IC Markets vs XM, for 2026

Compare IC Markets vs XM

Each trading platforms will have a few ups and downs, so a complete review of IC Markets and XM would not be regarded as thorough without having a fair assessment.

Assess IC Markets and XM to understand the way they compare against each other before you decide to make an account. Conducting a comprehensive comparison can bring aspects in perspective so that you're informed about what to expect.

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 brokers, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough knowledge. You will get proficient at all the concepts of brokerage since you keep trading. For starters, you need to select the ideal agent who will be clear with you always.

In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. IC Markets and XM are two such stages which will take you and 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 entire IC Markets vs XM Review covers all you will need to learn about trading with either IC Markets or XM. A good broker can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.

There is no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you choose them. It's a common misconception that all agents are the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.

IC Markets and XM are both brokers which have found their way successfully to the brokerage world. Within this review, we've tried to collate some of the important aspects of both IC Markets and XM. This review can allow you to understand whether either XM or IC Markets is a fantastic match for your investments or not. We've attempted to breakdown all the features and fees 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 has around 232 financial instruments while XM allows you to trade around 232 on their platform.

The more financial 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 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 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

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver 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.

Overall, we rate the user-friendliness of the apps as better than average.

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

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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

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 current situation, 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 strong set of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

In accordance with their own privacy policies, customer information 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 broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily influenced by the number of clients they have.

But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this objective.

The first kind of fees to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for more than daily.

Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for surgeries 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 brokerage fee, or they charge a smaller amount. This is beneficial for people who often exchange, such as weekly or daily trading.

However, non-trading fees billed by IC Markets and XM are relatively lower. Consequently, you are billed more for non-trading actions in your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.

This IC Markets vs XM review for 2026 breaks down each of the relevant 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 easily with your online platform is a key element when comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their website 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 client base. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.

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.