IC Markets vs USAA, Who's The Best?

Compare IC Markets vs USAA

Every platforms for online trading will have some advantages and disadvantages, and a complete analysis of IC Markets vs USAA cannnot be regarded as thorough without having an objective perspective.

Compare USAA and IC Markets to get a better understanding of just how these platforms line up to one another before you choose to make an account. Conducting a comparative analysis will bring aspects in perspective to ensure that you're informed about what you should anticipate.

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

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

If you're 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 get adept at all the concepts of brokerage as you continue trading. For starters, you have to select the right agent who'll be clear with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and USAA are two such trading platforms which will take you and your investment into great heights. It's important to compare IC Markets vs USAA before you trust them with your money.

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

Our full IC Markets vs USAA Review covers everything you need to learn about trading using either IC Markets or USAA. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investment objectives.

There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all agents are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.

IC Markets and USAA are both brokers that have forged their way successfully into the broker world. In this review, we've attempted to collate some of the important facets of both IC Markets and USAA. This review can allow you to know whether either USAA or IC Markets is a fantastic fit for your investments or not. We have tried to breakdown all of the features and fees for your advantage.

Benefits of IC Markets and USAA Compared

IC Markets has a minimum deposit of $200 while USAA has a $25 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and USAA 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 while USAA allows you to trade around 232 financial instruments on their platform.

The more financial instruments you can trade on the IC Markets and USAA 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 seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or USAA.

IC Markets and USAA Contact Details

Being able to contact an online trading platform simply is a sign of a professional broker. IC Markets and USAA have the following contact details and social medias that you can use.

USAA and IC Markets 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.

In this part of our comparison of IC Markets and USAA 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 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

IC Markets vs USAA - Awards

IC Markets vs USAA - Frequently Asked Questions

IC Markets vs USAA - Headquarters And Year Of Founding

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

USAA was founded in 2008 and has its head office in United States.

What is the minimum deposit for USAA or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for USAA is $25.

Depending on your circumstances, 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 USAA are a good option.

IC Markets vs USAA - 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).

USAA is regulated by Financial Conduct Authority (FCA), The Prudential Regulation Authority (PRA).

Both IC Markets and USAA have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs USAA Commission And Fees

IC Markets and USAA are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the number of clients they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 different types of fees for this objective.

The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such cases, you're spending a spread, financing rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you maintain a leveraged position for longer than a day.

Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.

In general, neither IC Markets or USAA charge high fees compared to other online agents. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who regularly trade, such as daily or weekly trading.

But, non-trading fees billed by IC Markets and USAA are comparatively greater. Consequently, you are billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These aren't related to the sale and purchase of resources.

This IC Markets vs USAA review for 2025 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And USAA

What Languages Do IC Markets And USAA Support?

Being able to communicate completely with your trading platform is a key element when comparing brokers to find your perfect trading partner. 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 USAA offer communication in.

How Many Clients Do IC Markets and USAA Have?

Both IC Markets and USAA are well known and trusted. It is really important to work with an online broker that is reputable and one of the easiest ways of establishing this is by knowing how many customers are using their services.

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

What Payment Methods Do IC Markets and USAA Accept?

IC Markets and USAA 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 USAA

What Can You Trade With IC Markets and USAA?

IC Markets offers 232 trading instruments while USAA offers 242.

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