Baker Young Stockbrokers
IC Markets
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Overview
Baker Young Stockbrokers was founded in 2017 and is headquartered in Australia, while IC Markets was established in 2007 and is based in Australia. Baker Young Stockbrokers holds licences including Unregulated, while IC Markets is regulated by Australian Securities and Investment Commission (ASIC) among others. Baker Young Stockbrokers serves 10,000+ clients worldwide; IC Markets has 60,000+. Both brokers share the same minimum deposit of $200.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Regulation | Unregulated | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2017 | 2007 |
| Country | Australia | Australia |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Baker Young Stockbrokers and IC Markets, directly affecting your bottom line as a trader. Both require a minimum deposit of $200. Baker Young Stockbrokers charges withdrawal fees while IC Markets does not, a notable advantage for frequent withdrawers. Baker Young Stockbrokers charges deposit fees; IC Markets does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| Min. Deposit | $200 | $200 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
Baker Young Stockbrokers offers MT4, MT5, cTrader, while IC Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,iOS, | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Baker Young Stockbrokers and IC Markets compare. IC Markets runs regular live webinars; Baker Young Stockbrokers does not. IC Markets has a video library; Baker Young Stockbrokers does not. IC Markets publishes daily market commentary; Baker Young Stockbrokers does not. IC Markets integrates third-party research tools (Trading Central, Autochartist); Baker Young Stockbrokers does not. IC Markets maintains an archive of past webinars for on-demand viewing. IC Markets scores higher overall in education and research.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Baker Young Stockbrokers accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while IC Markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). IC Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Baker Young Stockbrokers and IC Markets offer live chat support. Both provide phone support. Email support is available at both brokers. Baker Young Stockbrokers supports 2 languages and IC Markets supports 8, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | Baker Young Stockbrokers | IC Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |