IC Markets vs XTrade Comparison

Last updated Mar 28, 2025
IC Markets LogoIC Markets
4.7/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
XTrade LogoXTrade
3.3/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of IC Markets and XTrade

BrokerIC MarketsXTrade
Rating
4.7/5
3.3/5
Foundation Year20072003
Regulated in CountriesSeychelles, Australia, Cyprus, KenyaBelize
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 250 USD
Spreadfrom 0 pointsfrom 1 points
Max Leverage1:5001:400
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • xTrade
ReviewIC Markets Review XTrade Review

IC Markets is suitable for traders looking for low spreads and ECN accounts and the ability to scalp and use expert advisors.

Xtrade is suitable for traders who value a simple interface, bonus programs, and access to education and analytics.

IC Markets Review

IC Markets Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare IC Markets trading accounts

IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.

IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.

Pros and Cons of IC Markets

Pros

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

IC Markets is in the top 10 of the following ratings:

XTrade Review

XTrade Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
xTrade
compare XTrade trading accounts

Xtrade offers a wide range of deposit and withdrawal methods, an extensive range of markets and trading products, and a variety of analytical tools. The broker is equipped with an extensive training center, which makes it attractive for novice traders who want to expand their knowledge and improve their trading skills. Responsive and feature-rich customer support enhances the usability of the broker's services.

Xtrade is suitable for novice traders, thanks to its accessible educational resources and wide range of trading products. However, potential clients should pay special attention to regulatory issues and trading costs before deciding to start working with this broker.

Pros and Cons of XTrade

Pros

  1. Wide range of deposit and withdrawal methods.
  2. Extensive selection of markets and products for trading.
  3. Diversity of analytical tools.
  4. Comprehensive educational center with various materials.
  5. Responsive and multifunctional technical support.

Cons

  1. Weak regulation may raise concerns about the security of client funds.
  2. Limited variety of accounts and services offered.
  3. Wide spreads, which can increase trading costs.
  4. Long processing time for withdrawal requests.
  5. Lack of alternatives to the offered trading platform, limiting traders' choices.

Reliability

BrokerIC MarketsXTrade
Reliability
5/5
3.2/5
Foundation Year20072003
Regulated in CountriesSeychelles, Australia, Cyprus, KenyaBelize
Regulators
-

IC Markets

IC Markets operates under the regulation of several jurisdictions, including ASIC in Australia, CySEC in Cyprus, and SFSA in the Seychelles, indicating a high degree of regulation.

XTrade

The reliability of Xtrade International Ltd is questionable due to the lack of licenses from strict regulators, despite having a license from the Belize FSC.

Pros

  1. Segregated client accounts.
  2. Investor compensation fund.

Cons

  1. Lack of licenses from strict regulators.

Account Opening

BrokerIC MarketsXTrade
Account Opening
4.5/5
4/5
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 250 USD

IC Markets

The account opening process at IC Markets is well-thought-out, transparent, and detailed, ensuring convenience and ease for clients. However, the high minimum deposit may deter many beginners.

XTrade

Account opening at Xtrade is fairly standard and transparent.

Pros

  1. Free and fast account opening.
  2. Clear verification instructions.

Cons

  1. High minimum deposit.
  2. Verification can be lengthy.

Account Types

BrokerIC MarketsXTrade
Account Types
3.8/5
2.3/5
Trading Accounts
  • Standard
  • Raw Spread cTrader
  • Raw Spread
  • Standard
  • Platinum
  • Premium
  • VIP
Minimum Deposit
  • 200 USD
  • 200 EUR
  • 200 CHF
  • 200 GBP
  • 200 AUD
  • 200 NZD
  • 200 SGD
  • 1500 HKD
  • 30000 JPY
  • 250 USD
Spreadfrom 0 pointsfrom 1 points
Max Leverage1:5001:400
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • xTrade
Demo Account
Swap-free Account

IC Markets

IC Markets' accounts are mainly aimed at experienced and professional traders.

Pros

  1. ECN accounts
  2. Ability to copy trades
  3. Access to VPS

Cons

  1. No cent accounts
  2. No fixed spread accounts

XTrade

Xtrade offers a variety of accounts, but does not satisfy the needs of all categories of traders.

Pros

  1. Four types of accounts for different traders.
  2. Reduced spreads for Premium and VIP accounts.

Cons

  1. Absence of cent and Islamic accounts.
  2. No accounts with fixed spreads.
  3. Lack of copy trading service.

Commissions

BrokerIC MarketsXTrade
Commissions
4.5/5
2/5
Spreadfrom 0 pointsfrom 1 points
Average Spread (EURUSD)0.623
Commission per Lot$3.5

IC Markets

IC Markets has low commissions. Fees for transactions on ECN accounts and spreads are acceptable to most traders, and the absence of charges for deposits/withdrawals and account inactivity is a significant advantage.

