Compare IC Markets vs Rakuten Securities


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

IC Markets vs Rakuten Securities
overall rating
4.4
3.6
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • No inactivity fee
  • Easy and fast account opening
  • Good mobile trading platform
overall cons
  • Limited product selection
  • Slow live chat support
  • No investor protection for non-EU clients
  • Limited product portfolio
  • Missing web trading platform
  • Poor customer service
fees
4.1
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
3.7
  • Low forex fees
  • No inactivity fee
  • High withdrawal fee for international bank transfers and electronic wallets
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.9
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • AUD 20 fee for international bank withdrawal
3.1
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
web trading platform
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
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • Available in several languages
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.8
  • Forex
  • CFD
  • Crypto
1.2
  • Forex
  • CFD
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
1.8
  • Trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and not useful live chat
0.5
  • No 24/7 support
  • Slow support
  • Irrelevant answers
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos are hard to find on the site
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • Long track record
  • Negative balance protection for EU customers
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company is listed on stock exchange
  • No investor protection
  • No negative balance protection
recommended for Forex and CFD traders who value easy account opening and free deposit/withdrawal options Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform
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