IG Group vs XM
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Side-by-Side Comparison
Customer Support & Reputation
IG Group winsIG Group has a slight edge in customer support and overall reputation. It holds an EntryLab rating of 4.70/10. XM scores 4.60/10 on our platform, which is respectable but trails behind.
IG Group4.70
XM4.60Leverage & Instruments
XM winsXM offers greater trading power with maximum leverage of 1:1000 offshore / 1:30 EU & AU. This gives active traders more flexibility to size positions. IG Group caps leverage at 1:222 professional / 1:30 EU retail, which may limit scalability for experienced traders looking for higher exposure.
IG Group1:222 professional / 1:30 EU retailXM1:1000 offshore / 1:30 EU & AUDeposit & Withdrawal
IG Group winsXM supports a wider range of deposit and withdrawal options. It accepts Cards, Bank Transfer, Skrill, Neteller, SticPay, Crypto (USDT/USDC), including cryptocurrency, giving traders more flexibility. IG Group offers Bank Transfer, Visa/Mastercard, PayPal, Wire Transfer, which may not suit all traders.
IG Group$0 (no minimum for card/PayPal, $300 for bank transfer)XM$5Platforms & Tools
IG Group winsIG Group provides a broader range of trading platforms. It supports IG Platform, MT4, ProRealTime, L2 Dealer, giving traders more flexibility in how they access the markets. XM offers MT4, MT5, XM App, which covers the essentials but falls short on variety.
IG GroupXMRegulation & Safety
IG Group winsWhen it comes to regulation, IG Group holds the edge. IG Group is regulated by FCA 195355, ASIC 220440, BaFin, FINMA, MAS, FSCA, FMA, CFTC/NFA (US), a top-tier authority, while XM operates under CySEC 120/10, ASIC 443670, DFSA F003484, FSC Belize 000261/309. For traders who prioritise safety and fund protection, IG Group is the stronger choice in this category.
IG GroupXMTrading Costs
IG Group winsIG Group and XM are evenly matched on trading costs. Both offer comparable spreads and commissions, so this category comes down to your specific account type and trading volume.
IG Group0.6 pips (Standard) / DMA pricing availableXM0.6 pips (Standard) / 0.0 + $3.5 commission (Zero)Account Types & Min Deposit
IG Group winsXM is the more accessible choice for traders getting started. With a minimum deposit of $5, it requires less capital to open an account than IG Group, which requires $0 (no minimum for card/PayPal, $300 for bank transfer). Lower barriers to entry make XM the winner in this category.
IG Group$0 (no minimum for card/PayPal, $300 for bank transfer)XM$5Ready to Choose?
Frequently Asked Questions
Is IG Group better than XM?
IG Group and XM are closely matched overall, with neither broker winning outright. The better choice depends on which features matter most to you.
Which has lower spreads, IG Group or XM?
Both brokers offer similar spread levels. IG Group charges 0.6 pips (Standard) / DMA pricing available and XM charges 0.6 pips (Standard) / 0.0 + $3.5 commission (Zero).
Is IG Group safer than XM?
IG Group is regulated by a higher-tier authority. IG Group is regulated by FCA 195355, ASIC 220440, BaFin, FINMA, MAS, FSCA, FMA, CFTC/NFA (US), while XM is regulated by CySEC 120/10, ASIC 443670, DFSA F003484, FSC Belize 000261/309.
Can I use MT5 with both IG Group and XM?
IG Group supports IG Platform, MT4, ProRealTime, L2 Dealer and XM supports MT4, MT5, XM App. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, IG Group or XM?
XM has the lower minimum deposit requirement. IG Group requires $0 (no minimum for card/PayPal, $300 for bank transfer) while XM requires $5.
Is IG Group regulated?
Yes, IG Group is regulated by FCA 195355, ASIC 220440, BaFin, FINMA, MAS, FSCA, FMA, CFTC/NFA (US). Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, IG Group or XM?
Both brokers offer beginner-friendly features. We recommend comparing their educational resources and account types to find the best fit.