Broker Comparison

Ic Markets vs XS: Which Is Better?

A quick comparison between Ic Markets and XS across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
Ic Markets

Best overall based on rating, usability, fees, and account access.

Overall
Ic Markets
Beginners
Tie
Spreads
Ic Markets
Best Overall

Ic Markets

Low spreads

4.5out of 5
Ic Markets
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView

XS

Low spreads

4.3out of 5
XS
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5
Final Verdict

Which broker is better: Ic Markets or XS?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
Ic Markets

Best balance between rating, fees, trust, and usability.

Beginners
Close
Spreads
Ic Markets
Deposit
Close
Quick Summary

If you want the stronger overall choice, Ic Markets looks more suitable here. For beginners, the closer choice is both brokers. For lower spreads and active trading, Ic Markets looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between Ic Markets and XS

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: Ic MarketsBeginners: Very Close

Safety & Trust

Reflects regulation strength and client fund protection.

Close
Ic Markets4.5 / 5
XS4.5 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Better: Ic Markets
Ic Markets4.8 / 5
XS4.2 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
Ic Markets4.7 / 5
XS4.4 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Small Edge
Ic Markets4.3 / 5
XS4.0 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
Ic Markets4.4 / 5
XS4.3 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between Ic Markets and XS.

Quick Summary
Ic Markets

Ic Markets looks stronger in terms of cost or spreads.

Ic Markets Accounts
5
XS Accounts
5
Beginners
Very Close
Factor
Ic Markets
XS
Main Account
Standard
Standard
Min Deposit
$200
No minimum deposit
Spread
0.8 - 1.0
1.1 – 1.8
Commission
$0
$0
Execution
Market Execution
Market Execution

Ic Markets Accounts

5 available accounts

Standard
Spread
0.8 - 1.0
Commission
$0
Deposit
$200
Execution
Market Execution
Raw Pro+
Spread
0.0 - 0.1
Commission
$1 per lot
Deposit
$200
Execution
Market Execution
Raw Pro
Spread
0.0 - 0.1
Commission
$1.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread
Spread
0.0 - 0.3
Commission
$3.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread (cTrader)
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$200
Execution
Market Execution

XS Accounts

5 available accounts

Standard
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Micro
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Cent
Spread
1.1 – 1.8
Commission
$0
Deposit
No minimum deposit
Execution
Market Execution
Pro
Spread
0.6 – 1.0
Commission
$0
Deposit
$500
Execution
Market Execution
Elite
Spread
0.0 – 0.2
Commission
$6 per lot
Deposit
$500
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
Ic Markets

The strongest overall choice based on this comparison.

Beginners
Both Suitable
Costs
Ic Markets
Short Decision

Choose Ic Markets if you want the strongest overall option. For an easier start, the closer choice is both brokers.

FAQs

Questions About Ic Markets and XS

Key questions before opening an account.

Ic Markets
XS

What are the typical spreads on IC Markets accounts like Standard and Raw?

On IC Markets, Standard accounts usually have spreads starting from around 0.8 to 1.0 pips, while Raw Spread accounts offer spreads from 0.0 pips with a commission, making them more suitable for active trading strategies.

How much commission does IC Markets charge on Raw accounts?

IC Markets charges around $3.5 per lot on MetaTrader Raw Spread accounts, while cTrader accounts typically have a lower commission of about $3 per 100k traded.

What is the minimum deposit required to open an IC Markets account?

The minimum deposit on IC Markets is generally $200 across most account types, which is higher than some brokers and may not be ideal for traders starting with small capital.

What account types does XS offer and which one is best?

XS offers multiple account types including Standard, Cent, Micro, Pro, Elite, and VIP. Beginners usually start with Standard or Cent accounts, while experienced traders prefer Elite or Pro accounts for lower spreads.

Is XS a legit broker or should traders be cautious?

XS operates under multiple regulatory licenses such as ASIC and CySEC, but not all entities are considered top-tier. Traders should always check the specific regulatory entity before opening an account.

Does XS really allow trading with no minimum deposit?

Yes, XS offers accounts like Standard, Micro, and Cent with no minimum deposit requirement, allowing traders to start with very small amounts.

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