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XM Group vs IC Markets 2023

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Written by ForexBrokers.com

December 27, 2022

Is XM Group better than IC Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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× XM Group

Trade Forex with Ultra Low Spreads

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(78.28% of retail CFD accounts lose money)

× IC Markets

True ECN Forex Spreads From 0.0 pips

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(74-89% of retail CFD accounts lose money)

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Overall RatingXM GroupIC Markets
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 86
Winner check_circle
Review XM Group Review IC Markets Review
RegulationXM GroupIC Markets
Trust Score 90 86
Year Founded 2009 2007
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes No info
Tier-1 Licenses 2 1
Tier-2 Licenses 1 1
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)XM GroupIC Markets
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)XM GroupIC Markets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupIC Markets
SCB Authorised (Bahamas) No Yes
FSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupIC Markets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 3583
Forex Pairs (Total) 57 61
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostXM GroupIC Markets
Average Spread EUR/USD - Standard 1.6 info 0.62 info
All-in Cost EUR/USD - Active 0.8 info 0.62 info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingXM GroupIC Markets
Minimum Deposit $5 $200
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsXM GroupIC Markets
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader No Yes
DupliTrade No No
ZuluTrade No Yes
Trading Platforms Gallery (click to expand)
XM Cyprus MT5 desktop trading platformzoom_in XM Cyprus MT5 desktop trading platform order windowzoom_in XM Cyprus MT5 desktop trading platform watchlistzoom_in
IC Markets EU cTrader desktop trading platformzoom_in IC Markets EU cTrader desktop trading platform chartszoom_in IC Markets EU cTrader desktop trading platform layoutzoom_in IC Markets EU cTraderzoom_in IC Markets EU cTrader copy web strategy detailzoom_in IC Markets EU cTrader desktop trading platform Autochartist signalszoom_in IC Markets EU cTrader desktop trading platform news headlineszoom_in IC Markets EU cTrader desktop trading platform watchlistzoom_in IC Markets EU MT5 desktop trading platformzoom_in IC Markets EU MT5 desktop trading platformzoom_in
Trading ToolsXM GroupIC Markets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingXM GroupIC Markets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
XM MetaTrader 5 mobile trading appzoom_in XM MetaTrader 5 mobile trading app chartszoom_in XM MetaTrader 5 mobile trading app contract specificationszoom_in XM MetaTrader 5 mobile trading app economic calendarzoom_in XM MetaTrader 5 mobile trading app trade ticketzoom_in XM MetaTrader 5 mobile trading app watchlistzoom_in
IC Markets cTrader mobile app chartingzoom_in IC Markets cTrader mobile app watchlistzoom_in IC Markets cTrader mobile app order windowzoom_in IC Markets MT5 mobile trading appzoom_in IC Markets MT5 mobile trading app chartszoom_in IC Markets MT5 mobile trading app contract specificationszoom_in IC Markets MT5 mobile trading app economic calendarzoom_in IC Markets MT5 mobile trading app watchlistzoom_in
ResearchXM GroupIC Markets
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
XM global research web sentiment datazoom_in XM MT5 signals marketzoom_in XM research trading signals analyzerzoom_in XM research economic calendarszoom_in XM research articles market news and analysiszoom_in XM research articleszoom_in
IC Markets research hubzoom_in IC Markets cTraderCopyzoom_in IC Markets cTraderCopy example strategieszoom_in IC Markets Vimeo channel uploadszoom_in IC Markets videos Vimeo channelzoom_in IC Markets research technical outlook and review blog articlezoom_in
EducationXM GroupIC Markets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) No Yes
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Education Gallery (click to expand)
XM educational videos playlistzoom_in XM TV videoszoom_in XM research podcastzoom_in
IC Markets YouTube channel educational videoszoom_in IC Markets archived webinars YouTube videozoom_in IC Markets Vimeo channel educational videoszoom_in
Major Forex PairsXM GroupIC Markets
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review XM Group Review IC Markets Review
OverallXM GroupIC Markets
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 90 86
Winner check_circle
Review XM Group Review IC Markets Review
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XM Group vs IC Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs IC Markets.

Does XM Group or IC Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is XM Group or IC Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. XM Group holds 2 global Tier-1 licenses, while IC Markets holds 1. Both XM Group and IC Markets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, XM Group earned a higher Trust Score than IC Markets.

Which trading platform is better: XM Group or IC Markets?

To compare the trading platforms of both XM Group and IC Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, XM Group offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and IC Markets offer MetaTrader 4 (MT4).XM Group and IC Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while XM Group has 1372 available CFDs, a difference of 2211.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Overall winner: XM Group

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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