Quick Verdict — China Traders
Best Overall
XM Group & IG
Higher overall score & more features
Best Spreads
IG
Lower trading costs for scalpers
Islamic Accounts
Both Available
Swap-free for China Muslims
Best for Beginners
XM Group
Better education & support
1:1000 vs 1:200
Max leverage
CySEC vs FCA
Top regulator
Head-to-head comparison
When comparing XM Group vs IG for China traders in 2026, the choice largely depends on your trading style, experience level, and preferred deposit methods. Both brokers are well-established offshore forex brokers popular among Chinese traders seeking international exposure. XM Group, with a strong score of 4.7/5, is known for its low spreads, flexible leverage, and support for USDT deposits—a key advantage for traders in China who prefer crypto-based funding. IG, scoring 4.2/5, is a UK-listed giant offering a vast range of markets, including forex, indices, and commodities, along with advanced trading platforms like ProRealTime and L2 Dealer. However, IG does not accept USDT, relying instead on international bank transfers. Since the CSRC does not regulate these brokers, Chinese traders must operate through offshore accounts, making deposit convenience and regulatory jurisdiction critical factors. This comparison will help you decide which broker aligns better with your needs, whether you prioritize low costs (XM Group) or market depth (IG).
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Overall Scores Comparison
XM Group
CySEC · ASIC · IFSC
4.3
CompareBroker score
Winner
VS
IG
FCA · ASIC · MAS
4.3
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | XM Group | IG | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | IG |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | IG |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | IG |
| Standard acc spread | from 1.0 pips | from 0.8 pips | IG |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $0 | IG |
For China traders, trading costs are a critical factor. XM Group offers average spreads starting from 0.6 pips on its Zero account for EUR/USD, with no commission on standard accounts. IG's spreads begin at 0.8 pips on its direct market access accounts, plus a small commission. For high-volume traders, XM Group's cost structure is more favorable, especially when trading major pairs. However, IG's spreads can be tighter during major news events due to its deep liquidity pool. Both brokers have no hidden fees, but XM Group's lower spreads give it an edge for China traders focused on cost efficiency.
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Account Types Comparison
| Account Type | XM Group | IG |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $5 | $0 |
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Leverage Comparison - China Traders
| Entity / Asset | XM Group | IG |
|---|
| China (offshore) | Up to 1:1000 | Up to 1:200 |
| Forex major pairs | 1:1000 | 1:200 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for China Traders
Traders in China typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | XM Group | IG | Winner |
|---|
| Forex pairs | 90+ | 65+ | XM Group |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | XM Group |
| Crypto CFDs | 30+ | 20+ | XM Group |
| Stocks / Share CFDs | ✗ | 1,700+ | IG |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | XM Group | IG | Winner |
|---|
| Execution model | ECN/STP | True ECN | IG |
| Avg execution speed | ~30ms | ~40ms | XM Group |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
XM Group uses No Dealing Desk (NDD) execution with an average execution speed of under 1 second, suitable for scalpers and day traders. IG offers direct market access (DMA) with ultra-fast execution from its liquidity providers, ideal for high-frequency traders. Both brokers have high reliability, but IG's DMA model may have slight slippage during volatile periods.
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Regulation & Safety for China Traders
| Safety Factor | XM Group | IG |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
XM Group is regulated by the FSC (Belize) and CySEC (Cyprus), while IG is regulated by the FCA (UK), ASIC (Australia), and others. For China traders, neither broker falls under CSRC jurisdiction, meaning no local investor protection. IG's FCA regulation offers stronger oversight and negative balance protection, but XM Group's offshore status allows higher leverage (up to 1:888). China traders should weigh the trade-off between regulatory safety and trading flexibility.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for China traders may differ by entity.
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Deposits & Withdrawals for China
| Payment Method | XM Group | IG |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days | 1 to 5 business days |
China traders can fund their accounts at XM Group using USDT (Tether) and international Bank Transfer, with no deposit fees and fast processing. IG only accepts international Bank Transfer (SWIFT) and does not support USDT, which may be less convenient for traders who prefer crypto. Both brokers process withdrawals within 1-2 business days, but XM Group's USDT option is faster and avoids bank delays. Neither broker supports direct CNY deposits, so traders must convert to USD or other major currencies. Minimum deposits are $0 for XM Group and $250 for IG, making XM Group more accessible.
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Islamic Accounts - Swap-Free for China Muslims
| Islamic Account Feature | XM Group | IG |
|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both XM Group and IG offer Islamic (swap-free) accounts for Muslim traders in China. XM Group provides swap-free accounts on all account types (Micro, Standard, Zero) without additional fees, and they are easy to activate. IG offers Islamic accounts on request, but they are typically limited to certain account types and may require a minimum deposit. XM Group's policy is more flexible and transparent, making it a better choice for China's Muslim traders.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | XM Group | IG | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | XM Group |
XM Group offers 24/5 multilingual customer support via live chat, email, and phone, including Mandarin-speaking agents. IG provides 24/5 support in English and Chinese, but response times can be slower during peak hours. For China traders, XM Group's dedicated Mandarin support is a clear advantage.
| Mobile Feature | XM Group | IG | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | XM Group |
| Google Play rating | 4.3 stars | 4.2 stars | XM Group |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✓ | IG |
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Education & Research Tools
| Resource | XM Group | IG | Winner |
|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | XM Group |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
XM Group
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
IG
Pros
+Top-tier regulated
+TradingView integration
+Islamic swap-free account
Cons
-No 24/7 support
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Who Should Use Which Broker? - China Guide
Choose XM Group if you...
- Prefer low spreads and no commission trading on major forex pairs
- Want to deposit using USDT for faster and cheaper funding
- Are a beginner or intermediate trader needing MetaTrader 4/5 with EAs
- Seek high leverage up to 1:888 for larger positions
Choose IG if you...
- Need access to a broader range of markets including indices and commodities
- Prefer advanced platforms like ProRealTime for technical analysis
- Value strong FCA regulation and negative balance protection
- Are an experienced trader comfortable with higher minimum deposits
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FAQ - XM Group vs IG in China
Is XM Group or IG better for China?
+Can China traders use both brokers legally?
+Which broker has lower spreads for China traders?
+How do China traders deposit at XM Group and IG?
+Do both brokers offer Islamic accounts for China?
+Final Verdict - China 2026
XM Group & IG tied wins overall
For China traders in 2026, XM Group is the better overall choice due to its lower spreads, support for USDT deposits, and beginner-friendly platforms. IG remains a strong option for experienced traders who need extensive market access and advanced tools, but its lack of USDT support and higher minimum deposit are drawbacks. Since neither broker is regulated by CSRC, China traders must ensure they comply with local laws. For most offshore traders seeking cost-effective and convenient trading, XM Group's combination of low costs and flexible funding makes it the winner.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
