XM vs IC Markets

What is XM and IC Markets

XM is a global Forex and one of the regulated CFD brokers, offering trading with Forex pairs, indices, stocks, and commodities. 

IC Markets is an Australian Forex and CFDs broker founded in 2007, headquartered in Sydney, Australia.

	XM	IC Markets
💻 Website	www.xm.com	www.icmarkets.com
🛡️Founded year	2009	2007
🏦 Headquarter	Limassol, Cyprus	Australia
🗺️ Authorized & Regulated in	UK, Cyprus, Australia, UAE, Belize	Australia, Cyprus, Seychelles, Bahamas
🔒 Is Broker safe	Yes	Yes
💰 EUR/USD Spread	1.6	1.02
💳 Minimum deposit	US$5	US$200
💰 Withdrawal fee	US$0	$0
🖥️ Trading Platform	MT4, MT5	Meta Trader 4, Meta Trader 5, cTrader
📈 Markets offered	Forex, Indices, Stocks, Commodities	Forex, Indices, Stocks, Commodities, Cryptocurrencies
📉 Number of Products	1336	559

Licenses and Regulation

	XM	IC Markets
🔒 Licenses	ASIC, CySEC, DFSA FCA, FSC	ASIC, CySEC, SCB, FSA
Top Tier License	✔️	✔️
Publically Traded	❌	❌
Compensation Scheme	✔️ (depending on entity)	✔️ (depending on entity)

XM vs IC Markets Fees

	XM Fees	IC Markets Fees
Fees based on spread	✔️	✔️
Floating Spread	✔️	✔️
Fixed Spread	❌	❌
Commission based fees	✔️	✔️
Inactivity Fee	$0	$0
Deposit fee	$0	$0
Withdrawal fee	$0	$0
Active trader/ VIP Programs	✔️	✔️

Spreads Charged in Our Trades

Markets	Instruments	XM commission	IC Markets commission	Industry avg. spread
Indices	FTSE 100	1.5	1.1	1.65
Forex	EUR/USD	1.6	1.0	1.16
Commodities	Gold	3.5	2.2	3.53
Stocks	AAPL	1.35	1.5	1.75
Cryptocurrencies	Bitcoin	–	39.24	72.81
ETFs	QQQ	–	–	0.45

Account Types Compared

	XM Accounts	IC Markets Accounts
Standard Account	✔️	✔️
ECN / Commission Based Account	❌	❌
Islamic Account	✔️	✔️
PAMM Account	❌	❌

Markets and Products

Markets	XM Instruments	IC Markets Instruments
Indices	26	23
Forex	57	61
Commodities	17	12
Stocks	1236	453
Cryptocurrency	–	10
ETFs	–	–
Bonds	–	–

Trading Conditions

Trading Method	XM	IC Markets
Hedging	✔️	✔️
Scalping	✔️	✔️
Change Leverage	✔️	✔️
Copy trading/ Social trading	✔️	✔️
Beginners Trading	✔️	✔️
Professional Trading	✔️	✔

Deposit and Withdrawal

	XM	IC Markets
💰 Deposit Fee	❌	❌
💰 Withdrawal fee	$0	$0 ($20 for international bank withdrawals)
💳 Minimum deposit	US$5	US$200
Bank Transfer	✔️	✔️
Debit/ Credit Cards	✔️	✔️
PayPal	✔️	✔️
Skrill	✔️	✔️
Neteller	✔️	✔️

Trading Platform

	XM Platform	IC Markets Platform
Proprietary Platform	❌	❌
Web Platform	✔️	✔️
Desktop Platform	✔️	✔️
Mobile App	✔️	✔️
Alternative Platforms	❌	❌
MetaTrader4	✔️	✔️
Simple to use platform	✔️	✔️
Demo Account Trading	✔️	✔️
Execution Agency Model	❌	❌
Research	✔️	✔️
Advanced Research tools	✔️	❌

Education and Support

	XM Support	IC Markets Support
Trading School for Beginners	✔️	✔️
Tutorials	✔️	✔️
Trading Videos	❌	✔️
Webinars	✔️	✔️
Daily News and Analysis	✔️	✔️
Economic Calendar	✔️	✔️
Live Chat	✔️	✔️
Email Support	✔️	✔️
24/7 availability	❌	✔️

Conclusion on XM vs IC Markets

	XM	IC Markets
Recommended for	✔️ CFD Stocks trading ✔️ Beginning Traders ✔️ Experienced traders ✔️ Trading Currency Pairs ✔️ EAs trading ✔️ Scalping trader ✔️ Hedging trader ✔️ Trading through MT4 / MT5	✔️ Beginning Traders ✔️ Trading Currency Pairs ✔️ Cryptocurrency Trading ✔️ Scalping trader ✔️ Hedging trader
Might not be fit for	❌ Commission based trading ❌ Real Stock / Futures Trading	❌ Trading Futures or Real Stocks ❌ Commission based trading

Source: https://brokertested.com/xm-vs...