Vantage FX vs XM - Online Brokerage Comparison

Vantage FX vs XM | Broker Comparison

Vantage FX vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5180+ASIC, CIMA
$5MT4, MT5700+FCA, ASIC, CySEC

Vantage FX vs XM Comparison

XM and Vantage FX both offer the MT4 and MT5 trading platforms. Vantage FX is an ECN broker, though it offers an STP account which does not charge commissions. XM has a range of accounts, including its XM Zero account which charges commissions and a cent and Standard account which do not. XM has a very low minimum deposit. Vantage FX can offer an account for higher volume traders, which has a much higher minimum deposit. Both have no dealing desk intervention and allow EAs and scalping. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands. XM is regulated by the ASIC in Australia, the FCA in the United Kingdom and the CySEC in Cyprus.

ECN trading conditions

Both can offer accounts which have a commission charge added to spreads which can be low for the more liquid Forex pairs.

Quick comparison

These brokers each provide MT4 and MT5. Vantage FX is an ECN broker, while XM has a range of account types including a cent account.

Minimum deposit and account types

The minimum deposit for Vantage FX is $200. The minimum deposit for XM is $5.

  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • Vantage FX's Pro ECN account offers lower commission charges and access to Interbank price feeds.
  • 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

  • Vantage FX offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 180+ available.
  • XM offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 700+ 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+

Vantage FX provides 45+ Forex pairs, XM provides 60+ Forex pairs.

Cryptocurrency CFDs

  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.
  • XM offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 1 for XM and 1.4 for Vantage FX.

Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1. Maximum leverage for XM (FCA regulated) is . Maximum leverage for XM (CySEC regulated) is . Maximum leverage for XM (ASIC regulated) is 500:1.

Commissions

  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.
  • The XM Zero account charges commission of $3.5 per lot per side.

Online Trading Platforms

Both brokers offer MT4 and MT5.

Why Vantage FX or XM ?

Vantage FX is a focused on offering ECN services, though it has an entry level STP account. XM provides an STP/ECN account (the XM Zero account) but also offers other account types, including a cent account which allows for very small trade sizes. XM has a lower minimum deposit for both its XM Zero account ($100) and its other accounts ($5). Both can offer a wide range of markets, though XM can offer more Shares CFDs, on MT5. So XM may suit a range of traders, including those looking to trade with small accounts and those wishing to trade using automated trading strategies, though Vantage FX has a focus on ECN trading infrastructure such as Equinix and has an account for larger volume traders. Both provide the same trading platforms. XM is regualted in a wider range of countries, though each is ASIC regulated.

Comparison summary

  • Both offer MT4 and MT5
  • Each can provide ECN trading and STP accounts
  • XM has a range of STP accounts, including a cent account
  • XM can provide more markets to trade on MT5
  • Vantage FX has more markets MT4 vs MT4
  • XM has a very low minimum deposit

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