eOption vs IC Markets, 2024 Update
eOption Rating
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IC Markets Rating
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Your capital is at risk |
Losses can exceed deposits |
eOption vs IC Markets Guide |
Read our In-Depth eOption vs IC Markets Review - for 2024
Our eOption vs IC Markets review has been refreshed to reflect any changes for 2024 by seasoned professionals with years of financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of eOption vs IC Markets does not apply to all countries as follows:
eOption Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Compare eOption vs IC Markets
All trading platforms has certain advantages and disadvantages, so any comprehensive analysis of eOption vs IC Markets cannnot be complete without adopting a balanced approach.
Assess IC Markets and eOption in order to understand how these platforms compare against one another before you open an account. Performing a comprehensive comparison can bring aspects into perspective in order that you're cognizant of what to expect.
So you are looking for a reputable broker and are choosing between eOption or IC Markets. Who should you choose?
This eOption vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against eOption.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll get proficient at all the concepts of brokerage since you continue trading. For starters, you need to select the right agent who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. eOption and IC Markets are two such platforms which will take you along with your investment into great heights. It's crucial that you compare eOption vs IC Markets before you trust them with your money.
Our eOption vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eOption and IC Markets side by side.
Our full eOption vs IC Markets Review covers everything you will need to learn about trading using either eOption or IC Markets. A good broker can multiply your initial investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment goals.
There is no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It is a common misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
eOption and IC Markets are both brokers that have paved their way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both eOption and IC Markets. This review will help you to know whether either IC Markets or eOption is a fantastic match for your own investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Benefits of eOption and IC Markets Compared
eOption has a minimum deposit of $500 while IC Markets offers a $200 minimum deposit.
Why smaller minimum deposits are good and how eOption and IC Markets 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.
eOption has around 274 financial instruments whilst IC Markets has around 274 financial instruments available.
The more instruments you can trade on the eOption and IC Markets 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 seriously do not want to miss out on a trading opportunity due to the limitations of eOption or IC Markets.
eOption and IC Markets Contact Details
Being able to contact your broker through many ways is vital. eOption and IC Markets have the following contact details and social medias that you can use.
Broker | eOption | IC Markets |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
eOption Twitter Account | IC Markets Twitter Account | |
eOption Facebook Page | IC Markets Facebook Page | |
eOption Instagram Account | IC Markets Instagram Account | |
eOption LinkedIn Page | IC Markets LinkedIn Page | |
YouTube | eOption YouTube Channel | IC Markets YouTube Channel |
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IC Markets and eOption 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.
This part of comparing eOption and IC Markets will examine whether their mobile app meets all our requirements.
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. 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?
eOption vs IC Markets - Awards
Broker | eOption | IC Markets |
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Awards | At the time of writing this eOption review, and despite eOption’s impressive offering, the company has surprisingly not garnered any awards to date. |
IC Markets have won many industry awards over the years they have been operating as a financial broker. We detail the most notable awards for IC Markets here.
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Find Out More |
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eOption vs IC Markets - Frequently Asked Questions
eOption vs IC Markets - Headquarters And Year Of Founding
eOption was founded in 2008 and has its headquaters in USA.
IC Markets was founded in 2007 and has its headquaters in Australia.
What is the minimum deposit for IC Markets or eOption
The minimum deposit for eOption is $500.
The minimum deposit for IC Markets is $200.
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 eOption and IC Markets are a good choice.
eOption vs IC Markets - Regulation And Licencing In More Detail
eOption is regulated by Unregulated.
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
eOption is unregulated but IC Markets has a powerful set of rules for ensuring honest trading on its individual platforms. For information encryption functions, they supply industry-standard secure socket layer (SSL).
In accordance with their own privacy policy, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eOption vs IC Markets Commission And Fees
eOption and IC Markets are online broker platforms, and many online brokerages charge lower fees 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 is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties 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're charged trading charges. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading fees and the prices differ 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 cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither eOption or IC Markets charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees charged by eOption and IC Markets are comparatively higher. As a result, you're charged more for non-trading actions in your trading account, like deposits and withdrawal. These are not about the purchase and sale of assets.
This eOption vs IC Markets review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For eOption And IC Markets
Broker | eOption | IC Markets |
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Minimum Deposit | $500 | $200 |
Withdrawal Fees | Yes | No |
Inactivity Fees | No | No |
Deposit Fees | Yes | Yes |
CFD Fees | No | Yes |
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What Languages Do eOption And IC Markets Support?
Being able to chat completely with your online platform is a key part of comparing trading platforms to find the best broker. 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 online.
Here you will find the languages that both eOption and IC Markets offer communication in.
How Many Clients Do eOption and IC Markets Have?
Both eOption and IC Markets are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients eOption and IC Markets are working with
Broker | eOption | IC Markets |
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Clients / Users | 10,000+ | 60,000+ |
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What Payment Methods Do eOption and IC Markets Accept?
eOption and IC Markets 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 eOption and IC Markets
Broker | eOption | IC Markets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | Yes | No |
Neteller | No | Yes |
Find Out More |
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What Can You Trade With eOption and IC Markets?
eOption offers 274 trading instruments while IC Markets offers 232.
Below you will find a full breakdown of what both eOption and IC Markets offer.
eOption Review
eOption vs IC Markets:
Table Of Contents
- Compare eOption vs IC Markets
- Benefits of eOption and IC Markets Compared
- IC Markets and eOption Mobile App Comparison
- eOption vs IC Markets - Awards
- eOption vs IC Markets - Frequently Asked Questions
- What is the minimum deposit for IC Markets or eOption
- eOption vs IC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For eOption And IC Markets
- What Languages Do eOption And IC Markets Support?
- How Many Clients Do eOption and IC Markets Have?
- What Payment Methods Do eOption and IC Markets Accept?
- What Can You Trade With eOption and IC Markets?