Compare USGFX vs XM

Compare USGFX vs XM

USGFX vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT560+ASIC
$5MT4, MT51000+ASIC, CySEC, IFSC

USGFX and XM Comparison

These brokers each offer MetaTrader 4 (MT4) and its successor platform MetaTrader 5 (MT5). Each allows the trader to use automated trading with Expert Advisors (EAs). On MT5, XM offers considerably more markets than USGFX. XM has a Micro (cent type) account, which lets it offer very low minimum trade sizes.

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

ECN conditions

Both brokers allow scalping, hedging and EAs.

Quick comparison

Both offer MT4 and MT5. XM offers a cent account and has a lower minimum deposit.

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 available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.
  • 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. 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

  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.
  • XM offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 1000+ 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 (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. The Ultra Low account has EUR/USD spreads from 0.6.
  • 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.

Online trading platforms

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.

Why USGFX or XM ?

Trader who want to trade on MT4 or MT5 may do so at either broker. Trader who want to trade a larger number of markets, particularly Stocks CFDs can do so at XM on MT5. Traders who want to trade with low trade sizes and a low minimum deposit may do so at XM, as it has a cent account.

Comparison summary

  • Both brokers offer MT4 and MT5
  • Both brokers allow the use of EAs
  • Each supports the trader who executes their own trades
  • XM has a Micro (cent type) account with low trade sizes
  • XM has a lower minimum deposit
  • USGFX offers a range of account types requiring higher minimum deposits
  • XM has a very low minimum deposit ($5)

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