ITRADER vs XM Comparison

ITRADER vs XM Broker Comparison

ITRADER versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
$5MT4, MT51000+FCA, ASIC CySEC

ITRADER and XM Comparison

ITRADER provides a range of account types with different features depending on the minimum deposit. It offers variable spreads which can be lower with higher account types. XM provides two accounts with a low minimum deposit which offer commission free trading and one account with a higher minimum deposit which can provide low spreads with a commission charge added. Both ITRADER and XM are regulated by the CySEC. XM is additionally regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT4, XM also provides MT5. XM can offer more markets to trade and has a lower minimum deposit.

Account types and minimum deposit

The minimum deposit for ITRADER is $250. The minimum deposit for XM is $/£5.

  • The minimum deposit for ITRADER is $250. ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.
  • XM 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 of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions.
  • XM offers free VPS for clients who have a minimum balance of $5000 in their account, terms and conditions apply. For clients who do not meet the conditions for a free VPS, it is available for a monthly fee of $28. XM also offers a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • ITRADER provides Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies, with 200+ available.
  • XM provides Currency Pairs, Indices, Commodities, Stocks and Cryptocurrencies, with 1000+ available on MT5 (MT4 does not have Stocks or Cryptocurrency CFDs and has 100+ markets).

Cryptocurrency CFDs

  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, DASH, Bitcoin Gold, Ethereum Classic, Monero, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.
  • 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 account, EUR/USD has an average spread of 0.1 (but can reach a low of 0). On the XM Zero account Gold has an average spread of 0.21.

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

Commissions

ITRADER does not charge commissions. XM charges a commission of $3.5 per lot per leg on its XM Zero account.

Platform

Both brokers provide MT4. XM also provides MT5. These platforms are available on desktop, tablet and mobile.

Comparison summary

  • ITRADER provide variable spreads which can be tighter with higher account types
  • XM provides variable spreads with or without a commission charge
  • XM's lowest spreads are on its XM Zero account, plus a commission charge
  • Both brokers offer a range of markets
  • ITRADER and XM provide MT4, XM also provides MT5
  • XM has a lower minimum deposit
  • Both brokers are regulated by the CySEC, XM is additionally regulated by the FCA and the ASIC

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