IC Markets vs XGLOBAL Markets, Who's The Best?

Compare IC Markets vs XGLOBAL Markets

All trading platforms will have certain ups and downs, so a complete review of IC Markets and XGLOBAL Markets cannnot be regarded as thorough without having a fair assessment.

Examine XGLOBAL Markets and IC Markets to understand just how they line up to each before you make an account. A comprehensive comparison will put things into perspective in order that you're informed about what to expect.

So you are looking for a professional broker and are choosing between IC Markets or XGLOBAL Markets. Who should you choose?

This IC Markets vs XGLOBAL Markets comparison contains the most recent information so you can easily compare XGLOBAL Markets against IC Markets.

If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you have to choose the right broker who'll be clear with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and XGLOBAL Markets are two such stages which will take you along with your investment into great heights. It is crucial that you compare IC Markets vs XGLOBAL Markets until you trust them with your money.

Our IC Markets vs XGLOBAL Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and XGLOBAL Markets side by side.

Our full IC Markets vs XGLOBAL Markets Review covers everything you need to know about trading with either IC Markets or XGLOBAL Markets. A good broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.

There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you select them. It's a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.

IC Markets and XGLOBAL Markets are both brokers that have paved their way successfully to the brokerage world. In this review, we have attempted to collate some of the vital facets of both IC Markets and XGLOBAL Markets. This review will allow you to understand whether either XGLOBAL Markets or IC Markets is a good fit for your investments or not. We have tried to breakdown all of the qualities and charges for your advantage.

Benefits of IC Markets and XGLOBAL Markets Compared

IC Markets offers a minimum deposit of $200 while XGLOBAL Markets offers a $500 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and XGLOBAL Markets compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

IC Markets has around 232 financial instruments whilst XGLOBAL Markets allows you to trade around 232 on their platform.

The more financial instruments you can trade on the IC Markets and XGLOBAL Markets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or XGLOBAL Markets.

IC Markets and XGLOBAL Markets Contact Details

Being able to contact a broker simply is a sign of a professional broker. IC Markets and XGLOBAL Markets have the following contact details and social medias that you can use.

XGLOBAL Markets and IC Markets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

This part of comparing IC Markets and XGLOBAL Markets will examine whether their mobile app meets all our requirements.

We rate overall the user-friendliness of both apps as Better than the average.

It is important that any trading app has user friendly capabilities especially with the

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

IC Markets vs XGLOBAL Markets - Awards

IC Markets vs XGLOBAL Markets - Frequently Asked Questions

IC Markets vs XGLOBAL Markets - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

XGLOBAL Markets was founded in 2008 and has its head office in Cyprus.

What is the minimum deposit for XGLOBAL Markets or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for XGLOBAL Markets is $500.

Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and XGLOBAL Markets are a good choice.

IC Markets vs XGLOBAL Markets - Regulation And Licencing In More Detail

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).

Both IC Markets and XGLOBAL Markets have a powerful set of rules for ensuring honest trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).

As per their individual privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs XGLOBAL Markets Commission And Fees

IC Markets and XGLOBAL Markets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily influenced by the number of clients they have.

But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this objective.

The first kind of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those who are charged when you maintain a leveraged position for more than daily.

Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.

Generally, neither IC Markets or XGLOBAL Markets charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.

However, non-trading fees billed by IC Markets and XGLOBAL Markets are comparatively greater. As a result, you're charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.

This IC Markets vs XGLOBAL Markets review for 2024 breaks down every one of the applicable non-trading fees for you in detail.

Compare Broker Fees For IC Markets And XGLOBAL Markets

What Languages Do IC Markets And XGLOBAL Markets Support?

Being able to chat easily with your trading broker is a key part of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their application as it is a key factor to success when trading online.

Below you will find all the languages that both IC Markets and XGLOBAL Markets offer communication in.

How Many Clients Do IC Markets and XGLOBAL Markets Have?

Both IC Markets and XGLOBAL Markets are well established with their client base. It is really important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many clients they already work with.

Below you will find details of how many customers IC Markets and XGLOBAL Markets are active on their platform

What Payment Methods Do IC Markets and XGLOBAL Markets Accept?

IC Markets and XGLOBAL Markets both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at IC Markets and XGLOBAL Markets

What Can You Trade With IC Markets and XGLOBAL Markets?

IC Markets offers 232 trading instruments and XGLOBAL Markets offers 261.

Below you will find a full breakdown of what both IC Markets and XGLOBAL Markets offer.