IC Markets vs XM - Forex Broker Comparison (April 2026)
Head-to-head comparison of IC Markets and XM. Check max funding, profit splits, daily and overall drawdown rules, leverage, tradable assets, payout frequency, payment and payout methods, trading permissions and KYC restrictions before you buy a challenge. Data refreshed April 2026.
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IC Markets
True ECN Forex & CFD Broker — Raw Spreads from 0.0 Pips
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XM
Global Multi-Asset Broker — Big and Fair
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| Overview | ||
| Trustpilot Rating | 4.8 | 0 |
| Trustpilot Reviews | 52,956 | 0 |
| Headquarters | Australia | Cyprus |
| Founded | 2007 | 2009 |
| Best For | Low Spreads ECN Trading Scalping Algo Trading High-Volume Copy Trading Day Trading High Leverage Swing Trading News Trading Hedging Zero Spread No Commission Professional | Beginners Education Low Deposit Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | ||
| Regulation | ASIC (Australia) CySEC (Cyprus) FSA (Seychelles) SCB (Bahamas) CMA (Kenya) FSCA (South Africa) | CySEC (Cyprus) ASIC (Australia) DFSA (Dubai) FSCA (South Africa) FSC (Belize) |
| Fund Segregation | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to €20,000 under CySEC ICF for EU clients | Up to EUR 20,000 under CySEC ICF |
| Trading Costs | ||
| Min Spread | From 0.0 pips (Raw Spread), From 0.8 pips (Standard) | From 0.0 pips (Zero), From 0.8 pips (Ultra Low), From 1.6 pips (Standard/Micro) |
| Commission | $3.50/lot/side (Raw Spread MT), $3/100K (cTrader Raw), None (Standard) | $3.50/lot/side (Zero), None (Standard/Micro/Ultra Low) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes |
| Inactivity Fee | None | $15 after 90 days inactive, then $5/month |
| Deposit/Withdrawal Fees | No deposit or withdrawal fees. Bank wire may incur intermediary charges | No deposit fees. No withdrawal fees (bank wire under $200 may incur fee) |
| Trading Conditions | ||
| Max Leverage | 1:1000 (Global), 1:500 (Bahamas), 1:30 (EU/AU retail) | 1:1000 (Global), 1:30 (EU/AU retail) |
| Min Deposit | $200 | $5 (Standard/Micro/Ultra Low), $5 (Zero) |
| Execution Type | ECN | Market Maker |
| Stop Out Level | 50% | 50% (EU), 20% (Global) |
| Margin Call Level | 100% | 50% (EU), 100% (Global) |
| Instruments | 61 Forex 2100+ Stocks 25 Indices 19 Commodities 6 Metals 3 Energies 21 Crypto 9 Bonds 5 Futures | 55+ Forex 1200+ Stocks 30 Indices 10 Commodities 5+ Metals 3 Energies 60+ Crypto |
| Currency Pairs | 61 | 55 |
| Min Lot Size | 0.01 | 0.01 |
| Platforms & Tools | ||
| Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes |
| Education | Webinars Video Tutorials Trading Guides Market Analysis IC Your Trade Podcast | Webinars (23 languages) Video Tutorials Trading Academy XM Live Sessions Seminars |
| Account & Support | ||
| Account Types | Standard Raw Spread cTrader Raw Islamic Demo | Micro Standard Ultra Low Zero Shares Islamic Demo |
| Payment Methods | Credit/Debit Cards Bank Wire PayPal Skrill Neteller UnionPay FasaPay Crypto (BTC) | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller UnionPay WebMoney Apple Pay Google Pay |
| Withdrawal Speed | Same day (e-wallets), 1-3 days (cards), 3-5 days (bank wire) | Same day (e-wallets), 2-5 days (cards/bank wire) |
| Support Hours | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
IC Markets
XM