Broker Comparison

XM vs Ic Markets: Which Is Better?

A quick comparison between XM and Ic Markets across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
Tie

Best overall based on rating, usability, fees, and account access.

Overall
Tie
Beginners
XM
Spreads
Ic Markets

XM

Low deposit

4.5out of 5
XM
Minimum Deposit
$5
Islamic Account
Available
Trading Platforms
MT4 | MT5

Ic Markets

Low spreads

4.5out of 5
Ic Markets
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView
Final Verdict

Which broker is better: XM or Ic Markets?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
Tie

Best balance between rating, fees, trust, and usability.

Beginners
XM
Spreads
Ic Markets
Deposit
XM
Quick Summary

If you want the stronger overall choice, Tie looks more suitable here. For beginners, the closer choice is XM. For lower spreads and active trading, Ic Markets looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between XM and Ic Markets

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: TieBeginners: XM

Safety & Trust

Reflects regulation strength and client fund protection.

Close
XM4.5 / 5
Ic Markets4.5 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Better: Ic Markets
XM4.0 / 5
Ic Markets4.8 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
XM4.5 / 5
Ic Markets4.7 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Better: XM
XM5.0 / 5
Ic Markets4.3 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
XM4.5 / 5
Ic Markets4.4 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between XM and Ic Markets.

Quick Summary
Ic Markets

Ic Markets looks stronger in terms of cost or spreads.

XM Accounts
4
Ic Markets Accounts
5
Beginners
XM
Factor
XM
Ic Markets
Main Account
Micro
Standard
Min Deposit
$5
$200
Spread
1.0 – 1.5
0.8 - 1.0
Commission
$0
$0
Execution
Market Execution
Market Execution

XM Accounts

4 available accounts

Micro
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Standard
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Ultra Low
Spread
0.6 – 1.0
Commission
$0
Deposit
$5
Execution
Market Execution
Zero
Spread
0.0 – 0.3
Commission
$7 per lot
Deposit
$5
Execution
Market Execution

Ic Markets Accounts

5 available accounts

Standard
Spread
0.8 - 1.0
Commission
$0
Deposit
$200
Execution
Market Execution
Raw Pro+
Spread
0.0 - 0.1
Commission
$1 per lot
Deposit
$200
Execution
Market Execution
Raw Pro
Spread
0.0 - 0.1
Commission
$1.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread
Spread
0.0 - 0.3
Commission
$3.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread (cTrader)
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$200
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
Tie

The strongest overall choice based on this comparison.

Beginners
XM
Costs
Ic Markets
Short Decision

Choose Tie if you want the strongest overall option. For an easier start, the closer choice is XM.

FAQs

Questions About XM and Ic Markets

Key questions before opening an account.

XM
Ic Markets

Is XM Zero account really cheaper than Standard accounts?

XM Zero offers spreads starting from 0.0 pips, but charges a commission of about $7 per lot round turn. In contrast, Standard accounts include costs in spreads starting around 1.0–1.5 pips, making Zero accounts more suitable for active traders.

What is the real spread on XM accounts in live trading?

XM Standard and Micro accounts typically have spreads between 1.0 to 1.5 pips, while Ultra Low accounts offer tighter spreads from around 0.6 pips. These spreads are variable and can increase during volatility.

Does XM use market execution or instant execution?

XM mainly uses Market Execution across its account types, allowing trades to be executed at the best available price without requotes, but with possible slippage during fast markets.

What are the typical spreads on IC Markets accounts like Standard and Raw?

On IC Markets, Standard accounts usually have spreads starting from around 0.8 to 1.0 pips, while Raw Spread accounts offer spreads from 0.0 pips with a commission, making them more suitable for active trading strategies.

How much commission does IC Markets charge on Raw accounts?

IC Markets charges around $3.5 per lot on MetaTrader Raw Spread accounts, while cTrader accounts typically have a lower commission of about $3 per 100k traded.

What is the minimum deposit required to open an IC Markets account?

The minimum deposit on IC Markets is generally $200 across most account types, which is higher than some brokers and may not be ideal for traders starting with small capital.

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