IC Markets vs XM Group 2026: Which Broker is Better for Finland Traders?

For Finland traders, trading costs are a key factor, especially for those who trade frequently. IC Markets offers some of the lowest spreads in the industry, with its Raw Spread account starting from 0.0 pips and a commission of $7 per lot round turn. XM Group’s Zero account has spreads from 0.0 pips but a higher commission of $10 per lot. On standard accounts, IC Markets spreads average 0.6 pips on EUR/USD, while XM Group averages 1.0 pips. For Finland traders executing high volumes, IC Markets is more cost-effective, potentially saving hundreds of dollars annually. XM Group, however, has no commission on its standard accounts, which may appeal to lower-volume traders.

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the most popular platforms among Finland traders. IC Markets also provides cTrader, which is favored for its advanced charting and order execution. XM Group offers XM WebTrader for browser-based trading. Finland traders who value automated trading and EA compatibility will find both brokers excellent, but IC Markets’ cTrader gives an edge for those who prefer a non-MetaTrader interface. Mobile trading apps are available for both, with full functionality for on-the-go trading.

IC Markets is known for its ultra-fast execution speeds, averaging under 40ms on its Raw Spread account, making it ideal for scalpers and high-frequency traders. XM Group also offers good execution, but its speeds average around 100ms. For Finland traders who prioritize speed, IC Markets is the clear winner. Both brokers use No Dealing Desk (NDD) execution, ensuring no requotes and transparent order processing.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), while XM Group is regulated by CySEC, the International Financial Services Commission (IFSC), and the Australian Securities and Investments Commission (ASIC). For Finland traders, both brokers comply with the local financial regulator’s standards, ensuring client fund segregation and negative balance protection. This means Finland traders can trade with confidence, knowing their funds are secure and that they are protected from losing more than their deposit.

Finland traders have access to convenient deposit and withdrawal methods at both brokers, including Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $200 for standard accounts, while XM Group starts at just $5, making it more accessible for beginners. Both brokers process deposits instantly for Skrill, Neteller, and USDT, while Bank Transfers may take 1-3 business days. Withdrawals are typically processed within 24 hours at IC Markets and within 48 hours at XM Group. No deposit or withdrawal fees are charged by either broker, though bank fees may apply for Bank Transfers. Finland traders appreciate the flexibility of using USDT for crypto-based transactions, which is available at both brokers.

Both IC Markets and XM Group offer Islamic (swap-free) accounts for Finland Muslim traders who require compliance with Sharia law. IC Markets provides swap-free accounts on all account types, including Raw Spread and Standard accounts, with no additional fees. XM Group also offers Islamic accounts on request, but they may have a limited number of instruments available. For Finland traders who prefer a wider range of instruments and no swap fees, IC Markets is the better choice. Both brokers ensure that Islamic accounts are free from interest charges on overnight positions.

Customer support is available 24/5 for both brokers, with live chat, email, and phone options. IC Markets offers support in English and several other languages, but Finnish language support is not explicitly listed. XM Group provides multilingual support including Finnish, which is a significant advantage for Finland traders who prefer assistance in their native language. XM Group also offers personal account managers for VIP clients.