Comparing XTB and XM Group: find your ideal broker
For traders looking to delve into the world of forex and CFDs, choosing the right brokerage can significantly impact their trading experience. This article offers an in-depth comparison between XTB and XM Group, two leading brokers in the industry. We analyze crucial aspects such as regulatory compliance, available trading platforms, account types, range of tradable instruments, educational resources, customer support quality, and additional features. By highlighting the strengths and differences of each broker, this comparison aims to assist traders in making an educated decision that aligns with their trading goals and preferences.
NOTE: You also have the option to watch a short video review of XTB ↓
XTB vs XM Group: key features comparison
| XTB vs XM | XTB | XM Group |
|---|---|---|
| Regulation | FCA, KNF, FSC, CySEC, and CNMV. | XM license: Cyprus Securities and Exchange Commission (CySec). Registrations for outward passporting: BaFin (Germany), CNMV (Spain), MNB (Hungary), CONSOB (Italy), ACPR (France), FIN-FSA (Finland), KNF (Poland), AFM (Netherlands), FI (Sweden). |
| Platforms | MT4, xStation 5, xStation 5 mobile app. | MT4, MT4 WebTrader, MT5, MT5 WebTrader, XM mobile trading platforms (MT4 and MT5 apps), XM mobile app. |
| Accounts | Standard, Pro, Islamic, and demo. | Micro account, Standard account, Ultra Low account, Shares account, Islamic, and demo. |
| Trading instruments | Nearly 2000 CFDs based on forex, indices, commodities, cryptocurrencies, stocks, ETFs, and real stocks and ETFs. | 1000+ trading instruments including forex, indices, commodities, thematic indices, metals, energies, and stocks. |
| Analytics and education | Webinars, trading academy, market analysis, economic calendar. | Markets overview, XM research, trade ideas, technical summaries, economic calendar, XM TV, podcast, XM live, live education, educational videos, Forex & CFDs webinars, platform tutorials, trading tools, MQL5, forex calculators. |
| Support | 24/7 support coverage. Email, live chat, phone. | 24/7 support coverage. Email, live chat, phone. |
| Bonuses | — | XM occasionally offers bonuses to clients. For the latest promotions, check their website. |
| Minimum deposit |
$0
|
$5 |
| Commissions | XTB charges varying fees: Standard accounts have wider spreads but no execution commissions (except for equity and ETF CFDs), while Pro accounts pay a commission per trade with market spreads. | XM broker offers transparent fee schedules with no commissions on transactions across most account types, excluding Shares, and maintains a zero-fee policy for deposits and withdrawals, except for XM Zero Accounts, which incur commissions. |
| Deposits and withdrawals | Bank transfers, credit/debit cards, e-wallets. | Credit and debit cards, bank transfers, e-wallets, and more. |
| Social trading/copy trading | — | Copy trading. |
| VPS | — | ✓ |
| Minimum lot size | 0.1 lot. | 0.01 lot. |
| Leverage | Up to 500:1 for non-UK/EU residents. Up to 30:1 FOR UK/EU and MENA region residents. | Up to 30:1. |
XTB and XM: summary
XTB and XM are Top Forex and CFD brokers. XTB is regulated by FCA, KNF, FSC, CySEC, and CNMV, offering MT4, xStation 5, and mobile apps. XM is regulated by CySec and registered in Europe, providing MT4, MT5, WebTrader, and mobile platforms. XTB has Standard, Pro, Islamic, and demo accounts with nearly 2000 CFDs, while XM offers Micro, Standard, Ultra Low, Shares, Islamic, and demo accounts with over 1000 instruments. Both offer 24/7 support and educational resources, with XM including XM TV. XTB charges variable fees; XM is mostly commission-free. XM supports copy trading and VPS; XTB does not. Leverage is up to 500:1 for XTB (non-UK/EU) and 30:1 for XM. Minimum lot sizes are 0.1 for XTB and 0.01 for XM.
XTB and XM: Top FX brokers
XTB
XTB is a well-regulated forex and CFD broker overseen by authorities such as FCA, KNF, FSC, CySEC, and CNMV. It offers robust trading platforms, including MT4, xStation 5, and a mobile app, catering to both desktop and on-the-go traders. XTB provides a range of account types, including Standard, Pro, Islamic, and demo accounts, with nearly 2000 CFDs available across various asset classes. The broker offers comprehensive educational resources and 24/7 support via email, live chat, and phone. While XTB charges variable fees depending on the account type, its transparent fee structure and high leverage options (up to 500:1 for non-UK/EU residents) make it an attractive choice for many traders. However, it does not support copy trading or VPS services, which might be a drawback for some users.
XM Group
XM is a prominent forex and CFD broker regulated by CySec and registered in several European countries. It offers a diverse range of trading platforms, including MT4, MT5, WebTrader, and mobile apps, making it accessible to various types of traders. XM’s account offerings include Micro, Standard, Ultra Low, Shares, Islamic, and demo accounts, with over 1000 trading instruments. The broker is known for its extensive educational resources, including XM TV, webinars, and live education, alongside 24/7 support. XM generally maintains a commission-free trading structure, except for specific accounts, and supports additional services like copy trading and VPS. With leverage up to 30:1 and a minimum lot size of 0.01, XM is suitable for both new and experienced traders seeking a comprehensive trading environment.
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XTB vs XM Group - FAQ
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