Comparison of IC Markets and xChief
| Feature | IC Markets | xChief |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2014 |
| Broker Type | ECN, DMA | STP, ECN |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA, ASIC, CySEC, CMA | MISA, ASIC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $200 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Transfer, SEPA, Credit/Debit Card, Cryptocurrencies (BTC, ETH, LTC, BCH, DOGE, USDT, USDC, DAI), Skrill, Neteller, Volet, FasaPay, WebMoney, Perfect Money |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Forex, Metals, Energies, Indices, Stocks, Cryptocurrencies, CFDs |
| Review | IC Markets Review | xChief Review |
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
About xChief
xChief is an international multi-asset broker established in 2014 (formerly ForexChief). Regulated by MISA (Comoros) and ASIC (Australia), it offers MetaTrader 4/5, a mobile app, spreads from 0 pips, leverage up to 1:1000, cent accounts, PAMM/MAM, copy trading, a $100 no-deposit bonus and a welcome bonus up to $500.
Pros
- Low minimum deposit
- Tight spreads
- High leverage
- MT4/MT5 support and copy trading
- Up to $600 in combined bonuses
Cons
- Limited educational resources
- Customer support can be slow
- Bonus terms require high turnover
IC Markets & xChief Regulation
| Feature | IC Markets | xChief |
|---|---|---|
Companies | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited | xChief Ltd, xChief Pty Ltd |
Countries | Seychelles, Australia, Cyprus, Kenya | Comoros, Australia |
Regulators | SFSA, ASIC, CySEC, CMA | MISA, ASIC |
Investor Protection | Investor Compensation Fund (ICF) | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
IC Markets
Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited
xChief
xChief Ltd, xChief Pty Ltd
Countries
IC Markets
Seychelles, Australia, Cyprus, Kenya
xChief
Comoros, Australia
Regulators
IC Markets
SFSA, ASIC, CySEC, CMA
xChief
MISA, ASIC
Investor Protection
IC Markets
Investor Compensation Fund (ICF)
xChief
-
Investor Protection Size
IC Markets
€20 000
xChief
-
Publicly Traded
IC Markets
xChief
Segregated Accounts
IC Markets
xChief
Guaranteed Stop Loss
IC Markets
xChief
Negative Balance Protection
IC Markets
xChief
Account Types
| Account | IC Markets | xChief |
|---|---|---|
STP Account | ||
| Account Name | — | Classic+ |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 30% |
| Margin Call | — | 50% |
ECN Account | ||
| Account Name | Standard | DirectFX |
| Min Deposit | $200 | $50 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.6 | 0.3 |
| Fee | No | $5 per 1 lot |
| Max Leverage | 1:500 | 1:1000 |
| Stop Out | 50% | 30% |
| Margin Call | 100% | 50% |
Zero Account | ||
| Account Name | Raw Spread | xPRIME |
| Min Deposit | $200 | $2000 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $7 per 1 lot | $6 per 1 lot |
| Max Leverage | 1:500 | 1:1000 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
Cent Account | ||
| Account Name | — | CENT |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.9 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 30% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
IC Markets
—
xChief
Classic+
Min Deposit
IC Markets
—
xChief
$10
Lot Size
IC Markets
—
xChief
0.01
Spread Type
IC Markets
—
xChief
Floating
Execution
IC Markets
—
xChief
Market
Min Spread
IC Markets
—
xChief
0.6
Fee
IC Markets
—
xChief
No
Max Leverage
IC Markets
—
xChief
1:1000
Stop Out
IC Markets
—
xChief
30%
Margin Call
IC Markets
—
xChief
50%
ECN Account
Account Name
IC Markets
Standard
xChief
DirectFX
Min Deposit
IC Markets
$200
xChief
$50
Lot Size
IC Markets
0.01
xChief
0.01
Spread Type
IC Markets
Floating
xChief
Floating
Execution
IC Markets
Market
xChief
Market
Min Spread
IC Markets
0.6
xChief
0.3
Fee
IC Markets
No
xChief
$5 per 1 lot
Max Leverage
IC Markets
1:500
xChief
1:1000
Stop Out
IC Markets
50%
xChief
30%
Margin Call
IC Markets
100%
xChief
50%
Zero Account
Account Name
IC Markets
Raw Spread
xChief
xPRIME
Min Deposit
IC Markets
$200
xChief
$2000
Lot Size
IC Markets
0.01
xChief
0.01
Spread Type
IC Markets
Floating
xChief
Floating
Execution
IC Markets
Market
xChief
