XM vs Mitrade

XM vs Mitrade Comparison Table 2022
XM Mitrade
WINNER
XM is the better broker
4.4
United States Flag Traders from US not accepted
Not Yet Rated
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. Mitrade is a regulated Australian brokerage firm with a range of CFDs and forex pairs, providing leveraged trading to retail and professional clients.
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

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Bonus
Free VPN Services $50 welcome bonus
Instruments
Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks Stocks, CFD, Forex, Crypto
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 ASIC
Margin Trading
Yes No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No
eSignal
No
Trading Central
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 iOS & Android
Auto Trading
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 No
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No
Guaranteed Stop Loss
No
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
  • USD
  • AUD
Stock Exchanges
Commodities
CFD Trading
Leveraged CFD trading via several live accounts with signals and tight spreads available. Mitrade offers a wide range of CFDs, encompassing cryptocurrencies, foreign exchange, commodities, shares and equity indices.
Leverage
1:500 1:30 Retail, 1:250 Professional
FTSE Spread
1.5 pts (var) 3
GBPUSD Spread<
2.1 (var) 1.5
Oil Spread
0.05 (var) 0.05
Stocks Spread
0.1% (var) Variable
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. A wide range of major, minor and exotic currency pairs are available with leverage through Mitrade's proprietary web-based trading platform.
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) 1.5
EURUSD Spread
1.6 pips (var) 1
EURGBP Spread
2 pips (var) 1.2
Assets
55+ 60
Cryptocurrency
Mitrade offers CFD trading in four major cryptocurrencies against the US dollar.
Spread
Variable
Coins
  • BTC
  • BCH
  • ETH
  • LTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No
Auto Market Maker
No No
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