IC Markets vs Varengold Bank, Who's The Best?

Compare IC Markets vs Varengold Bank

Every platforms for online trading will have certain advantages and disadvantages, and a complete review of IC Markets and Varengold Bank should not be complete without embracing an objective perspective.

Examine Varengold Bank and IC Markets in order to understand just how they compare to each other before you choose to create an account. Performing a side-by-side comparison will put things into perspective so that you remain cognizant of what to expect.

So you are looking for a professional broker and are choosing between IC Markets or Varengold Bank. Which one is best in 2023?

This IC Markets vs Varengold Bank comparison contains the most recent information so you can easily compare Varengold Bank against IC Markets.

If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing 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 broker as you continue trading. For starters, you have to choose the right broker who will be transparent with you constantly.

Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Varengold Bank are just two such stages which will take you and your investment into great heights. It's important that you compare IC Markets vs Varengold Bank before you trust them with your money.

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

Our full IC Markets vs Varengold Bank Review covers everything you need to learn about trading with either IC Markets or Varengold Bank. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment objectives.

There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and Varengold Bank are both brokers which have forged their way successfully to the brokerage world. In this review, we have tried to collate a number of the important facets of both IC Markets and Varengold Bank. This review will help you to know whether either Varengold Bank or IC Markets is a good fit for your own investments or not. We have attempted to breakdown all the qualities and charges for your advantage.

Benefits of IC Markets and Varengold Bank Compared

IC Markets has a minimum deposit of $200 while Varengold Bank has a $250 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Varengold Bank 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 has around 232 financial instruments while Varengold Bank allows you to trade around 232 available.

The more financial instruments you can trade on the IC Markets and Varengold Bank 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 Varengold Bank.

IC Markets and Varengold Bank Contact Details

Being able to contact your broker easily is a sign of a professional broker. IC Markets and Varengold Bank have the following contact details and social medias that you can use.

Varengold Bank 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.

This part of comparing IC Markets and Varengold Bank will examine whether their mobile app meets all our requirements.

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. 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 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 Varengold Bank - Awards

IC Markets vs Varengold Bank - Frequently Asked Questions

IC Markets vs Varengold Bank - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

Varengold Bank was founded in 2008 and has its head office in Germany.

What is the minimum deposit for Varengold Bank or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Varengold Bank is $250.

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 IC Markets and Varengold Bank are a good option.

IC Markets vs Varengold Bank - 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).

Varengold Bank is regulated by Unregulated.

Varengold Bank is unregulated but IC Markets has a strong set of rules for ensuring honest trading on its individual platforms. For information encryption purposes, they supply industry-standard secure socket layer (SSL).

As per their individual privacy policy, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs Varengold Bank Commission And Fees

IC Markets and Varengold Bank are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this objective.

The first sort of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, financing rate, or even 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 other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily.

Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your account. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.

Generally, neither IC Markets or Varengold Bank 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 those who often trade, such as daily or weekly trading.

But, non-trading fees billed by IC Markets and Varengold Bank are comparatively lower. As a result, you are billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of resources.

This IC Markets vs Varengold Bank review for 2023 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For IC Markets And Varengold Bank

What Languages Do IC Markets And Varengold Bank Support?

Being able to talk easily with your online platform is a key part of comparing online 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 factor to success when trading forex.

Below you will find all the languages that both IC Markets and Varengold Bank support.

How Many Clients Do IC Markets and Varengold Bank Have?

Both IC Markets and Varengold Bank are well known and trusted. It is important to work with a broker that is reputable 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 users IC Markets and Varengold Bank are active on their platform

What Payment Methods Do IC Markets and Varengold Bank Accept?

IC Markets and Varengold Bank 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 Varengold Bank

What Can You Trade With IC Markets and Varengold Bank?

IC Markets offers 232 trading instruments and Varengold Bank offers 248.

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