ETX Capital vs XM Comparison

ETX Capital vs. XM Broker Comparison

ETX Capital versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$5MT4, MT5700+FCA, ASIC, CySEC

ETX Capital and XM Comparison

ETX Capital is a UK based FCA regulated CFD and spread betting broker. XM is also based in the UK, and in Cyprus and Australia and offers CFD trading. Unlike ETX Capital it provides STP trading, in no dealing desk conditions. It offers an STP/ECN account, which has low spreads with a commission charge added, which covers Forex and Metals. Its other accounts offer more markets, with the most on its MT5 STP account. ETX Capital offers more markets on MT4 and ETX Trader Pro.

XM has a lower minimum deposit than ETX Capital, but for its STP/ECN account (XM Zero) it has the same minimum deposit. Both support automated trading, as they provide MT4. In terms of discretionary trading, ETX Capital offers its ETX TraderPro web trader (and apps), however all these platforms can be used for discretionary trading. Both brokers are regulated by the FCA in the United Kingdom and XM is additionally regulated by the CySEC in Cyprus and the ASIC in Australia.

Quick technical summary

ETX Capital providers a web trader and apps with a wide range and number of markets for spread betting or CFD trading. ETX Capital offers dealing desk trading, while XM has no dealing desk intervention, using STP. Both offer trading on MT4. XM also offer MT5. ETX Capital has a web trader and apps, which has many more markets to trade.

Account types and minimum deposit

The minimum deposit for ETX Capital is $/£100. The minimum deposit for XM is $/£5.

  • ETX Capital provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€1,000, T&Cs apply, ETX Capital offers a dedicated account manager, news and updates from Trading Central and a free 8 hour trading course to be taken within 6 months.
  • 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 also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • ETX Capital on ETX TraderPro offers Forex, Energy, Metals, Indices, Stocks, Cryptocurrencies, Soft Commodities, Bonds, ETFs and Interest Rates.
  • ETX Capital on MT4 offers Forex, Energy, Metals, Indices, Stocks, Cryptocurrencies and Soft Commodities.
  • XM offers Currency Pairs, Energy, Metals, Indices, Stocks and Cryptocurrencies.
  • ETX Capital provides more individual markets, with over 5000 available, versus over 700 provided by XM on MT5. On MT4 XM offers 100+, as it does not have Stocks or Cryptocurrency CFD on this platform. On MT4, ETX Capital has 200+ markets available covering Forex, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies. On XM Zero, XM offers 55+ markets covering Forex and Precious Metals.

Cryptocurrency CFDs

  • ETX Capital offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • ETX Capital provides variable spreads from 0.6 for EUR/USD, from 1 for the UK100, from 0.4 for Gold and from 0.05 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.

Leverage for ETX Capital is up to . Leverage for XM (FCA or CySEC regulated) is .

Commissions

  • ETX Capital does not charge commissions, except for CFD Shares trading (from 0.1%).
  • XM charges a commission of $3.5 per lot per leg on its XM Zero account.

Platform

ETX Capital provides MT4 and its own platform, ETX TraderPro, on desktop, tablet and mobile. XM provides MT4 and MT5, available on desktop, tablet and mobile.

Comparison summary

  • ETX Capital offers a large number of products, across a range of markets
  • XM offers a smaller number of products, across a range of markets
  • But on MT4 and MT5, they have a similar number of markets
  • That is, the most markets are offered on ETX Capital's web trader (and apps)
  • ETX Capital provides tight variable spreads (on MT4 and ETX TraderPro)
  • XM provides low spreads with a commission as well as higher spreads without a commission charge (on MT4 and MT5)
  • Both brokers are regulated in the UK by the FCA
  • Each provides MT4
  • XM additionally offers MT5, ETX Capital additionally offers ETX TraderPro

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