forextime vs IC Markets, Who's The Best?
forextime Rating
|
IC Markets Rating
|
Your capital is at risk |
Losses can exceed deposits |
forextime vs IC Markets Guide |
Read our In-Depth forextime vs IC Markets Review - for 2024
This comprehensive analysis of forextime and IC Markets has been revised for 2024 by industry experts with significant expertise across 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
All online trading platforms has a few ups and downs, and a complete forextime and IC Markets review cannnot be regarded as thorough without embracing a fair assessment.
Assess forextime and IC Markets in order to understand the way they line up with each prior to you open an account. A comparative analysis will put things in perspective in order that you're informed about what to expect.
So you are looking for a reputable broker and are choosing between forextime or IC Markets. Which one is best in 2024?
Our forextime vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against forextime.
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 demands expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. forextime and IC Markets are two such companies which will take you along with your investment into great heights. It's crucial to compare forextime vs IC Markets before you trust them with your money.
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 learn about trading using either forextime or IC Markets. A good broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you choose them. It is a frequent misconception that all agents are exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
forextime and IC Markets are both brokers which have found their way successfully into the broker world. Within this review, we've tried to collate a number of the important aspects of both forextime and IC Markets. This review will allow you to understand whether either IC Markets or forextime is a good fit for your own investments or not. We've attempted to breakdown all the features and fees for your advantage.
Benefits of forextime and IC Markets Compared
forextime offers a minimum deposit of $250 while IC Markets offers 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 has around 113 financial instruments whilst IC Markets allows you to trade around 113 available.
The more 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 should 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 simply is vital. forextime and IC Markets have the following contact details and social medias that you can use.
Broker | forextime | IC Markets |
---|---|---|
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 |
Find Out More |
|
|
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 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 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 |
---|---|---|
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 a lot of industry awards over the years they have been operating as an online trading platform. We detail the most recognised awards for IC Markets below.
|
Find Out More |
|
|
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 headquaters 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 needs, 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 powerful collection of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes 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 charge. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the number 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 a variety of services to make money. There are primarily three different types of penalties for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither forextime or IC Markets charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by forextime and IC Markets are comparatively competitive. Consequently, you are billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This forextime vs IC Markets review for 2024 breaks down each of the relevant 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 platform is a key part of comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you will find 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 known and trusted. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users forextime and IC Markets have
Broker | forextime | IC Markets |
---|---|---|
Clients / Users | 200,000+ | 60,000+ |
Find Out More |
|
|
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 |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | Yes |
Skrill | Yes | Yes |
Payoneer | Yes | No |
Neteller | Yes | Yes |
Find Out More |
|
|
What Can You Trade With forextime and IC Markets?
forextime offers 113 trading instruments whilst 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?