FXCC vs XM Comparison

FXCC vs XM Broker Comparison

FXCC versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT445+CySEC
$5MT4, MT5700+FCA, CySEC, ASIC

FXCC and XM Comparison

FXCC is a price aggregating ECN broker: offering low spreads, plus an additional charge. XM can provide a range of account types, including STP/ECN trading on its XM Zero account. As an STP broker, XM can provide many more markets on MT5, as it can offer Stocks CFDs (however it has a similar number to FXCC on its STP/ECN account). Essentially, XM can offer a range of account types, while FXCC focuses on ECN trading, including offering an account with ECN spreads, and no commission charge. Both have MT4, though XM also provides MT5.

XM has a lower minimum deposit all accounts considered, but its XM Zero account has the same minimum deposit as FXCC. Both brokers are regulated by the CySEC in Cyprus. XM is additionally regulated by the FCA in the UK and the ASIC in Australia.

Quick comparison

FXCC is an ECN MT4 broker. XM provides STP/ECN trading and other account types, on MT4 and MT5, with many more markets on MT5.

Minimum deposit and account types

The minimum deposit for FXCC is $100 and the minimum deposit for XM is $5.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. All accounts welcome Scalpers, allow hedging and EAs, provide live news updates, technical analysis, trading tools and an economic calendar on the FXCC website, and offer a personal account manager.
  • FXCC's ECN Standard account has a minimum deposit of $100, the ECN XL account has a minimum deposit of $500 and the ECN Advanced account has a minimum deposit of $100,000. All accounts charge commissions, except for the ECN XL account which does not charge commissions for deposits less than or equal to $10,000. The ECN Advanced account offers more Forex pairs and also offers Indices.
  • XM also 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 offers a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Account currencies

FXCC accounts are available in GBP, USD and EUR. XM accounts are available in GBP, USD, EUR, CHF,‎ AUD, HUF and PLN.

Markets

  • FXCC offers 45+, covering Forex pairs, Indices and Precious Metals on the ECN Advanced account.
  • On the ECN Standard and the ECN XL account, FXCC provides 35+, covering Forex and Precious Metals.
  • XM offers 100+ covering Forex, Metals, Commodities and Indices on MT4 and 700+ on MT5 since it also includes Cryptocurrencies and Stock CFDs. The XM Zero account offers Forex pairs, Gold and Silver, with 55+.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • 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 accounts, spreads have a low of 0 for EUR/USD. On the XM Zero account Gold has an average spread of 0.21.

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

Commissions

  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • For deposits of less than or equal to $10,000, FXCC's ECN XL account does not charge commissions and for deposits greater than $10,000 the ECN XL account charges commissions of 0.3 pips per lot per side.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • XM charges a commission of $3.5 per lot per side on the XM Zero account.

Platforms

Both brokers provide MT4, available for desktop, tablet and mobile. XM additionally offers MT5, also available for desktop, tablet and mobile. Both brokers provide micro lot trading.

Comparison summary

  • FXCC offers ECN trading with a commission charge
  • XM offers ECN trading with a commission charge
  • FXCC provides ECN trading without a commission charge on one of its accounts
  • XM also provides variable CFD trading with no commission charge
  • FXCC offers MT4, XM provides MT4 and MT5
  • XM provides more instruments and markets than FXCC (but the number offered on their respective ECN accounts are similar)
  • Both brokers are regulated

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