IC Markets vs XM, 2026 Update

Compare IC Markets vs XM

Each platforms for online trading has some advantages and disadvantages, and a complete review of IC Markets and XM would not be regarded as thorough without embracing a fair assessment.

Assess IC Markets and XM in order to understand just how these platforms stack up against each other prior to you decide to open an account. Performing a comparative analysis will bring aspects into perspective to ensure that you remain aware of the expectations.

So you are looking for a broker and are choosing between IC Markets or XM. Who should you choose?

This 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 brokerages, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to select the right agent who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. IC Markets and XM are two such companies which will take you and your investment into great heights. It's crucial that you compare IC Markets vs XM until you trust them with your money.

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 all you will need to learn about trading using either IC Markets or XM. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing goals.

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

IC Markets and XM are both brokers that have paved their way successfully into the broker world. Within this review, we've tried to collate some 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 features and charges for your convenience.

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 instruments you can trade on the IC Markets and XM 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 never 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 a broker easily is vital. 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.

This part of comparing IC Markets and XM will examine whether their mobile app meets all our requirements.

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

It is important that any trading app has user friendly capabilities especially with the

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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 headquaters in Australia.

XM was founded in 2009 and has its headquaters 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 option.

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 individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their privacy regulations, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare IC Markets vs XM Commission And Fees

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

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this objective.

The first sort of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you're spending a spread, financing rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those that are billed when you maintain a leveraged position for more than a day.

Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your accounts. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.

Generally, neither IC Markets or XM charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.

But, non-trading fees billed by IC Markets and XM are comparatively higher. As a result, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.

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

Compare Broker Fees For IC Markets And XM

What Languages Do IC Markets And XM Support?

Being able to chat easily with your online broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading forex.

Below you will 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 important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many users IC Markets and XM are active on their platform

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 while XM offers 100.

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