Page Summary
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.
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XM
IG Trading
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | $18 |
| Forex (EUR/USD) | 1.6 pips | 0.6 pips |
| Stocks & ETF | 0,1% – (min $5) | 0.3 pips |
| CFD (Gold) | 3 pips | 0.3 pips |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $5500 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 1000 |
| ETF & Funds | 0 | 1000 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 80 |
| CFD Indices & Funds | 14 | 80 |
| CFD Stocks | 1286 | 12000 |
| CFD Commodities | 14 | 6 |
| CFD Crypto | 5 | 10 |
| CFD Bonds | 0 | 12 |
| Binary Options | 0 | 100 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
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.
Fees
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.
Assets
IG has 104 forex currency pairs, while XM has 57 available pairs. IG provides access to 19537 CFDs, while XM has 1372 available CFDs.
Trading platform
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
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.
Final verdict
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:
XM review