IC Markets vs lightspeed, Updated for 2023

Compare IC Markets vs lightspeed

All online trading platforms has a few pros and cons, so a complete analysis of IC Markets vs lightspeed should not be regarded as thorough without having a fair assessment.

Compare lightspeed and IC Markets in order to understand just how they line up with one another before you choose to make an account. Conducting a comprehensive comparison will place factors in perspective to ensure that you're aware of what you should anticipate.

So you are looking for a reputable broker and are choosing between IC Markets or lightspeed. Who should you choose?

This IC Markets vs lightspeed comparison contains the latest information so you can easily compare lightspeed against IC Markets.

If you're 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 comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you have to choose the ideal broker who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and lightspeed are two such platforms which will take you along with your investment to great heights. It's crucial that you compare IC Markets vs lightspeed before you trust them with your cash.

Our IC Markets vs lightspeed comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and lightspeed side by side.

Our full IC Markets vs lightspeed Review covers everything you need to know about trading using either IC Markets or lightspeed. A good agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investment goals.

There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all agents are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and lightspeed are both brokers which have found their way successfully to the broker world. Within this review, we've attempted to collate a number of the important aspects of both IC Markets and lightspeed. This review will allow you to know whether either lightspeed or IC Markets is a good match for your own investments or not. We have attempted to breakdown all the features and charges for your convenience.

Benefits of IC Markets and lightspeed Compared

IC Markets has a minimum deposit of $200 while lightspeed has a $250 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and lightspeed 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 lightspeed has around 232 financial instruments on their platform.

The more financial instruments you can trade on the IC Markets and lightspeed 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 lightspeed.

IC Markets and lightspeed Contact Details

Being able to contact a broker simply is important. IC Markets and lightspeed have the following contact details and social medias that you can use.

lightspeed 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 lightspeed we'll check whether either of their mobile apps tick all the boxes.

Overall, we rate the user-friendliness of both apps as Better than the 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. 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 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 lightspeed - Awards

IC Markets vs lightspeed - Frequently Asked Questions

IC Markets vs lightspeed - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

lightspeed was founded in 2014 and has its headquaters in USA.

What is the minimum deposit for lightspeed or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for lightspeed 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 lightspeed are a good choice.

IC Markets vs lightspeed - 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).

lightspeed 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-F269.

Both IC Markets and lightspeed have a powerful collection of rules for ensuring fair trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs lightspeed Commission And Fees

IC Markets and lightspeed are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily affected by the number of clients they have.

But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly three types of fees for this objective.

The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such cases, you're paying a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference 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.

Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.

Generally, neither IC Markets or lightspeed 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 smaller sum. This is beneficial for people who often exchange, such as weekly or daily trading.

However, non-trading fees charged by IC Markets and lightspeed are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.

This IC Markets vs lightspeed review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And lightspeed

What Languages Do IC Markets And lightspeed Support?

Being able to chat completely with your online broker is a key way of comparing brokers 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.

Here you will find all the languages that both IC Markets and lightspeed support.

How Many Clients Do IC Markets and lightspeed Have?

Both IC Markets and lightspeed are well established with their client base. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many users IC Markets and lightspeed are working with

What Payment Methods Do IC Markets and lightspeed Accept?

IC Markets and lightspeed 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 lightspeed

What Can You Trade With IC Markets and lightspeed?

IC Markets offers 232 trading instruments while lightspeed offers 152.

Below you will find a full breakdown of what both IC Markets and lightspeed offer.