ICICI Direct
Xtrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
ICICI Direct was founded in 1994 and is headquartered in India, while Xtrade was established in 2003 and is based in Australia. ICICI Direct holds licences including Securities and Exchange Board of India (SEBI), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ICICI Direct serves 2,000,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $0 at ICICI Direct and $1 at Xtrade.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 1994 | 2003 |
| Country | India | Australia |
| Clients | 2,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ICICI Direct and Xtrade, directly affecting your bottom line as a trader. ICICI Direct has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Xtrade). Neither broker charges withdrawal fees. ICICI Direct applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; ICICI Direct does not. The two brokers are broadly comparable on fee structure.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
ICICI Direct offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. ICICI Direct supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ICICI Direct and Xtrade compare. ICICI Direct runs regular live webinars; Xtrade does not. ICICI Direct has a video library; Xtrade does not. ICICI Direct publishes daily market commentary; Xtrade does not. ICICI Direct integrates third-party research tools (Trading Central); Xtrade does not. ICICI Direct maintains an archive of past webinars for on-demand viewing. ICICI Direct scores higher overall in education and research.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ICICI Direct uniquely supports bank transfer among the two brokers. ICICI Direct scores higher on deposit and withdrawal flexibility.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | No | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ICICI Direct and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ICICI Direct offers multilingual support. Both brokers are comparable on support quality.
| Feature | ICICI Direct | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | Not available |