IC Markets vs Xtrade, 2024 Update

Compare IC Markets vs Xtrade

Each trading platforms has a few advantages and disadvantages, and any comprehensive IC Markets and Xtrade review cannnot be complete without adopting an objective perspective.

Assess Xtrade and IC Markets to understand how they line up against each before you choose to create an account. Performing a comparative analysis can put things in perspective so that you are cognizant of what to expect.

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

Our IC Markets vs Xtrade comparison contains the latest information so you can easily compare Xtrade against IC Markets.

If you're a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll acquire adept at all the concepts of broker as you keep trading. For starters, you have to select the right broker who will be clear with you constantly.

In 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 create hefty returns. IC Markets and Xtrade are just two such companies that will take you along with your investment into great heights. It's crucial to compare IC Markets vs Xtrade before you trust them with your cash.

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

Our full IC Markets vs Xtrade Review covers all you will need to learn about trading using either IC Markets or Xtrade. A good agent can multiply your first investments and give you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investment objectives.

There's absolutely no sure-fire way to guarantee profits; therefore, you should 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, initially, can put your investments in danger.

IC Markets and Xtrade are both brokers which have found their way successfully to the broker world. In this review, we've attempted to collate some of the vital aspects of both IC Markets and Xtrade. This review can allow you to understand whether either Xtrade or IC Markets is a good fit for your investments or not. We have attempted to breakdown all of the features and fees for your convenience.

Benefits of IC Markets and Xtrade Compared

IC Markets has a minimum deposit of $200 while Xtrade offers a $1 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and Xtrade 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 allows you to trade around 232 financial instruments while Xtrade has around 232 available.

The more instruments you can trade on the IC Markets and Xtrade 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 Xtrade.

IC Markets and Xtrade Contact Details

Being able to contact your broker easily is vital. IC Markets and Xtrade have the following contact details and social medias that you can use.

Xtrade 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.

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

Overall, we rate the user-friendliness of both apps as better than 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 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 Xtrade - Awards

IC Markets vs Xtrade - Frequently Asked Questions

IC Markets vs Xtrade - Headquarters And Year Of Founding

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

Xtrade was founded in 2003 and has its head office in Australia.

What is the minimum deposit for Xtrade or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for Xtrade is $1.

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 Xtrade are a good choice.

IC Markets vs Xtrade - 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).

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

Both IC Markets and Xtrade have a strong collection of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their own privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs Xtrade Commission And Fees

IC Markets and Xtrade are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker is not necessarily influenced by the number of customers they have.

However, this does not 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 primarily three different types of fees for this purpose.

The first sort of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you're spending a spread, financing speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight prices are those who are billed when you maintain a leveraged position for longer than daily.

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

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

However, non-trading fees charged by IC Markets and Xtrade are comparatively greater. Consequently, you are billed more for non-trading activities in your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.

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

Compare Broker Fees For IC Markets And Xtrade

What Languages Do IC Markets And Xtrade Support?

Being able to communicate completely with your trading platform is a key element when comparing online brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.

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

How Many Clients Do IC Markets and Xtrade Have?

Both IC Markets and Xtrade are well known and trusted. 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 customers are using their services.

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

What Payment Methods Do IC Markets and Xtrade Accept?

IC Markets and Xtrade 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 Xtrade

What Can You Trade With IC Markets and Xtrade?

IC Markets offers 232 trading instruments and Xtrade offers .

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