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FxPro vs XM
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Updated:
Compare FxPro Vs XM Side by Side
Considering whether to opt for FxPro or XM? We’ve conducted a comparison review of FxPro and XM, encompassing safety measures, licensing, trading terms, costs, trading platforms, available instruments, deposit and withdrawal conditions, and other vital considerations. This thorough side-by-side analysis is designed to assist you in making an informed decision.
Summary
| Feature | FxPro | XM |
|---|---|---|
| Website | //www.fxpro.com | //xm.com |
| Founded year | 2006 | 2009 |
| Headquarter | UK | Cyprus, Australia, Belize |
| Licenses | UK, Cyprus, South Africa, Bahamas, Mauritius | Cyprus, Australia, Belize, UAE |
| Minimum Deposit | 100 US$ | 5 US$ |
| Trading Platforms | MT4, MT5, cTrader, FxPro Edge | MT4, MT5, XM WebTrader |
| Eurusd avg Spread | 0.9 pips | 1.6 pips |
Licenses
| Feature | FxPro | XM |
|---|---|---|
| Licenses Countries Info (short) |
|
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FxPro is regulated by a number of top-tier regulators including UK, while XM is regulated by another well-established regulator in Australia, both brokers additionally established international entities to expand their operations worldwide
Broker Types
| Feature | FxPro | XM |
|---|---|---|
| Broker types |
|
|
Both brokers operate as hybrid brokers utilizing ECN/STP execution models providing traders with a broader range of execution options.
Trading Conditions
| Feature | FxPro | XM |
|---|---|---|
| Trading Conditions |
|
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FxPro and XM both offer advantageous trading conditions, rendering them viable choices for novice traders, and granting access to diverse trading strategies with minimal spreads and commissions. Moreover, they provide generous leverage options, allowing traders to increase their market exposure with a modest initial deposit.
Fees & Commissions
| Fees & Commissions | FxPro | XM |
|---|---|---|
| Inactivity Feemonth | 15 $ | 15 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -4.8665 | -0.083 |
| Rollover fee eurusd sell 1 lot | 0.7254 | -0.543 |
| Avg Eurusd standard acc | 0.9 pips | 1.6 pips |
| Gold | 1619 | 35 |
| Brent oil | 88 | 5 pips |
| Bitcoin | 20155 | 60 |
FxPro presents more competitive fees, boasting spreads that are generally lower than the industry average and charging no commissions, except for an inactivity fee. In contrast, XM tends to have higher spreads, and it also imposes additional inactivity fees.
Account Types
| Feature | FxPro | XM |
|---|---|---|
| Account types |
|
|
Both brokers offer an array of trading account choices, tailored to cater to a wide range of trading preferences. They provide competitive spreads and the valuable opportunity of a demo account, which is especially useful for beginner traders to hone their skills. Also they offer Islamic accounts, ensuring they can meet the distinct requirements of traders who follow Sharia Laws.
Markets & Instruments
| Markets & Instruments | FxPro | XM |
|---|---|---|
| Forex | 70 | 55 |
| Indices | 19 | 28 |
| Commodities | 7 | 15 |
| Cryptocurrencies | 4 | 60 |
| Shares | 134 | 600 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
Both brokers provide a relatively restricted selection of trading markets, and the number of available instruments is not extensive. Nonetheless, FxPro gains an edge by offering Spread Betting specifically for its UK clients.
Trading Platforms
| Feature | FxPro | XM |
|---|---|---|
| Platforms |
|
|
FxPro presents a wider array of trading platforms, encompassing MT4, MT5, the comprehensive cTrader platform, and WebTrader, each tailored to specific trading styles. In contrast, XM offers MT4, MT5, and WebTrader but lacks cTrader. Therefore, traders seeking more advanced features may find FxPro to be a preferable choice.
Deposit & Withdrawal Methods
| Feature | FxPro | XM |
|---|---|---|
| Payment methods |
|
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The payment methods also resemble for both brokers. They provide flexibility with options such as bank transfers, debit/credit cards, and a choice of commonly used e-wallets as convenient payment alternatives.
Others
| Feature | FxPro | XM |
|---|---|---|
| Others |
|
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Others
Both FxPro and XM excel in customer support, providing live chat and telephone assistance to their clients. Both brokers also offer a diverse array of trader education resources, including video tutorials, guides, and webinars. However, XM distinguishes itself with higher-quality educational materials that cater to traders of all levels and conducts regular Forex Seminars in various locations, enhancing its educational offerings.
Conclusion on XM vs FxPro
In conclusion, after our comprehensive comparison of FxPro and XM, we’ve determined that both brokers are highly reputable, maintain strong international standings, and adhere to stringent regulatory standards. They both provide advantageous trading conditions, and a wide array of trading instruments, with FxPro offering the additional benefit of Spread Betting options for UK traders and more competitive fees.
Furthermore, traders interested in the cTrader platform should also consider FxPro. However, we give the edge to XM due to its superior educational resources, making it a preferred choice for traders seeking comprehensive learning opportunities. Here is our final recommendation:
- FxPro — 🥇Best cTrader Broker characterized by robust technical tools and suitable for advanced traders
- XM — 🥇 Best CFD Broker for Beginners with high levels of customer satisfaction
