Trying to figure out what is the best between IC Markets and XM?

Want to find the best platform between XM and IC Markets based on your needs?

Here’s the perfect place to start.

We have compared more then 100 variables and features for you to carefully compare these two brokers.

We have divided them in a logic structure to be easy to navigate.

You can scroll the whole post, or you can use the quick menu.

Company’s information

IC MARKETSXM
ic markets logoxm broker no esma
Founded in20072009
Regulatedyesyes
Publicly Tradednono
Is a banknono
EU Clientsnoyes
NO ESMA Availablenoyes
US Clientsnono
Canada Clientsnono
Website Languagesen - thai - ko - fr - es - ru - cz - it - cro - chi(t/s) - ind - de - po - viet - ar - mal - bulen (au) - en - mal - chi(t/s) - gre - hu - ru - ind - fr - it - de - pol - ar - es - ko - po - hi - viet - thai - tag - cz - beng
IC Markets ReviewXM Review

Regulations and Licenses

IC MARKETSXM
TIER 1
ASICyesyes
IIROCnono
SFCnono
FSAnono
MASnono
FINMAnono
FCAnoyes
CFTCnono
MIFID-ESMAnoyes
TIER 2
CBRCnono
CYSECnoyes
ISAnono
FMAnono
CBRnono
FSBnono
SECnono
DFSAnono
TIER 3
FSC (British)nono
FSC (Mauritius)nono
OFFSHOREnono
Visit IC Markets Visit XM

Spread and Fees

IC MARKETSXM
EUR/USD Average Spread (Variable)0.10.1
USD/JPY Average Spread (Variable)0.20.1
GBP/USD Average Spread (Variable)0.40.3
USD/CHF Average Spread (Variable)0.50.4
EUR/USD Spread (Fixed)nono
USD/JPY Spread (Fixed)nono
GBP/USD Spread (Fixed)nono
USD/CHF Spread (Fixed)nono
Active Trader Program?nono
Fees
Depositnono
Withdrawnono
Overnight - Swapyesyes
Inactivitynoyes
Conversionnono
Visit IC MarketsVisit XM

Deposit and Withdrawal

IC MARKETSXM
Minimum Deposit$200$5
Minimum Withdraw$1$5
Credit Cardyesno
Bank Transferyesyes
PayPalyesno
Netelleryesyes
Skrillyesyes
Other Methods Availableneteller VIP, UnionPay, Bpay, FasaPay, Broker to Broker, POLi, THAI Internet Banking, RapidPay, Klarna, Bitcoin Wallet, Vietnamese Internet Banking?
Deposit Waiting Timeinstantinstant
Withdraw Waiting Time1 business day1 business day
Visit IC MarketsVisit XM

Account Types

IC MARKETSXM
Demo Accountyesyes
Demo Expires? Yes or Nono (30 days inactivity)no (30 days inactivity)
Mini Accountyesyes
Micro Accountnoyes
Fixed Spread Accountnono
Variable Spread Accountyesyes
Zero Spread Accountyesyes
ECN Accountyesno
Islamic Accountyesyes
Professional Traders Account - VIPnono
Visit IC MarketsVisit XM

Markets and Instruments

IC MARKETSXM
Forex Spotyesyes
Forex CFDyesyes
Total Number Forex Pairs6357
Crypto (real)nono
Crypto CFDyesyes
Total Number of Crypto105
Commodities (real)nono
Commodities CFDyesyes
Total Number of Commodities1915
Stocks (real)nono
Stocks CFDyesyes
Total Number of Stocks120160
Indices (real)nono
Indices CFDyesyes
Total Number of Indices1630
ETFnoyes
Futuresyesno
Optionsnono
Bondsyesno
Interestes Ratesnono
IPOnoyes
Blends?no
Visit IC MarketsVisit XM

