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Fixer.io VS IC Markets

Compare Fixer.io VS IC Markets and see what are their differences

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Fixer.io logo Fixer.io

Fixer provides a free, simple, and lightweight API for current and historical foreign exchange rates and currency conversion. The API tracks rates published daily by the European Central Bank.

IC Markets logo IC Markets

Trade currencies, stocks, commodities, futures, bonds, and digital assets safely and securely with power for better trades.
  • Fixer.io Landing page
    Landing page //
    2023-04-01

Fixer offers real-time currency rates API. Fixer has different endpoints for sole currency exchange and Time information in addition to real-time data. Not only does this Fixer API has assured reliability, scalable volume, and millisecond response times. Get connected to the best free currency converter API by visiting http://www.fixer.io/ and get access to the exchange rates API for 170 international currencies that are refreshed every 60 seconds in live time.

  • IC Markets Landing page
    Landing page //
    2023-08-26

Fixer.io features and specs

  • Reliability
    Fixer.io is powered by real-time exchange rate data from trusted financial data providers, ensuring reliable and accurate currency conversion rates.
  • Ease of Use
    The API is straightforward to set up and integrate, making it accessible for developers to implement quickly without extensive documentation review.
  • Wide Currency Support
    Fixer.io offers data for a wide range of global currencies, allowing for versatile currency conversion options on a global scale.
  • Free Tier
    There is a free tier available that allows developers to use a limited version of the service, making it accessible for small projects or trials.

Possible disadvantages of Fixer.io

  • Paid Plans for Advanced Features
    While there is a free tier, access to advanced features such as HTTPS encryption and historical data requires a Pro subscription.
  • Rate Limits
    The free plan comes with rate limits, potentially restricting high-frequency usage and making it unsuitable for applications requiring extensive data requests.
  • Limited Customer Support
    Support options can be limited, particularly for users on the free tier, which might complicate troubleshooting for less experienced developers.
  • No Historical Data on Free Plan
    The free tier does not provide access to historical exchange rate data, limiting its utility for applications needing past currency values.

IC Markets features and specs

  • Low Trading Costs
    IC Markets offers competitive spreads and low commissions, making it cost-effective for high-frequency traders and scalpers.
  • Wide Range of Instruments
    Traders have access to a diverse range of financial instruments including Forex, CFDs on indices, commodities, and cryptocurrencies, providing ample opportunities for diversification.
  • Advanced Trading Platforms
    IC Markets supports popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, which are well-known for advanced analytical tools and customizability.
  • High Liquidity and Fast Execution
    The broker offers high liquidity and fast execution speeds, which can be critical for traders who require precision in entry and exit points.
  • Regulation and Security
    IC Markets is regulated by top-tier authorities, ensuring that it adheres to strict financial standards, thus adding an extra layer of security for traders.

Possible disadvantages of IC Markets

  • Complex Pricing Structure
    The pricing structure, involving both spreads and commissions, might be confusing for new traders who are not familiar with such cost models.
  • Limited Educational Resources
    Compared to some brokers, IC Markets offers relatively limited educational resources, which might not be ideal for novice traders seeking comprehensive learning materials.
  • Customer Support Limitations
    Although IC Markets provides customer support, there have been reports of delays and inefficiencies, which could be problematic during urgent trading situations.
  • No Proprietary Platform
    IC Markets does not offer its own proprietary trading platform, which may be a downside for traders looking for a tailored or unique trading experience.
  • Deposit and Withdrawal Fees
    Certain deposit and withdrawal methods may incur fees, which could add up for traders frequently moving money in and out of their accounts.

Fixer.io videos

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IC Markets videos

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IC Markets Review 2023 - Pros and Cons Uncovered [updated]

More videos:

  • Review - IC Markets Review For Beginners

Category Popularity

0-100% (relative to Fixer.io and IC Markets)

Fixer.io

IC Markets

APIs
100 100%
APIs
0% 0
Finance
60 60%
Finance
40% 40
Currency Exchange
100 100%
Currency Exchange
0% 0
Trading
0 0%
Trading
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Fixer.io and IC Markets

Fixer.io Reviews

We have no reviews of Fixer.io yet.
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IC Markets Reviews

Vantage Alternatives
2.3 At IC Markets, you can trade only forex and CFDs. In other words, many popular asset classes, such as real stocks and ETFs, are not available. Vantage vs. IC Markets: Markets and products
Source: brokerchooser.com

Social recommendations and mentions

Based on our record, Fixer.io seems to be more popular. It has been mentiond 20 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Fixer.io mentions (20)

  • 20 Free Api For Your Next Project
    FIXER - Simple and Lightweight API for current and historical foreign exchange rates. - Source: dev.to / about 1 year ago
  • Calculate anything to currency not working
    Thanks for the response! It seems It started working after adding the fixer.io API key. Source: over 1 year ago
  • Calculate anything to currency not working
    Edit: I thought the fixer.io is not mandatory but apparently it is? For the currency. Source: over 1 year ago
  • Using the builder/manager pattern in Laravel
    One driver (which we'll call FixerIODriver) will interact with the Fixer.io API and the other (which we'll call OpenExchangeRatesDriver) will interact with the Open Exchange Rates API. - Source: dev.to / over 1 year ago
  • A Comprehensive Guide to Exchange Rate History: Understanding the Past to Navigate the Future
    Exchange rates play a pivotal role in the global economy. They determine the value of one currency relative to another and have a profound impact on international trade, investment, and economic stability. To gain insight into current exchange rate trends and make informed financial decisions, it's essential to delve into exchange rate history. In this article, we'll explore the significance of exchange rate... Source: over 1 year ago
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IC Markets mentions (0)

We have not tracked any mentions of IC Markets yet. Tracking of IC Markets recommendations started around Aug 2022.

What are some alternatives?

When comparing Fixer.io and IC Markets, you can also consider the following products

Currencyapi.com - Currencyapi.com is a free, reliable & feature complete currency exchange rates API. 170+ world currencies & 60 second update rate.

Baxia Markets - Leading Regulated Global Trading Provider | FX, Crypto, Stocks, Indices, Metals & Energy

FXRatesAPI - Your Gateway to Real-Time Exchange Rates

FXChoice - FXChoice is an Electronic Communications Networks broker that offers Contract For Differences and Forex trading on the most popular platforms.

Open Exchange Rates - Free, hourly-updated exchange rates - a simple, accurate, open-source JSON API. Free for personal use, a bargain for everybody else.

KOT4X - KOT4X is an online platform for Forex trading, Crypto, and CFD Broker that offers a wide range of tradable assets, including Forex, Cryptocurrencies, Gold, and Oil.

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