AAAFx vs. XM Broker Comparison

AAAFx vs. XM Broker Comparison

AAAFx versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$5MT4, MT51000+ASIC, CySEC, IFSC

AAAFx and XM Comparison

Both brokers offer trading on MT4 and allow the use of Expert Advisors, MT4's online trading robots. XM additionally offers the successor to MT4, MT5, which also lets the trader use and build EAs. However AAAFx offers the ZTP web trader, which is designed for the trader who executes their own trades, but also supports automated trading with robots via ZuluScripts.

AAAFx is closely associated with the social and copy trading platform ZuluTrade and this broker is a supported broker for ZuluTrade.

XM has considerably more markets to trade than AAAFx on MT5, with 1000+ markets versus 55+ for AAAFx on MT4.

AAAFx is regulated by the HCMC in Greece. XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

AAAFx is an ECN MT4 broker, which also provides the ZTP web trader. XM has a range of account types, including an cent account and offers MT4 and MT5, with more markets available to trade.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370 and the minimum deposit for XM is $5.

  • AAAFx offers an Islamic account in addition to its regular account. For deposits higher than $100,000, AAAFx offers Institutional accounts.
  • XM CySEC regulated offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • AAAFx offers 55+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies and Bonds.
  • XM offers 100+ covering Forex, Metals, Commodities and Indices on MT4 and 1000+ on MT5, which includes Stocks and Cryptocurrency CFDs as well. The XM Zero account covers Forex pairs, Gold and Silver.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • XM provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at AAAFx are variable and start from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil. These spreads come with a commission charge.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.4 for Gold and 0.05 for US Crude Oil. These spreads do not come with a commission charge. The Ultra Low account ahs EUR/USD spreads form 0.6.
  • For the XM Zero accounts, spreads have a low of 0 for EUR/USD, with a commission charged. On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for AAAFx (HCMC regulated) . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • XM charges a commission of $3.5 per lot per side on the XM Zero account.

Platforms

AAAFx makes available ZTP and MetaTrader4 (MT4) and connects with with the ZuluTrade platform. All of these platforms allow for trading automation and are available as mobile applications.

XM provides the MT4 trading platform, which includes support for trading automation and MT5. MT4 and MT5 are available for desktop, mobile and tablet.

Why AAAFx or XM ?

Traders wishing to use MT4 to execute their own trades or to let online trading robots trade on their behalf may do so at either broker. Traders who want to use the successor to MT5, can find this platform at XM. Traders who want to trade on a user friendly platform which also supports automated trading can find ZTP at AAAFx. AAAFx closely integrates with ZuluTrade, thus the trader may trade on this social and copy trading platform using AAAFx as the supported broker. Traders who wish to trade with small trade sizes can find a cent account at XM.

Comparison summary

  • AAAFx is an ECN broker
  • XM provides a range of accounts, including a cent account with small trade sizes
  • Both offer MT4
  • AAAFx also provides ZTP, XM also offers MT5
  • On MT5, XM can offer considerably more markets as it offers Stocks CFDs
  • XM has a lower minimum deposit

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