IC Markets Vs. Freedom Finance - Compare Trustworthiness, Capabilities, Fees and Legitimacy

IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

• Professional traders looking for Interbank rates
• High volume traders that will save great amounts of costs with their low spreads and commissions

• Real equities traders looking to day-trade stocks, options, futures and ETFs
• Long term investors looking to build a stocks or ETFs portfolio
• Experienced investors that know which assets they are looking for

• ASIC (Australia)
• CySec (Cyprus)
• FSA (Seychelles)

• CySec (Cyprus)
• BaFin (Germany)
• SEC (United States)

• Customisable leverage per asset before opening trades
• Interbank rates and low commissions
• Great platform variety

• Over 1,500,000+ assets from several exchanges worldwide
• All assets are real equities (they do not provide CFDs)
• InvestIdeas section with great analysis on several high potential stocks
• 3% per year in their savings D-account (Daily interest accrual)

• Avaliable assets are limited (Also No ETFs)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

• The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers
• Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
• No stock screener or tools to research and analyse stocks efficiently

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Bitcoin
• Sofort
• Paypal
• Neteller
• Skrill

• Visa
• Mastercard
• Bank Transfers

US, CA, IL.

SY, IR. 

Yes, 7€ for bank transfers.

Yes, up to 2.5% for credit / debit cards.

No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

Yes and the vary per account:

In their all inclusive USD account they charge,

• 0.5% + $0.012 per share with a minimum  of $1.2 per trade
• $0.65 per USA stock options contract
• 12% for margin lending

In their Smart in EUR account they charge,

• 0.02€ per share with a minimum of 2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.05 for each SMS notification

In their Fix in EUR account, they charge,

• 10€ Monthly account fee
• 0.012€ per share with a minimum of 1.2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.03 for each SMS notification