XM vs IC Markets

XM vs IC Markets Comparison Table 2024
XM	IC Markets
Review 4.4	Review 4.8

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.	IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
Customer Reviews
4.3 Based on 4 XM customer reviews	4 Based on 2 IC Markets customer reviews
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account
Comment by Reviewer
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."	"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."
Pros
XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins The broker offers premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools XM is a hugely respected broker authorized by tier-one regulators	IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders. As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally. With ultra-fast execution speeds averaging 35 milliseconds and deep liquidity, IC Markets provides an optimal trading environment for scalpers, hedgers, and algorithmic traders. IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues. You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
Cons
There is weak regulatory oversight through the global entity There's $5 inactivity fee after only 3 months, though this won't affect active traders PayPal deposits are not supported	While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes. The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners. There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals. Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind. Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards	Best MT4/MT5 Broker 2023 - DayTrading.com Best Forex Broker 2022 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Trading App 2020 - DayTrading.com
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$5	$200
Trading Platforms
MT4 MT5	MT4 MT5 cTrader TradingView TradingCentral DupliTrade
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet M-Pesa Neteller Perfect Money Skrill TransferWise Visa Wire Transfer	BPAY Credit Card Klarna Mastercard Neteller PayPal POLi Rapid Transfer SafeCharge Skrill Swift UnionPay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, CySEC, DFSA, FSC, FSCA	ASIC, CySEC, FSA
Margin Trading
Yes	Yes
Margin Rate
0.2%
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS & Android
App Review
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.	IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.
Android App Rating
3.9	4.2
iOS App Rating
4.7	3.1
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade
Copy Trading
Yes	Yes
Copy Trading Platform
XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.	Launched in February 2023, the IC Social app offers an intuitive way to learn, share, and mirror the positions of other traders with just a few clicks. Additionally, the app features risk management tools and supports dedicated trading groups. Alternatively, IC Markets grants access to Signal Start, along with well-known third-party copy trading platforms including ZuluTrade and cTrader Copy.
Social Trading
Yes	Yes
Trade Signals
Yes	Signal Start
VPS Hosting
Yes	Yes
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Nasdaq New York Stock Exchange Russell 2000 S&P 500
Commodities
Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat	Cocoa Coffee Corn Gold Natural Gas Oil Orange Juice Silver Soybeans Sugar Wheat
CFD Trading
Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.	You gain access to over 2,250 CFDs, available for trading 24/5 across popular markets such as forex, commodities, indices, stocks, and bonds. Utilizing deep liquidity and advanced bridge technology, IC Markets ensures optimal conditions for scalpers, hedgers, and algo traders alike.
Leverage
	1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global)
FTSE Spread
1.5 pts	1.0
GBPUSD Spread
1.9	0.23
Oil Spread
0.03	0.03
Stocks Spread
0.002	0.02
Forex Trading
XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.	IC Markets maintains its commitment to providing exceptionally tight 0.0-pip forex spreads on major currency pairs such as EUR/USD. This makes it an excellent option if you are seeking superior execution, with an average of 35 milliseconds. Additionally, if you are a high-volume trader, you can benefit from rebates of up to $2.50 per forex lot.
Forex App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.	IC Markets deliver mobile apps for both their cTrader and MT5 platforms. Both have been developed on android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. The speed of execution synonymous with IC Markets is retained across their apps.
GBPUSD Spread
1.9	0.23
EURUSD Spread
1.6	0.02
EURGBP Spread
1.8	0.27
Assets
55+	75
Currency Indices
USD
Cryptocurrency
XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.	IC Markets offers 20+ cryptocurrencies which are tradable via CFDs, including lesser-known tokens such as Avalanche, Kusama and Uniswap. Commission-free trading is available, and experienced crypto traders can access high leverage up to 1:200 in the MetaTrader platforms.
Spread
Variable	BTC 42.036
Coins
BTC ETH LTC XRP BCH	BTC BCH DOT DSH EMC EOS ETH LNK LTC NMC PPC XLM XRP ADA BNB DOG UNI XTZ
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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