IC Markets vs fxgrow, Who's The Best?
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IC Markets Rating
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fxgrow Rating
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Losses can exceed deposits |
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IC Markets vs fxgrow Guide |
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Read our In-Depth IC Markets vs fxgrow Review - 2023 Update
This IC Markets vs fxgrow 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 fxgrow review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
fxgrow Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs fxgrow
Every online trading platform has some ups and downs, and no IC Markets and fxgrow review would be complete without showing both sides. Compare IC Markets and fxgrow 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 fxgrow. Who is better in 2023?
Our IC Markets vs fxgrow comparison contains the latest information so you can easily compare fxgrow against IC Markets.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll get proficient at all the concepts of broker as you continue trading. For starters, you have to select the right broker 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 program has the potential to generate hefty returns. IC Markets and fxgrow are just two such platforms that will take you and your investment to great heights. It is crucial to compare IC Markets vs fxgrow before you trust them with your money.
Our IC Markets vs fxgrow comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and fxgrow side by side.
Our entire IC Markets vs fxgrow Review covers everything you need to learn about trading using either IC Markets or fxgrow. A good agent can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and fxgrow are both brokers that have paved their way successfully to the brokerage world. In this review, we've tried to collate some of the vital aspects of both IC Markets and fxgrow. This review will help you to know whether either fxgrow or IC Markets is a fantastic match for your own investments or not. We've tried to breakdown all the features and fees for your advantage.
Benefits of IC Markets and fxgrow Compared
IC Markets has a minimum deposit of $200 while fxgrow has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and fxgrow 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 fxgrow has around 232 available.
The more financial instruments you can trade on the IC Markets and fxgrow 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or fxgrow.
IC Markets and fxgrow Contact Details
Being able to contact an online trading platform easily is vital. IC Markets and fxgrow have the following contact details and social medias that you can use.
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| Broker | IC Markets | fxgrow |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | fxgrow Twitter Account | |
| IC Markets Facebook Page | fxgrow Facebook Page | |
| IC Markets Instagram Account | fxgrow Instagram Account | |
| IC Markets LinkedIn Page | fxgrow LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | fxgrow YouTube Channel |
| Find Out More |
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fxgrow 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 fxgrow we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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 fxgrow - Awards
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| Broker | IC Markets | fxgrow |
| Awards |
IC Markets have won numerous industry awards over the years they have been operating as a financial broker. We detail the most recognised awards for IC Markets here.
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At the time of writing this fxgrow review, and despite fxgrow’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs fxgrow - Frequently Asked Questions
IC Markets vs fxgrow - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
fxgrow was founded in 2014 and has its head office in USA.
What is the minimum deposit for fxgrow or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for fxgrow 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 fxgrow are a good choice.
IC Markets vs fxgrow - 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).
fxgrow 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-F245.
Both IC Markets and fxgrow have a strong collection of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs fxgrow Commission And Fees
IC Markets and fxgrow are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you are paying a spread, funding speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are charged when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They're charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither IC Markets or fxgrow charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by IC Markets and fxgrow are comparatively greater. Consequently, you are billed more for non-trading activities in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs fxgrow review for 2023 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And fxgrow
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| Broker | IC Markets | fxgrow |
| Minimum Deposit | $200 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
| Find Out More |
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What Languages Do IC Markets And fxgrow Support?
Being able to communicate easily with your trading broker is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Below you can find all the languages that both IC Markets and fxgrow support.
How Many Clients Do IC Markets and fxgrow Have?
Both IC Markets and fxgrow are well established with their client base. It is really important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers IC Markets and fxgrow have
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| Broker | IC Markets | fxgrow |
| Clients / Users | 60,000+ | 3,500,000+ |
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What Payment Methods Do IC Markets and fxgrow Accept?
IC Markets and fxgrow 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 fxgrow
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| Broker | IC Markets | fxgrow |
| 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 fxgrow?
IC Markets offers 232 trading instruments whilst fxgrow offers 128.
Below you will find a full breakdown of what both IC Markets and fxgrow offer.
Compare IC Markets To All Other Brokers
Compare fxgrow To All Other Brokers