freetrade vs IC Markets, for 2023
Read our In-Depth freetrade vs IC Markets Review - Updated for 2023
This freetrade vs IC Markets 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 freetrade vs IC Markets review does not apply to all countries as follows:
freetrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and Afghanistan.
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Compare freetrade vs IC Markets
Every online trading system has some pros and cons, and no freetrade and IC Markets review would be complete without showing both sides. Compare freetrade and IC Markets to understand how they line up against each other before you open 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 freetrade or IC Markets. Who should you choose?
This freetrade vs IC Markets comparison contains the most recent information so you can easily compare IC Markets against freetrade.
If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire proficient at all of the concepts of broker since you continue trading. For starters, you need to select the ideal broker who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. freetrade and IC Markets are just two such stages that will take you along with your investment to great heights. It's important to compare freetrade vs IC Markets until you trust them with your cash.
Our freetrade vs IC Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and IC Markets side by side.
Our entire freetrade vs IC Markets Review covers all you need to learn about trading with either freetrade or IC Markets. A good broker 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 investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
freetrade and IC Markets are both brokers which have paved their way successfully to the broker world. In this review, we've attempted to collate some of the vital facets of both freetrade and IC Markets. This review will allow you to know whether either IC Markets or freetrade is a fantastic fit for your own investments or not. We have tried to breakdown all the qualities and charges for your advantage.
Benefits of freetrade and IC Markets Compared
freetrade offers a minimum deposit of $0 while IC Markets has a $200 minimum deposit.
Why smaller minimum deposits are good and how freetrade 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.
freetrade allows you to trade around 115 financial instruments whilst IC Markets allows you to trade around 115 financial instruments on their platform.
The more financial instruments you can trade on the freetrade 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 should never want to miss out on a trading opportunity due to the limitations of freetrade or IC Markets.
freetrade and IC Markets Contact Details
Being able to contact a broker simply is a sign of a professional broker. freetrade and IC Markets have the following contact details and social medias that you can use.
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| Broker | freetrade | IC Markets |
| Telephone Number | +44 203 488 2539 | +248 467 19 76 |
| hello@freetrade.io | support@icmarkets.com | |
| Address | 68 Hanbury St, London, Greater London E1 5JL, GB | Level 4, 50 Carrington Street, Sydney NSW 2000 |
| freetrade Twitter Account | IC Markets Twitter Account | |
| freetrade Facebook Page | IC Markets Facebook Page | |
| freetrade Instagram Account | IC Markets Instagram Account | |
| freetrade LinkedIn Page | IC Markets LinkedIn Page | |
| YouTube | freetrade YouTube Channel | IC Markets YouTube Channel |
| Find Out More |
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IC Markets and freetrade 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 freetrade and IC Markets we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
freetrade vs IC Markets - Awards
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| Broker | freetrade | IC Markets |
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freetrade have won numerous industry awards over the time they have been running as an online broker. We detail the most notable awards for freetrade here.
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IC Markets have won many industry awards over the years they have been running as an online trading platform. We show the most recognised awards for IC Markets here.
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freetrade vs IC Markets - Frequently Asked Questions
freetrade vs IC Markets - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its headquaters in United Kingdom.
IC Markets was founded in 2007 and has its headquaters in Australia.
What is the minimum deposit for IC Markets or freetrade
The minimum deposit for freetrade is $0.
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 freetrade and IC Markets are a good option.
freetrade vs IC Markets - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Both freetrade and IC Markets have a powerful set of rules for ensuring honest trading on their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare freetrade vs IC Markets Commission And Fees
freetrade and IC Markets are online brokerage 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 much better. That is, an online broker is not necessarily affected by the amount of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of penalties for this objective.
The first sort of fees to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such instances, you're spending a spread, funding rate, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those who are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither freetrade or IC Markets charge high fees compared to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by freetrade and IC Markets are comparatively lower. As a result, you are billed more for non-trading actions in your trading account, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This freetrade vs IC Markets review for 2023 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For freetrade And IC Markets
What Languages Do freetrade And IC Markets Support?
Being able to chat completely with your trading platform is a key way of comparing online brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you will find all the languages that both freetrade and IC Markets offer communication in.
How Many Clients Do freetrade and IC Markets Have?
Both freetrade and IC Markets are well known and trusted. It is important to work with a broker you can trust 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 clients freetrade and IC Markets are working with
What Payment Methods Do freetrade and IC Markets Accept?
freetrade 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 freetrade and IC Markets
What Can You Trade With freetrade and IC Markets?
freetrade offers 115 trading instruments whilst IC Markets offers 232.
Below you will find a full breakdown of what both freetrade and IC Markets offer.
Compare freetrade To All Other Brokers
Compare IC Markets To All Other Brokers