XTrade

Commissions at Xtrade are relatively high, which can increase a trader's costs.

Pros

  1. No withdrawal fee.

Cons

  1. High spreads.
  2. Inactivity fee of 50 USD.

Deposit and Withdrawal

BrokerIC MarketsXTrade
Rating
4.5/5
3.5/5
Account Funding Methods
  • PayPal
  • Neteller
  • Skrill
  • Bpay
  • FasaPay
  • Klarna
  • Swift
  • SEPA
  • Visa
  • Mastercard
  • UnionPay
  • POLi
  • Rapidpay
  • Moneta.ru
  • Qiwi
  • WebMoney
  • YooMoney
  • VLoad
  • Alipay
  • AstroPay
  • Boleto
  • CashU
  • FasaPay
  • Jeton
  • Bpay
  • Swift
  • Sofort
  • Visa
  • Mastercard
  • JCB
  • EPS
  • Giropay
  • iDeal
  • Przelewy24
  • POLi

IC Markets

IC Markets offers multiple options for depositing and withdrawing funds, but possible fees from banks and payment systems should be considered, along with some restrictions on withdrawal methods.

XTrade

Xtrade offers a variety of deposit and withdrawal methods, but with lengthy processing times.

Pros

  1. Wide selection of payment systems.
  2. No fees on many methods.

Cons

  1. Long withdrawal processing time.
  2. Absence of cryptocurrencies.

Markets and Products

BrokerIC MarketsXTrade
Markets and Products
5/5
5/5
Forex6157
Precious Metals79
Energy Carriers55
Soft Commodities87
Indices2525
Stocks2175300
ETF3813
Bonds105
Cryptocurrency2152

IC Markets

IC Markets offers various trading instruments, including currency pairs, CFDs on metals, energy resources, commodities, indices, stocks, bonds, and cryptocurrencies.

XTrade

Xtrade offers an extensive selection of markets and products, meeting the needs of various traders.

Pros

  1. Wide range of currency pairs.
  2. Numerous CFDs on stocks from different countries.
  3. Availability of cryptocurrencies.

Trading Platforms

BrokerIC MarketsXTrade
Rating
5/5
3.5/5
Trading Platforms
  • MetaTrader 5
  • MetaTrader 4
  • cTrader
  • TradingView
  • xTrade

IC Markets

IC Markets provides powerful and functional trading platforms suitable for various trader categories.

XTrade

Xtrade offers a functional and user-friendly platform.

Pros

  1. Web platform with no download required.
  2. Full-featured mobile application.

Cons

  1. Lack of popular platforms such as MT4 or MT5.
  2. Limited choice of platforms.
  3. No desktop version of the platform.

Analytics

BrokerIC MarketsXTrade
Rating
5/5
4/5

IC Markets

IC Markets provides its clients with an extensive set of analytical tools and materials, which can assist them in successful trading in the financial markets.

XTrade

Xtrade's analytics are well-developed, providing traders with a variety of market analysis tools.

Pros

  1. Daily video analysis.
  2. Economic calendar and up-to-date news.
  3. Specialized calculators for technical analysis.

Cons

  1. Lack of regular reviews from experts.
  2. No trading signals.

Education

BrokerIC MarketsXTrade
Rating
5/5
4/5

IC Markets

IC Markets offers a wide range of educational resources, from interactive video lessons to webinars and podcasts, demonstrating care for their clients and a commitment to providing all the necessary resources for successful trading.

XTrade

Xtrade provides extensive educational materials covering various levels of complexity.

Pros

  1. Wide range of topics.
  2. Materials for beginners and professionals.
  3. Availability of video tutorials and e-books.

Cons

  1. Lack of webinars.
  2. Some topics may require deeper study.

Customer Support

BrokerIC MarketsXTrade
Rating
4.7/5
4/5
Email Support
  • clientrelations@icmarkets.com
  • support@icmarkets.com
  • accounts@icmarkets.com
  • info@xtrade.com
  • support@xtrade.com
Hotline Phones
  • +2484671976
  • +442038074001
Social Media

IC Markets

IC Markets provides a variety of communication channels, ensuring support service accessibility for clients. Numerous client reviews indicate the support team's quick response and high professionalism.

Pros

  1. Positive reviews about professional support
  2. Multiple channels for support communication
  3. Support is available 24/7

Cons

  1. Only international call option is available

XTrade

Xtrade's customer support is responsive and diverse, but there are minor communication issues.

Pros

  1. Variety of communication channels.
  2. 24/5 availability during weekdays.
  3. Quick and professional response.

Cons

  1. Some reviews indicate problems with resolving disputes.

Alternatives to IC Markets and XTrade

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.