FXGiants vs XM Comparison

FXGiants vs XM Broker Comparison

FXGiants versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$5MT4, MT51000+ASIC, CySEC, IFSC

FXGiants and XM Comparison

Both of these brokers offer MT4 and a range of account types. FXGiants has more account types, as it offers different variations on types of spreads available. XM though also provides MT5 and on this platform can offer more markets than FXGiants. Both brokers are regulated by the ASIC in Australia. XM is also regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick comparison

Both offer MT4 and a range of account types. XM also provides MT5 and more markets.

Minimum deposit and account types

The minimum deposit for FXGiants's ECN accounts is $500. The minimum deposit for XM is $500.

  • FXGiants offers two ECN accounts, the STP/ECN No Commission account and the STP/ECN 0 Spread account, both with a minimum deposit of $500. FXGiants also provides other non-ECN accounts which have instant rather than market execution, with a minimum deposit from $100. FXGiants offers economic news and an economic calendar on its website.
  • 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

  • FXGiants provides 200+ covering Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies, Stocks and Futures.
  • XM offers 100+ covering Forex, Energy, Indices, Metals, Energy and Soft Commodities on MT4 and 1000+ on MT5, since it also includes Cryptocurrencies and Stock CFDs. The XM Zero account provides Forex pairs, Gold and Silver, with 55+.

Cryptocurrency CFDs

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

Spreads and leverage

  • STP/ECN account spreads at FXGiants are variable and are from 1.7 for EUR/USD on the STP/ECN No Commission account and 0.0 on the STP/ECN 0 spread account, and from around 1 for UK100, 0.50 for Gold on the STP/ECN No Commission account and 0.15 on the STP/ECN 0 Spread account, and 0.04 for US Crude Oil. FXGiants also offers non-ECN spreads from 1.8 fixed and 0.7 variable for EUR/USD without a commission charge and 0 fixed for EUR/USD with a commission charge.
  • 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 EUR/USD spreads from 0.6.
  • For the XM Zero accounts, 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 FXGiants (FCA regulated) is . Maximum leverage for XM (CySEC regulated) is . Maximum leverage for FXGiants (ASIC regulated) is 500:1. Maximum leverage for XM Global is 888:1.

Commissions

  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account.
  • XM charges a commission of $3.5 per lot per side on the XM Zero account. Commissions are charged only on the XM Zero account and therefore only for Forex pairs, Gold and Silver.

Online trading platforms

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

Why FXGiants or XM ?

Traders who want to trade on MT4 can find this platform at either broker. Each broker lets the trader use EAs (online trading robots). Traders who wish to use the successor to MT4, MT5, can find this platform at XM. On MT5, XM has more markets than FXGiants, as it offers a relatively large number of Stocks CFDs for an MT5 broker.

Comparison summary

  • Both brokers have a range of account types
  • FXGiants offers STP/ECN accounts some with and some without a commission charge
  • On its XM Zero account (available at CySEC regulated XM), XM can offer low spreads plus a commission charge
  • FXGiants has more markets on MT4
  • On MT5, XM can provide more markets
  • XM offers a cent account with very low minimum trade sizes

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