Mobile apps are a great solution for busy traders. Between IC Markets and FP Markets, which one has better mobile trading applications?
When comparing IC Markets with FP Markets regarding trading applications, which one has more advantage? The two brokers are contrasted with each other frequently to determine which of the two is the superior option. The following is a side-by-side comparison of IC Markets and FP Markets' respective mobile applications.
What Kind of Broker is IC Markets?
IC Markets is an Australian trading broker established in 2007 and is now headquartered in Sydney. Since its inception, the company has become one of the largest trading brokers globally.
IC Markets is a real ECN broker that operates under many regulatory umbrellas and offers trading solutions to retail and institutional customers worldwide. The connection and liquidity offered by IC Markets are often regarded as among the best available.
This translates to internet traders now having access to vast liquidity pools, which previously were exclusively available to banks and high-net-worth people. These pools allow for greater pricing. Its ECN approach takes advantage of the most recent and cutting-edge technological advancements to provide clients with low spreads, great liquidity, and quick transaction execution.
IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).
On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.
Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.
The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.
For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.
As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.
To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.
IC Markets Applications
MetaTrader 4, MetaTrader 5, and cTrader are the trading platforms offered by IC Markets. These three trading platforms are currently the most widely used and user-friendly options accessible. The True ECN trading methodology is built into every one of the platforms, and there is no additional charge for any of the different levels of traders.
You may receive access to their greatest potential trading circumstances, regardless of the size of your first investment in the company. The MetaTrader platforms are the best choice because MT4 was the first trading platform I learned to use and became proficient in.
The fact that this broker has more than MetaTrader in their mobile apps means I am not limited in my options when searching for a new broker to work with. The cTrader, on the other hand, possesses certain additional features, but it is not nearly as commonly used as its competitor. Mobile trading apps provided by IC Markets make engaging in trading while traveling easy.
Those individuals who need to access their accounts and manage their positions while on the go from anywhere in the globe where they have a connection to the internet can benefit from this functionality. It is convenient for me to launch my trading app and check what is happening in the markets without having to boot up my laptop computer while doing anything relaxing.
Getting to Know FP Markets
FP Markets enable you to access different kinds of instruments. You may trade various financial products, including Forex, Stocks, Cryptos, and CFDs, with FP Markets. This established and registered broker gives you access to over 10,000 different financial assets to trade across numerous worldwide marketplaces.
They are a broker that has won several awards and provides trustworthy and industry-leading trading conditions. These conditions include highly advanced platforms with clear pricing, narrow spreads, quick execution speeds, and extremely low trading expenses. This broker also has a simple deposit and withdrawal process.
Suppose you are a day trader interested in trading forex, cryptocurrencies, and stocks in a regulated environment with a reliable broker. I would consider them one of the finest brokers you could work with. Since I started working with them several years ago, we have never experienced a single problem.
Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:
- ACWI: -5.00 for long positions and -2.50 for short positions.
- ADAUSD: -20.00 for long positions and -20.00 for short positions.
- AGG: -5.00 for long positions and -2.50 for short positions.
FP Markets Applications
You have access to international markets and can keep track of your investments using any one of several industry-leading trading platforms. You can use either MetaTrader 4 (MT4) or MetaTrader 5 (MT5), IRESS, web trader, and mobile applications for iOS and Android smartphones.
With the FP Markets trading app, you may trade Forex and CFDs across equities, indices, commodities, futures, and cryptocurrencies. The app allows you to trade from the palm of your hand and covers various markets. You need one account to access all of your favorite trading items, which you can do from within a single, user-friendly interface.
You may place, monitor, and evaluate transactions in seconds with the FP Markets app on your mobile device. Traders can use different trading tools to trade and perform research and technical analysis. You can also access the FP Markets copy trading platform through this app.
You have full control over your trading experience when using the FP Markets Trading App, which is compatible with iOS and Android smartphones. The app is packed with features. Compared to the MetaTrader app, I discovered that while the application was fairly simple, it did not provide nearly as many features for market analysis.
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Final Verdict
Because IC Markets uses a genuine ECN model, they can offer some of the most favorable trading circumstances to traders of all experience levels worldwide. It means IC Markets can provide low spreads and quick execution. I find this especially true when using automated trading systems or scalping.
