Two established brokers are evaluated on regulation, cost, execution, and platforms. The axis splits between raw spreads and platform ecosystems.
IC Markets edges XTB on the overall editorial score due to better fees/spreads and ECN execution.
Find out which broker best suits your trader profile.
Choose IC Markets if…
Choose IC Markets if you want true ECN pricing and deep liquidity.
Choose XTB if…
Choose XTB if you prefer a zero minimum deposit and robust regulatory coverage.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
IC Markets offers tighter spreads from 0.00 pips vs 0.80 pips for XTB, reducing trading costs.
| Editorial score | 4.7/ 5 | 4.5/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5 | 4.8 / 5▲ |
Pros
True ECN routing with raw 0.0 pip spreads
All three major platforms (MT4, MT5, cTrader)
Deep liquidity from 25+ tier-1 sources
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | IC Markets | XTB |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: IC Markets rates 4.7/5 and XTB rates 4.5/5. IC Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
IC Markets starts from 0 pips, tighter than XTB's 0.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
XTB has no minimum deposit, while IC Markets requires at least $200. This makes XTB more accessible for traders with limited starting capital.
Both IC Markets and XTB hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: XTB has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
IC Markets lists maximum leverage of 500:1, while XTB lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
IC Markets charges $7 per lot on commission-based accounts. Commission details for XTB are not currently available. Check their website for up-to-date pricing.
IC Markets supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while XTB supports xStation 5, MetaTrader 4. Both provide MetaTrader 4. IC Markets has exclusive access to cTrader and MetaTrader 5 and TradingView. XTB has exclusive access to xStation 5.
XTB is FCA, CySEC, and KNF regulated and listed, signaling strong safety and governance.
IC Markets delivers true ECN routing with 0 pip raw spreads and deep liquidity.
IC Markets is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
IC Markets supports MT4, MT5, and cTrader offering broad platform options.
XTB offers a zero minimum deposit which lowers onboarding barriers.
Fees & Spreads 30% weight | 5.0 / 5▲ | 4.4 / 5 |
|---|
Platforms & Tools 20% weight | 4.6 / 5 | 4.8 / 5▲ |
|---|
Customer Support 10% weight | 4.5 / 5▲ | 4.2 / 5 |
|---|
| Founded | 2007 | 2002 |
|---|
| Headquarters | Sydney, Australia | Warsaw, Poland |
|---|
| Min Deposit | $200 | No minimum▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.8 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | None | €10/month (after 12 months) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerPayPal | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FSCA CySEC | FCA CySEC KNF |
|---|
| Platforms | cTrader MetaTrader 5 TradingView MetaTrader 4 | xStation 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
LSE- and WSE-listed with FCA, CySEC, and KNF regulation, exceptional corporate transparency
xStation 5 is one of the best proprietary platforms in retail forex
Zero-commission stock CFDs up to EUR 100,000/month
No minimum deposit on standard accounts
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
Not available to US residents
Higher minimum deposit than IG/OANDA
No proprietary platform
Cons
Market maker on forex, not appropriate for raw ECN scalpers
Product breadth narrower than IG or Saxo
Support quality varies outside European hours
No raw spread account option
Inactivity fee applies
Dig deeper into each broker’s features, fees, and regulation.
Score 4.5 / 5
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