easyMarkets vs XM Comparison

easyMarkets vs XM Broker Comparison

easyMarkets versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+CySEC, ASIC
$5MT4, MT51000+CySEC, ASIC, IFSC

easyMarkets and XM Comparison

XM has a very low minimum deposit and offers a cent account which lets the trader trade with small trade sizes. easyMarkets provides fixed spread trading, with spreads available which can be lower on higher account types, requiring a higher deposit. XM provides variable spread trading. Both brokers allow scalping, hedging and EAs.

easyMarkets offers a user friendly web trader (and apps). XM provides MT4 and MT5. On MT5, XM offers considerably more markets than easyMarkets, though easyMarkets has more Forex pairs overall.

easyMarkets is regulated by the CySEC in Cyprus and the ASIC in Australia. XM is regulated by the CySEC, the ASIC and the IFSC in Belize.

Quick comparison

Both brokers offer MT4, easyMarkets additionally offers a web trader and apps. XM provides MT5 on which it can offer more markets to trade.

Minimum deposit and account types

The minimum deposit for easyMarkets is $100 and the minimum deposit for XM is $5.

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. The minimum trade size is 0.01 lots.
  • 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 to trade

  • easyMarkets provides 200+ CFDs covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks and Options. easyMarkets offers 135+ Forex pairs along with FX Forwards and Options.
  • XM offers 1000+ CFDs covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks. XM offers 60+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • Spreads at easyMarkets are fixed and are from 1 for EUR/USD, 2 for UK100, 0.35 for Gold and 0.04 for US Oil.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.4 for Gold and 0.05 for US Crude Oil. The Ultra Low account has Forex spread from 0.6.
  • For the XM Zero account, spreads have a low of 0 for EUR/USD. On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for easyMarkets (CySEC regulated) is . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • easyMarkets does not charge commissions. The XM Zero account charges commission of $3.5 per lot per side.

Online trading platforms

easyMarkets provides a web trader. Both brokers offer MT4. XM also provides MT5. These platforms are available for desktop, tablet and mobile.

Why easyMarkets or XM ?

Traders who want to trade on a user friendly web trader may do so at easyMarkets. Those who want to trade on MT4 (and use EAs) may do this at either broker. Traders who want to trade with the successor platform to MT4 can trade on MT5 at XM. While both brokers offer Stocks CFD to trade, XM has considerably more. XM additionally offers a Micro (cent) account which offers very small trade sizes and has a low minimum deposit.

Comparison summary

  • Both brokers offer CFD trading
  • easyMarkets provides fixed spreads
  • XM offers variable spreads
  • Each broker offers MT4
  • XM additionally provides MT5
  • easyMarkets offers a user friendly web trader
  • XM has a lower minimum deposit and provides a cent account

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