XM
IC Markets
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Compare
XM
Capital at risk · T&Cs apply
Choosing between XM and IC Markets depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while IC Markets operates from Sydney, Australia. IC Markets has the longer track record, established in 2007, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
IC Markets
| XM | IC Markets | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.9/5 |
| Min. Deposit | $5 | $200 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:500 |
| Regulation | CySEC, ASIC, FCA ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, TradingView |
XM (3.9/5) and IC Markets (3.9/5) are closely matched. IC Markets has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowXM
WinnerIC Markets
XM
IC Markets
XM holds licences from ASIC, FCA, CySEC. IC Markets is regulated by ASIC, CySEC.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. XM additionally covers Commodities. IC Markets adds Crypto.
On spreads, IC Markets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. IC Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
XM requires a minimum deposit of $5, while IC Markets sets a minimum deposit of $200. Both are suitable for traders with moderate starting capital.
BrokerRank scores XM at 3.92/5 and IC Markets at 3.87/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a marginal advantage.
XM
3.9/5
Choose XM if you want…
IC Markets
3.9/5
Choose IC Markets if you want…
XM (3.9/5) and IC Markets (3.9/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
XM offers spreads from 0.6 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. IC Markets requires $200.
XM is regulated by CySEC, ASIC, FCA, while IC Markets holds licences from ASIC, CySEC.
XM supports MT4, MT5, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.