Categories
XM vs IC Markets - Which Forex/CFD broker has better trading conditions?
Comparing the services of XM (XM Global and XM Trading) and IC Markets. Which Forex broker has a better condition for traders?
The article compares two online trading platforms, IC Markets and XM, based on various criteria such as trading platforms, mobile applications, asset range, cost structure, and customer support.
IC Markets offers a diverse set of platforms including WebTrader, MT4, cTrader, IC Social, and ZuluTrade. It’s particularly known for tight spreads and has a commission of $3 USD per 100,000 USD traded on its cTrader platform. It covers seven financial markets including Forex, cryptocurrencies, and commodities, but does not offer ETFs or synthetic indices.
XM, on the other hand, focuses mainly on MT4 and MT5 platforms. It operates on a zero-commission basis but offers competitive spreads starting from 0.6 pips. XM covers eight financial markets and is unique in offering trading in ETFs.
Both brokers offer mobile trading apps compatible with Android and iOS. IC Markets offers a wider array of financial instruments on its mobile platform, including commodities, indices, stocks, futures, and bonds, in addition to Forex and cryptocurrencies. XM’s mobile app is more limited but still allows 24/7 trading in cryptocurrencies.
In terms of customer support, both IC Markets and XM offer swap-free accounts for Islamic traders and provide negative balance protection. IC Markets offers free VPS for traders exceeding 15 lots per month, while XM provides additional seasonal bonuses and trading contests.
Go to IC Markets Official Website
XM vs IC Markets – Which Broker is the better choise?
When it comes to online trading, the brokerage platform you choose makes a world of difference. Two leading platforms, IC Markets and XM, offer compelling services but also possess distinct features. This article aims to compare these services across various criteria.
1. Trading Platforms
IC Markets stands out for the diversity of trading platforms it provides. You have access to WebTrader, MT4, cTrader, IC Social, and ZuluTrade. Whether you’re a beginner or a pro, you’ll find a platform tailored to your needs. For instance, cTrader Web is highly user-friendly, yet it offers fast order execution, ideal for traders who like to trade on-the-go.
XM focuses on MT4 and MT5 platforms, keeping things simpler but no less efficient. Their WebTrader is also accessible for both PC and Mac without requiring any downloads.
2. Mobile Applications
Both brokers allow trading across various mobile platforms, which is increasingly important for traders on the move.
IC Markets offers an extensive mobile application, compatible with Android and iOS, covering Forex, CFDs on commodities, indices, stocks, futures, bonds, and even cryptocurrencies. They take pride in offering industry-leading tight spreads and boast 24/7 multilingual customer support.
XM also provides mobile applications compatible with both MT4 and MT5 platforms. While they cover fewer financial instruments compared to IC Markets, they also allow trading 24/7 but specifically in cryptocurrencies.
3. Asset Range
IC Markets provides access to 7 financial markets including Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, and energies. Their Forex offerings are especially competitive with raw spreads starting from 0.0 pips. They also allow for the trading of bonds and futures CFDs but don’t offer ETFs or synthetic indices.
XM one-ups IC Markets by offering 8 financial markets, including Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, and ETFs. However, XM doesn’t offer trading in bonds or synthetic indices.
4. Cost Structure
IC Markets is known for its tight spreads, especially in major and minor currency pairs like EUR/USD. While they don’t offer a deposit bonus, no-deposit bonus, or cashback rebates, they make up for it with lower costs. The commission on the cTrader platform is $3 USD per 100,000 USD traded. They offer maximum leverage of up to 1:1000.
XM operates on a zero-commission basis but offers competitive spreads starting from 0.6 pips. They offer attractive deposit and no-deposit bonuses along with cashback rebates and trading contests. XM offers flexible leverage between 1:1 – 1000:1, similar to IC Markets.
5. Customer Support and Extra Features
IC Markets offers swap-free accounts for Islamic traders and supports negative balance protection. It provides free VPS for traders exceeding 15 lots per month and has a wide variety of deposit and withdrawal methods with no additional fees.
XM also supports negative balance protection and provides swap-free accounts for Islamic traders. They extend the swap-free feature to everyone but only for trading in cryptocurrencies. XM also has seasonal bonuses and trading contests, providing additional incentives for traders.
