XM vs IC Markets, Updated for 2026

Compare XM vs IC Markets

Every trading platforms feature certain advantages and disadvantages, so any comprehensive analysis of XM vs IC Markets would not be complete without embracing a fair assessment.

Compare XM and IC Markets in order to understand how they line up to each before you choose to make an account. Conducting a comprehensive comparison will bring aspects into perspective so that you're informed about what you should anticipate.

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

Our 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 confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who'll be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. XM and IC Markets are just two such companies which will take you along with your investment to great heights. It's 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 all you will need to learn about trading with either XM or IC Markets. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire way to ensure profits; therefore, you should carefully analyze your broker before you choose them. It is a common misconception that all agents are the same, but that's not true. Wrong judgment, initially, can put your investments in danger.

XM and IC Markets are both brokers that have forged their way successfully to the broker world. Within this review, we've attempted to collate some of the important aspects of both XM and IC Markets. This review will allow you to understand whether either IC Markets or XM is a fantastic fit for your own 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 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 financial instruments on their platform.

The more 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 seriously do not 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

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 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 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. 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 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 needs, 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 powerful collection 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 privacy regulations, customer information is to not be shared with any other institutions or individuals. Including 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 prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the amount of clients they have.

But this does not mean that online brokers do not charge any fees. They charge fees 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 look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you are spending a spread, funding rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people who are billed when you maintain a leveraged position for more than a day.

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

Generally, neither XM or IC Markets charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who often exchange, for example weekly or daily trading.

However, non-trading fees charged by XM and IC Markets are comparatively competitive. Consequently, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.

This XM vs IC Markets review for 2026 breaks down each 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 talk easily with your online platform is a key element when comparing online brokers to find the best broker. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.

Below 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 established with their client base. It is really important to work with an online broker that is reputable and one of the most simple 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 are active on their platform

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.