IC Markets vs questrade, Who's Better?
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs questrade Guide
Read our In-Depth IC Markets vs questrade Review - 2023 Update
Our review comparing IC Markets and questrade has been revised to reflect any changes for 2023 by industry experts boasting considerable expertise across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs questrade does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
questrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs questrade
All online trading platforms has a few advantages and disadvantages, and a complete analysis of IC Markets vs questrade should not be complete without embracing a balanced approach.
Assess IC Markets and questrade to understand how they compare against each before you choose to make an account. Performing a side-by-side comparison can put things into perspective to ensure that you are informed about what you should anticipate.
So you are looking for a broker and are choosing between IC Markets or questrade. Which one is best in 2023?
Our IC Markets vs questrade comparison contains the latest information so you can easily compare questrade against IC Markets.
If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage since you keep trading. For starters, you need to choose the right broker who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and questrade are two such companies which will take you and your investment to great heights. It is important to compare IC Markets vs questrade before you trust them with your money.
Our IC Markets vs questrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and questrade side by side.
Our full IC Markets vs questrade Review covers everything you will need to learn about trading using either IC Markets or questrade. A fantastic agent can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can set your investments in danger.
IC Markets and questrade are both brokers which have paved their way successfully into the brokerage world. Within this review, we've attempted to collate some of the vital facets of both IC Markets and questrade. This review will allow you to understand whether either questrade or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your convenience.
Benefits of IC Markets and questrade Compared
IC Markets offers a minimum deposit of $200 while questrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and questrade 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 questrade allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and questrade 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 questrade.
IC Markets and questrade Contact Details
Being able to contact your broker easily is important. IC Markets and questrade have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000|
|IC Markets Twitter Account||questrade Twitter Account|
|IC Markets Facebook Page||questrade Facebook Page|
|IC Markets Instagram Account||questrade Instagram Account|
|IC Markets LinkedIn Page||questrade LinkedIn Page|
|YouTube||IC Markets YouTube Channel||questrade YouTube Channel|
|Find Out More||
questrade 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 questrade will examine whether their mobile app meets all our requirements.
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
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 questrade - Awards
IC Markets have won a lot of industry awards over the years they have been operating as an online broker. We detail the most recognised awards for IC Markets here.
|At the time of writing this questrade review, and despite questrade’s impressive offering, the company has surprisingly not garnered any awards to date.|
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IC Markets vs questrade - Frequently Asked Questions
IC Markets vs questrade - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
questrade was founded in 2019 and has its headquaters in New Zealand.
What is the minimum deposit for questrade or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for questrade 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 questrade are a good choice.
IC Markets vs questrade - 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).
questrade 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-F298.
Both IC Markets and questrade have a strong set of rules for ensuring honest trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs questrade Commission And Fees
IC Markets and questrade are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily influenced by the amount of customers they have.
However, 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 3 types of fees for this objective.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, funding rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people who are charged when you hold a leveraged position for longer than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or questrade charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by IC Markets and questrade are comparatively competitive. Consequently, you're billed more for non-trading activities on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This IC Markets vs questrade review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For IC Markets And questrade
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What Languages Do IC Markets And questrade Support?
Being able to communicate completely with your online broker is a key part of comparing trading platforms to find the best broker. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you can find all the languages that both IC Markets and questrade support.
How Many Clients Do IC Markets and questrade Have?
Both IC Markets and questrade 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 understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients IC Markets and questrade are active on their platform
|Clients / Users||60,000+||10,000+|
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What Payment Methods Do IC Markets and questrade Accept?
IC Markets and questrade 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 questrade
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What Can You Trade With IC Markets and questrade?
IC Markets offers 232 trading instruments whilst questrade offers 181.
Below you will find a full breakdown of what both IC Markets and questrade offer.
IC Markets Review
IC Markets vs questrade:
Table Of Contents
- Compare IC Markets vs questrade
- Benefits of IC Markets and questrade Compared
- questrade and IC Markets Mobile App Comparison
- IC Markets vs questrade - Awards
- IC Markets vs questrade - Frequently Asked Questions
- What is the minimum deposit for questrade or IC Markets
- IC Markets vs questrade - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And questrade
- What Languages Do IC Markets And questrade Support?
- How Many Clients Do IC Markets and questrade Have?
- What Payment Methods Do IC Markets and questrade Accept?
- What Can You Trade With IC Markets and questrade?