IC Markets
XGLOBAL Markets
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Overview
IC Markets was founded in 2007 and is headquartered in Australia, while XGLOBAL Markets was established in 2008 and is based in Cyprus. IC Markets holds licences including Australian Securities and Investment Commission (ASIC), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. IC Markets serves 60,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $200 at IC Markets and $500 at XGLOBAL Markets.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2007 | 2008 |
| Country | Australia | Cyprus |
| Clients | 60,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between IC Markets and XGLOBAL Markets, directly affecting your bottom line as a trader. IC Markets has a lower barrier to entry with a minimum deposit of $200 (vs $500 at XGLOBAL Markets). XGLOBAL Markets charges withdrawal fees while IC Markets does not, giving IC Markets an edge for frequent withdrawers. IC Markets charges deposit fees; XGLOBAL Markets does not. Overall, IC Markets scores higher on fees in our assessment.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $200 | $500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
IC Markets offers MT4, MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IC Markets supports social and copy trading features, which XGLOBAL Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how IC Markets and XGLOBAL Markets compare. IC Markets runs regular live webinars; XGLOBAL Markets does not. Both provide video tutorials. IC Markets publishes daily market commentary; XGLOBAL Markets does not. Both integrate third-party research tools. IC Markets maintains an archive of past webinars for on-demand viewing. IC Markets scores higher overall in education and research.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IC Markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while XGLOBAL Markets supports 2 (bank transfer, credit/debit card). IC Markets uniquely supports PayPal and Skrill and Neteller among the two brokers. IC Markets scores higher on deposit and withdrawal flexibility.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both IC Markets and XGLOBAL Markets offer live chat support. Both provide phone support. Email support is available at both brokers. IC Markets supports 8 languages and XGLOBAL Markets supports 2, giving IC Markets broader global reach. Both brokers are comparable on support quality.
| Feature | IC Markets | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, and Chinese |