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 listed stock and ETF trades
  • 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
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
fees
4.4
  • Low trading fees
  • Commission-free stock trading
  • Withdrawal fee
  • Inactivity fee
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
4.4
  • 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
  • High withdrawal fee
  • Withdrawal is excessively complicated
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
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  • Design is very outdated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
3.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Poor search function
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
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
3.4
  • 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
1.8
  • Forex
  • CFD
  • Crypto
research
2.9
  • 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
  • Professional tone
  • No live chat
  • No 24/7 support
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful 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
  • Videos are hard to find on the site
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Stock and options traders looking for low trading fees and focusing on the US market Forex and CFD traders who value easy account opening and free deposit/withdrawal options
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