Compare IC MARKETS Versus BINANCE and Roboforex broker accounts.
So you are looking for a broker, IC Markets or Binance who should you choose?
When trading on financial markets you will want to know all about who IC Markets or Binance are, and how they compare. You will naturally want to know how long IC Markets and Binance have been in business and what reputation IC Markets and Binance have. On top of this, you will need to discover if IC Markets and Binance match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how IC Markets and Binance compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of IC Markets and Binance side by side.
If you're itching to start trading, we can assist you in making a well-informed decision when comparing IC Markets and Binance. By comprehensively comparing IC Markets and Binance features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with IC Markets, Binance or an alternative broker.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on IC Markets and Binance. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the IC Markets platform or Binance that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
Reputation | Support |
---|---|
Good
|
Good
|
IC Markets is regulated by the Seychelles Financial Services Authority (FSA) (SD018).
US, IR, CA, NZ, JP
Deposit fee | No | ||
---|---|---|---|
Commission | Yes | ||
Inactivity fee | No | ||
Withdrawal fee | No | ||
Min trade | 0.01 Lot | ||
Max trade | None | ||
Min deposit | $200 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
Varies |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central
English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the IC Markets website.
Our records were last updated on
.
Reputation | Support |
---|---|
Good
|
Good
|
Binance is regulated by the AMF (Autorité des Marchés Financiers, France) (E2022-037), OAM (Organismo Agenti e Mediatori, Italy) (PSV5), FIU (Financial Intelligence Unit, Lithuania) (305595206), Bank of Spain (D661), Polish Tax Administration (RDWW – 465), SFSA (Swedish Financial Supervisory Authority) (66822), AFSA (Astana Financial Services Authority, Kazakhstan), FSR (Financial Services Regulatory Authority, Abu Dhabi), CBB (Central Bank of Bahrain), VARA (Dubai Virtual Asset Regulatory Authority), AUSTRAC (Australian Transaction Reports and Analysis Centre) (100576141-001), FIU-IND (Financial Intelligence Unit - India), Bappebti (Indonesia) (001/BAPPEBTI/CP-AK/11/2019), JFSA (Japan Financial Services Agency) (Kanto Local Finance Bureau 00031), FSP (New Zealand Financial Service Providers Register) (FSP1003864), SEC (Securities and Exchange Commission, Thailand), SAT (Tax Administration Service, Mexico), CNAD (Comisión Nacional De Activos Digitales, El Salvador) (PSDA/001-2003), FSCA (Financial Sector Conduct Authority, South Africa).
RU
Deposit fee | Yes | ||
---|---|---|---|
Commission | |||
Inactivity fee | Yes | ||
Withdrawal fee | Yes | ||
Min trade | varies | ||
Max trade | varies | ||
Min deposit | $0 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
Varies |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
Apple App iOS, Android Google Play, MacOS, Windows, Linux, Desktop
English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the Binance website.
Our records were last updated on
.
Reputation | Support |
---|---|
Good
|
Good
|
Roboforex is regulated by the RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund.
AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH
Deposit fee | No | ||
---|---|---|---|
Commission | No | ||
Inactivity fee | No | ||
Withdrawal fee | No | ||
Min trade | 0.01 Lot | ||
Max trade | 100 Lot | ||
Min deposit | $10 |
Credit card | |
---|---|
Bank transfer | |
American Express | |
PayPal | |
Neteller | |
Skrill | |
Bitcoin | |
Payment processing time | |
Varies | |
Withdrawal processing time | |
Varies |
Apple application available | |
Android application available | |
Windows application available | |
Can Set Price alerts | |
Variable spreads (Forex) | |
Scalping trading | |
Hedge trading | |
Stop loss orders | |
Limit orders | |
One click trading available | |
Trailing stops available | |
Expert advisors (Metatrader) | |
Virtual private server (VPS) | |
Direct market access (DMA) | |
ECN broker (Forex ECNs) | |
STP broker (STP) | |
Market maker | |
Trading Signals |
MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows
English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
Forex (Currency) | |
Majors | |
Indices | |
Penny stocks | |
Dow Jones | |
FTSE | |
Dax | |
Nikkei | |
IPO | |
ETFs | |
Bitcoin CFD | |
Metals | |
Agriculturals | |
Energies |
Demo account | |
VIP account | |
Micro account | |
Standard account | |
Zero spread account | |
Islamic account |
The information used on comparebrokers.co was updated directly from the Roboforex website.
