XM vs IC Markets, Updated for 2026

Compare XM vs IC Markets

Each online trading platforms feature some advantages and disadvantages, and any comprehensive analysis of XM vs IC Markets should not be regarded as thorough without embracing an objective perspective.

Assess IC Markets and XM in order to understand how they compare with one another before you create an account. Conducting a side-by-side comparison helps to bring aspects into perspective so that you're aware of the expectations.

So you are looking for an online trading platform and are choosing between XM or IC Markets. Who should you choose?

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

If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you have to select the right agent who will be clear with you always.

In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. XM and IC Markets are two such stages which will take you along with your investment to great heights. It is crucial to 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 entire XM vs IC Markets Review covers all you will need to learn about trading with either XM or IC Markets. A good broker can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing goals.

There is no sure-fire method to ensure profits; thus, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments in danger.

XM and IC Markets are both brokers which have paved their way successfully into the brokerage world. Within this review, we have tried to collate a number of the important facets of both XM and IC Markets. This review can help you to know whether either IC Markets or XM is a good match for your investments or not. We have attempted to breakdown all the qualities and fees for your advantage.

Benefits of XM and IC Markets Compared

XM offers 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 allows you to trade around 100 financial instruments while IC Markets allows you to trade around 100 available.

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 your broker through many ways 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.

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

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?

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 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 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 honest trading onto their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, customer information 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 brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the number of clients they have.

But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three types of fees for this purpose.

The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these cases, you're paying a spread, financing rate, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those who are billed when you hold a leveraged position for more than a day.

Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, neither XM or IC Markets charge high fees compared to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example weekly or daily trading.

However, non-trading fees billed by XM and IC Markets are relatively competitive. Consequently, you're charged more for non-trading actions on your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of resources.

This XM vs IC Markets review for 2026 breaks down every one of the applicable 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 platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to be sure you 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 support.

How Many Clients Do XM and IC Markets Have?

Both XM and IC Markets are well known and trusted. It is really 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 they already work with.

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.