XM vs XTrade

XM vs XTrade Comparison Table 2023
XM Review 2023 XTrade Review 2023
4.4
1.9
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 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.

Established for over 10 years, XTrade has been providing forex and CFD trading services to clients in over 25 countries. Registered in Belize, this brokerage aims to offer cutting edge technology with its proprietary trading platform, plus reliable 24/5 customer support and robust account security.

Bonus Offer
$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service
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." "XTrade is a good option for experienced traders looking for strong market access, including bonds, cryptocurrencies and cannabis stocks. It will also serve traders looking for high leverage up to 1:400."
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
  • Beginner-friendly forex education and blog, plus economic calendar and financial news
  • Good range of financial markets, ideal for those looking to build a diverse portfolio
  • Real-time market data, advanced tools and in-depth market analysis
  • 24/5 multilingual customer support via email, telephone or live chat
  • Accessible deposit options with fast account funding and no fees
  • Commission-free trading
  • Autochartist signals
Cons
  • $5 inactivity fee
  • Traders from the US not accepted
  • High $250 minimum deposit compared to alternatives
  • Below average fees with wide spreads
  • No cryptocurrency and Bitcoin trading
  • $50 inactivity fee after 3 months
  • No automated trading capabilities
  • Only one platform available
  • UK clients not accepted
  • No MetaTrader integration
  • No Islamic account
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
  • Best Broker Middle East 2016 - Forex Report
  • Best Mobile Platform 2016 - FX Empire
  • Best Forex Broker 2016 - FFXPO Awards
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$5 $250
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, DFSA, FSC CySEC, IFSC
Margin Trading
Yes No
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 No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android & Windows Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes 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
Commodities
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. Trade CFDs across a broad range of markets including indices, commodities, and bonds. You can also take advantage of the platform's integrated signals service, although the lack of additional platforms is limiting.
Leverage
1:1000 1:400
FTSE Spread
1.5 pts (var) 5 pts
GBPUSD Spread
1.9 (var) 2.5-5 pips
Oil Spread
0.03 (var) 5 pips
Stocks Spread
0.002 (var) Variable
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. XTrade offers a strong range of 56 forex pairs, however spreads are not very competitive, starting from 1.7 pips on the EUR/USD. The in-house platform also doesn't rival MetaTrader 4.
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 2.5-5 pips
EURUSD Spread
1.6 1.7-5 pips
EURGBP Spread
1.8 3-5 pips
Assets
55+ 56
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. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • ADA
  • XLM
  • EOS
  • NEO
  • TRX
  • DASH
  • MIOTA
  • XMR
  • ZEC
  • ETC
  • BTG
  • OMG
  • QTUM
  • BTT
  • NANO
  • AAVE
  • ALG
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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