Our records were last updated on
.
IC Markets Vs Binance Table of Contents
The IC Markets online trading platform gives traders from all over the world access to over 2,250 financial instruments, Binance include over 500 available instruments. There are over 200,000+ registered customers that have taken advantage of the IC Markets platform.
IC Markets are regulated by Seychelles Financial Services Authority (FSA) (SD018).
Binance is a renowned Australia financial trading brokerage established in 2011.
Binance serves customers globally and are regulated by AMF (Autorité des Marchés Financiers, France) (E2022-037), OAM (Organismo Agenti e Mediatori, Italy) (PSV5), FIU (Financial Intelligence Unit, Lithuania) (305595206), Bank of Spain (D661), Polish Tax Administration (RDWW – 465), SFSA (Swedish Financial Supervisory Authority) (66822), AFSA (Astana Financial Services Authority, Kazakhstan), FSR (Financial Services Regulatory Authority, Abu Dhabi), CBB (Central Bank of Bahrain), VARA (Dubai Virtual Asset Regulatory Authority), AUSTRAC (Australian Transaction Reports and Analysis Centre) (100576141-001), FIU-IND (Financial Intelligence Unit - India), Bappebti (Indonesia) (001/BAPPEBTI/CP-AK/11/2019), JFSA (Japan Financial Services Agency) (Kanto Local Finance Bureau 00031), FSP (New Zealand Financial Service Providers Register) (FSP1003864), SEC (Securities and Exchange Commission, Thailand), SAT (Tax Administration Service, Mexico), CNAD (Comisión Nacional De Activos Digitales, El Salvador) (PSDA/001-2003), FSCA (Financial Sector Conduct Authority, South Africa). Depending on the country you are trading from IC Markets may serve you from a different business entity to comply with its financial regulators.
Binance is listed as a publically traded company on a major stock market. As part of their regulatory requirements Binance has to disclose a yearly report publically. Because of this extra level of auditing and regulation Binance can be considered trustworthy. IC Markets is not listed as a PLC.
Binance is a popular well known financial trading platform serving over 200,000,000 customers.
Below, we will give you a summary of the benefits IC Markets and Binance offer side by side.
IC Markets offers a minimum deposit of 200 while Binance have a 0 minimum deposit.
One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either IC Markets or Binance. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. IC Markets requires a minimum deposit of 200, whereas Binance mandates a minimum deposit of 0. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's IC Markets or Binance, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.
IC Markets allows traders to trade up to 2,250 financial instruments while Binance have around 500 on their trading platform.
The more instruments available on IC Markets and Binance trading platforms the more potential financial instruments you can buy or sell for your portfolio. 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 Binance.
The IC Markets trading platform has 2,100 stocks listed while Binance has 0 stocks listed.
IC Markets allows retail traders to trade the following assets Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies on the IC Markets MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central trading platforms.
Alternatively Binance allows retail traders to trade Forex trading, Spread Betting, Social trading, on the Binance Apple App iOS, Android Google Play, MacOS, Windows, Linux, Desktop trading platforms.
Compare IC Markets and Binance in more detail below.
Below we compare what drawbacks IC Markets and Binance have side by side.
Various potential downsides can be associated with certain brokers, including IC Markets and Binance. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by IC Markets compared to Binance. High trading fees and commissions must be factored into your profit loss of each live trade. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of IC Markets versus Binance.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Inactivity Fees | No | Yes | No |
Withdrawl Fees | No | Yes | No |
Withdrawal Processing Time | Varies | Varies | Varies |
Min Deposit | 200 | 0 | 10 |
Social Trading | Yes | Yes | No |
Excluded Countries | US, IR, CA, NZ, JP | RU | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH |
The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with IC Markets or Binance. A diversified portfolio with IC Markets or Binance can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.
Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like IC Markets or Binance, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as IC Markets and Binance.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Instruments Available | 2250 | 500 | 12000 |
Offers share dealing | Yes | No | No |
Number of Shares | 2,100 | 0 | 0 |
Offers US Stocks | Yes | No | Yes |
Offers UK Stocks | Yes | No | Yes |
Offers German Stocks | Yes | No | Yes |
Offers Japanese Stocks | Yes | No | Yes |
Offers Indices Trading | Yes | No | Yes |
Number of Commodities | 20 | 0 | 21 |
Offers Metals Commodities | Yes | No | Yes |
Offers Energy Commodities | Yes | No | No |
Offers Agricultural Commodities | Yes | No | No |
Offers Forex Trading | Yes | No | Yes |
Number of Forex Pairs | 61 | 35 | |
Offers Major Forex Pairs | Yes | No | Yes |
Offers Minor Forex Pairs | Yes | No | Yes |
Offers Exotic Forex Pairs | Yes | No | Yes |
Offers CFD Trading | Yes | No | Yes |
Offers Social Trading | Yes | Yes | No |
Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both IC Markets and Binance, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both IC Markets and Binance offer some form of cryptocurrency trading.
Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.
Investing in cryptocurrencies with IC Markets or Binance is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with IC Markets or Binance could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on IC Markets, Binance, and all brokers are subject to regulation.
We compare IC Markets vs Binance Crypto options below side by side.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Allows Cryptocurrency Trading (availability subject to regulation) | Yes | Yes | No |
Cryptocurrencies Offered | BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC | BTC, BCH, BTG, ETH, ETC, EOS, DASH, LTC, NEO, GAS, ZEC, DASH, XRP, BNB, USDT, QTUM, SNT, BNT |
knowing your trading and commission fees with IC Markets vs Binance is extremely important. For the majority of the IC Markets 2,250 financial instruments and Binance 500 available financial instruments .
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with IC Markets and Binance. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with IC Markets and Binance before you invest because you must know what you are paying.
You ideally want to choose a broker like IC Markets or Binance that does not charge too much for withdrawal fees. High trading fees and commissions must be taken into your profit loss calculations. The fees will be noticeable if you have a low budget and do not intend to invest so much with IC Markets or Binance. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.
Your location or residence will have an impact on your potential IC Markets and Binance fees, of course. Make sure you do your research and check the commission and fees with both IC Markets and Binance before you invest anything.
Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with IC Markets or Binance be aware of or 3rd party payment provider fees and currency conversion fees.
IC Markets does not charge inactivity fees, while Binance does charge inactivity fees.
Numerous notifications are usually sent to you as a reminder of dormant IC Markets and Binance accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your IC Markets or Binance account, or choose to close it.
Usually, the associated fees for dormant IC Markets or Binance accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live IC Markets or Binance trading account activity to avoid any unnecessary fees or charges.
When you deposit money to a broker like IC Markets or Binance you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay IC Markets or Binance nothing for this. If this is the case, it can be a big problem. Constant deposit fees can potentially add up, so this will take some consideration before you sign up.
Let's see how IC Markets vs Binance compare side by side for commissions and fees.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Min Deposit | 200 | 0 | 10 |
Inactivity Fees | No | Yes | No |
Withdrawal Fees | No | Yes | No |
Deposit Fees | No | Yes | No |
We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the IC Markets and Binance platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an IC Markets or Binance demo account.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Offers MT4 | Yes | No | Yes |
Offers MT5 | Yes | No | Yes |
Offers cTrader | Yes | No | No |
Trading on your mobile with IC Markets and Binance can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and IC Markets and Binance mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with IC Markets or Binance. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with IC Markets or Binance can help limit your risk and trade on the move.
If you own an iPhone, having an IOS Apple mobile trading app with IC Markets or Binance is essential. Likewise, if you have an android phone, it's crucial to verify if IC Markets or Binance broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if IC Markets and Binance have trading apps compatible with your device.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Web Platform | Yes | Yes | Yes |
IOS Trading App | Yes | yes | Yes |
Android Trading App | Yes | yes | No |
Microsoft Trading App | Yes | yes | No |
A demo account with IC Markets or Binance is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an IC Markets and Binance demo account.
Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.
If you need a micro account check if IC Markets or Binance offer micro trading accounts in your region.
Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.
IC Markets and Binance do not offer Micro accounts.
A standard account is available on IC Markets and Binance to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.
Both IC Markets and Binance do offer clients Standard accounts.
A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with IC Markets or Binance or alternative.
IC Markets does offer clients MAM accounts, while Binance does not offer clients MAM accounts.
The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.
ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.
If you need a ECN account check they are available with IC Markets or Binance or alternative.
