XM vs ICICI Direct, for 2024

Compare XM vs ICICI Direct

Each online trading platforms feature some ups and downs, and a complete review of XM and ICICI Direct should not be regarded as thorough without adopting a balanced approach.

Compare XM and ICICI Direct to understand just how these platforms compare with each other before you choose to create an account. Conducting a comprehensive comparison can place factors into perspective to ensure that you're aware of the expectations.

So you are looking for a broker and are choosing between XM or ICICI Direct. Which one is best in 2024?

Our XM vs ICICI Direct comparison contains the most recent information so you can easily compare ICICI Direct against XM.

If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll get proficient at all of the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. XM and ICICI Direct are just two such platforms which will take you along with your investment into great heights. It's important to compare XM vs ICICI Direct until you trust them with your cash.

Our XM vs ICICI Direct comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and ICICI Direct side by side.

Our entire XM vs ICICI Direct Review covers everything you need to know about trading using either XM or ICICI Direct. A good agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investing goals.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It's a common misconception that all brokers are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.

XM and ICICI Direct are both brokers that have found their way successfully to the broker world. Within this review, we've tried to collate some of the vital aspects of both XM and ICICI Direct. This review will allow you to understand whether either ICICI Direct or XM is a fantastic match for your investments or not. We've tried to breakdown all of the features and fees for your convenience.

Benefits of XM and ICICI Direct Compared

XM offers a minimum deposit of $5 while ICICI Direct has a $0 minimum deposit.

Why smaller minimum deposits are good and how XM and ICICI Direct 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.

XM has around 100 financial instruments whilst ICICI Direct allows you to trade around 100 financial instruments available.

The more instruments you can trade on the XM and ICICI Direct 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 XM or ICICI Direct.

XM and ICICI Direct Contact Details

Being able to contact an online trading platform easily is a sign of a professional broker. XM and ICICI Direct have the following contact details and social medias that you can use.

ICICI Direct and XM 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 XM and ICICI Direct we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of the apps as Better than the 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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?

XM vs ICICI Direct - Awards

XM vs ICICI Direct - Frequently Asked Questions

XM vs ICICI Direct - Headquarters And Year Of Founding

XM was founded in 2009 and has its headquaters in Cyprus.

ICICI Direct was founded in 1994 and has its headquaters in India.

What is the minimum deposit for ICICI Direct or XM

The minimum deposit for XM is $5.

The minimum deposit for ICICI Direct is $0.

Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and ICICI Direct are a good option.

XM vs ICICI Direct - Regulation And Licencing In More Detail

XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

ICICI Direct is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.

Both XM and ICICI Direct have a powerful set of rules for ensuring fair trading on their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their own privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial information.

Compare XM vs ICICI Direct Commission And Fees

XM and ICICI Direct are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.

However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.

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

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those who are charged when you hold a leveraged position for more than daily.

Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.

In general, neither XM or ICICI Direct charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often trade, such as weekly or daily trading.

But, non-trading fees charged by XM and ICICI Direct are comparatively competitive. Consequently, you are charged more for non-trading activities in your trading account, like withdrawal and deposits. These are not about the purchase and sale of assets.

This XM vs ICICI Direct review for 2024 breaks down each of the applicable non-trading charges for you in detail.

Compare Broker Fees For XM And ICICI Direct

What Languages Do XM And ICICI Direct Support?

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

Below you can find the languages that both XM and ICICI Direct support.

How Many Clients Do XM and ICICI Direct Have?

Both XM and ICICI Direct are well known and trusted. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.

Below you will find details of how many customers XM and ICICI Direct are active on their platform

What Payment Methods Do XM and ICICI Direct Accept?

XM and ICICI Direct 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 XM and ICICI Direct

What Can You Trade With XM and ICICI Direct?

XM offers 100 trading instruments whilst ICICI Direct offers 5000.

Below you will find a full breakdown of what both XM and ICICI Direct offer.