Compare USGFX vs XM

Compare USGFX vs XM

USGFX vs XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT560+ASIC
$5MT4, MT5700+FCA, ASIC, CySEC

USGFX and XM Comparison

Both brokers offer STP/ECN trading. They each offer a range of account types. USGFX additionally provides accounts which have a larger minimum deposit. Both allow scalping, news trading and EAs.

These broker offer MT4 and MT5. XM can offer more markets to trade. Both brokers are regulated by the ASIC in Australia. XM is additionally regulated by the FCA in the United Kingdom and the CySEC in Cyprus.

ECN conditions

Both brokers offer STP/ECN trading.

Quick comparison

Both offer STP/ECN trading on MT4. USGFX also offers this on MT5. XM has a range of other account types on MT4 and MT5.

Minimum deposit and account types

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

  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX offers Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.
  • 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.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. 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, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • USGFX offers Forex, Indices, Energy, Cryptocurrencie and Precious Metals, with 60+ available.
  • XM offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 700+ available on MT5, there are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex, Gold and Silver, with 55+.

XM has more Currency Pairs available, with 60+ available versus 20+ at USGFX.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage and spreads

Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1. Maximum leverage for XM (ASIC regulated) is 500:1. Maximum leverage for XM (FCA or CySEC regulated) is .

  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.40 for Gold and 0.05 for US Crude Oil. XM also offers Futures, with UK100 spreads from 4.5.
  • For the XM Zero account, spreads have a low of 0 for EUR/USD, plus commission. On the XM Zero account Gold has an average spread of 0.21.

Commission charge

  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.
  • The XM Zero account charges commission of $3.5 per lot per side.

Platform

Both brokers offer MT4 and MT5, desktop and apps. USGFX also offers a web trader based on MT4. XM also provides MT4 and MT5 based web traders.

Comparison summary

  • Both brokers provide STP/ECN trading
  • Each has a range of account types
  • USGFX offers account types with a higher minimum deposit
  • XM has a very low minimum deposit, but a higher one for its STP/ECN account
  • Both brokers have the same minimum deposit for STP/ECN trading
  • XM can offer Forex trading without a commission charge (as well as with)
  • They are both ASIC regulated
  • Each has MT4 and MT5

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