Broker to Trading

Both of these brokers offer a range of account types, including a cent account which has very low trade sizes. Each has a very low minimum deposit ($10 for RoboForex and $5 for XM). Both brokers offer MT4 and MT5. RoboForex additionally provides the cTrader platform and R StocksTrader.

XM has considerably more markets available to trade on MT5, as this is the platform where it offers Stocks CFDs. However on R StocksTrader, which is where RoboForex provides Stocks CFDs, RoboForex has many more (12,000+ vs 1000+). But for an MT5 broker, XM has a particularly large offering of markets to trade.

Both brokers allow automated trading and provide ECN type accounts and platforms to support this kind of trading.

RoboForex is regulated by the IFSC in Belize. XM is regulated by the IFSC in Belize, the CySEC in Cyprus and the ASIC in Australia.

ECN trading conditions

Each offer accounts which may provide very low Forex spreads, plus a commission charge.

Quick comparison

These brokers offer a range of account types including cent, a low minimum deposit and a significant number of markets to trade.

Minimum deposit and account types

The minimum deposit for RoboForex is $10. The minimum deposit for XM is $5.

RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
RoboForex's minimum deposit for all accounts except R StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
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

• RoboForex offers Forex, Indices, Energy, Soft Commodities, Metals, Stocks, Cryptocurrencies and ETFs, with 12,000+ available.
• XM offers Forex, Indices, Energy, Soft Commodities, Metals, Stocks and Cryptocurrencies, with 1000+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex, Gold and Silver, with 55+.

RoboForex provides 45+ Forex pairs. XM provides 60+ Forex pairs.

Cryptocurrency CFDs

• RoboForex offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Cardano, Algorand, Solana, Chainlink, Avalanche, Uniswap, Polkadot, Polygon, Dogecoin, Monero, Tron, Cosmos, Terra, Decentraland and Binance Coin CFDs.
• XM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Cardano, Algorand, Solana, Chainlink, Avalanche, Aave, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, OmiseGO, SKALE, Storj, Sushi and Ox CFDs.

Spreads and leverage

• Both brokers have Forex spreads from 0.1 plus a commission charge. Each broker can also provide Forex spreads without a commission charge, from 0.6 for XM and 1.3 for RoboForex.

Maximum leverage for RoboForex (IFSC regulated) is 2000:1. Maximum leverage for XM Global (IFSC regulated) is 888:1. Maximum leverage for XM (CySEC regulated) is .

Commissions

• RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
• The XM Zero account charges commission of $3.5 per lot per side.

Trading Platforms

Both offer MT4 and MT5. RoboForex additionally provides cTrader and R StocksTrader.

Why RoboForex or XM ?

Traders who want to trade on MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5) can do so at either broker. RoboForex additionally provides cTrader and R StocksTrader. Those who want to trade with low minimum trade sizes and use an account with a low minimum deposit may do so at either broker. Those who want to trade a large number of Stocks CFDs can do so on RoboForex's R StocksTrader platform, however XM offers an unusually large number of Stocks CFDs on MT5.

Comparison summary

• Both brokers offer MT4 and MT5
• RoboForex additionally provides R StocksTrader and cTrader
• Each offers a cent type account, with a low minimum deposit and trade size
• On R StocksTrader, RoboForex has many more markets to trade overall
• MT5 vs MT5, XM offers considerably more markets to trade
• XM has a slightly lower minimum deposit ($5 vs $10)