IC Markets vs XTB, Updated for 2022
Read our In-Depth IC Markets vs XTB Review - 2022 Update
This IC Markets vs XTB review has been updated for 2022 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 XTB review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
XTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between IC Markets or XTB. Who should you choose?
Our IC Markets vs XTB review contains the most recent information so you can easily compare XTB against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will get proficient at all of the concepts of broker as you continue trading. For starters, you have to select the right agent who'll be clear with you always.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and XTB are just two such companies which will take you and your investment into great heights. It's crucial that you compare IC Markets vs XTB before you trust them with your money.
Our IC Markets vs XTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and XTB side by side.
Our entire IC Markets vs XTB Review covers all you will need to learn about trading with either IC Markets or XTB. 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 contrasts with your investment goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your agent before you select them. It is a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
IC Markets and XTB are both brokers which have found their way successfully to the broker world. Within this review, we have attempted to collate some of the important facets of both IC Markets and XTB. This review can help you to know whether either XTB or IC Markets is a good match for your own investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Compare IC Markets vs XTB
Every online trading system will have a few pros and cons, and no IC Markets and XTB review would be complete without having a balanced approach. Compare IC Markets and XTB to understand how they stack 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.
Benefits of IC Markets and XTB Compared
IC Markets offers a minimum deposit of $200 while XTB has a $0 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and XTB 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 XTB has around 232 financial instruments available.
The more financial instruments you can trade on the IC Markets and XTB 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 XTB.
IC Markets and XTB Contact Details
Being able to contact an online trading platform easily is important. IC Markets and XTB have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||020 3695 3085|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||Level 9, One Canada Square, Canary Wharf, E14 5AA|
|IC Markets Twitter Account||XTB Twitter Account|
|IC Markets Facebook Page||XTB Facebook Page|
|IC Markets Instagram Account||XTB Instagram Account|
|IC Markets LinkedIn Page||XTB LinkedIn Page|
|YouTube||IC Markets YouTube Channel||XTB YouTube Channel|
|Find Out More||
XTB 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 XTB will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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 XTB - Awards
IC Markets have won many industry awards over the time they have been operating as a financial broker. We list the most notable awards for IC Markets below.
XTB have won many industry awards over the time they have been operating as an online broker. We show the most notable awards for XTB here.
|Find Out More||
IC Markets vs XTB - Frequently Asked Questions
IC Markets vs XTB - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its head office in Australia.
XTB was founded in 2002 and has its head office in Poland.
What is the minimum deposit for XTB or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for XTB is $0.
Depending on your circumstances, 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 XTB are a good option.
IC Markets vs XTB - 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).
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
Both IC Markets and XTB have a strong 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 individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare IC Markets vs XTB Commission And Fees
IC Markets and XTB are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the number of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such instances, you are paying a spread, financing rate, or even a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or XTB charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by IC Markets and XTB are comparatively greater. Consequently, you're billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This IC Markets vs XTB review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For IC Markets And XTB
What Languages Do IC Markets And XTB Support?
Being able to chat easily with your trading platform is a key part of comparing online brokers to find your perfect 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 XTB support.
How Many Clients Do IC Markets and XTB Have?
Both IC Markets and XTB are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple 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 XTB have
What Payment Methods Do IC Markets and XTB Accept?
IC Markets and XTB 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 XTB
What Can You Trade With IC Markets and XTB?
IC Markets offers 232 trading instruments whilst XTB offers 1,500.
Below you will find a full breakdown of what both IC Markets and XTB offer.
Compare IC Markets To All Other Brokers
Compare XTB To All Other Brokers
IC Markets Review
IC Markets vs XTB:
Table Of Contents
- Compare IC Markets vs XTB
- Benefits of IC Markets and XTB Compared
- XTB and IC Markets Mobile App Comparison
- IC Markets vs XTB - Awards
- IC Markets vs XTB - Frequently Asked Questions
- What is the minimum deposit for XTB or IC Markets
- IC Markets vs XTB - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And XTB
- What Languages Do IC Markets And XTB Support?
- How Many Clients Do IC Markets and XTB Have?
- What Payment Methods Do IC Markets and XTB Accept?
- What Can You Trade With IC Markets and XTB?