| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Titan FX | $200 Minimum Deposit | MT4, MT5 Trading Platforms | 220+ Markets To Trade | Titan FX offers high speed order execution supporting a wide range of trading styles including automated trading and scalping About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | XM offer a Micro account with very low trade sizes and allows Expert Advisors on MT4 and MT5 About |
Titan FX and XM Comparison
Both brokers offer MT4 and MT5. Titan FX is an ECN broker. Overall, XM has more markets to trade on MT5 but both have a similar number of MT5. XM has a very low minimum deposit of $5 and can offer very low trade sizes on its Micro (cent) account.
Quick comparison
Both brokers offer MT4 and MT5. XM has more markets to trade. Titan FX is an ECN broker.
Minimum deposit and account types
The minimum deposit for Titan FX is $200. The minimum deposit is $5 for XM.
- 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 market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports signal trading via MetaTrader.
- 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 CySEC regulated offers three account types, the Micro, Standard and XM Zero accounts, all with minimum deposits of $5. 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
- Titan FX offers 220+, covering Forex pairs, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks.
- XM offers 1000+, covering Forex pairs, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks. The XM Zero account has Forex pairs, Gold and Silver, offering 55+.
| Broker | Trading Platforms | Description |
|---|---|---|
| XM Broker | MT4, MT5 Trading Platforms | XM provides a Cent tyoe account (its Micro account) with very low trade sizes and has a $5 minimum depoit Description |
| Titan FX Broker | MT4, MT5 Trading Platforms | Titan FX has ECN infrastructure to support trading styles such as automated trading and scalping Description |
Spreads and leverage
Titan FX provides Forex spreads from 0 with a commission charge and from 1 without a commission charge. XM offers Forex spreads from 0 with a commission charge (XM Zero) and from 1 (Standard) and 0.6 (Ultra Low) without a commission charge.
The maximum leverage for Titan FX is 1000:1. The maximum leverage for XM Global (IFSC regulated) is 888:1. The maximum leverage for XM (CySEC and ASIC 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 side on its XM Zero account.
Online trading platforms
Both brokers provide MT4 and MT5. These platforms are available on desktop, tablet and mobile.
Why Titan FX or XM ?
Trader who wish to trade on MetaTrader 4 (MT4) or MetaTrader 5 (MT5) may do so at either broker. Traders who want to trade with an ECN broker may do so at Titan FX. Both brokers allow the use of online trading robots (EAs). Traders who want to trade Forex may do so at either broker. XM has a wider range of markets and more on offer, particularly on MT5, where it provides a relatively large number of Stocks CFDs for an MT5 broker. Traders who want to trade with a low minimum trade size and minimum deposit, can do so at XM, which has a Micro (cent) account.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4 and MT5
- XM has more markets to trade overall
- Titan FX is an ECN broker
- XM provides a Micro (cent) account with low trade sizes and a $5 minimum deposit
