Let's compare XM and IC Markets' mobile trading apps. Which one is better for trading? What are the pros and cons of each option?

XM Vs IC Markets App

XM and IC Markets are online brokers that offer a range of forex and CFD products to trade in financial markets. While the two are quite well-known in the industry, you might wonder about how they compare. One of the features that they both offer is mobile trading.

In general, the XM trading app offers the "order tracking" feature that allows users to see their entire history of trades and learn from them. Meanwhile, the IC Markets app provides access to financial news and reports so that users can expand their market knowledge and improve their skills.

To compare both apps further, here's an insight:

Features XM IC Markets
📱Available on Android ✔️ ✔️
📱Available on iOS ✔️ ✔️
⭐App Rating (on Google Play Store) 4.0/5.0 from +18k reviews 4.5/5.0 from 453 reviews
⏬Downloads >5 million users >100k users
4️⃣MT4 Accounts
5️⃣MT5 Accounts ✔️ ✔️
⏏️cTrader Accounts ✔️
🔔Price Alerts ✔️ ✔️
📈Chart Drawing Tools ✔️ ✔️
📊Chart Types Bar Chart, Line Chart, Candlesticks Bar Chart, Line chart, Dots Chart, Area Chart, Candlesticks
🔍Watchlist ✔️ ✔️
📅Economic Calendar ✔️ ✔️
🧩Demo Account ✔️ ✔️
💰Minimum Deposit $5 $200
💳Deposit and Withdrawal Methods Bank wire, Credit/Debit card, Neteller, Skrill, UnionPay, WebMoney Bank wire, Credit/Debit card, PayPal, Skrill, Neteller, UnionPay, BPay, FasaPay, Poli
🌐Available Languages English, Arabic, Chinese, Czech, French, German, Greek, Hindi, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Ukrainian, Vietnamese English, Arabic, French, Thai, Indonesian, Malaysian, China, Italian, Turkish, Russian, Swedian, Korean, Polish, Portuguese Hungarian

Continue reading to find out all the details and comparisons between the two.


XM Trading App Features and Benefits

XM is a broker that has been in business since 2009. To provide a seamless trading experience for its clients, the broker offers a mobile trading app that facilitates trading on the go.

The app is available on the App Store for Apple users and Google Play Store for Android users to download. At the time of writing, the app has been downloaded 5 million times on Play Store and has an average of 4.0/5.0 rating from over 18k reviews.

XM mobile app

Once you downloaded the app, you can log in using your account credentials or if you are new, you can register a new account through the app. You can also upload documents and complete the verification process using the app. However, please note that currently the app only supports MT5 accounts.

On the XM app, you can trade various instruments, including forex, stock CFDs, stock indices CFDs, CFDs on precious metals, and CFDs on energies. You can open trades at any time and execute various orders such as stop loss, take profit, and trailing stop.

It also offers a demo account that lets you trade with no risk using virtual money. On top of that, the app also allows you to check your previous orders to keep track of your performance and learn from your past mistakes.

Here are some of the features offered in the XM mobile app:

  • Account registration and verification feature
  • User-friendly dashboard to access all of the available features
  • Deposit, withdraw, and transfer funds to other accounts
  • Charts and orders to place various types of trades
  • Market analysis to gather resources and conduct an in-depth analysis
  • The ability to track past orders and strategies
  • Real-time interactive charts with zoom and scroll options
  • Three chart views, including Bar Chart, Line Chart, and Candlesticks


IC Markets Trading App Features and Benefits

IC Markets is a reputable broker that was founded in 2007. Aside from desktop and web trading platforms, the broker also offers a mobile trading app that allows traders to trade on the go using their mobile phones.

The app is available on both Android and iOS. At the time of writing, the app has been downloaded over 100k times on Play Store and has an average of 4.5/5.0 rating from 453 reviews.

IC Markets app

With this app, you can enter various market instruments and trade various instruments at low spreads. Some of the available instruments are forex, CFDs on commodities, stocks, futures, bonds, indices, and cryptocurrencies.

There are also loads of chart options and technical indicators that you can use to improve your trades. It is worth noting that you can log in to the app using your MT5 or cTrader account.

Aside from buying and selling CFDs, you can also check out economic events in the economic calendar and enhance your knowledge by reading news and articles available on the app

You can even set price alerts that would notify you when prices change and move in a certain direction. On top of that, you can organize different symbols on the app and create customized watchlists according to your needs.

The following are the features offered in the IC Markets trading app:

  • Account registration and verification feature
  • Deposit, withdraw, and transfer funds to other accounts
  • Economic calendar to show future events
  • Switch between accounts and manage them all in one app
  • Trade statistics to analyze your past trades and strategies in detail
  • Get notified by price alerts anywhere and any time
  • Tools for advanced technical analysis
  • Five chart views, including Bar Chart, Line chart, Dots Chart, Area Chart, and Candlesticks
  • Four types of charts, including Standard Time Frames, Tick, Renko, and Range


Final Verdict: Which One is Better?

Both XM and IC Markets offer attractive trading apps with various useful features. The apps are completely free to download and require no additional subscription fees in the following months. Before we can conclude which one is better, we should take a look at the pros and cons of each option.

To begin with, XM mobile app offers the benefit of easy account opening and lower fees. Aside from that, the app is also very convenient to use and offers excellent customer support service that's available 24 hours a day, five days a week. However, the app only offers a limited portfolio of products and features compared to its competitors.

On the other hand, IC Markets trading app has a wide range of products to choose from, a user-friendly interface, and excellent level of customizations. The app also offers many types of charts and real-time quotes across a variety of instruments. The only downside is that there is no multi-factor authentication and no touch ID and face ID for logging in.

Considering all the factors above, we found that both apps are great, but IC Markets provides a slightly better value when it comes to mobile trading apps. Not only does the app is easy to use, but it also features a handful of instruments as well as trading tools that you can use to improve your trades. It can also be used by beginners and professional traders alike due to its high customization and options.


Mobile trading is a highly suggested method for those who don't want to miss any market opportunity and trade on the go. If you need more trading app recommendations, we have compiled a list of the best brokers with mobile apps to check out.