IC Markets does offer clients ECN accounts, while Binance does not offer clients ECN accounts.
An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.
If you need a Islamic account check they are available with IC Markets or Binance or alternative.
IC Markets does offer clients Islamic accounts, while Binance does not offer clients Islamic accounts.
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
If you need a STP account check they are available with IC Markets or Binance or alternative.
IC Markets does not offer clients STP accounts, while Binance does not offer clients STP accounts.
A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.
While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.
IC Markets does not offer clients Managed accounts, while Binance does offer clients Managed accounts.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Offers Demo Accounts | Yes | No | Yes |
Offers Micro Accounts | No | No | Yes |
Offers Standard Accounts | Yes | Yes | Yes |
Offers MAM Accounts | Yes | No | Yes |
Offers ECN Accounts | Yes | No | Yes |
Offers Islamic Accounts | Yes | No | Yes |
Offers STP Accounts | No | No | Yes |
Offers Managed Accounts | No | Yes | No |
IC Markets and Binance have multiple deposit and withdrawal options. Funding and withdrawing from your IC Markets and Binance accounts to your chosen payment method should be straightforward. Lets see how IC Markets and Binance compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from IC Markets or Binance.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Payment Methods | Credit Cards, Debit Cards, MasterCard, VISA, PayPal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, | Binance P2P, Cash, Cryptocurrency, Bank Transfers, Credit Cards, Debit Cards, VISA, MasterCard, | Bank payments, Electronic payments, AstroPay, Skrill, Neteller, Perfect Money, STICPAY, Bank Cards, VISA, MasterCard, JCB, CUP, QR Vouchers, Western Union, |
Customer support is essential when trading. Even professional traders will eventually need the help of IC Markets or Binance support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the IC Markets and Binance support is always available when needed. IC Markets and Binance customer support is not just useful. broker customer support is crucial to your trading success!
Live chat is important for several reasons. When you encounter a problem with IC Markets or Binance trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.
Both IC Markets and Binance offer livechat support.
When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either IC Markets or Binance you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the IC Markets or Binance support team to answer satisfactorily. Email support with IC Markets and Binance will be needed.
Both IC Markets and Binance offer email support.
Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either IC Markets or Binance. We can get straight to the point, saving us time and frustration.
IC Markets do not offer phone support. On the other hand Binance do not offer phone support.
Lets see how IC Markets and Binance customer support compare side by side.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Offers Live Chat | Yes | Yes | No |
Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |
Support Email | [email protected] | [email protected] | |
Phone | No | 357 25 262660 |
Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether IC Markets and Binance are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that IC Markets or Binance have these in place, please be extremely cautious before you proceed with them.
We compare IC Markets Vs Binance financial regulation and licensing side by side below.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
FCA Regulation | No | No | No |
CySEC Regulation | No | No | No |
MiFID Regulation | No | No | No |
ASIC Regulation | No | No | No |
FSCA Regulation | No | Yes | No |
DFSA Regulation | No | No | No |
MAS Regulation | No | No | No |
We compare IC Markets and Binance educational resources below.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Education Resources | Webinars, Podcasts, Video Tutorials, Help Centre Articles, Blogs | Online courses | Market Analysis Reports, Videos, Blog Articles, Webinars |
When trading with either IC Markets or Binance you will want to understand and make full use of all the risk management features on your IC Markets or Binance trading platforms.
We compare side by side the trading risk management features offered by IC Markets and Binance below.
What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.
IC Markets does offer clients hedging, while Binance does not offer clients hedging.
Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.
Both IC Markets and Binance do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on IC Markets or Binance. You must still monitor any live trades and your financial exposure and financial risk.
Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.
Both IC Markets and Binance do offer clients limit orders.
Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.
Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.
IC Markets does offer clients negative balance protection, while Binance does not offer clients negative balance protection.
Broker | IC Markets | binance | Roboforex |
---|---|---|---|
Offers Hedging | Yes | No | Yes |
Negative Balance Protection | Yes | No | Yes |
Guaranteed Stop Loss | No | No | No |
Offers Limit Orders | Yes | Yes | |
Offers Trailing Stops | Yes | Yes |
We hope this IC Markets Vs Binance guide has helped you decide who is best to trade with out of IC Markets and Binance.
When choosing a broker like IC Markets or Binance for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with IC Markets or Binance are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as IC Markets or Binance, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with IC Markets or Binance.
