XM vs AdroFx

XM vs AdroFx Comparison Table 2024
XM	AdroFx
Review 4.4	Review 2.9

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.	AdroFx is an offshore ECN/STP broker that has offered CFD trading since 2018. The firm supports 100+ tradable assets on the popular MetaTrader 4 platform as well as a web trader, Allpips. Eight live accounts are available with no restrictions on day trading strategies.
Customer Reviews
4 Based on 3 XM customer reviews	3 Based on 1 AdroFx customer reviews
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account	100% Deposit Bonus
Comment by Reviewer
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."	"AdroFx will appeal to traders who want a quick and affordable way to speculate on currencies with high leverage via two reliable platforms, including MetaTrader 4. However, testing shows it trails the best day trading brokers in several areas, notably regulation and its investment offering."
Pros
XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins The broker offers premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools XM is a hugely respected broker authorized by tier-one regulators	Strong automated trading support with VPS access on MT4 offered free for Pro account holders and affordable access from $10 for other accounts 60+ currency pairs is a great range that beats out many rivals and provides plenty of opportunity for forex traders Quick, responsive customer support from knowledgeable staff who provide personalized responses during testing AdroFx is day trader-friendly with no limitations, meaning you can use scalping and other fast-paced strategies MetaTrader 4 is available, catering to advanced day traders with its extensive charting package
Cons
There is weak regulatory oversight through the global entity There's $5 inactivity fee after only 3 months, though this won't affect active traders PayPal deposits are not supported	Expensive withdrawals for most payment methods, including a 1.9% charge on cards, which can be avoided at most top day trading brokers Low trust score with weak regulatory oversight and short track record compared to established day trading brokers like IG Only 100+ instruments are available, with a particularly weak stock and crypto offering, leaving little scope for diversification and reducing the broker's suitability for experienced traders Mediocre selection of research tools with limited insights into upcoming events that could help beginners identify opportunities, especially compared to alternatives like eToro
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards	Best STP/ECN Broker 2022 - Forex Awards Most Innovative Broker 2022 - Forex Awards Fastest Growing Forex Broker Europe 2022 - International Business Magazine
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	Forex, CFDs, Indices, Shares, Metals, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$5	$25
Trading Platforms
MT4 MT5	Allpips MT4
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet M-Pesa Neteller Perfect Money Skrill TransferWise Visa Wire Transfer	Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Neteller PayRedeem Perfect Money Skrill Sticpay Visa Wire Transfer
Minimum Trade
0.01 Lots	0.0001 Lots
Regulator
ASIC, CySEC, DFSA, FSC, FSCA	VFSC, FSA, BSSLA
Margin Trading
Yes	Yes
Margin Rate
0.2%
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS &; Android
App Review
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.
Android App Rating
3.9
iOS App Rating
4.7
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.	You can use the broker's Allpips platform to copy the trades of experienced investors. Thousands of traders have joined the community and new users can get started with a $100 deposit. That said, it doesn't rival category leaders like eToro with its highly active social trading network.
Social Trading
Yes	Yes
Trade Signals
Yes	Smart Signals
VPS Hosting
Yes	Yes
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5	$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR GBP
Stock Exchanges
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq S&P 500
Commodities
Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat	Gold Silver
CFD Trading
Day traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.	AdroFx offers a most selection of around 100 CFDs on stocks, cryptos, indices and commodities. Its appeal lies in the high leverage up to 1:500 which you can't find in heavily regulated jurisdictions and the commission-free pricing model which will serve beginners. You can speculate on both rising and falling prices from the same product with CFDs.
Leverage
	1:500
FTSE Spread
1.5 pts	From 9.0
GBPUSD Spread
1.9	From 0.5
Oil Spread
0.03	N/A
Stocks Spread
0.002	From 3.0
Forex Trading
XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.	AdroFx's strongest offering is its 60+ currency pairs, which can be traded with very high leverage up to 1:500. The broker also offers competitive forex spreads starting from 0.4 pips and charges no commission. Additionally, day traders have access to MetaTrader 4, which was built for forex trading and offers excellent support for technical analysis and algo trading.
Forex App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
GBPUSD Spread
1.9	From 0.5
EURUSD Spread
1.6	From 0.4
EURGBP Spread
1.8	From 1.5
Assets
55+	60+
Currency Indices
USD
Cryptocurrency
XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.	AdroFx offers just four crypto CFDs, while the typical Bitcoin spread of around 59 USD is considerably higher than the industry average, making it a poor option for serious cryptocurrency traders. This broker does not work as an exchange or wallet, meaning that only derivatives trading and not ownership of crypto assets are available.
Spread
Variable	From 3.0
Coins
BTC ETH LTC XRP BCH	BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
XM vs	AdroFx vs