XM vs. Z.com Trade Broker Comparison

XM vs. Z.com Trade Broker Comparison

XM versus Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT51000+FCA, ASIC, CySEC
$50MT475+FCA

XM and Z.com Trade Comparison

Thse are both STP brokers which offer no dealing desk order intervention. This means that a range of trading styles is supported, covering automated and non-automated (discretionary) trading. Each offers MT4, but XM additionally has MT5. XM offers a Micro and Standard account with a very low minimum deposit of $5. These provide STP trading and do not charge commissions (one offers lower trade sizes). XM also offers its XM Zero account, which does charge commissions, offering a smaller number of markets. However for ECN trading, Z.com Trade has a lower minimum deposit, as XM has a higher minimum deposit than its other accounts for this account type.

Overall, XM can offer considerably more markets to trade than Z.com Trade, but its XM Zero account has a similar number. These brokers offer variable spreads, with or without a commission charge, depending on the account. Each broker offers MT4, but XM also provides MT5. Both brokers are regulated by the FCA in the United Kingdom. XM is also regulated by the CySEC in Cyprus and the ASIC in Australia.

Quick comparison

Theses brokers each offer MT4 and STP no dealing desk intervention order execution, supporting both automated and discretionary trading. XM also provides MT5. XM can offer more markets overall, but a similar number to Z.com Trade for ECN trading (with a commission charge).

Minimum deposit and account types

The minimum deposit for XM is $5, and the minimum deposit for ECN trading is $100. The minimum deposit for ECN and STP trading is $50 at Z.com Trade.

  • 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. The Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes (all these accounts allow micro lot trading, but the Micro can be lower than this). 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 provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. For clients who do not meet the conditions for a free VPS, it is available for a monthly fee of $28.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • XM offers 100+, covering Forex, Energy, Indices, Precious Metals and Soft Commodities on MT4 and 1000+ on MT5 since it also includes Stock and Cryptocurrency CFDs. The XM Zero account provides Forex, Gold and Silver, with 55+.
  • Z.com Trade offers 75+, covering Forex, Energy, Indices, Precious Metals and Cryptocurrencies.

XM provides 60+ Forex pairs, Z.com Trade provides 55+ Forex pairs.

Cryptocurrency CFDs

  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • 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.
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

Maximum leverage for XM (FCA and CySEC regulated) is . The maximum leverage for Z.com Trade is .

Commissions

  • 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.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Platforms

Both XM and Z.com Trade offer the MT4 trading platform, which includes support for trading automation. XM additionally offers MT5. Both platforms are available on desktop, tablet and mobile.

Very quick comparison

Both brokers offer MT4 trading, however XM can also provide MT5, where it offers an expanded range of markets.

Comparison summary

  • Both brokers offer variable spreads, and provide an account with very low ECN spreads plus a commission charge
  • However Z.com Trade provides variable spreads without a commission charge on its Classic account
  • Both brokers have a range of account types based around the types of trading offered (either STP or STP/ECN)
  • Z.com has a minimum deposit of $50 for ECN and STP trading, while XM has a very low minimum deposit of $5 for the Micro account and $100 for its XM Zero trading
  • Z.com Trade can provide lower commission charges for a higher minimum deposit (or trading volume requirement) on its ECN Pro account
  • Both brokers offer MT4, Z.com Trade also provides MT5
  • XM can offer more CFD instruments to trade than Z.com Trade on both MT4 and MT5 for STP trading, but a similar number on its XM Zero account
  • Both are FCA regulated

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