XM
IG
Our Rating
55
71

Regulations and Licenses

Feature
XM
IG
ASIC (Australia)
FCA (UK)
MAS (Singapore)
NFA or CFTC (USA)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cyprus)
FMA (New Zealand)
DFSA (Dubai)
CBI (Ireland)
IFSC (Belize)
BMA (Bermuda)

Brokerage

Feature
XM
IG
EUR/USD Avg. Raw Spread
0.1
0.16
GBP/USD Avg. Raw Spread
0.4
0.59
AUD/USD Avg. Raw Spread
0.8
0.29
EUR/USD Standard Spread
1.6
1.13
EUR/USD Fixed Spreads
-
GBP/USD Avg. Standard Spread
1.8
1.66
AUD/USD Avg. Standard Spread
2.3
1.01
Commissions (USD Base)
$3.50
$6.00
Minimum Deposit
$5-$100
$450
Swap Free Account
No Inactivity Fees
Funding Methods
13+
4+
No Funding Fees

Markets and Instruments

Feature
XM
IG
Currency Pairs
57+
100+
Cryptocurrency CFDs*
-
12+
Index CFDs
18+ (Cash)
12+ (Futures)
34+
Share CFDs
1,144+
12000+
Commodities CFD
15+
35+
Stockbroking
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
-
Pro 1: 100:1
Pro 2: 250:1
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
222:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
-
222:1
Retail Max. Leverage (USA)
-
Major Pairs 50:1
Minor Pairs 20:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Minor Pairs 20:1
Pro. Max. Leverage (Singapore)
-
50:1
Retail Max. Leverage (New Zealand)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (New Zealand)
-
222:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
XM
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

XM
IG
Our Rating
55
71
 

Our full comparison covers the 10 most important trading factors. Here are some key differences between XM and IG:

  • XM offers 6 asset classes with over 1,000 instruments, while IG boasts 17,000 products across 10 asset classes.
  • IG provides 5 trading platforms, whereas XM primarily uses MT4 and MT5 Forex trading platforms.
  • XM’s minimum deposit ranges from $5 to $100, while IG requires a minimum deposit of $0.
  • IG offers a wider variety of financial instruments, with over 17,000 tradable instruments compared to XM’s roughly 1,000.
  • While IG offers 8 cryptocurrency options, XM currently does not offer any cryptocurrencies.