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XTB vs IC Markets
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Updated:
Compare XTB vs IC Markets Side by Side
Can’t decide between XTB and IC Markets and have doubts of which broker is actually better? Use our detailed guide of XTB Review vs IC Markets Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | XTB | IC Markets |
|---|---|---|
| Website | //www.xtb.com | //www.icmarkets.com |
| Founded year | 2002 | 2007 |
| Headquarter | UK | Australia |
| Licenses | UK, Poland, Belize, Spain | Australia, Cyprus, Seychelles |
| Minimum Deposit | US$ 0 | 200 US$ |
| Trading Platforms | MT4, xStation 5 | cTrader, MT4, MT5 |
| Eurusd avg Spread | 0.8 pips | 1 pip |
Licenses
| Feature | XTB | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
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XTB and IC Markets are both highly reputable brokers, offering secure trading environments supported by well-established financial regulators such as ASIC or FCA. Moreover, they have additional entities in various jurisdictions to provide global coverage.
Broker Types
| Feature | XTB | IC Markets |
|---|---|---|
| Broker types |
|
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XTB emphasizes efficient order execution and cost savings through the STP model, while IC Markets leverages the ECN approach for enhanced liquidity and competitive pricing. Both options cater to diverse trading preferences and strategies.
Trading Conditions
| Feature | XTB | IC Markets |
|---|---|---|
| Trading Conditions |
|
|
XTB and IC Markets offer similar trading conditions that are well-suited for beginners seeking tight spreads and the flexibility to employ various strategies like scalping, hedging, and high-leverage trading, all without incurring commissions or spreads. However, XTB sets itself apart by providing an extra layer of protection for traders through guaranteed stop-loss orders, giving investors added security for their investments.
Fees & Commissions
| Fees & Commissions | XTB | IC Markets |
|---|---|---|
| Inactivity Feemonth | $10 | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.000940% | -0.62 |
| Rollover fee eurusd sell 1 lot | +0.004617% | 0.41 |
| Avg Eurusd standard acc | 0.8 pips | 1 pips |
| Gold | 35 | 1 |
| Brent oil | 4 | 5 pip |
| Bitcoin | 1% | 42.036 |
Although both brokers refrain from imposing deposit and withdrawal fees, XTB does apply a $10 inactivity fee, making IC Markets a more appealing choice for individuals aiming to steer clear of non-trading-related charges. Additionally, both brokers provide spreads that are notably lower than the industry average.
Account Types
| Feature | XTB | IC Markets |
|---|---|---|
| Account types |
|
|
Both brokers provide a range of account options designed to cater to diverse trading needs and accommodate traders of varying levels of expertise. Additionally, both brokers offer Islamic Accounts, making them inclusive of traders who adhere to Islamic financial principles.
Markets & Instruments
| Markets & Instruments | XTB | IC Markets |
|---|---|---|
| Forex | 57 | 60 |
| Indices | 42 | 23 |
| Commodities | 1849 | 19 |
| Cryptocurrencies | 25 | 10 |
| Shares | 1849 | 120+ |
| Bonds | ❌ | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | 119 | ❌ |
Both XTB and IC Markets provide a similar selection of trading markets, and both have a somewhat limited number of instruments available. Nevertheless, XTB stands out by offering a variety of ETFs, while IC Markets offer CFDs on Futures and Bonds.
Trading Platforms
| Feature | XTB | IC Markets |
|---|---|---|
| Platforms |
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IC Markets, in contrast to XTB, provides clients with a diverse array of trading platforms, enabling them to select from MetaTrader 4, MetaTrader 5, and WebTrader. Conversely, XTB offers MetaTrader 4 alongside its proprietary trading platform.
Deposit & Withdrawal Methods
| Feature | XTB | IC Markets |
|---|---|---|
| Payment methods |
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XTB and IC Markets both provide similar deposit options, including credit/debit cards, alongside support for several e-payment platforms. Nevertheless, IC Markets stands out for its significantly broader range of e-wallet options. Additionally, XTB offers a more beginner-friendly approach with a minimum deposit requirement of $0, making it an attractive choice for newcomers to the trading world. In contrast, IC Markets mandates a minimum deposit of $200, catering to traders with slightly more capital at their disposal.
Others
| Feature | XTB | IC Markets |
|---|---|---|
| Others |
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Others
XTB and IC Markets excel in delivering robust customer support services. IC Markets goes the extra mile by offering round-the-clock assistance, guaranteeing swift support for traders through a range of communication channels, including live chat, phone support, and email. Furthermore, both brokerage firms are committed to enhancing their clients’ trading proficiency through a wealth of educational resources, encompassing webinars, informative guides, and various valuable tools, all designed to help traders enhance their trading expertise.
Conclusion on IC Markets vs XTB
In conclusion, both XTB and IC Markets maintain solid reputations, competitive trading conditions with low spreads, and robust educational and support services. IC Markets is recommended for traders interested in CFDs on Futures and Bonds and XTB for those preferring trading ETFs. For those seeking more advanced options, IC Markets offers the sophisticated MT5 platform as an attractive alternative to MT4. Here is our final recommendation:
- XTB – 🥇 Best Long-term Trading Broker that guarantees a true STP Trading environment and delivers fair dealing conditions.
- IC Markets —
Best Broker for News Trading for bringing opportunity to trade with Raw Spreads
