IC Markets vs speedtrader, 2024 Update
IC Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs speedtrader Guide
Read our In-Depth IC Markets vs speedtrader Review - for 2024
This review comparing IC Markets and speedtrader has been revised to reflect any changes for 2024 from seasoned professionals with considerable expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs speedtrader does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
speedtrader Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs speedtrader
All trading platforms has some pros and cons, so any comprehensive analysis of IC Markets vs speedtrader would not be complete without adopting a balanced approach.
Compare IC Markets and speedtrader to get a better understanding of just how they stack up to each before you choose to create an account. A comprehensive comparison can place factors in perspective in order that you remain aware of what to expect.
So you are looking for a broker and are choosing between IC Markets or speedtrader. Who should you choose?
This IC Markets vs speedtrader comparison contains the latest information so you can easily compare speedtrader against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage since you keep trading. For starters, you need to choose the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and speedtrader are two such trading platforms that will take you and your investment to great heights. It's crucial to compare IC Markets vs speedtrader before you trust them with your cash.
Our IC Markets vs speedtrader comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and speedtrader side by side.
Our full IC Markets vs speedtrader Review covers all you need to learn about trading using either IC Markets or speedtrader. 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 investment goals.
There is no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you choose them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and speedtrader are both brokers which have paved 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 speedtrader. This review will allow you to know whether either speedtrader or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all the features and fees for your convenience.
Benefits of IC Markets and speedtrader Compared
IC Markets offers a minimum deposit of $200 while speedtrader has a $250 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and speedtrader 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 speedtrader allows you to trade around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and speedtrader 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 speedtrader.
IC Markets and speedtrader Contact Details
Being able to contact your broker easily is a sign of a professional broker. IC Markets and speedtrader 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
|speedtrader Twitter Account
|IC Markets Facebook Page
|speedtrader Facebook Page
|IC Markets Instagram Account
|speedtrader Instagram Account
|IC Markets LinkedIn Page
|speedtrader LinkedIn Page
|IC Markets YouTube Channel
|speedtrader YouTube Channel
|Find Out More
speedtrader 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 speedtrader will examine whether their mobile app meets all our requirements.
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. 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 speedtrader - Awards
IC Markets have won a lot of industry awards over the years they have been running as a financial broker. We detail the most recognised awards for IC Markets below.
|At the time of writing this speedtrader review, and despite speedtrader’s impressive offering, the company has surprisingly not garnered any awards to date.
|Find Out More
IC Markets vs speedtrader - Frequently Asked Questions
IC Markets vs speedtrader - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
speedtrader was founded in 2017 and has its head office in Netherlands.
What is the minimum deposit for speedtrader or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for speedtrader 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 speedtrader are a good choice.
IC Markets vs speedtrader - 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).
speedtrader 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-F308.
Both IC Markets and speedtrader have a strong collection of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs speedtrader Commission And Fees
IC Markets and speedtrader are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the amount of clients 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 make money. There are primarily 3 different types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're paying a spread, financing speed, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither IC Markets or speedtrader charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and speedtrader are comparatively higher. As a result, you're billed more for non-trading activities in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This IC Markets vs speedtrader review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And speedtrader
|Find Out More
What Languages Do IC Markets And speedtrader Support?
Being able to chat easily with your online broker is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Below you will find the languages that both IC Markets and speedtrader support.
How Many Clients Do IC Markets and speedtrader Have?
Both IC Markets and speedtrader are well established with their customer base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users IC Markets and speedtrader are active on their platform
|Clients / Users
|Find Out More
What Payment Methods Do IC Markets and speedtrader Accept?
IC Markets and speedtrader 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 speedtrader
|Find Out More
What Can You Trade With IC Markets and speedtrader?
IC Markets offers 232 trading instruments and speedtrader offers 191.
Below you will find a full breakdown of what both IC Markets and speedtrader offer.
IC Markets Review
IC Markets vs speedtrader:
Table Of Contents
- Compare IC Markets vs speedtrader
- Benefits of IC Markets and speedtrader Compared
- speedtrader and IC Markets Mobile App Comparison
- IC Markets vs speedtrader - Awards
- IC Markets vs speedtrader - Frequently Asked Questions
- What is the minimum deposit for speedtrader or IC Markets
- IC Markets vs speedtrader - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And speedtrader
- What Languages Do IC Markets And speedtrader Support?
- How Many Clients Do IC Markets and speedtrader Have?
- What Payment Methods Do IC Markets and speedtrader Accept?
- What Can You Trade With IC Markets and speedtrader?