FXGiants vs XM Comparison

FXGiants vs XM Broker Comparison

FXGiants versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
$5MT4, MT5700+FCA, ASIC, CySEC

FXGiants and XM Comparison

Both of these brokers offer MT4 and a range of account types, including STP/ECN. FXGiants has more account types, as it takes pains to have 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 FCA in the United Kingdom and the ASIC in Australia. XM is also regulated by the CySEC in Cyprus.

Quick comparison

Both offer MT4, STP/ECN trading and other 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 provides 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 of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions, but these accounts operate under no dealing desk conditions. XM also offers a personal account manager, video tutorials, daily technical analysis, Forex market research, a daily Forex market outlook and daily Forex webinars.

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 700+ 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. XM also offers Futures, with UK100 spreads from 4.5.
  • 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 is .

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.

Platforms

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

Comparison summary

  • Both brokers can provide very low Forex and Precious Metals spreads with a commission charge
  • Both brokers can also provide trading without a commission charge, with higher Forex and Precious Metals spreads
  • XM has a low minimum deposit, but the same for its STP/ECN account as for FXGiants
  • Both offers MT4
  • XM also provides MT5
  • On MT5, XM has considerably more markets, as it offers Stocks CFDs

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