IG vs XM
An in-depth comparison to help you choose the right broker for your trading journey.
Who Wins Each Category?
Our scores for IG and XM, side by side, across the categories that decide your costs and safety.
Who Wins?
IG wins on overall score (4.4/5 vs 4/5). IG is the pick if you value experienced traders; choose XM if you value beginners with small budgets. The tables below show where each actually wins.
Who this is for: IG suits traders who prioritise experienced traders; XM suits traders who prioritise beginners with small budgets.
Side-by-Side Comparison
What Actually Differs
The numbers that matter when choosing between IG and XM.
Pros & Cons
Pros
- 50+ years established
- Publicly traded (FTSE 250)
- 17,000+ markets
- Excellent research
- Advanced ProRealTime charts
Cons
- Higher minimum deposit
- Inactivity fees
- Complex fee structure
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
Which Broker Should You Choose?
IG vs XM: FAQ
Which is better, IG or XM?
Overall, IG scores 4.4/5 and XM scores 4/5. The right pick depends on what you value: IG for experienced traders, XM for beginners with small budgets.
Which is cheaper, IG or XM?
On our fees score, IG is 3.8/5 and XM is 4.2/5. IG advertises spreads from 0.6 pips, XM from 0.6 pips. Check the fee rows above for the full picture, because headline spreads are not the bill.
Which is safer, IG or XM?
IG holds 4 licence(s), including FCA, ASIC, BaFin, NFA/CFTC. XM holds 4 licence(s), including FCA, ASIC, CySEC, IFSC. More Tier 1 regulators means more client protection schemes. Verify any licence at the regulator register before depositing.
Which has more markets, IG or XM?
IG offers 17,000+, XM offers 1,000+. Choose the range that covers what you actually trade.
Calculate Your Trading Costs
Use our free tools to compare broker costs and calculate position sizes before you trade.
Other Broker Matchups
Trading Terms Explained
New to some of the jargon in this comparison? These explainers cover the concepts that decide your costs and risk.