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XTB vs XM
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Updated:
Compare XTB vs XM Side by Side
Can’t decide between XTB and XM and have doubts of which broker is actually better? Use our detailed guide of XTB Review vs XM Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | XTB | XM |
|---|---|---|
| Website | //www.xtb.com | //xm.com |
| Founded year | 2002 | 2009 |
| Headquarter | UK | Cyprus, Australia, Belize |
| Licenses | UK, Poland, Belize, Spain | Cyprus, Australia, Belize, UAE |
| Minimum Deposit | US$ 0 | 5 US$ |
| Trading Platforms | MT4, xStation 5 | MT4, MT5, XM WebTrader |
| Eurusd avg Spread | 0.8 pips | 1.6 pips |
Licenses
| Feature | XTB | XM |
|---|---|---|
| Licenses Countries Info (short) |
|
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XTB and XM are both highly reputable brokers, offering secure trading environments supported by well-established financial regulators such as ASIC or FCA. Moreover, they have additional entities in various jurisdictions to provide global coverage.
Broker Types
| Feature | XTB | XM |
|---|---|---|
| Broker types |
|
|
XTB operates as an STP Broker, ensuring transparent order execution by providing direct access to the interbank market, potentially reducing trading costs. In contrast, XM serves as a hybrid broker, incorporating elements of both ECN and STP execution methods in its trading services, offering traders a broader spectrum of liquidity sources and trading options.
Trading Conditions
| Feature | XTB | XM |
|---|---|---|
| Trading Conditions |
|
|
XTB and XM provide comparable trading conditions, suitable for novice traders seeking tight spreads and the ability to engage in copy trading to improve their strategies. Both brokers accommodate a diverse array of trading strategies, encompassing scalping and hedging, and offer substantial leverage options. Nonetheless, XTB distinguishes itself by offering enhanced trader safeguards via guaranteed stop-loss orders, affording traders an additional level of security for their investments.
Fees & Commissions
| Fees & Commissions | XTB | XM |
|---|---|---|
| Inactivity Feemonth | $10 | 15 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.000940% | -0.083 |
| Rollover fee eurusd sell 1 lot | +0.004617% | -0.543 |
| Avg Eurusd standard acc | 0.8 pips | 1.6 pips |
| Gold | 35 | 35 |
| Brent oil | 4 | 5 pips |
| Bitcoin | 1% | 60 |
XTB boasts a more favorable fee structure, with significantly lower spreads compared to the industry average, whereas XM maintains relatively higher spreads. Neither of the brokers imposes deposit or withdrawal fees, but it’s important to note that both brokers may apply a monthly inactivity fee.
Account Types
| Feature | XTB | XM |
|---|---|---|
| Account types |
|
|
Both brokers provide a range of account options designed to cater to diverse trading needs and accommodate traders of varying levels of expertise. Additionally, both brokers offer Islamic Accounts, making them inclusive of traders who adhere to Islamic financial principles.
Markets & Instruments
| Markets & Instruments | XTB | XM |
|---|---|---|
| Forex | 57 | 55 |
| Indices | 42 | 28 |
| Commodities | 1849 | 15 |
| Cryptocurrencies | 25 | 60 |
| Shares | 1849 | 600 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 119 | ❌ |
Both XTB and XM provide a similar selection of trading markets, and both have a somewhat limited number of instruments available. Nevertheless, XTB stands out by offering a variety of ETFs, which is not the case with XM.
Trading Platforms
| Feature | XTB | XM |
|---|---|---|
| Platforms |
|
|
In contrast to XTB, XM offers clients a wide selection of trading platforms, allowing them to choose between MetaTrader 4, MetaTrader 5, and WebTrader. On the other hand, XTB provides MetaTrader 4 alongside its proprietary trading platform.
Deposit & Withdrawal Methods
| Feature | XTB | XM |
|---|---|---|
| Payment methods |
|
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Both XTB and XM offer similar deposit methods including credit/debit cards, as well as they support a number of e-payment platforms. Both brokers boast a low minimum deposit requirement.
Others
| Feature | XTB | XM |
|---|---|---|
| Others |
|
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Others
XTB and XM offer strong customer support services that are available 24/5, ensuring prompt assistance to traders through various communication channels like live chat, phone support, and email. Additionally, both brokers are dedicated to providing extensive educational resources, such as webinars, educational guides, and other valuable tools, aimed at empowering their clients to improve their trading knowledge and skills.
Conclusion on XM vs XTB
To conclude the comparison between XTB and XM, it’s evident that both brokers enjoy a solid reputation and provide competitive trading conditions. Nevertheless, XTB stands out with significantly lower spreads when compared to XM. Both brokers also excel in offering robust educational resources and reliable support services. Traders seeking more advanced options may lean towards XM, given its inclusion of MT5, the more sophisticated iteration of MT4. Here is our final recommendation:
- XTB – 🥇 Best MT5 Trading Broker that guarantees a true STP Trading environment and delivers fair dealing conditions.
- XM —
Best Broker for Beginners for bringing opportunity to trade with lower margin and investment.
