IC Markets vs XM, for 2026

Compare IC Markets vs XM

All online trading platforms feature certain advantages and disadvantages, so a complete IC Markets and XM review cannnot be regarded as thorough without adopting a fair assessment.

Compare IC Markets and XM to understand how they stack up against each before you make an account. Conducting a side-by-side comparison will place factors into perspective so that you are aware of what you should anticipate.

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 latest information so you can easily compare XM against IC Markets.

If you're a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of broker since you keep trading. For starters, you need to choose the ideal agent who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and XM are two such platforms that will take you and your investment to great heights. It is 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 entire IC Markets vs XM Review covers everything you will need to learn about trading using either IC Markets or XM. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investing goals.

There's absolutely no sure-fire method to guarantee profits; thus, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.

IC Markets and XM are both brokers which have forged their way successfully into the broker world. Within this review, we've tried to collate some of the important facets of both IC Markets and XM. This review will allow you to know whether either XM or IC Markets is a good fit for your own investments or not. We have 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 has 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 has around 232 financial instruments available.

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 your broker easily 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 the average.

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

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. 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 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 strong collection of rules for ensuring honest trading onto their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).

In accordance with their own privacy policies, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.

Compare IC Markets vs XM Commission And Fees

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

But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 types of penalties for this purpose.

The first kind of fees to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading fees 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 gap between the buying and selling cost. Financing or overnight prices are people who are billed when you maintain a leveraged position for longer than a day.

Apart from trading fees, online agents also charge non-trading fees. These are dependent on the actions you undertake on your account. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.

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

But, non-trading fees charged by IC Markets and XM are comparatively greater. As a result, you're billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't related to 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 communicate easily with your online broker is a key part of comparing brokers to find your perfect 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 forex.

Below you will find all the languages that both IC Markets and XM support.

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 a 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 users IC Markets and XM are working with

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 and XM offers 100.

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