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Do you want to know which is the better broker between ICM and XTB ?
In the table below, you can compare the features of ICM , XTB side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of icm-capital, xtb lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
ICM Review Summary in 10 Points | |
Founded | 2009 |
Headquarters | London, UK |
Regulation | FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs |
Market Instruments | Forex, precious metals, stocks, futures, securities, cryptocurrencies CFD |
Demo Account | Available |
Leverage | 1:200 |
EUR/USD Spread | 1.2 pips |
Trading Platforms | MT4, MT5, cTrader |
Minimum deposit | $200 |
Customer Support | 24/5 live chat, phone, email, WhatsApp or send messages |
ICM, or ICM Capital, is a UK-based online forex and CFD trading provider. It was established in 2009 and is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The company offers trading services in a wide range of financial instruments, including forex, indices, commodities, and cryptocurrencies. ICM also provides clients with access to the MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader trading platforms, and offers multiple account types to cater to the needs of different traders.
ICM offers several advantages for traders, including the provision of the popular MetaTrader platform and a wide range of tradable instruments across multiple asset classes. The broker is also regulated by reputable authorities.
However, there are some drawbacks, such as limited educational resources and research tools. Additionally, ICM is not available for clients in certain jurisdictions.
Pros | Cons |
• Regulated by multiple authorities | • Limited educational resources |
• Commission-free trading | • No 24/7 customer support |
• Islamic accounts offered | • Limited research tools |
• Negative balance protection | |
• MR4, MT5, cTrader supported |
Note: The above table is based on general observations and may not be comprehensive. Pros and cons may vary depending on individual preferences and requirements.
There are many alternative brokers to ICM, each with their own unique features and offerings. Some popular alternatives include:
eToro: eToro is a well-known broker that offers social trading, allowing traders to follow and copy the trades of other successful traders.
IG: IG is a broker that offers a wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
XM: XM is a broker that offers low spreads and competitive pricing, as well as a range of educational resources for traders.
Plus500: Plus500 is a broker that offers commission-free trading and a range of trading instruments, including forex, stocks, and cryptocurrencies.
FXTM: FXTM is a broker that offers a range of trading platforms and a variety of trading instruments, including forex, stocks, and commodities.
It's important to do your own research and compare the features, fees, and offerings of different brokers before choosing one that best fits your trading needs and preferences.
ICM is a legitimate forex and CFD broker that is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA), Financial Services Commission of Mauritius, etc. The company also uses advanced security measures to protect clients' funds and personal information.
However, as with any financial service provider, it is always important to do your own research and due diligence before opening an account and investing your money.
ICM protect their clients with many different protection measures. Specific details can be found in the table below:
Protection Measures | Description |
Regulation | FCA, FSC, LabuanFSA, FSA, ARIF, CABs, QFC |
Negative Balance Protection | Clients can not lose more than their account balance in the event of a market downturn |
Segregated Accounts | Protect clients in the unlikely event of the broker's insolvency |
SSL Encryption | ICM's website and trading platforms use SSL encryption to ensure that all client information and transactions are secure |
Two-Factor Authentication | As an additional security measure to protect client accounts from unauthorized access |
It's worth noting that while these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose.
Based on the regulatory oversight, client fund protection, and risk management policies of ICM, it can be considered a relatively reliable broker. It is regulated by several reputable financial authorities, and it implements measures to ensure the security of its clients' funds.
However, like any other broker, there are still risks associated with trading, such as market volatility and price fluctuations, which should be taken into consideration. Though these measures can help protect clients, no security measures can completely eliminate the risk of financial loss in trading. It's important for traders to understand the risks involved in trading and to only trade with funds they can afford to lose
ICM offers a variety of trading instruments across different asset classes, including:
Forex: ICM offers over 60 major, minor, and exotic currency pairs, including EUR/USD, GBP/USD, USD/JPY, AUD/USD, and many more.
Precious metals: ICM provides trading opportunities for precious metals, including gold and silver, which are traded as CFDs.
Stocks: ICM allows clients to trade stocks from some of the world's most popular stock exchanges, including the NYSE and NASDAQ.
Futures: ICM provides access to futures contracts from various markets, including indices, commodities, and currencies.
Securities: ICM offers trading in bonds, bills, and notes issued by governments and corporations.
Cryptocurrencies CFDs: ICM also offers trading in cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, as CFDs.
It's worth noting that the availability of trading instruments may vary depending on the jurisdiction of the client.
ICM offers two account types: ICM Direct (ECN) and ICM ZERO.
The ICM Direct (ECN) account has variable spreads starting from 1.2 pips and requires a minimum deposit of $200. It also offers a maximum leverage of 1:200.
The ICM ZERO account has spreads starting from 0.0 pips with a commission of $7 per lot traded and requires a minimum deposit of $1,000. It also offers a maximum leverage of 1:200. Both accounts offer access to the MT4, MT5 and cTrader trading platforms.
ICM offers leverage up to 1:200 for forex trading. However, the maximum leverage available for other instruments such as indices, commodities, and cryptocurrencies may vary depending on the instrument and market conditions.
