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IC Markets vs Xtrade 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is IC Markets better than Xtrade? In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Xtrade is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTeleTrade
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  • check_box_outline_blankcheck_boxXtrade

Compare

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Overall RatingIC MarketsXtrade
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 2.5/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 80
Winner check_circle
Review IC Markets Review
Broker ScreenshotsIC MarketsXtrade
Trading Platforms Gallery (click to expand)
IC Markets EU cTrader desktop trading platformzoom_in IC Markets EU cTrader desktop trading platform chartszoom_in IC Markets EU cTrader desktop trading platform layoutzoom_in IC Markets EU cTraderzoom_in IC Markets EU cTrader copy web strategy detailzoom_in IC Markets EU cTrader desktop trading platform Autochartist signalszoom_in IC Markets EU cTrader desktop trading platform news headlineszoom_in IC Markets EU cTrader desktop trading platform watchlistzoom_in IC Markets EU MT5 desktop trading platformzoom_in IC Markets EU MT5 desktop trading platformzoom_in
Research Gallery (click to expand)
IC Markets research hubzoom_in IC Markets cTraderCopyzoom_in IC Markets cTraderCopy example strategieszoom_in IC Markets Vimeo channel uploadszoom_in IC Markets videos Vimeo channelzoom_in IC Markets research technical outlook and review blog articlezoom_in
Mobile Trading Gallery (click to expand)
IC Markets cTrader mobile app chartingzoom_in IC Markets cTrader mobile app watchlistzoom_in IC Markets cTrader mobile app order windowzoom_in IC Markets MT5 mobile trading appzoom_in IC Markets MT5 mobile trading app chartszoom_in IC Markets MT5 mobile trading app contract specificationszoom_in IC Markets MT5 mobile trading app economic calendarzoom_in IC Markets MT5 mobile trading app watchlistzoom_in
Education Gallery (click to expand)
IC Markets YouTube channel educational videoszoom_in IC Markets archived webinars YouTube videozoom_in IC Markets Vimeo channel educational videoszoom_in
RegulationIC MarketsXtrade
Trust Score 86 80
Year Founded 2007 2003
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info No
Tier-1 Licenses 1 1
Tier-2 Licenses 1 2
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)IC MarketsXtrade
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No No
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) No No
Tier-2 Licenses (Average Trust)IC MarketsXtrade
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes Yes
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) No Yes
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) No No
Tier-3 Licenses (Low Trust)IC MarketsXtrade
Bahamas (SCB Authorised) Yes No
Belize (FSC Authorised) No Yes
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No No
Vanuatu (VFSC Authorised) No No
InvestmentsIC MarketsXtrade
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3583 142
Forex Pairs (Total) 61 56
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIC MarketsXtrade
Average Spread EUR/USD - Standard 0.62 info N/A info
All-in Cost EUR/USD - Active 0.62 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingIC MarketsXtrade
Minimum Deposit $200 $250
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIC MarketsXtrade
Proprietary Platform No Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader Yes No
DupliTrade No No
ZuluTrade Yes No
Trading ToolsIC MarketsXtrade
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 30 N/A
Charting - Drawing Tools (Total) 15 18
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingIC MarketsXtrade
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchIC MarketsXtrade
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationIC MarketsXtrade
Education (Forex or CFDs) Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsIC MarketsXtrade
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review IC Markets Review
OverallIC MarketsXtrade
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 2.5/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 80
Winner check_circle
Review IC Markets Review
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IC Markets vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs Xtrade.

Does IC Markets or Xtrade offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is IC Markets or Xtrade safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both IC Markets and Xtrade hold 1 global Tier-1 licenses. Xtrade holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IC Markets earned a higher Trust Score than Xtrade.

Which trading platform is better: IC Markets or Xtrade?

To compare the trading platforms of both IC Markets and Xtrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, IC Markets offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Xtrade's 56 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while Xtrade has 142 available CFDs, a difference of 3441.

Can I trust IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). Xtrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

Overall winner: IC Markets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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