forextime vs IC Markets, Who's The Best?
forextime Rating
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IC Markets Rating
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Your capital is at risk |
Losses can exceed deposits |
forextime vs IC Markets Guide |
Read our In-Depth forextime vs IC Markets Review - 2024 Update
Our forextime vs IC Markets review has been revised to reflect any changes for 2024 from seasoned professionals with years of financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of forextime vs IC Markets does not apply to all countries as follows:
forextime 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 forextime vs IC Markets
Every online trading platforms will have some ups and downs, so any comprehensive review of forextime and IC Markets should not be complete without embracing a fair assessment.
Assess IC Markets and forextime to get a better understanding of just how these platforms compare with each other before you create an account. Performing a comprehensive comparison helps to place factors in perspective so that you're informed about the expectations.
So you are looking for a broker and are choosing between forextime or IC Markets. Who is better in 2024?
This forextime vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against forextime.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage since you keep trading. For starters, you need to choose the right broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. forextime and IC Markets are just two such trading platforms that will take you and your investment to great heights. It's crucial that you compare forextime vs IC Markets until you trust them with your cash.
Our forextime vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust forextime and IC Markets side by side.
Our entire forextime vs IC Markets Review covers all you need to know about trading with either forextime or IC Markets. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investing objectives.
There's absolutely no sure-fire way to guarantee profits; thus, you must carefully analyze your broker before you select them. It's a common misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
forextime and IC Markets are both brokers which have forged their way successfully to the broker world. In this review, we've attempted to collate some of the important facets of both forextime and IC Markets. This review can help you to know whether either IC Markets or forextime is a good match for your own investments or not. We have tried to breakdown all the qualities and fees for your advantage.
Benefits of forextime and IC Markets Compared
forextime offers a minimum deposit of $250 while IC Markets has a $200 minimum deposit.
Why smaller minimum deposits are good and how forextime 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.
forextime allows you to trade around 113 financial instruments while IC Markets allows you to trade around 113 available.
The more financial instruments you can trade on the forextime and IC Markets 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 forextime or IC Markets.
forextime and IC Markets Contact Details
Being able to contact your broker through many ways is vital. forextime and IC Markets have the following contact details and social medias that you can use.
Broker | forextime | IC Markets |
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Telephone Number | +248 467 19 76 | |
support@icmarkets.com | ||
Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | |
forextime Twitter Account | IC Markets Twitter Account | |
forextime Facebook Page | IC Markets Facebook Page | |
forextime Instagram Account | IC Markets Instagram Account | |
forextime LinkedIn Page | IC Markets LinkedIn Page | |
YouTube | forextime YouTube Channel | IC Markets YouTube Channel |
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IC Markets and forextime 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 forextime and IC Markets we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
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?
forextime vs IC Markets - Awards
Broker | forextime | IC Markets |
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Awards | At the time of writing this forextime review, and despite forextime’s impressive offering, the company has surprisingly not garnered any awards to date. |
IC Markets have won numerous industry awards over the years they have been running as a financial broker. We show the most notable awards for IC Markets below.
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forextime vs IC Markets - Frequently Asked Questions
forextime vs IC Markets - Headquarters And Year Of Founding
forextime was founded in 2011 and has its head office in Lebanon.
IC Markets was founded in 2007 and has its head office in Australia.
What is the minimum deposit for IC Markets or forextime
The minimum deposit for forextime is $250.
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 forextime and IC Markets are a good option.
forextime vs IC Markets - Regulation And Licencing In More Detail
forextime 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-F230.
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Both forextime and IC Markets have a strong collection of rules for ensuring honest trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare forextime vs IC Markets Commission And Fees
forextime and IC Markets are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an online broker isn't necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
In general, neither forextime or IC Markets charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees billed by forextime and IC Markets are relatively lower. As a result, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This forextime vs IC Markets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For forextime And IC Markets
What Languages Do forextime And IC Markets Support?
Being able to talk easily with your online broker is a key way of comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading online.
Here you can find all the languages that both forextime and IC Markets support.
How Many Clients Do forextime and IC Markets Have?
Both forextime and IC Markets are well established with their customer base. It is important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients forextime and IC Markets are active on their platform
Broker | forextime | IC Markets |
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Clients / Users | 200,000+ | 60,000+ |
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What Payment Methods Do forextime and IC Markets Accept?
forextime 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 forextime and IC Markets
Broker | forextime | IC Markets |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | Yes |
Skrill | Yes | Yes |
Payoneer | Yes | No |
Neteller | Yes | Yes |
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What Can You Trade With forextime and IC Markets?
forextime offers 113 trading instruments while IC Markets offers 232.
Below you will find a full breakdown of what both forextime and IC Markets offer.
forextime Review
forextime vs IC Markets:
Table Of Contents
- Compare forextime vs IC Markets
- Benefits of forextime and IC Markets Compared
- IC Markets and forextime Mobile App Comparison
- forextime vs IC Markets - Awards
- forextime vs IC Markets - Frequently Asked Questions
- What is the minimum deposit for IC Markets or forextime
- forextime vs IC Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For forextime And IC Markets
- What Languages Do forextime And IC Markets Support?
- How Many Clients Do forextime and IC Markets Have?
- What Payment Methods Do forextime and IC Markets Accept?
- What Can You Trade With forextime and IC Markets?