It is important to note that while leverage can increase potential profits, it also amplifies potential losses, and traders should use it with caution and employ appropriate risk management strategies.
ICM offers variable spreads, which means that the spread can fluctuate depending on market conditions. The spread for EUR/USD can start from as low as 1.2 pips on the ICM Direct account, while on the ICM ZERO account the spread can be as low as 0.0 pips, but with a commission of $7 per lot.
It's important to note that the spreads and commissions may vary depending on the account type, trading instrument, and market conditions. It's always recommended to check the latest information on the ICM website or trading platform.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commissions |
ICM | 1.2 pips | 0 ($7 per lot on ICM ZERO account) |
eToro | 1.0 pips | 0 |
IG | 0.75 pips | 0 |
XM | 0.9 pips | 0 |
Plus500 | 0.6 pips | 0 |
FXTM | 1.3 pips | 0 |
Note: Spreads and commissions are subject to change and may vary depending on the account type and trading platform used.
ICM offers MetaTrader4 (MT4), MetaTrader5 (MT5), and cTrader as trading platforms.
MetaTrader4 is a widely used platform among traders and offers a range of features such as automated trading and advanced charting tools.
MetaTrader5 is the successor to MT4 and includes additional features such as more advanced trading tools and indicators.
cTrader is a popular platform among ECN traders and offers advanced charting tools, level 2 pricing, and other advanced features.
Overall, ICM's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:
Broker | Trading Platforms |
ICM | MT4, MT5, cTrader |
eToro | eToro Platform |
IG | IG Platform |
XM | MT4, MT5 |
Plus500 | Plus500 Platform |
FXTM | MT4, MT5 |
ICM offers several deposit and withdrawal options for its clients.
Deposit methods include bank wire transfer, credit/debit card, Skrill, Neteller, FasaPay, and China Union Pay. Withdrawal methods include bank wire transfer, Skrill, Neteller, FasaPay, and China Union Pay.
ICM does not charge any deposit or withdrawal fees, but fees may be charged by the payment provider. Withdrawals are usually processed within 24 hours, but may take longer depending on the payment method.
The minimum deposit amount for ICM Direct account is $200 and for ICM Zero account is $1,000.
ICM | Most other | |
Minimum Deposit | $200 | $100 |
To withdraw funds from your ICM trading account, you need to follow these steps:
Step 1: Log in to your ICM client portal.
Step 2: Click on the “Withdrawal” button.
Step 3: Select the payment method you want to use.
Step 4: Enter the amount you want to withdraw and fill in any required details.
Step 5: Submit your withdrawal request.
ICM will then process your withdrawal request and send the funds to the payment method you selected. The processing time can vary depending on the payment method and your bank's processing times. It is recommended to check with your payment provider for more information.
ICM charges various fees that traders should be aware of. Apart from spreads and commissions, there are also some other fees that will be charged.
Inactivity fee: If an account is inactive for 180 days, ICM charges an inactivity fee of $50 per month.
Overnight swap fees: ICM charges overnight swap fees on positions held open overnight, which can be either positive or negative, depending on the trading instrument.
Conversion fees: If traders deposit or withdraw funds in a currency different from their account currency, ICM charges a conversion fee of 2%.
See the fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee | Inactivity Fee |
ICM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 180 days of inactivity |
eToro | Free | $5 | $10/month after 12 months of inactivity |
IG | Free for most methods, bank wire may incur a fee | $1.20 per withdrawal | £12/month after 24 months of inactivity |
XM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 90 days of inactivity |
Plus500 | Free | $1.3 - $39 depending on the withdrawal method used | $10/month after 3 months of inactivity |
FXTM | Free for most methods, bank wire may incur a fee | Free for most methods, bank wire may incur a fee | $5/month after 6 months of inactivity |
It is important to note that fees may vary depending on the account type, trading instrument, and market conditions. Traders should always check the latest fee schedule on ICM's website before trading.
ICM offers customer support 24/5 via live chat, phone, email, WhatsApp or send messages online to get in touch.
You can also follow some social networks such as LinkedIn, YouTube, Instagram, Facebook and Twitter.
Pros | Cons |
• 24/5 customer support via phone, email, and live chat | • No 24/7 customer support |
• Personal account managers for certain account types | • No in-person customer support |
• Multilingual customer support | • Limited educational resources on customer support page |
• Quick response times to customer inquiries |
Note: These pros and cons are subjective and may vary depending on the individual's experience with ICM's customer service.
Overall, ICM's customer service is considered reliable and responsive, with various options available for traders to seek assistance.
In conclusion, ICM is a regulated broker that offers a range of trading instruments and account types. The broker has a strong emphasis on customer protection and provides negative balance protection to its clients. Additionally, the broker offers a demo account for traders to practice their trading strategies before investing real money.
ICM offers two account types with different spreads and commissions, and clients can choose between MT4, MT5, and cTrader as their trading platforms. The broker offers multiple deposit and withdrawal options, and fees are relatively competitive compared to other brokers in the industry.
