Compare RoboMarkets vs XM - CFD Broker Comparison

Compare RoboMarkets vs XM

RoboMarkets vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, R Trader11,000+CySEC
$5MT4, MT51000+CySEC, IFSC, ASIC

RoboMarkets vs XM Comparison

Traders can trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) at either broker. Additionally, RoboMarkets provides R Trader. On R Trader RoboMarkets has considerably more markets overall than XM, however on MT5, XM has considerably more markets than RoboMarkets's MT5.

Both brokers offer Cent accounts, thus allowing traders to trade with small trade sizes. However XM has a lower minimum deposit than RoboMarkets ($5 vs $100).

RoboMarkets is regulated by the CySEC in Cyprus. XM is regulated by the CySEC in Cyprus, the IFSC in Belize and the ASIC in Australia.

ECN conditions

Both brokers allow news trading, scalping and automated trading.

Quick comparison

Both offer MT4 and MT5. RoboMarkets also provides R Trader, where it can offer more markets overall, though XM has more markets MT5 vs MT5.

Minimum deposit and account types

The minimum deposit for RoboMarkets is $100. The minimum deposit for XM is $5, but for ECN trading it is $100.

  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying). RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
  • 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. The minimum trade size is 0.0001 lots.
  • 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

  • RoboMarkets offers Forex, Indices, Cryptocurrencies, Metals, Energy, Soft Commodities, Stocks and ETFs, for a total of 11,000+.
  • XM offers Forex, Indices, Cryptocurrencies, Metals, Energy, Soft Commodities and Stocks, with 1000+ available.

RoboMarkets provides 45+ Forex pairs (on R Trader), XM provides 60+ Forex pairs.

Cryptocurrency CFDs

  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.
  • XM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. RoboMarkets can additionally provide Forex spreads form 1.3 without a commission charge, while XM can offer Forex spreads from 0.6 without a commission charge (on the Ultra Low account).

Maximum leverage for RoboMarkets (CySEC regulated) is . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
  • The XM Zero account charges commission of $3.5 per lot per side.

Online trading platforms

Both brokers offer MT4 and MT5. RoboMarkets additionally provides R Trader.

Why RoboMarkets or XM ?

Traders who want to trade on MT4 and its successor MT5 can find these platforms at either broker. Traders who want to trade on a web trader, with many markets to trade, can find R Trader at RoboMarkets. Traders who want to trade a relatively large number of markets including Stocks CFDs on MT5, may do so at XM (both brokers have Stocks CFD on MT5, but XM has considerably more). Both brokers offer cent accounts with very low minimum trade sizes, though XM has a lower minimum deposit.

Comparison summary

  • Both brokers offer MT5 and MT5
  • RoboMarkets additionally provides R Trader
  • XM offers more markets on MT5 (1000+)
  • On R Trader, RoboMarkets has many more markets to trade overall (11,000+)
  • Each offers a cent account with low minimum trade sizes
  • XM has a lower minimum deposit ($5 vs $100)


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