IC Markets vs fxgiants, 2023 Update
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IC Markets Rating
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fxgiants Rating
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Losses can exceed deposits |
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IC Markets vs fxgiants Guide |
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Read our In-Depth IC Markets vs fxgiants Review - 2023 Update
This IC Markets vs fxgiants 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 fxgiants review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
fxgiants Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs fxgiants
Every online trading platform has a few ups and downs, and no IC Markets and fxgiants review would be complete without showing both sides. Compare IC Markets and fxgiants to understand how they line 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 fxgiants. Which one is best in 2023?
This IC Markets vs fxgiants comparison contains the latest information so you can easily compare fxgiants against IC Markets.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and fxgiants are two such stages that will take you and your investment into great heights. It's crucial to compare IC Markets vs fxgiants before you trust them with your money.
Our IC Markets vs fxgiants comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and fxgiants side by side.
Our entire IC Markets vs fxgiants Review covers everything you need to know about trading with either IC Markets or fxgiants. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It is a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.
IC Markets and fxgiants are both brokers which have paved their way successfully into the broker world. Within this review, we have attempted to collate some of the vital aspects of both IC Markets and fxgiants. This review can allow you to know whether either fxgiants or IC Markets is a good fit for your investments or not. We have tried to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and fxgiants Compared
IC Markets has a minimum deposit of $200 while fxgiants has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and fxgiants 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 fxgiants allows you to trade around 232 financial instruments on their platform.
The more financial instruments you can trade on the IC Markets and fxgiants 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 fxgiants.
IC Markets and fxgiants Contact Details
Being able to contact a broker through many ways is important. IC Markets and fxgiants have the following contact details and social medias that you can use.
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| Broker | IC Markets | fxgiants |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | fxgiants Twitter Account | |
| IC Markets Facebook Page | fxgiants Facebook Page | |
| IC Markets Instagram Account | fxgiants Instagram Account | |
| IC Markets LinkedIn Page | fxgiants LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | fxgiants YouTube Channel |
| Find Out More |
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fxgiants 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.
In this part of our comparison of IC Markets and fxgiants 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 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 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 fxgiants - Awards
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| Broker | IC Markets | fxgiants |
| Awards |
IC Markets have won a lot of industry awards over the time they have been running as an online trading platform. We list the most recognised awards for IC Markets here.
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At the time of writing this fxgiants review, and despite fxgiants’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs fxgiants - Frequently Asked Questions
IC Markets vs fxgiants - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
fxgiants was founded in 2011 and has its head office in Cyprus.
What is the minimum deposit for fxgiants or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for fxgiants is $250.
Depending on your needs, 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 fxgiants are a good option.
IC Markets vs fxgiants - 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).
fxgiants 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-F242.
Both IC Markets and fxgiants have a strong set of rules for ensuring fair trading onto their own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own 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 fxgiants Commission And Fees
IC Markets and fxgiants are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily three types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading fees. In these instances, you are spending a spread, financing rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IC Markets or fxgiants charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by IC Markets and fxgiants are relatively greater. As a result, you are billed more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This IC Markets vs fxgiants review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And fxgiants
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| Broker | IC Markets | fxgiants |
| Minimum Deposit | $200 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And fxgiants Support?
Being able to chat completely with your online broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you will find all the languages that both IC Markets and fxgiants support.
How Many Clients Do IC Markets and fxgiants Have?
Both IC Markets and fxgiants are well established with their customer 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 customers are using their services.
Below you will find details of how many clients IC Markets and fxgiants are working with
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| Broker | IC Markets | fxgiants |
| Clients / Users | 60,000+ | 250,000+ |
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What Payment Methods Do IC Markets and fxgiants Accept?
IC Markets and fxgiants 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 fxgiants
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| Broker | IC Markets | fxgiants |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Payoneer | No | Yes |
| Neteller | Yes | Yes |
| Find Out More |
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What Can You Trade With IC Markets and fxgiants?
IC Markets offers 232 trading instruments while fxgiants offers 125.
Below you will find a full breakdown of what both IC Markets and fxgiants offer.
Compare IC Markets To All Other Brokers
Compare fxgiants To All Other Brokers