IC Markets vs Commonwealth Securities, 2023 Update

Compare IC Markets vs Commonwealth Securities

All trading platforms has a few ups and downs, so any comprehensive review of IC Markets and Commonwealth Securities should not be regarded as thorough without having a fair assessment.

Examine Commonwealth Securities and IC Markets in order to understand the way these platforms compare against each other prior to you decide to make an account. A side-by-side comparison helps to put things in perspective so that you are cognizant of what to expect.

So you are looking for a professional broker and are choosing between IC Markets or Commonwealth Securities. Who should you choose?

Our IC Markets vs Commonwealth Securities comparison contains the most recent information so you can easily compare Commonwealth Securities against IC Markets.

If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all of the concepts of brokerage since you continue trading. For starters, you have to select the right broker who will be clear with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. IC Markets and Commonwealth Securities are two such trading platforms that will take you and your investment to great heights. It's crucial to compare IC Markets vs Commonwealth Securities before you trust them with your money.

Our IC Markets vs Commonwealth Securities comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Commonwealth Securities side by side.

Our entire IC Markets vs Commonwealth Securities Review covers all you need to learn about trading using either IC Markets or Commonwealth Securities. A fantastic broker can multiply your first investments and provide you positive profits. If you want to make profits, you must trade with a broker service that contrasts with your investment goals.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you select 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 at risk.

IC Markets and Commonwealth Securities are both brokers that have paved their way successfully into the broker world. Within this review, we've tried to collate some of the vital facets of both IC Markets and Commonwealth Securities. This review can allow you to understand whether either Commonwealth Securities or IC Markets is a fantastic match for your own investments or not. We've tried to breakdown all the features and charges for your convenience.

Benefits of IC Markets and Commonwealth Securities Compared

IC Markets offers a minimum deposit of $200 while Commonwealth Securities offers a $5000 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Commonwealth Securities 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.

IC Markets allows you to trade around 232 financial instruments whilst Commonwealth Securities allows you to trade around 232 available.

The more instruments you can trade on the IC Markets and Commonwealth Securities 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 IC Markets or Commonwealth Securities.

IC Markets and Commonwealth Securities Contact Details

Being able to contact a broker simply is a sign of a professional broker. IC Markets and Commonwealth Securities have the following contact details and social medias that you can use.

Commonwealth Securities and IC Markets 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 IC Markets and Commonwealth Securities we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of both 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. 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?

IC Markets vs Commonwealth Securities - Awards

IC Markets vs Commonwealth Securities - Frequently Asked Questions

IC Markets vs Commonwealth Securities - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

Commonwealth Securities was founded in 1999 and has its headquaters in Australia.

What is the minimum deposit for Commonwealth Securities or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Commonwealth Securities is $5000.

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 IC Markets and Commonwealth Securities are a good option.

IC Markets vs Commonwealth Securities - Regulation And Licencing In More Detail

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Commonwealth Securities is regulated by Cyprus Securities and Exchange Commission (CySEC).

Both IC Markets and Commonwealth Securities have a powerful 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 policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs Commonwealth Securities Commission And Fees

IC Markets and Commonwealth Securities are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the number of clients they have.

But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of penalties for this purpose.

The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you're spending a spread, financing rate, or even a commission. The kinds of trading fees and the prices differ from broker to broker.

Commissions could be fixed or determined by 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 more than daily.

Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.

In general, neither IC Markets or Commonwealth Securities charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often exchange, such as weekly or daily trading.

However, non-trading fees billed by IC Markets and Commonwealth Securities are comparatively greater. As a result, you are charged more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of assets.

This IC Markets vs Commonwealth Securities review for 2023 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And Commonwealth Securities

What Languages Do IC Markets And Commonwealth Securities Support?

Being able to communicate completely with your online broker is a key way 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 app as it is a key factor to success when trading forex.

Below you can find all the languages that both IC Markets and Commonwealth Securities support.

How Many Clients Do IC Markets and Commonwealth Securities Have?

Both IC Markets and Commonwealth Securities are well established with their customer base. It is really 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 they already work with.

Below you will find details of how many clients IC Markets and Commonwealth Securities are active on their platform

What Payment Methods Do IC Markets and Commonwealth Securities Accept?

IC Markets and Commonwealth Securities 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 IC Markets and Commonwealth Securities

What Can You Trade With IC Markets and Commonwealth Securities?

IC Markets offers 232 trading instruments while Commonwealth Securities offers 79.

Below you will find a full breakdown of what both IC Markets and Commonwealth Securities offer.