IG Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

• Professional traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• Experienced traders looking to trade shares in high volume using their Zero account
• MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• ASIC (Australia)
• CySec (Cyprus)
• ADGM (United Arab Emirates)

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• Competitive commissions on their Zero account
• Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

• No proprietary platforms or technology
• Expensive spreads and trading fees
• Lack of asset variety when compared to other brokers in the same range

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

SY, IR.

US, CA.

After 24 months of inactivity, IG charges an $18 monthly fee.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Yes on Zero accounts ($7 per lot round turn).