Leverage – Execution – Platforms – Tools

IC MARKETSXM
PLATFORMS
Proprietary Desktop Platformnono
Proprietary Web Platformnono
MT4 Dekstopyesyes
MT4 Webyesyes
MT5 Desktopyesyes
MT5 Webyesyes
cTrader desktopyesno
cTrader webyesno
MAC Platformsnoyes
Mirror Traderyesno
ZuluTradeyesno
Sirixnono
TRADING EXECUTIONS
Direct Market Access (DMA)yesno
Straigh Through Processing (STP)yesno
Electronic Communication Network (ECN)yesno
Market Makernoyes
Non Dealing Desk (NDD)yesno
LEVERAGE
EU clientsno30:1
NON-EU clients500:1500:1
USnono
Canadanono
Australia500:1500:1
TRADING TECHNIQUES
Scalpingyesyes
Hedgingyesyes
Spread Bettingnono
Expert Advisor (EA)yesyes
Virtual Private Serveryesyes
SPECIAL TRADING CONDITIONS
MAMyesno
PAMMyesno
Social Tradingyesyes
Copy Tradingyesyes
TRADING TOOLS
One-Click Tradingyesyes
Signal Tradingyesyes
Price Alertsyesyes
Number Chart Indicators5151
Number Chart Drawing Tools3131
Trade directly from Chartyesyes
Watchlistyesyes
RISK MANAGEMENT
Stop Lossesyesyes
Take Profitsyesyes
Limit Ordersyesyes
Trailing Stopyesyes
Margin Callyesyes
MOBILE TRADING
Androidyesyes
iOSyesyes
Windowsnoyes
Trading signals on Mobileyesno
Smart Watch Appnono
Forexyesyes
CFDyesyes
Alertsyesyes
Chartings-Drawing Toolsyesyes
Watchlistyesyes
Mobile Available Languageen - jp - chi - pol - afrk - dan - ne - dear - chi - en - fr - de - gre - hi - hu -ind - it - jp - ko -mal -pol - po - ru - es - swe - thai - tur
Visit IC MarketsVisit XM

Customer Support – Education – Research

IC MARKETSXM
CUSTOMER SUPPORT
email supportyesyes
Phone Supportyesyes
Live Chatyesyes
Support Language Availableen - thai - ko - fr - es - ru - cz - it - cro - chi(t/s) - ind - de - po - viet - ar - mal - bulen (au) - en - mal - chi(t/s) - gre - hu - ru - ind - fr - it - de - pol - ar - es - ko - po - hi - viet - thai - tag - cz - beng
EDUCATION
Education Centeryesyes
Webinarsyesyes
Platform Tutorial Videoyesyes
Video on Trading for Beginnersnono
Video on Trading for Expertsnono
Tutorial Guidenoyes
Glossaryyesno
RESEARCH
News via Twitteryesyes
News via FaceBookyesyes
Daily Market Commentaryyesyes
Daily email with Trading Ideasnoyes
Professional Reportsyesyes
Analysis from Trading Central (Recognia)nono
Analysis from Delkos Researchnono
AutoChartistnono
Social Trading Features - Social Feedsyesyes
Traders Sentimentnono
Economic Calendaryesyes
Visit IC MarketsVisit XM

Brand Power

IC MARKETSXM
WEBSITE TRAFFIC
SimilarWeb - Website ranking19.5515.355
SimilarWeb - Total Visits3.896.00012.990.000
Facebook399.331974.312
Twitter552930.300
Instagram8011no
AWARDS WONIC MARKETSXM
Best FX Broker for Australasia 2019 - World Finance Magazine, World Finance Forex Awards
Best Broker 2019 - FinTech Age Awards
Best Market Research & Education - Capital Finance International Magazine (CFI.co)
Best FX Broker for Europe 2019 - World Finance Magazine, World Finance Forex Awards
+21 awards
TRUSTPILOT UKTrustpilot IC MarketsTrustpilot XM
Visit IC MarketsVisit XM