If you are a frequent trader, IC Markets is one of the best choices I can recommend. To cater to your specific requirements, there is a comprehensive range of trading tools and platforms that are simple to use. No matter your trading approach or preferences, the broker provides all the necessary resources for a smooth trading environment. FP Markets is a registered broker with great expertise who will ensure that your trading experience is of the highest possible caliber.
They provide various financial instruments, such as FX, stocks, and cryptocurrencies, that may be traded at competitive prices. You will have access to platforms that have won awards, making it simple and easy to trade online while providing clear pricing and quick execution times.
Mobile trading apps are on the rage these days, considering the internet enables everyone to work remotely. The question is, does mobile trading really that good, or are there any flaws with it? What are the pros and cons?
27 Comments
Shara
Mar 15 2023
I'm interested in the different trading platforms that brokers offer. For example, IC Markets provides three platforms - MetaTrader 4, MetaTrader 5, and cTrader - while FP Markets offers additional platforms like IRESS. They also have trading apps available.
With all these platforms available, can traders use all of them? Can they open a demo account and try each one out individually, or are they limited to only one platform? And what are the benefits of having so many trading platforms to choose from? Thank you, hope there is an explanation about my question!
Samuel
Mar 15 2023
When you sign up with a broker, they usually give you a few different options for trading platforms. For example, IC Markets has MetaTrader 4, MetaTrader 5, and cTrader, while FP Markets has IRESS as well. They also usually have apps you can use for trading on-the-go.
So can you try all the platforms? Yep! You can open up a demo account and test them out one by one to see which one you like the best. But remember, if you want to try it all, need to open different demo account! Everyone has their own preference - some people might like one platform because it's easy to use, while others might like a different platform because it has more advanced features.
Having multiple platforms to choose from is helpful because you can find one that's just right for you. Each platform has its own unique features, so you can pick the one that works best for your trading strategy.
Shara
Mar 15 2023
I just found out that if we want to try different platforms like MT4 and IRESS, we need to open separate demo accounts for each one. It sounds promising though, because we can easily create new accounts and try each platform to see which one works best for us.
Personally, I'm interested in trying FP Markets because they have the IRESS platform, and their trading app is supposed to be really advanced and easy to use. According to FP Markets, you can place, monitor, and evaluate transactions in just a few seconds. I want to see if it's really that easy to use or not. Thanks for sharing the information with me!
Eric
Mar 15 2023
"Because IC Markets uses a genuine ECN model,"
Hey author, I was just curious - what makes IC Markets a genuine broker? These days, a lot of brokers claim to offer ECN pricing, but they're not actually ECN. As a result, some traders end up paying higher fees like commissions but they don't even get the full ECN features. It can be really frustrating for traders who don't know how to spot fake ECN brokers.
So my question is, how can we tell if a broker is a genuine ECN broker? What are the factors or characteristics that set them apart from the fake ones? If we know what to look for, we can avoid falling for fake ECN pricing and get the most out of our trading experience.
Andre
Mar 15 2023
To determine if a broker is a genuine ECN broker, there are a few factors to look for. Firstly, they should offer direct access to liquidity providers without any interference or manipulation. Additionally, they should have a transparent pricing model, with no hidden markups or conflicts of interest. Finally, they should offer a deep pool of liquidity and have fast trade execution times. If a broker meets all of these criteria, it's a good sign that they're a genuine ECN broker.
However, for most beginner traders, these factors may be difficult to understand. As a result, they may only focus on the raw spread and commission per round lot without considering the direct access to liquidity providers. Luckilyi n BrokerXplorer, the team provide a list of genuine ECN brokers that traders can refer to. You can find one such at the following link: Which Brokers Are True ECN?
Joshua
Mar 22 2023
Hey there, just wanted to ask a quick question about trading platforms. Is it really possible to trade and analyze the market using a mobile phone? I mean, the screen is small and it might be difficult to read charts and make informed decisions. And when it comes to IC Markets and FP Markets, they seem pretty similar in terms of their trading platforms, except for their unique features and mobile apps. So, why do traders still use other platforms like MetaTrader? It's got me wondering, you know? Thank you! Hoping for the explanation!
