IC Markets vs XGLOBAL Markets, Who's Better?
IC Markets Rating
XGLOBAL Markets Rating
Losses can exceed deposits
Your capital is at risk
IC Markets vs XGLOBAL Markets Guide
Read our In-Depth IC Markets vs XGLOBAL Markets Review - for 2024
This IC Markets vs XGLOBAL Markets review has been refreshed to reflect any changes for 2024 by industry experts boasting extensive financial experience in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs XGLOBAL Markets does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
XGLOBAL Markets Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs XGLOBAL Markets
Each trading platforms feature some ups and downs, and a complete review of IC Markets and XGLOBAL Markets would not be complete without adopting a balanced approach.
Examine XGLOBAL Markets and IC Markets to understand just how these platforms line up with each before you choose to create an account. A comprehensive comparison can place factors into perspective to ensure that you're informed about the expectations.
So you are looking for a professional broker and are choosing between IC Markets or XGLOBAL Markets. Who should you choose?
Our 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 facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll get adept at all of the concepts of broker since you continue trading. For starters, you have to select the right broker who will be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and XGLOBAL Markets are just two such platforms which will take you along with your investment to great heights. It is crucial to 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 using either IC Markets or XGLOBAL Markets. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It is a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
IC Markets and XGLOBAL Markets are both brokers that have forged their way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital facets of both IC Markets and XGLOBAL Markets. This review can help you to understand whether either XGLOBAL Markets or IC Markets is a good match for your investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Benefits of IC Markets and XGLOBAL Markets Compared
IC Markets has 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 financial instruments on their platform.
The more 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 never 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 an online trading platform through many ways is vital. IC Markets and XGLOBAL Markets have the following contact details and social medias that you can use.
|+248 467 19 76
|Level 4, 50 Carrington Street, Sydney NSW 2000
|IC Markets Twitter Account
|XGLOBAL Markets Twitter Account
|IC Markets Facebook Page
|XGLOBAL Markets Facebook Page
|IC Markets Instagram Account
|XGLOBAL Markets Instagram Account
|IC Markets LinkedIn Page
|XGLOBAL Markets LinkedIn Page
|IC Markets YouTube Channel
|XGLOBAL Markets YouTube Channel
|Find Out More
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.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
While most brokers are good at this, there are some poor ones. 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
IC Markets vs XGLOBAL Markets - Awards
IC Markets have won many industry awards over the years they have been operating as an online broker. We list the most recognised awards for IC Markets below.
|At the time of writing this XGLOBAL Markets review, and despite XGLOBAL Markets’s impressive offering, the company has surprisingly not garnered any awards to date.
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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 head office in Australia.
XGLOBAL Markets was founded in 2008 and has its headquaters 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 needs, 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 option.
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 strong set of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer data is to not 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 brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker is not necessarily affected by the amount of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you are paying a spread, financing speed, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those that are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IC Markets or XGLOBAL Markets charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by IC Markets and XGLOBAL Markets are comparatively higher. As a result, you're billed more for non-trading actions in your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of resources.
This IC Markets vs XGLOBAL Markets review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And XGLOBAL Markets
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What Languages Do IC Markets And XGLOBAL Markets Support?
Being able to chat completely with your trading broker is a key part of comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key part of success when trading online.
Below you can find the languages that both IC Markets and XGLOBAL Markets support.
|English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
|English, and Chinese
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How Many Clients Do IC Markets and XGLOBAL Markets Have?
Both IC Markets and XGLOBAL Markets are well established with their customer base. It is important to work with an online broker you can trust 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 clients IC Markets and XGLOBAL Markets have
|Clients / Users
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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
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What Can You Trade With IC Markets and XGLOBAL Markets?
IC Markets offers 232 trading instruments while XGLOBAL Markets offers 261.
Below you will find a full breakdown of what both IC Markets and XGLOBAL Markets offer.
IC Markets Review
IC Markets vs XGLOBAL Markets:
Table Of Contents
- Compare IC Markets vs XGLOBAL Markets
- Benefits of IC Markets and XGLOBAL Markets Compared
- XGLOBAL Markets and IC Markets Mobile App Comparison
- IC Markets vs XGLOBAL Markets - Awards
- IC Markets vs XGLOBAL Markets - Frequently Asked Questions
- What is the minimum deposit for XGLOBAL Markets or IC Markets
- IC Markets vs XGLOBAL Markets - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And XGLOBAL Markets
- What Languages Do IC Markets And XGLOBAL Markets Support?
- How Many Clients Do IC Markets and XGLOBAL Markets Have?
- What Payment Methods Do IC Markets and XGLOBAL Markets Accept?
- What Can You Trade With IC Markets and XGLOBAL Markets?