To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare IC Markets vs XTB.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both IC Markets and XTB are rated 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. IC Markets alongside XTB are regulated in a major hub. XTB is a publicly traded company while IC Markets is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IC Markets offers its clients access to 63 different currency pairs while XTB has 49 available pairs, a difference of 14.
To round out our comparison of IC Markets vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IC Markets alongside XTB offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both IC Markets and XTB provide clients with access to 31 total charting tools. IC Markets and XTB offer the same number of indicators (eg, volume), 51.
Overall, both IC Markets and XTB are rated 4.00 stars. And, when it comes to individual category awards, XTB posted awards Best in Class - Customer Service in 2018, while IC Markets found itself with none of these.