Also, before you sign up with online brokers like IC Markets or Binance, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with IC Markets or Binance before investing money into something.
Beware of the risks that come with trading with IC Markets or Binance. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all IC Markets and Binance educational resources and financial research tools. If you are new to trading, sign up for a demo account with IC Markets and Binance to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using IC Markets or Binance will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if IC Markets and Binance fees match your trading requirements.
Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with IC Markets or Binance if your investment strategy is more long-term.
If IC Markets and Binance are not what you are not quite what you are looking for we list some of the best IC Markets and Binance alternatives below.
If you are still looking for an alternative to IC Markets and Binance and want to see how IC Markets or Binance compares Vs other brokers check out the IC Markets Vs and Binance Vs list below.
We answer some of the most frequently asked IC Markets Vs Binance questions below.
Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is IC Markets legit? - IC Markets are regulated by Seychelles Financial Services Authority (FSA) (SD018) and have been in business since 2007
Binance are regulated by AMF (Autorité des Marchés Financiers, France) (E2022-037), OAM (Organismo Agenti e Mediatori, Italy) (PSV5), FIU (Financial Intelligence Unit, Lithuania) (305595206), Bank of Spain (D661), Polish Tax Administration (RDWW – 465), SFSA (Swedish Financial Supervisory Authority) (66822), AFSA (Astana Financial Services Authority, Kazakhstan), FSR (Financial Services Regulatory Authority, Abu Dhabi), CBB (Central Bank of Bahrain), VARA (Dubai Virtual Asset Regulatory Authority), AUSTRAC (Australian Transaction Reports and Analysis Centre) (100576141-001), FIU-IND (Financial Intelligence Unit - India), Bappebti (Indonesia) (001/BAPPEBTI/CP-AK/11/2019), JFSA (Japan Financial Services Agency) (Kanto Local Finance Bureau 00031), FSP (New Zealand Financial Service Providers Register) (FSP1003864), SEC (Securities and Exchange Commission, Thailand), SAT (Tax Administration Service, Mexico), CNAD (Comisión Nacional De Activos Digitales, El Salvador) (PSDA/001-2003), FSCA (Financial Sector Conduct Authority, South Africa) and have been in business since 2011.
IC Markets has a good rating, while Binance has a good rating.
IC Markets is regulated by Seychelles Financial Services Authority (FSA) (SD018) and have been in business since 2007. We recommend looking at a IC Markets alternative that has more financial regulation.
Binance is regulated by AMF (Autorité des Marchés Financiers, France) (E2022-037), OAM (Organismo Agenti e Mediatori, Italy) (PSV5), FIU (Financial Intelligence Unit, Lithuania) (305595206), Bank of Spain (D661), Polish Tax Administration (RDWW – 465), SFSA (Swedish Financial Supervisory Authority) (66822), AFSA (Astana Financial Services Authority, Kazakhstan), FSR (Financial Services Regulatory Authority, Abu Dhabi), CBB (Central Bank of Bahrain), VARA (Dubai Virtual Asset Regulatory Authority), AUSTRAC (Australian Transaction Reports and Analysis Centre) (100576141-001), FIU-IND (Financial Intelligence Unit - India), Bappebti (Indonesia) (001/BAPPEBTI/CP-AK/11/2019), JFSA (Japan Financial Services Agency) (Kanto Local Finance Bureau 00031), FSP (New Zealand Financial Service Providers Register) (FSP1003864), SEC (Securities and Exchange Commission, Thailand), SAT (Tax Administration Service, Mexico), CNAD (Comisión Nacional De Activos Digitales, El Salvador) (PSDA/001-2003), FSCA (Financial Sector Conduct Authority, South Africa) and have been in business since 2011. We recommend looking at a Binance alternative that has more financial regulation.
IC Markets and Binance are regulated, which means that as part of their regulatory obligations IC Markets and Binance have to offer a certain level of financial protection to their clients. IC Markets and Binance should by law keep client funds separate from IC Markets and Binance funds. If either IC Markets or Binance goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the IC Markets and Binance websites and regulators.
IC Markets and Binance offer low deposits and access to a selection of market insights and news resources. Both IC Markets and Binance offer demo accounts. Demo trading accounts are a big plus for IC Markets and Binance as it shows they are interested in their customers.