.
However, non-trading fees charged by IC Markets and fxdd are comparatively greater. As a result, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs fxdd review for 2023 breaks down each of the applicable non-trading charges 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 way of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both IC Markets and fxdd support.
How Many Clients Do IC Markets and fxdd Have?
Both IC Markets and fxdd are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers IC Markets and fxdd are working with
|Clients / Users||60,000+||14,000,000+|
|Find Out More||
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 and 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?