Compare XM Vs IC Markets: Which is the Better Forex Broker in 2024?
XM Vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between XM Vs IC Markets, here is the direct comparison:
Feature | XM | IC Markets |
General Rating |
3.38/5 |
4.02/5 |
|
Score | 80 | 89 | |
Trustpilot |
2.6/5 591 users |
4.8/5 32767 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2009 | 2007 | |
💲 Min Deposit | $5 | $200 | |
⚖ Max Leverage | 1:1000 | 1:1000 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $3.50 | $3.50 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish |
🚪 Trade Now | Open XM | Open IC Markets |
Testimonials
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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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See More XM Testimonials
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See More IC Markets Testimonials
News
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IC Markets Dives into Prop Trading with ICFunded Launch
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IC Markets and Bloomberg Team Up Again for ICYT Season 4
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Earn Cash While You Sleep with IC Markets Refer a Friend
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
Articles
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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Get to Know MT4 Platform with XM Video Tutorials
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Win Withdrawable Cash in XM Trading Competition
Bonus
Webinars
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IC Markets: ?????? ??? ??????? ???????? AB=CD
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IC Markets: Analise Top Murilo
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IC Markets: Sunday Pre-Market Analysis
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IC Markets: 3 Powerful Reversal Strategies
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IC Markets: Bloque de �rdenes : Bullish Order Block y Bearish Order Block
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IC Markets: Strategi ICT
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IC Markets: Day Trading ao Vivo
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IC Markets: Patrones de Agotamientos Institucionales
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IC Markets: ?????? ??? ??????? ???????? ????? ????? + ?????
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IC Markets: Analise Top Murilo
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See More IC Markets Webinars
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, XM provides their pricing with Variable spread while IC Markets offers Variable spread.
XM vs IC Markets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, XM enables trading with MetaTrader 4, MetaTrader 5, Social Trading, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade with the support of One-click trading, Trailing stop, Pending orders.
Is XM or IC Markets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, XM supports trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to XM and IC Markets:
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For more comparisons, visit this page.