IC Markets vs phillip capital limited, Updated for 2022
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IC Markets Rating: 8.34 / 10 |
phillip capital limited Rating: 4.70 / 10 |
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Losses can exceed deposits |
Your capital is at risk |
IC Markets vs phillip capital limited Guide |
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Read our In-Depth IC Markets vs phillip capital limited Review - Updated for 2022
This IC Markets vs phillip capital limited 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 phillip capital limited review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
phillip capital limited Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for an online trading platform and are choosing between IC Markets or phillip capital limited. Who should you choose?
This IC Markets vs phillip capital limited review contains the latest information so you can easily compare phillip capital limited against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the ideal agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and phillip capital limited are two such trading platforms which will take you and your investment into great heights. It is crucial to compare IC Markets vs phillip capital limited until you trust them with your money.
Our IC Markets vs phillip capital limited comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and phillip capital limited side by side.
Our full IC Markets vs phillip capital limited Review covers all you need to know about trading using either IC Markets or phillip capital limited. 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 investing goals.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you choose them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
IC Markets and phillip capital limited are both brokers that have forged their way successfully into the brokerage world. In this review, we have attempted to collate some of the vital aspects of both IC Markets and phillip capital limited. This review can allow you to know whether either phillip capital limited or IC Markets is a good fit for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Compare IC Markets vs phillip capital limited
Every online trading platform will have a few pros and cons, and no IC Markets and phillip capital limited review would be complete without showing both sides. Compare IC Markets and phillip capital limited 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.
Benefits of IC Markets and phillip capital limited Compared
IC Markets offers a minimum deposit of $200 while phillip capital limited has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and phillip capital limited 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 while phillip capital limited allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and phillip capital limited 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 phillip capital limited.
IC Markets and phillip capital limited Contact Details
Being able to contact an online trading platform easily is vital. IC Markets and phillip capital limited have the following contact details and social medias that you can use.
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| Broker | IC Markets | phillip capital limited |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
| IC Markets Twitter Account | phillip capital limited Twitter Account | |
| IC Markets Facebook Page | phillip capital limited Facebook Page | |
| IC Markets Instagram Account | phillip capital limited Instagram Account | |
| IC Markets LinkedIn Page | phillip capital limited LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | phillip capital limited YouTube Channel |
| Find Out More |
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phillip capital limited 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 phillip capital limited 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 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 phillip capital limited - Awards
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| Broker | IC Markets | phillip capital limited |
| Awards |
IC Markets have won several 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 phillip capital limited review, and despite phillip capital limited’s impressive offering, the company has surprisingly not garnered any awards to date. |
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IC Markets vs phillip capital limited - Frequently Asked Questions
IC Markets vs phillip capital limited - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
phillip capital limited was founded in 2016 and has its headquaters in Bulgaria.
What is the minimum deposit for phillip capital limited or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for phillip capital limited 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 phillip capital limited are a good option.
IC Markets vs phillip capital limited - 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).
phillip capital limited 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-F295.
Both IC Markets and phillip capital limited have a powerful set of rules for ensuring fair trading onto their individual platforms. For information encryption functions, 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. This includes credit history and other financial information.
Compare IC Markets vs phillip capital limited Commission And Fees
IC Markets and phillip capital limited are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this purpose.
The first kind of fees to look out for are trading fees. 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, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are charged when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither IC Markets or phillip capital limited charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by IC Markets and phillip capital limited are relatively competitive. Consequently, you are billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of assets.
This IC Markets vs phillip capital limited review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And phillip capital limited
What Languages Do IC Markets And phillip capital limited Support?
Being able to talk completely with your trading broker is a key way of comparing trading platforms to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you can find all the languages that both IC Markets and phillip capital limited support.
How Many Clients Do IC Markets and phillip capital limited Have?
Both IC Markets and phillip capital limited are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and phillip capital limited are active on their platform
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| Broker | IC Markets | phillip capital limited |
| Clients / Users | 60,000+ | 10,000+ |
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What Payment Methods Do IC Markets and phillip capital limited Accept?
IC Markets and phillip capital limited 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 phillip capital limited
What Can You Trade With IC Markets and phillip capital limited?
IC Markets offers 232 trading instruments while phillip capital limited offers 178.
Below you will find a full breakdown of what both IC Markets and phillip capital limited offer.
Compare IC Markets To All Other Brokers
Compare phillip capital limited To All Other Brokers
