IC Markets vs XM, Who's Better?

Compare IC Markets vs XM

Each trading platforms will have certain pros and cons, and any comprehensive IC Markets and XM review would not be complete without adopting a fair assessment.

Compare XM and IC Markets in order to understand just how these platforms compare with one another prior to you choose to open an account. Performing a side-by-side comparison helps to place factors into perspective to ensure that you're informed about what you should anticipate.

So you are looking for a professional broker and are choosing between IC Markets or XM. Which one is best in 2026?

Our IC Markets vs XM comparison contains the most recent information so you can easily compare XM against IC Markets.

If you are a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage since you continue trading. For starters, you need to select the right agent who'll be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and XM are two such companies that will take you along with your investment into great heights. It's important that you compare IC Markets vs XM before you trust them with your cash.

Our IC Markets vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and XM side by side.

Our full IC Markets vs XM Review covers everything you will need to know about trading using either IC Markets or XM. A good agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing goals.

There is no sure-fire method to ensure profits; therefore, you should carefully analyze your agent before you select them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.

IC Markets and XM are both brokers that have paved their way successfully to the brokerage world. Within this review, we have tried to collate a number of the vital facets of both IC Markets and XM. This review will allow you to understand whether either XM or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all of the qualities and charges for your advantage.

Benefits of IC Markets and XM Compared

IC Markets has a minimum deposit of $200 while XM offers a $5 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and XM compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

IC Markets allows you to trade around 232 financial instruments while XM has around 232 financial instruments on their platform.

The more financial instruments you can trade on the IC Markets and XM trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of IC Markets or XM.

IC Markets and XM Contact Details

Being able to contact an online trading platform through many ways is a sign of a professional broker. IC Markets and XM have the following contact details and social medias that you can use.

XM and IC Markets Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

In this part of our comparison of IC Markets and XM we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of the apps as better than average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

IC Markets vs XM - Awards

IC Markets vs XM - Frequently Asked Questions

IC Markets vs XM - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its head office in Australia.

XM was founded in 2009 and has its head office in Cyprus.

What is the minimum deposit for XM or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for XM is $5.

Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and XM are a good choice.

IC Markets vs XM - Regulation And Licencing In More Detail

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

Both IC Markets and XM have a powerful collection of rules for ensuring honest trading on their platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).

As per their own privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs XM Commission And Fees

IC Markets and XM are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three types of fees for this purpose.

The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for longer than daily.

Aside from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.

In general, neither IC Markets or XM charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who regularly trade, for example weekly or daily trading.

However, non-trading fees charged by IC Markets and XM are relatively lower. As a result, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the sale and purchase of resources.

This IC Markets vs XM review for 2026 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For IC Markets And XM

What Languages Do IC Markets And XM Support?

Being able to talk completely with your online platform is a key part of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.

Here you can find the languages that both IC Markets and XM offer communication in.

How Many Clients Do IC Markets and XM Have?

Both IC Markets and XM are well established with their customer base. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many customers IC Markets and XM have

What Payment Methods Do IC Markets and XM Accept?

IC Markets and XM both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at IC Markets and XM

What Can You Trade With IC Markets and XM?

IC Markets offers 232 trading instruments whilst XM offers 100.

Below you will find a full breakdown of what both IC Markets and XM offer.