IC Markets vs sogotrade, Updated for 2024

Compare IC Markets vs sogotrade

Each trading platforms has certain pros and cons, so any comprehensive review of IC Markets and sogotrade should not be regarded as thorough without embracing an objective perspective.

Examine IC Markets and sogotrade in order to understand the way they line up to each before you make an account. Conducting a side-by-side comparison can bring aspects into perspective to ensure that you are aware of what you should anticipate.

So you are looking for a professional broker and are choosing between IC Markets or sogotrade. Who should you choose?

Our IC Markets vs sogotrade comparison contains the most recent information so you can easily compare sogotrade against IC Markets.

If you're a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You will get proficient at all of the concepts of brokerage since you continue trading. For starters, you have to select the right agent who'll be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and sogotrade are two such companies which will take you along with your investment to great heights. It's important that you compare IC Markets vs sogotrade until you trust them with your cash.

Our IC Markets vs sogotrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and sogotrade side by side.

Our full IC Markets vs sogotrade Review covers all you will need to learn about trading using either IC Markets or sogotrade. A good broker can multiply your first investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing objectives.

There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.

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

Benefits of IC Markets and sogotrade Compared

IC Markets has a minimum deposit of $200 while sogotrade has a $250 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and sogotrade 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 while sogotrade allows you to trade around 232 financial instruments on their platform.

The more instruments you can trade on the IC Markets and sogotrade 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 never want to miss out on a trading opportunity due to the limitations of IC Markets or sogotrade.

IC Markets and sogotrade Contact Details

Being able to contact an online trading platform through many ways is important. IC Markets and sogotrade have the following contact details and social medias that you can use.

sogotrade 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 sogotrade 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 important that any trading app has user friendly capabilities especially with the

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. 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 sogotrade - Awards

IC Markets vs sogotrade - Frequently Asked Questions

IC Markets vs sogotrade - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

sogotrade was founded in 2016 and has its head office in USA.

What is the minimum deposit for sogotrade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for sogotrade is $250.

Depending on your circumstances, 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 sogotrade are a good choice.

IC Markets vs sogotrade - 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).

sogotrade 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-F307.

Both IC Markets and sogotrade have a strong collection of rules for ensuring fair trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

In accordance with their individual privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs sogotrade Commission And Fees

IC Markets and sogotrade are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of fees for this purpose.

The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you are spending a spread, financing speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than daily.

Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

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

However, non-trading fees billed by IC Markets and sogotrade are comparatively lower. As a result, you're charged more for non-trading activities on your trading account, like withdrawal and deposits. These aren't about the purchase and sale of resources.

This IC Markets vs sogotrade review for 2024 breaks down every one of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And sogotrade

What Languages Do IC Markets And sogotrade Support?

Being able to communicate easily with your online broker is a key element when comparing brokers to find the best trading partner. 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 forex.

Below you will find the languages that both IC Markets and sogotrade support.

How Many Clients Do IC Markets and sogotrade Have?

Both IC Markets and sogotrade are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.

Below you will find details of how many users IC Markets and sogotrade are working with

What Payment Methods Do IC Markets and sogotrade Accept?

IC Markets and sogotrade 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 sogotrade

What Can You Trade With IC Markets and sogotrade?

IC Markets offers 232 trading instruments while sogotrade offers 190.

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