Trade360 vs XM Comparison

Trade360 vs XM Broker Comparison

Trade360 versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$500MT5, ParagonEx450+CySEC
$5MT5, MT41000+ASIC, CySEC, IFSC

Trade360 and XM Comparison

Trade360 provides the ParagonEx platform, which has crowd trading features. It also offers fixed spreads. Trade360 also provides MT5. XM on the other hand has a much lower minimum deposit for its Micro (cent) and Standard accounts and provides both MT4 and MT5. XM also offers its XM Zero account (at XM CySEC regulated), which can have low spreads plus a commission charge, for a higher minimum deposit (which is less than the minimum deposit for Trade360).

Both brokers are regulated by the CySEC in Cyprus. XM is additionally regulated by the ASIC in Australia and the IFSC in Belize.

Quick comparison

Trade360 has MT5 and crowd trading on ParagonEx. XM has MT4 and MT5 and provides accounts including a Micro (cent) account.

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 StandardMT5 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. MT5 is available for all account types except the Mini account. The Gold, Platinum, Islamic and VIP accounts offer additionally personal push and SMS notifications and exclusive market updates. Trade360 offers Trading Central.
  • 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.
  • 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

  • Trade360 offers Currency Pairs, Indices, Metals, Energy, Soft Commodities, Stocks and ETFs, with 450+ available.
  • XM offers Currency Pairs, Indices, Metals, Energy, Soft Commodities, Stocks and Cryptocurrencies, with 1000+ available.

Cryptocurrency CFDs

  • XM provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

Trade360 offers Forex spreads from 1.6 (fixed) without a commission charge. XM provides Forex spreads from 1 (variable) on its Standard account without a commission charge, 0.6 (variable) on its Ultra Low account without a commission charge and from 0 (variable) plus a commission charge on its XM Zero account.

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.

Online trading platforms

  • Trade360 provides ParagonEx.
  • Both brokers offer MT5, but Trade360 requires a minimum deposit of $5,000 for this platform and XM requires a minimum deposit of $5 for this platform.
  • Trade360 provide a crowd trading news feed which aims to capture market event and the actions and reactions of the crowd of traders to them, called the Live CrowdTrading Feed.
  • Trade360 offers trading down to half a mini lot (0.05 lots), XM offers a Micro (cent) account which has a minimum trade size of 0.0001 lots.
  • XM offers MT4.

Why Trade360 or XM ?

Traders who want to trade on MT5 may do so at either broker, though Trade360 has a higher minimum deposit for this platform. Trader who want to trade on MT4, can find this platform at XM. Traders who wish to trade on a user friendly platform with crowd trading information to potentially help inform their trading, may do so at Trade360.

Comparison summary

  • Trad360 provides the user friendly ParagonEx platform
  • Trade360 also offers MT5, for some account types
  • XM provides both MT4 and MT5
  • XM has a lower minimum deposit
  • XM offers variable spreads, either with or without a commission charge
  • XM offers a Micro (cent) account which has very small trade sizes
  • Trade360 provides a crowd trading news feed on ParagonEx

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