IC Markets
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76.27% of retail CFD accounts lose money.

Vs.

XTB
Visit

79% of retail CFD accounts lose money.

IC Markets Vs. XTB - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Sep 25 2023

Visit

76.27% of retail CFD accounts lose money.

Visit

79% of retail CFD accounts lose money.

Overview

IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

XTB is an international broker specialised in CFD trading and low cost forex spreads.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Experienced forex traders looking for low spreads
  • Experienced stock traders looking for trading particular stocks under low spreads (with commission)
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • CySec (Cyprus)
  • FCA (UK)
  • CMNV (Spain)
  • UKNF (Poland)
The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Low forex & stock spreads
  • Professional platform with customisable layouts
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • No ability to remove or customise leverage
  • High commissions on stocks & ETFs
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2007 2002
💳 Minimum Deposit Range
$200 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Bitcoin
  • Sofort
  • Paypal
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 5 - USD, GBP, EUR, PLN, HUF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, IL.

US, SY, IR.

📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
1,737 2,131
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
1,600 1,877
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
61 57
📗 Commodities
0 0
📗 Commodities CFDs
22 21
📕 Indices
0 0
📕 Indices CFDs
25 36
📔 ETFs
0 0
📔 ETFs CFDs
0 135
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
18 5
📒 Bonds
0 0
📒 Bonds CFDs
11 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable $50 trade value
📉 Minimum ETFs Trade Size
Unavailable $50 trade value
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC) Varies by Crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 - 0.01 Lots Varies by Commoditty (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
None

$10 monthly after 1 year of inactivity.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

For Stocks and ETFs there is an 0.08% commission with $8 minimum.

Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips Dynamic - From 0 to 0.8 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From $8.7 to $42 Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No Yes