On this page, I’ll compare two brokers: IC Markets and XM.

You’ll get a full comparison of all the main features, including what they have in common and the differences, to help you choose the best for you.

Here are all the details.

Broker General Details

Let’s look at the general details now. Here you’ll see where and when each broker was founded, the minimum required deposit, and the maximum leverage provided by IC Markets and XM.

Account Settings

These are the account settings for IC Markets and XM.

If your strategy sends you into big drawdowns frequently, the margin call and the margin stop out are important to check.

Account Types

When trading Forex, there are often several account types to choose from. You can start with a demo account, which most brokers offer, to learn before you know how to trade. After that, the choice is yours, from commission or no-commission accounts to Islamic or professional accounts.

Here are the account types that IC Markets and XM offer to you:

Bonus

Who doesn’t like a good bonus?

Some brokers offer a bonus when you deposit with them. Others can even offer you a bonus just for opening an account without depositing.

Here’s what kind of bonuses are offered by IC Markets and XM.

Instruments Available

Depending on the markets you prefer to trade, some brokers may or may not have the symbols you want to trade.

Here’s a list comparing all instruments supported by IC Markets and XM.

Leverage

When it comes to leverage, it often changes depending on what symbol or category you trade. The biggest leverage is usually given to Forex and may be lower on other asset types.

Here’s the leverage comparison between the IC Markets and XM different trading categories:

Payments

Depending on where you are in the world, some payment options may be better for you than others. Some may save you taxes, others may not even be available for you. Most brokers offer different payment methods to adapt better to each trader’s geography. IC Markets and XM are no exception.

Here’s a list comparing the payment options available to them:

Platforms

While MetaTrader is the classic option for Forex brokers, available on the vast majority of them, there are frequently other trading platforms that you may prefer or may be better for your own trading style.

Here’s a list comparing the trading platforms available when you use IC Markets and XM.

Regulators

When you choose a broker it’s important that he’s regulated by an official entity. Although some regulators may be stricter than others, at least make sure that regulation exists with the broker you choose.

In this table, you can see the comparison between the IC Markets and XM regulators.

Trustpilot

Although the Trustpilot reviews and scores may eventually be faked like everything over the internet, it’s still a good source to look for and get a feeling of what’s going on with any particular broker.

Here’s the Trustpilot data for IC Markets and XM.

More Resources

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