IC Markets vs XM Group for Vietnam Traders (2026)

When comparing trading costs, IC Markets generally offers lower spreads for Vietnam traders. On its Raw Spread account, spreads start from 0.0 pips with a commission of $3.50 per lot round turn. XM Group’s standard account has spreads from 1.0 pips with no commission. For a Vietnam trader executing 10 standard lots per month, IC Markets would cost around $35 in commissions versus $100 in spreads on XM Group. However, XM Group’s Micro account allows trading with smaller lot sizes, which can be cost-effective for beginners. Both brokers offer competitive swap rates, but IC Markets’ lower spreads make it more suitable for high-frequency and volume traders in Vietnam.

Both IC Markets and XM Group offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the most popular platforms among Vietnam traders. IC Markets also provides cTrader, a platform known for its advanced charting and fast execution, favored by scalpers. XM Group includes XM WebTrader, a browser-based platform that requires no download, ideal for traders using shared computers in Vietnam. Both brokers support mobile trading apps for iOS and Android, ensuring you can trade on the go. For Vietnam traders, the choice depends on whether you prefer the advanced features of cTrader (IC Markets) or the convenience of a web platform (XM Group).

IC Markets is renowned for its fast execution, with an average speed of under 40 milliseconds and no requotes on its Raw Spread account. This is ideal for Vietnam scalpers and algorithmic traders. XM Group’s execution is also reliable, with an average speed of under 100 milliseconds and no requotes on standard accounts. For most retail traders, both brokers offer excellent execution, but IC Markets has an edge for those who need ultra-low latency.

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles. XM Group holds licenses from CySEC, the Financial Conduct Authority (FCA) in the UK, and the International Financial Services Commission (IFSC) of Belize. Neither broker is directly regulated by the local financial regulator in Vietnam, but both operate under strict international standards. For Vietnam traders, this means your funds are held in segregated accounts with top-tier banks, and you have access to investor compensation schemes (e.g., up to €20,000 under CySEC). Always verify the specific entity you open an account with, as the level of protection varies by jurisdiction.

Vietnam traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT with both brokers. IC Markets requires a minimum deposit of $200 for bank transfers and $50 for e-wallets like Skrill and Neteller. USDT deposits are processed instantly with no fees. XM Group has a lower minimum deposit of just $5, making it more accessible for beginners. Withdrawals are processed within 1-2 business days for e-wallets and 3-5 days for bank transfers. Both brokers do not charge deposit fees, but XM Group covers withdrawal fees for certain methods. For Vietnam traders, using USDT or Skrill is the fastest way to move funds, while bank transfers are best for larger amounts. Note that the local financial regulator may require Vietnamese banks to comply with foreign exchange controls, so e-wallets are often preferred for speed and convenience.

Both IC Markets and XM Group offer Islamic (swap-free) accounts for Vietnam Muslim traders. IC Markets provides swap-free accounts on request for all account types, including Raw Spread and Standard accounts. XM Group automatically offers Islamic accounts for clients from predominantly Muslim countries, including Vietnam, with no additional paperwork. These accounts comply with Sharia law by not charging or paying overnight interest (swap) on positions held beyond the daily rollover. However, both brokers may apply a small administrative fee for positions held open for extended periods (e.g., over 10 days). Vietnam Muslim traders should confirm the terms with each broker’s support team to ensure full compliance with their religious requirements.

IC Markets offers 24/7 customer support via live chat, email, and phone, with English as the primary language. XM Group provides multilingual support in Vietnamese, which is a significant advantage for local traders. XM Group also offers local phone numbers and a Vietnamese-language website. While IC Markets’ support is responsive, XM Group’s Vietnamese-speaking team makes it easier for traders who prefer assistance in their native language.