XM
XM Group
8.7
Excellent for beginners with generous bonuses and comprehensive education.
Winner: IC Markets
VSIC
IC Markets
9.2
Ultra-low spreads with true ECN execution, ideal for scalpers and algo traders.
Quick Verdict
XM Group and IC Markets are both top-tier forex brokers, but they cater to slightly different audiences.XM Group excels in platform variety and educational resources, while IC Markets stands out for its regulatory coverage. 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 | XM Group | IC Markets |
|---|---|---|
| Min Deposit | $5 | $200 |
| Max Leverage | 1:888 | 1:500 |
| Spread From | 0.6 pips | 0.0 pips |
| Platforms | MT4, MT5 | MT4, MT5, cTrader |
| Regulators | CySEC, ASIC, IFSC | ASIC, CySEC, FSA |
| Account Types | Micro, Standard, XM Ultra Low | Raw Spread, Standard |
| Founded | 2009 | 2007 |
| Headquarters | Limassol, Cyprus | Sydney, Australia |
| Overall Rating | 8.7 | 9.2 |
Score Breakdown
Fees
A7.8
B9.5
Platforms
Regulation
Support
Education
Execution
XM Group IC Markets
When to choose XM Group
- Very low minimum deposit of $5
- Extensive educational resources and webinars
- Generous welcome bonus for new traders
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