Conclusion
In summary, both IC Markets and XM offer robust trading platforms and mobile solutions. While IC Markets tends to offer lower trading costs and a wider array of platforms, XM offers more bonuses and a broader range of financial markets. Your choice between the two will depend on what aspects are more pertinent to your trading needs.
Go to IC Markets Official Website
Are you interested in trading with XM?
| XM Zero | Standard | Micro | |
|---|---|---|---|
| Account Type | Forex | Forex | Forex |
| Trading Platform | MetaTrader4 (MT4), MetaTrader5 (MT5) | MetaTrader4 (MT4), MetaTrader5 (MT5) | MetaTrader4 (MT4), MetaTrader5 (MT5) |
| Minimum Deposit | $200 | $5 | $5 |
| Accout Currency | EUR, JPY, USD | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR | AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, ZAR |
| Execution Type | ECN (Market) | STP (Market) | STP (Market) |
| Leverage | 500:1 | 1000:1 | 1000:1 |
| Spread Type | Variable | Variable | Variable |
| Minimum Spread | from 0.0 pips | from 1 pips | from 1 pips |
| Trading Commission | $3.5/per Lot | N/A | N/A |
| Minimum Trading Lots | 0.1 | 0.01 | 0.001 |
| Maximum Trading Lots | 50 | 50 | 100 |
| Decimal Pricing | 5 | 5 | 5 |
| Margin Call % | 50% | 50% | 50% |
| Stop Out % | 20% | 20% | 20% |
| EA (Automated Trading) | Allowed | Allowed | Allowed |
| Scalping | Allowed | Allowed | Allowed |
| Hedging | Allowed | Allowed | Allowed |
| News Time | Allowed | Allowed | Allowed |
| PAMM/MAM | Available | Available | Available |
| Islamic (Swap Free) | Optional | Optional | Optional |
| Interest on Margin | None | None | None | Sign up | Open XM Zero Account | Open Standard Account | Open Micro Account |
Discover the limitless potentials of the foreign exchange market with XM, a global leader in online currency trading. Offering state-of-the-art technology, innovative tools, and top-notch services, XM sets a new paradigm in modern forex trading.
Here’s a closer look at what XM brings to the table:
Your Ideal Trading Partner – XM’s Unique Account Types
Whether you’re just starting or are an experienced trader, XM provides you with an account type tailored to your needs:
- XM Zero: For those who prioritize ultra-low spreads, this account starts with spreads from 0.0 pips and charges a trading commission of $3.5 per lot. With a minimum deposit of $200, it offers ECN (Market) execution with leverage up to 500:1.
- Standard: A highly versatile option for diverse trading strategies. With a minimal deposit of just $5, it offers variable spreads starting from 1 pip, STP (Market) execution, and a leverage as high as 1000:1.
- Micro: For micro traders and those who want to start small, the Micro account requires a minimum deposit of just $5, boasts spreads from 1 pip, and offers STP (Market) execution. It also provides a whopping leverage of 1000:1.
Unparalleled Features
- Cutting-edge Platforms: Trade on the globally recognized MetaTrader4 (MT4) and MetaTrader5 (MT5) platforms, ensuring you stay ahead in the fast-paced world of forex.
- Extensive Currency Options: Whether you’re interested in trading the major pairs or exotic currencies, XM caters to all your needs, supporting various account currencies.
- Flexibility in Trading: From allowing scalping, hedging to EAs (Automated Trading), XM lets traders execute their strategies without any hindrance.
- Educational Resources: Benefit from free access to forex market research, daily forex webinars, unlimited access to video tutorials, and daily forex market outlook, ensuring you’re always equipped with the latest market insights.
Diverse Trading Instruments
XM isn’t just about Forex. Spread your wings into:
- Crypto CFDs: Delve into the world of cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
- CFDs: Whether you’re looking at indices, commodities, or stocks, XM has it all. With CFDs on over 600 companies, you’re spoilt for choice.
- Metals and Energies: Expand your portfolio with CFDs on metals like Gold, Silver, and Palladium, and major energies like Oil and Gas.
Trust, Transparency, and Tech – The XM Promise
- Globally Renowned: With clients from over 190 countries and support in over 30 languages, XM’s footprint is truly global.
- Client-Centric: Size doesn’t dictate the quality of service at XM. Every client, regardless of their investment size, gets the same exceptional service.
- Transparent and Fair: No hidden terms. The transparent business model ensures that you get exactly what you’re promised.
