Comparison of XM and IC Markets Trading Applications
Let's compare the mobile trading applications of XM and IC Markets。Which is better for trading??What are the advantages and disadvantages of each option?
Let's compare the mobile trading applications of XM and IC Markets。Which is better for trading??What are the advantages and disadvantages of each option?
XM & IC Markets is an online broker offering a range of Forex and CFDs products to trade in the financial markets。While the two are fairly well known in the industry, you might be wondering how they compare, they both offer mobile trading。
In general, XM trading apps offer an "order tracking" feature that allows users to view and learn from their entire trading history。At the same time, the IC Markets app provides access to financial news and reports so that users can expand their market knowledge and improve their skills.。
To further compare the two applications, here is a detailed table:
FEATURES | XM | IC Markets |
Android is available. | ✔️ | ✔️ |
iOS is available. | ✔️ | ✔️ |
⭐ App Rating (Google Play Store) | 4.0 / 5.0 from 18k + comments | 4.5 / 5.0 from 453 comments |
Number of downloads | > 5 million users | > 100,000 users |
4 ️ ️ MT4 account | ❌ | ❌ |
5 ️ ️ MT5 account | ✔️ | ✔️ |
️ cTrader account | ❌ | ✔️ |
Price Notice | ✔️ | ✔️ |
Chart drawing tools | ✔️ | ✔️ |
Chart type | Bar chart, line chart, candlestick chart | Bar chart, line chart, dot chart, area chart, candlestick chart |
Watch List | ✔️ | ✔️ |
Economic calendar | ✔️ | ✔️ |
Demo Account | ✔️ | ✔️ |
Minimum deposit | 5美元 | 200美元 |
Deposit and withdrawal methods | Bank Wire Transfer, Credit / Debit Card, Neteller, Skrill, UnionPay, WebMoney | Bank Wire Transfer, Credit / Debit Card, PayPal, Skrill, Neteller, UnionPay, BPay, FasaPay, Poli |
Available languages | Chinese, Ukrainian, Russian, Hindi, Indonesian, Turkish, Greek, German, Italian, Czech, Japanese, French, Polish, Thai, English, Portuguese, Spanish, Vietnamese, Arabic, Korean | English, Arabic, French, Thai, Indonesian, Malaysian, Chinese, Italian, Turkish, Russian, Swedish, Korean, Polish, Portuguese, Hungarian |
Read on for all the details and comparisons between the two。
Features and benefits of the XM trading application
XM is a broker that has been in business since 2009.。To provide a seamless trading experience for its clients, the broker offers a mobile trading app that facilitates trading anytime, anywhere。
The app is available for download on Apple users' App Store and Android users' Google Play Store。As of press time, the app has been downloaded 5 million times on the Play Store, with an average rating of 4 on more than 18,000 reviews..0 / 5.0。
After downloading the app, you can log in with your account credentials, or if you are a new user, you can register a new account through the app。You can also use the app to upload files and complete the verification process。But please note that currently the app only supports MT5 accounts。
On the XM app, you can trade a variety of instruments including Forex, Equity CFDs, Stock Index CFDs, Precious Metals CFDs and Energy CFDs。You can open positions at any time and execute stop loss, take profit, trailing stop and other orders.。
It also offers a demo account that allows you to trade risk-free using virtual currencies。Best of all, the app also allows you to check previous orders to track your performance and learn from past mistakes。
Here are some of the features available in the XM mobile app:
- Account registration and verification functions。
User-friendly console with access to all available functions。
Deposits, withdrawals and transfers of funds to other accounts。
Charts and orders for various types of transactions。
Market analysis, resource aggregation, in-depth analysis。
Track past orders and policies。
Live interactive charts with zoom and scroll options。
Three chart views: bar chart, line chart, and candlestick chart。
Features and benefits of the IC Markets trading application
IC Markets is a reputable broker founded in 2007。In addition to desktop and web trading platforms, the broker offers a mobile trading app that allows traders to trade anywhere, anytime using their mobile phones.。
The app is available on Android and iOS。As of press time, the app has been downloaded more than 100,000 times on the Play Store, with an average rating of 4 out of 453 reviews..5 / 5.0。
Through this application, you can enter various market instruments and trade various instruments with low spreads。Some of the instruments available include forex, commodity CFDs, stocks, futures, bonds, indices and cryptocurrencies。
There are also plenty of chart options and technical indicators that you can use to improve your trading。It is worth noting that you can log in to the app using your MT5 or cTrader account。
In addition to buying and selling CFDs, you can also view economic events in the economic calendar and enhance your knowledge by reading news and articles on the app
You can even set a price notification, when the price changes and moves in a certain direction, the system will notify you。Best of all, you can organize different symbols on the app and create customized watchlists according to your needs。
Here are the features offered by the IC Markets trading application:
- Account registration and verification functions。
Deposits, withdrawals and transfers of funds to other accounts。
Economic calendar showing future events。
Switch accounts and manage all accounts in one app。
Trade statistics for detailed analysis of your past trades and strategies。
Get price alert notifications anytime, anywhere。
Advanced Technical Analysis Tools。
Five chart views: bar chart, line chart, dot chart, area chart, and candlestick chart。
Four types of charts: standard time frames, tick marks, brick plots, and ranges。
Conclusion
Both XM and IC Markets offer attractive trading applications with a variety of useful features。These apps are completely free to download and do not require additional subscription fees for the next few months。Before coming to a better conclusion, you should first look at the advantages and disadvantages of each option。
First, the XM mobile app has the advantage of easy account opening and lower fees。In addition, the application is also very convenient to use and provides high-quality customer support services 24 hours a day, 5 days a week。However, the app offers only a limited portfolio of products and features compared to IC Markets。
On the other hand, the IC Markets trading application has a wide range of products to choose from, a user-friendly interface and an excellent level of customization。The application also provides multiple types of charts and real-time quotes for various tools。The only downside is that there is no multi-factor authentication and no Touch ID and Face ID for login。
Taking all of the above into account, we found that both applications are great, but IC Markets provides slightly higher value in terms of mobile trading applications。The application is not only easy to use, but also has some tools and trading tools that you can use to improve your trading。Thanks to its high customization and options, it can also be used by beginners and professional traders。
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