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XM vs Mega Trader FX

XM vs Mega Trader FX Comparison Table 2023
XM Mega Trader FX
Review
4.4
Review
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

XM.com offers a range of account types and a $5 minimum deposit to appeal to all levels of trader. With 1000+ markets and low variable spreads XM.com provides an excellent trading experience.

Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.

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
Promotions

Improve The Speed & Reliability Of Your Trades With The XM VPS
Bonus
Free VPN Services 20% deposit bonus up to $2,000
Instruments
Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks Forex, CFDs, indices, precious metals, energies
Demo Account
Yes Yes
Minimum Deposit
5 $/€/£ $0
Payment Methods
Multiple local payment methods available
Minimum Trade
0.01 Micro lots 0.01 lots
Regulator
IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI CySEC
Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
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 No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows Yes
Auto Trading
Yes (EAs) Yes (EAs)
Copy Trading
Yes No
Copy Trading Platform
XM offers over 1,000 instruments and copy trading on MT4 and MT5. Although you may not get the same interactive feel as some of the proprietary platforms, the MetaTrader platforms will not disappoint in terms of their advanced trading features and tools, including MQL5 signals.
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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD trading via several live accounts with signals and tight spreads available. CFD products are available on multiple financial markets.
Leverage
1:500 1:500
FTSE Spread
1.5 pts (var) Variable
GBPUSD Spread<
2.1 (var) 2.6
Oil Spread
0.05 (var) Variable
Stocks Spread
0.1% (var) N/A
Forex Trading
XM.com deliver ultra low spreads across a range of forex markets. Flexible lot sizes while Micro and Zero accounts accommodate every level of trader. Online trading is available on major, minor and exotic FX pairs.
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) 2.6
EURUSD Spread
1.6 pips (var) 1.9
EURGBP Spread
2 pips (var) 2.5
Assets
55+ 54
Cryptocurrency
Crypto trading not offered
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
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