- Quick and Efficient: With 99.35% of all trading orders executed in less than one second and a strict no re-quotes policy, XM ensures that your trades are executed without any hitches.
XM’s Legacy
Established in 2009, XM now boasts of over 10,000,000 clients. More than just numbers, it’s the trust and loyalty of the clients that has made XM a force to reckon with in the trading world. With a dedicated team of over 900 professionals, XM combines vast experience with an unparalleled focus on client satisfaction.
Why Choose XM?
In a market swamped with options, XM stands out for its commitment to providing a blend of technology and service that caters to both novice and experienced traders alike. Its rich heritage, focus on client satisfaction, and advanced trading platforms make XM a natural choice for anyone looking to excel in forex trading.
Embark on a rewarding journey in the world of forex with XM. Whether you’re trading currencies, commodities, or CFDs, XM ensures you’re always one step ahead.
Get started today and unlock the limitless potentials of forex trading with XM!
Are you interested in trading with IC Markets?
| Account Type | cTrader | Raw Spread | Standard |
|---|---|---|---|
| Commission (per lot) | $3.0 ($6.0 per lot roundturn) | $3.5 ($7.0 per lot roundturn) | $0.0 |
| Spreads from (pips) | 0.0 | 0.0 | 0.6 |
| Starting Deposit (USD) | $200 | $200 | $200 |
| Leverage | 1:1000 | 1:1000 | 1:1000 |
| Max. Position Orders per Account | 2000 | 200 | 200 |
| Server Location | London | New York | New York |
| Micro Lot Trading (0.01) | Available | Available | Available |
| Currency Pairs | 61 | 61 | 61 |
| Index CFD Trading | Available | Available | Available |
| Stop Out Level | 50% | 50% | 50% |
| One Click Trading | Available | Available | Available |
| Islamic Accounts | Available | Available | Available |
| Trading Styles Allowed | All | All | All |
| Order Distance Restriction | None | None | None |
| Programming Language | C# | MQL4 | MQL4 |
| Suitable For | Day Traders & Scalpers | EAs & Scalpers | Discretionary Traders |
| Account Type | Open cTrader Account | Open Raw Spread Account | Open Standard Account |
With the rapidly changing world of Forex trading, it’s paramount to associate with a trusted name. IC Markets, one of the world’s largest MetaTrader 4 Forex CFD providers, has distinguished itself by consistently delivering to traders what they truly seek.
Go to IC Markets Official Website
Experience Tailored Trading with IC Markets
IC Markets doesn’t believe in a one-size-fits-all approach. The platform has been developed with the trader in mind, ensuring that all the features and services cater to both novice and experienced traders. Whether you’re a scalper, hedger, or prefer automated trading, IC Markets has got you covered.
Open an account with IC Markets
Enjoy the Perks of Low Spreads
Their unwavering commitment is to offer traders the lowest spreads during all market conditions. This dedication has led them to significant investments in technology and in nurturing strong ties with some of the most reputable liquidity providers globally. Their
continued innovations guarantee the traders unparalleled conditions, making them stand out in the Forex industry.
Trade with IC Markets’ Tight Spreads
A Bridge to Superior Technology
IC Markets is always at the forefront of technological advancements. By collaborating with the leading trading technology firms, IC Markets promises not just superior but also seamless trading experiences. The platforms, complete with cutting-edge tools like Depth of Market (DoM), spread monitoring, ladder trading, and customized order templates, have been meticulously designed to suit traders’ varied needs. Furthermore, the mobile apps for iPhone and Android ensure you have the world of Forex trading right at your fingertips, optimized for on-the-go decisions.
Experience the difference with IC Markets
The Trust Pillar
Nothing beats trust and transparency in the volatile world of Forex trading. These are not just words but the very foundation of IC Markets. By providing raw spreads on the most renowned account type, IC Markets ensures there are no hidden charges, price manipulations, or restrictions. With IC Markets, what you see is what you get.
Regulation & Safety of Funds
Your money’s safety is the prime concern. IC Markets Global operates under the rigorous supervision of the Financial Services Authority of Seychelles (FSA). The strict adherence to capital requirements ensures that all client funds are segregated and held with leading international banks. At no point do they use these funds for operational expenses or other endeavors.
