IC Markets Vs XM Group 2026: Which Broker Suits Greece Traders Best?

For Greece 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, making it ideal for scalpers and high-volume traders. XM Group’s Zero account starts at 0.6 pips with no commission, while its Standard account has spreads from 1.0 pip. Over 100 lots, IC Markets saves approximately $200 in spread costs compared to XM’s Standard account. However, XM’s fixed spreads are predictable for beginners. Both brokers have no hidden fees for Greek clients, but IC Markets is more cost-effective for active traders.

Both brokers offer MetaTrader 4 and MetaTrader 5, which are popular among Greece traders for their advanced charting and automated trading. IC Markets also provides cTrader, a platform favored for its depth of market and fast execution. XM Group adds its proprietary XM WebTrader, which runs directly in a browser without installation. For Greek traders who trade on the go, both have mobile apps with full functionality. IC Markets’ cTrader is a standout for those needing raw spreads and ECN access.

IC Markets delivers ultra-fast execution with an average speed of 40ms, ideal for scalping Greece traders. XM Group offers reliable execution at around 60ms, with no requotes on its Zero account. IC Markets’ ECN model ensures deep liquidity and minimal slippage, while XM uses a hybrid model that balances speed and stability. For high-frequency traders in Greece, IC Markets is the better choice.

IC Markets and XM Group are both regulated by the local financial regulator, providing Greek traders with strong investor protection. IC Markets Global is not FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. For Greece traders, this means compliance with EU MiFID II directives, including negative balance protection and segregated accounts.

Greece traders can fund their accounts at both brokers using Bank Transfer, Skrill, Neteller, and USDT. IC Markets requires a minimum deposit of $5, while XM Group accepts as little as $5. Deposits via Skrill, Neteller, and USDT are instant, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours at both brokers, with XM offering free withdrawals for most methods. IC Markets charges no deposit fees, but some withdrawal methods may incur a small fee. USDT deposits are particularly convenient for crypto-savvy Greek traders, offering low-cost transfers.

Both IC Markets and XM Group offer Islamic (swap-free) accounts for Greece Muslim traders who need Sharia-compliant trading. IC Markets provides swap-free status on all account types without additional fees, while XM offers it on Standard and Micro accounts. At XM, traders must request it after account opening; IC Markets allows it during registration. Both brokers do not charge extra for these accounts, but positions held long-term may incur admin fees. This flexibility makes both brokers suitable for Greece’s Muslim community.

IC Markets offers 24/7 customer support via live chat, email, and phone, with Greek language support available. XM Group provides 24/5 support in multiple languages, including Greek, through live chat, phone, and email. XM’s response times are slightly faster for basic queries, while IC Markets excels in technical support for advanced traders. Both have comprehensive FAQ sections on their Greek-facing websites.