XM vs IC Markets, Who's Better?

Compare XM vs IC Markets

All trading platforms has certain advantages and disadvantages, so a complete XM and IC Markets review should not be complete without embracing a balanced approach.

Assess XM and IC Markets in order to understand the way they compare with one another prior to you choose to create an account. Performing a comparative analysis will put things into perspective to ensure that you remain cognizant of what to expect.

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

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

If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get proficient at all the concepts of broker as you keep trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.

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

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 entire XM vs IC Markets Review covers everything you need to learn about trading with either XM or IC Markets. A fantastic agent can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.

There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your broker before you select them. It is a frequent misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can set 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 will help you to understand whether either IC Markets or XM is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your convenience.

Benefits of XM and IC Markets Compared

XM has a minimum deposit of $5 while IC Markets has 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 has around 100 financial instruments while IC Markets has around 100 on their platform.

The more financial instruments you can trade on the XM and IC Markets 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 should 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 an online trading platform simply is important. XM and IC Markets have the following contact details and social medias that you can use.

IC Markets and XM 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 XM and IC Markets 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 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. 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?

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 head office in Cyprus.

IC Markets was founded in 2007 and has its head office 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 circumstances, 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 option.

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 collection of rules for ensuring honest trading onto their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

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

Compare XM vs IC Markets Commission And Fees

XM and IC Markets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees 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. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you're spending a spread, financing rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are those who are billed when you hold a leveraged position for longer than a day.

Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.

In general, neither XM or IC Markets charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.

However, non-trading fees charged by XM and IC Markets are comparatively competitive. As a result, you're billed more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of resources.

This XM vs IC Markets review for 2026 breaks down each of the relevant non-trading fees 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 trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading online.

Here you can find all 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 established with their customer base. It is really important to work with an online broker that is professional 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 clients 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.