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IC Markets and XM: Who has the better spread advantage?

The spread between IC Markets and XM may vary depending on the specific account type and market conditions。

The spread between IC Markets and XM may vary depending on the specific account type and market conditions。

Both IC Markets and XM are the most renowned forex brokers in the industry who welcome traders of all trading styles and backgrounds with fast execution capabilities。However, the point difference between IC Markets and XM is better?

In general, IC Markets has the lowest spreads, but in terms of overall fees (spreads and commissions), XM is better。However, the spreads offered by forex brokers may vary depending on the specific account type and market conditions。Since we cannot monitor global spread fluctuations in real time, we can only compare the spread available rules between IC Markets and XM brokers。Let's take a closer look。

IC Markets 和 XM:谁具有更好的点差优势?

How to spread IC Markets?

IC Markets has long offered the lowest spreads of any Forex broker in the world through its original spread account.。On the MetaTrader and cTrader platforms, the original spread is from 0.Starting at 0, the EUR / USD average spread is as low as 0.1 point, currently one of the lowest spreads in the world。

The lowest spread of IC Markets:

  • Original Spread Account (cTrader): 0.0 point
    Original Spread Account (Metatrader): 0.0 point
    Standard account (cTrader): 0.6 o'clock

The ability of IC Markets to continuously find the best deals for its clients and maintain small spreads by combining quotes from up to 25 different liquidity providers has greatly benefited traders, especially during periods of extreme volatility, such as the period following a high impact event.。

Depth of Market (DOM) of IC Markets also shows the entire executable price range directly from secondary liquidity providers。It achieves full transparency for each currency pair by showing the volume of transactions currently available at each price level。At the same time, low latency and high liquidity ensure the narrowest possible spread of 24 / 5。

However, all this is not cheap。IC Markets charges $3 per 100,000 in cTrader.$0 commission, charged in Metatrader per $100,000 3.$5 commission。It's not the most expensive in the industry, but it's also not the most affordable。

If you are not interested, you can choose a standard account。IC Markets' standard account charges zero commission per side per lot, but the spread is relatively high, starting at 0.6 o'clock。


IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

How about XM spread?

XM Broker offers three types of trading accounts for forex traders: Micro, Standard and Ultra Low。XM's ultra-low account spreads can be as low as 0.6 points, micro and standard account spreads can be as low as 1 point。

All this is free of commission。So you can open an account with XM and enjoy cheaper transaction costs。

XM minimum spread:

  • Micro account: 1 point
    Standard account: 1 point
    XM Ultra Low Account: 0.6 o'clock
    Stock Account: Based on the Underlying Exchange

Despite the affordable price, it is important to note that XM is not an ECN broker and does not offer DOM。This means that XM's environment may be more suitable for beginners, who will benefit from a simpler trading platform, rather than experienced traders seeking greater transparency.。

Keep in mind that XM's status as a marketer does not mean that it is not competitive.。Due to its low minimum deposit requirements and competitive prices, XM is still loved by more than 3.5 million customers in more than 200 countries.。


XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits. More experienced traders.。Even a penny trading environment for traders if they choose to register under a micro account。

for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。For example, traders in Indonesia can access XM through this link。

Conclusion

IC Markets and XM apply floating spreads equally to all account types, but implement different pricing structures。

IC Markets have the lowest spreads, while XM's overall fees are cheaper。Therefore, traders are advised to choose the one that best suits their trading style and available funds。

Check out their respective demo accounts to see how their spreads work in a real market environment, and consider other aspects such as the trading platform, customer support and the overall reputation of the broker。

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.