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IG Markets vs XM: Comparison and Analysis

Trying to figure out whether to use IG Markets or XM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs

We’ve compared more than 100 variables and features so you can see the pros and cons of IG Markets and XM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
68% of retail CFD accounts lose money
IG Markets review
Open Account
77,37% of retail investor accounts lose money
XM review

Overall Ratings


Rated
90
Rated
79

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • IG Markets
  • XM

Security 98
Security 94

Cost 62
Cost 74

Trading 100
Trading 66

Education 84
Education 81

Company Info


Foundation
1974
2009
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage


Non-EU Leverage ?
200:1
1000:1
European Leverage ?
30:1
30:1
Australian Leverage ?
200:1
30:1
US Leverage ?
50:1
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
8985
5355
SimilarWeb - Total Visits
9340000
12990000
Facebook Likes
107634
974312
Twitter Likes
25000
30300
Instagram Likes

Deposit and Withdrawal


Minimum Deposit ?
300 USD
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Deposit Waiting Time ?
instant
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, ZAR, AED, CHF, JPY, NZD, SGD
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
2.8
0.05
Natural Gas ?
0.035
Silver ?
2.0
0.3
Platinum ?
3
Copper ?
Soybeans ?
0.0275
Corn ?
0.0185
Gold ?
0.3
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.7
0.1
USD/JPY Average Spread
1.19
0.1
USD/CHF Average Spread
2.07
0.4
GBP/USD Average Spread
1.52
0.3
USD/CAD Average Spread
0.5
AUD/USD Average Spread
0.6
0.4
NZD/USD Average Spread
1.0
EUR/GBP Average Spread
0.9
0.3

Fees on Stocks


Apple
0.26
Facebook
0.15
Alphabet
2.77
Snapchat
0.06
BP
0.08
Tesco
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices


FTSE100
1.0
1.5
S&P500
0.4
0.7
Dow Jones
1
Nasdaq
1.0
2
CAC40
1.0
1.8
DAX30
2.0
2.0
Nikkei 225
7.0
12.0
Euro Stoxx 50
2.0
2.6

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
1.2
0
Ripple
0.30
0
Litecoin
0
0
Bitcoin Cash
2.0
0
Dash
0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, po
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
90
57
Crypto ?
90
Commodities ?
34
15
Stocks ?
12000
160
Indices ?
37
30
ETF ?
20
Futures ?
5
Options ?
20
Bonds ?
12
Metal ?
5
4
Agricultural ?
8
Energies ?
6
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Agricultural, Blends, Bonds

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
22
51
Number Chart Drawing Tools ?
17
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, dan, de, es, fr, ne, nor, po, ru, swe, it, swi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

IG Markets vs XM: A Comparison of Brokers

When it comes to choosing a broker, traders need to take into consideration several factors, such as security, account opening requirements, trading fees, available markets, platforms, and education/customer care. In this comparison, we will analyse and compare two popular brokers, IG Markets and XM, based on these factors.

Security

IG Markets has an excellent security rating, with regulations from ten different authorities, including ASIC, and NFA, making it available for US traders. XM, on the other hand, has a slightly lower security rating, with regulations from four authorities, including CySEC and ASIC.

Demo

Both brokers offer unlimited demo accounts, with virtual funds that can be restored by contacting customer support. However, IG Markets offers a more significant amount of virtual funds, $30,000, compared to XM’s $100,000.

Account Opening

IG Markets has a higher minimum deposit requirement, with most countries requiring a deposit of $300, while XM only requires a minimum deposit of $5. IG Markets offers a more extensive range of account types, including Standard, Limited Risk, Spread Betting, Option and Turbo24, Share Dealing, Islamic, Professional, and Select. In contrast, XM offers Standard, Micro, Zero, Ultra Low, Shares, and Islamic accounts.

Social-Copy Trading

IG Markets does not offer social or copy trading features, while XM doesn’t offer social trading.

Markets

IG Markets offers a more extensive range of markets, with 90 forex pairs, 35 commodities, 80+ indices, 12 cryptocurrencies, 16,000+ stocks, 5,400+ ETFs, and 30+ futures and options. XM, on the other hand, offers 57 forex pairs, 15 commodities, 30 indices, 150+ stocks, and no ETFs, futures, or options. This makes IG Markets a better option for both short and long-term investing, while XM is more suitable for short-term investing.

Trading Fees

IG Markets and XM both offer variable spreads, with IG Markets offering spreads from 0.6 pips on forex, while XM offers spreads from 0 pips on forex. However, XM’s spreads may be higher depending on the account type chosen. IG Markets charges no commission on real US stocks for FCA, ASIC, DFSA, and JFSA traders, while XM charges up to $7 per lot traded. These low spreads and commissions make XM a better option for scalping.

Platforms

Both IG Markets and XM offer MetaTrader 4 (MT4) via web, desktop, and mobile, with IG Markets also offering their proprietary platform, L2 Dealer, and ProRealTime, an advanced chart analysis software.

Education/Customer Care

IG Markets offers an extensive education section, including a dedicated Academy App, while XM offers a wide range of educational materials, including webinars in 19 languages, trading lessons, platform lessons, and more. Both brokers offer easy contact via email, phone, and live chat, with IG Markets offering customer care in 13 languages, while XM offers customer care in 21 languages.

Conclusion

In conclusion, both IG Markets and XM offer their own unique features and advantages. IG Markets has a higher security rating, a more extensive range of account types and markets, and is suitable for both short and long-term investing. On the other hand, XM has a lower minimum deposit requirement, lower spreads, and is better suited for short-term investing, particularly scalping. Ultimately, traders need to choose the broker that best fits their individual needs and preferences.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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20143

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