🔍 Which Forex Broker Is Better for Vietnamese Traders?
In the increasingly competitive Forex market, IC Markets and XM are two well-known names that attract a large number of traders worldwide, including Vietnam. However, each broker has its own strengths and weaknesses. This article will provide a detailed analysis and comparison of IC Markets vs XM to help you find the most suitable choice.
General Overview
IC Markets
- Founded: 2007
- Headquarters: Australia
- Regulation: ASIC (Australia), CySEC (Europe), FSA Seychelles
- Platforms: MT4, MT5, cTrader
- Trading Instruments: Forex, indices, stocks, commodities, crypto, bonds
- Key Features: Ultra-low spreads, fast execution speed, ideal for professional traders.
Basic Information
- Headquarters: IC Markets Global Eden Plaza, Office 209, Eden Island, Mahe, Seychelles
- Established: 2007
- Business Type: ECN
- Time Zone: GMT+2, GMT+3
- Credit Profile: No data
Trading Platforms
- MT4: Mac, Windows, iOS, Android, Webtrader
- MT5: Mac, Windows, iOS, Android, Webtrader
Contact Information
- Headquarters: +248 467 19 76 | support@icmarkets.com
- Office: +61 (0)2 8014 4280 | enquiries@icmarkets.com
- Office: +357 25123504 | enquiries@icmarkets.com
XM
- Founded: 2009
- Headquarters: Cyprus
- Regulation: CySEC (Europe), ASIC (Australia), IFSC (Belize)
- Platforms: MT4, MT5
- Trading Instruments: Forex, indices, stocks, commodities, precious metals, energy
- Key Features: Attractive bonuses, multi-language support, beginner-friendly.
Basic Information
- Headquarters: Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042, Limassol, Cyprus
- Time Zone: GMT+2
- Credit Profile: No data
Trading Platforms
- MT4, XM APP, MT5: iOS, Android, multi-device
- MT5, XM APP, MT4: iOS, Android, multi-device
Contact Information
- Headquarters: support@xm.com
- Office: korean.support@xm.com
- Office: czech.support@xm.com
Comparison: IC Markets vs XM
| Criteria | IC Markets | XM |
|---|---|---|
| Regulation | ASIC, CySEC, FSA – highly reputable | CySEC, ASIC, IFSC – reliable |
| Platforms | MT4/MT5/cTrader, ECN technology | MT4/MT5 |
| Leverage | Up to 1:500 (depending on region) | Up to 1:1000 |
| Spread | From 0.0 pip (Raw Spread account) | From 0.6 pip (Standard account) |
| Trading Products | Wide range: Forex, Crypto, Indices, Stocks, etc. | Forex, Metals, Indices, Stocks, etc. |
| Trading Costs | Low commissions, ultra-tight spreads | Slightly higher spreads, no hidden fees |
| Customer Support | 24/5, multilingual, strong community | 24/5, excellent Vietnamese support |
| Best For | Professional traders, scalpers, EA trading | Beginners, intermediate traders, bonus seekers |
Pros and Cons
IC Markets
✅ Pros:
- Extremely low spreads (0.0 pip), super-fast execution
- Supports cTrader, perfect for scalping and EA trading
- Regulated by ASIC → high trust level
❌ Cons:
- Few bonus programs for new traders
- Initial deposit requirement may be high for some traders
XM
✅ Pros:
- Offers deposit bonus and no-deposit bonus
- Vietnamese support, very beginner-friendly
- Multiple account types (Micro, Standard, XM Ultra Low)
❌ Cons:
- Spreads not as low as IC Markets
- Fewer platforms (only MT4/MT5)
IC Markets or XM – Which Should You Choose?
👉 If you are a scalper, trade large volumes, or use EAs (robots) → IC Markets is the best choice thanks to its ultra-low spreads and ECN technology.
👉 If you are a beginner trader, prefer starting bonuses, and want friendly support → XM is more suitable.
👉 TIPS: Vietnamese traders should open a demo account with both brokers to experience the platforms before committing real money.
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