IC Markets vs selftrade, Who's Better?

Compare IC Markets vs selftrade

Each trading platforms will have certain advantages and disadvantages, so any comprehensive analysis of IC Markets vs selftrade should not be regarded as thorough without embracing an objective perspective.

Compare selftrade and IC Markets to get a better understanding of the way these platforms line up to each other prior to you create an account. Conducting a side-by-side comparison will place factors into perspective to ensure that you are aware of the expectations.

So you are looking for an online trading platform and are choosing between IC Markets or selftrade. Who is better in 2023?

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 brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you need to choose the right agent who will be transparent with you constantly.

In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and selftrade are two such companies that will take you along with your investment into great heights. It is important 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 full IC Markets vs selftrade Review covers everything you need to learn about trading with either IC Markets or selftrade. A fantastic broker can multiply your initial investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a common misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.

IC Markets and selftrade are both brokers which have forged their way successfully into the broker world. Within this review, we have tried to collate a number of the vital aspects of both IC Markets and selftrade. This review can help you to know whether either selftrade or IC Markets is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and fees for your convenience.

Benefits of IC Markets and selftrade Compared

IC Markets has 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 while selftrade has around 232 on their platform.

The more instruments you can trade on the IC Markets and selftrade 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.

selftrade 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 selftrade 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 crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

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 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 selftrade - Awards

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 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 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 own platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their privacy policies, client data is to not be shared with any other institutions or individuals. Including 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 fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker is not necessarily affected by the amount of customers they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of fees for this purpose.

The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you're spending a spread, funding rate, 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 volume. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are people who are billed when you hold a leveraged position for more than daily.

Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.

In general, neither IC Markets or selftrade charge high fees compared to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who often exchange, such as daily or weekly trading.

But, non-trading fees charged by IC Markets and selftrade are comparatively competitive. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.

This IC Markets vs selftrade review for 2023 breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And selftrade

What Languages Do IC Markets And selftrade Support?

Being able to talk completely with your trading broker is a key way of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading online.

Here you will find the languages that both IC Markets and selftrade offer communication in.

How Many Clients Do IC Markets and selftrade Have?

Both IC Markets and selftrade are well known and trusted. It is important to work with a broker that is reputable and one of the easiest 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 selftrade have

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

What Can You Trade With IC Markets and selftrade?

IC Markets offers 232 trading instruments and selftrade offers 187.

Below you will find a full breakdown of what both IC Markets and selftrade offer.