24Option vs XM - CFD Broker Comparison

24Option vs XM | Online Brokerage Comparison

24Option vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps250+CySEC, IFSC
$5MT4, MT51000+CySEC, IFSC, ASIC

24Option vs XM Comparison

Both brokers offer MT4. XM also provides the successor to MT4, namely MT5. 24Option provides a web trader aimed at the human trader to help make the trading experience as straightforward as possible.

On MT5, XM can offer considerably more markets, principally as it provides more Stocks CFDs to trade. Both brokers allow automated trading on MT4. XM has a Cent account which means it can offer very low trade sizes, thus it is possible to trade with a smaller account size (hence why it has a low minimum deposit).

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. XM is regulated by the CySEC in Cyprus, the IFSC in Belize and the ASIC in Australia.

Quick comparison

Both brokers offer MT4. XM additionally provides MT5, while 24Option also offers a web trader (and apps). XM has a low minimum deposit.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for XM is $5.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • 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.
  • 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

  • 24Option offers Forex, Indices, Metals, Energy, Cryptocurrencies, Soft Commodities and Stocks, with 250+ available.
  • XM offers Forex, Indices, Metals, Energy, Cryptocurrencies, Soft Commodities and Stocks, with 1000+ available on MT5. MT4 does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex, Gold and Silver, with 55+

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Ethereum Classic, Bitcoin Gold, Monero and Stellar.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for XM (CySEC regulated) is . Maximum leverage for XM (ASIC regulated) is 500:1.

Online trading platforms

Both provide MT4. XM also offers MT5. 24Option has a web trader (and apps), though XM also offers MT4 and MT5 web traders.

Why 24Option or XM ?

If a broker wishes to trade on MT4 then both brokers can be considered as they each offer this platform. However a trader looking for MT4's successor (MT5) needs to consider XM, as it offers this platform. A trader wanting to trade on a web trader can also consider either broker, as XM has MT4 and MT5 web traders though 24Option offers a web trader aimed at the human trader. Those looking to trade with small account sizes can be aware that XM offers this facility with a Cent account and has a low minimum deposit.

Comparison summary

  • Both provide CFD trading
  • Each offers MT4
  • XM also provides MT5
  • 24Option has a user friendly web trader platform
  • XM offers considerably more markets to trade, with 1000+ on MT5

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