Compare IC Markets vs XM

Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against XM!

IC Markets vs XM
open account	Visit broker 74-89% of retail CFD accounts lose money	Visit broker 69.10% of retail CFD accounts lose money
overall rating	4.4	4.4
overall pros	Low forex fees Easy and fast account opening Free deposit and withdrawal	Low CFD and withdrawal fees Easy and fast account opening Great educational tools
overall cons	No investor protection No negative account balance protection Limited number of available CFDs	Only CFDs, forex, cryptos for Europeans Average forex fees Inactivity fee
fees	4.3 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs	3.8 Low CFD fees No withdrawal fee Inactivity fee Average FX fees
account opening	5.0 Fast Fully digital Low minimum deposit	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.9 Credit/Debit card available Free withdrawal No deposit fee	5.0 Credit/Debit card available Free withdrawal No deposit fee Free wire withdrawal above $200
web trading platform	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design	2.8 Clear fee report Good customizability (for charts, workspace) No price alerts Outdated design
mobile trading platform	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login No order confirmation	3.8 User-friendly Good search function Price alerts No Touch/Face ID login No order confirmation
desktop trading platform	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts Outdated design Search function could be improved
markets and products	1.7 Forex CFD Crypto	2.9 Stock Forex CFD Crypto
research	3.8 Trading ideas Quality news flow User-friendly No fundamental data available	3.8 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	3.6 Phone support Live chat Fast response time Slow and irrelevant live chat	3.5 Phone support Live chat Fast response time No 24/7 phone support
education	4.5 Demo account Trading platform tutorial Educational videos	4.5 Demo account Trading platform tutorial Educational videos
safety	Majority of clients belong to a top-tier financial authority In operation for a long time No investor protection No negative balance protection Does not hold a banking license	Negative balance protection Regulated by the top-tier ASIC Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Forex traders who value easy account opening and free deposit/withdrawal options	Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees

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