IC Markets vs. XTB Comparison

This comparison overview helps individuals who have a hard time to choose between IC Markets and XTB to discover the most effective online broker for their trading and investment requirements. It analyzes the highlights of both brokers side by side to aid individuals compare their service and make an informed decision.

To aid users select the ideal broker between IC Markets and XTB to find the best-suited platform, listed below is a checklist of broker’s advantages and disadvantages, followed by a contrast of their main trading features, including trading platforms & tools, charges, mobile trading, down payment & withdrawal, assets, regulation, and customer assistance.

IC Markets vs. XTB: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

XTB logo

XTB is an international multi-asset broker founded in 2002. It is regulated by two-tier one regulators (the FCA and MiFID) and therefore considered trustworthy. The brokers offers access to 12,000 tradable symbols including 5,400 CFDs on forex, indices, commodities, stocks, ETFs, and cryptocurrencies.

XTB has a proprietary platform (xStation 5) that features extensive trading and research tools including market news, up-to-date price tables, and market calendars. Users can also use various order types and risk management features such as stop-loss orders and negative balance protection. Besides its feature rich proprietary platforms, XTB offers limited MT4 integration.

XTB trading fees are in line with the industry average. They charge an average spread of 0.91 pips (EUR/USD), and also offer spread rebates between 5% to 30% on active trading. XTB also charges inactivity fees of $10/month after 12 months of inactivity.

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Pros

  • Low minimum deposit ($10)
  • Competitive trading fees
  • Great research and education materials
  • MT4 compatibility
  • Cashback rebates and free paper trading account
  • Feature rich and intuitive mobile app

Cons

  • Only CFD trading
  • Charges inactivity fees

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Key features

  • Access to 12,000 financial instruments
  • Free Stock and ETF trading
  • Daily market analysis videos, price tables, and economic calendar
  • Micro-lot trading available
  • Beginner-friendly mobile app (xStation Mobile)
  • Multi-lingual support in English, Arabic and over 10 other languages

IC Markets vs. XTB Comparison

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IC Markets logo

IC Markets

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XTB logo

XTB

Open account Read review

81% of CFD retail account lose money

BROKER COMPARISON

IC Markets logo
XTB logo

Overall rating

4,5/5

3,8/5

Overall rating

4,5/5

3,8/5

Trading Platform & Tools

4.4

4.2

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1:500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.7

See details
Withdrawal Fee No $0
Deposit Fee No $0
Inactivity Fee 0
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 €12
Forex (EUR/USD) 1.2 pips 1.0 pips
Stocks & ETF 0 0
CFD (Gold) 0 1.19 pips
Crypto 0 100 pips
Options 0 0
Conversion Fees 0.01% 0
Misc. Fees 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

2.1

See details
Minimum deposit (in UAE) $200 $0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

2.9

See details
Shares 0 0
ETF & Funds 40 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 75 57
CFD Indices & Funds 25 37
CFD Stocks 2100+ 1796
CFD Commodities 28 23
CFD Crypto 13 10
CFD Bonds 9 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

3.2

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.7

4.4

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IC Markets vs. XTB Comparison Conclusion

The outcomes of our contrast of IC Markets vs. XTB are involved the table below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
XTBForex and CFDs; Beginners and intermediate traders

Picking the appropriate choice in between IC Markets and XTB can be difficult. Both on the internet brokers have similarities but vary relating to trading instruments, platforms & applications, policy, deposit & withdrawals, and research and education. Picking the most effective broker depends upon customers’ trading & financial investment goals, specific preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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