Interactive Brokers vs XM 2026: which is better?
We compared Interactive Brokers and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Interactive Brokers holds 10 licences from strong regulators, against 0 for XM.
- The minimum deposit at Interactive Brokers is $0, against $5 at XM.
- Interactive Brokers offers Web Trader, TradingView, which XM does not.
- XM offers a swap-free Islamic account; Interactive Brokers does not.
- XM offers copy trading; Interactive Brokers does not.
- XM offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not.
Comparison table
| Comparison table |
Interactive Brokers
Broker
|
XM
Broker
|
|---|---|---|
| Licences | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best | FSC |
| Minimum deposit | $0 Best | $5 |
| Maximum leverage | 1:30 | 1:1000 |
| Trading platforms | Trader Workstation, IBKR Desktop, Client Portal, IBKR GlobalTrader, Web Trader, Mobile App, TradingView | 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 | — | ✓ Yes |
| Founded | 1977 | — |
| Headquarters | Greenwich, United States | — |
| 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 Interactive Brokers if you
- want more licences from strong regulators
- want to start with less money
- use Web Trader, TradingView
Choose XM if you
- need a swap-free Islamic account
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Interactive Brokers or XM?
We compared Interactive Brokers and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Interactive Brokers holds 10 licences from strong regulators, against 0 for XM. The minimum deposit at Interactive Brokers 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 Interactive Brokers and XM regulated?
Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS. XM licences: FSC.
What is the minimum deposit at Interactive Brokers and XM?
Interactive Brokers: $0. XM: $5.
Do Interactive Brokers and XM offer an Islamic account?
Interactive Brokers: No. XM: Yes.