IC Markets vs XGLOBAL Markets, Updated for 2023
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IC Markets Rating
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XGLOBAL Markets Rating
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Losses can exceed deposits |
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IC Markets vs XGLOBAL Markets Guide |
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Read our In-Depth IC Markets vs XGLOBAL Markets Review - for 2023
This IC Markets vs XGLOBAL Markets review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs XGLOBAL Markets review 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
Every online trading platform has a few pros and cons, and no IC Markets and XGLOBAL Markets review would be complete without having a balanced approach. Compare IC Markets and XGLOBAL Markets to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
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're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right agent who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and XGLOBAL Markets are two such platforms which will take you along with your investment to great heights. It is important that you compare IC Markets vs XGLOBAL Markets until you trust them with your cash.
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 good agent can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your broker before you select them. It's a common misconception that all agents will be the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
IC Markets and XGLOBAL Markets are both brokers that have forged their way successfully into the brokerage world. In this review, we've tried to collate some of the important aspects of both IC Markets and XGLOBAL Markets. This review can help you to understand whether either XGLOBAL Markets or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of IC Markets and XGLOBAL Markets Compared
IC Markets has a minimum deposit of $200 while XGLOBAL Markets has 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 while XGLOBAL Markets has around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and XGLOBAL Markets 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 should 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 your broker easily is vital. IC Markets and XGLOBAL Markets have the following contact details and social medias that you can use.
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| Broker | IC Markets | XGLOBAL Markets |
| Telephone Number | +248 467 19 76 | |
| support@icmarkets.com | ||
| Address | 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 | |
| YouTube | IC Markets YouTube Channel | XGLOBAL Markets YouTube Channel |
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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 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.
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 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
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| Broker | IC Markets | XGLOBAL Markets |
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IC Markets have won several industry awards over the time they have been running as a financial broker. We detail the most recognised awards for IC Markets below.
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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 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 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 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 collection of rules for ensuring fair trading on their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare IC Markets vs XGLOBAL Markets Commission And Fees
IC Markets and XGLOBAL Markets are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.
But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of penalties for this objective.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In such instances, you are spending a spread, financing rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake on your accounts. They are billed 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 fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and XGLOBAL Markets are comparatively competitive. As a result, you're billed more for non-trading activities on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This IC Markets vs XGLOBAL Markets review for 2023 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 communicate completely with your online broker is a key way of comparing trading platforms to find the best broker. Not only for support but to ensure you completely 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.
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 most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many users IC Markets and XGLOBAL Markets are active on their platform
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| Broker | IC Markets | XGLOBAL Markets |
| Clients / Users | 60,000+ | 10,000+ |
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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
What Can You Trade With IC Markets and XGLOBAL Markets?
IC Markets offers 232 trading instruments whilst XGLOBAL Markets offers 261.
Below you will find a full breakdown of what both IC Markets and XGLOBAL Markets offer.
Compare IC Markets To All Other Brokers
Compare XGLOBAL Markets To All Other Brokers