IC Markets vs selftrade, Updated for 2024
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs selftrade Guide
Read our In-Depth IC Markets vs selftrade Review - for 2024
Our IC Markets vs selftrade review has been revised for 2024 from seasoned professionals with considerable financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs selftrade does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs selftrade
All online trading platforms will have a few pros and cons, so any comprehensive review of IC Markets and selftrade cannnot be complete without embracing a balanced approach.
Compare IC Markets and selftrade to get a better understanding of just how they stack up to one another before you choose to create an account. Performing a side-by-side comparison will put things into perspective so that you are aware of the expectations.
So you are looking for a broker and are choosing between IC Markets or selftrade. Which one is best in 2024?
Our IC Markets vs selftrade comparison contains the most recent information so you can easily compare selftrade against IC Markets.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right broker who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and selftrade are two such trading platforms that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs selftrade before you trust them with your cash.
Our IC Markets vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and selftrade side by side.
Our entire IC Markets vs selftrade Review covers all you will need to learn about trading using either IC Markets or selftrade. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
IC Markets and selftrade are both brokers that have paved their way successfully to the brokerage world. Within this review, we have tried to collate some of the important facets of both IC Markets and selftrade. This review can help you to understand whether either selftrade or IC Markets is a fantastic fit for your own investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Benefits of IC Markets and selftrade Compared
IC Markets offers a minimum deposit of $200 while selftrade has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and selftrade 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 selftrade allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and selftrade 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 should never want to miss out on a trading opportunity due to the limitations of IC Markets or selftrade.
IC Markets and selftrade Contact Details
Being able to contact a broker easily is vital. IC Markets and selftrade have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|selftrade Twitter Account
|IC Markets Facebook Page
|selftrade Facebook Page
|IC Markets Instagram Account
|selftrade Instagram Account
|IC Markets LinkedIn Page
|selftrade LinkedIn Page
|IC Markets YouTube Channel
|selftrade YouTube Channel
|Find Out More
selftrade 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.
In this part of our comparison of IC Markets and selftrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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.
While most brokers are good at this, there are some poor ones. 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 selftrade - Awards
IC Markets have won several industry awards over the years they have been running as an online trading platform. We show the most notable awards for IC Markets below.
|At the time of writing this selftrade review, and despite selftrade’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs selftrade - Frequently Asked Questions
IC Markets vs selftrade - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
selftrade was founded in 2013 and has its head office in Australia.
What is the minimum deposit for selftrade or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for selftrade 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 selftrade are a good choice.
IC Markets vs selftrade - 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).
selftrade 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-F304.
Both IC Markets and selftrade have a powerful set of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs selftrade Commission And Fees
IC Markets and selftrade are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet 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 a variety of services to earn money. There are mainly 3 types of penalties for this purpose.
The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, financing rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither IC Markets or selftrade charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and selftrade are comparatively greater. Consequently, you are billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This IC Markets vs selftrade review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And selftrade
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What Languages Do IC Markets And selftrade Support?
Being able to communicate easily with your online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both IC Markets and selftrade support.
How Many Clients Do IC Markets and selftrade Have?
Both IC Markets and selftrade are well established with their client base. It is important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users IC Markets and selftrade are active on their platform
|Clients / Users
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What Payment Methods Do IC Markets and selftrade Accept?
IC Markets and selftrade 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 selftrade
|Find Out More
What Can You Trade With IC Markets and selftrade?
IC Markets offers 232 trading instruments while selftrade offers 187.
Below you will find a full breakdown of what both IC Markets and selftrade offer.
IC Markets Review
IC Markets vs selftrade:
Table Of Contents
- Compare IC Markets vs selftrade
- Benefits of IC Markets and selftrade Compared
- selftrade and IC Markets Mobile App Comparison
- IC Markets vs selftrade - Awards
- IC Markets vs selftrade - Frequently Asked Questions
- What is the minimum deposit for selftrade or IC Markets
- IC Markets vs selftrade - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And selftrade
- What Languages Do IC Markets And selftrade Support?
- How Many Clients Do IC Markets and selftrade Have?
- What Payment Methods Do IC Markets and selftrade Accept?
- What Can You Trade With IC Markets and selftrade?