IC Markets vs XM Group for Jordan Traders (2026)
Which broker is better for Jordan traders in 2026? Expert analysis across 12 categories.
Jordan’s forex market continues to grow, with retail traders seeking reliable brokers that offer low costs, fast execution, and local payment options. IC Markets, rated 4.8/5, and XM Group, rated 4.7/5, are two top-tier choices for Jordanians. Both brokers accept Bank Transfer, Skrill, Neteller, and USDT, making deposits and withdrawals convenient. IC Markets is known for its institutional-grade spreads and speed, while XM Group excels with its educational resources and low minimum deposit. This comparison will help you decide which broker fits your trading style in Jordan’s dynamic financial landscape.
| Instrument | IC Markets | XM Group | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | XM Group |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | XM Group |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | XM Group |
| Standard acc spread | from 1.0 pips | from 0.8 pips | XM Group |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $5 | IC Markets |
| Inactivity fee | ✓ | ✓ | Tie |
For Jordan traders, trading costs are a key factor. IC Markets offers spreads from 0.0 pips on its Raw Spread account with a $3.50 commission per lot, making it ideal for high-volume traders. XM Group’s standard account has spreads from 1.0 pips with no commission, suitable for smaller accounts. Over 100 lots, IC Markets saves approximately $350 in spreads compared to XM Group. However, XM’s zero-commission model benefits traders who prefer simplicity. Both brokers offer competitive costs, but IC Markets wins for cost-conscious Jordanians trading larger volumes.
| Account Type | IC Markets | XM Group |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✓ |
| Copy trading | ✗ | ✗ |
| VPS trading | ✓ | ✓ |
| Min deposit | $200 | $5 |
| Neg. balance protection | ✓ | ✓ |
| Entity / Asset | IC Markets | XM Group |
|---|---|---|
| Jordan (offshore) | Up to 1:500 | Up to 1:500 |
| Forex major pairs | 1:500 | 1:500 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Margin call level | 80% | 80% |
| Stop out level | 50% | 50% |
| Asset Class | IC Markets | XM Group | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | ✗ | XM Group |
| ETFs | ✗ | ✗ | Tie |
| Options | ✗ | ✗ | Tie |
| Futures | ✗ | ✗ | Tie |
| Platform | IC Markets | XM Group |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✓ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
| Fixed spreads | ✗ | ✗ |
| Variable spreads | ✓ | ✓ |
Both brokers provide MetaTrader 4 and MetaTrader 5, the most popular platforms among Jordan traders. IC Markets also offers cTrader, which features advanced charting and fast order execution. XM Group provides its own XM WebTrader for browser-based trading. For Jordanians who trade on mobile or need quick execution, IC Markets’ cTrader is a standout. XM’s platforms are more user-friendly for beginners. Both support Arabic language and local time zones, ensuring a smooth experience.
| Factor | IC Markets | XM Group | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | XM Group |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Dealing desk | ✗ | ✗ | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| News trading | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
IC Markets offers ultra-fast execution with an average speed of 40ms, thanks to its Equinix NY4 data center. XM Group provides execution speeds around 200ms, which is still reliable for most traders. For Jordan scalpers and day traders, IC Markets’ speed reduces slippage. XM’s execution is adequate for swing traders and beginners. Both brokers use No Dealing Desk (NDD) models, ensuring fair order execution.
| Safety Factor | IC Markets | XM Group |
|---|---|---|
| Primary regulator | ASIC | ASIC |
| Reg number | #335692 | #443670 |
| Verify registration | Verify ↗ | Verify ↗ |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), offering strong client fund protection. XM Group is regulated by CySEC, the Financial Conduct Authority (FCA) in the UK, and other top-tier bodies. For Jordan traders, this means both brokers operate under strict international standards. Neither is directly regulated by the local financial regulator, but their global licenses provide a high level of security. Always check the latest regulatory updates before trading.
| Payment Method | IC Markets | XM Group |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Deposit fee | None | None |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days |
| Min withdrawal | $50 | $50 |
Jordan traders can fund their accounts using Bank Transfer, Skrill, Neteller, and USDT. IC Markets has no minimum deposit for USDT, while XM Group requires just $5. Deposits are instant for e-wallets and crypto, while bank transfers take 1-3 business days. Withdrawals are processed within 24 hours for e-wallets and 2-5 days for bank transfers. Both brokers charge no internal fees, but your bank may apply charges. USDT deposits are particularly popular in Jordan due to their speed and low cost. Always verify withdrawal limits with each broker.
| Islamic Account Feature | IC Markets | XM Group |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| Gold swap-free | ✓ | ✓ |
| Crypto swap-free | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and XM Group offer Islamic (swap-free) accounts for Jordan’s Muslim traders. These accounts comply with Sharia law by eliminating overnight interest charges. IC Markets provides swap-free accounts on all account types, while XM Group offers them on standard and micro accounts. Jordan traders can request an Islamic account during registration or by contacting support. No additional fees are charged, making both brokers suitable for religiously observant traders.
| Support Feature | IC Markets | XM Group | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| 24/5 support | ✓ | ✓ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 multilingual support via live chat, email, and phone, with Arabic language support available. XM Group provides 24/5 support with a dedicated Arabic team and a comprehensive FAQ section. For Jordan traders, XM’s Arabic support may be more accessible during local business hours. IC Markets’ round-the-clock support is better for traders who operate outside standard hours.
| Mobile Feature | IC Markets | XM Group | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5★ | 4.3★ | IC Markets |
| Google Play rating | 4.3★ | 4.2★ | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| Mobile deposit/withdrawal | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
| Dark mode | ✓ | ✓ | Tie |
| Resource | IC Markets | XM Group | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | IC Markets |
| Webinars (live) | ✗ | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | IC Markets |
| Beginner resources | Excellent | Basic | IC Markets |
Choose IC Markets if you...
- Are an active trader who needs ultra-low spreads from 0.0 pips
- Prefer fast execution with minimal slippage for scalping
- Trade large volumes and want to minimize costs
- Use advanced platforms like cTrader for technical analysis
Choose XM Group if you...
- Are a beginner looking for a low minimum deposit ($5)
- Value free educational resources and webinars
- Prefer a zero-commission account with simple cost structure
- Need dedicated Arabic customer support during local hours
For Jordan traders, the choice between IC Markets and XM Group depends on your experience and goals. IC Markets (4.8/5) is the top pick for active traders who demand low spreads, fast execution, and advanced platforms. It supports local payments like Bank Transfer, Skrill, Neteller, and USDT, making it convenient for Jordanians. XM Group (4.7/5) is ideal for beginners or those who prefer a simpler, low-cost entry with strong educational support. Both brokers are reliable and regulated, but IC Markets edges ahead for cost-efficiency. Check the latest offers and regulatory updates from the local financial regulator before opening an account.