IC
IC Markets
9.2
Ultra-low spreads with true ECN execution, ideal for scalpers and algo traders.
Winner: IC Markets
VSXM
XM Group
8.7
Excellent for beginners with generous bonuses and comprehensive education.
Quick Verdict
IC Markets and XM Group are both top-tier forex brokers, but they cater to slightly different audiences.IC Markets excels in execution speed and raw pricing, while XM Group stands out for its competitive fee structure. For scalpers and algo traders, IC Markets is the better choice. For traders who value platform flexibility, IC Markets has the edge.
Full Comparison
| Feature | IC Markets | XM Group |
|---|---|---|
| Min Deposit | $200 | $5 |
| Max Leverage | 1:500 | 1:888 |
| Spread From | 0.0 pips | 0.6 pips |
| Platforms | MT4, MT5, cTrader | MT4, MT5 |
| Regulators | ASIC, CySEC, FSA | CySEC, ASIC, IFSC |
| Account Types | Raw Spread, Standard | Micro, Standard, XM Ultra Low |
| Founded | 2007 | 2009 |
| Headquarters | Sydney, Australia | Limassol, Cyprus |
| Overall Rating | 9.2 | 8.7 |
Score Breakdown
Fees
A9.5
B7.8
Platforms
Regulation
Support
Education
Execution
IC Markets XM Group
When to choose IC Markets
- Ultra-low spreads from 0.0 pips
- True ECN execution with deep liquidity
- Wide range of platforms including cTrader
- Fast execution speeds under 40ms
When to choose XM Group
- Very low minimum deposit of $5
- Extensive educational resources and webinars
- Generous welcome bonus for new traders