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+FCA, ASIC, CySEC

RoboForex vs XM Comparison

Both of these brokers offer a range of account types, including a cent account which has very low trade sizes, and ECN trading. 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 FCA in the United Kingdom, 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 and ECN trading platforms.

Quick comparison

These brokers offer a range of account types from cent to ECN, 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 RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.
  • 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.
  • 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

  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, 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 1 for XM and 1.3 for RoboForex.

Maximum leverage for RoboForex (IFSC regulated) is 2000:1 but maximum leverage for ECN trading is 300:1. Maximum leverage for XM (ASIC regulated) is 500:1. Maximum leverage for XM (FCA or 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 ?

These brokers are each accessible, offering low minimum deposits and cent accounts which allow very small trade sizes. RoboForex has more platforms and markets overall, though XM has more when MT5 is compared. Both allow automated trading.

Comparison summary

  • Both offer a range of account types, including a cent account
  • Both allow very small trade sizes
  • Each has a low minimum deposit
  • For R Trader, RoboForex has a higher minimum deposit, as does XM for its XM Zero account
  • RoboForex has more markets overall
  • XM has more markets on MT5
  • RoboForex is regulated by the IFSC in Belize, while XM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia

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