IC Markets vs mgk global, for 2022
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IC Markets Rating: 8.34 / 10 |
mgk global Rating: 5.75 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs mgk global Guide |
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Read our In-Depth IC Markets vs mgk global Review - 2022 Update
This IC Markets vs mgk global review has been updated for 2022 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 mgk global review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
mgk global Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between IC Markets or mgk global. Which one is best in 2022?
Our IC Markets vs mgk global review contains the most recent information so you can easily compare mgk global against IC Markets.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all the concepts of brokerage as you continue trading. For starters, you need to select the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and mgk global are two such platforms which will take you along with your investment to great heights. It is crucial to compare IC Markets vs mgk global until you trust them with your cash.
Our IC Markets vs mgk global comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and mgk global side by side.
Our full IC Markets vs mgk global Review covers everything you will need to know about trading with either IC Markets or mgk global. A good agent can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that contrasts with your investment objectives.
There is no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It is a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and mgk global are both brokers which have paved their way successfully to the brokerage world. Within this review, we've tried to collate a number of the important facets of both IC Markets and mgk global. This review will help you to understand whether either mgk global or IC Markets is a fantastic fit for your own investments or not. We have attempted to breakdown all of the features and charges for your advantage.
Compare IC Markets vs mgk global
Every online trading system will have some pros and cons, and no IC Markets and mgk global review would be complete without showing both sides. Compare IC Markets and mgk global 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.
Benefits of IC Markets and mgk global Compared
IC Markets offers a minimum deposit of $200 while mgk global has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and mgk global 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 mgk global allows you to trade around 232 available.
The more instruments you can trade on the IC Markets and mgk global 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 mgk global.
IC Markets and mgk global Contact Details
Being able to contact a broker simply is important. IC Markets and mgk global have the following contact details and social medias that you can use.
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| Broker | IC Markets | mgk global |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | mgk global Twitter Account | |
| IC Markets Facebook Page | mgk global Facebook Page | |
| IC Markets Instagram Account | mgk global Instagram Account | |
| IC Markets LinkedIn Page | mgk global LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | mgk global YouTube Channel |
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mgk global 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.
This part of comparing IC Markets and mgk global will examine whether their mobile app meets all our requirements.
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.
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 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 mgk global - Awards
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| Broker | IC Markets | mgk global |
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IC Markets have won a lot of industry awards over the years they have been operating as an online trading platform. We show the most notable awards for IC Markets below.
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At the time of writing this mgk global review, and despite mgk global’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs mgk global - Frequently Asked Questions
IC Markets vs mgk global - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
mgk global was founded in 2011 and has its headquaters in Cayman Islands.
What is the minimum deposit for mgk global or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for mgk global 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 mgk global are a good choice.
IC Markets vs mgk global - 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).
mgk global 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-F278.
Both IC Markets and mgk global have a strong set of rules for ensuring fair trading on their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs mgk global Commission And Fees
IC Markets and mgk global are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily affected by the number of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you're spending 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 flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those who are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or mgk global charge high fees compared 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 people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and mgk global are relatively higher. As a result, you're billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of resources.
This IC Markets vs mgk global review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And mgk global
What Languages Do IC Markets And mgk global Support?
Being able to chat easily with your trading broker is a key way of comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Here you can find all the languages that both IC Markets and mgk global offer communication in.
How Many Clients Do IC Markets and mgk global Have?
Both IC Markets and mgk global are well established with their client base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and mgk global are active on their platform
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| Broker | IC Markets | mgk global |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and mgk global Accept?
IC Markets and mgk global 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 mgk global
What Can You Trade With IC Markets and mgk global?
IC Markets offers 232 trading instruments and mgk global offers 161.
Below you will find a full breakdown of what both IC Markets and mgk global offer.
Compare IC Markets To All Other Brokers
Compare mgk global To All Other Brokers