Martin
Mar 22 2023
I got you covered, buddy! So, to answer your question, trading on a mobile phone is actually a thing now, and it's pretty darn convenient. Sure, the screen is smaller, but with modern technology, you can easily zoom in and out and do all your chart analysis and trading from the palm of your hand. As for why traders still use MetaTrader even though other platforms like IC Markets and FP Markets are similar, it's probably because MetaTrader has been around for a long time and has a lot of features and plugins that traders are used to. Plus, it's widely supported by brokers, so it's a safe bet for traders. But hey, if you like the look of IC Markets or FP Markets' platforms, go ahead and give them a try!
David
Mar 22 2023
Hey there too! You can use a tablet to trade as well. In fact, some traders prefer using a tablet as it offers a larger screen size compared to a mobile phone, making it easier to analyze charts and perform trading activities. And some trading platform like the MetaTrader mobile app is available for both mobile phones and tablets, and they are essentially the same app. However, the layout and display may be slightly different to accommodate the different screen sizes. Some features may also be optimized for tablet use, such as the ability to view multiple charts at once. But in general, the app should function similarly on both devices. So, if you want larger screen, just use tablet!
jesisca
Mar 22 2023
The article said about IC Market App is better, for me I think different. I mean I am beginner here, dont know about startegy to profit in trading but after read the comparation, I think it is better at FP Market because it interest me with the copy trading. I dont know exactly what is copy trading, but from its name, it seem I just can copy other trading and can get profit without need to learn about trading.
Seems very interesting yet profitable because as you know, I learn for some time at Trading but still cannot peform well and I think of starting live trading first but I dont know how. So, what is copy trading then?
Maya
Mar 22 2023
Copy trading is a feature offered by some brokers where you can automatically copy the trades of other successful traders. Essentially, you a trader to copy and their trades will be replicated in your account. This can be a good option for beginners who are still learning the ropes and want to benefit from the knowledge and experience of more experienced traders. However, it's important to do your own research and choose a trader to copy carefully, as not all traders are equally successful or suitable for your own trading goals and risk tolerance. It's also important to note that there are fees associated with copy trading, such as commission or markups on spreads. If you are beginner at trading, you can read this article as preference: Your Definitive Guide to FP Markets Copy Trading
Sanny Rabbi
Apr 18 2023
@jesisca:Copy trading is a type of social trading that allows traders to automatically copy the trades of more experienced and successful traders. Essentially, you can a successful trader to follow and then mirror their trades in your own trading account. This can be a great option for beginners who want to learn from experienced traders and potentially profit from their expertise without having to spend time learning complex trading strategies and techniques.
With copy trading, you can browse through a list of experienced traders and view their performance statistics, such as their win rate, average return, and drawdown. Once you have identified a trader you want to follow, you can set up an automatic system that will replicate their trades in your own trading account. This can be done through a variety of platforms and brokers, including FP Markets. It's important to note that while copy trading can be a powerful tool for beginners, it's not a guaranteed path to profits.
It's still important to exercise caution and to do your own research and analysis before making any trades, even if you're copying the trades of a more experienced trader. Additionally, it's important to carefully evaluate the traders you choose to follow and to be mindful of the risks involved in copying trades. With that said, copy trading can be a great way to learn from others and potentially profit from their expertise in the markets.
Meglin Motin
Apr 18 2023
What are the key factors that traders should consider when choosing between IC Markets and FP Markets for their mobile trading app, and how do these factors impact the overall trading experience? Specifically, what are the differences between the two apps in terms of functionality, user interface, and ease of use, and how do these differences impact traders' ability to monitor the markets, execute trades, and manage their portfolios on the go? Additionally, how do each broker's app offerings compare in terms of security, reliability, and customer support, and what are some best practices for evaluating these factors when choosing a mobile trading app?
Fernandes
Oct 27 2023
@Meglin Motin: First, I think you need to re-read the article above. And you can check which one is the most suitable for you. In my opinion, when deciding between IC Markets and FP Markets for your mobile trading app, consider several essential factors to ensure a seamless trading experience. Firstly, assess the functionality and user interface of each app, examining whether they align with your trading style and offer the necessary tools for market analysis, order execution, and risk management. Secondly, prioritize ease of use – a user-friendly app with efficient order placement and fast trade execution can significantly impact your ability to monitor markets and manage your portfolio on the go. Security and reliability are critical, so ensure both brokers employ robust encryption and maintain stable, downtime-free apps. Lastly, evaluate the availability and responsiveness of customer support, as timely assistance can be invaluable when troubleshooting issues. To make an informed decision, read user reviews, seek recommendations, and test the apps using demo accounts to gauge their performance. By carefully considering these factors, you can select the mobile trading app that best caters to your trading needs and offers a secure, reliable, and user-friendly trading experience.
