IC Markets vs mayzus, Who's Better?
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IC Markets Rating
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mayzus Rating
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Losses can exceed deposits |
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IC Markets vs mayzus Guide |
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Read our In-Depth IC Markets vs mayzus Review - Updated for 2023
This IC Markets vs mayzus 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 mayzus review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
mayzus Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs mayzus
Every online trading platform has a few pros and cons, and no IC Markets and mayzus review would be complete without having a balanced approach. Compare IC Markets and mayzus 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 a professional broker and are choosing between IC Markets or mayzus. Who should you choose?
This IC Markets vs mayzus comparison contains the latest information so you can easily compare mayzus against IC Markets.
If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You will get proficient at all the concepts of brokerage as you continue trading. For starters, you need to choose the ideal broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and mayzus are just two such stages that will take you and your investment into great heights. It's crucial to compare IC Markets vs mayzus until you trust them with your cash.
Our IC Markets vs mayzus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and mayzus side by side.
Our entire IC Markets vs mayzus Review covers all you will need to know about trading with either IC Markets or mayzus. A good broker can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you select them. It is a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and mayzus are both brokers that have found their way successfully into the broker world. In this review, we have attempted to collate a number of the vital facets of both IC Markets and mayzus. This review can help you to understand whether either mayzus or IC Markets is a fantastic match for your own investments or not. We have attempted to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and mayzus Compared
IC Markets offers a minimum deposit of $200 while mayzus has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and mayzus 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 while mayzus allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and mayzus 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 mayzus.
IC Markets and mayzus Contact Details
Being able to contact a broker simply is important. IC Markets and mayzus have the following contact details and social medias that you can use.
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| Broker | IC Markets | mayzus |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | mayzus Twitter Account | |
| IC Markets Facebook Page | mayzus Facebook Page | |
| IC Markets Instagram Account | mayzus Instagram Account | |
| IC Markets LinkedIn Page | mayzus LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | mayzus YouTube Channel |
| Find Out More |
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mayzus 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 mayzus 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 the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 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 mayzus - Awards
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| Broker | IC Markets | mayzus |
| Awards |
IC Markets have won many industry awards over the time they have been running as an online trading platform. We list the most recognised awards for IC Markets below.
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At the time of writing this mayzus review, and despite mayzus’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs mayzus - Frequently Asked Questions
IC Markets vs mayzus - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
mayzus was founded in 2020 and has its head office in Dubai.
What is the minimum deposit for mayzus or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for mayzus 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 mayzus are a good choice.
IC Markets vs mayzus - 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).
mayzus 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-F275.
Both IC Markets and mayzus have a strong set of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs mayzus Commission And Fees
IC Markets and mayzus are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of customers they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 different types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are spending a spread, funding rate, or even a commission. The kinds of trading fees and the rates 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 cost. Financing or overnight rates are people who are charged when you hold a leveraged position for longer than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or mayzus charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and mayzus are comparatively competitive. As a result, you are charged more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of assets.
This IC Markets vs mayzus review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And mayzus
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| Broker | IC Markets | mayzus |
| Minimum Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
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What Languages Do IC Markets And mayzus Support?
Being able to communicate easily with your trading broker is a key part of comparing online brokers to find your perfect broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you will find all the languages that both IC Markets and mayzus support.
How Many Clients Do IC Markets and mayzus Have?
Both IC Markets and mayzus are well established with their customer base. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers IC Markets and mayzus have
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| Broker | IC Markets | mayzus |
| Clients / Users | 60,000+ | 150,000+ |
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What Payment Methods Do IC Markets and mayzus Accept?
IC Markets and mayzus 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 mayzus
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| Broker | IC Markets | mayzus |
| Bank Transfers | Yes | Yes |
| Credit Cards | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Payoneer | No | Yes |
| Neteller | Yes | Yes |
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What Can You Trade With IC Markets and mayzus?
IC Markets offers 232 trading instruments whilst mayzus offers 158.
Below you will find a full breakdown of what both IC Markets and mayzus offer.
Compare IC Markets To All Other Brokers
Compare mayzus To All Other Brokers