Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against XM!
Last update of data—Dec 2022
IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
IC Markets
IC Markets is a global forex and CFD broker. The company is regulated by finanacial authorities globally, including the top-tier ASIC.
Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
IC Markets's service is on par with XM's and a comparison of their fees shows that IC Markets's fees are similar to XM's.
Account opening takes about the same effort at IC Markets compared to XM, deposit and withdrawal processes are about the same quality at IC Markets, while customer service quality is somewhat lower than XM's.
Our experts rated the trading platform of IC Markets as being of the same quality as the platform of XM, found that clients have access to about the same number of markets and products with IC Markets, while XM provides somewhat better research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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