So, I hope my answers can clear your doubt!
Leroy
Apr 18 2023
When it comes to choosing between IC Markets and FP Markets for their mobile trading app, traders should consider a few key factors to determine which app will give them the best overall experience.
And to get the research result, I think we need to try it at least in the demo account to choose which one that may suit to you as well!
Koth
Apr 18 2023
@Leroy: Hey just read about the criteria of the compare between those mobile trading app. Because I had no idea there were so many things to consider when choosing a mobile trading app especially both mobile trading seems compete to each other, have the advantage each other
It's good to know that I should be thinking about functionality, user interface, ease of use, security, reliability, and customer support. I think I'll start doing some research to figure out which app will work best for me. Thanks for the insight
Brandon
May 12 2023
I've been exploring trading platforms and I noticed in this article that IC Markets offers three different platforms: MetaTrader 4, MetaTrader 5, and cTrader. The article also mentioned that all three platforms incorporate True ECN trading methodology, but I'm curious to know more about cTrader because I really just know about this trading platform. SO, Can anyone tell me more about its ability to offer ECN-based trading? And by the way, have you had a chance to try any of these platforms? If so, which one do you prefer? Thank you!
Memphis
May 13 2023
Hey there! cTrader is a trading platform that was developed by Spotware, and it is becoming increasingly popular among forex traders due to its user-friendly interface and advanced charting capabilities. One of the standout features of cTrader is its ability to offer ECN-based trading.
In cTrader, traders can access the ECN market by opening a raw account. With this account type, traders have access to a deep pool of liquidity providers and can benefit from tight spreads and fast execution speeds. This is because the orders are executed directly in the market, without the need for a dealing desk.
In addition to its ECN-based trading capabilities, cTrader also offers a wide range of advanced charting tools and technical indicators, making it a popular choice among experienced traders. Some of the features available on cTrader include multi-time frame charting, multiple order types, and the ability to trade directly from the chart.
As for my personal experience, I have had the opportunity to try all three platforms offered by IC Markets - MetaTrader 4, MetaTrader 5, and cTrader. While each platform has its own strengths and weaknesses, I personally prefer cTrader due to its user-friendly interface and advanced charting capabilities.
Philips
May 14 2023
Lemme tell you a bit more about cTrader's ECN-based trading capability. Basically, it's a trading platform that's designed to give traders direct access to the forex market, meaning you can trade with other traders and financial institutions without any middlemen. This can lead to tighter spreads, faster trade execution, and overall better pricing.
As for whether I've tried any of these platforms, yeah, I've dabbled a bit in forex trading myself. Personally, I prefer cTrader because of its user-friendly interface and advanced charting tools. It just feels more intuitive to me, y'know?
And hey, I totally agree with you - if a broker offers cTrader, I'm definitely more likely to use their platform. It's just a solid choice for ECN-based trading, and you can't really go wrong with it.
Dion
May 12 2023
Wow, I was really surprised to read that FP Markets offers access to over 10,000 financial assets to trade on global markets. That's a huge number compared to other brokers who might not have as many options. Could you tell me more about the different types of assets available to trade with FP Markets? And which specific markets or regions are included in this offering? Also, I'm curious about how brokers pay for the use of these assets in their trading platforms. Hope there is explanation about my question here, Thank you very much!
Danny
May 14 2023
Basically, when a broker lets you trade an asset, they usually gotta pay some kinda fee to the folks who provide that asset. But it can depend on the broker and the asset they're offering. As for FP Markets, they got a buncha different assets you can trade, like forex, commodities, indices, crypto, shares, and more. And they cover markets all over the place - Asia, Europe, the Americas, you name it.
If you wanna know exactly which assets they offer, just check out their website. And having access to all those different assets can be a real plus for traders. For one thing, it gives you more chances to diversify your portfolio and spread your risk around. Plus, you can jump on opportunities in all kinds of different markets and sectors. Like, say you wanna get in on the tech game - you can easily find a buncha tech-related assets to trade. And having so many options lets you really customize your trading strategy to your goals.
