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VS field	XM xm.com Forex BrokerCFD BrokerStock CFD	IC Markets icmarkets.com Forex BrokerMulti Asset BrokerStock CFD
Decision summary
Overall score

Trust score	80	99

Cost score	73	85

Platform score	92	94

Withdrawal score	83	86

Best for	Established forex/CFD broker with low entry cost and broad markets. Good demo candidate but not ready for public without resolving entity/regulator and inactivity-fee conflicts.	Experienced forex/CFD traders · Scalpers, day traders and algorithmic traders comfortable with high-risk leveraged products · Users who specifically need MT4/MT5, cTrader or Tradi…

Watch out	Official extracted regulation page only showed FSC Belize · Inactivity fee evidence conflicts · Restrictions and investor compensation are entity-dependent	Long-term investors seeking physical stocks/ETFs · Beginners who need strong statutory investor compensation or negative balance protection · Residents of restricted countries or…

Trust & regulation
Regulators	Official xm.com page confirms FSC Belize for XM Global Limited; review source lists ASIC, CySEC, DFSA, FSCA, SCA, FSA, FSC Belize/Mauritius, CMA Kenya/UAE. Source	Financial Services Authority of Seychelles (FSA) Source
License numbers	XM Global Limited FSC Belize license 8557558; wider group license examples include CySEC 120/10 and DFSA F003484 from review/search evidence. Source	Securities Dealer license number SD018 Source
Regulated entities	XM Global Limited and Trading Point group entities; exact entity assignment depends on client residency. Source	Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018. Source
Negative balance protection	All accounts offer negative balance protection per official account-types page. Source	No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance. Source
Investor compensation	Entity-dependent; eligible CySEC/EEA retail clients may access Cyprus ICF up to €20,000 per review evidence, but global XM.com entity differs. Source	Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources. Source
Restricted countries	UK clients reportedly no longer accepted; restrictions vary by entity/residency and were not fully captured from official source. Source	Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation. Source

Trust & regulation

Regulators

Official xm.com page confirms FSC Belize for XM Global Limited; review source lists ASIC, CySEC, DFSA, FSCA, SCA, FSA, FSC Belize/Mauritius, CMA Kenya/UAE.

Costs & account conditions
Minimum deposit	Standard $5, Ultra Low $5, Shares $10,000. Source	No minimum deposit requirement disclosed for opening a trading account. Source
Spread from	Spreads from 0.8 pips on homepage; Zero account from 0.0 pips according to review source. Source	Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip. Source
Commission	Homepage says no commissions/no hidden costs; costs can vary by account/entity and Zero account may differ by review source. Source	Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side. Source
Maximum leverage	Leverage offered; exact max varies by regulator/entity/account, EU retail protections cap major FX at 1:30 per review. Source	IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time. Source
Deposit fee	No deposit fees reported by review source; official homepage says no hidden costs. Source	IC does not charge additional deposit fees; bank/intermediary fees may apply. Source
Withdrawal fee	No withdrawal fees claimed on homepage/review evidence; method/provider exceptions may apply. Source	IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths. Source
Inactivity fee	Review evidence varies: $5 after 90 days in one source; $15 then $10/month in another. Mark conflicting. Source	No account inactivity fees. Source

Markets, platforms & payments
Tradable assets	1,400+ global assets including forex, stock derivatives, commodities, indices, precious metals and energies. Source	Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs. Source
Trading platforms	MT4, MT5, XM App; TradingCentral noted by review source. Source	MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade. Source
Account types	Standard, Ultra Low, Shares, demo; Islamic option as standard. Source	Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries. Source
Deposit methods	Credit/debit cards, Skrill, Neteller, wire transfer, Perfect Money, Apple Pay, Google Pay, TransferWise, Visa, M-Pesa, Airtel per review source. Source	Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency. Source
Withdrawal methods	Withdrawals approved automatically for 92.9% per official homepage; methods vary by region/payment provider. Source	Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal. Source
Withdrawal processing time	Instant withdrawals claimed; 92.9% withdrawals approved automatically; actual timing varies by payment method. Source	Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method. Source

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