IC Markets vs XM
Updated
Limited data: IC Markets has 12 and XM has 8 of 12 comparable fields verified (we need 7 each for a full comparison). Treat this page as incomplete.
Key differences
- IC Markets has a stronger best regulator (Tier 1) than XM (Tier 2).
- Only IC Markets lists: ASIC, CySEC.
- Only XM lists: FSC (Belize), FSC (Mauritius), FSCA, CMA (Kenya).
- XM has the lower stated minimum deposit ($5 vs $200).
- IC Markets offers cTrader, TradingView; XM does not list them.
- XM offers Proprietary; IC Markets does not list it.
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| Field | IC Markets | XM |
|---|---|---|
| Score | 77.8/100 | 73.1/100 |
| Regulators | FSA (Seychelles), ASIC, CySEC | FSC (Belize), FSA (Seychelles), FSC (Mauritius), FSCA, CMA (Kenya) |
| Founded | 2007Founded in Sydney, Australia. | Not verified |
| Platforms | MT4, MT5, cTrader, TradingViewMT4, MT5 and cTrader on the account page; TradingView listed in the ic.com navigation. | MT4, MT5, ProprietaryXM App. |
| Minimum deposit | $200FAQ: USD 200 or equivalent. | $5 |
| Raw commission / side (advertised) | $3.50USD 3.50 per lot per side. | Not verified |
| Spread from, no-commission account (advertised) | 0.80EUR/USD "from" spread, Standard account. | 0.80Site-wide "as low as 0.8 pips"; not account- or pair-specific. |
| Measured EUR/USD spread | Not yet tested | Not yet tested |
| Max. leverage | 1:5000 | Not verified |
| Copy trading | YesIC Social, cTrader Copy, ZuluTrade and others. | YesXM Copy Trading. |
| Swap-free / Islamic | YesSwap Free account listed. | Yes"Islamic option as standard" on all accounts. |
| Deposit methods | Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller | Not verified |
| Restricted-country list | 5 listed (partial)Plus any country where use would be contrary to local law. | 4 listed (partial)Plus "other sanctioned countries". |
| Visit |
Sources for each value are on the individual broker pages. Data verified 11 Oct 2026.
Risk warning: CFDs and leveraged forex are complex instruments and carry a high risk of losing money rapidly due to leverage. Most retail accounts lose money. Only trade with money you can afford to lose. Nothing on this site is investment advice. Read the full risk warning.