XM vs OKX

XM vs OKX Comparison Table 2023
XM OKX
4.4
4.1
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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
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
Commodities
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
More Comparisons
XM
vs
OKX
vs