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FXTM vs XM
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Updated:
Compare FXTM vs XM Side by Side
Deciding between FXTM vs XM to find the broker that best aligns with your trading requirements? We made a detailed comparison between FXTM Review and XM Review, comparing safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all other crucial aspects side by side.
Summary
| Feature | FXTM | XM |
|---|---|---|
| Website | //www.forextime.com | //xm.com |
| Founded year | 2011 | 2009 |
| Headquarter | Cyprus | Cyprus, Australia, Belize |
| Licenses | UK, Cyprus, South Africa, Kenya, Mauritius | Cyprus, Australia, Belize, UAE |
| Minimum Deposit | US$ 100 | 5 US$ |
| Trading Platforms | MT4, MT5 | MT4, MT5, XM WebTrader |
| Eurusd avg Spread | 1.5 pips | 1.6 pips |
Licenses
| Feature | FXTM | XM |
|---|---|---|
| Licenses Countries Info (short) |
|
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FXTM is a highly regarded forex brokerage with licenses in several regions, including the prominent UK and Cyprus. It further bolsters its regulatory credentials in South Africa and Mauritius, guaranteeing broad international oversight. Conversely, XM has regulatory approvals in Australia and Cyprus and also has a presence in the UAE and offshore territories.
Broker Types
| Feature | FXTM | XM |
|---|---|---|
| Broker types |
|
|
FXTM operates as an ECN broker, serving solely as a bridge between clients and liquidity providers. On the flip side, XM employs a mixed brokerage approach, utilizing both ECN and STP execution techniques to offer a complete electronic Forex trading experience.
Trading Conditions
| Feature | FXTM | XM |
|---|---|---|
| Trading Conditions |
|
|
Both FXTM and XM offer trading conditions with floating spreads. They give traders the option of either trading with built-in spread fees or choosing zero spreads coupled with attractively low commissions. Additionally, they accommodate various trading strategies, including scalping and hedging.
Fees & Commissions
| Fees & Commissions | FXTM | XM |
|---|---|---|
| Inactivity Feemonth | $5 | 15 $ |
| Deposit fee | $0 | 0 $ |
| Withdrawal fee | $3 | 0 $ |
| Rollover fee eurusd buy 1 lot | -10.68 | -0.083 |
| Rollover fee eurusd sell 1 lot | 1.02 | -0.543 |
| Avg Eurusd standard acc | 1.5 pips | 1.6 pips |
| Gold | 9 | 35 |
| Brent oil | 4 pips | 5 pips |
| Bitcoin | 20 | 60 |
Both brokers have spreads that exceed the industry average for trades without commissions, but they also provide zero-spread options with associated commissions based on the account type. Additionally, XM imposes non-trading fees such as inactivity charges, while FXTM levies fees for both withdrawals and inactivity.
Account Types
| Feature | FXTM | XM |
|---|---|---|
| Account types |
|
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Both FXTM and XM offer Standard accounts and cater to Sharia-compliant traders with Islamic account options. Additionally, FXTM broadens its portfolio with Micro and Cent accounts, enabling traders to engage in the market with minimal capital exposure. On the other hand, XM specifically provides Micro accounts.
Markets & Instruments
| Markets & Instruments | FXTM | XM |
|---|---|---|
| Forex | 60 | 55 |
| Indices | ✔️ | 28 |
| Commodities | ✔️ | 15 |
| Cryptocurrencies | ✔️ | 60 |
| Shares | 170 | 600 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ✔️ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | ❌ |
FXTM offers an extensive range of market instruments, including more than 60 forex products, as well as CFDs on cryptocurrencies, shares, stocks, indices, and precious metals. For its UK clients, FXTM also has a Spread Betting option. Meanwhile, XM provides a comparable selection of markets but without the spread betting feature. It should be highlighted that the spectrum of instruments provided by both brokers is comparatively restricted.
Trading Platforms
| Feature | FXTM | XM |
|---|---|---|
| Platforms |
|
|
XM boasts a wide array of trading platforms, prominently featuring the renowned MT4 and MT5 platforms known for their comprehensive suite of trading tools, including Expert Advisors (EAs). Additionally, XM provides access to WebTrader. On the other hand, FXTM’s platform options are primarily confined to the MT4 and MT5 platforms.
Deposit & Withdrawal Methods
| Feature | FXTM | XM |
|---|---|---|
| Payment methods |
|
|
Both FXTM and XM offer quick money transfer methods, encompassing bank wire transfers, credit/debit cards, and e-wallets such as Neteller and Skrill. However, it’s important to note that the available funding options might differ based on jurisdiction and the specific account type.
Others
| Feature | FXTM | XM |
|---|---|---|
| Others |
|
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In terms of education, FXTM shines with its extensive range of educational resources covering diverse materials and frequently conducts educational events in cities worldwide. Meanwhile, XM boasts a strong educational framework featuring Live Education sessions, Educational Videos, Forex Webinars, and periodic Forex Seminars in different locations. Both FXTM and XM deliver exceptional customer support through multiple communication avenues, such as phone and email.
Conclusion on XM vs FXTM
In summing up the FXTM vs XM comparison, both brokers boast commendable trading conditions backed by stringent regulation. They present a wide range of market instruments, intuitive trading platforms, and top-notch support and educational tools, catering to traders of varying expertise. That said, UK clients inclined toward spread betting might favor FXTM. On the other hand, we’d suggest XM, especially for novices, given their broader spectrum of educational content. Here is our final recommendation:
- FXTM –
Best Broker for Pattern Trading offering commendable trading conditions with a variety of charting tools - XM — Best Broker for Beginners offering a transparent pricing model utilizing a more flexible execution model.