Hiruzen
Aug 15 2023
Greetings, bro! I want to ask... After reading this article, it seems I prefer IC Markets over FP Markets, but I have already opened an account with the FP broker. Is there an option to close or deactivate my account?
Gavriil
Aug 16 2023
Yes, you can close or deactivate your account. This tutorial will provide instructions on how to permanently remove your FP Markets account, whether it is a real or demo account. Simply follow these steps:
You will need to log into the email address associated with your FP Markets account.
Create a new email and title it 'Request for FP Markets Account Deletion.'
In the body of the email, state that you would like to close your account. Then, send the email to [email protected].
Axel Gustav
Aug 28 2023
I've successfully verified my account on IC Markets, but I'm interested in learning more about the benefits of having a verified account. How does having a verified account impact my trading experience, and what additional features or privileges do I have access to? Are there any trading restrictions or limitations that I should be aware of as a verified account holder? Additionally, what are some tips or strategies you would recommend to verified account holders to help them maximize their profits and minimize their risks? Finally, I'm curious about the verification process for corporate accounts. What documents and information are required, and what are the benefits and limitations of having a verified corporate account? In general, what advice do you have for someone new to trading with a verified account on IC Markets?
Sally
Aug 29 2023
Having your account verified on IC Markets comes with some sweet perks that can level up your trading game. First, it adds an extra layer of security and trust, so you can trade with peace of mind, knowing your identity is confirmed. Plus, it helps IC Markets meet those pesky regulatory requirements.
With a verified account, you might unlock cool features and services that non-verified traders miss out on. Think higher deposit and withdrawal limits, speedier transactions, and primo customer support. Oh, and keep an eye out for exclusive promotions and bonuses just for verified account holders. Talk about trading with an edge!
Now, let's talk restrictions. Usually, verified accounts don't come with specific trading limitations. But, remember, trading itself has risks. So, as a verified trader, it's smart to manage those risks like a pro. Set realistic profit targets, use stop-loss orders to protect your positions, and stay informed about market news and analysis.
If you're new to trading with a verified account on IC Markets, you can start by reading this article to gain more knowledge about the trading world!
Read more: Currency Trading Guide for Complete Beginners
Barbara
Sep 11 2023
Basically, the FP Markets mobile app seems very advanced and I find it very helpful to be able to simplify trading with a single trading app that can also be used to trade and manage my account. There are also trading tools, but no drawing tools are available. The chart is powered by Metatrader. It means metatrader user will not feel strange when see the graphic chart in FP Market app.
But without drawing tools, it means that the trading tools in this trading app are limited. Believe it or not, drawing tools are very important for technical traders. In my opinion, FP Markets is not a good choice for those who need more trading tools to analyze their charts, but it's also not a bad choice if you can't trade via MetaTrader. It has a simple user interface and is easy to use for beginners, but not very suitable for MetaTrader users.
Kenny Tan
Sep 12 2023
I agree with some of your arguments. Yes, if you are a MetaTrader user, you will not feel too familiar and limited as the FP mobile app has no drawing tools and limited trading tools. The interface is also simple, but not for Metatrader users.
But I disagree when you say that users using this mobile app should trade on the app, or that beginners should use this app and not trade on Metatrader. In other words, you are under no obligation to use only Metatrader or the FP mobile app. What I mean is that you can trade on both, but I think Metatrader will be the first trading platform. If you don't have access to Metatrader, you can trade using the FP Mobile app.
As mentioned in the article, it is worth using the FP trading app. But in my eyes, as a secondary trading platform. (read this article to know the pros and cons of mobile trading : Pros and Cons of Mobile Trading)
Farhab
Oct 28 2023
The author's statement about IC Markets being a top pick for frequent traders raises some intriguing questions, especially for those like me who are still getting the hang of Forex and coming across new terms. So, I'm curious about what specific type of trading and which features and resources IC Markets excels at, especially when it comes to catering to frequent traders. How does their comprehensive range of trading tools and platforms contribute to making the trading experience smooth and efficient for those who are actively involved in trading? Likewise, I'm interested in understanding how FP Markets, being a registered broker with significant expertise, elevates the quality of the trading experience for frequent traders. So, I hope there is an answer about my question here!