In terms of customer service, ICM has a knowledgeable support team that can be reached through email, phone, or live chat. However, the broker's educational resources could be more extensive to cater to novice traders.
Q 1: | Is ICM regulated? |
A 1: | Yes. It is regulated by FCA, FSA, ARIF, FSC, LabuanFSA, QFC and CABs. |
Q 2: | At ICM, are there any regional restrictions for traders? |
A 2: | Yes. ICM does not provide services to residents of the USA, North Korea and a few other countries. |
Q 3: | Does ICM offer industry-standard MT4 & MT5? |
A 3: | Yes. Both MT4 and MT5 are available. It also supports cTrader. |
Q 4: | What is the minimum deposit for ICM? |
A 4: | The minimum deposit requirement at ICM is $200. |
Q 5: | Is ICM a good broker for beginners? |
A 5: | Yes. ICM is a good choice for beginners because it is regulated well and offers various trading instruments with no minimum deposit requirement on the leading MT4 and MT5 platforms. |
Registered in | UK |
Regulated by | CYSEC, CNMV and FCA |
Year(s) of establishment | 10-15 years |
Trading instruments | Forex pairs, indices, commodities, stocks, ETFs |
Minimum Initial Deposit | $0 |
Maximum Leverage | 1:30 |
Minimum spread | 0.35 pips onwards |
Trading platform | x Station 5 and x Station Mobile trading platforms |
Deposit and withdrawal method | bank transfers, credit cards and Skrill |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.
Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.
The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.
A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.
Cons:
XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.
The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.
Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.
Customer support is not available 24/7 and is only offered in a limited number of languages.
Advantages | Disadvantages |
XTB offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.
XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Wide range of tradable assets | Limited selection of cryptocurrencies |
Opportunity to diversify | Some instruments may have low liquidity |
Access to multiple markets | Not all assets may be available in all regions |
XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.
Advantages | Disadvantages |
Zero commission | |
Competitive spreads starting from 0.25 pips | |
No hidden fees or additional charges |
XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.
Advantages | Disadvantages |
No commission | Only one account type |
Low spreads | Minimum deposit not revealed |
Wide range of trading instruments |
XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.
Advantages | Disadvantages |
Advanced charting tools | Limited platform options |
Customizable interface | Limited mobile app features |
Fast execution speed | No third-party platform support |
One-click trading |
X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.
You can watch their video tutorial about this platform on their official YouTube channel.
Advantages | Disadvantages |
Allows for greater market exposure with a smaller initial investment | High leverage can lead to substantial losses if not managed properly |
Provides potential for higher returns | Trading with high leverage increases the risk of margin calls |
Enables traders to diversify their portfolio | Not suitable for all types of traders, especially beginners |
Allows for more flexibility in trading strategies | May require higher margin requirements and affect trading profitability |
XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.
Advantages | Disadvantages |
Multiple deposit methods | High fee for withdrawals smaller than specified limit |
No fees for deposits | Limited number of withdrawal methods |
Fast deposit processing | Withdrawals may take up to 3 business days |
Secure transactions | Minimum deposit amount not disclosed |
No hidden charges |
XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.
Advantages | Disadvantages |
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more | Some resources may be basic and not useful for experienced traders |
Free to access | Limited interaction and personalization with educational resources |
Provides opportunities for traders to improve their trading skills and knowledge | No structured or formal education programs offered |
Regularly updated with the latest market news and analysis | No physical or in-person educational events or seminars offered |
Offers a demo account for traders to practice their skills and strategies before trading with real money |
XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.
Advantages | Disadvantages |
24/5 customer support | No 24/7 customer support |
Multiple contact options | |
Dedicated account opening line | No live chat support |
UK and Poland-based offices |
XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.
Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.
What are the trading instruments available at XTB?
Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.
What type of account is available at XTB?
Answer: XTB only offers a standard account with a minimum deposit not revealed.
What is the maximum leverage offered by XTB?
Answer: XTB offers a maximum leverage of up to 1:30.
What are the deposit and withdrawal methods available at XTB?
Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.
What are the fees associated with withdrawals at XTB?
Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.
What trading platforms are available at XTB?
Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.
What educational resources are available at XTB?
Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.
Is XTB regulated?
Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.
Does XTB offer a demo account?
Answer: Yes, XTB offers demo accounts.
Does XTB charges commission?
Answer: No, XTB provides a commission-free trading.
What is the minimum deposit for XTB?
Answer: XTB requires $250 for clients t trade with it.
What is the difference between a demo and a live trading account?
Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
What is the overall rating for XTB ?
Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive icm-capital and xtb are, we first considered common fees for standard accounts. On icm-capital, the average spread for the EUR/USD currency pair is -- pips, while on xtb the spread is from 0.35.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
icm-capital is regulated by FCA,LFSA,AMF. xtb is regulated by CYSEC,FCA,CNMV.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
icm-capital provides trading platform including ICM Zero,ICM Direct and trading variety including Forex, Metals, Futures , Shares, and Cash CFDs. xtb provides trading platform including STANDARD and trading variety including Forex, Commodities, Indices, Stock CFDs, ETF CFDs.