XM vs OKX

XM vs OKX Comparison Table 2023
XM	OKX
Review 4.4	Review 4.1
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 broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.	OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account	$10 in BTC
Promotions
Improve The Speed & Reliability Of Your Trades With The XM VPS
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."	"OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots."
Pros
Transparent and low fees with spreads from 0.0 pips that will protect day trading profit margins Beginner-friendly educational materials 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 fast account opening Powerful MT4 and MT5 charting platforms available via desktop and mobile apps Reliable 24/7 customer support with fast response times during testing Hugely respected broker authorized by tier-one regulators 1000+ instruments including 50+ forex pairs No re-quotes and no rejections policy	Historical market data for spot and futures combining OHLC data, aggregate trades and trading history Excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority Impressive range of blockchain products, including DeFi services, NFTs and games, alongside established and emerging coins Vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively Wide range of trading products, including futures, options and perpetual swaps Crypto staking and pools available with competitive mining fees from 2% Free mobile app or web-accessible desktop platform Lightning network for faster BTC payments 400+ leading and emerging tokens Unified account for consolidation
Cons
Weak regulatory oversight through the global entity Traders from the US not accepted $5 inactivity fee after 3 months VPS costs $28 per month PayPal not supported	Withdrawal fees on some cryptos Limited regulatory oversight Inconsistent customer support
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
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	Spot, futures, perpetual swaps, options
Demo Account
Yes	Yes
Minimum Deposit
$5	10 USDT
Trading Platforms
MT4 MT5	AlgoTrader
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Neteller Perfect Money Skrill TransferWise Visa Wire Transfer	Apple Pay Banxa Bitcoin Payments Credit Card Ethereum Payments Google Wallet Mastercard PayPal Simplex Visa Wire Transfer
Minimum Trade
0.01 Lots	Variable
Regulator
ASIC, CySEC, DFSA, FSC, FSCA	VARA
Margin Trading
Yes	Yes
Margin Rate
0.2%
STP Account
No	No
ECN Account
No	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	Android & iOS
Auto Trading
Expert Advisors (EAs) on MetaTrader	Yes
Copy Trading
Yes	No
Copy Trading Platform
XM global offers a user-friendly copy trading service. Aspiring investors can copy the trades of strategy managers. Investors can find strategy managers by viewing performance metrics and can decide how much they want to invest. Strategy managers can earn 50% of profits.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
Yes	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR GBP INR JPY SGD RUB AED SAR
Stock Exchanges
Australian Securities Exchange 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
Commodities
Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular markets, including currencies, equities and commodities. Traders get very low fees and high-quality market insights to support CFD trading.	CFD trading not offered
Leverage
1:1000
FTSE Spread
1.5 pts
GBPUSD Spread
1.9
Oil Spread
0.03
Stocks Spread
0.002
Forex Trading
XM offers ultra low spreads across a wide range of forex assets 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 investors can go long or short with leverage. XM offers an excellent range of cryptocurrencies, including major tokens like Bitcoin, Ethereum and Ripple.	OKX offers a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
Spread
Variable	Variable
Coins
BTC ETH LTC XRP BCH ADA XLM EOS NEO TRX DASH MIOTA XMR ZEC ETC BTG OMG QTUM BTT NANO AAVE ALG	BTC XCH ETH OKB OKT LTC DOT ADA DOGE XRP USDT ICP BCH LINK XLM ETC MATIC THETA UNI TRX EOS FIL XMR NEO USDC AAVE SHIB LUNA KSM BSC ATOM IOTA ALGO XTZ CRO MKR BTT CEL LEO WBTC WAVES KLAY DASH XEM COMP SNX ZEC DCR SUSHI SOL EGLD DAI BTG ZEN NANO KISHU
Crypto Lending
No	Yes
Crypto Mining
No	Yes
Crypto Staking
No	No
Auto Market Maker
No	No

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