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IG vs XM Group 2023

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Written by ForexBrokers.com

December 27, 2022

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

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Overall RatingIGXM Group
Overall Rating 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Trust Score 99 90
Winner check_circle
Review IG Review XM Group Review
Broker ScreenshotsIGXM Group
Trading Platforms Gallery (click to expand)
IG web trading platformzoom_in IG web trading order window trading form chartzoom_in IG web trading platform charts.zoom_in IG web trading platform signals Autochartistzoom_in IG web options trading platform options chainzoom_in IG web options trading platformzoom_in IG cryptocurrency watchlistzoom_in IG MT4 desktop trading platformzoom_in IG MT4 desktop trading platform chartszoom_in
XM Cyprus MT5 desktop trading platformzoom_in XM Cyprus MT5 desktop trading platform order windowzoom_in XM Cyprus MT5 desktop trading platform watchlistzoom_in
Research Gallery (click to expand)
IG Trading The Markets Podcastzoom_in IG Central Bank calendarzoom_in IG research special reports articleszoom_in IG research special reports articleszoom_in IG research IGTV daily analysis videoszoom_in IG research IGTV videoszoom_in IG research currency pair client sentimentzoom_in IG communityzoom_in IG community curated contentzoom_in IG daily fx research market analysis YouTube video detailzoom_in
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
Mobile Trading Gallery (click to expand)
IG trading mobile app chartingzoom_in IG trading mobile app watchlistzoom_in IG mobile app basic viewzoom_in IG trading mobile app signal centerzoom_in IG trading mobile app pattern recognition signalszoom_in IG trading mobile app news headlineszoom_in IG mobile app contract specificationszoom_in IG mobile app alertszoom_in IG mobile app trading toolszoom_in
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
Education Gallery (click to expand)
IG academy coursezoom_in IG daily fx educational articleszoom_in IG research education YouTube channel playlistzoom_in IG research videos market analysis YouTube playlistzoom_in IG daily fx educational articleszoom_in IG daily fx educational course progress trackingzoom_in IG daily fx YouTube playlist advanced educational videozoom_in IG daily fx YouTube playlist detailzoom_in IG educational webinars weeklyzoom_in IG educational academy course detailzoom_in
XM educational videos playlistzoom_in XM TV videoszoom_in XM research podcastzoom_in
RegulationIGXM Group
Trust Score 99 90
Year Founded 1974 2009
Publicly Traded (Listed) Yes No
Bank Yes No
European Union Authorised (MiFID) Yes info Yes
Tier-1 Licenses 7 2
Tier-2 Licenses 2 1
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)IGXM Group
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) Yes No
Singapore (MAS Authorised) Yes No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes Yes
USA (CFTC Authorized) Yes Yes
New Zealand (FMA Authorised) Yes No
Tier-2 Licenses (Average Trust)IGXM Group
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) No Yes
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) Yes No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) Yes No
Tier-3 Licenses (Low Trust)IGXM Group
Bahamas (SCB Authorised) No No
Belize (FSC Authorised) No Yes
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) Yes No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No No
Vanuatu (VFSC Authorised) No No
InvestmentsIGXM Group
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 19537 1429
Forex Pairs (Total) 100 55
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
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).
CostIGXM Group
Average Spread EUR/USD - Standard 0.86 info 1.6 info
All-in Cost EUR/USD - Active 0.5957 info 0.8 info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingIGXM Group
Minimum Deposit £250.00 $5
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIGXM Group
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) No Yes
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsIGXM Group
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 14 7
Charting - Indicators / Studies (Total) 33 30
Charting - Drawing Tools (Total) 20 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingIGXM Group
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 33 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchIGXM Group
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationIGXM Group
Education (Forex or CFDs) Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes No
Major Forex PairsIGXM Group
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 IG Review XM Group Review
OverallIGXM Group
Overall Rating 5/5 Stars 4.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Trust Score 99 90
Winner check_circle
Review IG Review XM Group Review
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IG vs XM Group 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 IG vs XM Group.

Does IG or XM Group 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, IG offers better pricing overall for traders.

Is IG or XM Group 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. IG holds 7 global Tier-1 licenses, while XM Group holds 2. IG holds 2 global Tier-2 licenses, while XM Group holds 1. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than XM Group.

Which trading platform is better: IG or XM Group?

To compare the trading platforms of both IG and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 IG and XM Group offer MetaTrader 4 (MT4).IG and XM Group both offer copy trading.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to XM Group's 55 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while XM Group has 1429 available CFDs, a difference of 18108.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

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).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Is XM Group good?

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

Overall winner: IG

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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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