XM vs IC Markets, 2026 Update

Compare XM vs IC Markets

All online trading platforms will have certain pros and cons, so a complete XM and IC Markets review would not be regarded as thorough without adopting an objective perspective.

Assess IC Markets and XM to understand just how they stack up to one another before you choose to make an account. A comparative analysis helps to place factors in perspective in order that you're cognizant of what to expect.

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

This XM vs IC Markets comparison contains the latest information so you can easily compare IC Markets against XM.

If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You will acquire proficient at all the concepts of brokerage as you continue trading. For starters, you have to select the right agent who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. XM and IC Markets are two such trading platforms which will take you along with your investment to great heights. It is crucial that you compare XM vs IC Markets before you trust them with your money.

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

Our full XM vs IC Markets Review covers all you will need to know about trading using either XM or IC Markets. A good broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investing goals.

There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.

XM and IC Markets are both brokers which have found their way successfully to the brokerage world. Within this review, we've attempted to collate some of the important aspects of both XM and IC Markets. This review can help you to understand whether either IC Markets or XM is a good fit for your investments or not. We've tried to breakdown all of the features and charges for your convenience.

Benefits of XM and IC Markets Compared

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

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

XM allows you to trade around 100 financial instruments whilst IC Markets allows you to trade around 100 on their platform.

The more financial instruments you can trade on the XM and IC Markets 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 XM or IC Markets.

XM and IC Markets Contact Details

Being able to contact a broker through many ways is vital. XM and IC Markets have the following contact details and social medias that you can use.

IC Markets and XM 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 XM and IC Markets will examine whether their mobile app meets all our requirements.

Overall, we rate the user-friendliness of the apps as Better than the 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?

XM vs IC Markets - Awards

XM vs IC Markets - Frequently Asked Questions

XM vs IC Markets - Headquarters And Year Of Founding

XM was founded in 2009 and has its headquaters in Cyprus.

IC Markets was founded in 2007 and has its headquaters in Australia.

What is the minimum deposit for IC Markets or XM

The minimum deposit for XM is $5.

The minimum deposit for IC Markets is $200.

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 XM and IC Markets are a good choice.

XM vs IC Markets - Regulation And Licencing In More Detail

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

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

Both XM and IC Markets have a strong set of rules for ensuring fair trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Compare XM vs IC Markets Commission And Fees

XM and IC Markets are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have.

But this doesn't 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 mainly 3 different types of penalties for this objective.

The first kind of fees to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those that are billed when you maintain a leveraged position for longer than a day.

Aside from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake on your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.

In general, neither XM or IC Markets charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly trade, for example weekly or daily trading.

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

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

Compare Broker Fees For XM And IC Markets

What Languages Do XM And IC Markets Support?

Being able to chat easily with your online broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading online.

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

How Many Clients Do XM and IC Markets Have?

Both XM and IC Markets are well known and trusted. It is important to work with an online broker that is reputable 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 XM and IC Markets have

What Payment Methods Do XM and IC Markets Accept?

XM and IC Markets 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 XM and IC Markets

What Can You Trade With XM and IC Markets?

XM offers 100 trading instruments whilst IC Markets offers 232.

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