Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
XM
$5.00Tightest Spreads
XM
From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard pipsHighest Leverage
XM
1:Up to 1:1000Best Rated
XM
Mobile Trading
Both
✓✓General Information
IC Markets
Regulation
Founded
N/A
Headquarters
IC Markets operates globally, with entities regulated in Australia, Cyprus, and Seychelles.
Overall Rating
XM
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Founded
N/A
Headquarters
Cyprus
Overall Rating
Trading Conditions
| Feature | IC Markets | XM |
|---|---|---|
| Minimum Deposit | $200.00 | $5.00 |
| Average Spreads | Starts from 0.0 | From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard |
| Maximum Leverage | 1:500 | Up to 1:1000 |
| Commission | None | None |
Account Types
IC Markets
XM
Platforms & Tools
IC Markets
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
XM
MetaTrader 4, MetaTrader 5
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
IC Markets
Deposit Methods
IC Markets supports deposits via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Most are instant, while bank wires take 2-5 days. No deposit fees, but third-party charges may apply.
Withdrawal Methods
IC Markets offers withdrawals via Bank Wire, Credit/Debit Cards, PayPal, Skrill, Neteller, UnionPay, FasaPay, Crypto, and Local Bank Transfers. Processing times vary, with most methods taking 1-2 business days. No withdrawal fees, but third-party charges may apply.
Withdrawal Fee
None
XM
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Withdrawal Fee
None
Support
IC Markets
Support Languages
English, Simplified Chinese, Thai, Indonesian, Korean, German, French, Spanish, Vietnamese, Russian, Arabic, Italian, Bulgarian, Croatian, Traditional Chinese.
Support Channels
24/7 support via live chat, email, and phone.
Account Manager
Available
XM
Support Languages
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Support Channels
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Account Manager
Not Available
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