ITRADER vs XM Comparison

ITRADER vs XM Broker Comparison

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

ITRADER and XM Comparison

ITRADER and XM both offer MetaTrader 4 (MT4). XM additionally provides MetaTrader 5 (MT5), the successor to MT4. Overall, XM can provide more markets to trade. XM has a Cent account which lets the trader trade with very small trade sizes and has a smaller minimum deposit.

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 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.
  • 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

  • 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 provides Forex spreads from 0.7. XM offers Forex spreads from 0.6 on its Ultra Low account and from 1 on its Standard account without a commission charge and from 0 plus a commission charge on is XM Zero account.

Maximum leverage for ITRADER is . Maximum leverage for XM (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.

Online trading platforms

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

Why ITRADER or XM ?

Traders who want to trade on MetaTrader 4 (MT4) can do so at either broker. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 may do so at XM. Traders who want to trade on accounts a very low minimum deposit and with very low minimum trade sizes can do so at XM.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • XM additionally provides MT5
  • XM has a Cent account
  • ITRADER offers account types with extra features for higher minimum deposit
  • XM has a lower minimum deposit

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