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+ASIC, CySEC, IFSC
$50MT475+FCA

XM and Z.com Trade Comparison

Both these brokers support a range of trading styles, including automated and non-automated (discretionary) trading. Each offers MT4, but XM additionally provides MT5.

XM offers a Micro and Standard account with a very low minimum deposit of $5. These do not charge commissions (one, the Micro account, is a cent account and offers lower trade sizes). XM also provides its XM Zero account (at CySEC regulated XM) which does charge commissions, offering a smaller number of markets. XM has a lower minimum deposit.

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.

Z.com Trade is regulated by the FCA in the United Kingdom. XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

Theses brokers each offer MT4 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 its XM Zero account (with a commission charge).

Minimum deposit and account types

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

  • 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.
  • 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. The Ultra Low account has EUR/USD spreads from 0.6.
  • 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.

Online trading 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.

Why XM or Z.com Trade ?

Traders who want to trade on MT4 can find this online trading platform at either broker. Z.com Trade is an ECN broker and uses infrastructure to support high speed order processing. Each says that it does not intervene in the order process, allowing a wide range of trading styles, including automated trading and news trading. Both allow the use of Expert Advisors (EAs). Traders who want to trade on the successor to MT4, can find MT5 at XM. MT5 has a number of enhancement on MT4 and also allows the trader to use EAs. On MT5, Z.com Trade offers considerably more markets as it has a relatively large number of Stocks CFDs for an MT5 broker. Both brokers have a relatively low minimum deposit (Z.com Trade's is low for an ECN broker). XM offers a cent account for traders who want to trade with trade sizes smaller than standard micro lots.

Comparison summary

  • Both brokers offer CFD trading
  • Z.com Trade is an ECN STP broker
  • Both provide MT4
  • XM additionally offers MT5
  • XM provides a cent account which has very low trade sizes
  • XM has a lower minimum deposit ($5 vs $50)
  • Z.com Trade offers a low minimum deposit for an ECN broker
  • XM has considerably more markets to trade on MT5
  • Z.com Trade uses infrastructure for high speed order processing

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