Compare ChoiceTrade vs IC Markets


Online brokers compared for fees, trading platforms, safety and more. See how ChoiceTrade stacks up against IC Markets!

ChoiceTrade vs IC Markets
overall rating
4.1
4.4
overall pros
  • Commission-free stock and ETF trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • No investor protection
  • No negative balance protection
  • Only forex, CFD and crypto trading
fees
4.1
  • Low trading fees
  • Low stock and ETF fees
  • Commission-free stock trading
  • High non-trading fees
  • Withdrawal fee
  • Inactivity fee
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
4.9
  • Fully digital
  • Low minimum deposit
  • User-friendly
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
0.8
  • No deposit fee
  • Credit/Debit card not available
  • Withdrawal is way overcomplicated
4.9
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
1.5
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.0
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
2.8
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.1
  • Stock
  • ETF
  • Options
1.7
  • Forex
  • CFD
  • Crypto
research
2.8
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.9
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
education
3.0
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
recommended for Stock and options traders looking for low trading fees and focusing on the US market Forex traders who value easy account opening and free deposit/withdrawal options
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