Comdirect vs IC Markets compared

Updated: Aug 2023
Updated: Aug 2023
Comdirect
IC Markets
4.1
4.6
74.32% of retail CFD accounts lose money
Comdirect
IC Markets
You can't open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
You can't open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Markets and products score
    5.0
    /5
  • Fees score
    2.1
    /5
  • Account opening score
    2.8
    /5
  • Markets and products score
    2.2
    /5
  • Fees score
    4.7
    /5
  • Account opening score
    5.0
    /5
Recommended for
  • BeginnersYES
  • EquityNO
  • ForexNO
  • CFDNO
  • BeginnersNO
  • EquityNO
  • ForexYES
  • CFDNO
Top 5 brokers
Based on your country, these brokers are great matches for you.

Basic data of broker

Overall score
4.1

Recommended for Investors speaking German and focusing on European securities

Overall score
4.6

Recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options

Country of origin
Broker's country of establishment

Germany

Country of origin
Broker's country of establishment

Australia

Fees

Fees score
2.1
Fees score
4.7
Fees summary
BrokerChooser's qualitative summary on the broker's prices

High trading fees, low non-trading fees, no withdrawal fee

Fees summary
BrokerChooser's qualitative summary on the broker's prices

Low trading and non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

Crypto fees

CFD fees

Non-trading fees

Deposit and withdrawal

Deposit and withdrawal score
3.5
Deposit and withdrawal score
4.9
Number of base currencies
How many account currencies you can choose from

12

Number of base currencies
How many account currencies you can choose from

10

Deposit type

Withdrawal type

Account opening

Account opening score
2.8
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
The minimum amount you have to deposit for using the account
No minimum account balance
*

$0

*
Minimum deposit
The minimum amount you have to deposit for using the account
$200 minimum deposit is required for MT4/MT5/CTrader accounts
*

$200

*
Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

>3 days

Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Required documents
Documents required for opening an account
VideoID available for Germans, Swiss and Austrians, others need to post notarized identification with apostilled signature or come to Germany for PostIdent. All documents are required in German or as a certified translations.
*

Proof of identity: personal ID / passport / driver's licence / video identification Proof of residency: utility bill / bank statement / video identification

*
Required documents
Documents required for opening an account

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement / tax statement from last 3 months

Trading platform

Web platform score
4.4
Web platform score
2.8
Mobile platform score
4.7
Mobile platform score
3.8
Desktop platform score
3.5
Desktop platform score
3.4

Markets and products

Markets and products score
5.0
Markets and products score
2.2
Stocks
Stocks are available
Stocks
Stocks are available
Fractional shares
Fractional shares are available
Fractional shares
Fractional shares are available
ETFs
ETFs are available
ETFs
ETFs are available
Forex
Forex is available
Forex
Forex is available
Funds
Funds are available
Funds
Funds are available
Bonds
Bonds are available
Bonds
Bonds are available
Options
Options are available
Options
Options are available
Futures
Futures are available
Futures
Futures are available
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
ETN and futures
*
*
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
CFD
*
*
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
CFD disclaimer

Disclaimer: 74.32% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Research, education

Research score
4.0
Research score
3.8
Charting quality

Great

Charting quality

Mid-range

Education score
5.0
Education score
4.5
Demo account
Demo account

Customer service

Customer service score
3.9
Customer service score
4.5
Phone
You can reach the broker by phone
Phone
You can reach the broker by phone
Live chat
Live chat is available
Live chat
Live chat is available
Email
Email support is available
Email
Email support is available
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend

Security

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

€100k for cash and €20k for securities

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

€20k to EU clients and $0 to others

Investor protection
Amount of the investor protection provided by the broker

€100k for cash and €20k for securities

Investor protection
Amount of the investor protection provided by the broker

€20k to EU clients and $0 to others

Banking background
Whether the broker has a banking background
Banking background
Whether the broker has a banking background
Listed on stock exchange
The broker is listed on a stock exchange
Listed on stock exchange
The broker is listed on a stock exchange
Foundation date

1994

Foundation date

2007

Country of regulation
Which countries' regulators oversee the broker

Germany

Country of regulation
Which countries' regulators oversee the broker

Cyprus, Australia, Seychelles

ComdirectComdirect

For detailed information and hands-on experience, read our review of this broker.

IC MarketsIC Markets

For detailed information and hands-on experience, read our review of this broker.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Comdirect's service is slightly weaker than IC Markets's and a comparison of their fees shows that Comdirect's fees are much higher than IC Markets's.

Account opening takes more effort at Comdirect compared to IC Markets, deposit and withdrawal processes are more complicated at Comdirect, while customer service quality is somewhat lower than IC Markets's.

Our experts rated the trading platform of Comdirect as somewhat better than the platform of IC Markets, found that clients have access to much more markets and products with Comdirect, while IC Markets provides just about the same quality of research and education.

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