Market
Min Spread
IC Markets
0
xChief
0
Fee
IC Markets
$7 per 1 lot
xChief
$6 per 1 lot
Max Leverage
IC Markets
1:500
xChief
1:1000
Stop Out
IC Markets
50%
xChief
50%
Margin Call
IC Markets
100%
xChief
100%
Cent Account
Account Name
IC Markets
—
xChief
CENT
Min Deposit
IC Markets
—
xChief
$1
Lot Size
IC Markets
—
xChief
0.01
Spread Type
IC Markets
—
xChief
Floating
Execution
IC Markets
—
xChief
Market
Min Spread
IC Markets
—
xChief
0.9
Fee
IC Markets
—
xChief
No
Max Leverage
IC Markets
—
xChief
1:500
Stop Out
IC Markets
—
xChief
30%
Margin Call
IC Markets
—
xChief
50%
Additional Features
Demo Account
IC Markets
xChief
VIP Account
IC Markets
xChief
Swap-Free Account
IC Markets
xChief
Copy Trading
IC Markets
xChief
VPS
IC Markets
xChief
PAMM/MAM Accounts
IC Markets
xChief
Funding and Fees
| Feature | IC Markets | xChief |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Transfer, SEPA, Credit/Debit Card, Cryptocurrencies (BTC, ETH, LTC, BCH, DOGE, USDT, USDC, DAI), Skrill, Neteller, Volet, FasaPay, WebMoney, Perfect Money |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Base currencies
IC Markets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD
xChief
USD, EUR, GBP
Deposit and withdrawal methods
IC Markets
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay
xChief
Bank Transfer, SEPA, Credit/Debit Card, Cryptocurrencies (BTC, ETH, LTC, BCH, DOGE, USDT, USDC, DAI), Skrill, Neteller, Volet, FasaPay, WebMoney, Perfect Money
Inactivity fee
IC Markets
xChief
Interest on margin
IC Markets
xChief
Withdrawal fee
IC Markets
xChief
Trading Platforms and Conditions
| Feature | IC Markets | xChief |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 40 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
IC Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
xChief
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
IC Markets
40 ms
xChief
10 ms
Scalping
IC Markets
xChief
Expert Advisors (EAs)
IC Markets
xChief
Depth of Market (DOM)
IC Markets
xChief
Spread
IC Markets
low
xChief
low
Trading Assets
| Asset | IC Markets | xChief |
|---|---|---|
Currencies | 61 | 39 |
Indices | 25 | 10 |
Stocks | 2175 | 100 |
Cryptocurrencies | 21 | 5 |
Bonds | 10 | 0 |
Metals | 7 | 2 |
Energies | 5 | 3 |
Soft Commodities | 8 | 0 |
ETFs | 38 | 0 |
Currencies
IC Markets
61
xChief
39
Indices
IC Markets
25
xChief
10
Stocks
IC Markets
2175
xChief
100
Cryptocurrencies
IC Markets
21
xChief
5
Bonds
IC Markets
10
xChief
0
Metals
IC Markets
7
xChief
2
Energies
IC Markets
5
xChief
3
Soft Commodities
IC Markets
8
xChief
0
ETFs
IC Markets
38
xChief
0
Education and Analytics
| Feature | IC Markets | xChief |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
IC Markets
xChief
Indicators
IC Markets
xChief
Robots
IC Markets
xChief
Signals
IC Markets
xChief
Autochartist
IC Markets
xChief
Expert Analytics
IC Markets
xChief
News Feed
IC Markets
xChief
Education Articles
IC Markets
xChief
Webinars
IC Markets
xChief
Seminars
IC Markets
xChief
Bonuses
| Bonus | IC Markets | xChief |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $500 |
| Details | — | Learn More |
| No Deposit Bonus | ||
| Is available | ||
| Size | — | $100 |
| Details | — | Learn More |
Welcome Bonus
Is available
IC Markets
xChief
Size
IC Markets
—
xChief
100%, up to $500
Details
IC Markets
—
xChief
No Deposit Bonus
Is available
IC Markets
xChief
Size
IC Markets
—
xChief
$100
Details
IC Markets
—
xChief
Contests
| Feature | IC Markets | xChief |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
Demo Contests
Is available
IC Markets
xChief
Contests List
IC Markets
—
xChief
- Gold WhaleStart Balance: $100 · Prize Pool: $5000 · Period: MonthlyLearn More
Customer Support
| Contact | IC Markets | xChief |
|---|---|---|
Email | support@icmarkets.com | support@xchief.com |
Phone | +2484671976 | +6180936512 |
Facebook | — | |
LinkedIn | — | |
Instagram | — | |
Twitter | — |
Email
IC Markets
xChief
Phone
IC Markets
xChief
Facebook
IC Markets
xChief
—
LinkedIn
IC Markets
xChief
—
Instagram
IC Markets
xChief
—
Twitter
IC Markets
xChief
—
Which Broker is Better?
After comparing IC Markets and xChief, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.