Broker to Trading

Both of these brokers offer MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5). FXPRIMUS additionally provides cTrader. Each has a Cent account with low minimum trade sizes, however XM has a lower minimum deposit ($5).

MT4 and MT5's online trading robots are called Expert Advisors (EAs) and these will execute trades as defined by the rules of their automated trading strategies. Traders can use EAs which have already been built and can also modify strategies and even build them themselves.

While MT4 and MT5 have technical indicators built into the platform, traders can also modify and create indicators. Indicators can be used by non-automated traders as they provide a basis for charting analysis, but are also the basis of many automated trading strategies, which essentially replicate the process of trading on an indicator signal, as a computer program.

FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.

XM is regulated by the CySEC in Cyprus, the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both brokers offer MT4 and MT5. FXPRIMUS additionally provides cTrader. Both offer a Cent account. XM has a lower minimum deposit.

Minimum deposit and account types

The minimum deposit for FXPRIMUS is $15. The minimum deposit for XM is $5.

• FXPRIMUS offers its PrimusCENT, PrimusCLASSIC, PrimusPRO and PrimusZERO accounts. The PRIMUSCent and PRIMUSClassic accounts have a minimum deposit of $15. The PrimusPRO account has a minimum deposit of $500 and the PRIMUSZero account has a minimum deposit of $1000. The PrimusPRO and PrimusZERO accounts have commission charges, and the PrimusZERO account offers spreads 0, plus commission. FXPRIMUS provides traders education, an economic calendar and trading tools for all its clients. The minimum trade size is 0.0001 lots.
• XM CySEC regulated offers three account types, the Micro, Standard and XM Zero accounts, all with minimum deposits of $5. 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

• FXPRIMUS offers Forex, Indices, Energy, Stocks, Metals and Cryptocurrencies, with 1000+ available.
• XM offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 1000+ available on MT5.

Cryptocurrency CFDs

• FXPRIMUS offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Satoshi and IOTA.
• XM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Aave, Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, Chainlink, OmiseGO, SKALE, Solana, Storj, Sushi, Stellar and Ox.

Spreads and leverage

• Both brokers can offer low Forex spreads plus a commission charge as well as higher Forex spreads without a commission charge.

Maximum leverage for FXPRIMUS (VFSC regulated) is 1000:1. Maximum leverage for XM (IFSC regulated) is 888:1.

Commissions

• FXPRIMUS charges a commission of $5 per lot round trip on its PrimusZERO Account and $8 (MT5) and $10 (MT4) round trip on its PrimusPRO account.
• The XM Zero account charges commission of $3.5 per lot per side.

Online trading platforms

FXPRIMUS offers MT4, MT5 and cTrader. XM provides MT4 and MT5.

Why FXPRIMUS or XM ?

Traders who want to trade on MT4 or MT5 can do so at either broker. Traders who want to trade on cTrader can do this at FXPRIMUS. Traders who want to use EA robots can do this at either broker. Traders who want to trade on a Cent account may also do so at either broker. Traders who want to trade at a broker with a low minimum deposit, can do this at XM, which has a $5 minimum deposit.

Comparison summary

• Both brokers provide CFD trading
• Each broker offers MT4 and MT5
• FXPRIMUS additionally provides cTrader
• Both provide a Cent account
• XM has a lower minimum deposit ($5)