Spread Co vs XM Broker Comparison

Spread Co vs. XM Broker Comparison

Spread Co versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£250Web Trader & Apps1500+FCA
$/£5MT4, MT5700+FCA, ASIC, CySEC

Spread Co and XM Comparison

XM offers variable spread trading, including an account with low spreads and a commission charge. Spread Co offers both CFD trading and spread betting. For both accounts it provides fixed spreads, with low fixed spreads for spread betting. Spread Co has a web trader and apps, XM offers MT4 and MT5. Spread Co and XM are regulated by the FCA in the United Kingdom. XM is also regulated by the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

Both brokers offer CFD trading. Spread Co also provides spread betting in the UK. Spread Co has somewhat more markets, but XM has a sizeable number for an STP broker.

Account types and minimum deposit

The minimum deposit for XM is $/£5. The minimum recommended amount to be deposited with Spread Co is £200 for spread betting and £250 for CFD trading.

  • Spread Co provides a CFD and a Spread Betting account and offers news and analysis on its website and a relationship manager for all account holders.
  • 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 personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • Spread Co offers Currency Pairs, Indices, Commodities, Equities, Cryptocurrencies, ETFs and ADRs.
  • XM offers Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies.

Spread Co offers more markets, with over 1500, versus over 700 offered by XM.

Cryptocurrencies

  • Spread Co offers Bitcoin Futures.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spread Co offers fixed spreads on its spread betting and CFD platforms. For spread betting, Spread Co offer fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours.
  • For CFDs, Spread Co offers fixed spreads of 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil.
  • 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. XM also offers Futures, with UK100 spreads from 4.5.
  • For the XM Zero account, EUR/USD has an average spread of 0.1 (but can reach a low of 0). On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for Spread Co is . Maximum leverage for XM (FCA or CySEC regulated) is .

Commissions

Spread Co does not charge Forex commissions. XM charges a commission of $3.5 per lot per leg on its XM Zero account.

Platform

Spread Co provides its own platform, available on desktop, tablet and mobile. XM provides MT4 and MT5, available on desktop, tablet and mobile.

Comparison summary

  • Spread Co offers CFD trading and spread betting with fixed spreads
  • XM offers CFD trading with variable spreads
  • Spread Co provides low fixed spread betting spreads
  • XM provides very low spreads on its XM Zero account, with a commission charge
  • Spread Co has the Saturn web trader and apps
  • XM offers MT4 and MT5
  • Both brokers are regulated in the UK by the FCA

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