Broker comparison
IC Markets vs XM
Both are rated "Caution" in our records, with XM scoring higher (66 against 50 out of 100). They share CySEC as a listed regulator. This is a comparison of records, not a recommendation.
IC Markets
CautionXM
CautionSide by side
- Verdict
- Caution
- Caution
- Score
- 50 / 100
- 66 / 100
- Regulators listed
- CySEC
- FSA, CySEC, FSCA
- Number of regulators
- 1
- 3
- FCA register
- Not listed
- Not listed
- FCA warning
- None recorded
- None recorded
- Why this score
- regulator fine or enforcement in the last 2 years
- regulator warning naming the firm or an entity of its group
- Last checked
- 4 Nov 2026
- 4 Nov 2026
Regulators compared
Shared
CySEC
Only IC Markets
None
Only XM
FSA, FSCA
What each licence means for clients is on the regulator pages, for example the CySEC, FSA, FSCA pages, or browse all regulators.
Frequently asked questions
Is IC Markets or XM better regulated?
Which has the higher verdict, IC Markets or XM?
Do IC Markets and XM share a regulator?
Compared on record fields only. We hold no spreads, fees or user ratings for these brokers, so this page does not compare them. See how we verify.
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