IC Markets vs orbex, for 2023
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IC Markets Rating
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orbex Rating
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Losses can exceed deposits |
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IC Markets vs orbex Guide |
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Read our In-Depth IC Markets vs orbex Review - for 2023
This IC Markets vs orbex 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 orbex review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
orbex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs orbex
Every online trading platform has a few ups and downs, and no IC Markets and orbex review would be complete without having a balanced approach. Compare IC Markets and orbex to understand how they line 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 orbex. Who is better in 2023?
Our IC Markets vs orbex comparison contains the latest information so you can easily compare orbex against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire proficient at all of the concepts of broker since you keep trading. For starters, you need to choose the right agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and orbex are two such companies which will take you along with your investment to great heights. It is crucial that you compare IC Markets vs orbex until you trust them with your money.
Our IC Markets vs orbex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and orbex side by side.
Our full IC Markets vs orbex Review covers all you will need to learn about trading using either IC Markets or orbex. A good agent can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to ensure profits; therefore, you should carefully assess your agent before you select them. It is a common misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
IC Markets and orbex are both brokers that have found their way successfully to the broker world. Within this review, we've attempted to collate some of the important facets of both IC Markets and orbex. This review will allow you to understand whether either orbex or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Benefits of IC Markets and orbex Compared
IC Markets has a minimum deposit of $200 while orbex offers a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and orbex 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 orbex has around 232 on their platform.
The more instruments you can trade on the IC Markets and orbex 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 orbex.
IC Markets and orbex Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. IC Markets and orbex have the following contact details and social medias that you can use.
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| Broker | IC Markets | orbex |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | orbex Twitter Account | |
| IC Markets Facebook Page | orbex Facebook Page | |
| IC Markets Instagram Account | orbex Instagram Account | |
| IC Markets LinkedIn Page | orbex LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | orbex YouTube Channel |
| Find Out More |
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orbex 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 orbex 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 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 orbex - Awards
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| Broker | IC Markets | orbex |
| Awards |
IC Markets have won numerous industry awards over the years they have been operating as a financial broker. We detail the most notable awards for IC Markets below.
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At the time of writing this orbex review, and despite orbex’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs orbex - Frequently Asked Questions
IC Markets vs orbex - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
orbex was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for orbex or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for orbex is $250.
Depending on your current situation, 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 orbex are a good option.
IC Markets vs orbex - 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).
orbex 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-F291.
Both IC Markets and orbex have a powerful collection of rules for ensuring honest trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs orbex Commission And Fees
IC Markets and orbex are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly three types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In these cases, you are spending a spread, financing rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by 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 who are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're billed for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or orbex charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees billed by IC Markets and orbex are comparatively higher. As a result, you're charged more for non-trading activities in your trading account, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This IC Markets vs orbex review for 2023 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And orbex
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| Broker | IC Markets | orbex |
| Minimum Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
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What Languages Do IC Markets And orbex Support?
Being able to talk completely with your trading broker is a key part of comparing online brokers to find the best 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 factor to success when trading online.
Here you will find all the languages that both IC Markets and orbex support.
How Many Clients Do IC Markets and orbex Have?
Both IC Markets and orbex are well established with their client base. It is really important to work with a broker that is professional 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 users IC Markets and orbex are active on their platform
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| Broker | IC Markets | orbex |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and orbex Accept?
IC Markets and orbex 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 orbex
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| Broker | IC Markets | orbex |
| 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 orbex?
IC Markets offers 232 trading instruments and orbex offers 174.
Below you will find a full breakdown of what both IC Markets and orbex offer.
Compare IC Markets To All Other Brokers
Compare orbex To All Other Brokers