IC Markets Vs XM Group: Which Broker Is Better For Serbia Traders In 2026?

For Serbia traders, trading costs are a major factor. IC Markets offers Raw Spread accounts with spreads from 0.0 pips and a commission of $3.50 per lot round turn, resulting in very low total costs for high-volume traders. XM Group’s Standard account has spreads from 0.6 pips with no commission, which can be cheaper for smaller traders but becomes more expensive for frequent scalpers. On a typical EUR/USD trade of 1 lot, IC Markets costs around $7, while XM Group costs roughly $6, but IC Markets’ advantage grows with volume. Serbia traders should consider their trading frequency and lot sizes when evaluating these costs.

Both brokers offer MetaTrader 4 and MetaTrader 5, the most popular platforms among Serbia traders. IC Markets also provides cTrader, which appeals to algorithmic traders with its advanced charting and low latency. XM Group focuses on MT4/MT5 and its proprietary XM WebTrader, which is accessible without download. For Serbia traders who value customization and speed, IC Markets’ cTrader is a standout; for simplicity and mobile trading, XM Group’s platforms are more intuitive.

IC Markets uses Equinix NY4 data centers for ultra-low latency execution, with an average execution speed of under 40 milliseconds on MT4/MT5. XM Group also offers fast execution with no requotes on most accounts, but its average speed is slightly slower at around 50-60 milliseconds. For Serbia traders engaged in scalping or news trading, IC Markets’ superior execution quality can reduce slippage and improve trade outcomes.

Serbia traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT at both brokers. IC Markets supports USDT deposits via ERC20 and TRC20, with no deposit fees and instant processing for e-wallets. XM Group also accepts USDT and offers fee-free deposits via Skrill and Neteller, with a minimum deposit of $5. Bank transfers may take 1-3 business days and incur intermediary bank fees. Withdrawals are processed within 24 hours for e-wallets at IC Markets and within 1-2 days at XM Group, with no additional fees from the brokers. USDT withdrawals are available on both platforms, providing a convenient crypto option for Serbia traders.

Both IC Markets and XM Group offer swap-free Islamic accounts for Muslim traders in Serbia, in compliance with Sharia law. IC Markets provides these accounts on request for all account types, including Raw Spread and Standard accounts, with no expiry. XM Group offers Islamic accounts automatically for clients who indicate their religion, with no additional fees. Serbia traders should note that Islamic accounts may have reduced leverage on certain instruments, but both brokers maintain competitive conditions.

IC Markets offers 24/7 customer support via live chat, email, and phone, with fast response times for technical issues. XM Group provides multilingual support in Serbian and English, with a dedicated account manager for VIP clients. For Serbia traders, XM Group’s local-language support is a significant advantage, while IC Markets’ 24/7 availability is better for round-the-clock trading.