Online brokers compared for fees, trading platforms, safety and more. See how Halifax stacks up against IC Markets!
Last update of data—Jan 2023
UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group
IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Recommended for beginners and long-term investors.
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.
Halifax
UK stockbroker, part of Halifax (Bank of Scotland), owned by Lloyds Banking Group
Recommended for beginners and long-term investors.
IC Markets
IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.
Halifax's service is on par with IC Markets's and a comparison of their fees shows that Halifax's fees are slightly higher than IC Markets's.
Account opening takes somewhat more effort at Halifax compared to IC Markets, deposit and withdrawal processes are somewhat more complicated at Halifax, while customer service quality is considerably lower than IC Markets's.
Our experts rated the trading platform of Halifax as much less user-friendly than the platform of IC Markets, found that clients have access to slightly more markets and products with Halifax, while IC Markets provides just about the same quality of research and education.
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