WhichBrokerHead to head · data verified August 2026
IC Markets vs XM
IC Markets wins our overall scoring by 0.5 points, but XM still takes specific profiles.
Pillar scores
IC MarketsXM
FeesIC Markets
PlatformsIC Markets
Trust & regulationIC Markets
Market rangeIC Markets
SupportXM
Side by side
| Criterion | IC Markets | XM |
|---|---|---|
| Overall score | 8.7 | 8.2 |
| Founded | 2007 | 2009 |
| Regulation | ASIC (AU), CySEC (EU), FSA (SC) | CySEC (EU), ASIC (AU), DFSA (AE), FSC (BZ) |
| Min. deposit | $200 | $5 |
| Fees | Raw account: spreads from 0.0 pips + $3.50/lot; average EUR/USD spread ~0.1 pip | Ultra Low account: spreads from 0.6 pips, no commission; Zero account: from 0.0 pips + commission |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, XM mobile app |
| Markets | 2,250+ instruments: forex, indices, commodities, bonds, crypto & stock CFDs | 1,000+ instruments: forex, stock CFDs, indices, commodities, metals, energies |
| Demo account | Yes | Yes |
| Best for | Scalpers, High-volume forex traders | Bonus seekers, Small starting balances, Emerging markets |
Our verdict
Choose IC Markets if you want scalpers · high-volume forex traders — its standout pillar in our scoring is fees.
Choose XM if you want bonus seekers · small starting balances · emerging markets.
Frequently asked questions
Which is better, IC Markets or XM?
IC Markets scores higher overall in our methodology (8.7 vs 8.2). XM can still be the better pick for bonus seekers.
Is IC Markets safe?
IC Markets is overseen by ASIC (AU), CySEC (EU), FSA (SC). Our trust score for it is 8.4/10 — see the full IC Markets review for the reasoning.
Is XM safe?
XM is overseen by CySEC (EU), ASIC (AU), DFSA (AE), FSC (BZ). Our trust score for it is 8.0/10 — see the full XM review for the reasoning.