Trade360 vs XM Comparison

Trade360 vs XM Broker Comparison

Trade360 versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$500MT4, ParagonEx120+CySEC
$5MT4, MT5700+FCA, ASIC, CySEC

Trade360 and XM Comparison - XM provides ECN trading and non-ECN trading, Trade360 offers fixed spreads and crowd trading

These brokers both offer a range of platform for traders. Trade360 provides the ParagonEx platform, which has crowd trading features. It also offers fixed spreads. Trade360 also provides MT4, but not for all account holder. XM on the other hand, has a much lower minimum deposit and provides both MT4 and MT5. It also offers ECN trading, with low spreads and a commission charge, for a higher minimum deposit (which is still less than the minimum deposit for Trade360).

Thus ECN and non-ECN traders can use XM, but only non-ECN trader can use Trade360, however Trade360 offers the ParagonEx platform for its traders, as well as MT4. Both brokers are regulated by the CySEC in Cyprus. XM is additionally regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Trade360 has MT4 and crowd trading on ParagonEx. XM has MT4 and MT5 and provides accounts including STP/ECN.

Minimum deposit and account types

The minimum deposit for Trade360 is $500 and the minimum deposit for XM is $5.

  • Trade360 provides six account types with different minimum deposits, Mini, Standard360, Gold, Platinum, VIP and Islamic360. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 account is $1000 (the minimum deposit for the StandardMT4 account is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000. The minimum trade size ranges from 0.05 lots for the Mini account to 5 lots for the VIP account.
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 Live Chat and Whatsapp Support. The Gold, Platinum and VIP accounts offer additionally personal push and SMS Notifications, exclusive market updates and SMS trading signals.
  • 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 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.

Markets

  • Trade360 offers Currency Pairs, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks and ETFs, with 120+ available.
  • XM offers Currency Pairs, Indices, Metals, Energy and Soft Commodities CFDs on MT4, with 100+ available. On MT5 it also provides Stocks CFD and a range of Cryptocurrency CFDs, for a total of 700+.

Cryptocurrency CFDs

  • Trade360 provides Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, Bitcoin Gold, Ethereum Classic, Monero, EOS, OmiseGO, Iota, Zcash, Aventus, QTUM, Neo, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.
  • XM provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Trade360's spreads are fixed. EUR/USD spreads are 1.8, DAX30 spreads are 3.8, Gold spreads are 0.45 and Oil spreads are 0.05.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Maximum leverage at Trade360 is . Maximum leverage at XM (FCA or CySEC regulated) is .

Commissions

XM charges a commission of $3.5 per lot per side on its XM Zero account.

Platform

  • Trade360's ParagonEx platform offers over 50 technical indicators, providing candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts and time frames from tick to 1 month.
  • Trade360 offers trading down to half a mini lot, XM offers micro lot trading.
  • Both brokers offers MT4, but UFX requires a minimum deposit of $1,000 to get it and XM requires a minimum deposit of $5 to get it.
  • Trade360 provide a news feed which aims to capture market event and the actions and reactions of traders to them, called the Live CrowdTrading Feed.
  • XM offers MT5, which provides Level II pricing.

Comparison summary

  • Trad360 provides the ParagonEx platform with crowd trading
  • Trade360 also offers MT4, for some account types
  • XM provides both MT4 and MT5
  • Trade360 offers fixed spreads
  • XM offers variable spreads, either with or without a commission charge
  • XM can provide very low spreads with a commission charge
  • Both brokers provide a range of markets to trade
  • Trade360 and XM are regulated by the CySEC, XM is also regulated by the FCA and the ASIC

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