FXTM vs. XM Broker Comparison

FXTM vs. XM Broker Comparison

FXTM versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5250+FCA, CySEC, FSCA, FSC
$5MT4, MT5700+FCA, CySEC, ASIC

FXTM and XM Comparison

Both brokers offer MT4 and MT5. FXTM provides instant execution and market execution accounts, its market execution are STP/ECN accounts. XM offers STP market execution on all its accounts and also provides an STP/ECN account. Both brokers have a very low minimum deposit for some of their account types. However FXTM has a higher minimum deposit for STP/ECN trading than XM ($200 vs $100). Both FXTM and XM are regulated by the CySEC in Cyprus and by the FCA in the United Kingdom. FXTM is additionally regulated by the FSC in Mauritius and is licensed by the FSCA in South Africa. XM is additionally regulated by the ASIC in Australia.

Quick comparison

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

Minimum deposit and account types

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

  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • 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. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more markets on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.
  • XM offers 100+ covering Forex, Energy, Indices, Metals 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.

Spreads and leverage

  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.
  • 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 FXTM (FCA or CySEC regulated) is . Maximum leverage for XM (FCA or 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. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.
  • 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.

Platform

Both brokers offer MT4 and MT5, which are available on desktop, mobile and tablet.

FXTM and XM offer micro lot trading.

Comparison summary

  • Both brokers can offer low ECN spreads, with a commission charge
  • Additionally, they can offer accounts with no commission charge
  • For a higher deposit, FXTM can provide an account with low ECN spreads and no commission charge
  • Both brokers offer MT4 and MT5
  • Each has a low minimum deposit of $5 for some accounts
  • For STP/ECN trading, XM has a lower minimum deposit

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