XM Group and IG are top online brokers offering many platforms and assets. XM is a MetaTrader broker with beginner-friendly tools. This broker has top-tier licenses from the FCA, ASIC, CySEC, and IFSC. XM provides leading educational content, including tutorial videos. It is a top choice for new investors who want to improve their trading knowledge.
IG offers well-designed and customizable trading platforms. It has impressive educational materials for traders at all levels. IG has top-tier licenses from the FCA and BaFin.
Both online brokers have advantages and disadvantages. This article discusses the differences between XM Group and IG.
|Broker Name||XM Group||IG|
|Regulation||ASIC, FCA, CySEC, IFSC||FCA, BaFin|
|Tradable Assets||Forex, CFD||Forex, CFDs|
|Platforms||MT4, MT5||Web, Desktop, Mobile|
|Deposit||Free of charge||Free of charge|
|Withdrawals||Free of charge||Free of charge|
Top findings from the XM Group vs. IG review:
- XM is a leading online broker with beginner-friendly services.
- IG offers reliable learning tools and easy-to-understand platforms.
- Both brokers offer a virtual trading account to test their offering.
We recommend XM and IG to beginner investors. Both brokers offer access to many educational materials and straightforward platforms.
Level of experience
XM Group is a MetaTrader-only broker with access to the MT4 and MT5 suites. It offers investor trading support and a demo account. This broker is an excellent choice for beginner traders as it has comprehensive research and educational tools.
IG has a professional web platform with useful educational and research tools. It offers access to many learning resources, including training videos and a virtual trading account. IG has both user-friendly and advanced research tools. We recommend this broker for traders at all levels, especially beginners.
The minimum deposit fee at XM starts at $5. IG has a minimum deposit of £250. The average EUR/USD spread at XM is 1.6, while at IG is 0.74. Both brokers have a transparent fee structure.
IG has 104 forex currency pairs, while XM has 57 available pairs. IG provides access to 19537 CFDs, while XM has 1372 available CFDs.
XM offers the MT4 and MT5 suites, but it doesn’t have a proprietary platform. These suites are customizable and user-friendly. XM provides access to a comprehensive research center with articles and trading signals. This broker is a good choice for new traders as it has diverse educational content.
IG offers some of the best trading platforms for both new and experienced traders. It has a web and mobile platform with a straightforward design and secure authentication. IG has a leading learning center with trading videos and webinars.
Banking services are essential for a smooth online trading experience. XM has bank transfers, credit/debit cards, and Skrill. IG offers bank transfers, credit/debit cards, and PayPal.
XM Group and IG are top online brokers. Both have strengths and weaknesses depending on your needs and goals. These brokers provide access to beginner-friendly services and excellent educational content. We recommend XM and IG to traders at all levels of experience.
XM compared to other brokers:
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.