RoboForex vs XM Comparison - CFD Broker Comparison

RoboForex vs XM | Broker Comparison

RoboForex vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5, cTrader, R Trader9,000+IFSC
$5MT4, MT51000+IFSC, CySEC, ASIC

RoboForex vs XM Comparison

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 Trader.

XM has considerably more markets available to trade on MT5, as this is the platform where it offers Stocks CFDs. However on R Trader, which is where RoboForex provides Stocks CFDs, RoboForex has many more (9,000+ 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 Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader 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 Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R Trader Strategy Builder for building robots. RoboForex allows EAs and scalping.
  • 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

  • RoboForex offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals, Stocks and ETFs, for a total of 9,000+.
  • XM offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, 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, Ripple, Bitcoin Cash, Dash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

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 (ASIC regulated) is 500:1. 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 Trader.

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 Trader. 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 Trader 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 Trader and cTrader
  • Each offers a cent type account, with a low minimum deposit and trade size
  • On R Trader, 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)

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