XM vs ICM Brokers
XM Review 2023 | ICM Brokers Review 2023 |
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4.4
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1.5
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XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms. |
ICM Brokers is a Vanuatu-based broker offering a range of markets including CFDs, forex, futures, and options. The broker does not hold any top-tier licenses and there is limited company information available online. |
Bonus Offer | |
$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service | |
Promotions | |
Improve The Speed & Reliability Of Your Trades With The XM VPS |
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Comment by Reviewer | |
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education." | "ICM Brokers could serve traders that are looking for fixed spreads, high leverage and willing to pay the $250 minimum deposit." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto | Forex, equity CFDs, precious metals, energies, futures |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$5 | $250 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
ASIC, CySEC, DFSA, FSC | VFSC |
Margin Trading | |
Yes | No |
Margin Rate | |
0.2% | |
STP Account | |
No | No |
ECN Account | |
Yes | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS, Android & Windows | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Yes |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
Yes | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$15 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading. | CFDs are available to trade on the powerful MT4 platform with a free demo account to test out strategies. With that said, the demo is only available for 20 days, which is disappointing. |
Leverage | |
1:1000 | 1:400 (Retail), 1:100 (Pro) |
FTSE Spread | |
1.5 pts (var) | 3.5 |
GBPUSD Spread | |
1.9 (var) | 3 |
Oil Spread | |
0.03 (var) | Floating |
Stocks Spread | |
0.002 (var) | Variable |
Forex Trading | |
XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors. | Trade a small range of currency pairs with fixed spreads and high leverage up to 1:400. On the downside, fees are not the most competitive vs other brokers. |
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. |
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GBPUSD Spread | |
1.9 | 3 |
EURUSD Spread | |
1.6 | 2 |
EURGBP Spread | |
1.8 | 3 |
Assets | |
55+ | 20+ |
Currency Indices | |
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Cryptocurrency | |
XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin. | Crypto trading not offered |
Spread | |
Variable | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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More Comparisons | |
XM vs |
ICM Brokers vs |