Compare Swissquote Vs IC Markets: Which is the Better Forex Broker in 2023?
Swissquote Vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Swissquote Vs IC Markets, here is the direct comparison:
|❗Information||Testimonials (7), News (23)||Testimonials (549), News (56), Articles (21), Webinars (217)|
|💲 Min Deposit||$1000||$200|
|⚖ Max Leverage||1:100||1:500|
|💡 Min Position||0.1 lot||0.01 lot|
|💳 Payment||Credit/debit cards and Wire transfer||Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer|
|🧩 Demo Account|
|📁 Segregated Account|
|🕋 Islamic Account|
|👨💻 PAMM Account|
|📈 Managed Account|
|🇺🇸 US traders|
|🏆 Trading contests|
|⚡ Automated trading|
|💰 Bonus offers|
|📖 Free education|
|1️⃣ One-click trading|
|⏱ Trailing stop|
|⏳ Pending orders|
|Gold & Silver|
|🗣 Website Languages||Arabic, Chinese, English, French, German, Russian, Spanish||Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish|
|🚪 Trade Now||Open Swissquote||Open IC Markets|
Live chat support - terrible. The guy there doesn't know...
They (or their payment vendors) charge high fees, like 2%...
Stay away from this low quality market maker. Account opening...
When I tried to open an account, I had to...
Before I had even finished opening my account I had...
Failed to log in...again
Mediocre but okay
How many demo accounts can I create in the IC...
Good Australian broker
See More Swissquote Testimonials
See More IC Markets Testimonials
IC Markets President Day Trading Schedule
Crypto Finance AG Introduced as Swissquote's New Liquidity Provider
Swissquote Warns Clients of Phishing Attacks
Swissquote Applied for CySEC License to Boost European Operations
Analyze Indices Performance on New Years' Eve with IC Markets Webinar
IC Markets to Present a Webinar on Stock Index Performance in 2023
IC Markets Webinar on How to Explore Cryptocurrency During Holiday
Massive DDoS Attack Targets Swissquote
IC Markets Webinar on Emerging Trends in the Forex Market
See More Related Swissquote News
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Swissquote provides their pricing with Fixed spread while IC Markets offers Variable spread.
Swissquote vs IC Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal with the support of One-click trading, Trailing stop, Pending orders.
Is Swissquote or IC Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Swissquote supports trading with Forex, Gold & silver, CFD, Options, Crypto, Stocks, Indexes, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Swissquote and IC Markets:
- Compare Swissquote vs Orbex
- Compare Swissquote vs Plus500
- Compare Swissquote vs XM
- Compare IC Markets vs easyMarkets
- Compare IC Markets vs Pepperstone
- Compare IC Markets vs Hantec Markets
For more comparisons, visit this page.