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 4 global Tier-1 licenses, while IC Markets holds 2. XM Group holds 1 global Tier-2 licenses, while IC Markets holds 0. In our analysis of 23 international regulators across 50 brokers, XM Group (88) earned a higher Trust Score than IC Markets (84).
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 55 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while XM Group has 1429 available CFDs, a difference of 2154.
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), European Union Authorized (MiFID), 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 two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and European Union Authorized (MiFID).
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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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.