IC Markets Vs XM Group: Which Broker Suits Belarus Traders Best?

For Belarus traders, trading costs are a critical factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a commission of $3.50 per lot per side, making it ideal for high-volume traders. XM Group’s standard account has spreads starting at 1.0 pips with no commission, while its Zero account offers spreads from 0.0 pips plus a commission of $5 per lot. Over 100 lots, IC Markets saves approximately $150 in combined spread and commission costs compared to XM Group. For day traders and scalpers in Belarus, IC Markets provides a clear cost advantage, but XM Group’s zero-commission model may appeal to those who trade less frequently.

Both brokers offer the MetaTrader 4 and MetaTrader 5 platforms, which are widely used by Belarus traders for their advanced charting and automated trading capabilities. IC Markets also provides cTrader, a platform popular for its depth of market and faster order execution, beneficial for scalpers. XM Group offers its own XM WebTrader for browser-based trading. For Belarus traders, the choice comes down to preference: IC Markets’ cTrader offers more flexibility for active traders, while XM Group’s platforms are beginner-friendly with integrated educational tools. Both platforms support mobile trading on iOS and Android.

IC Markets is known for its ultra-fast execution with average speeds below 40ms on its Raw Spread account, thanks to Equinix NY4 servers and no dealing desk intervention. XM Group offers execution speeds around 100ms with a market execution model. For Belarus traders who scalp or use automated strategies, IC Markets provides a clear advantage in order execution reliability and minimal slippage. XM Group’s execution is still reliable for most retail traders but may experience slightly higher requotes during volatile markets.

Belarus traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets processes deposits instantly for e-wallets and USDT, with no fees, while bank transfers take 1-3 business days. XM Group also supports these methods, with a minimum deposit of $5 for Skrill/Neteller and $50 for bank transfers. USDT deposits are accepted via TRC20 (low fees) or ERC20 networks. Withdrawals are processed within 24 hours for e-wallets and USDT, while bank transfers take 2-5 days. IC Markets has a slight edge with faster withdrawal processing for e-wallets. Both brokers do not charge deposit fees, but network fees for USDT may apply.

Both IC Markets and XM Group offer Islamic (swap-free) accounts for Belarus Muslim traders who require Sharia-compliant trading. IC Markets provides swap-free accounts on request, with no interest on overnight positions, but charges an administrative fee after a certain holding period (e.g., 7 days for some instruments). XM Group also offers Islamic accounts with no swap or rollover fees, and no hidden charges, though positions held beyond a certain period may incur a fee. For Belarus traders, XM Group’s policy is slightly more transparent, but both brokers accommodate Islamic trading needs effectively.

IC Markets offers customer support 24/7 via live chat, email, and phone, with multilingual agents including Russian. XM Group also provides 24/5 support with live chat, email, and phone, and a dedicated Russian-speaking team. For Belarus traders, language accessibility is good with both brokers. IC Markets’ support is faster for technical issues, while XM Group excels in educational assistance. Response times are under 5 minutes for live chat on both platforms.