easyMarkets vs XM Comparison

easyMarkets vs XM Broker Comparison

easyMarkets versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps300+CySEC, ASIC
$5MT4, MT5700+CySEC, ASIC, FCA

easyMarkets and XM Comparison

XM has a very low minimum deposit, available for two of its account types. For one of its account types, it has the same minimum deposit as easyMarkets. easyMarkets has a range of account types, offering different levels of service, in return for a higher minimum deposit. easyMarkets provides fixed spread trading, with spreads available which can be lower on higher account types, requiring a higher deposit.

A notable difference between the two brokers is that XM provides variable spread trading, with both commission free trading and trading with a commission charge. XM's account with a commission charge can offer low variable spreads, and is the account type with the higher minimum deposit. Both brokers allow scalping, hedging and EAs. easyMarkets is regulated by the CySEC in Cyprus and the ASIC in Australia. XM is regulated by the CySEC, the ASIC and the FCA in the United Kingdom.

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 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. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • easyMarkets provides 300+ CFDs covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Options. easyMarkets offers 135+ Forex pairs along with FX Forwards and Options.
  • XM offers 700+ 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. XM also offers Futures, with UK100 spreads from 4.5.
  • 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 (FCA or CySEC regulated) is .

Commissions

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

Platforms

Both brokers offer MT4. XM also offers MT5. These platforms are available for desktop, tablet and mobile.

Comparison summary

  • easyMarkets provides fixed spread trading without a commission charge
  • easyMarkets's fixed spreads get more competitive with higher deposit account types
  • Both brokers offer a range of markets, XM also provides Stocks, easyMarkets also offer Options
  • XM has a very low minimum deposit, but a higher one for its XM Zero account
  • XM can offer very low variable spreads with a commission charge
  • XM can also offer higher variable spreads without a commission charge
  • Both brokers are regulated by the CySEC and the ASIC, XM is also regulated by the FCA

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