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 - Updated for 2024
This review comparing forextime and IC Markets has been refreshed for 2024 by industry experts with years of expertise 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 platforms for online trading will have some ups and downs, and a complete forextime and IC Markets review would not be complete without adopting an objective perspective.
Assess IC Markets and forextime to get a better understanding of just how these platforms stack up against each prior to you choose to open an account. Performing a comprehensive comparison can put things into perspective in order that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between forextime or IC Markets. Who should you choose?
This 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 details will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of brokerage as you keep trading. For starters, you need to select the right broker who will be clear with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. forextime and IC Markets are just two such trading platforms which will take you along with your investment into 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 full forextime vs IC Markets Review covers everything you need to know about trading using either forextime or IC Markets. A good agent can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
forextime and IC Markets are both brokers that have forged their way successfully into the brokerage world. Within this review, we have tried to collate some of the important facets of both forextime and IC Markets. This review will allow you to understand whether either IC Markets or forextime is a good match for your own investments or not. We have tried to breakdown all of the features and charges for your convenience.
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 has around 113 financial instruments available.
The more financial instruments you can trade on the forextime 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 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 a sign of a professional broker. 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
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 forextime and IC Markets will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the 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.
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 |
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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 several industry awards over the time they have been operating as a financial broker. We list 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 headquaters 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 set of rules for ensuring honest trading on their individual platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is never to 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 broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the amount of clients 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 earn money. There are mainly 3 types of penalties for this objective.
The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, financing rate, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are billed for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, 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 amount. This can be beneficial for people who often trade, for example daily or weekly trading.
However, non-trading fees billed by forextime and IC Markets are comparatively competitive. As a result, you're billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the sale and purchase of assets.
This forextime vs IC Markets review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For forextime And IC Markets
What Languages Do forextime And IC Markets Support?
Being able to chat completely with your online broker is a key element when comparing brokers to find the best broker. 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 forex.
Below 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 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 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 and 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?