Titan FX vs XM Comparison

Titan FX vs XM Broker Comparison

Titan FX versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT470+VFSC
$5MT4, MT5700+FCA, ASIC, CySEC

Titan FX and XM Comparison

Titan FX is an ECN broker. XM offers STP trading, including an STP/ECN account with low spreads plus a commission charge. XM can offer a similar number of markets to Titan FX on its STP/ECN account, but on its other STP accounts, offers more (with over 700 on MT5). XM has a very low minimum deposit of $5, but for STP/ECN trading it is $100 (still less than Titan FX).

XM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. Titan FX is regulated by the VFSC in Vanuatu.

Quick comparison

Titan FX and XM both offer a similar number of markets on MT4. On MT5, for its STP accounts, XM has considerably more, while it has a similar number for STP/ECN trading on MT5. XM offers a relatively large number of markets on MT5, but they are more comparable when considering MT4. Both have no dealing desk intervention.

Minimum deposit and account types

The minimum deposit for Titan FX is $200. The minimum deposit is $5 for XM, except for its XM Zero account where it is $100.

  • Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre.
  • Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
  • Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).
  • 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 provides no dealing desk trading. XM allows scalping, hedging and EAs.
  • 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. 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

Account currencies for Titan FX are: USD, AUD, EUR, SGD and JPY. Account currencies for XM's Micro and Standard accounts are: USD, EUR, GBP, CHF,‎ AUD, HUF and PLN. For the XM Zero account, account currencies are: USD and EUR.

Markets

  • Titan FX offers 70+ (on MT4), covering Forex pairs, Indices, Energy and Precious Metals.
  • XM offers 100+, covering Forex pairs, Indices, Energy, Metals and Soft Commodities on MT4 and on MT5 additionally offers Cryptocurrency CFDs and Shares CFDs, for a total of 700+. The XM Zero account has Forex pairs, Gold and Silver, offering 55+.

Spreads and leverage

  • Spreads at Titan FX are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1.6 for UK100, 0.2 for Gold and 0.06 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.

The maximum leverage for Titan FX is 500:1. The maximum leverage for XM (ASIC regulated) 500:1. The maximum leverage for XM (FCA or CySEC regulated) is

Commissions

  • Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.
  • XM charges a commission of $3.50 per lot per leg on its XM Zero account.

Platforms

Both brokers provide MT4. XM also offers MT5. These platforms are available on desktop, tablet and mobile.

Why Titan FX or XM ?

Titan FX is an ECN MT4 broker. XM has a range of account types, including STP/ECN and offers MT4 and MT5.

Comparison summary

  • Titan FX has a focus on providing ECN trading, using Equinix NY4 for low latency order transmission
  • XM offers STP trading and an STP/ECN account
  • Both support automated and discretionary trading
  • These brokers allow scalping, hedging and EAs
  • Both brokers offer MT4, XM also provides MT5
  • While Titan FX and XM provide a range of markets, XM can also offer Stocks CFDs on MT5
  • XM has more markets than Titan FX overall
  • They have a similar number on MT4
  • XM has slightly more on its STP MT4 account than Titan FX, but slightly less on its STP/ECN MT4 (and MT5) account
  • XM has considerably more markets on STP MT5 (the bulk being Stocks CFDs)
  • XM has a relatively large number of markets for an STP broker, on MT5
  • Titan FX has a competitive number of markets for an ECN Forex broker

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