IC Markets vs XTB, Who's The Best?

Compare IC Markets vs XTB

All online trading platforms feature a few pros and cons, and any comprehensive review of IC Markets and XTB cannnot be regarded as thorough without embracing a fair assessment.

Assess XTB and IC Markets to get a better understanding of how these platforms line up against each prior to you open an account. Performing a comparative analysis helps to place factors into perspective to ensure that you're cognizant of what to expect.

So you are looking for a professional broker and are choosing between IC Markets or XTB. Which one is best in 2024?

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

If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get proficient at all the concepts of brokerage as you continue trading. For starters, you need to select the right agent who will be clear with you always.

In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. IC Markets and XTB are just two such companies which will take you and your investment to 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 full IC Markets vs XTB Review covers all you will need to know about trading using either IC Markets or XTB. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that aligns with your investing goals.

There is no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you choose them. It's a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and XTB are both brokers which have paved their way successfully into the brokerage world. Within this review, we've tried to collate a number of the important aspects of both IC Markets and XTB. This review can help you to understand whether either XTB or IC Markets is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and fees for your advantage.

Benefits of IC Markets and XTB Compared

IC Markets has a minimum deposit of $200 while XTB offers 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 while XTB allows you to trade around 232 on their platform.

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 never 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 your broker simply is vital. IC Markets and XTB have the following contact details and social medias that you can use.

XTB and IC Markets Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

In this part of our comparison of IC Markets and XTB we'll check whether either of their mobile apps tick all the boxes.

We rate overall 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.

Search Functions

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 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 vs XTB - Frequently Asked Questions

IC Markets vs XTB - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters 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 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 XTB are a good choice.

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 set of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy policies, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare IC Markets vs XTB Commission And Fees

IC Markets and XTB are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.

But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of penalties for this objective.

The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these instances, you're spending a spread, funding speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for longer than a day.

Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake on your account. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

In general, neither IC Markets or XTB charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who often trade, such as weekly or daily trading.

However, non-trading fees billed by IC Markets and XTB are relatively greater. As a result, you're billed more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of resources.

This IC Markets vs XTB review for 2024 breaks down every one of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And XTB

What Languages Do IC Markets And XTB Support?

Being able to communicate completely with your trading broker is a key element when comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading online.

Below you can find all the languages that both IC Markets and XTB offer communication in.

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 a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients are using their services.

Below you will find details of how many clients IC Markets and XTB are working with

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 and XTB offers 1,500.

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