Context. High resolution X-ray spectroscopy has revealed soft X-rays from high density plasma in Classical T-Tauri stars (CTTSs), probably arising from the accretion shock region. However, the mass accretion rates derived from the X-ray observations are consistently lower than those derived from UV/optical/NIR studies. Aims. We aim to test the hypothesis that the high density soft X-ray emission is from accretion by analysing optical accretion tracers from an X-ray selected sample of CTTSs in a homogeneous manner. Methods. We analyse optical spectra of the X-ray selected sample of CTTSs and calculate the accretion rates based on measuring Hα, Hβ, Hγ, He ii 4686Å , He i 5016Å , He i 5876Å , O i 6300Å and He i 6678Å equivalent widths. In addition, we also calculate the accretion rates based on the full width at 10% maximum of the Hα line. The different optical tracers of accretion are compared and discussed. The derived accretion rates are then compared to the accretion rates derived from the X-ray spectroscopy. Results. We find that, for each CTTS in our sample, the different optical tracers predict mass accretion rates that agree within the errors, albeit with a spread of ≈ 1 order of magnitude. Typically, mass accretion rates derived from Hα and He i 5876Å are larger than those derived from Hβ, Hγ and O i. In addition, the Hα full width at 10%, whilst a good indicator of accretion, may not accurately measure the mass accretion rate. When comparisons of the optical mass accretion rates are made to the X-ray derived mass accretion rates, we find that: a) the latter are always lower (but by varying amounts); b) the latter range within a factor of ≈ 2 around 2 × 10 −10 M ⊙ yr −1 , despite the fact that the former span a range of ≈ 3 orders of magnitude. We suggest that the systematic underestimation of the X-ray derived mass accretion rates could depend on the density distribution inside the accretion streams, where the densest part of the stream is not visible in the X-ray band because of the absorption by the stellar atmosphere. We also suggest that a non-negligible optical depth of X-ray emission lines produced by post-shock accreting plasma may explain the almost constant mass accretion rates derived in X-rays if the effect is larger in stars with larger optical mass accretion rates.