Comparison of IFC Markets and XM
| Feature | IFC Markets | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2009 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant, Market | Market |
| Regulation | BVIFSC, LFSA, CySEC | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), NetTradeX | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:400 | 1:1000 |
| Minimum Deposit | $1 | $5 |
| Base Currencies | USD, EUR, JPY, BTC | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Webmoney, Volet.com, Perfect Money, Bitcoin (BTC), Tether (USDT), Ethereum (ETH) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | ✖ | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | IFC Markets Review | XM Review |
About IFC Markets
IFC Markets is a globally recognized forex and CFD broker renowned for its commitment to providing a secure and user-friendly trading environment. Established with a focus on transparency and regulatory compliance, IFC Markets offers a diverse range of trading instruments, including major and exotic currency pairs, commodities, indices, and cryptocurrencies. Traders can access the platform through popular interfaces like MetaTrader 4, MetaTrader 5, and the proprietary NetTradeX, catering to both novice and experienced investors. With competitive spreads, flexible leverage options, and a suite of educational resources, IFC Markets strives to empower traders with the tools and knowledge necessary to navigate the dynamic financial markets effectively.
Pros
- Licensed and regulated by reputable financial authorities
- Offers a wide array of assets
- Access to MetaTrader 4, MetaTrader 5, and a proprietary trading paltform
- Comprehensive educational materials
- Responsive and multilingual customer service available through various channels
Cons
- Services may not be available in certain countries due to regulatory limitations
- High swaps
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
IFC Markets & XM Regulation
| Feature | IFC Markets | XM |
|---|---|---|
Companies | IFCMARKETS CORP, IFC MARKETS LIMITED, IFCM Cyprus Ltd | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | British Virgin Islands, Malaysia, Cyprus | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | BVIFSC, LFSA, CySEC | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | IFC Markets | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard Floating | Standard |
| Min Deposit | $1000 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.4 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:200 | 1:1000 |
| Stop Out | 10% | 20% |
| Margin Call | 100% | 50% |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $1000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $10 per 1 lot | — |
| Max Leverage | 1:200 | — |
| Stop Out | 10% | — |
| Margin Call | 100% | — |
Fix Spread Account | ||
| Account Name | Standard Fixed | — |
| Min Deposit | $1000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Fixed | — |
| Execution | Instant | — |
| Min Spread | 1.8 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 10% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | Micro | Micro |
| Min Deposit | $1 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Instant | Market |
| Min Spread | 0.4 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:400 | 1:1000 |
| Stop Out | 10% | 20% |
| Margin Call | 100% | 50% |
Crypto Account | ||
| Account Name | Standard Crypto | — |
| Min Deposit | $1000 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.4 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 10% | — |
| Margin Call | 100% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | IFC Markets | XM |
|---|---|---|
Base currencies | USD, EUR, JPY, BTC | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Webmoney, Volet.com, Perfect Money, Bitcoin (BTC), Tether (USDT), Ethereum (ETH) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $15 after 12 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | IFC Markets | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), NetTradeX | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Assets
| Asset | IFC Markets | XM |
|---|---|---|
Currencies | 53 | 55 |
Indices | 12 | 50 |
Stocks | 461 | 1307 |
Cryptocurrencies | 14 | 58 |
Bonds | 0 | 0 |
Metals | 7 | 3 |
Energies | 4 | 3 |
Soft Commodities | 16 | 8 |
ETFs | 4 | 0 |
Education and Analytics
| Feature | IFC Markets | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | IFC Markets | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
Contests
| Feature | IFC Markets | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | IFC Markets | XM |
|---|---|---|
Email | support@ifcmarkets.com | support@xm.com |
Phone | +442039661649 | +5012236696 |
Telegram | Telegram | — |
Facebook | — | |
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Which Broker is Better?
After comparing IFC Markets and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.