IG vs XM 2026: which is better?
We compared IG and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- IG holds 10 licences from strong regulators, against 0 for XM.
- The minimum deposit at IG is $0, against $5 at XM.
- IG offers TradingView, Web Trader, which XM does not.
- XM offers a swap-free Islamic account; IG does not.
- XM offers copy trading; IG does not.
Comparison table
| Comparison table |
IG
Broker
|
XM
Broker
|
|---|---|---|
| Licences | FCA, ASIC, DFSA, CFTC, NFA, MAS, FINMA, BaFin, JFSA, FMA, FSCA, BMA Best | FSC |
| Minimum deposit | $0 Best | $5 |
| Maximum leverage | 1:200 | 1:1000 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App, ProRealTime, L2 Dealer | MetaTrader 4, MetaTrader 5, Mobile App, XM App |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices, ETFs | Forex, Stocks, Commodities & gold, Indices, ETFs |
| Islamic account | — | ✓ Yes |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✗ No | ✓ Yes |
| Founded | 1974 | — |
| Headquarters | London, United Kingdom | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose IG if you
- want more licences from strong regulators
- want to start with less money
- use TradingView, Web Trader
Choose XM if you
- need a swap-free Islamic account
- want to copy other traders
Frequently asked questions
Which is better, IG or XM?
We compared IG and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. IG holds 10 licences from strong regulators, against 0 for XM. The minimum deposit at IG is $0, against $5 at XM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are IG and XM regulated?
IG licences: FCA, ASIC, DFSA, CFTC, NFA, MAS, FSCA, FINMA, BaFin, JFSA, FMA, BMA. XM licences: FSC.
What is the minimum deposit at IG and XM?
IG: $0. XM: $5.
Do IG and XM offer an Islamic account?
IG: No. XM: Yes.