Diversified Range of Markets
At IC Markets, opportunities are vast. The handpicked range of products ensures traders have access to the most liquid and popular markets 24/7. From Forex CFDs, where traders can exploit the world’s most liquid financial market, to Indices CFDs, offering a bird’s eye view of the world’s largest equity markets, IC Markets has something for everyone. Not to mention, the offerings in Commodities, Stocks, Bonds, Cryptocurrencies, and Futures CFDs cater to a diverse trading portfolio.
Trading Platforms Like No Other
IC Markets offers three of the best trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. These platforms give traders direct access to the raw pricing, revolutionizing the way Forex trading is done.
Empowering Traders with Advanced Tools
IC Markets takes the capabilities of MetaTrader 4 to the next level by introducing advanced tools such as one-click trade modules, market depth, and a trade risk calculator. These additions enhance the trading experience, providing a competitive edge to the users.
Experience Trading with the IC Markets App
In this digital age, having the world of trading in your pocket is vital. The IC Markets mobile app, available on both Android and iOS, allows you to access global markets on the move. With a user-friendly interface, efficient fund management options, and 24/7 customer support, trading has never been this efficient.
Why Choose IC Markets?
The dedication to providing simple pricing, diverse Forex account types, and a plethora of products and platforms ensures that traders are always a step ahead. With spreads as low as 0.0 pips on the platforms and ultra-fast trade execution, IC Markets is truly the gateway to superior Forex trading.
In conclusion, with a reputation built on trust, advanced technology, and unwavering customer support, IC Markets stands tall as a beacon of excellence in the Forex trading universe. Whether you’re a newbie looking to dip your toes or a seasoned trader searching for advanced tools and superior execution, IC Markets is the platform for you. Join IC Markets and navigate the world of Forex trading with a trusted partner.
Go to IC Markets Official Website
FAQs to summarize the article
- What trading platforms are offered by IC Markets and XM?
- IC Markets provides WebTrader, MT4, cTrader, IC Social, and ZuluTrade.
XM focuses mainly on MT4 and MT5 platforms. - Do both brokers offer mobile trading applications?
- Yes, both IC Markets and XM offer mobile trading apps compatible with Android and iOS.
- How do the asset ranges of IC Markets and XM compare?
- IC Markets provides access to 7 financial markets excluding ETFs and synthetic indices.
XM provides access to 8 financial markets, including ETFs but excluding bonds and synthetic indices. - What is the cost structure for IC Markets?
- IC Markets offers tight spreads, no deposit bonuses, and a commission on the cTrader platform of $3 USD per 100,000 USD traded with leverage of up to 1:1000.
- What is the cost structure for XM?
- XM operates on a zero-commission basis with spreads starting from 0.6 pips and offers bonuses and rebates. They provide flexible leverage between 1:1 – 1000:1.
- How do IC Markets and XM support their clients?
- Both offer swap-free accounts for Islamic traders, negative balance protection, and multiple deposit/withdrawal methods. XM additionally offers seasonal bonuses and trading contests.
- What are some unique features of XM?
- XM offers three account types: XM Zero, Standard, and Micro. They provide MT4 and MT5 platforms, extensive currency options, free educational resources, and diverse trading instruments like Crypto CFDs, metals, and energies.
- Why might one choose XM as their broker?
- XM emphasizes its commitment to technology, client satisfaction, transparency, and quick trade execution. It boasts over 10 million clients and a dedicated team.
- What distinguishes IC Markets?
- IC Markets provides tailored trading experiences with emphasis on low spreads, advanced technology, and transparency. They offer varied trading platforms and advanced tools for traders.
- Is safety of funds ensured with IC Markets?
- Yes, IC Markets Global operates under the Financial Services Authority of Seychelles (FSA). Client funds are segregated and held with leading international banks.
- What trading platforms does IC Markets specifically offer?
- IC Markets offers MetaTrader 4, MetaTrader 5, and cTrader platforms with direct access to raw pricing.
- Why might one choose IC Markets as their broker?
- IC Markets provides simple pricing, diverse account types, products, platforms, low spreads, and fast trade execution. They emphasize trust, technology, and customer support.
- In conclusion, how do the two brokers compare?
- Both IC Markets and XM are robust in trading platforms and mobile solutions. IC Markets tends to have lower trading costs and a wider variety of platforms, while XM provides more bonuses and a broader range of financial markets. The choice depends on individual trading needs.
