FXTM vs. XM Broker Comparison

FXTM vs. XM Broker Comparison

FXTM versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$5MT4, MT51000+CySEC, ASIC, IFSC

FXTM and XM Comparison

These brokers each offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT5 is the successor to MT4. Each allows the trader to use automated trading with online trading robots (EAs).

On MT5, XM has more markets to trade than FXTM. Each provides cent accounts, which allow the trader to trade with very low trade sizes, thus enabling a trader to potentially trade with a low account size, and indeed each has a very low minimum deposit.

Both FXTM and XM are regulated by the CySEC in Cyprus. FXTM is additionally regulated by the FCA in the United Kingdom and the FSC in Mauritius and is licensed by the FSCA in South Africa. XM is additionally regulated by the ASIC in Australia and the IFSC in Belize.

Quick comparison

Both offer a range of account types, including cent accounts. Each has MT4 and MT5. XM can offer more markets to trade.

Minimum deposit and account types

The minimum deposit for FXTM is $10 and for ECN trading with a commission charge is $/€/£500 or ₦20,000. The minimum deposit for XM is $5.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 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. 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

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • XM offers Forex, Metals, Energy, Indices, Stocks and Cryptocurrencies, with 1000+ available.

Spreads and leverage

On FXTM's Standard account, Forex spreads are from 1.3 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge). On XM's Ultra Low account, Forex spreads are from 0.6. On the XM Zero account, Forex spreads are from 0 plus a commission charge.

Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. The commission is charges for the ECN 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 and MT5, which are available on desktop, mobile and tablet.

FXTM and XM offer micro lot trading (0.01 lots) and allow smaller trade sizes down to 0.0001 lots on their cent accounts.

Why FXTM or XM ?

Traders who want to trade on MT4 or its successor MT5 may do so at either broker. FXTM has a range of ECN accounts, and at XM CySEC regulated, XM provides the XM Zero account, which can offer low spreads plus a commission charge. Each provides cent accounts, which allow the trader to trade with very small trade sizes. Traders may trade Stocks CFDs at both brokers, however XM offers more.

Comparison summary

  • Both brokers offer CFD trading
  • Each offers a cent account, with very low trade sizes
  • Both have a very low minimum deposit
  • Each provides MT4 and MT5
  • XM can offer more markets on MT5

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