UFX vs. XM Broker Comparison

UFX vs. XM Broker Comparison

UFX versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT51000+FCA, CySEC, ASIC
$100MT4, ParagonEx450+CySEC

UFX and XM Comparison

XM and UFX both offer STP trading. XM is a no dealing desk broker, offering variable spreads, with or without a commission charge. UFX provides fixed spreads, without a commission charge, which can be lower with higher account types. In terms of platforms, XM has both MT4 and MT5, offering the most markets on MT5. Its STP/ECN account (which has a commission charge) has a reduced range of markets available. UFX does not offer STP/ECN trading, but does provide a web trader, ParagonEx, with a user friendly interface and a crowd trading news feed (crowd trading helps inform the trader about the activities of other traders, referenced to market events).

As an NDD STP MT4 and MT5 broker, XM has support for automated trading. As a broker with crowd trading, UFX has particular support for discretionary trading, by allowing the crowd to help inform the trader while making discretionary trading decisions. UFX also offers MT4 (so it does support automated trading as well). Both brokers are regulated by the CySEC in Cyprus. XM is additionally regulated by the CySEC, the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

UFX provides crowd trading on ParagonEx and also offers MT4. XM provides MT4 and MT5, and offers a range of account including an STP/ECN account.

Minimum deposit and account types

The minimum deposit for UFX is $100. The minimum deposit for XM is $5 (and $100 for its XM Zero account).

  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.
  • 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 allows scalping, hedging and EAs.
  • 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. 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

  • UFX offers 450+ covering Forex pairs, Indices, Metals, Energy, Soft Commodities, Stocks and ETFs.
  • XM offers 100+ covering Forex pairs, Indices, Metals, Energy and Soft Commodities on MT4 and 1000+ on MT5, as it also offers Cryptocurrency and Stock CFDs. The XM Zero account provides Forex pairs, Gold and Silver, with 55+ markets.

Cryptocurrency CFDs

  • XM provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.
  • 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 accounts, spreads have a low of 0 for EUR/USD. On the XM Zero account Gold has an average spread of 0.21.

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

Commissions

  • UFX does not charge a commission.
  • XM charges a commission of $3.5 per lot per side on the XM Zero account. Commissions are charged only on the XM Zero account and therefore only for Forex pairs, Gold and Silver.

Platforms

UFX provides the ParagonEx web trader, the UFX Trader App for mobile and MT4. UFX supports crowd trading on the ParagonEx platform, with a news feed which includes news about market events and the reactions of traders to them.

XM provides the MT4 and MT5 trading platforms, which are available on desktop, mobile and tablet.

Both brokers offer micro lot trading. Both UFX and XM say that accounts balances cannot go negative.

Comparison summary

These brokers provide a range of account types. XM's account types are based around types of trading, in that they can charge a commission or not charge a commission and can handle small trade sizes or large trade sizes and offer very low spreads with a commission charge, and provide different markets to trade.

UFX also bases its trade size on account types, but differs its accounts in terms of extra features offered. XM and UFX both offer small minimum trade sizes on one account types (0.0001 vs 0.0025). UFX offers fixed spreads which can be lower with higher account types.

A difference then between the two brokers is the types of spreads, namely variable with XM or fixed with UFX, which may be important depending of the style of trading (UFX does not allow scalping, XM does). For some styles, STP/ECN spreads offered by XM and its no dealing desk conditions along with MT4 and MT5, may be of interest.

These brokers differ in terms of the minimum deposit, as it is $5 for XM going up to $100, and $100 for UFX going up to $10,0000. Thus UFX may be of interest to those who want fixed STP spreads under normal market conditions, and enhanced account features for higher deposits, in addition to crowd trading on ParagonEx.

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