IC Markets vs XM
An in-depth comparison to help you choose the right broker for your trading journey.
QUICK VERDICT
Who Wins?
VS
HEAD-TO-HEAD 
Side-by-Side Comparison
Feature
Overall Rating
4.6/5
4/5
Minimum Deposit
$200
$5
Spreads From
0.0 pips
0.6 pips
Max Leverage
Up to 500:1
Up to 1000:1
Instruments
2,250+
1,000+
Fees Score
4.9/5
4.2/5
Platforms Score
4.7/5
4.3/5
Education Score
3.5/5
4.5/5
Safety Score
4.5/5
4.5/5
Platforms
MetaTrader 4, MetaTrader 5, cTrader, TradingView
MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile App
Founded
2007
2009
Headquarters
Sydney, Australia
Limassol, Cyprus
ANALYSIS
Open IC Markets Account
Open XM Account
Pros & Cons
Pros
- Industry-leading raw spreads from 0.0 pips
- True ECN execution with no dealing desk
- $1 trillion+ monthly trading volume
- Multiple platforms including TradingView
- Excellent for high-frequency and algo trading
- Deep institutional liquidity
Cons
- $200 minimum deposit
- Limited educational content
- No proprietary platform
- Basic research tools
Pros
- Ultra-low $5 minimum deposit
- Excellent educational resources
- Multi-regulated (FCA, CySEC, ASIC)
- No deposit or withdrawal fees
- Excellent customer support (24/5)
Cons
- Higher spreads than ECN brokers
- Limited research tools
- Inactivity fee after 90 days
RECOMMENDATION
Which Broker Should You Choose?
Choose
If you:
- High-volume traders
- Scalpers
- Algorithmic traders
- Professional traders
FREE TOOLS
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