IC Markets
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73.59% of retail CFD accounts lose money

Vs.

XTB
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77% of retail CFD accounts lose money

IC Markets Vs. XTB - Compare and Choose the Right One

Updated Nov 25 2021

Visit

73.59% of retail CFD accounts lose money

Visit

77% of retail CFD accounts lose money

Overview

ICMarkets 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)
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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
N/A N/A
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.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission
Financial Services Authority Seychelles
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Polish Financial Supervision Authority
National Securities Market Commission (Spain)
📍 Year Founded
2007 2002
💳 Minimum Deposit
$200 $, €, £ - 0
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Bitcoin
Sofort
Neteller
Paypal
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
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
📙 Stocks
1600 + 1877
📘 Currency Pairs
61 57
📗 Commodities
22 21
📕 Indices
25 36
📔 ETFs
N/A 135
💸 Cryptocurrencies
18 5
📒 Bonds
11 N/A
📓 Options
N/A N/A
📗 Futures
4 N/A
📝 Notes:
All ICMarkets assets are CFDs. All XTB assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock $50
📉 Minimum ETFs Trade Size
N/A $50
📈 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
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) Varies by Commoditty (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Varies by Bond N/A
📈 Minimum Futures Trade Size
Varies by Future N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 N/A
✍ 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 Yes
💻 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
Yes Yes
Fees
💰 Inactivity Fee
No Yes, $10 a month after 1 year of inactivity
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 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 / 0.08% - $8 Minimum commission
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)
N/A 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

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