IC Markets vs speedtrader, Updated for 2023
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IC Markets Rating
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speedtrader Rating
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Losses can exceed deposits |
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IC Markets vs speedtrader Guide |
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Read our In-Depth IC Markets vs speedtrader Review - Updated for 2023
This IC Markets vs speedtrader review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs speedtrader review 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
Every online trading platform will have a few ups and downs, and no IC Markets and speedtrader review would be complete without showing both sides. Compare IC Markets and speedtrader to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between IC Markets or speedtrader. Who should you choose?
This IC Markets vs speedtrader comparison contains the most recent information so you can easily compare speedtrader against IC Markets.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get adept at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. IC Markets and speedtrader are just two such trading platforms which will take you along with your investment into great heights. It is important that you compare IC Markets vs speedtrader before you trust them with your money.
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 entire IC Markets vs speedtrader Review covers everything you need to know about trading using either IC Markets or speedtrader. A good agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
IC Markets and speedtrader are both brokers that have paved their way successfully into the brokerage world. Within this review, we've tried to collate some of the important aspects of both IC Markets and speedtrader. This review will allow you to understand whether either speedtrader or IC Markets is a good match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
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 has around 232 financial instruments while speedtrader allows you to trade around 232 financial instruments available.
The more 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 a broker through many ways is a sign of a professional broker. IC Markets and speedtrader have the following contact details and social medias that you can use.
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| Broker | IC Markets | speedtrader |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | 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 | |
| YouTube | IC Markets YouTube Channel | speedtrader YouTube Channel |
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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.
In this part of our comparison of IC Markets and speedtrader 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 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
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| Broker | IC Markets | speedtrader |
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IC Markets have won several industry awards over the years they have been operating as an online broker. We detail the most notable awards for IC Markets here.
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At the time of writing this speedtrader review, and despite speedtrader’s impressive offering, the company has surprisingly not garnered any awards to date. |
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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 head office 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 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 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 set of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their privacy policies, client information is to not be shared with any other institutions or individuals. Including 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 businesses of online trading platforms are scaled better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, 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 different types of fees for this objective.
The first kind of charges to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or speedtrader charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by IC Markets and speedtrader are relatively lower. As a result, you are billed more for non-trading activities on your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of resources.
This IC Markets vs speedtrader review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And speedtrader
What Languages Do IC Markets And speedtrader Support?
Being able to talk completely with your online platform is a key part of comparing trading platforms to find your perfect broker. 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 online.
Here you can find the languages that both IC Markets and speedtrader offer communication in.
How Many Clients Do IC Markets and speedtrader Have?
Both IC Markets and speedtrader are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers IC Markets and speedtrader are active on their platform
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| Broker | IC Markets | speedtrader |
| Clients / Users | 60,000+ | 3,500,000+ |
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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
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.
Compare IC Markets To All Other Brokers
Compare speedtrader To All Other Brokers