There are many factors to consider when choosing a Forex broker, but two of the most important are the spreads and commissions that they charge. IC Markets and Weltrade are both well-known brokers that offer competitive spreads and commissions. So, which one is better? Visit ic markets vs weltrade now!
IC Markets offers lower spreads than Weltrade on average. However, Weltrade does have some special promotions that can offer lower spreads than IC Markets at times. In terms of commissions, both brokers charge a commission of $3 per lot traded. Overall, IC Markets is the better choice for those who are looking for low spreads and commissions.
IC Markets Review
IC Markets is a forex and CFDs broker that has been in business since 2007. The company is based in Sydney, Australia and is licensed and regulated by the Australian Securities and Investments Commission (ASIC). IC Markets offers its clients access to over 60 currency pairs, as well as CFDs on shares, indices, commodities, and treasuries. The broker also has a very extensive educational program that covers everything from the basics of forex trading to more advanced topics.
One thing that we really like about IC Markets is their customer service. The company has a team of professionals who are available 24/5 via email, phone, or live chat. They are always happy to help and answer any questions that you may have. IC Markets is also one of the few brokers that offer Islamic accounts and account funding in Chinese Yuan. Overall, we were very impressed with what IC Markets has to offer and we think that they are a great choice for both beginner and experienced traders.
Weltrade is an online broker that offers a wide range of financial instruments for trading. The company was founded in 2006 and is headquartered in Belize. Weltrade is regulated by the International Financial Services Commission (IFSC) of Belize.
The broker offers its clients a choice of two account types – Standard and ECN. The Standard account type is a market maker account that allows clients to trade with the broker’s liquidity. The ECN account type gives traders access to the broker’s ECN network, which consists of liquidity providers such as banks and hedge funds.
The broker offers its clients a choice of three trading platforms – MetaTrader 4, MetaTrader 5, and cTrader. The MetaTrader platforms are well known and popular among traders, while cTrader is a relatively new platform that has been gaining in popularity.
Weltrade offers its clients a wide range of financial instruments to trade, including forex, CFDs, stocks, futures, and ETFs. The broker has a large number of currency pairs available for trading and offers competitive spreads on most of them.
The broker’s customer service is available 24/5 via email, phone, and live chat. However, the live chat support is not always available. Overall, Weltrade is a good broker that offers a wide range of financial instruments for trading as well as competitive spreads on most currency pairs. The customer service could be improved, however, as the live chat support is not always available.
Conclusion – Which one is better IC Markets or Weltrade?
Weltrade is a good online broker that offers a wide range of financial instruments for trading, including forex, CFDs, stocks, futures, and ETFs. The broker has competitive spreads on most currency pairs and offers a choice of two account types – Standard and ECN. The customer service could be improved, however, as the live chat support is not always available. Overall, Weltrade is a good broker that traders can consider using.