IC Markets vs XM: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | IC Markets | XM |
|---|---|---|
| Licence Score | 65Strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 5 | 7 |
| 1 ASIC Australia | Licensed · AFSL 335692 | Licensed |
| 2 CySEC Cyprus | Licensed · Licence 362/18 | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | — | Licensed |
| 3 CMA (Kenya) Kenya | Licensed | Licensed |
| 3 SCB Bahamas | Licensed | — |
| 4 FSA (Seychelles) Seychelles | Licensed | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 2007 | 2009 |
| Headquarters | Australia | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5 |
| Minimum deposit | US$200 | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is IC Markets or XM better regulated?
XM has the higher Licence Score (70 vs 65), based on the number and tier of licences, operating history and public listing.
Which regulators license both IC Markets and XM?
Both are matched to licences from ASIC, CySEC, CMA (Kenya) and FSA (Seychelles).