AAAFx vs. XM Broker Comparison

AAAFx vs. XM Broker Comparison

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

AAAFx and XM Comparison

AAAFx and XM provide accounts with very low spreads, and a commissions charged. Both brokers provide ECN trading conditions, including no requotes or order rejections. XM also offers no dealing desk trading without a commission charge. AAAFx is regulated by the HCMC in Greece and XM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

AAAFx is an ECN MT4 broker, which also provides the ZTP web trader. XM has a range of account types, including an STP/ECN 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 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 of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions.

XM offers a free VPS for clients who have a minimum balance of $5000 in their account, terms and conditions apply. For clients who do not meet the conditions for a free VPS, it is available for a monthly fee of $28.

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. XM also offers Futures, with UK100 spreads from 4.5.
  • 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 i . Maximum leverage for XM (FCA or 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) along 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.

Comparison summary

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

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