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XM vs Binance

XM vs Binance Comparison Table 2023
XM Binance
Review
4.4
Review
3.8

Binance is #30 in our crypto broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.

Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives.

Bonus Offer
Free VPN Services
Promotions

Improve The Speed & Reliability Of Your Trades With The XM VPS
Comment by Reviewer
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education." "Binance is good for active crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees."
Pros
  • Beginner-friendly education tools including podcasts and expert-led webinars in 9 languages
  • Premium research including market sentiment, fundamental insights and strategy builders
  • Accessible trading accounts with a $5 minimum deposit and easy account opening
  • Powerful MT4 and MT5 platforms available via web, desktop or mobile
  • Reliable 24/5 customer support in over 25 languages
  • Hugely respected brand with 30+ industry awards
  • Transparent fees with spreads from 0.0 pips
  • 1000+ instruments including 50+ forex pairs
  • Over 350 crypto tokens are available with big names like Bitcoin and Ethereum
  • Crypto derivatives are offered including options and futures
  • Trade popular cryptos with high leverage up to 1:125
  • Binance Academy is a great resource for beginners
  • The account opening process is straightforward
  • There are no fees on fiat and crypto deposits
  • 24/7 support is available via live chat
Cons
  • $5 inactivity fee
  • Traders from the US not accepted
  • No contact support number
  • Some regulatory investigations
  • The crypto exchange has been hacked
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
  • Best Customer Service Experience 2020 – Global Business Awards
  • Global Forex Broker of the Year 2020 - Global Forex Awards
  • Best FX Service Provider for 2020 - City of London Wealth Management Awards
Instruments
Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks Cryptos
Demo Account
Yes No
Minimum Deposit
$5 $0
Payment Methods
Multiple local payment methods available
Minimum Trade
0.01 Lots $10
Regulator
IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI FCA
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No Yes
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
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 No
Market Maker
Yes No
P2P Trading
No Yes
Spot Trading
Yes Yes
Mobile Apps
iOS, Android & Windows Yes
Auto Trading
Yes (EAs)
Copy Trading
Yes No
Copy Trading Platform
XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
  • UAH
Stock Exchanges
Commodities
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading. CFD trading not offered
Leverage
1:500
FTSE Spread
1.5 pts (var)
GBPUSD Spread
2.1 (var)
Oil Spread
0.05 (var)
Stocks Spread
0.1% (var)
Forex Trading
XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Forex trading not offered
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
2.1 pips (var)
EURUSD Spread
1.6 pips (var)
EURGBP Spread
2 pips (var)
Assets
55+
Currency Indices
  • USD
Cryptocurrency
Crypto trading not offered Binance is one of the world's leading crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace.
Spread
Variable fees with account tiers
Coins
  • DOGE
  • VET
  • USDT
  • BTC
  • BNB
  • ETH
  • VTHO
  • ADA
  • ONE
  • SOL
  • NEO
  • LINK
  • XLM
  • NANO
  • LTC
  • BUSD
  • HBAR
  • ALGO
  • MANA
  • ZIL
  • ENJ
  • BCH
  • MATIC
  • EGLD
  • HNT
  • EOS
  • QTUM
  • RVN
  • DAI
  • IOTA
  • ONT
  • STORJ
  • UNI
  • ETC
  • BAND
  • OMG
  • XTZ
  • USDC
  • ATOM
  • DASH
  • ICX
  • BAT
  • MKR
  • OXT
  • ZEC
  • ZEN
  • ZRX
  • COMP
  • WAVES
  • KNC
  • REP
  • PAXG
  • FIL
  • WBTC
  • THETA
  • SHIB
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
Review
Review
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