XM vs IC Markets, Updated for 2026

Compare XM vs IC Markets

Each trading platforms feature some ups and downs, and a complete analysis of XM vs IC Markets should not be complete without embracing an objective perspective.

Examine XM and IC Markets to get a better understanding of just how they stack up against one another before you decide to open an account. A side-by-side comparison helps to bring aspects into perspective so that you remain aware of the expectations.

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 most recent information so you can easily compare IC Markets against XM.

If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. XM and IC Markets are just two such platforms which will take you and your investment to great heights. It's crucial 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 full XM vs IC Markets Review covers all you need to learn about trading with either XM or IC Markets. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a broker service that aligns with your investment goals.

There is no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can set your investments in danger.

XM and IC Markets are both brokers that have forged their way successfully to the brokerage world. Within this review, we have attempted to collate a number of the vital aspects of both XM and IC Markets. This review can allow 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 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 available.

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 an online trading platform easily 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 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 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 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 powerful collection of rules for ensuring fair trading onto their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their own privacy policies, client data is never to 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 brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 different types of fees for this purpose.

The first sort of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you are spending a spread, financing speed, or even a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are charged when you maintain a leveraged position for more than a day.

Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.

Generally, neither XM or IC Markets charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly trade, for example weekly or daily trading.

However, non-trading fees charged by XM and IC Markets are relatively higher. Consequently, you're charged more for non-trading activities in your trading account, like 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 element when comparing online 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 factor to success when trading online.

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 a broker you can trust 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 users 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 while IC Markets offers 232.

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