Overall Ratings
Company Info
Leverage
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Brand Power
Deposit and Withdrawal
Costs and Fees
Account Types
Commodities
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Platforms
Mobile Trading
Available Markets
Trading Execution
Risk Management
Special Trading Conditions
Available Trading Techniques
Trading Tools
Education
Customer Support
Research
IG Markets vs XTB: A Comparison Summary
When it comes to trading, choosing the right broker can make a big difference. In this comparison summary, we’ll take a look at two popular brokers: IG Markets and XTB. We’ll examine various aspects of their services, including security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, and customer care.
Security:
IG Markets has a higher security rating of 98 compared to XTB’s rating of 95. IG Markets is also regulated by more authorities, including the NFA in the US, making it available to US traders.
Demo Accounts:
IG Markets offers an unlimited demo account with virtual funds of $30,000, which can be restored by contacting customer support. XTB offers a demo account with a duration of 30 days and virtual funds of $100,000, which can also be restored by contacting customer support.
Account Opening:
IG Markets has a higher minimum deposit requirement of $300 for most countries, while XTB has no minimum deposit requirement. Both brokers offer a range of account types suitable for different types of traders, including Islamic accounts and professional accounts.
Social-Copy Trading:
Neither IG Markets nor XTB offers social or copy trading features.
Markets:
IG Markets offers a wider range of markets, with 90 forex pairs, 35 commodities, 80+ indices, 12 crypto assets, 16,000+ stocks, 5,400+ ETFs, and 30+ futures and options. XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 crypto assets, 5,000+ stocks, and 500+ ETFs. Both brokers offer shares and ETFs as CFDs and real assets. However, XTB is more suited to short-term investments, as every asset is offered as a CFD, while IG Markets is suitable for both short and long-term investments.
Trading Fees:
Both brokers offer variable spreads, but XTB has lower spreads, starting from 0.3 pips on forex, compared to IG Markets’ starting spread of 0.6 pips. XTB also offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum).
Platforms:
IG Markets offers a range of platforms, including a proprietary platform available via web and desktop, L2 Dealer for stockbroking, ProRealTime for advanced chart analysis, and MetaTrader 4 (MT4) available via WebTrader, desktop, and mobile. XTB offers the xStation proprietary platform, available via web and mobile devices, which is user-friendly and intuitive.
Education/Customer Care:
Both brokers offer extensive education materials, including FAQs, blog articles, ebooks, trading videos, and seminars. IG Markets also offers a dedicated Academy App. Both brokers offer easy-to-contact customer care via phone, email, and live chat, with over 13 available languages at IG Markets.
Conclusion
IG Markets and XTB are both well-regulated brokers with different strengths. IG Markets offers a wider range of markets and platforms, making it suitable for both short and long-term investments, while XTB offers lower spreads and no minimum deposit requirement, making it more suitable for short-term investments. Both brokers offer extensive education materials and easy-to-contact customer care. Ultimately, the choice between these brokers depends on individual preferences and trading styles.