XM vs BitMEX

XM vs BitMEX Comparison Table 2023
XM Review 2023	BitMEX Review 2023
Review 4.4	Review 3.2
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available crypto brokers
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.	BitMEX is a crypto exchange and derivatives trading platform, launched in 2014, that offers low fees and starting deposit for a fiat–crypto onramp, spot trading, and crypto derivatives including perpetual contracts, traditional futures and quanto futures. BitMEX offers amongst the largest market liquidity of any cryptocurrency exchange.
Bonus Offer
$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service	Fee reduction for BMEX token holders
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."	"Active traders who want access to a good range of crypto derivatives will be intrigued by BitMEX's offering. The 100x leverage on Bitcoin is also higher than many alternatives."
Pros
Beginner-friendly education tools including podcasts and expert-led webinars in 16 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 24/7 customer support in over 30 languages Hugely respected brand with 30+ industry awards Transparent fees with spreads from 0.6 pips 1000+ instruments including 50+ forex pairs	Great customizability using widgets within the platform, making it easier to see exactly what you want A platform solely designed for crypto makes it more streamlined than multi-asset terminals Access to a considerable amount of information directly from BitMEX, freely available on their site The opportunity to talk to investors from all over the world using the inbuilt chat functionality High levels of security, ensuring that trading on the exchange is relatively secure 24/7 A range of different cryptocurrencies are available, including Bitcoin, Ethereum and Litecoin Earn interest on HODL-ing tokens – Tether and Bitcoin Highly leveraged crypto trading with rates up to 1:100 Insurance fund to avoid liquidation plus python API
Cons
$5 inactivity fee Traders from the US not accepted	BitMEX is focused on active traders, with fewer tools and features aimed at crypto newbies The interface is not as new, stylish or innovative as other options on the market Withdrawals are only carried out at a set time of day Legal dispute with US regulators resulted in fines Only Bitcoin is accepted for free withdrawals Range of crypto assets not as wide as rivals'
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, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$5	$0.01
Trading Platforms
MT4 MT5	AlgoTrader TradingView
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Neteller Perfect Money Skrill TransferWise Wire Transfer	Bitcoin Payments Ethereum Payments
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, CySEC, DFSA, FSC	Republic of Seychelles
Margin Trading
Yes	Yes
Margin Rate
0.2%
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	Yes
P2P Trading
No	Yes
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader	BitMEX Market Maker, BotVS, and via API
Copy Trading
No	No
Social Trading
No	Yes
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
Inactivity Fee
$15
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gold Oil Silver Soybeans Sugar Wheat
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
1:1000
FTSE Spread
1.5 pts (var)
GBPUSD Spread
1.9 (var)
Oil Spread
0.03 (var)
Stocks Spread
0.002 (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. Over 50 currency pairs are available including all majors.	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
1.9
EURUSD Spread
1.6
EURGBP Spread
1.8
Assets
55+
Currency Indices
USD
Cryptocurrency
XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin.	BitMEX offer the largest liquidity crypto trading environment anywhere. Contracts start from just $1. The firm is also compliant with global AML guidance and the platform offers cutting-edge crypto exchange and hedging.
Spread
Variable	-0.01% maker, 0.075% taker
Coins
BTC ETH LTC XRP BCH ADA XLM EOS NEO TRX DASH MIOTA XMR ZEC ETC BTG OMG QTUM BTT NANO AAVE ALG	BCH BTC ETH LTC XRP TRON EOS XMR ADA DOGE BNB DOT SOL SHIB AVAX GAL NEAR SUSHI AXS
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	Yes

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